MetaTrader 4 (MT4) is a popular trading platform that many traders use to trade various financial instruments such as CFDs and Forex. It is an application you install on your computer or mobile device, and it provides you with access to the market where you can trade all sorts of financial instruments. So this article will cover MetaTrader 4 download, uses and many other things.
A Popular Trading Platform
MetaQuotes Software Corp developed the MetaTrader 4 (MT4) Platform, and this company specialises in developing trading terminals, charting packages and other software for online traders. The MetaTrader terminal allows you to trade currencies, bonds, stocks and commodities on global exchanges. You can even set up your automated trading systems with it!
Downloading and Installing MT4
The first step toward downloading and installing MT4 is setting up an account with a broker that supports the platform. Meanwhile, it is recommended to choose a reliable broker that thousands of customers have tested for many years. This way, there shouldn’t be any surprises when using their services, including downloading & using their preferred operating system.
What Is MT4 Mainly Used for?
Traders mainly use MT4 to trade currencies, CFDs and stocks. And while one can use it for other assets, its support is not as good as more specialised platforms.
It also has a wide range of technical indicators, which will help you make better trading decisions. And in case you are new to trading, this can be extremely useful because it’ll give you an idea of whether a market is likely to move up or down based on past performance and historical data.
What Products Can One Trade on the MT4?
The MT4 platform allows you to trade a wide range of products, including but not limited to:
- Futures and forex
- Indices and indexes (i.e., S&P 500)
- Commodities (i.e., gold, oil) and more!
What Are the Features of MT4?
MetaTrader 4 is a multi-asset trading platform that provides access to the financial markets around the world. Moreover:
- MT4 is available in more than 100 languages and trades on more than 9,000 instruments via more than 100 brokers.
- It supports hundreds of different technical indicators, drawing tools and scripts that can be used by traders to develop personalised trading strategies.
So to succeed in trading, you need to have a reliable and feature-laden trading platform. And MT4 is a popular trading platform used by more than 200,000 traders around the world. It’s used by both beginners and professionals to trade in forex, stocks and commodities. As such, you can set up your own trading strategy and use MT4 to execute it automatically or manually. Also, there are lots of indicators that can help you make correct decisions based on historical data with different time frames (1 minute, 5 minutes, 1 hour).
For example, if you’re a day trader who likes scalping on M15 charts, then there are plenty of tools for this kind of activity, such as a box size indicator, which shows how many pips will be opened from the current price after an order execution, Spread Indicator, which shows the actual spread value for every pair, and Volume Indicators provide information about volumes traded within a selected period of time etc.
So hopefully, this article has given you a solid, fundamental understanding of MetaTrader 4 and its uses. And if you are looking for a platform to trade from, then MT4 could be the perfect solution for you, and MetaTrader 4 download is extremely easy. Besides, with its huge range of features, ease of use and popularity across the globe, MT4 is certainly one of the best platforms available in the trading world.