About 7-8 years ago when I started using Metatrader, using Linux was just an impossible dream. The Linux operating system, which was developed through the collaboration of many people around the world, is a product of the Internet and is a free operating system. If Metatrader opens in your Linux machine, then you’re in luck. Linux is free after all and that was the inspiration for many other open source software packages that we all love today, Googles Android OS and WordPress among the most remarkable. Many other versions of Linux just failed miserably.
A few months ago after upgrading to Ubuntu 12.04 version I tried Metatrader running with the latest version of Wine, version 1.4. This is the logical choice for the deployment of Ubuntu 10.04 LTS version. Consult an experienced professional for advice in deploying LTSP with Ubuntu Linux. LTSP is integrated into Ubuntu 11.04 and earlier versions. VDI with Ubuntu Linux eliminates the maintenance of office equipment, and reduces the number of hard drives in your computer fingerprint. Besides the minimal support you will find from your broker and developers (they are mostly into Windows) there are other challenges that may arise when using Metatrader 4 with Linux.
The biggest challenge is that there is just no guarantee that MT 4 will work 100% of the time. I’ve used Mt 4 on other flavors of Linux for several years. Puppy Linux and Ubuntu Linux worked great. Many other versions of Linux just failed miserably. I personally just opted to try various Linux versions until I found one that worked.
There are glitches that occur from time to time, it just comes with the benefits of not having to use Windows to run Metatrader. To run the application as native Windows Metatrader 4, the most effective way is to use an open source application called wine. It worked well for me, the degradation does not affect the functionality of Metatrader 4 whatsoever and I was able to run other Windows applications. Mine shows version 1.4 of Wine. In previous versions of wine, I had to work hard to get Metatrader to run properly. Usually, there is a delay before Metatrader opens, so be sure to wait a few moments.
Linux-based computers, particularly the Linux desktop still represent only 2% of all computers out there in the world. Virtual desktop infrastructure with Ubuntu Linux is ideal for all those who are concerned about security of WAN based VDI. It also makes it easy to switch between Windows if you have other software applications that only run on Windows.
Ubuntu/Wine/Metatrader can be a great combination, but watch out for updates from your broker. Be sure to make backups as new updates can break your system. Again, using a virtual machine is always a good idea.
Being a big Open Source advocate, I have been looking to use Linux in the finance side of my life. There are literally hundreds of financial software packages available now that will run on Linux. And with the release of Adobe Air, I can now run newer Adobe Air software using the Air platform. It’s really cool and really opens up the possibilities!
Personal Finance – You Need A Budget (YNAB)
You Need A Budget is not a free software, but it is a great program and has great support. It was written by Jesse Meechem who is a frugality expert and has added much more than a checkbook and account manager. YNAB also sports a neat budgeting interface for those who want to follows Jesse’s teachings to the letter, which is pay yourself first and live within your means. His budgeting system takes a lot of guesswork out of doing the math yourself in Excel or Google docs and the program doesn’t require updates every year like Quicken. For $60, I like it and have used it for the last 5 years. There is a free trial and I think the software costs around $60.
Personal Finance – AceMoney
AceMoney is a made for Linux application and can track your accounts, perform budgeting and do eCommerce transactions. It has a lot of reports and supports different file formats for upload, a nice feature. It also supports currencies and automatically downloads exchange rates using the Internet. AceMoney costs $30, but you can use a free 30 day trial to check it out.
Personal Finance –PLCash
PLCash by Paula Lutus is a free personal finance software written for Linux. It provides support for tracking your investments, general banking (but no online banking support) and will do reconciliations. It’s a good, free general purpose money manager software. Did I mention that it is free?
Personal Finance –GNUCash
GNUCash is a fully Open Source personal finance software. Since it is released under the GNU, you can run it on just about any flavor of Linux. It used double entry accounting method, and could be used for a small business as well as personal finance. It does multiple accounts, investments, and has a number of reports. It also can import and export multiple file formats, and has a very intuitive interface. It supports QIF, OFX and HBCI imports and TXF exports for import into a tax program.
Personal Finance –MoneyDance
MoneyDance is very full-featured software, though it is proprietary and costs $40. It does run on Linux, as well as Windows. It supports all the normal finance stuff, plus it can do online banking and bill payment. Another feature I like is the scheduled/recurring payments, which I use a lot with YNAB. One downside, MoneyDance does require Java. However, it’s not a hassle, because you can get a version with Java already packaged with the install. Just have to deal with the daily updates. (I hate that)
So there you have it, 5 ready to rock personal finance packages. Try one out, I’m sure you will like them.
Unlike Windows operating systems that come with a high price tag, Linux does not cost anything and configuration of Linux is fairly easy. Linux is one of the operating systems most popular there after the Windows family. Linux is one of the operating systems most popular there after the Windows family. Here are the top seven Linux operating systems for the year 2013. A virtual machine allows users to run another operating system within their primary operating system.
Linux Mint, based on Ubuntu is a distribution such. Many popular Linux distributions, including Ubuntu, have integrated method of using a live CD to test the distribution for a long time. Ubuntu and PCLinuxOS allow beginners to use Linux without requiring a steep learning curve to produce results. (more…)