Metatrader 4 creators MetaQuotes software have a lot to be proud of. Not only are they the creators of the world’s most popular trading applications, the Metatrader line, but the efficiency and accessibility of their work had a lot to do with the with the massive increase in Forex online trading in recent years.
In the last few years the number of newcomers trading Forex has increased at an incredible rate, thanks mostly to the proliferation of online trading applications which mean that people all over the world can manage trades from the comfort of their own homes. This eliminates the need for Forex enthusiasts to base themselves out of a major Forex trading center like London, New York or Tokyo.
Metatrader 4 distinguished itself in a number of ways. First of all it emphasized accessibility and simplicity of design. As well as a clear, uncluttered interface Metatrader boasts a range of different languages which secured its position in a variety of disparate territories.
Metatrader is also famous for the wealth of extra market tools it includes such as market ‘indicators’ and Electronic Advisors. These can be configured to notify the trader when market conditions are favorable and what trades to make. This style of algorithmic trading has rapidly increased in popularity as its processes have been refined and made more efficient.
Security conscious traders usually opt for Metatrader. The latest version has a formidable 128 bit encryption code that means it’s basically impenetrable. This extra level of security is completely necessary in an industry rife with stories of scammers.
Another nice feature is demo mode. Metatrader 4 allows you make trades against real Forex information (updated in real time naturally) but without risking real money. This gives traders a chance to try out strategies before putting their money on the line.
Metatrader is your passport to the world of online trading, if you’ve ever been curious at all about entering the world’s most dynamic market you owe it to yourself to check it out.