MetaTrader 4 platform is one of the most common trading terminals in the world. It has practically become the standard for brokers all over the world.
MetaTrader 4 allows the trader to perform trading operations and technical analysis in Forex, CFD, and Futures Markets.
The terminal can be conveniently downloaded on the broker’s website, since, in this case, there is no need to set it up. To start working with the MetaTrader terminal, it must be installed on your personal computer or mobile device. First, you need to register and then download the MetaTrader trading platform on the website of 24NewsTrade.
MetaTrader – Connection to MetaTrader is free. No monthly fee.
For 24NewsTrade customers: You should log into your account and download the trading terminal.
If you are not a 24NewsTrade customer: Just register a trading account and become a client of 24 NewsTrade.
Advantages of MT4
In comparison with other trading programs, it has a more convenient interface.
But apart from that, excellent functionality makes it possible to trade comfortably and efficiently as well as perform technical analysis. Every trader can use indicators, quotes, graphical tools, three types of charts, as well as a regularly updated newsfeed.
You have the opportunity to use nine time periods in creating charts, open as many windows as you need, and also test advisers.
If you have your own strategy, then on its basis you can create an advisor or new indicators. This is possible due to the fact that the MQL programming language is built into the platform.
All your operations are confidential because it is used a 128-bit encryption system based on a special algorithm and electronic signature.
You will always be aware of all trading quotes at the moment. Your operations will be archived and can be viewed at any time.
The big plus is that the platform is free, there are no restrictions on its usage.
Despite many advantages, nothing is perfect and this platform is no exception. It has a few disadvantages, but for justice, we need to list them.
Disadvantages of MT4
The main disadvantage is that calculations are not fixed and swaps are not removed. In order to be able to control them in the future, the calculation of swaps is carried out in the history of accounts, but in fact, the fixation is carried out in the server logs. At the end of the working day your opened positions will be closed, and when they are opened again, the price will be shifted. This is how banks operate using this terminal.
Novice traders talk about the inability to maintain swaps, but you can cope with this drawback with the help of a free adviser or parameter change.
Almost all the disadvantages found by beginners are the result of the fact that they did not perfectly master all the tools.
It is not difficult to work using this platform, a trader who has just started trading will quickly figure it out. It is convenient and simple for both a novice and an experienced trader. Technical requirements are not high, anyone with a computer, laptop or mobile device can use the platform. Now many Forex brokers give the opportunity to trade using this terminal, if you want to choose the most suitable for you, read reviews on Stockfx or reviews on 24newstrade, as well as read the information on our resource about your chosen company. There you will find all the information regarding this software.