Learn all you need to know about MetaTrader 4

MetaTrader 4, or MT4 is an electronic platform most commonly used by forex retail traders or fund managers for trading forex and other markets via CFDs, analysing the financial markets and using more advanced features like Expert Advisors (EAs) or automation of trading through trading signals. Traders can access extensive technical analysis and versatile trading strategies with the MT4 trading platform, which offers a straightforward interface. The platform is also extremely customisable based on personal trading preferences, requirements and styles, making it suitable for traders of various types and experience level.

MetaQuotes introduced MT4 in 2005, and forex brokers have the license to provide the software to their clients. Traders can use the MetaTrader 4 free download option for windows, macOS, iOS, android, WebTrader and to monitor prices in real-time, check charts or open and manage their positions on the go. Trading on the MT4 is also enhanced by trading signals, access to detailed technical analysis, algorithmic trading and a range of trading tools including pending orders, instant execution, trading from a chart, stop orders, a tick chart, trailing stop as well as trading history.

This article discusses what the MetaTrader 4 platform is, outlines the main features and addresses the reasons why it is considered the industry-leading platform and a safe choice for beginner traders.

MT4 features

Traders around the globe choose MT4 for its unique features, reliability and popularity. Immediate access to numerous instruments on different asset classes as well as low spreads, fast execution and competitive conditions is granted by the broker.

With Metatrader 4 for PC traders can manage orders, equity and positions online on all order types and execution modes, allowing traders to monitor financial market prices and exchange rates, access comprehensive charting and indicators, as well as online streaming news. There is also a built-in ability to employ Expert Advisors (EAs).

The MetaTrader 4 download option is very easy. Clients can download and install the platform and select whether they will log in with an existing account or open a new one, then select the broker and enter their credentials for either a demo account or a live one. They can then start trading the markets.

Why choose the MetaTrader 4 platform

Analytical features

The MT4 download option offers multiple benefits to its clients starting with its advanced analytical functions. Studying quotes and reacting to price fluctuations through online, real-time quotes in Market Watch and interactive charts with 9 time-frames are some of the most attractive features of the platform. There are also 30 indicators and 24 analytical objects for technical analysis and for predicting the future price dynamics such as lines, the Gann and Fibonacci tools, channels, arrows and shapes.

Automation of trading

If you have a busy schedule but you still want to trade the financial markets, MT4’s algorithmic trading or automated trading is the ideal feature for you. This is one of the strongest features of MetaTrader 4. Traders can use a trading robot to analyse currency quotes and execute their trades as the majority of trading strategies can be automated and completed by an EA. This means that the platform frees you from market analysis and routine trading. Also, MT4 allows you to build, test and improve automated trading programs, develop your own app in the library, and even sell it in the market.

Backtesting

This is another advantage offered by MT4 with which traders can test trading strategies based on past time periods. Trading rules are applied to historical market data which helps traders assess how efficient the different trading ideas are. They can also evaluate and revise their ideas which they can apply at a later stage.

MT4: Suitable for beginners

As already mentioned, MT4 is a reliable choice for all traders. New traders can benefit from the features below:

Flexible

The fact that the platform is supported by multiple devices and supports mobile trading enables traders to use the platform anywhere, at any time even from the comfort of their house. This is an attractive feature especially with the advancement of technology and the frequency with which most people use their mobiles or tablets nowadays.

Easy  

The platform is user-friendly and offers an intuitive interface with simple functions and basic features, making it suitable for novice traders. There are no complex elements but rather  information can be easily understood and accessed in just a few simple clicks.

Reliable

MT4 has been tested by numerous traders across the globe, making it a safe and reliable choice for traders that want to enhance their trading with advanced features and tools.

Stable

Last but not least, the platform ensures a stable envrironment and performance within which operations can run smoothly.

Trade on the MetaTrader 4 with IronFX

IronFX is a global forex broker and a leader in MT4 trading. IronFX MetaTrader 4 trading platform enables traders to enhance their trading skills and improve their strategies by implementing them using advanced features and tools. The broker also offers access to more than 500 tradable instruments on 6 asset classes including forex, shares, indices, futures commodities and metals.

IronFX clients can trade with flexible leverage, ultra-low spreads and competitive conditions. They can also choose among various account types based on their trading requirements and preferences. The platform can be easily downloaded and used on any device and there is always 24/5 customer support in place to assist clients throughout their whole trading journey.

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