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Autochartist brokers are online brokerage firms that avail a software called Autochartist which provides real-time trade setups for all traders/clients.
Autochartist identifies charts and patterns automatically, analyzes the financial market and provides accurate trading opportunities to beginners, intermediate and expert traders. It is one of the most advanced tools in the financial market, and offers effective, adequate, and correct market analysis to financial institutions, firms, and traders at large.
This tool/software generally provides traders with a visual impression of market trends for better trading, saves time and carry out market analysis much faster, avails trade alerts with details of pros and cons that have a connection to market trends with the risk involved, and carries out a trade customized search.
You can take a look at our choice for the Best Forex brokers in order to get more details on various online financial brokerage firms that provide financial trading services.
Table of contents
What is Autochartist?
An Autochartist is a dedicated trading software that eliminates the stress involved in self-recognition of trade patterns. It identifies trade patterns, market trends, and perform various technical analysis functions.
This software is the most popular automated chart and pattern analysis tool made available to traders for the trade of financial securities. The Autochartist headquarter is based in Cyprus and partners with Metaquotes and Econoday.
This trading tool (Autochartist) provides technical analysis for its users, scans a wide range of trading instruments in real-time, and carries out an automatic identification of chart patterns in such a way that users never miss trade opportunities.
It gives traders the ability to focus on trades by eliminating market noise and highlighting currency pairs, trading data intervals, and major technical indicators that portray important financial market events.
Hence, an Autochartist gives investors and users the ability to monitor financial instruments automatically.
Top 10 Best Autochartist forex brokers (2022)
There is a wide range of online brokerage firms that provides Autochartist trading tool to traders and users at large. Among them, a list of the 10 best financial trading service providers will be introduced below.
Round-up of the best Autochartist brokers
The bellow consists of a table that comprises the ten best Autochartist brokers.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money
|Minimum deposit||Autochartist MT4||Autochartist MT5||Free Autochartist|
How to pick an Autochartist broker
- One of the major prerequisites to consider choosing the best forex broker is to make sure it offers MetaTrader 4 and/or MetaTrader 5 trading platforms.
- Make sure the intending broker is regulated and licensed by a trading regulatory agent and shows records of reliability and transparency.
- Make sure that as a trader, you sign up with an Autochartist broker to fits your trading style. If you are a day trader, go for one that supports day trading and has sophisticated tools and platforms that encourage day trading.
- When choosing an Autochartist broker, look out for the features of their trading accounts. Check out for possible limitations and fee charges.
- As a trader, try to sign-up with brokers who offer tight and low spreads.
- Also, look out for flexible trading features like Algo-trading services for trade automation.
How to start trading with Autochartist
- Autochartist can be installed/programmed into MetaTrader 4 and MetaTrader 5.
- As a trader, you need to consider that an Autochartist is not listed on a broker’s proprietary platforms.
- Most Autochartist is offered free of charge. Once you are a registered trader and own a live trading account, you may already have the software for free.
- Since every MT4 and MT5 broker may be offering the possibility to use Autochartist, then we strongly suggest you to directly check our top 10 best MT4 brokers choice
- Alternatively, if you’re interested in trading real assets rather than CFDs, then you should give priority to the best MT5 forex brokers.
How to Install your Autochartist
- The first step to installing your Autochartist is to contact your broker and get the installation file and login details for the MetaTrader platform.
- Install the MetaTrader platform, MT4 or MT5.
- After installation, login to the MetaTrader account.
- Click on File in the menu bar, then click on “Login to Trade Account“.
- Enter your login credentials made available by the broker then click on login.
- Automatically, the Installer will determine all valid installations of the chosen MetaTrader and display them in a list. Tick the check box next to each MT4 or MT5 platform you wish to install this plugin for.
- If as a user, you are installing Autochartist MetaTrader Plugin as a broker-user, enter your email address then click on Save.
- An Autochartist is designed to help traders. It facilitates trading by eliminating the stress involved in self-market analysis and provides a detailed report of opportunities.
- With an Autochartist, traders get timely reports of market movements and opportunities as alerts every 15 minutes.
- An Autochartist can be used for trading all broker-supported financial instruments.
- The software carries out an automatic scan of the financial market on behalf of the trader/user.
- An Autochartist has an in-built visual indicator that gives traders the ability to identify patterns.
- It saves traders a huge amount of time, it automatically carries out technical market analysis.
Pros and cons of Trading with Autochartist
- Traders, investors, and users have access to extensive educational materials provided directly on the Autochartist website.
- As mentioned earlier, an Autochartist carries out automated market analysis thereby saving a huge amount of time.
- An Autochartist can be used for trading all broker-supported financial assets.
- The software can easily spot market opportunities round the clock.
- Beginners and novices will totally depend on the Autochartist for technical analysis. They will totally ignore the benefits of trading education and how to scan the market for opportunities themselves.
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