Saturday, September 26, 2009

Metatrader 4 (MT4) Trading Platform


The highly accredited Metatrader 4 or MT4 trading platform as it is commonly referred to, is one of the most renowned and widely used forex trading platforms around today. It is the first choice of trading platform amongst retail investors and traders alike and the benchmark platform amongst brokers. It is one of the most versatile, user friendly trading platforms, packed with all the necessary features today’s active trader requires to succeed with their forex trading.


Benefits of MT4:


• User friendly interface with no real complexities, which makes this platform especially suitable for novice traders.


• No language barriers. MT4 enables users across the world to convert the data in the MT4 platform to their language of choice.


• MT4 possesses both charting and trading capabilities all packed in one user friendly package thus enabling today’s active trader’ s to carry out technical analysis and place trades at the same time.


• A very important and popular feature that MT4 offers its users is to automate their trading through the use of expert advisors or EA’s as it is commonly known as. Expert advisors or EA’s can either be developed by the user themselves or they can purchase EA’s developed and tested by well known vendors.


• MT4 is a equipped with advanced communication tools where TDFX post messages, publishes in house analysis, market news in real time thus eliminating the need to communicate with clients through the traditional methods of e-mail and telephone.


• MT4 is a highly reliable trading platform and is not a demanding application to run on a PC.


• MT4 provides its users with easy access to view personal information such as account balances, account history, access details, change of password etc.


• MT4 is a very secure and highly safe trading platform to carry out trading activities as the data transfer between trader and server is scripted through 129-bit key and it also conceals the server’s IP address.


• MT4 works with all kinds of currency crosses so long as they are offered by the broker and has also been designed to work with futures and equities.


• Last but not least in this comprehensive list of benefits is the fact that MT4 is fully customizable and its users can tailor MT4 to satisfy every need. Users can develop their own indicators and expert advisors through MT4’s proprietary MQL programming language.

1 comment:

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