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The Advantages to Trading using MT4
- What is Metatrader 4 ?
MT4 is a trading platform that brings a host of unique tools and functions to trading indexes, stocks, CFDs, commodities and Forex. As it can be tailored to suit a range of needs, even brokers can use it instead of their own proprietary platforms to remain competitive and on top of the latest trends. All a trader will need to do is download MT4, either directly from the website or from their broker’s, and start making the most of what’s on offer.
The advantages of using MT4
1. Real-time access to market prices
One of the top features of MT4 is the ability to access the most up-to-date trading information with real-time currency quotes and estimates with the Depth of Market feature. This depicts aspects of market activity, such as the buy orders for numerous currency pairs. Traders can use other vital data portrayed in the ‘Watch Window’, such as margin ratio, contract size, margin currency, spread and more.
2. A user-friendly interface
This platform was designed with usability in mind, so that traders of all skill levels will be able to get involved with little fuss. Supporting a host of strategies, two ways to carry out trades, automatic triggers, charts, trailing stop orders, access to personal trading history, unlimited technical tools, demo-trading capabilities, educational resources and simple-to-use controls; it’s flexible and straightforward to use.
3. Automated trading options
Traders have the ability to set automated trading algorithms to minimise emotional bias and time spent trading when other things can be taken care of.
4. Stability and accessibility
There is little to no downtime with MetaTrader 4, so you’re not likely to miss worthwhile trades due to freezing or similar functionality issues. As a result, trade executions are fast and have little chance of slippage. Traders can use the platform on a multitude of devices, so you can trade whenever and however you want on smartphones, tablets, laptops and desktop computers.
The mobile app features:
Interactive graphing, sorting and analytical functions
Push alerts
Real-time communication
5. Expert advisors
When you want to execute trades automatically, diversify your portfolio and more, there are a host of Expert Advisors to choose from. This gets even better when you learn that each will be uniquely designed to meet your trading needs and that you can even create your own and run it with little difficulty.
6. Security
As security is a major concern where your financial assets are concerned, you’ll be pleased to know that MT4 is not only reliable, but secure. All information is encrypted (including IP addresses), RSA digital signatures are supported and as the platform is global, it complies with a host of location-based.