Transacting with the forex market can be very overwhelming. Luckily, forex traders have a trading platform to help them navigate around the markets. Perhaps the most popular for them is the MetaTrader4 or MT4 trading platform.
Traders from around the world generally consider the MT4 as the industry standard when it comes trading platforms.
This trading platform is extremely user-friendly, meaning anyone can use it with ease.
Even new traders can trade with the convoluted forex markets with ease and comfort. The interface is professional yet very easy to understand. You have all the buttons you need to initiate and execute a trade.
Traders who are always on the go also have the choice to use the MT4 trading platform anytime anywhere.
It proves to be a great convenience to perform your trading activities even when you’re outside and dealing with other things.
You can download the platform on your mobile device and it’s generally compatible with all operating systems, be it Android or iOS.
The platform doesn’t only let you buy or sell assets quickly and on-the-go. It also helps traders in terms of their technical analysis and charting capabilities.
It comes with pre-built charting tools that let you analyze the aspects of the market. If you’re a bit picky with the design, you may even change the colors and styles of the charts.
You may also load presets that will suit your personal preferences. Since you can customize the charts to your preference, you can focus on the trading activity itself.
Another very popular and important feature of the MT4 platform is its Expert Advisors function. Expert advisors let traders automate their trades.
They may even customize the Expert Advisors to fit their needs and personal preferences. This function is a great help when it comes to creating and executing trading plans.
Also, the massive popularity of the MT4 trading platform can be largely attribute to its algorithmic and automated trading feature.
The MT4 platform also has advanced communication features for brokers and clients. They may exchange messages in real time.
That means you can save yourself from long and sometimes complicated email threads. It makes the experience of receiving broker services much, much simpler.
Another ultra-important aspect of the MT4 trading platform is its security.
Of course, forex trading involves the use of real money and you don’t want to be at risk of hackings and other similar kinds of attacks. You want to secure your account, password, and access details.
The MT4 platform is highly secure in that it encrypts the data between the trader and the user. Your IP address is also completely hidden.
And last but not the least, its global popularity ensures that you will get full support whenever you’re using the platform.
If you encounter any problem or having trouble understanding how the platform works, your broker or any other trader will be able to help you out.