Advantages to Trading using MT4 platforms
Mt4 or Metatrader 4 is one of the most popular and used Forex trading platforms. It is offered by almost every Forex company and preferred by many forex traders. The platform has established itself as a prominent one by catering to all the basic needs of traders and not just for trading.
The most likeable feature about Mt4 is its user friendliness, which allows even the newest of traders to adjust to trading smoothly without the complications of learning how to use a new software. It offers a simple and understandable interface, which is highly customisable, allowing each trader to decide how their platform will look like, and be most comfortable to make their trading easier.
Additionally Mt4 offers technical and fundamental analysis, and Forex indicators which are an important and desired help by both newcomers and experienced traders. Expert Advisors are also an important and big advantage, not only does the platform come with its own EAs but it allows traders to write and design their own EAs and upload them to the platform, giving the space for anyone who wants to expand their skills to do so.
The key features of Mt4 are the Market Watch Window, Navigator Window, Multiple Order Types, Variety of pre-installed indicators, Analysis tools and multiple chart set ups, Automated Trading Order Execution Capabilities, Hedging and Scalping friendly, and Expert Advisors.
In order to be able to download Mt4 you need to have an operating system of Windows XP, Vista or Windows 7, 1.5 GHZ processor, 1 GB RAM, Screen resolution of 1024×768 and lastly a broad band connection.
The Mt4 Platform can be downloaded on all devices (including Apple devices) like phones and tablets.