Metatrader tools are a class of programs that augment and amplify the fundamental capability of metatrader. Metatrader is a basic platform for trading currencies in the Forex market. Forex is an exchange where many of the worlds currencies are traded. Metatrader account copier allows a person to copy or merge trades back and forth to and from different accounts.
Currencies are traded in pairs. They are also traded with the idea that one of them will go up faster than the other or conversely that one of the pair will go down faster than the other. If a trader feels that the Japanese Yen is going to rise in value when compared to the US Dollar, he or she might put on a position where the trader was long the Yen and short the dollar.
Long means the trader buys ownership of a certain amount of particular currency. This would be done when the trader feels a currency is going to go up in value relative to the other currency. The hope is that the value will raise and then the position can be closed out or sold. The short side is just the opposite. The trader first sells the currency he or she hopes will drop in value relative to the other currency. After the currency has dropped it will then be purchased back at a lower value for a profit.
The metatrader platform and the metatrader tools show all this action in a series of real time graphs that allow the trader a visual easy to understand representation of what types of interactions are going on in the Forex market place.
Metatrader account copier provides excellent capabilities for efficacious trading of multiple accounts along with a high degree of utility. There is no software limit to the number of terminals. The broker’s or trader’s hardware will have some limitation.
Metatrader account copier comes in very handy for brokers. If they are trading managed accounts for clients with the same strategy, metatrader copier greatly reduces their administrative overhead. In the case of a market move in the wrong direction the copier tool allows the broker to quickly hedge his position by passing all or part of it to another broker. The hedge module and the reverse module come in particularly handy for this type of operation.
The copying can be one to one, one to many, or many to one. CopyTool will also handle all combinations of buy, sell, limit and stop orders along with Instant Execution and Market Execution. It is a very versatile piece of software and is one of the favorite metatrader tools.
Metatrader account copier also has myriad customizable settings. The ability to use filters and build your own money management system are just a couple of examples.
Alex Johnson is an expert author who writes informative articles on metatrader tools, metatrader account copier, and mt4 trade copier for forex traders interested in automated trading. For more information on metatrader account copier and metatrader tools, you can also visit www.ea-coder.com.