Wondering what the best CFD trading platform for 2020 is? Then look no further! Our guide will provide you with an introduction to the best indicators for CFDs in MetaTrader 4! Juno Markets partners with NASDAQ to bring a premium service with direct market access to our clients’ trading CFDs.
For a beginner trader, CFD trading can be complicated, and its complexities might be a little overwhelming. It is therefore important to select the right trading platform – one that meets all of your needs and that is also easy to use.
Your chosen platform must be efficient for order entry and cancellation, to enable all of the account management capabilities, and to facilitate market analysis. Technically, a trading platform that provides CFD trading should permit you to gain real-time quotes, analyze the markets, to enter orders, and to implement strategies. In addition to all this, the best trading platforms for CFD trading will also include a range of other useful tools and indicators.
Forex brokers supply different trading platforms to their clients, and a considerable number of online CFD brokers may provide the use of different independent platforms, like the MetaTrader (MT4)software package.
An Introduction to the Top Platforms
If you are a professional trader, you probably already know which platforms are regarded as the best and most popular. MetaTrader 4 will give you exactly what you need. These two are undoubtedly the best platforms and deserve your attention.
Why Is MT4 the King For CFD Trading?
The world of CFD trading has adopted the MT4 platform as the market standard, and it is now used by hundreds of brokers worldwide. This was not an accident: the MetaTrader 4 platform offers traders advanced technology and extensive security so that they can open and close positions without ever having to worry about the stability of their trading platform.
Key Features of MT4
What is it that makes this platform so special? First of all, this CFD platform possesses a very user-friendly interface to work with, empowering new and experienced traders alike to trade on this volatile market with ease. The second feature is the support of all major languages. Users worldwide can benefit from the MetaTrader 4 platform and all of its data in their own language, without any additional effort, required.
Alongside these useful characteristics, the platform can offer you advanced and revolutionary charting capabilities. In turn, this enables traders to perform trades and to thoroughly analyze the technical elements of the market at the same time.
There is also one very popular and powerful capability within the MetaTrader feature portfolio, and that is Expert Advisors. These are automated trading features that can automatically open and close trades based on preset rules. They can be sourced from a variety of suppliers to customize and enhance the capabilities of your platform.
Communication Tools in MT4
It would also be a mistake, not to mention the communication tools available in MT4. The software incorporates advanced communication tools for brokers to post messages, and to keep communicating with CFD traders in real-time. Long and complicated email threads are thus avoided, leaving you more time to concentrate on your trading.
Unlike a lot of other platforms, MetaTrader 4 requires moderately low resources to run, meaning that it keeps its disruption of your computer to a minimum. This also permits the platform to act much more swiftly, making it possible to accomplish trades and traders’ requests straightaway. In addition, all users are able to view account information within the platform. Details available include trading history, access details, account balance, and also password information.
When you are dealing with a sensitive and private issue like CFD trading, you will of course want to ensure that your account is protected from potential hacks and attacks. Of all the CFD trading platforms available on the market, MT4 has one of the highest security levels that encrypts the data between a CFD trader and the server with a 128-bit key. The trader’s IP address is also completely concealed.
Additionally, MT4 is very flexible and can be used to trade in a variety of other markets like commodities, futures and equities.
Customisation in MT4
The final point is that MetaTrader 4 allows customization so that CFD traders can tailor the trading platform to meet their own trading needs and practices. This includes the ability to develop and program your own Expert Advisors and technical indicators using MT4’s advanced MQL programming language.
You can also boost the capabilities of MetaTrader with the MetaTrader Supreme Edition plugin from Admiral Markets. This excellent plugin enables traders to gain access to additional premium analytics, news, trading insights, and a range of innovative trading tools that enhance the trading experience. To find out more and to download MetaTrader 4 for FREE, click here!