MetaTrader (MT4)
GKFX is pleased to offer the MT4 trading platform to its clients. It is a downloadable application which you can have on as many PC’s as you like. It is one of the most highly regarded trading platforms in the world and has many features which other platforms do not come close to having, especially in terms of its charting capabilities, with unparalleled technical indicators enabling you to trade from charts.
It is used by millions of people all around the world through a variety of outlets, some of whom are more reputable than others. It can facilitate over one thousand different financial products and enables the user to customise the screen layout as required.
MetaTrader also has the ability to run what is known as ‘Expert Advisors’ which enables you to run programs, either purchased or written by you, to trade automatically. You can also ‘back test’ these programs to see how they would have performed in the past.
You can have different accounts in a choice of base currencies, and there are many languages on the platform to choose from. Additional benefits are listed below:
• Trade 100’s of FX pairs, commodities, and equities.
• No dealer intervention.
• Tight spreads.
• No commission.
• Secure – 128 bit encryption.
• Multiple chart display.
• Free technical indicators.
• Expert Advisor algo-engine built in.
• Multiple order types.
• Trailing stops.
• Trade in fractions of lots.
• View open positions from charts.
• Multiple language setup.
• Back testing availability.
• Auto updating software.
• Demo account available.
The Canadian dollar had a pretty bad week as talks about the European debt crisis plagued the Forex market, driving traders away from riskier commodity currencies.
UK pound is being helped on two fronts today. General risk appetite, with the focus on the Facebook IPO, is helping the sterling against the US dollar. On the other hand, pound is higher against the euro, as concerns about what’s happening in the eurozone make the pound a preferred choice as a European safe haven currency.
The Brazilian real rose today, but stayed near the 2 per dollar level as the impact of the European crisis on currencies of emerging markets sapped strength of the Brazilian currency.
Aussie is turning in a mixed performance today as choppy markets look for direction, and try to process all of the difficulties happening in the eurozone. On one hand, Aussie is lower against the US dollar as risk aversion makes an appearance. But, on the other, the Australia dollar is gaining against European currencies weighed down by difficulties.
