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7th November 2016
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MetaTrader 4: One of the Best Online Trading Platforms

MetaTrader 4 is a platform for international forex trade. It can be downloaded either from MetaQuotes or through a huge number of brokerage sites. This platform puts forward a huge range of opportunities to match different skill levels. It provides the traders with expert advisors and techno-analysts to help them in making decisions. It has a very flexible trading system, complete with algorithmic trading facilities. It is operable on a variety of operation systems and gadgets; i.e. computers, tablets and Smartphones. One of the advantages of the mobile versions is that its user interface is completely identical to its laptop/PC/tablet one. This is another thing that makes mt4 so popular.

It contains a lot of useful features that would enhance your trading experience greatly. Symbol charts, Analytical Tools, Expert Advisors, and other tools are there to help you with market analysis. And that is not all. It is possible to buy trading robots/indicators and programme them to carry out automated trading, guidebook purchase, position taking and duplication, and obtain things which would be useful in matters related to the market (analysis, predictions etc.), right on the platform itself. One of the foremost advantages of using robots is the fact that they always trade within the spread limits and hence gain a few pips worth of profit with every trade they make. Also, they analyse a trading condition very quickly and take a position faster than is possible for any human. Add to this the fact that they can study and follow multiple charts at the same time. Thus, a few pips worth of profit in every trade out of hundreds, together add up to a huge, whopping profit amount. The purchase of robots can be done in places such as Code Base. That is a library full of ‘expert advisors’ for everybody to choose from.

As far as the trading is concerned, there’s a wide variety of actions and choices to take your pick from.

Traded products are ranked according to prices and user popularity for your convenience; all information about the product is outlined in detail, along with user reviews on each of them; test programmes can be taken or rented for a trial period in order to test them out, and also make your transactions secure by performing purchase or related actions via the MQL.5 system. (For this, you have to create a MQL.5 account). You can activate a single product on at least four devices (usually).

Another feature available to you on MetaTrader is Signals. A trader registered on the site can use this feature to copy the trades performed by other traders in the market. Signals are displayed on a list, with the most successful ones’ names flashed at the top. Over 5,000 of these signals exist, both free and paid. Simply select a signal and let it detail all the trading deals of the signal provider. It’s super easy and super convenient, and is one of the reasons why people prefer to trade through MetaTrader 4. Next to cTrader, MetaTrader 4 and 5 are the ones most preferred by traders.

MetaTrader 4 features the Integrated Development Environment system, which allows you to programme the Expert Advisors (trading robots) and technical indicators. Its core is MQL4 object-oriented programming language for trading strategy development. Make multiple accounts - real and demo, it’s no object at all. Also, there’s a “News and Alerts” notification feature which keeps you abreast of all important market developments, at all times. The best thing about it is that this platform acts as a guide for budding or amateur traders, and strengthens the techniques of veterans. 

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