Does anybody know a way to trade stocks on MT4 or at least a MT4 demo account for stocks?
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DislikedSome brokers do CFD's on stocks... but they are usually limited to just the largest hand full of stocks on various exchanges... and then you'd be trading the CFD quotes (wider spreads than the real market) and subject to high financing costs. It's not nearly the same as directly trading the equities...
MT4 would be really bad as an equity platform. To be honest.
What do you want to do with MT4 and stocks? Automated trading? Custom indicators on equity price charts?
Maybe I could recommend a better platform...Ignored
DislikedI could have sworn that I replied to this before... *shrugs* Maybe I forgot to hit submit on the post. Take 2:
Ok, I understand what you mean.. MT4 is pretty good for simple charting (it's actually quite fast and extendable compared to other charting solutions,) but it's still a bad choice for stock trading.
You are going to want to look for a few key things with a stock brokerage:
Local regulation is pretty big. Most discount brokerages will work closely with regulators so they can provide registered accounts and investment protection insurance....Ignored
DislikedI might also add that stocks can be day traded with close to no transaction fees through direct access. If you know how to route your orders and earn rebates, then trading stocks can actually pay you commissions. Trading equities through direct access also almost eliminates the spread on liquid stocks which is a huge advantage to day traders.
I personally day trade the US equities, which I prefer over the FX market. This again, is a personal choice. Everyone has their arena, its important to explore all your options before you settle on a market...Ignored
DislikedLots of restrictions on day trading US stocks directly. 25k account minimum or 90 day account freeze is the big one. This places most people out of the bandwagon (for good reasons IMHO).
http://www.sec.gov/answers/daytrading.htmIgnored
DislikedWell, if your serious about trading then these rules shouldn't be a problem The advantages I mentioned earlier easily offset the disadvantages.Ignored
DislikedTrading stocks is not possible on MT4, since it was not designed for stocks.
However, trading stocks is possible with MT5Ignored
DislikedDude, I've been trading for a long time and your advice does not make sense.
Do you know how hard it really is to earn rebates to cover the full or "most of" the transaction costs? You must use limit orders (provide liquidity) and for daytrading, you'd wanna be damn good at programming as well as trading to make it work.
As I also understand it, you also need to be well capitalised and the stock must be highly liquid because filling becomes a big issue.
Now considering that the OP is asking for MT4, they are obviously not funded and/or experienced...Ignored
DislikedIs there a system/platform for buying penny shares using automated code like in MT4 ?
ScoobsIgnored