The MetaTrader 4 a highly-sophisticated platform that many traders around the world use to make their trading activities easier and more efficient.
It is primarily designed for forex trading, but you can still effectively use it to trade many different kinds of financial instruments like stocks, bonds, and commodities.
Now, it is widely-used and popular for good reasons. Many brokers offer trading platforms that traders can use to better conduct their trades and investing activities. It goes without saying that many brokers offer the MT4 platform to those who want to make the most out of their trades.
Let’s see the benefits of using the MetaTrader 4 platform for your trades!
Professional yet Easy User Interface
The logic behind MetaTrader 4’s logic is very complex, owing to the plethora of functions and features that it brings to clients. Such functions and features are designed to make the trader’s activities easier and faster.
It looks professional, and at the same time easy to use. The platform’s design is pretty straightforward that even true beginners in the world of trading can quickly understand how it works.
Pre-loaded Charts and Indicators
Many brokers offer the MetaTrader 4 along with many pre-loaded technical charts, tools, and indicators. These help the trader track the market and price movements more easily and much faster.
Charts and indicators are very important for traders, especially if the trader spends much time scrutinizing the market and interpreting signals after signals.
Another key feature is that you can load other types of charts and indicators of your preference on top of the pre-loaded charts and indicators. This means that if you think you need another chart or indicator to properly analyse the market behaviour, you won’t have to be limited to what the platform already sports.
Available on Different Devices
Not all traders have the luxury to stay at home and stare at multiple monitors to track price movements and market behaviours. Others can only spend a couple of hours or so to trading.
And many others have full-time jobs or businesses that they have to attend to, making trading an additional squeeze into their busy schedule. They’re always on the go, and they can’t possibly go back to trading every now and then.
The MetaTrader 4 platform solves this problem since it can be installed to any kind of mobile device. You can install it on your phone, tablet, laptop, etc, as long as they have the compatible system required. It can be used on devices powered by either Android operating system or iOS. It can also run on Windows and MacOS.
This convenience benefit traders in many ways. But the seeming most important benefit is allowing the trader—you—to keep track of the market and not miss any kind of trading signal. You can carry it anywhere you like as long as you have internet connection.
The MetaTrader 5
Meanwhile, the MetaTrader 4 isn’t the only MetaTrader platform you can choose. There is a more sophisticated platform that more and more brokers now offer to their clients. And it is the MetaTrader 5.
The difference between the MetaTrader 5 and its predecessor is that the MetaTrader 5 is designed not only for forex trading but also for other types of financials instrument.
Still, many traders and brokers choose the MT4 because of its proven performance and convenience.