What is MatchTrader and How Do I Use It?

What is MatchTrader?

MatchTrader is an advanced web-based and mobile trading platform designed specifically for traders. It provides a seamless and intuitive trading experience, giving you access to a variety of financial instruments, including forex, commodities, stocks, and cryptocurrencies. MatchTrader is built to display real-time market conditions, allowing you to trade using virtual capital during the Trading Challenge and hone your skills without risking real money.

Key Features of MatchTrader:

• Simulated Environment with Real-Time Data:
  Trade using virtual capital, ensuring you gain valuable practice without financial risk.
•  Real-Time Market Data:
  Monitor price movements as they happen, enabling you to make informed decisions based on current market conditions.
• Customizable Interface:
  MatchTrader offers a clean and user-friendly interface that you can personalize based on your preferences, including chart layouts, indicators, and risk management tools.
• Fast Execution:
  With lightning-fast execution speeds, you can make quick decisions and place trades without worrying about slippage or delays.

TradingView Charts:
You can also turn on TradingView charts within the MatchTrader platform if you prefer this layout for technical analysis. This is an advanced tool that allows traders to play around with charting instruments, graphs, candlesticks, and etc.

How Do I Access MatchTrader?

Traders at Pivex can access MatchTrader via desktop or mobile platforms (via web browser), giving you the flexibility to trade from anywhere.

1. Desktop (Web-Based Platform)

With the web-based platform, you can trade directly from your browser without needing to download or install any software. Simply log in to your MatchTrader account through Google Chrome, Mozilla Firefox, or Safari, and start trading. No installation required, and you can use the platform instantly.

Quick Tip: Use CTRL + M to quickly access the Market Hours feature, which shows the active trading times for different financial instruments.

2. Mobile (iOS and Android Apps)

You can also use the MatchTrader mobile app to trade directly from your smartphone or tablet. The app provides the same tools and features as the desktop version, with the added benefit of portability.

Benefits of Mobile Trading:

• On-the-go Trading: You can manage your positions and track market movements anywhere, anytime.
• Push Notifications: Receive real-time alerts on price movements, market events, and important updates.
• Seamless Syncing: Your settings and positions sync across devices, so you can start on your desktop and continue on your mobile app without losing progress.
  

Key Terms You’ll Encounter on MatchTrader

Here are a few key terms you should familiarize yourself with to ensure you get the most out of your trading experience on MatchTrader:

1. Order Types

Market Order: Buy or sell instantly at the best available price.
Limit Order: Buy or sell at a specific price or better.
Stop Loss: Automatically closes your position at a specific price to prevent further losses.

2. Leverage

Leverage allows you to control a larger position with less capital. For example, 10:1 leverage means you can control $10,000 worth of assets with only $1,000 in your account. While leverage can magnify profits, it also increases risk, so it should be used with caution.

3. Trading Indicators and Charts

Candlestick Charts: A common chart type showing open, high, low, and close prices for a set period.
Moving Averages: Used to smooth out price data and identify trends.
RSI (Relative Strength Index): A tool to measure whether an asset is overbought or oversold.

How to Use TradingView with MatchTrader

MatchTrader offers an optional feature that allows you to view TradingView charts within the platform. This gives you access to powerful charting and technical analysis tools, although please note that MatchTrader does not integrate directly with TradingView accounts. Here’s what you can do with TradingView charts:

• Custom Indicators: Add various indicators such as moving averages, RSI, and MACD to your charts for in-depth analysis.
• Live Price Feeds: Access real-time price data on the charts and execute trades directly from the chart interface.
• Chart Customization: Customize your chart to suit your trading style, whether you’re using candles, lines, or bars.
  

Getting Started with MatchTrader

Once you register with Pivex, you’ll receive your MatchTrader login credentials via email. Here’s what you’ll do next:

1. Log in to your MatchTrader account using your credentials sent to your email.

2. Set up your trading environment by customizing your chart preferences, adding indicators, and adjusting risk management tools.

3. Start trading by placing your first trade and practicing with real-time data in a simulated environment.

4. Track your progress using the MatchTrader dashboard to view your trading performance, balance, and profit/loss.

MatchTrader is a robust and versatile platform designed to give you the tools needed to succeed in the world of simulated trading. Whether you’re using it on your desktop or mobile, MatchTrader offers optional TradingView charts for enhanced charting and market analysis, providing you with a truly comprehensive trading experience.

If you need assistance with setting up your account or have any questions about using MatchTrader, feel free to reach out to our support team. We’re here to ensure you have the best possible trading experience with Pivex.

For more information, contact us at support@pivex.com. 

Happy trading!