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MetaTrader4
MetaTrader4
(MT4) is another entry in the long line of well established forex trading platforms designed by the company, MetaQuotes Software. Version 4, in particular, has become widely accepted by forex traders, especially those who automate their trading with MT4’s Expert Advisor (EA) component. As a result, many forex brokers have opted to offer MT4 to their clients. MT4 is considered by many traders as the best forex trading software in the world today. The following is a list of 4 major advantages on how MT4 has come to earn this reputation. - Robust Technical Analysis Tool:
MT4 provides you with real-time currency rate information. In addition, it helps you analyze this data in the form of charts and statistical indicators, in up to 9 different time frames.
- Easy-To-Use Interface:
If your trading software provides a trade execution interface that's not very intuitive, you might find yourself being a second too late or even making the wrong trade altogether. MT4's trading terminal is designed in a very simple way, which makes the user interface extremely convenient for you to execute trades.
- Expert Advisors:
MT4 allows traders to automate their trading plans through its Expert Advisor builder. Knowledge of the MetaQuotes 4 (MQL4) programming language is required to develop such automated forex robot software, but it's relatively easy to learn.
- Custom Technical Indicators:
MT4 offers a high degree of customization. Using MQL4, you can create your own custom Metatrader indicators. You can also choose from over 50 built-in technical indicators to help you analyze price action.
The above four aspects of MT4 set it apart from other trading platforms in the market today. Best of all, it's free!
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