Metatrader 4 has had more that a small part to play in the rise of online trading Forex. Whereas previous generations of traders have had to base themselves out of major trading hubs like New York and London, now thousands of new traders every year are kicking off successful careers from the comfort of their home computers. Forex trading has doubled in size since April 2004 and all the signs indicate that this rapid rate of growth will be maintained for the foreseeable future. With that in mind let’s take a look at a few ways that Metatrader 4 is aiding the online trading revolution.
What distinguishes Metatrader 4 from competing trading platforms is accessibility. Metatrader is unique in that its interface can be navigated by a newbie and yet still provides enough depth and customizability to appeal to Forex veterans. A great deal of effort has also gone into making it accessible to a range of diverse territories with language options catering for all parts of the world.
Metatrader 4’s demo mode is another boon for newcomers. Previous generations of Forex trading saw newcomers crash and burn quickly as the result of misguided strategies. Now traders can test their tactics in risk free Demo mode and avoid such devastating early losses.
Metatrader 4 has also been influential in terms of the level of streamlining it brings to the table. Many professionals can now try their hand at trading because features such as the Electronic Advisors cut workloads considerably. With Electronic Advisors trades can be automated by setting parameters for certain trades and currency relations, e.g. you could set the EAs to start buying Euros when the dollar dips below a certain value.
Metatrader 4 is likely to come bundled with any online account you open and it’s a good thing too because there’s no better way to get started on the road to Forex success!