How to Trade on Forex with your Mac
Forex is a very and intriguing place for beginners to experience the world of trading through the exchange of currencies. Diving into the complex and influential world on the foreign exchange market can be exciting, but a dedicated trader uses the gathered knowledge to create a sustainable living or at least a nice side income on Forex.
Despite the accumulated knowledge of the market, a trader has to sort out and take care of the technical side of trading. Before jumping into trading on Forex, choose a proper device for your trading.
To add versatility and mobility to a trader's life, most forex brokers have great platforms on iOS and Android. But cramming all the information into a tiny screen can be confusing and counterproductive for a beginner. Accessing your trading via phone might be good for the maintenance of your trading platform is not a substitute for trading on a computer. Forex trading on a Mac may not be supported by all software, but it is still possible to create a very successful trading platform.
The main platform used for Forex trading is MetaTrader by MetaQuotes Software, and it only runs on Windows-based OS. Surprisingly, alternative versions of the most popular trading system have not been created for Mac OS or Linux, but there are ways to bypass this obstacle.
PlayOnMac is a free compatibility layer for Mac OS that allows the usage of apps designed to run on Windows OS. Thanks to this program, you can download Wine or Parallels - the software providing virtualization of hardware for Mac computers.
However, the virtualization of Windows OS on a Mac often has many flaws and unexpected bugs, limiting the usage of the most powerful MetaTrader tools, such as Expert Advisors (EA). About 75% of trading on Forex is automated. In such a big market filled with algorithmic automatic, it is quite unrealistic to earn a respectable profit without utilizing EA's for automated trading.
Even the brokers with a functional version of MetaTrader for Mac are not always accessible to everyone around the world. MetaTrader for desktop can be a decent alternative for a beginner trader trying to grasp and learn all the intricacies of the foreign exchange market, but for an intermediate or an advanced trader, MetaTrader for desktop loses some valuable functions which can be an important part of a great trading platform.
To avoid the limitations of a MAC or any other device used for trading, most of the traders on Forex use a Virtual Private Server (VPS). The abundance of VPS proves that the demand for a service among the trading community is very high. Instead of creating a trading platform on your home or office computer, you base your trading software on an extra safe, fast, and reliable partition of a remote server.
VPS Forex Trader offers to host services to traders since April 2011. High emphasis on customer support allows traders to choose and modify the parameters of their VPS plan. With servers in New York, Amsterdam, and Vilnius, a trader can choose a VPS that is closest to the server of a broker, further maximizing the precision and stability of the trading platform. You can use any device to access your VPS without worrying about any technical limitations. Connect to your partition of a powerful remote server from any device and location with an internet connection, and you will be set for success in the world of Forex trading.