MetaTrader4, usually known as MT4, is a prominent advanced electronic trading platform used to automate trades. MT4 is software produced by a company called “MetaQuotes,” first launched in 2005. The MT4 platform can be used to trade cryptocurrencies, forex, commodities, and indices.
A broker runs the server component while the client software is offered to the broker’s customers; they then use the platform to place orders, live-stream prices, charts, and manage their accounts.
MT4 is incredibly popular, as millions of traders utilize it all around the world. It is pretty popular due to its customizability and adaptability, which each individual can use to match their trading preferences. In addition, it enables traders to automate their trading by utilizing algorithms that open and complete deals on their behalf based on a set of parameters.
It enables a versatile trading system that provides extensive technical analysis trading tools, a market for trading robots, trading alerts, etc. The platform was created to make things easier for users, from registering an account to earning money. In addition, there are ready-made tutorial videos and tools to assist people in navigating the platform as easily as possible.
How does MetaTrader4 work?
MetaTrader4 is primarily intended as