CMTrading’s guide to Mobile Trading in a digital world
Since we live in a digital world, there’s little surprise that MetaTrader 4 App is becoming increasingly popular. Luckily CMTrading has some tips and tricks to guide you through this new way of trading. Here is what you need to know about this Forex trading app and mobile trading in general.
What are the advantages of Mobile Trading?
There are a few reasons why using a forex trading app might be the perfect solution for you.
Each time they trade, the same trades are made in your account
When they make a profit so do you
You can easily set future trades, search for trading options and more.
Mobile trading allows you to trade on the go, which is highly convenient in today’s busy world.
Mobile trading offers convenience and portability. It allows you to fully customize your alerts and act on them whenever, wherever and however you choose. You are never tied to one location, and you will never miss that critical sale or gain because you couldn’t get to your PC fast enough. What could be more appealing?
How does the MetaTrader 4 app integration aspect work?
MetaTrader 4 is widely considered one of the best, most advanced Forex trading platforms. Little wonder, then, that it has a Forex trading app to match. MetaTrader 4 offers simple functionality that can be expanded to technical charting for more advanced users. It’s convenient and user-friendly, allowing access to trading tools and integrated service baskets like the CMtrading app seamlessly. Custom-made automatic trading strategies are also available.
CMtrading’s MT4 app is the ideal platform for any trading strategy. It allows access to all trading tools no matter where you are, which makes mobile trading highly convenient. You can use your own Expert Advisor with the platform or develop your own using the MQL4 scripting language. This app enables you to make it into a completely personalized app.
The future is mobile, and mobile trading tools like the CMtrading app with MT4 integration ensures you too will be there, ready to enjoy your financial future and make it happen as you desire.
Mobile Trader Highlights:
Not only have the ability to trade from anywhere anytime but also have up to the minute news coming to your Mobile trading platform on your phone
Have the ability to choose your language from a wide variety available
Great visual display and viewing of your charts and trading information
Ability to enter and exit trades using advanced order types
A wide variety of technical indicators available for your charting analysis
Trading Forex with MetaTrader 4
CMTrading has taken the MT4 interface mobile online with its mobile app. Integrating the MT4 features, it offers a seamless, simple way to get online and trade- no matter where you are. It has a simple user interface that is very intuitive, with one-click execution functions, real-time quotes and limited orders. You can access graphs and charts to make decision making far easier. You can also access all of the technical indicators and tools that are already present. Live analytics is also possible.
MT4 Features
MetaTrader 4 has been in active development for more than 10 years now and has grown into a huge ecosystem of various trading solutions including a Marketplace where millions of traders can buy and sell trading services like Expert Advisors and Forex Signals.
The community forum is also very active, which is extremely helpful since troubleshooting and support can always be found quite easily. Why MT4 is such a powerful platform though is because it places the whole financial market directly at the fingertips of the trader. From live price feeds with one-click trading, charts and economic calendar – you won’t even need to minimize the window to look elsewhere for additional information. Everything you will ever need is easily available directly on the platform.
Regardless of if you subscribe to the fundamental or technical philosophy of trading, MetaTrader 4 offers the best of both worlds. Use customizable indicators that you can place directly on the chart and keep abreast of the financial markets with the live economic calendar monitoring every relevant upcoming news release.
Even more great MT4 features:
Instant/Market execution
When opening a position in MetaTrader, you have the option between two order types: instant/market execution orders or pending orders. The type of execution is usually determined by your broker and cannot be modified. In short, when placing an instant execution order, you are requested to trade a currency pair at the current price available on your feed and if your broker can’t provide the price you requested, you will be offered a requote. With market execution, your broker is guaranteed to fill your order at the best available price even if that means you get better or worse pricing. This usually isn’t a big deal except during times of high market volatility during which you may find it hard to enter a position due to the amount of requotes.
Pending orders
In the case of pending orders, you have the option to open a trade whether that is a buy or sell at a predetermined price of your choosing. So, if the current ASK price of EUR/USD is 1.05643, and you wish to buy only when it reaches 1.05650, you can place a Buy stop order which will guarantee your trade as soon as that price is reached. Note that Stop loss and Take profit orders cannot be placed during the opening of pending orders and instead should be set up after the fact.
Historical data for back testing
Back testing your trading strategy is crucial for every forex trader and the MT4 trading platform has the tools to help you do just that. Theoretically, if your strategy seems to work in previous market conditions it will probably perform similarly with the current market. It’s always better to back test with a big enough sample size to get a good idea how consistent your strategy actually is so you should at least start testing from 2005 if not earlier.
Forex Signals and Expert Advisors
For the more technically inclined, MT4 also includes the MQL4 which is a programming language used for the development of automated trading robots called Expert Advisors. Using the hundreds of technical indicators already available on the trading platform, you can create your very own trading robot that can monitor specific currency pairs of your choosing and trade automatically based on a set of predetermined rules. Likewise, you can create Signals based on your robots and have other traders copy your trades for a fee. The MT4 Marketplace is a great place for setting up or following a Signal service.
Tell me more about the CMtrading App
CMTrading has taken the MT4 interface mobile online with its mobile app. Integrating the MT4 features, it offers a seamless, simple way to get online and trade- no matter where you are. It has a simple user interface that is very intuitive, with one-click execution functions, real-time quotes and limited orders. You can access graphs and charts to make decision making far easier. You can also access all of the technical indicators and tools that are already present. Live analytics is also possible.
You can download CMTrading’s App from
your cell phone or laptop here:
You can download CMTrading’s App from your cell phone here:
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