Metaquotes’ MetaTrader 4, or MT4 platform is the most popular forex trading platform in the world. Despite its dated looks and rustic feel, it’s built like a tank and gets the job done – day in, day out. So what are some of the advantages of the MT4 platform?
MT4 Means Trading and Charting All in One Place
If you’ve only ever traded forex, you might be surprised to know that many other financial markets require you to have an account with both a broker and a data service. Even though a lot of online stock brokers now offer data as well, they still charge you a fee for it. This is a non-issue with MT4, you don’t even need a real money account to get access to real time data. You can do all your charting and trading with a single program, streamlining the trading process.
MT4 Means you can Trade Almost Any Market
MT4 isn’t just a forex platform though, with Vantage FX’s MT4 offering, you can trade all of the world’s most popular stock indices. Australia’s ASX 200, the UK’s FTSE 100, the US S&P500 and Germany’s DAX 30 are all available to trade. You can even gain exposure to the Chinese markets through our China A50 futures index.
It doesn’t stop there though; on the Vantage FX MT4 platform, you can also trade Gold, Oil, Silver, Natural Gas and a wide range of other commodities. Want to trade Copper? Palladium? It’s as easy as opening your MT4 platform and clicking buy/sell.
MT4 Means Automated Trading for Everyone
The MT4 platform unleashed automated trading on the world of retail trading. Before MT4, only big hedge funds and investment banks had the resources and know how required to develop and run ‘black box’ automated trading systems. With the arrival of MT4, all that changed, now anyone with basic coding experience can write their own automated trading system using MetaQuotes’ proprietary MQL4 language.
These days you don’t even need to know basic code. There are now a range of free and paid third-party products available, which allow you to design your own trading system, without ever learning a line of code. With lots of these products, designing your own automated trading systems is as simple as clicking and dragging. Automated trading has never been so easy!
Can’t be bothered? The inbuilt MT4 marketplace gives you access to thousands of automated trading systems, which can be leased for a modest monthly fee or bought outright. You can even get demo versions of these systems for free, allowing you to verify the developer’s performance claims using MT4’s advanced backtesting functionality.
Try the MT4 Platform for Free Right Now
Sign up for a Vantage FX demo account right now to begin your MT4 journey. You can familiarize yourself with the MT4 platform, place trades with 20K of paper funds, practice charting and even test out or design automated trading systems – all without ever paying a cent. MT4 has truly revolutionized forex trading.
Source: Vantage FX Blog