Metatrader4 platform: All you need to know

1. Metatrader4 Platform Metatrader4 platform: All you need to know In the world of the forex market, you will find that there are certain characteristics that you must understand to have a better knowledge about the market, this will help you in your journey. Among one of the things you should know, we have the different platforms that brokers usually use to work, and without a doubt, one of the most important and most famous is metatrader4. In one of our latest articles, we mentioned that there is some Forex trading equipment that we need to start in the trading world, and that one of them is without a doubt, a trading platform. Normally, the quality of a platform becomes a criterion that customers use when selecting the broker that best suits them. Then, the agent is interested in making the platform they use as easy to use and, of course, as reliable as possible. What is Metatrader4? MetaTrader 4 is a commercial platform that was developed by MetaQuotes Software aimed at the public of online commerce in the forex market, as well as in contracts for differences (CFD) and futures markets. This platform is usually known as MT4 and can be downloaded without charge directly from the MetaQuotes website and of course, also through dozens of online forex brokers. MT4 is also responsible for providing tools and resources that allow operators to analyze the price and manage operations, as well as the opportunity to use automated trading techniques.

2. MetaTrader 4 has become one of the most complete platforms that can be found in the market since it provides traders with various things that are very helpful at the time of the trade, such as analyzing financial markets, executing commercial robots and copying agreements of other operators. This platform is available for Windows and also for mobile devices. There are some custom versions developed by various traders to also work with Mac OS. MetaTrader has a lot of experience and was not famous overnight; MetaTrader 4 was widely recognized between 2007 and 2010. From there, many traders began to use it as an alternative to their proprietary software, because it is considered the best option, even better than MetaTrader 5, which is its successor. MetaTrader4 platform features The fame of MetaTrader has a reason to be and is due to the variety of features that the platform offers to provide the trader. Below we will mention some of them: 1.Rapid execution of orders. 2. Efficient account management 3.Various tools for market analysis. Then, there is a balance that must be reached both in accessibility and in the number of functions. Then, if the number of functions is excessively high, we can see the beginning traders somewhat overwhelmed due to so much information. On the other hand, we have the fact that, if the number of functions is too low, these same traders, when they become advanced users, will change to a new platform that offers them what they are looking for. Now, this is a problem that MT4 manages to solve by having the help of a great interface and a certain degree of personalization. The MetaTrader4 platform is the market standard and can be downloaded for free. Its demo version is also fully functional, which provides a starting point for all beginning traders, with tools that can help advanced traders.  This platform can also be customized with certain tools, such as the automation of commercial activity through programming with its proprietary MQL4 language. It offers the option of building custom indicators that are suitable for the demands of each trader. The MetaTrader4 platform has a series of Expert Advisors and custom indicators that are compatible; therefore, changing from another platform to MetaTrader 4 is much easier than switching from MetaTrader 4 to another platform. This gives us a clue as to the reasons why the platform has so retained its customers. Includes a special feature called a built-in brand, this helps to accurately determine the entry points and exit points, at the same time, the price movement can be analyzed in nine-time frames. A graphics application of the platform is also present and has 30 integrated technical indicators, in addition to 24 graphics objects    

3.  It has a mobile platform that gives you full control over your trading account, and not only that, but you can also access your account anywhere and at any time. It comes with a free chat option that helps you communicate with other merchants. MetaTrader 4 also contains an automated trading function so you can count on the help of automated trading robots that are called Expert Advisors (EA) on the platform. These “EA” can analyze quotes and also execute operations.  They are available for you to download for free from Code Base (which is a library that has EA codes, free scripts, and technical indicators)  trading signals is a tool in MetaTrader 4 that will allow the exchange of copies of successful traders, which usually offer their transactions in public access for free and also for a reasonable fee, thus becoming signal providers. The free and commercial signals can be found on the Signs tab within the MetaTrader platform and also on the company’s website. Here you can choose a signal provider and start copying operations without leaving the platform. Execution orders The platform allows three modes of commercial execution, which are: 1.Instant execution 2.Execution by market 3.Execution on request Then the orders executed through MetaTrader 4 can also be a market order, this is an order executed at the current market price or pending order, which is a commitment to buy or sell a guarantee at a predefined price in the future. And a pending order can be either a limit order or a stop order. Platform security The MetaTrader 4 platform guarantees the necessary security to the trader; adjusting to the highest safety standards. Your trading account is protected by the encryption of the data exchanged between the client terminal and the servers of the platform, in addition to making use of RSA digital signatures. MetaTrader 4’s Customer Support The MetaTrader 4 platform has a web page that is uniquely and exclusively responsible for help topics, that is, it is responsible for providing information in different aspects, such as startup, client terminal configuration, work with graphics, user interface, analysis, automatic commerce, tools, market, articles, signals and also virtual hosting. The brokers, in case of wanting to acquire the software, should only contact the MetaQuote offices located in Cyprus, China, United Arab Emirates, Singapore, Australia, Turkey, Thailand, and Pakistan.

4. And the best thing is that customer service can have it available even if you have the platform through the use of a broker. MetaTraders4 price MetaTrader 4, is perfect because it can be downloaded for free from the website. In the first launch, you will need to open a free demo account and in this way, you will be able to try each and every one of the features that the commercial platform offers. When the platform is accessed through an intermediary, it is able to offer MetaTrader 4 free of charge to its clients or, failing that, expand its propagation in order to take into account the use of the standard MetaTrader 4 account. The brokerage can pay a fee in advance from about $ 100,000 to obtain a full license and in addition, an additional sum of around $ 15,000 per month to host, hire 24/5 staff and provide some other services. Not so good things about MetaTrader4 Platform 1. There is no availability of complete historical data for backtesting. 2.The speed of execution of the platform is not excellent and therefore it is not suitable for high-frequency trading. 3.This nascent web platform does not allow the trader to carry out automated trading. 4.The MetaTrader4 graphics package does not provide a customized time period Summary In any analysis and review of the market you will find that MetaTrader 4 is the most preferred platform for most brokers, due to its reliability and operation, it, most likely does not have to learn to operate with another commercial platform. This is because the analytical tools offered by the platform are insurmountable and its function of exchange of copies helps beginners in trading when taking advantage of the experience of professional operators who have experience. On the other hand, it also facilitates automated trading both through purchase and by developing its own EAs. MetaQuotes has tried to popularize MetaTrader 5, so it is likely that the licensor does not offer technical support or updates. However, if you are using broker MetaTrader 4 that is already established, you will probably have normal and easy access to the platform. Blog Source URL: https://cmsprime.com/metatrader4-platform/