How to use MetaTrader 4 (MT4)?
MetaTrader 4 (MT4) is universally accepted as the world’s most advanced and popular trading platform. From basic functionality for the forex beginner to the advanced technical charting for the experienced trader – MetaTrader 4 is the perfect platform for all. With intuitive easy to use functionality at all levels, it does exactly what you need it to do.
The MetaTrader 4 program is built in a convenient and user-friendly format and contains all advanced tools for trading including technical analysis tools, advanced trading orders and many possibilities for customizing charts. In addition, you may add custom made automatic trading strategies (EAs) and indicators.
CM Trading’s MetaTrader 4 platform has been fully integrated into the basket of services we offer, allowing our clients to experience trading as it should be – tight spreads and “Market Execution” with no requotes – ever!
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The CM Trading MetaTrader 4 (MT4) is the ideal platform for all trading strategies. Both by providing support and all the tools required to successfully trade using EAs, and also by allowing trading strategies such as hedging or scalping. These are key elements in performing efficient trade execution using Technical Analysis without delay.
If you have your own existing Expert Advisor it will work seamlessly with the CMTrading MT4. Alternatively you can develop your own EA using the MetaTrader MQL4 programming language. The MQL4 language also allows the programming and editing of custom made indicators and charting tools. The CM Trading MT4 platform truly gives you the necessary tools for successful trading.
About Metatrader (MT4)
MetaTrader 4, also referred to MT4 is a broadly used electronic platform designed for retail foreign exchange. It was created by a MetaQuotes Software Corp, a Russian software company, which currently licenses the software to about 500 banks and brokers worldwide. MT4 was released in 2005 and is very popular with forex traders; particularly because of it's easy to use features including its ability to enable automated trading. It allows users to create their individual trading scripts as well as trading robots – often referred to as expert advisors. For most investors and online traders, whether in trading forex or even CFDs, MetaTrader 4 is surely a must-have tool.
Other than being considered the most prevalent online trading platform one can use to gain access to the global market, MT4 is also regarded as an extremely efficient tool for retail foreign exchange trading. This is because it’s specially created for individual online traders. An electronic or online trading platform is a software program used to place different trading orders for numerous financial instruments via a network with brokerage companies or financial institutions that function as financial intermediaries. These financial institutions facilitate online transactions amongst sellers and buyers by executing the trades. An online investor gets to trade on current/live market prices that are being streamed on different trading platforms and can increase their profit potential using additional trading tools offered. The tools offered by these platforms include live news feeds, trading account management, charting packages including trading robots.
How MT4 developed
The first generation Internet-based forex (forex exchange) trading platforms began in 1996, enabling the foreign exchange to progress at a faster pace and making it possible for consumer markets to expand. Due to this, web-based retail foreign exchange let individual clients access the global markets and get the chance to trade on currencies right from their computers. Even though the first generation of the electronic trading platforms was basic software that could be downloaded to a computer, it lacked user-friendly interfaces. Progressively, new features like charting tools and technical analysis were added and this resulted in more heightened attributes, including the option for the programs to be utilized as web-based platforms even on mobile devices (tablets or smartphones) that are compatible with automatic tools like trading robots.
Other than introducing online trading platforms, a fast-growing section of foreign exchange markets also emerged. This involved individuals who were able to access the global trade and markets online via banks and brokers: retail forex. The market segment gave even the small investors the opportunity to access markets and trade using smaller amounts of money. The demand for more sophisticated trading podiums kept on growing, particularly for retail forex trading, including the need for individuals to directly trade on the global markets. Once it was released, MetaTrader 4 was the kind of tool/software that made it possible for many retail forex traders to venture and capitalize in the exchange or currency as well as other financial instruments from any part of the world.
Usage of MetaTrader
Currently, more than half a million online retail traders use the MT4 platform to run their daily trading practices. They are now benefitting from the broad range of features that help them make informed investment decisions like mobile trading, automated trading, news feed streaming, one-click trading, charting tools, a substantial number of indicators, in-built custom indicators and the ability to manage many orders. MT4 is ideal for both seasoned and beginner traders with versatile investment practices and skills. Today this software can be regarded as the ultimate trading software in almost every spot globally.
MT4 and Mobile Trading
While creating MetaTrader 4, all the needs of the 21st-century technology were taken into account. It offers flexibility at its best, with its core being mobility. As a result, the MT4 mobile trading option lets investors access the trading platform (other than their Mac and Windows operating system based personal computers) directly from their tablets and smartphones. The trading platform including multiple trading account monitoring and management is now possible while on the go. Having the opportunity to manage various trading accounts from an interface and portable devices such as tablets and smartphones offers investors a definite edge as they trade. The compatibility of the software with IOS operating system lets Mac users follow up with the day to day market changes 24/7 and place trades from iPod Touch, iPad or iPhone directly.
Through the MT4 mobile trading, online investors can easily follow the global markets easily from anywhere at any time and execute orders instantaneously and still manage their accounts while away from their PCs. Moreover, mobile trading also gives a wide range of analytical options including displaying graphical quotes for proper management of the account. Because the mobile trading options offered by MetaTrader 4 are the same for tablets and smartphones as for table PCs, an online investor can perform trading activities at a similar speed using the same trading tools to get best results.
MetaTrader 4 I OS and Android
Tablets and smartphones are indispensable in trading while one is away from their computer. The mobile versions of MT4 on the Android and iPhone/iPad devices can be used to trade in financial markets. Users will appreciate the mobile trading platform’s functionality that offers broad analytical capabilities offering technical indicators, full support for trading functions and other graphical objects. All these features can be accessed from anywhere in the globe, 24 hours every day.
The Benefits of MetaTrader 4 (MT4)
Why Forex traders choosing metatrader 4?
- Simple user interface
- One click Executions
- Limit Orders
- Quotes in real time
- Graphs and Charts of time periods
- Technical indicators and tools
- Live Analytics
It’s evident that MetaTrader 4 provides leading analytical and trading technologies including additional services. It has all you need to succeed in Forex trading.