How to get MetaTrader 4 on MAC
Metatrader4 Has been the most popular Forex trading platform for quite some time. Due to popular demand, MetaQuotes Software Corp. has released the mobile version of an application for an iPhone. However, many traders are still unsatisfied with the fact that there is no MetaTrader4 version for the Mac OS operating system. If you are a Mac user, it would be in your best interest to use a much more reliable VPS Forex trader. That does not mean it is not possible to get MetaTrader for this operating system, but it takes quite a few tedious steps to actually do it. Here we present you a way to get MetaTrader4 on Mac.
1. Install Wine on your Mac OS
Known for its clever acronym "Wine Is Not an Emulator", Wine is free software, which can be used by users of other operating systems to properly run an application created for Microsoft Windows. You can install Wine directly into your computer, but a more effective, user-friendly way would be to install PlayOnMac – a Wine-based software, which simplifies and installation of Windows applications on your MAC.
2. Installing PlayOnMac
You can install PlayOnMac by visiting the official website and downloading the latest version of the application. It is easy to install, free to use, and most importantly – does not require a Windows license.
After downloading this DMG package, you'll be able to launch the bundle from the Downloads section of your Mac OS. Your first launcher window will be the installer. When you proceed with your installation, you'll be required to install XQuartz if you haven’t already done that. XQuartz allows proper usage of the X Window System on your OS. This way you'll have all the needed tools to create the proper user interface on Mac OS. After following all the instructions of the installation, you'll be asked to reboot your PC to activate the changes. You can avoid this step if you already have Xquartz.
When you launch the PlayonMac setup file again, you’ll be offered to install Microsoft fonts, which are necessary for MetaTrader4 to work properly. When the installation is complete, your main window should look like this:
3. Update your Wine (optional)
Although there is a version of Wine on your computer, unless you downloaded it from the main website, you might need to update your version. You can do it on PlayOnMac by choosing to select Manage Wine Versions on your upper menu.
Seek out the most stable version of the software containing as many improvements and bugfixes. To make sure your system is stable. After a quick installation, the new version of Wine will be visible on the left part of the PlayonMac window.
4. Install your MetaTrader4
To finally install your MetaTrader4, download the “mt4setup.exe” installer. After you launch it, PlayOnMac will be automatically open your installation. Follow the standard installation process for a MetaTrader4 terminal. After you complete your installation, you’ll be allowed to create shortcuts for your terminal components.
Create the shortcuts you need and the work is done! Your MetaTrader4 terminal will be available for launch through your PlayOnMac window.
Disadvantages and potential issues
Although versions are constantly getting updated, Wine still cannot be called a fully stable software. Some functions of the terminal can be unavailable or won't execute their task properly. Installing and using MetaTrader4 on Mac OS can be difficult, so you might want to go for a VPS Forex trader.
For absolute beginners, Forex trading can be easy to learn, but if you want to make a profit, it is pretty hard to master. More experienced traders achieve their success mostly by ignoring their emotions and using their advanced knowledge. Trading without these traits can still be successful, but it is unlikely that your career will be sustainable.
For successful trading in the foreign exchange market, it is very important to understand the concept of margin. To open and maintain a new position in Forex, you are not required to put up the full amount of money. You can use a small amount of capital for it. The amount we're talking about is known as the margin. If you want to buy $50,000 worth of EUR/USD, you do not have to worry about the whole amount. You only need to pay a small portion of it, for example, $1000. The margin can differ depending on the requirement.
To understand the concept better, you can look at it as a good faith deposit which is required to maintain your new position. It should not be considered as a transaction cost or some sort of fee. This small portion of your capital is set aside from your account by your Forex broker, to make sure that you are capable of covering the loss of the trade.
After you close the trade, this specific margin will return to your account and you’ll be able to use it again for other trades.
The margin requirement is a specific percentage of the whole amount, also regarded as the "notional value” of your position. Margin depends on the forex broker and your currency pair. Margin Requirements can be as low as 0.25%, but some go as high as 10% or even higher. For example, EUR/USD (The currency pair we mentioned before), has a Margin Requirement of 2%.
Required margin is the exact amount of money, expressed in your currency. Let's keep using the same currency pair as an example. If you want to either buy or sell a 50,000 of EUR/USD with a Margin Requirement of 2%, your Required Margin will be $1,000. This amount of money will be used to open and maintain your desired position.
If you decide to trade with margin, the Required Margin, which will be used to open your trading position, will be calculated as a Margin Requirement, which is a percentage of your Notional Value. If you multiply your Notional Value by the Margin Requirement, the result will be your required margin.
There is an undeniable influx of people who are interested in Forex trading. Every inexperienced trader is determined to earn some easy money on the foreign exchange market, but this is only achievable with the right strategy and a reasonable amount of knowledge.
Earning money on Forex revolves around buying a specific currency when its price is low, and selling it after its value has grown. Understanding these concepts is enough to dip your toes in the water, but to achieve bigger success, you have to get familiar with more advanced terminology.
Drawdown is the difference between the current high point of money on your account and the next low point. This difference shows the capital you lost due to unfortunate trades. Losing money on trades is called a drawdown. If you decide to start trading with a $5000, but after some bad trades you end up with $4000, your account balance has suffered a $1000 drawdown. Although this experience is very unpleasant, it is a great way to get the feel of trading on Forex and learn from your mistakes.
Experiencing a drawdown allows you to evaluate the durability of your trading system. A big drawdown can put your trading system into jeopardy. Suffering a huge 50% drawdown puts you into serious danger. You'll have to be very smart about your next trades because you'll need a 100% return just to recover your account balance.
