MetaTrader 4 – An Ideal Platform for FOREX Trading

by Jul 31, 20120 comments

Platform : iPhone
Rating : 4.5
Positives :
Negatives :

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MetaTrader 4, one of the most popular trading platforms now made available for the iPhones and iPad’s, helps you make money from wherever you are.  The Meta Trader series of apps have all been favorite picks as trading software platforms by many of the FOREX trading brokers. This is due to the fact that these platforms are very reliable and stable; they are also very easy to work with. The MetaTrader app ensures that FOREX traders stay in touch with the instantly changing stock market and can be fully aware of the stock market; this is really essential because of the volatility that prevails in the stock market. MetaTrader 4 has been developed and launched by the famous MetaQuotes software Corp. This app delivers all the news and instant updates through a notification feature in it. You can access the app even while you are travelling for your work with the help of the internet and the 3g and 4g technology.

Features

MetaTrader 4 has been widely used by various FOREX brokers due to the ease with which one can operate this software. The app is also very easy to follow. This trading software platform was first available for the PCs and laptops. The introduction of this to the mobile phones is sure to revolutionize the way in which the FOREX brokers work.  This has also been reflected in the increasing profits levels.

First time users can try sampling the app through a demo account feature. This will help the users gain knowledge about the app. There are more than 600+ brokerage firms that can be accessed using this app, so if you already have an account with one of these firms then you can get started easily with MetaTrader. This app supports different execution modes and also allows users to trade in directly from the charts. There is also an option to view your entire trading history. There are interactive charts which get updated instantly in relation to changes in the stock market. You can receive real time quotes for specific financial instruments that you select.

Users can also analyze the market situation with the help of 30 different technical indicators that are available. MetaTrader 4 also offers various MQL5 community services. Users will receive push notifications from the terminals of their desktops. MetaTrader has been made available in several languages. There will be very less traffic while you are trying to access the market to carry out any kind of trading activity. Users can also get information regarding changes in stock market even when they are in the offline mode.

Summary

MetaTrader 4 is a very useful app which is a must have for all FOREX traders and individuals who are interested in the stock market. You can download this app for free through the App store.

Good –The ease with which one can operate the app.

Bad – There can be more advanced features that can be introduced.

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