What is the MetaTrader 4 Trading Platform?
Any serious Forex trader would have come across the Metatrader 4 trading platform. In fact, we are personally using Metatrader 4 in our day to day trading. Our popular trade signal service, Profit By Friday, is traded using the Metatrader 4 trading platform. Let’s make it simple… from here on we will reference the Metatrader 4 trading platform as MT4.
MT4 is widely available from almost all reputable Forex Broker and it is a platform that was developed by MetaQuotes Software Corp. MetaQuotes then licensed MT4 to all brokers who needed it hence the widespread use of this trading platform. Although the latest version Metatrader 5 or MT4 has been released, MT4 remains widely popular as many traders (including ourselves) are not ready to move the MT5. We are all in our comfort zone and do not want to find time to learn how to use MT5… unless one day, they decided to completely remove MT4 from the face of this earth which is highly unlikely.
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Key Features of the Metatrader 4 Trading Platform that we love
What makes the MT4 trading platform so powerful is the fact that you can use any indicators out there. Well, let’s back track. MT4 is like an open source platform where many programmers can program their own set of trading rules to aid them in their trading. Think about it… the Forex Market is a 24/5 market which makes it almost impossible for any trader to be trading and watching the market around the clock. So some smart traders have developed or program their set of trading rules into indicators and expert advisors to help them automate some or entirely all of their trading activities. In fact across our websites, you will find plenty of powerful trading strategies that we have turned into MT4 indicators (sorry… we have not started anything on MT5 at this point of writing). This is the single most powerful feature that has made MT4 widely used because plenty of traders and programmers started making their trading strategies into programs (although you really ought to be careful as most are just quite crappy out there).
Another feature that we like about MT4 is that you can also download the app on your phone these days. And in truth, we monitor the market using our phones when we are on the road. Sometimes, we even close positions from our phones and that’s something we find absolutely useful and convenient. We usually do not open new position on our phones as we want to look at full technical charts before making any crucial entries. But exits (since we already have pre-determined exit plans) can easily be executed using our mobile phones.
Where can you Download the MetaTrader 4 Trading Platform?
Without much hesitation here, we surely recommend Forex Brokers that we are currently using and feel that they provide excellent value and support. The 2 Forex Brokers that we highly recommend is XM Broker and Tickmill. We suggest that you open an ECN account when trading. Never mind the commission… pay it. It’s worthwhile as we prefer to have transparency rather than have hidden charges via wider spreads. Never think that there’s such thing as ZERO commission. It’s all a marketing gimmick.
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The main reason we strongly recommend XM Broker and Tickmill is because they have been reliable for us. No hassle in withdrawals and deposit and, of course, spreads have been ultra tight on the ECN accounts.
The secondary reason for our recommendation to download the Metatrader 4 trading platform with XM Broker and Tickmill is because they are currently offering a $30 No Deposit Bonus for just opening a live account with them. Open a live account with them and have your account verified to get $30 from each of them. That’s $60 in your trading account.
To download the MetaTrader 4 Trading platform with XM Broker, please click here.
To download the MetaTrader 4 Trading platform with Tickmill.com, please click here.
If you are from US, then you will be directed to MyFxChoice and they accept US residents.
Have fun trading with these 2 reliable brokers. You will love the MetaTrader 4 trading platform. Enjoy…
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