MetaTrader 4 is the popularly used electronic trading platform designed by MetaQuotes. It is used by forex day traders and this trading software is licensed to the foreign exchange brokers who prove the platform to their registered traders for trading. This trading software enables the users to view the live quotes, pricing and also place orders. The significance of MetaTrader 4 was recognized between 2007 and 2010 and today many brokers have started using it as the alternative to their proprietary trading software. According to the MetaTrader 4 Review, it is the most preferred trading platform as compared to its successor MetaTrader 5.
The MetaTrader 4 Features
There are many good features that have made MetaTrader 4 the most preferred trading platform today. Fast order execution, tools for market examination, and effective account management are some of the qualities that define MetaTrader 4. This trading software is market standard and it is free to download as well. This software comes with the capabilities to be customized to a certain extent. It gives the users with the opportunities to automate the trading activities simply by programming it with MQL4 propitiatory language. Integration of custom indicator is also possible which is suitable for the demands of every online trader today. According to MetaTrader 4 Review, there are a variety of Expert Advisors and custom indicators that are compatible with this trading software. This means that switching from another software programs to MetaTrader 4 is much easier and simple. This is the reason why most of the customers are happy using it despite the arrival of MetaTrader 5.
The MetaTrader 4 Review has also stated a greater stability of the software and it is free from all bugs that hamper your trading experiences. Installation is also very easy and hardly consumes 15 minutes of yours.