Technological developments have changed the way trade is conducted. If in the past everything could be done by telephone, now it has changed along with the advancement of world technology. Commodity trading transactions started on the computer for many years after only by telephone. Mobile devices such as smartphones and tablets later took their place in business. MetaTrader 4 The most popular professional software for trading Forex ever available.
Everything you need for trading MT4 has all the tools you need to be successful in Forex trading.
- Great technical features
- DowJines news and market alerts
- MQL language for creating trading robots
- Extensive technical indicators
Metatrader 4 which is also often referred to as MT4 is the world’s most popular online trading platform for trading forex, CFDs, commodities, and indices. This software was developed by the company Metaquotes and was first launched in 2005. In this case, Metaquotes does not open its own brokerage service, but sells licenses and rents servers for the use of Metatrader 4 to forex brokers.
Metatrader 4 managed to become the favorite online trading platform for the top 10 forex brokers in the world, because it offers a lot of convenience for traders. Metatrader 4 is also available in the form of software for desktop (PC/Laptop) and mobile applications (Android/iPhone), so it can be used with almost all gadgets commonly owned by traders.
MT4 functions similar to desktop computer platforms
The mobile application present on your smartphone or tablet has attracted more and more investors to join online trading. This is especially true for those who have refused to trade due to the constant need to be at the computer. The mobile trading platform provides a variety of tools to facilitate common trades that have been made with a computer. Although there are still some disadvantages compared to computers, the guarantee of being able to monitor trades and the market can still be done and this is something that is very important for traders. The MT4 application, for example, has provided many advantages such as real-time quotes. Therefore, traders can make investment decisions faster. Coupled with various types of charts including interactive charts, of course, this makes it easier for traders to analyze. There are more than 30 technical indicators on MT4 with a trading history. Traders can access a lot of studies and data in a short amount of time. So, traders can monitor the latest developments just by looking at their smartphones or tablet.
They don’t have to worry about sitting quietly in front of the computer watching every price movement so that it can affect other businesses. Even those who travel a lot can also make trades that so far can only be done in front of a computer. For those who are busy and always on the move, mobile trading platforms and commodity apps are like magic.
Metatrader 4 software functions for Traders
You also need to know the various functions of the Client Terminal that are used directly by traders. The Client Terminal functions include:
- Conduct Buy or Sell transactions, in Instant Execution, Market Execution, or Pending Orders.
- Close trade positions that have been opened, manually or by applying Stop Orders and Trailing Stops.
- View trading history and find out the condition of the account balance.
- Double security through passwords and encrypted transactions.
- Write and implement scripts for automated trading (Forex Trading Robots) based on the MQL4 programming language.
Metatrader 4 is the first online trading platform sold to retail traders and allows the implementation of automated trading (Trading Robots). This is one of the factors that have made him liked all over the world. Although Metaquotes has released a more sophisticated Metatrader 5, this new software uses a different programming language (MQL5). Traders who already feel comfortable using Metatrader 4 are certainly reluctant to switch to Metatrader 5 because they have to rewrite the robot script. fxtm review also takes advantage of the advantages of this modern technology. The FXTM MT4 is an example of a popular platform among brokers and traders and has been used by them since its inception.
