Does anyone know a way to exchange stocks or at the very least a MT4 demo account for stocks?
Does anyone know a way to exchange stocks or at the very least a MT4 demo account for stocks?
Some brokers do CFD's on stocks... but they're usually limited to just the most significant hand full of stocks on various trades... and then you would be trading the CFD quotes (wider spreads than the real market) and subject to high funding costs. It is not almost the same as directly trading that the equities...
MT4 are really bad as an equity platform. To be honest.
What do you really want to do with MT4 and stocks? Automated trading? Custom made indiors on equity price charts?
Perhaps I could recommend a much better platform...
I don't beg na do automated trading. In MT4 I like candlestick bars, trendlines, etc.. MT4 is straightforward and digital in words.Originally Posted by ;
Thank you,
Constin
I could have sworn I replied to this earlier... *shrugs* Perhaps I forgot to hit submit on the article. Take 2:
Okay, I know exactly what you mean. . MT4 is pretty great for easy charting (it is really very quickly and extendable in contrast to other charting alternatives,) but it is still a terrible selection for stock trading.
You are going to need to search for a couple of important things with a stock brokerage:
Local law is pretty large. Most discount brokerages will work closely with regulators in order that they can provide registered accounts and investment protection insurance. You'll need to do a little research here on what's commonly offered where you reside (changes from country to country.)
A broker that's been around for a while and is known to be reliable is essential. Thanks to a central exchange and equity regulation this really isn't as hard to find as it is in the FX world.
Notice I did not say anything about charting?
You can get free charting programs that are separate from your broker's feed for trading stock since most equity trading happens on a central trade.
Freestockcharts.com is a superb example, real time degree 1 quotes and charting within an internet browser, will candlesticks and a whole bunch of different forms of charts. It is ad supported, however it is possible to register an account to remove ads.
Focus first on safety of capital, then execution and cost of trading, then eventually you can look at charting. Keep in mind, stocks are usually a longer term trading instrument as a result of cost of a transaction and much lower (or non profit ) leverage... so don't fret so much about paying to get real time tick-by-tick data or any expensive platform charge from your broker... it won't be needed. Just a straightforward charting website and web based order entry will be set. (I strongly don't recommend day trading stock in a retail money account. . It is a tough game to do to get a new traders and is best left for people that own a DMA account or do prop trading at a business.)
Can there be a system/platform for buying penny shares using automated code like in MT4?
Scoobs
Broco has CFD equities if you really wanna go down that route. Not sure what the spreads are like.
NinjaTrader is better for stocks. Has a free Kinetick EOD feed with v7. Can also use Yahoo's free data. Best go with a feed if you want real-time though - wouldn't rely on Yahoo. Downside with ninja is it free for charting, you can't trade with it unless you buy a license.
MT4 really is a good small charting platform. Pity it's installment only for bucketshops to rape the uninformed's pockets.
1Originally Posted by ;
I agree with all of the above, I might also add that stocks can be day traded with close to no transaction fees through immediate access. If you learn how to route your orders and make rebates trading stocks can really pay commissions. Trading stocks through immediate access practically removes the spread on liquid stocks that's a huge benefit to day traders.
I day trade the US equities, which I prefer over the FX market. This again, is a personal choice. Everyone has their arena, its crucial that you research all of your choices before you settle on a market that does not suit your personality.
Lots of restrictions on day trading US stocks directly. 25k account minimal or 90 day account suspend is the one. This places most people from this bandwagon (for good reasons IMHO).Originally Posted by ;
http://www.sec.gov/answers/daytrading.htm
Well, if your serious about trading afterward those principles should not be a problem The benefits that I mentioned before readily offset the disadvantages.Originally Posted by ;
Because it was not designed for stocks, trading stocks is not possible on MT4.
But trading stocks is potential with MT5