What is MetaTrader 4?
MetaTrader 4, commonly known as MT4 is the primary trading platform for the majority of brokers in the industry. In short, if you plan to trade forex or CFDs in stocks, commodities or even cryptocurrencies; MT4 is the perfect tool for the task at hand.
Even if it sounds complicated, the trading platform is no more than a software with a user-friendly interface that gives you access to the live market with your brokerage acting as a middleman. The trading platform provides you with a live price feed of all the assets you can trade, a chart of their historical and current performance and a range of other useful tools to help you make sense of the charts.
There are multiple trading platforms available but MetaTrader 4 is the platform of choice for most financial institutions and retail traders across the world. In fact, finding a broker that doesnโt offer MT4 as part of its trading platforms offering is a tall order indeed.
Aside from the fact that you will have a hard time finding a broker that offers its own proprietary trading platform, MetaTrader 4 has been running for more than 15 years now and no other platform can match it in terms of features and stability. Third-party support is excellent as well and brokers can even create their own MT4 plugins and indicators to offer their clients additional value for their patronage.
However, you will find that the platform already includes a set of useful technical indicators built-in and the marketplace provides even more for a small fee. The MT4 marketplace is a one-stop shop for several trading services including custom indicators, forex signals, eBooks and trading robots which can trade for you completely autonomously. Therefore, if you are a beginner trader, you can download MT4 and buy a trading robot to do your trading according to your own profit targets and risk tolerance.
Automated trading
Trading robots which are called Expert Advisors or EAs for short, are one of MT4โs most popular features and with trading automation taking over the industry by storm, we can see even more sophisticated and efficient trading bots being developed.
If you find trading robots arenโt for you but you still want someone more experienced to handle your trading, the MT4 platform also includes the forex signals service which comprises hundreds of traders willing to have you copy their trades automatically. The only thing you need to do is follow their account and pay a subscription fee which is set by the trader. In order to provide clarity and make your decision easier, the historical performance of each trader offering their forex signals as well as other useful information is readily available within the trading platform.
Additionally, the MetaTrader platform is completely customizable and almost all aspects of the interface and charts can be modified to make information easier to pick up at a glance as well as notify if you in case thereโs a price spike or an important news event coming up.
Portable and Mobile
For the traders on the move, the MetaTrader 4 mobile app is a great companion that can be utilized to check on your account and manage your positions when you are away from home. Regardless if you own an Android or iOS mobile or tablet, MT4 apps are available for all mobile phones and the best part is that they operate similarly to the desktop version of MT4 without losing too much functionality. A WebTrader version of the app is also available; through which you can login to your account from any device that has an internet browser.
Conclusion
The advanced and sophisticated features alongside an intuitive user-friendly interface have cemented MetaTrader 4 as the leading platform in the industry and with good reason. The trading platform can cater to the needs of traders of all experience levels and objectives and the built-in tools and solutions can be utilized to take your trading strategy to the next level.
If you are looking for the best trading platform to trade the financial markets, MT4 can handle the task without hassle while providing you with everything you need to monitor the prices, identify entry opportunities and minimize your exposure to risk. The platformโs built-in indicators and all-inclusive marketplace offers the best tools the industry has to offer and the reason why the majority of traders and brokers choose MT4 for all their trading activities.
