Are you a novice forex trader who is inexperienced and wants to know about the best trading platforms? Though there are many trading apps, Metatrader 4 is the most popular and best trading platform for forex trading. It is an award-winning software for forex trading launched in 2005.
Millions of users connect with the brokers electronically and earn profit through MT4 software. According to the data from google analytics, the play store, and Apple’s app store, it is the most downloaded forex trading app of the year. You can also get an MT4 download for PC that can help you trade equities, cryptocurrencies, and valuable metals. So let’s know why it’s the best forex trading platform.
Gadget-friendly software:
Traders don’t carry each of their gadgets everywhere. They travel and work together. Well, MT4 is a gadget-friendly app workable on all platforms. It has versions for all OS like IOS, android, and windows for a convenient gadget jump. Moreover, its efficient cloud base server allows you to shift across your laptop, MacBook, and android smartphone or work simultaneously. So, you can continue to trade anywhere, anytime, without worrying about where you left. The efficient cloud connection of the OS version helps with hassle-free forex trading at your fingertips.
Expert Advisors:
For your busy schedule, Metatrader 4 has an automated mode for trading. This platform has numerous expert advisors with diverse portfolios and related expertise. Moreover, customizable EA connects you with brokers and trades on your behalf so you can earn greater profits. The unique trading algorithm makes this platform successful among other trading apps. Moreover, as an investor, one can develop an EA to work on an MT4 using an integrated development environment.
User-friendly interface:
Forex trading is not as straightforward as it looks. However, you can download MT4 for PC or Mobile and trade as an investor without trouble. The user-friendly interface of MT4 allows any newbie to do forex trading, which is a complex and volatile marketplace. It has different trading modes to serve you, such as stop orders and pending orders for scheduling automatic future actions. Besides, the quick stop loss and gain profit setting enable continued profit with limited losses. It has many other handy functionalities and features to boost your trading affairs to the max level.
Security:
It is a secure trading platform that keeps your data safe. It is free from bugs and doesn’t reveal users’ IP addresses at any cost. Moreover, it does end-to-end encryption of trader and server shared databases using a 129-bit key. So, your data, profit, and equities are in safe hands.
Best analytic tools:
The MT4 platform has many built-in features to modify your trading with the help of essential indicators and chartings. More than 30 technical tools like Moving Average Convergence Divergence (MACD), and Fibonacci Retracements help you get profit exponentially. Additionally, the Relative Strength Index (RSI), and On-Balance-Volume (OBV) provide clear trading and enable forecasting price fluctuations, level of resistance, and customizable financial alerts for your convenience. It shows nine different price charts at once. Hence, it provides unlimited chart access for trouble-free price analysis in one click.
It is the reason that Metatrader 4 occupies a 45 percent market share of forex trading with 1231 trading deals in 2021. Additionally, four years before, it had a trading volume of $1.567 billion in the IC market, which was increasing remarkably.
Easy Communication:
MT4 has a built-in communication interface to connect traders and brokers. Thus, it nullifies the need for third-party applications for communications. Its smart chatting board enables traders to communicate with brokers confidentially with 100% end-to-end encrypted data. It keeps your chats leak-proof and secures unwanted hacking bugs.
Profile:
The account details are also available on the user interface of Metatrader 4. You can control privacy too. Moreover, this profile information is designed to tell you everything about your trading. It shows trading history, account balance, and personal details. MT4 keeps everything confidential and secure because these details are sensitive. So, your profile information is detailed with all transactions and profit but secure.
Simple Accessibility to Market Prices and Liquidity:
Metatrader 4 is the best trading platform that connects traders with brokers electronically and trades currencies virtually like in real life. It provides a Market watch window that gives you the list of top-rated brokers and dealers. Therefore, you can choose any of them according to your preferences of displaying quotes with broker profiles. It gives a real-time bidding experience and doesn’t cause trouble. Besides, the depth market window is an essential feature that provides research about the variable prices of the same currencies. It keeps you informed about market prices, currency margins, spreadsheets, and profit percentages while dealing with brokers. Hence, it is a perfect trading platform for efficient trading.
Reliable trading platform:
Though many forex trading applications exist till now, MT4 is the most reliable platform. Even after ten years of launch, traders like to use it to connect with brokers because it is handy and reliable. Its 100% uptime allows you to trade 24/7 without any hurdles. Its efficient software design keeps your trading profitable and secure and gives traders and brokers confidence to trade without hesitations. Hence, it is a popular platform because of its reliability, easy functionality, and efficient news and trading tools.
Conclusion:
Metatrader 4 is the most efficient and user-friendly online trading platform. Other trading platforms are competitive, yet MT4 is the best, especially for beginners. All national and international brokers are available on Metatrader 4 software due to its multitasking profitable window, detailed collection of data and charts, unique analytical tools, and high-level trading opportunities. Since it provides both live and demo versions, anyone can download it for PC or mobile for quick-starting forex trading. You can begin trading by developing an account right away, as it has all the vital features to make you a successful trader.
