MetaTrader 4, or MT4, is the world’s most popular trading platform for trading financial assets online. The MT4 has become one of the leading platforms for forex trading. In this article, we’ll explore who developed MetaTrader 4, highlight the main features of the MT4 platform, and explain why many consider it a popular trading platform.
About MetaTrader 4
MetaTrader 4 was developed by MetaQuotes Software in 2005. The platform is widely used by retail traders to trade forex and analyse the financial markets. It provides real-time rates on currencies, and traders can place orders and manage positions. The platform is also user friendly and offers highly customisable web and mobile platforms to suit all trading styles and level of experience.
What makes MetaTrader 4 a popular trading platform?
The MT4 trading platform provides all the essential tools for successful online trading.
User-friendly interface
Due to its simple interface, the MT4 platform is suitable for traders of all levels. Its robust functionality allows easy access to relevant features such as prices, indicators and charts.
Reliability
A key feature of the MT4 trading platform is its stable performance. Tested by hundreds of thousands of traders over many years, the platform has established itself as a reliable choice as traders know that even a short period of downtime can affect their profitability
Expert Advisors
One of the most significant innovations of the MT4 platform was the introduction of Expert Advisors. These allow traders to automate their trading processes, enabling them to develop, test and implement trading strategies and technical indicators on the platform.
MetaTrader 4 Mobile trading
Traders can easily download MT4 on Windows, Android and any web browser in just a few simple steps. By logging in to their trading account, they can manage their positions on their mobile device anywhere, anytime.
The MetaTrader 4 download option allows traders to conveniently download and install the platform, giving them the choice to log in with an existing account or open a new one.
Metatrader 4 trading system
The MT4 trading platform supports 3 trade execution modes (instant, request and market) as well as 2 market orders, 4 pending orders, 2 stop orders, and a trailing stop function. Traders can send orders directly from the chart with a single click. The built-in tick chart feature an accurate way to identify entry and exit points. The feature-rich environment of MT4 allows traders to use a variety of trading strategies in the forex market.
MT4 analytics
One of the MT4 platform’s strongest features is its analytical functions. MT4’s technical analysis tools include 30 built-in technical indicators and 24 graphic objects. Traders can identify trends and determine entry and exit points with the help of these tools.
Metatrader 4 algorithmic trading
Algorithmic trading, or automated trading, is one of MT4’s most powerful features. It allows trading with Expert Advisors (EAs), or automated trading robots. Trading robots are programs that execute trades based on technical signals.
EAs are implemented based on predefined criteria, allowing for the execution of larger and faster volumes of trades than any person could manage. There are many reasons why automated trading appeals to traders.
Emotions are eliminated
Automated trading removes the human factor from trading, so eliminates the emotional factor which can negatively affect trading decisions.
24/7 market analysis
Expert Advisors can also analyse the markets 24/7, regardless of the location of trading sessions or the time of day.
Risk management
Automated trading can also be integrated into your risk management strategy by adopting specific rules or criteria by which trade automation takes place.
Real-time monitoring
Automated trading also enables real-time monitoring of market conditions, including notifications that allow traders to respond quickly to market fluctuations.
Backtesting
Backtesting can be used by traders to evaluate the effectiveness of various trading ideas. The technique tests a trading strategy on previous time periods by applying trading rules to historical market data. Therefore, traders can evaluate and improve trading ideas, which they can implement in their trading.
Metatrader 4 Real-time alerts and news
One of the most important parts of trading is staying ahead of market news and announcements as these often influence price movements and cause unexpected market volatility. Being aware of global financial news helps you make more informed trading decisions. The MetaTrader 4 trading platform provides economic news and alert tools so that traders can speculate more accurately or forecast currency exchange rates.
Furthermore, MT4 also allows traders to set up alerts for specific trading conditions. When these conditions are met, the platform sends notifications by sound or an email.
Additionally, traders can enable SMS or push notifications on their mobile phone, adding an extra layer of convenience and ensuring they stay informed and ready to respond promptly to market changes.
Open a demo trading account
To discover why MetaTrader 4 is one of the best trading platforms for online trading, sign up for a demo trading account. A demo account is an excellent way to practice executing trades using all the tools available on the platform.
You can test the analytical tools, set up alerts, and use the automated trading feature. By using virtual funds, you can familiarise yourself with the MT4 platform without risking your own money. In this way, you can gain as much practice or experience as you need before you decide to move to live trading.
Simulated trading environment:
A demo trading account provides you with a simulated trading environment where you can practice executing trades using virtual funds. Since you don’t have to use your own money, you have peace of mind knowing you won’t lose any real money.
Regardless of the outcome of trades in the demo trading account, your actual funds are secure.
Test different strategies:
A demo account allows you to test different trading strategies, no matter how complex they are, and analyse their performance. You’ll be able to identify key strengths and potential weaknesses, providing valuable data for when you transition to a live trading environment.
Learn technical analysis:
For beginner traders, a demo trading account offers a risk-free environment where they can practice their strategies and improve their skills without risking real money.
Beginners can familiarise themselves with technical analysis tools to be able to make more informed trading decisions, while experienced traders can test new strategies or refine their skills and expertise.
A demo account is a valuable tool for traders of all levels to improve their decision-making and increase their potential to make profits in the real trading environment.
Why trade with T4Trade?
T4Trade is a leading broker with a global client base. The broker offers traders access to the world’s most popular financial markets, including shares, forex, metals, commodities, indices, and futures.
Traders can choose from a range of trading accounts that best fit their trading requirements. They can also take advantage of competitive spreads, flexible leverage, and fast execution, among other features. The T4Trade Academy also provides traders with a wealth of educational resources to enhance their trading knowledge, improve their skills and increase confidence.
Disclaimer: This material is for general informational and educational purposes only and should not be considered investment advice or an investment recommendation. T4Trade is not responsible for any data provided by third parties referenced or hyperlinked in this communication.
