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Trading Outside the Box – The Meta Trader 4 Excel Duo

The Meta Trader 4 Excel platform is making a splash in the online currency trading circle for all the good reasons. Forex trading is the business of exchanging one nation’s currency for another. Unlike most other trades, the profit here is completely dependent on the volatility of the Forex market.

If the market were static, there would be no change in the value of the currency, no money would be created. Yet, this same volatility also creates an element of danger. Because of the countless variables that affect price, it is possible to predict which way a market will move. In such a scenario, traders should seek out any information available about the economic forces at play. The lack of insider trading makes it a level playing field, but it means that all your competitors know what you know.

Therefore, the only way to trade consistently and profitably is to gather all the data of the market trends. Trend is a trader’s best friend. The best way to use trend data is to analyze it.

But this is exactly where most pieces of Forex software fall short – analytical tools. Each system offers several tools – some useful, some not so useful. For the most part, the statistical analysis tools available in Forex systems are either too simple to be powerful or too complex to be practical for day trading.

Even the popular Metatrader has this drawback. Despite the powerful trend analysis features, implementing automated trading strategies calls for a complex program. The average marketer, who is not necessarily a computer whiz, will not appreciate this. Learning an entire programming language just for trading can be a daunting task.

This is why the Meta Trader 4 Excel platform is gaining popularity. It allows users to trade Forex from excel, the widely used spreadsheet software. When you think about it, Microsoft Excel actually makes a great business program. Consider its features:

  • Ease of use: With its simple graphical interface, it is one of the most user-friendly programs of its kind.
  • Short learning curve: With comprehensive tutorials and help files, mastering the features is easy even for users without prior experience.
  • Simple formula writing: Even the most complex formulas can be created with surprisingly simple syntax.
  • Highly scalable: Allows working with large amounts of data.
  • Powerful conditional formatting: Important patterns that were not obvious at first can be extracted. This makes it easy to analyze the data to discover trends and exceptions.
  • Visual map element selectors: Allows users to quickly change map data. Manipulating charts with a few clicks makes data analysis easier, more intuitive and more effective.

All these features make Excel an excellent platform for trading. Especially if it was possible to develop Expert Advisors – automated trading strategies that try to increase profits and protect you from losses. To your surprise, it is now possible! A smart application now allows all Metatrader functions to be used through Excel, including the development and implementation of Expert Advisors. Install your Meta Trader 4 Excel system now and experience the benefits immediately!

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