MT4 – Why is it the best trading platform?

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Forex. Photo by Kevin Ku on Unsplash

Are Are you a novice forex trader who has no experience and wants to know the best trading platforms? Although there are many trading apps, Metatrader 4 is the most popular and best trading platform for forex trading. It is an award-winning software for forex trading launched in 2005.

Millions of users connect to brokers electronically and earn profits using MT4 software. According to data from Google Analytics, Play Store and Apple App Store, it is the most downloaded forex trading app of the year. You can also get an MT4 download for PC which can help you trade stocks, cryptocurrencies and precious metals. So let’s see why it is the best forex trading platform.

Software compatible with gadgets:

Traders do not carry each of their gadgets everywhere. They travel and work together. Well, MT4 is a gadget compatible application that works on all platforms. It has versions for all operating systems like IOS, Android, and Windows for a convenient gadget hop. Moreover, its efficient cloud-based server allows you to switch between your laptop, MacBook and Android smartphone or work simultaneously. So you can continue trading anywhere, anytime, without worrying about where you left off. The operating system version’s efficient cloud connection puts hassle-free forex trading at your fingertips.

Expert Advisors:

For your busy schedule, Metatrader 4 has an automated mode for trading. This platform has many expert advisors with diverse portfolios and related expertise. Plus, customizable EA connects you with brokers and trades on your behalf so you can make bigger profits. The unique trading algorithm makes this platform a hit among other trading apps. Moreover, as an investor, one can develop an EA to work on an MT4 using an integrated development environment.

User-friendly interface:

Forex trading is not as easy as it seems. However, you can download MT4 for PC or Mobile and trade as an investor with no problem. MT4’s user-friendly interface allows any beginner to trade forex, which is a complex and volatile market. It has different trading modes to serve you, such as stop orders and pending orders to plan automatic future actions. Also, the quick stop loss and gain setting allows continuous profit with limited losses. It has many other handy functionalities and features to boost your business affairs to the maximum level.

Security:

It is a secure trading platform that protects your data. It is bug-free and does not reveal user IP addresses at any cost. Additionally, it performs end-to-end encryption of merchant and server shared databases using a 129-bit key. So your data, profits and stocks are in good hands.

Best analytical tools:

The MT4 platform has many built-in features to modify your trading using essential indicators and charts. More than 30 technical tools such as Moving Average Convergence Divergence (MACD) and Fibonacci Retracements help you gain exponential profits. Additionally, Relative Strength Index (RSI) and Equilibrium Volume (OBV) provide clear trading and prediction of price fluctuations, resistance level and customizable financial alerts for your convenience. It displays nine different price charts at once. Therefore, it offers unlimited access to charts for hassle-free price analysis with just one click.

This is the reason why Metatrader 4 occupies a 45% market share of forex trading with 1231 trades in 2021. Moreover, four years earlier, it had a trading volume of $1.567 billion in the IC market, which increased remarkably.

Easy communication:

MT4 has an integrated communication interface to connect traders and brokers. Thus, it negates the need for third-party apps for communications. Its smart chat board allows traders to communicate with brokers confidentially with 100% end-to-end encrypted data. It protects your chats from leaks and secures unwanted hacking bugs.

Profile:

Account details are also available on the Metatrader 4 user interface. You can also control privacy. Additionally, this profile information is designed to tell you all about your trading. It displays transaction history, account balance and personal details. MT4 keeps everything confidential and secure as these details are sensitive. Thus, your profile information is detailed with all transactions and profits, but in complete safety.

Simple accessibility to market prices and liquidity:

Metatrader 4 is the best trading platform that connects traders with brokers electronically and trades currencies practically like in real life. It provides a market watch window which gives you the list of top rated brokers and traders. Therefore, you can choose any of them based on your preferences for displaying quotes with broker profiles. This gives a real-time bidding experience and does not cause issues. Also, the in-depth market window is an essential feature that provides research on the varying prices of the same currencies. It keeps you informed about market prices, forex margins, spreadsheets and profit percentages while dealing with brokers. It is therefore a perfect trading platform for efficient trading.

Reliable trading platform:

Although many forex trading apps exist so far, MT4 is the most reliable platform. Even after ten years of launch, traders like to use it to connect with brokers because it is convenient and reliable. Its 100% availability allows you to trade 24/7 without any obstacles. Its efficient software design keeps your trading profitable and secure and gives traders and brokers the confidence to trade without hesitation. Hence, it is a popular platform due to its reliability, simple features, and effective information and trading tools.

Conclusion:

Metatrader 4 is the most efficient and user-friendly online trading platform. Other trading platforms are competitive, but MT4 is the best, especially for beginners. All national and international brokers are available on Metatrader 4 software due to its profitable multitasking window, detailed data and chart collection, unique analytical tools and high level trading opportunities. Since it provides both live and demo versions, anyone can download it for PC or mobile for a quick start in forex trading. You can start trading by developing an account right away, as it has all the essential features to make you a successful trader.

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