Purchase Mt Software??

Is it worth the purchase price of about $1500 for the metatrader for forex software or just get a bRoker who uses it as their trading platform for now.

Probally depends on cash situation I know. I believe it would be worth the investment down the road.

MT4 VS VT TRADER?? Might be redundant question here, Ill look for a thread for comparisons between the 2.

TKS

Mike

Hi Mike,

I'm not sure if you've received a formal welcome from the factory but let me be the one to give it to you in case you haven't received one - WELCOME TO THE FACTORY!

But anyway, to your question.
I'm not sure where you got the $1500 figure for purchase of MT4 because I still haven't encountered MT4 being for sale.
MT4 is FREE and for me it's one of the reasons it has a lot of following.
VT Trader is also free, but I think not a lot of brokers (I'm really not sure here so you'll have to confirm this) use it for their trading platform.

Maybe you're confusing MetaTrader with MetaStock? Or maybe the $1500 is for opening an account? Where'd you get this figure anyway so that we may know where you're coming from.. :-)
They are two different platforms (MetaTrader and MetaStock that is) in case you didn't know.
I fell for that trap of confusion too.. hehe..

But anyway, as for MT4 vs VT Trader, I can only give my opinion of MT4 because I still haven't used VT Trader that much but have downloaded and installed it in my computer.

But for now, I am still happy with MetaTrader (except of course for max 8 indicators when creating a customized one [ignore this comment if you're not yet familiar with custom indicators]) so I really don't see myself changing platforms in the near future.

So I went with the crowd on choosing my platform for now until I've proven myself to be consistently profitable, or should I say systematic with my trading before putting out money on my trading platform.

You may want to use the money you're about to use to purchase a platform for reading materials like books (or better yet borrow from your library).
If you plan to purchase books, you may want to refer to the following thread to get you starting:
http://www.forexfactory.com/forexfor...ead.php?t=3887

AND

http://www.forexfactory.com/forexfor...28&postcount=6

This of course is the way I have done it and am only sharing it with you.

One of the brokers who is using MT4 for their trading platform is strategybuilderFx (the one I use because their demo account doesn't expire. ). You can check them out here:
www.strategybuilderfx.com

And lastly, any broker selling MT4 to you is a SCAMMER!
You can directly download also the platfrom from the official site of MT4 here:
http://www.metaquotes.net/

Hope this helps.
East

What East said. DO NOT PAY FOR METATRADER!!!!! It is a free program.

I assume you are new to forex. No problem. First thing first, you probably want to get a demo account somewhere. Using Metatrader as a platform is a fine choise. I just signed up at Alpari (google it) for a demo account because (I believe) their demo accounts do not expire after 30 days like most places. You can also download Metatrader 4 there for free. Also for those of you following, you can download the mobile versions there for free as well (this saves you $45 over the metatrader website price).

The program is not worth much without a brokers data feed. What you can buy is the server software if you want to do some custom backtesting and mess around with own quote feed.

MT4 is free and everything around it is free. All indicators and systems and what not. Only if you need something custom made and you don't know how to do it yourself then you could probably pay a programmer. Thats about it.

Who offers to sell it for $1.5k?

Yes, the handheld version costs a little on metaquotes site but I have seen brokers to offer it for free as well (probably not on demos).

Best regards,
Piccolo

It was Metastock I was looking at not Metatrader. Thanks for the welcome as well. I seem to be living here at FF, I love this place, the attitude, willingness to share, ideas, trading methods everything.

Heading off to download MT4. I like MT4 based on everything I ve read and heard from people, overall a solid package.

Take care for now

Keep the ideas coming.

Mike