MetaTrader 4 or MT4 is an advanced software that allows you to do online trading by providing a brokerage service to customers in the Forex, CFD and Futures markets.
To be used you need to choose a broker and open a free or real demo account to start practicing.
In this article you can find information on Metatrader 4 and download the version in your language.
It is important to choose an authorized and well-known broker that has been operating for years on the market to avoid problems with the withdrawal of money.
About Metatrader 4:
In the field of Forex investments, the most used software is the MetaTrader 4 trading platform, a market standard and is used by hundreds of brokers all over the world.
The MT4 platform offers advanced technology and increased security so that the trader can open and close trading without having to worry about the stability of the platform used. Over fifty technical indicators are included in the platform.
MT4 offers the user nine different time settings (timeframes) and three different times for each chart, in this way a trader has the ability to monitor the market with precision, allowing the entry and exit from the market with precise timing.
Some advantages offered by the MetaTrader 4 Forex platform
* User experience
user-friendly interface, which allows new and experienced traders to trade in the forex market with ease. Traders of all levels find this platform easy to use, after an initial phase of learning. There is also a mobile version that allows you to access your MetaTrader platform anywhere.
* Graphs
In addition to the MT4’s advanced and easy-to-use trading capabilities, the platform also offers advanced charting capabilities. You can change the colors and styles of the charts and even load preset templates to reflect your personal preferences. This makes the charts easier to read and since you can remove features that do not interest you, your focus will be on your personal priorities.
* Communication with the broker
the MT4 platform also incorporates advanced communication tools for brokers to send messages and communicate with their traders in real time. This obviously prevents the need for long and complicated discussions via e-mail and makes the trader’s experience much easier. MT5 also allows attachments to these e-mails.
* Tongue
Users from all over the world can benefit from the MT4 platform in their own language, a wide range of languages is available.
* Expert consultants (Expert Advisors)
This is a very popular and important feature in MT4. Expert consultants allow traders to automate their operations with a custom EA that best fits their needs. There are also numerous EAs on sale that can automatically execute investments in the market. The success and popularity of this MetaTrader platform is largely based on the possibility of algorithmic trading.
* Low use of resources
Unlike other platforms, the MT4 platform uses few system resources. This allows the platform to react faster, allowing traders to respond immediately.
* User Profiles
users can view account information from the mt4 interface. Some details available include account balance, trading history, login details and password information. You can organize windows and graphs for each profile in an easy-to-follow way and so you can quickly switch between profiles.
* Security
when you need to make investments and use sensitive and private data, you are guaranteed to be in no danger of hacking attacks on the forex account. MT4 is an extremely secure platform that encrypts data between traders and servers with a 129-bit key. The trader’s IP address is also completely hidden.
* Flexibility
the MT4 platform was designed to support all currency pairs and to also trade other markets such as commodities, futures, stocks and shares.
* Customization
the MT4 platform supports full customization capabilities, so that the trader can customize the platform to meet their trading needs. This includes the ability to develop its expert consultants and technical indicators using MT4’s advanced MQL programming language and provides a dedicated editor. The codes written for MT4 are not compatible with MT5, this is a critical factor when choosing to switch from one platform to another.
In conclusion:
As we said, the MT4 platform has become a market standard and there are valid reasons for this. It is the most advanced and reliable Forex trading platform available on the market, and also with its complex and advanced features, the user interface is friendly and intuitive, making it an attractive option for new and experienced Forex traders.
MT4 is the most popular trading platform in the world.