Metatrader 4: A Technical Powerhouse

Metatrader 4 Metatrader 4 is a powerhouse of a trading platform. Currently the world’s most popular trading platform, Metatrader 4 appeals to a diverse range of traders as a result of its accessibility and depth of features. For this reason most brokers offer MT4 as their standard trading platform and it will probably be the first trading platform you get your hands on.
Getting started with a Forex account couldn’t be simpler; all you have to do is contact an online broker anytime and they will be happy to open an account for you. You will usually be given the option of either a practice account or a standard account. A practice account allows you to realistically simulate the trading experience by showing you how your trades would have worked out. A standard account will allow you to place real orders and make real money.
It’s worth taking your time when choosing a broker, not every broker will be ideally suited to meet your needs. New traders need a broker that is willing to show them how Metatrader 4 works, whereas more experienced traders will probably be looking for a wide range of products. If you’ve never traded Forex before you should consider working with a small or medium sized firm as they are more likely to provide you with highly attentive service.
Metatrader 4 makes both analysis and execution a breeze. A real time live feed will keep you constantly updating with everything that is going on in the market. You can easily forward any orders you want executed without having to contact your broker directly. You can even employ autotrading if you don’t have the time or patience to place orders individually. Autotrading is popular with traders who are interested in the relationships between different instruments, as opposed to the way in which they are affected by external factors.