Unless you’ve been living under a rock for a few years you’ve probably heard that Metatrader 4 has distinguished itself as the definitive Forex trading platform.
Of course, for practical reasons, one trading platform had to become the industry standard, however Metatrader 4’s success can attributed to more than just good timing. Put simply, Metatrader 4 out-performs the competition in just about every respect.
The ability to receive Forex data and communicate with brokers in real time is a huge boon for Forex traders.
Other popular features include the ‘expert advisors’ and demo mode. A range of advanced charts make analyzing the market easier than ever before.
While other trading platforms offer such services, Metatrader 4 surpasses them in terms of quality and variety. The ease of use and flexibility have made it the application of choice for both new and experienced traders.
Aside from its simplicity, Metatrader 4 boasts a degree of accessibility based on it customization features as well. Traders are free to change aspects of the application to suit their trading needs. For example it is possible to create your own expert advisors using the MQL coding language included with the software. The ability to select a range of languages means that it’s accessible to traders all over the world.
Traders concerned about security issues tend to favor Metatrader 4. This is because Metatrader 4 utilizes a formidable 128-bit code to encrypt data sent between the trader and server, making it the safest trading platform on the market.
In spite of the wealth of features on offer, Metatrader 4’s success will ultimately be attributed to the fact that it is the chosen platform of hundreds of brokers worldwide. This emphasis on trader\broker communication is reflected in the software itself. In the end it is the trader himself who will determine the success of his trades, however there is no sense neglecting the most proven tool available on the market today.