The Meta Trader 4 platform is a trusted and popular trading platform all over the world. MT4 is so widely used by millions of Forex traders that it is becoming the benchmark for online Forex trading. The MT4 platform was developed in 2005 by MetaQuotes Software Corp.
It is a multi-asset trading platform where you can trade currencies, CFDs, commodities, stocks, and indices. For years, leading brokers have been offering Meta Trader 4 to their clients as an alternative to their trading platform.
Meta Trader 4 offers advanced analytics, multi-device support, and auto trading features. In addition, the system has a user-friendly interface and offers many options for all levels of operator skill and experience.
The four most important benefits of Meta Trader 4 in forex trading
1. Access to market prices and liquidity in real time
Meta Trader 4 allows traders to access live exchange rates and trade. Currencies and other securities the brokers wish to trade—including FXTM (ForexTime) in Malaysia—are listed in the Market Watch window. In addition to stock symbols, trading offers are also displayed in real time.
Traders can also use this window to view all other details like margin, contract size, currency margin, and margin percentage. In addition, the “market depth” feature notifies traders in real time of market activity. For example, you can see the number of buy or sell orders for currency pairs with different prices in the Market Depth section.
Gives you an idea of the market sentiment. If the information indicates that supply-side liquidity is greater than supply-side liquidity, the overall trend of the currency pair can be considered high.
In general, when the liquidity is higher, orders are more likely to be executed at the current price. This can be important for short-term trading strategies such as scalping.
2. Technical and basic analytical tools at all levels
With a wide range of technical indicators and built-in charting functions, Meta Trader 4 offers comprehensive price analysis tools. More than 30 technical indicators are integrated into the platform, including major trend and volume tools such as MACD (Moving Divergence Convergence), RSI (Relative Strength Index) and Volume Balance (OBV), Fibonacci retracements and more.
Traders can view an unlimited number of charts simultaneously, and each currency pair can be viewed at 9 different time periods, ranging from one minute to monthly intervals. You can get additional charts from the MQL4 community, and many traders also create their own indicators.
With detailed analysis of charts, math tools, and drawing objects, traders can analyze price activity of any complexity. In addition, these graphics are fully customizable to suit the needs of each operator. They can be registered under different seller profiles.
Traders can predict price movements, identify support and resistance levels, set entry and exit points, and set stop-loss levels directly from the chart. Alerts can be set based on the disclosure of important economic data or financial news. In addition, traders have the ability to customize access to data relevant to a specific market.
3. Various trade orders for high flexibility
There are different types of trading orders and execution modes that allow traders to create and implement the strategies they want. Meta Trader 4 allows two market orders and four types of pending orders. In addition, three types of trading modes provide traders with flexibility.
A risk management strategy is essential to successful Forex trading. There are two types of stop orders in Meta Trader 4: take profit and stop to reduce the risk of a fall.
A stop-loss order automatically closes a position when the market moves the opposite of the forecast. Thanks to Take-Profit, a trader can set the desired profit level and close the position when the price reaches a predetermined level.
Placing such an order is very easy. Commands can be run directly from the diagram or from the “Toolbar” window. They can also be easily deleted and edited. The wide range of order types makes Meta Trader 4 attractive to traders of all styles.
4. Strong security and high stability for your safety
Meta Trader 4 is considered a stable and highly secure platform. The data exchange between the client terminal and the server is encrypted with a 129-bit key, and the platform also supports RSA digital signatures.
The entrepreneur’s IP address is also hidden. All these features allow traders to make moneyMeta Trader 4, a Multi-asset Trading Platform That Offers Many Benefits transactions in a safe environment. You can be sure that your trading account is safe from criminals in the online world.
High trading speed and platform stability allow traders to trade with minimal negativity. Traders can access MT4 from a variety of devices, including smartphones, tablets, and desktops, so they can trade on the go.
The mobile version has all the features of the desktop version, including interactive charts, comprehensive controls, and technical analysis tools.
The Mobile MT4 also offers additional features such as push notifications and chat features. In short, the Meta Trader 4 platform is perfect for young market makers who love today’s devices.