If you’re already a trader then you already are aware of the meaning of MetaTrader 4 is. If you’re novice to the world of trading then you’ll discover answers here. MetaTrader 4 (also known as MT4) is among the most well-known trading platforms available. That’s right, MetaTrader is a software that lets you trade online and is completely free!
MetaTrader 4 is a efficient platform, as it improves the experience of trading with additional features. It’s actually possible to trade on an mobile device, execute automated trading with expert advisors and scripts, monitor custom indicators, sign up to trading signals and further extend the capabilities of the platform by using elements that are part of MQL5 Market. MQL5 Market. If this doesn’t seem to make sense, don’t fret you’ll see it be explained later on in the article.
Features
It is essential to realize the fact that MetaTrader 4.0 is an fully-featured trading platform. It has all the required tools to trade online.
Depending on the broker you choose to use, you are able to trade on the internet:
The Stock Market (Google, Apple, Microsoft and others).
Indexes (S&P500 and similar).
Currency pairs (EUR/USD USD/JPY, GBP/USD and many more).
Commodities (Gold Silver, and Oil to name some).
MetaTrader 4 lets you view current prices as well as to download historical data free of charge. It is possible to open charts in various time frames to gain a better understanding of the direction of the market. You can incorporate indicators to conduct analysis of technical aspects.
Through ดาวน์โหลด MT4 you can sign up to trading signals and trade the same signals that others are doing in a synchronized mode.
One of the most effective characteristics in MetaTrader 4 is its ability to be adapted to your requirements. With the MQL language you are able to, actually, develop programs that can perform specific actions, customize indicators in the event that the ones you have don’t meet the criteria you are looking for, or expert advisors who execute automated tasks, or even trade on your own without your supervision. This can be done by using MetaEditor.
History
MetaTrader was initially developed in in 2002, by MetaQuotes Software and there are two major versions: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). While not the most up-to-date version, MetaTrader 4 holds the top spot in popularity among traders and brokers. Over time developers from all across the world have come up with numerous commercial and free parts to enhance MT4 even more efficient.
Operating Systems
MetaTrader 4 is available for the top operating systems. You can download it on:
Windows
Mac
Linux
Android
iPhone/iPad
But, take note that MetaTrader does not have native support for Mac as well as Linux. Therefore, if you wish use it with these operating systems, you’ll have to install some workarounds and other software.
Components
MetaTrader includes a variety of components. As a trader it is not necessary to be worried about being aware of all of them in depth. But it’s helpful to understand what they’re and what their purpose.
Client Terminal is the program used by traders to view the prices and place orders.
Mobile App is an application designed specifically designed for mobile devices, such as tablets and smart phones.
Server is the application that runs on the backend, usually in the hands of the broker. It handles the price as well as orders and keeps track of every activity.
Administrator is a component used to manage the server.
The Manager will handle the accounts of customers.
Data Center — type of intermediary, or proxy, to facilitate the interactions between servers and Clients.
As previously mentioned as a trader you do not need to be familiar with all the elements You will only be making use of only the Mobile App and Client Terminal.
Conclusion
In this moment you’ll have an understanding of what the MetaTrader 4 trading platform is. The software is extremely popular because of its user-friendly and the many features it offers. You will definitely gain from making use of it for Forex trading.
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