Does people who is trading at wall street use MetaTrader?
Go and ask one of them; I doubt anyone here is a floor trader.
Does people who is trading at wall street use MetaTrader or TradingView or others?
pls tell me.
No Sir. No one on "Wall Street" or at ANY institution will use Metatrader or TradingView
at their offices. As (almost) all of those operations use their own proprietary platforms.
Especially not Metatrader. As Metatrader is an extremely crude and limited platform.
And the only reason why Metatrader remains so popular in the retail world is because
this is the platform that (almost) all brokers prefer to offer their clients.
WHY DO BROKERS LIKE METATRADER SO MUCH?
It is much cheaper for the brokers to license the use of Metatrader, than for them to
create their own proprietary platforms. And by licensing Metatrader, they (the brokers)
do not have to handle nearly as much of the support or technical issues, as compared
to creating (and maintaining) their own proprietary platforms.
In addition to this, Metatrader already has an enormous amount of indicators/EA's
that have already been created. Allowing the brokers' clients (retail traders)
to start trading (and over-trading) immediately.
Brokers are in business to take your commission. Nothing more and nothing less.
And the easiest/fastest/cheapest way for them to take your commission, is to
give you 'free' access to Metatrader.
This is the (primary) reason why brokers offer (and will continue to offer)
Metatrader for years to come. And therefore, it is the (primary) reason why
Metatrader is so popular in the retail world.
I hope you find this helpful and best of luck with your trading going forward. =)
Answered well and in detail . Appreciate Yossarian Escobedo for the time and effort.
No Sir. No one on "Wall Street" or at ANY institution will use Metatrader or TradingView
at their offices. As (almost) all of those operations use their own proprietary platforms.
Especially not Metatrader. As Metatrader is an extremely crude and limited platform.
And the only reason why Metatrader remains so popular in the retail world is because
this is the platform that (almost) all brokers prefer to offer their clients.
WHY DO BROKERS LIKE METATRADER SO MUCH?
It is much cheaper for the brokers to license the use of Metatrader, than for them to
create their own proprietary platforms. And by licensing Metatrader, they (the brokers)
do not have to handle nearly as much of the support or technical issues, as compared
to creating (and maintaining) their own proprietary platforms.
In addition to this, Metatrader already has an enormous amount of indicators/EA's
that have already been created. Allowing the brokers' clients (retail traders)
to start trading (and over-trading) immediately.
Brokers are in business to take your commission. Nothing more and nothing less.
And the easiest/fastest/cheapest way for them to take your commission, is to
give you 'free' access to Metatrader.
This is the (primary) reason why brokers offer (and will continue to offer)
Metatrader for years to come. And therefore, it is the (primary) reason why
Metatrader is so popular in the retail world.
I hope you find this helpful and best of luck with your trading going forward. =)
Good answer.
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Does people who is trading at wall street use MetaTrader or TradingView or others?
pls tell me.