As a rookie investor, the forex market can become as puzzling as an over-the-top crime mystery unsolved even by Sherlock Holmes. It can be very overwhelming and frustrating if you’re not sure what you’re doing. That’s why the forex market has adopted the MetaTrader Trade Spot Gold and Silver 4 platform as its choice platform; it’s got plenty of advantages.
What is the MetaTrader 4 trading platform?
The decision to hail the MetaTrader 4 platform to be the go-to platform of forex traders was not really a random one. The platform provides advanced technology and enhanced security the combination of which lets the trader to open and close forex positions without the worries of stability in the platform.
The platform also offers more than 50 technical indicators that come pre-installed. The MetaTrader 4 provides the user nine different time frames and three different chart times. All these key features provide a trader the ability to monitor the market with accuracy, enabling entry and exit from the market with precise timing.
The MetaTrader 4 has a greatly user-friendly interface. This helps for new and experienced traders to trade on the complex and volatile market without too much pressure and with relative ease, making it ideal for traders of all level.
The mobile trading applications provide you access to the platform wherever you may be, making it very convenient even for traders who are always on the go. You can access the Deposit and Withdrawals MetaTrader 4 platform on your phone, tablet, or any mobile device you have.
Users from around the globe can benefit from the MT4 platform and all its data using their own native language since the platform supports a very wide selection of languages.
Aside from the MT4’s advanced and user-friendly trading features, the platform also provides advanced charting capabilities. This advanced charting feature makes it easier for traders to trade and analyze the technical aspects of the market at the same time.
You can also change the color and style of the charts, as well as load preset templates, to reflect your personal preferences. This makes the chart much easier to read. Another good thing about it is that you can remove functions that you think do not matter, you can easily shift your focus on your personal preferences.
This is one of the most popular features of the MT4 platform. Expert advisors help traders to automate their trades with a personalized EA that best fits their needs. This MT4 platform’s success and popularity are based primarily on its algorithmic nature of trading.
When you are dealing with a sensitive and private activity like trading on the forex market, you should be guaranteed of your security. You should not be in danger of attacks and hacks on your account. The MT4 is a highly secure platform that encrypts the data between trader and server with a 129-bit key. Even your IP address is completely hidden on the platform, making is more secured than you think it is.