MetaTrader 4 is widely recognized as the industry standard for trading among traders, owing to its ability to be able to be used by each individual's trading demands and style. Meta trade software also allows you to automate your trading by using particular algorithms that trade on your behalf depending on predefined parameters.
DEFINITION OF METATRADE4
The MetaTrader 4 software WebTrader platform is a contemporary HTML5 online application that allows forex trading from any internet browser or operating system without the need for need to download any extra software to aid the trading. Accounts of traders can be accessed and traders can begin trading online in just a few simple steps as long as they have access to the internet. The online version of the software can be somehow compared to the desktop version and offers the same benefits, except that the former is immediately reached through your browser. This makes the move from desktop to web much easier. As a consequence, the platform is extremely dependable and consistent with the entire MetaTrader 4 system.
FEATURES OF METATRADER4
· There is no need for additional download of software
· Simple, user interface
· Any Internet browser may access the markets directly (100 percent web-based)
· Can be accessed anywhere at any time in place (remote access to MT4)
· Advanced data security – all data transmissions are encrypted.
· The ability to trade with a single click
· Fully compatible with all downloaded MetaTrader 4 versions
· Capability to track the price fluctuation of all financial transactions
· 30 technical analysis indications
· There are nine distinct periods to pick from (1 minute to 1 month)
· All forms of trading steps are available.
· Market Watch provides real-time quotes.
· Keep a record of former trading operations.
· Price charts are classified into three sorts (bars, candles, lines)
· Registration in the MQL5 community is not required.
· There is no need for additional plug-ins or add-ons.
· The operations are moving quickly.
· There are graphical items accessible (horizontal and vertical lines, trend lines, channels, Fibonacci levels)
· Real and demo accounts are available.
A STEP-BY-STEP GUIDE IN USING META TRADER 4
To begin accessing the MT4 WebTrader platform, you must first sign up with an online broker and open an MT4 trading account. Choosing the best broker to begin your trading adventure with be difficult at times. So, choose a broker you can rely on, one that offers the best customer service, a diverse range of tradable instruments and tools, and a variety of account kinds to fit all trading styles.
Follow the following process to access the mt4 platform
· Go to the terminal.
· Log in with your account or create a new one.
· Fill up your information using the credentials you used to register with the broker.
· Fill up your actual or demo account details if you already have an account.
· Select a trading server and click OK.
· In a new window, your MT4 WebTrader trading platform will show.
REASONS FOR CHOOSING METATRADER
Both the MT4 trading platform and the MT4 Webtrader are good platforms for both experienced and inexperienced traders. They are easily customizable and offer an easy-to-use interface with basic functions. As a result, novice traders may quickly adapt it to their trading style and level of skill. As previously said, the MT4 provides different characteristics that facilitate traders' entry into online trading.
