MetaTrader 4 (MT4) defines a trading platform developed by MetaQuotes in 2005. Although it’s most ordinarily related to forex trading, MetaTrader 4 are often wont to trade a variety of markets including forex, indices, cryptocurrencies, and commodities, via CFDs.
MT4 is extremely popular due to the fact that it is highly customizable to your individual trading preferences. It also can be wont to automate your trading, using algorithms which open and shut trades on your behalf consistent with an inventory of set parameters.
Traders use it to look at real-time currency prices, open or adjust orders, get technical and fundamental analysis. Meanwhile, brokers use the MT4 platform to succeed in a broader audience.
What’s good about the MT4 platform is that it offers boatloads of currency pairs and indicators that you simply can choose between .
Mechanical traders also can connect their EAs within the MT4 platform. This makes it easy for them to trace trade opportunities.
The MT4 platform can’t be accessed through an internet site though. You have to put in the platform on your computer or your phone before you’ll gain access to your trades and currency prices.