The MetaTrader 4 (MT4) platform is probably the most recognized and efficient trading application for retail investors in the market. The manufacturer of this platform is MetaQuotes Software Corporation. MT4 is a powerful and reliable tool for trading Forex, stocks, and commodities. There are many trading platforms to choose from, but it’s essential to consider the broker that provides the platform and its associated services.
Advantages of the MetaTrader 4 platform:
It’s free and a very powerful trading system.
It offers a comprehensive set of diverse tools for trading decisions.
Customizable – you can create your own indicators and trading tools using a programming language that allows you to create custom indicators and automated trading robots.
It is used by over 300 brokers worldwide.
Provides real-time quotes for a variety of currency pairs, stocks, indices, and commodities.
Works on any mobile device running Microsoft Windows.
Allows the creation of virtual accounts for practice without any real investment from traders. Most brokers offer demo accounts for practice and testing trading ideas.
Offers complete backtesting capabilities, allowing you to test your strategies on historical data.
There is a wealth of information available on the internet about this platform, including indicators, strategies, and more.