The MT4 Platform is one of the most popular trading platforms in the world, used by traders of all levels. It includes charting and technical analysis tools, and allows you to trade almost instantly.
Let’s take a look at this platform to understand what it can do for you, whether you’re based in the Philippines or abroad.
What is MT4?
MetaTrader 4, also known as MT4, is a free trading platform published by MetaQuotes Software. It was first released almost 20 years ago, in 2005.
To this day, it remains one of the most downloaded platforms due to its ease of use. Its advanced features, including automatic trading, have also drawn in experienced traders.
Hundreds of CFD brokers now make the platform available to their clients free of charge, often as a complement to or in replacement of their native platform. This support has enabled MT4 to consolidate its position as the undisputed leader.
How MT4 works
Free, simple and packed with features: these are three characteristics that set MetaTrader head and shoulders above the competition, for many years. Let’s take a closer look at how MT4 works and why traders love it so much.
First of all, MT4 is a trading platform made available to you free of charge by your broker. Your broker will pay MetaQuotes an annual license fee. Your broker will recover these fees indirectly through the bid-ask spread, or commissions. This is also why you must first create an account with a broker before you can use MT4. Alternatively, you may also use MT4’s built-in demo account.
MT4’s ease of use sets it apart from the competition. With an intuitive and customizable user interface, this platform appeals to both professional traders and those starting out as day traders. Place your orders easily from the charts, in just a few seconds, manually or through the use of trading robots.
Automatic trading with MT4
MetaTrader 4 has quickly become a must-have platform thanks to its trading robots. These robots, which you can program as you wish, trade automatically and without human intervention. They can open and close positions based on decision rules that you define in advance. If you have programming skills, why not create your own robots and sell them on the MetaTrader marketplace.
Technical analysis with MT4
MT4 is a visual platform built around charts. By default, MT4 presents four charts representing the main currency pairs. But you are free to customize these charts, by changing their number and/or the choice of instruments. For example, if you are speculating on the price of gold, you may want to display the price of gold in dollars, the US Dollar Index and the yield on 10-year Treasuries side-by-side.
Finally, MT4 lets you personalize your charts with annotations, drawings and technical indicators. Easily overlays indicators such as Bollinger Bands, moving averages or the RSI. The platform comes loaded with 30 popular indicators. You may also create your own.
How to download the platform
The MT4 platform is now available on all platforms, with or without a download. Most brokers allow you to trade from MT4’s web version through their website, with no download required. You may also download MT4 to your PC, Macbook or your mobile phone from their website. You can expect the same level of service and functionalities, whether you trade on desktop or mobile.
Here’s how to get started:
- First register with a Forex or CFD broker. You will need to provide your full name, email address, telephone number and address.
- Download and install MT4 on your computer or mobile phone. You will need to enter your trading account’s credentials the first time you use it.
- Finally, fund your trading account before placing your first order.
Conclusion
In conclusion, MT4 is a popular and easy-to-use trading platform, offering advanced features for traders of all levels. It is a complete solution, with compatibility with many brokers, automatic trading and technical analysis. You can take advantage of all MT4’s features, whether you use a computer, Macbook or mobile phone.
