Regaring metatrader 4 | Forex Factory

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Regaring metatrader 4

  • #1
  • First Post: Aug 16, 2006 1:53am Aug 16, 2006 1:53am
hey guys.. i was just going thru Vegas's tutorial on forex.. and he mentioned metatrader 4 which was free.. so i downloaded it.. i just wanted to know.. unlike so many other servcices its free.. but can we use it with just any broker?? i mean.. i am signed up with fxsol.com .. they provide a charting service too.. but can i use the charting service on metatrader 4 and place trades according to tht on fxsol.com? i hope u get my question.. are the charts provided by every serivce uniform for forex?? thanx a lot..
BECAUSE I CAN !
  • #2
  • Aug 16, 2006 4:01am Aug 16, 2006 4:01am
Quoting YasirYar
hey guys.. i was just going thru Vegas's tutorial on forex.. and he mentioned metatrader 4 which was free.. so i downloaded it.. i just wanted to know.. unlike so many other servcices its free.. but can we use it with just any broker?? i mean.. i am signed up with fxsol.com .. they provide a charting service too.. but can i use the charting service on metatrader 4 and place trades according to tht on fxsol.com? i hope u get my question.. are the charts provided by every serivce uniform for forex?? thanx a lot..
no, you have to use a broker that supports MT4.
  • #3
  • Aug 16, 2006 8:17am Aug 16, 2006 8:17am
If you mean can you place trades through metatrader with any broker, then no you cannot do that, but if you mean can you use the datafeed from metatrader 4 to base your decisions on and place a trade on you brokers platform, then yes the feeds are generally pretty close to one another, unless you are scalping, it should be fine and is a very common practice.
You can quit and they won't care, but you will always know.
  • #4
  • Aug 16, 2006 2:15pm Aug 16, 2006 2:15pm
thanx a lot guys.. just one more question.. how come it is free?? because it has an awesome charting software package.. and normally firms charge 200 dollars per month for tht.. ??
BECAUSE I CAN !
  • #5
  • Last Post: Aug 16, 2006 3:03pm Aug 16, 2006 3:03pm
Quoting YasirYar
thanx a lot guys.. just one more question.. how come it is free?? because it has an awesome charting software package.. and normally firms charge 200 dollars per month for tht.. ??
MetaQuotes makes their money by charging brokers on the server side of things. They've reached critical mass at this point to where a broker couldn't charge for it. Plus, the whole industry is moving toward providing free charting as part of their platform.
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