Metatrader download veterans will tell you there is really no competition, Metatrader’s dominance of Forex is definitive. In order to trade with the greatest number of brokers Metatrader is a must, this is because it is the most popular application and trader/broker software consistency is necessary for effective communication.
Metatrader attained its dominant market position by outperforming the competition in terms of accessibility and the range and quality of its features. Unlike other trading platforms Metatrader utilizes a clear, uncluttered interface that even Forex newcomers can quickly get to grips with. This accessibility extends to the wide range of language options available, meaning that Metatrader makes its presence felt in a number of exotic territories such as the Middle East and Asia.
Metatrader is a low spec application and as such you don’t need a powerhouse of a computer to run it. Metatrader download speeds tend to be very quick and many online brokers offer the software for free.
Metatrader’s most famous features include demo mode, market indicators and fully customizable Electronic Advisors. Demo mode let’s you practice your trades against genuine Forex info but without risking real money. Demo mode is a great way to learn and is highly recommended for new traders. Indicators tell you when something notable is happening and a particular trade might be viable. For example if your indicators notify you that the dollar is falling rapidly it might be a good idea to buy gold. Electronic Advisors are similar to indicators in that they recommend trades, however they are fully customizable and can be programmed to make trades automatically.
Metatrader is also well regarded for its top of the range security features. With a daily market turnover of three trillion dollars Forex traders can’t afford to take any risks with their information or their cash. That’s why Metatrader 4 includes an impenetrable 128 bit encryption code.
For the last decade or so MetaQuotes software have striven to make Forex trading more accessible and prosperous for new traders and veterans alike. The massive growth of online Forex trading in recent years is testament to their determination and dedication.