Big investors on Wall Street are very joyful with a 1/5 of profit a year. Experienced investors love to implement aggressive, high risk, high reward strategies, which often can result in a serious drawdown. When it happens, it is advised to utilize a safer, more consistent trading strategy, which will readjust your trading system. Less experienced traders get emotional and feel compelled to over-trade just to get even, which more than often results in even a bigger drawdown.
Over-trading and using too much leverage will most likely lead to a bad trade with serious consequences. Instead of making peace with their bad trade, traders get too confident and aggressive. To avoid even bigger drawdowns, cut your unreasonable trades and try to implement risk-management strategies to stabilize your situation. One good trade is definitely not the way to make a great career, but one disastrous trade will definitely cut it short.
Huge drawdowns can take a toll on your physical and mental health. Big trades have ruined the lives of many traders, so the best way to avoid such disasters is to utilize a trading plan, based on a specific algorithm and a high level of risk management, instead of relying on your emotions.
The best way to avoid big drawdowns is to implement a specific limit of any drawdown you’ll be willing to take. In the world of investors, it is called a stop-loss point. Utilizing automated trading systems with proper supervision will help you avoid trading decisions entirely based on your emotional state. Focus on your strategy, manage your risks, and know when to get out.
VPS or a virtual private server is a great tool to automate your trading on a foreign exchange market. Using this feature allows you to optimize, automate and execute trades much faster and far more efficiently. By connecting to a VPS, you get access to a remote computer working 24/7. Virtual private servers usually run on an operating system very similar to windows, which creates perfect working conditions for inexperienced users. By paying a monthly transfer fee, you will receive remote access to a server with a designated hard drive, RAM, ports with various configurations and an operating system.
The price of a VPS rent can vary depending on the location of a server and your desired specifications. But how do virtual private servers work and help us in our Forex trading?
As already mentioned before, by paying a transfer fee you will receive access to your personal server and a lot of freedom to use it. After that, you'll be able to remotely connect to a server from your personal computer, but operations will be processed on a virtual private server, not on your hardware.
In the past, Forex traders had to perform every operation manually. Following and executing every single trade is very tiring, time-consuming, and leaves a lot of space for human error, mainly based on emotions. Only well-educated traders with a deep knowledge of the foreign exchange market and economical news were the most successful. Great hardware at that time made trading easier, but constant monitoring was extremely stressful for the trader.
Recently, automation took the world by storm and affected almost every aspect of our lives. Even such a complicated sequence of events, which have to be performed to earn a profit on a foreign exchange market were greatly affected by algorithmic automation.
Automated forex trading is a win-win situation for many traders. Beginners who search for an easier way to earn money can invest enough time. A decent amount of knowledge and the right mindset will help inexperienced traders to use automation in their favor and earn some money. Traders with some experience praise the coming of automation. Algorithmic trading combined with knowledge accumulated throughout the years is the factors that guarantee an increase in profit and reduce the immense amount of stress and pressure.
To get the most out of automated forex trading, you have to use a trading platform on your computer. However, there are a few problems that can disrupt this automated process. Lack of access to a computer, power outage and loss of connection to the internet can damage your trades.
The best way to solve this problem is to use a VPS Forex Trader. Using your trading software on a virtual private server removes all the risks we mentioned before. Having access to hardware with high-speed internet can make a significant influence on the success of your trading. VPS Forex Trader will help you choose a plan that satisfies all your requirements and earn some money on a foreign exchange market.
Automation is changing over the world as we know it. At first, it started to take away our most easily replaceable jobs. But in this day and age, algorithmic automation has reached a whole new level. Even such processes like trading in a foreign exchange market can be automated when the trader develops an algorithm used to execute his trading strategy. By utilizing algorithmic automation, experienced traders use trading software to increase the speed and efficiency of their trades. However, automated trading still has some flaws. Leaving your trades to a machine without any supervision is not always a good idea.
Your trading software will stop working due to a power outage or a loss of internet connection. To prevent these inconveniences and increase the efficiency of trades, traders started to use a virtual private server, also known as VPS. But what is Forex VPS hosting and how can you utilize it?
You can use your virtual private servers for many different things, but having access to a computer with high-speed internet and 24/7 accessibility is perfect for Forex trading. For a reasonable monthly fee, the VPS Forex trader allows you to transfer your trading software and keep your automated trading system constantly running.
You can also choose the location of your server which can be chosen strategically to maximize the speed of your transactions. London and New York City are the most desirable locations for a virtual private server.
There are a lot of reasons you should consider VPS for your forex trading. Automation aside, a virtual private server allows you to have access to your trading platform anywhere at any time. This way you can continue to monitor your trades for any corner of the world with an internet connection.
VPS Forex trader facilities are protected from power outages, which is crucial for fully automated trading systems. Trades will be constantly executed without access to your computer. The much faster execution of trades due to a better internet connection gives you a significant advantage against other traders.
One of the most underrated features of a virtual private server is security. If you are an experienced trader, you probably already know how important security is in this business. VPS servers are constantly being checked to make sure that they are functioning and guaranteeing maximum uptime. Antivirus and other software can also be used to make sure that your system has maximum protection.
Trading before automation was a very time-consuming process. Being a successful trader before algorithmic trading software was much harder. Constant monitoring of the market can be a very hard job, requiring great resilience to both physical fatigue and psychological stress. With a VPS forex trader, you make the software do most of the work, while you are left with the most interesting, but perhaps challenging parts of trading. Virtual private servers and automation completely revolutionized trading in a foreign exchange market. It is a great tool for both beginners and experienced traders alike.
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