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WTF Is MetaTrader4?! Trading Binary Options Profitably on it...
ladies and gentlemen welcome to the next episode of the tribal effects series now if you're a new customer welcome if you're an exciting customer ID like what you see make sure you smash the hell out of that like button click and subscribe make sure you hit that little bell I could so you never miss a update guys I promise you you will not be disappointed if you thought about already you are beautiful people sit back and enjoy the show right – beautiful so now that we know what binary options are and we know what binary options brokers are we can move on to the next step which is what their is meta trader now meta trader is a program that essentially takes all of the data from your meta trader broker we'll call it that for the time being and displays it graphically in a chart for you to interpret for you – for your indicators to mathematically calculate what's going to be happening but for the time being forex brokers that provides meta trader accounts and indicators are going to be covered in another video I know you guys don't like too much in one video so as I said before I'm just going to do one question at a time explaining it as well as I can give it to you know simple bite sized pieces but yeah so basically meta trainer is a program that takes the data from exchanged pairs as we could see on the Left tier it's pretty much got everyone in the world and it displays the exchange rate graphically in pips which is the the percentage of price movement and so that's about it now this is gonna be the sort of fundamental basic of your operate they're the sort of the basic or the fundamental sorry piece of software for your operation now what this allows you to do is is it allows you to put different indicators different it to interpret the data and the graph in as many ways as you possibly want to the limits are endless now what we offer a tribal effects is an indicator that shows you and pretty much tells you when to trade so for instance we already know that at this point in time here if we placed a down trade and if we place to put we're on a 15-minute chart so let's say a four-hour and it was down in four hours we'd win the money now on Metatrader there is so many guides on how to use it I'm not really going to go into how to use Metatrader I'm pretty much gonna leave that up to you guys because it is isn't really that hard so for instance all we've got now is we've got AUD versus USD now I mean when you're going into different types of we're going to go into candles Japanese candlesticks online graphs in a different episodes I'm not going to cover without overwhelm all of you guys but basically you pick a you pick a currency we could be using Japanese candlesticks this demonstration and you can either view each one in a minute intervals 5 minute 15 hour blah blah blah blah blah and but as I said it all it is is a program to graphically display currency exchange data now ignore these two lines here I've just done a short on on Forex because we've couldn't get to see here if we go to an hour one if we sort of do a bit of back 10 I'm a bit of top-down analysis we can seen it we've got some really nice support and resistance and I've literally just saw that as I was waiting to do this video but we're going to be covering support resistance lines in another video hopefully that turns out alright but basically yes that's all meta trader is meta trader is a piece of software which is going to be the fundamental basics of everything that you're going to be doing you can use metatrader5 you can use a ninja trader but personally I prefer meta trader because the programming language in it is so much easier and MQL for it makes more sense as bit beat like python in some respects but that's base it for what is Metatrader now there is a lot of categories underneath that but as I said we'll discuss them in another episode how to download it weren't for sort of forex brokers to go for all that sort of good stuff so yeah if you want to have a look around I definitely recommend having look around on YouTube or if you don't know how to use it or or some more information on it but basically that's all it is and that that's really it um so yeah stay tuned we can have some more videos on on sort of the best broke the best brokers to use for meThe trader and we're talking about things like and a server speeds the ping the rate at which the the graphs update we'll be talking about indicators on the charts rumors about how to insert indicators mainly are in tribal effectors indicators so yeah that's basically this is what Metatrader is this what it looks like it is just a graphical representation of the foreign exchange market and that is about it so as always guys have a great day and I will see you in the next episode bye bye












