Metatrader4

[tafadzwa02]

Can someone help me with the advantages of this one please?As compared to like the Pure Deal on IG index

 

[Masquerade]

Nicer charts - no web-based Java stuff. You can use EA's too if you're so inclined. Other than that there's not many advantages.

 

[tafadzwa02]

what are EAs and how are they important.The other thing is i read babypips.com and the website has atrading plan , is it good to copy his plan?

 

[Masquerade]

If you ask me the question about EAs then you won't be using them. It's just a way of automating your trading strategy and running it via a script so you don't need to take an active role in trading. If you have an automated system then being able to implement them is obviously important. For you, it obviously won't be for the time being.

No comment about babypips, I haven't read it.

 

[tafadzwa02]

Thank you for your advice.

 

[Masquerade]

I forgot to mention. If you use Alpari (a metatrader based service) you're liable for taxation on sizeable profits, whereas for something like IG it's tax-free. Although saying that, you have to turn a profit first to be worrying about this 😛