MetaTrader 4, often referred to as MT4, is considered the market standard for trading forex. It has gained its reputation as THE platform to trade forex through for many reasons. These same reasons are why traders both experienced and novice, chose MT4 over any other trading platform time and time again, and why the most capable brokers offer their clients the MT4 platform.
So, what is it that makes MT4 a professional trading platform?
MetaTrader 4 is not just a trading platform, but also a platform for analyzing the forex markets and for using expert advisers. The key features of MT4 allow traders the possibility to closely monitor markets, accurately. This means that traders can enter into, and exit from the market with more precision than on other platforms. The key features include over fifty pre-installed technical indicators, 9 different time frames and 3 different chart times.
The MT4 charting package is often cited as one of the highlights of the platform. The charts are not only user-friendly but also offers advanced charting options to appeal to the more experienced traders. Furthermore, the customisation of the charts and the platform, as a whole, enables a fluid trading experience and the trader to focus on their personal priorities.
Possibly the most frequently cited highlight of the MT4 platform is the Expert Advisor function. Expert Advisors give traders the possibility to automate their trading with an Expert Advisor that is most suited to their trading goals and style. This function is one of the principal reasons that so many traders chose MetaTrader 4.
Another extremely noteworthy point, and one that is often overlooked when considering which trading platform to choose, is the low resource nature of MetaTrader4. What this actually means is that traders experience minimal disruption to the computer whilst the programme is running. Therefore, the platform can react faster meaning trades and requests are implemented more rapidly than on other platforms.
Choosing the right platform is such an important decision when trading. It really can make the difference between profitable trading or not. It is by no coincidence that MT4 is considered the market standard, the go to platform. The best brokers will offer their clients this platform. Advantage FX is one such broker. They are an Australian based, ECN forex broker. They have won numerous awards including best forex broker and are renowned for their tight spreads and unparalleled execution.