Metatrader 4 makes choosing a trading application a no brainer. Any trader with half a brain will opt for the best and most widely used application. Metatrader is the platform of choice for just about every broker so if you want to communicate well and trade well with said brokers you better get with the program.
Hang on how did Metatrader become number 1?
By outperforming the competition! Metatrader 4 is dominant because it is the best, it has the best features, great usability, top-notch security and a killer price tag- it’s usually free. Let’s discuss a few of those features. First stop for new traders should be demo mode. In demo mode you can figure out the perfect Forex strategy using authentic Forex data to make trades without risking your hard earned cash.
Strategy nuts also have a lot of fun with the Electronic Advisors feature. EAs notify traders when something significant is happening in the market. EAs are fully customizable so you can use them to notify you about a wide range of events. If you like you can even set your EAs to make trades automatically when conditions are favorable. This is called algorithmic trading and it’s currently taking off in a big way as these processes are improved and refined.
Though Metatrader’s features are impressive, its success has always been a result of its accessibility. Metatrader 4 has a clean, clear look that that doesn’t overwhelm new traders and makes it easy for them to see what’s going on and make trades. The generous selection of languages on offer have garnered it a huge international following.
Metatrader is all about expanding the market by taking advantage of the most cutting age communications technology. If you have even the slightest interest in trading Forex now is the time to adopt.