Forex trading is made easier using tools such as MetaTrader 4, also known as MT4. There are many reasons why MetaTrader 4 is so useful as a trading platform.
All forex trading transactions can be conducted using this software platform. It is also a powerful tool for undertaking technical analysis, tracking quotes, finding forex news and reviewing market conditions. The system can be configured using a myriad of settings and will display all your candlestick charts, line and bar charts. The trading platform also keeps a record of your transactions, enabling you to review your previous deals and monitor your performance over a range of factors.
You can print information from the screens for future reference, forecast future currency trading and plan and track all your currency trading transactions. All the transactions and information you enter into MetaTrader 4 is held securely.
The software has a front and back end. The front end is installed on your computer and once downloaded you will see a user-friendly interface that is fully customisable to easily manage your currency trading accounts. The back end is located on a server, which is operated by your broker. If you want to keep track of your forex trading on the go, you can use MetaTrader 4 Mobile on your mobile phone or PDA.
If you are a broker, you will find the MetaTrader 4 trading platform indispensable for providing services to your customers. You are able to service all of your customer’s trading in the financial markets using this software. Technically, the software is powerful enough to operate the accounts of over 10,000 customers working on different accounts simultaneously.
There are many users of MetaTrader 4 who benefit from the company’s online official website forum, which provides assistance to clients on any aspect of using the software. Subscribers range from novices new to forex trading to experienced professionals.