If you are from the trading community, you will be quite aware of what exactly MT4 is and how it actually benefits the trader. The very next question is not about why trading in this platform is better but perhaps what features make the training in MT4 unique. First, let’s began what is the MT4 platform is and let’s learn about its feature:
Overview of MT4 Platform:
MT4 which is also named as MetaTrader 4 is developed by one of the Russian company named ‘Metaquotes’. It aims to access the global currency trading through one single click. You can trade in innumerable currency or scripts with a unique feature of fastest execution. The software is very famous among the retail traders globally. One of the prime reason for choosing the MT4 is reliability and handiness. In this platform, you can make your own trading strategies and write own scripts as well.
In this article, we highlight you 9 major reasons why should choose to trade in MT4 trading:
1. Reliability & Handy: One of the major reason traders choose this platform is because of its reliability & handiness. It is preferred by more than 5000+ FOREX brokers around the world and in respect to handy, it can be traded anytime, anywhere or in any of the time zone. These reasons help the brokers to attract a global pool of clients, irrespective of which country they are situated with.
2. Dynamic Security System (DSS): The currency market is highly volatile in nature, it has a scope of providing the innumerable gains or loss to the traders. The MT4 Platform enables the traders to secure their trades in the riskiest & volatile conditions thud helping them to secure their money from losing which is way higher than others. It ensures the safest transaction, which is one of the in-built features of DSS (Dynamic Security System). It is not commonly found in other trading terminals.
3. MT4 has Expert Advisors (EA): It is one of the unique applications in an entire trading community, which is only available in the MT4 trading terminal. This application will enable you to automatically square off your trades by choosing any position i.e it can be either Take Profit (T/P) or stop loss (S/L)
4. Trading Pattern or signals: The FOREX market is biggest and has offered much more scope to the trades. MT4 (Meta Trader 4) have various trading patterns or signals like Fibonacci, RSI, MACD, Oscillators and several others that will enable to trade in more than 70+ various trading pattern that empowers the traders to trade with the utter pride and giving them enough room to make their profit.
5. Option to choose multiple-currencies: The FOREX Market is one of the largest markets in the world, which is traded with one base currency which is USD (US Dollar $). The MT4 is one of the rare trading terminals in the world that allows the traders to trade in different currency pair excepted quoted in US Dollar ($). Mt$ provides the best living quotes
6. Over 70+ built-in indicators: The currency market is open for everyone while every nationality can trade it from anywhere. An MT4 terminal is only trading terminal that has some unique feature that supports the multiple time frames. It refers to execute the currency pair with no time bound limit as it helps the traders to choose their own. They can either trade using candlestick, morning star, RSI, MACD, etc.
7. M-Trading: M-Trading is a new buzzword in the town. It refers to trading through mobile. It is available in various trading platforms like Mobile and tablets. It also helps the traders to execute the various or multiple orders at the same time. It enables to control trading through one click.
8. Available as a web application: MT4 is one of the trading software which is quite known for Fast, effective and efficient execution. There are many other terminals that are available in the industry, but MT4 has been one of the favorite choices among the Traders worldwide because of its innovative tools. Most of the other trading terminal is not as popular and flexible as compared to MT4.
9. Multi-Lingual Support: MT4 has support all the major languages in the world like Urdu, French, Russian, German and Mexican. The major purpose of this is multiple languages support system that customizes the trading time.
The unique features of MT4 make this trader as one of the most unique trading platform in the world. The MT4 platform is quite unique and garners as one of the evergreen platform in the world.
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