Introduction Of Metatrader 4

Metatrader 4 is a forex trading software platform created by the MetaQuotes company. It is the single most popular forex trading platform in the world and for good reason. Today, almost forex traders use the MT4 platform. For the same reason, all good brokers offer the ability to interface with their trading system with Metatrader 4 on your computer.

Benefits Of Metatrader 4

• • First of all, it's totally free! How can a company like MetaQuotes get away with giving away the software for free? The reason is that it is so good that the brokers are the ones who pay for everything - they need special software themselves (on their servers) to allow their clients to use MT4 from home.

  • Another great benefit of Metatrader 4 is the user interface. You have access to over 50 built-in indicators and tools. But the most powerful thing perhaps is the ability to automatically trade.

  • Automated Trading: You can automatically trade by creating rules for the software to obey in your absence. This can range from just a couple of rules to a complex mathematical trading system. The best part is that you don't need to create the rules yourself. There are other people out there who have created their own entire automated trading systems for you to use. You can even test the system with MT4 against historical data to see if it is profitable: this is called a backtest.

Forex Expert Advisors (EAs)

Forex EAs are a recent innovation within the last few years. Traders, former hedge fund managers and Ivy League graduates have tinkered and tested with MT4 to produce fully-fledged, hands-off automated trading systems that are profitable both in the short and long term. These are commonly known as forex expert advisors, EAs, bots or robots.The days of most traders creating their own trading systems are long gone. Market conditions change so much and so quickly that it necessitates a much more complex robot - something that is beyond the capabilities and resources of most traders. There are a lot of robot in forex community - you can just use somebody else's and plug it straight into MT4.

Disclaimer

Foreign Exchange trading carries a high level of risk, and may not be suitable for all investors. Before deciding to trade any Forex Exchange financial instruments you should carefully consider your investment objectives, level of experience, and affordable risk. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with the Foreign Exchange trading, and seek advice from an independent financial advisor if you have any doubts.