The Trading Apps of Highly Successful Investors
In the last few years, I’ve been lucky to meet some of the most successful investors in the world. What trading apps do highly successful investors use? Here’s the top 3.
Traders mostly use PCs in a Windows environment because most traders are not developers and are looking to use software that they are accustomed to.
Metatrader 4 and 5 are the most used software by traders.
They are available for Windows, Android and iOS (iPhone and iPad), but there is no a native Mac OS version, Therefore people who use an Apple computer are not able to install them directly.
The only way to run Metatrader on Mac OS is through a kind of Virtual Machine app like Parallels or VMWare; another option it so use an emulator like Wine, but the user experience (not easy to install for no-geeks) is worse even than mobile versions.
MetaTrader 4 or MT5
Traders have a choice of which trading platform to use. However, this choice is interlinked with the choice of broker, as not every type of trading platform is offered by every broker.
Moreover, some brokers do not have true compatibility with certain Forex trading platforms. The Metatrader 4 and MT5 trading platform is very well known and can definitely be said to set the industry standard.
I have never seen a broker that does not either offer trading directly through the platform or through an in-house bridge to the platform, although this can be at the cost of a slightly higher spreads and/or commissions.
The Metatrader 5 trading platform is somewhat less commonly offered, although it is produced by the same company
MetaTrader is the top trading platform in the world, used by millions of traders worldwide. Numbers don’t lie. If you are serious about trading, you should download MetaTrader 4 or MT5 immediately. Don’t worry — it’s free.
From $100 to $13,700
Over 98% of the investors I’ve surveyed used some kind of trading bot.
Many hired a software engineer to code a custom trading bot. These software engineers are not cheap ($550 per hour). The cost for a custom bot is from $2,500 to $13,700.
Other investors use trading bots that have already been pre-programmed and are “plug and play”, like Galileo FX. This is the best choice for most traders and investors who don’t want to hire a software engineer or learn to code.