Iām sensing A LOT OF CONFUSION here from you
letās get one thing out of the way FIRST OF ALL
Letās pick a few brokers out of a hat so to speakā¦ ok
now you are with ALPARIā¦
NO MATEā¦ THEY ARE NOT SMIILAR , they are IDENTICAL
you see
Alpari MT-4
Pepperstone MT-4
Oanda MT-4
are exactly the same as MT-4 (Raw)
the only difference is the RAW version from MT-4 comes unconfigured
the brokers then take itā¦ they configure it and YOU DOWNLOAD IT from their website CONFIGURED
so you donāt have to do anything further
ITāS THE SAME PROGRAM MATEā¦ ok[quote=āLexzykool317, post:17, topic:129608ā]
Can you explain how itās easier and more user friendly please?
[/quote]
Sureā¦
well. firstly THIS IS MY OPINION of course
but a lot of people seem to agree
MT-4 is easy to use, Easy to place trades, its nice, itās basic and itās quick and not heavy on computer resources.
drawing lines and attaching indicators and experts is easy
backing up is easy
adding new indies and experts is easy
itās easy all around
now your 2 choices will be MT-4 and C-Trader
Just like with a computer you are either a Windows Person or a Mac Person
well in trading you are either an MT-4 Person or a C-Trader person
now in computing we have Linux people
and in trading we also have Webtrader people, but the webtraders and mobile phone traders are not the majority
the majority are C-Trader and MT-4
Pick one
i think we need to be CLEAR ON THE WORD āTRANSACTIONā
Now, by definition it means (Loosely) ANY TRANSACTION Any Exchange of good and services for cash
BUT. you have used it in the context of WITHDRAWING MONEY (which is also a transaction) butā¦ i assumed you were saying
can you withdraw funds directly from the MT-4 Platformā¦ NO YOU CANāT
you need to go to your broker online and do it in the client area
what is the purpose of the broker
THEIR PURPOSE IS TO FACILITATE YOUR TRADE
their purpose is not really to provide a platform, but THEY DO IT ANYWAY
so i suppose
UNDERSTAND THAT the broker is there to mediate the trade on your behalf and take a commission
you can do all that within MT-4
you cannot withdraw or fund your account from MT-4 directly
NOā¦
if a broker charges commission and has a fixed spread of 3 pips for example
whether you trade on MT-4 or directly from the web interface THE FEES AND SPREADS ARE THE SAME
MT-4 IS MERELY AN INTERFACE PROGRAM
itās like this ok
you have email with letās say Telstra (Bigpond) or whoever your carrier is
and YOU USE A PROGRAM CALLED OUTLOOK
Nowā¦ Outlook is NOT YOUR EMAIL
Your email is held on the server of your provider
Your trades are held and executed on the server of your broker
Outlook merely is a program that talks to the ISP server to get your email
MT-4 is merely a program that talks to your brokers server and says āhey ā¦ put this trade down nowā¦ okā
and the server does it
if you put a trade down to buy EUR USD and your computer shuts down
the trade is still running on the server regardless
however, if the server dies but your computer and MT-4 platform still work, Your trade is gone (in theory)
get it
Nothing will change
THE CHARGES ARE IDENTICAL
MT-4 IS GIVEN TO YOU FREE OF CHARGE
if a broker ever charges you for MT-4
Say Good by and give them the middle fingerā¦ simple as that
hehe
in MT-4 you use LOT SIZES
this is how the program is programmed up, you canāt change it
and there is no MT-4 program that will be different
they are all the same
are you sure you are using THE ORIGINAL MOBILE MT-4 App
because there are a lot of copycats
i have Mobile MT-4 Mine says LOTS so 1.00 not $1.00
you must have a different app
what do you think 0.3 Means ???
Mate, if we standardize it to CENTS
so instead of
$9 divided by 30
we say
900cents divided by 30 = 30cents right
so
0.30 is = to 30 cents
and obviously
0.3
and 0.30
and 0.300
and 0.300000000000000000000000000000
ARE EXACTLY THE SAME aside from how many decimal places you want to go to
but with money we use 2 decimal place
but it is understood that 0.3 cannot be 3 cents
Your calculator will round off 0.30 to 0.3 because it knows IT DOESNāT MATTER.
does that make sense
well thatās right
because when you have no trades on, YOU ARE NOT USING ANY PORTION OF NOMINAL MARGIN
hence it wonāt show you the Nominal margin
THIS IS THE POINTā¦
YOU NEED TO WORK IT OUT BEFORE YOU PLACE THE TRADE
LOOK,
do me a favour ok
ask your broker how to work out Nominal Margin or research it for yourself
Iāve given you a lot of material here
do me a favour and do some homework and find this out
and if you canāt iāll help you
but, remember I WORKED THIS OUT ON MY OWN
soā¦ why should you not ?
Nomainal margin is a combination of
Account Leverage
Local Currency
Current Exchange Rate
Your instrument
Your Lot Size
i think thatās it
go work it out