Metatrader 4, alternately known as MT4 remains one of the most popular Forex trading platforms among traders today. This Meta Trader platform is backed by a plethora of useful functionalities including advanced technical analysis and charting options and indicators. There are several other facilities available as well. This trading platform offers you the opportunity to trade with several currency pairs here. Plus, they provide multiple time frames and several add-ons to help you trade efficiently. Please go through the following post in a bid to unravel the benefits of the platform further.
Why is Mt4 such a popular platform today?
The platform facilitates advanced trading execution: Forex is a highly volatile market. Novice traders, as such, might often find themselves at their wit’s end while they are trading. However, MT4 is an advanced trading execution program which enables you trade comfortably- no matter what your level of skill as a trader is. The whole trading system is highly intuitive and none is required to possess complicated technical skills in a bid to operate on this platform.
The platform can be easily downloaded: It is incredibly easy to access; download/install and use Metatrader 4 (download it from Hantec Markets). You can get the platform installed in as many computers as you wish. It would only take around two or three minutes to get the platform in place (i.e. to set it up). Plus, getting a hang of how things work here will take you only three or four weeks.
Charting and technical indicators: If you are trading on the MT4 platform then you will have access to several high-end technical indicators including Ichimoku clouds, Stochastics as well as Bollinger Brands. The charting functionalities available on this platform are sophisticate and highly customizable. The facilities including the customization of analysis and the direct trading from the charts are a few of the functionalities which help traders analyze the technical facets of the market when they are still trading—thereby bolstering their trading opportunities.
MQL4: Meta Trader 4 is backed by its own language known as MQL4 which enables people with programming skills to work on custom indicators and automated trading strategies. You can also access multifarious automated programs which can aid you in performing several tasks including the creation of popup list, sending an e-mail etc.
Free Reports:
Trade with a demo account: The opportunity to trade with a demo account is one of the incredible features of this platform—but, then, almost each and every trading platform there out there offers you an opportunity to trade with a demo account. However, you usually end up getting NINETY days of free trial from brokers if you are using Mt4.
The Hot keys
The MT4 Hotkeys deserve special mention as one of the beneficial attributes of the platform. The hotkeys are combinations on your keyboards – which can be used to execute commands a lot faster than what would have been the case if you had used your mouse. The hotkeys can facilitate 60-second trading in a major way- with the help of which you can easily open and close trades in one minute thereby making faster money!
Click here to see the full size infographic
Guest Post by Jonny Pean