Trading Forex with a Mac Computer

Filed under: Learn Forex Trading |

Screen shot 2013-01-29 at 10.28.44At present, trading forex is not exactly Mac friendly. The reasons for this, I don’t know, but if you have a Mac, there are some viable solutions to this problem.

 

Although there are some trading platforms that are available online regardless of what computer you are using, I would not recommend these online platforms at all. The most popular trading software for forex traders is Metatrader (MT4 or MT5). However, at the moment, Metatrader is available exclusively via the Window operating system, and cannot directly be installed in a Mac computer.

 

What I have been doing for well over a year now is to use a VPS (virtual private server) via my Mac computer. What this does is to connect your Mac computer to a private Windows based computer, allowing you to remotely access the Windows computer and use it as you wish. There is a very slight time delay when using a VPS, but other than that – it works very well and you can use Metatrader via your VPS. You can also transfer files to and from your VPS computer, so there are really no problems. The only downside is that it will cost you at least 10-15 pounds or more per month for the VPS computer, which you will have to consider being a trading cost (which can add up to around 180 pounds per year!).

 

Other options include Windows emulators in your Mac computer. Parallels may be an option, as is Wine; but they are difficult to set up, and the software can be unstable. However, Australian broker Go Markets do offer a ready setup MT4 Windows emulator for Mac, and it does work very well. Just install and off you go. This, I think, is currently the best option for Mac users wishing to use Metatrader.

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