NAIROBI, Kenya, Feb 20 – Metatrader 4 remains the most popular trading platform all over the world not only for forex traders but traders in general. It is extremely safe and reliable, user-friendly, and has a very gentle learning curve. It is also very stable and offers tons of benefits both for beginners and advanced traders. Let’s take a look at some of the benefits of using the platform and why every forex broker should use it.
Easy Access to Fundamental and Technical Analysis Tools
One of the things that set Metatrader 4 apart from other trading platforms is the wealth of analytical tools you’ll get access to and how easy it is to pull crucial technical information on currency pairs, pattern trends, and volume. Some of these indicators include the RSI, Fibonacci Retracements, Relative Strength Index, and Moving Average Convergence Divergence.
In addition, the platform allows you to see the progress of currencies and pairs over nine different timeframes. The platform can be loaded with additional indicators too and advanced traders can even build their own indicators and integrate them into the platform.
Real-Time access to market liquidity and prices
The platform is also known for its ability to pull real-time information on market prices and liquidity fast and reliably. The platform’s “Market Watch” windows allow you to not only spot symbols and bid/ask quotes, but also to see details such as margin percentage, margin currency, spread, and contract size, among other things.
Easy to use on multiple devices
Another thing you will love about MetaTrader is how easy it is to use on a variety of devices. While you will want to use a multiple monitor setup to unleash the platform’s full potential, you can also use the platform’s multiple window setup to replicate the feel of a full setup on a tablet, laptop, or even a smartphone.
Plenty of trading options
Metatrader also offers a wide number of execution modes and automated trading options, which offers traders more flexibility and doesn’t force them to stay glued to their monitors at all times.
MetaTrader has four pending order types and two stop order types. You can use trailing stops and take profit orders to minimise downside risks. Trailing stop loss orders will close a losing position automatically once it reaches a certain predetermined while a take profit stop order will allow you to close a gaining position the minute it reaches the desired gain level.
High stability and security
Last, but not least, MetaTrader 4 is known for being one of the most stable and secure platforms on the market. The chances of you suffering significant negative slippage are close to zero if you use a reliable device and connection and all communications between servers and client terminals are encrypted with a 129-bit key. IP addresses remain hidden at all times too, which makes it nearly impossible for cybercriminals to get access to crucial account information or intercept transactions.
Conclusion
These are all reasons why MetaTrader 4 is considered one of the best platforms for forex trading and securities in general. So don’t hesitate to give it a closer look and learn as much as you can about its features, so you can get the most out of it.
