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Additional FAQ
How can demo account help beginners understand the trading platform?
Brokers offer various platforms, each of which is unique on its own. By using demo accounts, traders will have the time to familiarize themselves with a platform and all of its tools. For example, if you plan on using MT4, you will get the opportunity to understand the types of forex orders and how to place them using the available tools.
Through demo accounts, traders are also given access to market charts, live news feeds, currency quotes, and many more. Traders can assess whether they are comfortable with the platform's extra features. The brokers can also ask the brokers to provide the necessary tools or educational content to understand the platform better.
Continue Reading at Forex Demo Account: The Good, the Bad, and the Brokers
MT4 is an online trading platform established in 2005, offering traders the ability to trade various financial instruments, including forex, commodities, indices, stocks, and cryptocurrencies.
Continue Reading at Is MT5 Faster Than MT4? Here's What You Need to Know
Can we use OCO Order on any trading platform?
By default, there is no OCO Order installed on MetaTrader 4. To use the tool, one must download the OCO Order's plug-in and install it on the platform. The plug-in will allow the trader to place an OCO Order.
Many experienced traders pick up said add-on from a trustworthy source such as forex brokers' extra trading facilities. One example is Admiral Markets which equips its MetaTrader platforms with a special feature called the MetaTrader Supreme Edition (MTSE).
Continue Reading at OCO Order Strategy, How Does It Work?
What are the drawbacks of DoM?
While it shows the market conditions in-depth, it is not updated regularly. It is basically a snapshot of a certain moment in time. In addition to that, DoM is not available in all trading platforms.
Continue Reading at Your Simple Guide to Depth of Market
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