MetaTrader 4, commonly referred to as MT4, is a widely used trading platform developed by MetaQuotes Software for the use in Forex, CFD, and futures trading. MT4 can be downloaded for free, and contains a variety of tools and resources that help traders analyze price, place trades, and even use automated trading strategies.
How to Setup Your MT4 Account
MetaTrader 4 is intuitive, easy to use, and arguably the most popular Forex and Cryptocurrency trading platform on the planet. Since it is used by traders and brokers alike, here’s a quick overview of MT4’s most powerful features.
1. User Experience
The MT4 interface is very user-friendly, and makes it easy for beginners and advanced traders to navigate the volatile currency markets with ease. MT4 comes with a mobile app that allows traders to manage their positions wherever they’re at.
No matter a trader’s location, users from over 100 different countries get to enjoy the advantages that come with using MT4 in their own language.
Even though it’s a great platform for beginners, MT4 comes with plenty of advanced charting capabilities. Trading instruments can be monitored side-by-side, and charts can be color-coded and fully-customized to match any trader’s style. MT4 comes with line, bar, and candlestick charts. It also offers hundreds of different technical trading indicators.
4. Expert Advisors
Export Advisors (EA’s) are an important and popular component of the MetaTrader platform. EA’s allow traders to automate their trading strategies and positions. The ability to turn a profitable system on autopilot with algorithmic trading is largely what has kept MT4 popular after so many years.
MT4 comes equipped with sophisticated communication tools that allows brokers to communicate directly with each client. This prevents the need for emails or long conversations with customer support,and makes the trading experience that much more immersive. MT4 users also receive real-time news and economic updates for every market sector.
Every MT4 and MT5 user gets free access to MQL5.com, which serves as a centralized hub for all things platform-related. Traders can find free and premium Expert Advisors, indicators, widgets, utilities, and a marketplace packed to the brim with signal providers. Anything purchased or downloaded can easily be added onto your own MT4 terminal for a fully customized trading experience.
The MT4 platform has quickly become the market standard for Forex and Cryptocurrency trading, and as evident, there’s a number of good reasons for that fact.
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