Metatrader 4 is a forex trading software platform developed by MetaQuotes. It is the single most popular forex trading platform in the world and for good reason.
Today almost all major forex traders use the MT4 platform. For the same reason, all good brokers offer the ability to interact with their Metatrader 4 trading system on your computer. You can also get information about mt4 platform through various online sites.
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So what makes it so good?
Metatrader 4 Advantages
First of all, it's completely free! How can a company like MetaQuotes get away with giving away software for free? The reason for this is because it is very good that it is the broker who pays for everything – they need special software so that their clients can use MT4 from home.
Another big advantage of Metatrader 4 is the user interface. You have access to more than 50 built-in indicators and tools. But perhaps the most powerful thing is the ability to act automatically.
You can act automatically by creating rules that the software will follow in your absence. These can range from a few rules to complex mathematical trading systems.
The best part is that you don't have to create your own rules. Others have developed their own fully automated trading systems to use them. You can even use MT4 to test the system against historical data to see if it is profitable: this is known as backtesting.