Sign in / Join
Meta Trader

How Meta Trader App Changes the Way We Trade

MetaTrader 4 (MT4) is the first type of meta trader app and it has made Forex trading a lot easier for traders across the globe.  MT4 was first made available to traders in 2005 and it has become popular over the years. Virtually all Forex brokers offer MT4 to their customers, which is one of the major factors responsible for its indescribable popularity.  You can access several assets or markets via this trading platform, including metals, currencies, etc.  It is undoubtedly the most convenient of all the available Forex trading platforms today. Despite the fact that many other trading platforms had been created since after meta trader 4 hit the market, it is still as relevant as it can ever be even today.

Continue reading to learn how the MT4 trading app had transformed the way Forex traders access the market today.

Available on all devices

You can access MT4 on virtually all operating systems, making it one of the most versatile Forex trading platforms ever. The trading platform is available to desktop and laptop computer users. It is also accessible via mobile devices. Both Android and iOS devices users can use meta trader 4. You can download the app to your desktop computer via the home page of your broker. You will most probably have to visit Google Play or App Store before downloading the app on your android or iOS device respectively. Some brokers enable their customers to monitor their trades on both desktop and mobile devices simultaneously, making it easy for you to control your trade.

Meta Trader

Interface is user-friendly

MT4 trading platform is very easy to use. You can navigate the platform without any special instruction, making it a good place for a beginner to start trading Forex. The simplicity of the platform is what makes it highly attractive to Forex traders across the globe.  MetaTrader 5 (MT5) is more complex than MT4 and may not be a good choice for beginners in Forex trading.  trade execution is also very easy.

Access demo accounts

MetaTrader 4 provides a demo account to every registered end user. However, you will most probably have to register with your broker before accessing the demo account. The demo account mimics the live account, the only difference being that the money available to traders on the demo account is virtual money that cannot be withdrawn. Most brokers allow free access to the demo accounts and their customers will not have to deposit money before using it.