The MetaTrader 4 (MT4) is the most popular and most widespread platform for trading Forex worldwide. It was introduced in 2005 and constantly improved since then by the developers, trading software pioneer MetaQuotes Softwares Corp. The terminal is one of the most reliable ones in the industry and is known for its high security standards.
The MT4 is highly versatile and user-friendly, making it the ideal platform for beginners and experienced traders alike. The “Market Watch” window gives traders an overview over the current market prices for all available products.
Powerful charting options make trading on the MT4 convenient and easily accessible. Nine timeframes, from one minute to one month, are available to display currency price developments in charts and therefore enabling customers to analyze trends. Charts can be customized, allowing traders to keep an overview of the most important factors at any time.
In addition to this, MetaTrader 4 includes integrated One-Click trading directly from the chart.
With a whole variety of built-in technical indicators and Expert Advisors (EAs), MT4 users have access to high-level automated trading. Through a simple drag and drop, traders can add them to their charts. Indicators, such as Moving Averages, Parabolic SAR and Bollinger Bands, can help discover trends and detect turning points in the price movement. Expert Advisors, also called trading robots, are computer programs designed to analyze market data; they can process large amounts of information and produce trading signals. Both indicators and EAs can be customized, using MT4’s original programming language MQL4.
MetaTrader 4 outperforms most of the platforms in the easiness of placing the trades. Besides that, order execution in MT4 is extra fast.
Unlike other trading platforms, the MetaTraders 4 allows for locking positions: A trader might hold positions to buy and sell the same amount of the same currency at a time. Hedging positions like this allows clients to use enhanced trading strategies not available on other platforms.