The Metatrader Trading Platform is a free-of-charge program, specially designed for online trading. While the early versions from Metatrader was designed for the foreign exchange market only, Metatrader 4 and Metatrader 5 are multi platforms which allows trading Forex, Futures, Equities and CFD’s using one single platform.
The Most Popular Currency Trading Platform
It is not surprising that the Metatrader Forex Trading Platform has become the most popular trading platform very quickly. One of the main reasons for the popularity from Metatrader is definitely the very user friendly and intuitive program interface. This makes it even for a trader with no experience easy to get started.
More than 300 Forex Brokers to Choose From
Another advantage is the large number of currency brokers, which supports trading with the Metatrader Forex Trading Platform. Actual there are more than 300 brokers which do so. Market Makers, Offshore Brokers, ECN Brokers, NFA regulated and many more. A comprehensive list with brokers can be
Large Number of Technical Analytic Tools
The platform is loaded with more analytic tools you only can think of. Besides, the large number of technical indicators and drawing tools which are already included you also have the possibility to create your own custom indicators and scripts.
Stable and Well Performing
When you trade currencies it is important that the Forex Trading Platform you use is bug free, runs stable and performs well. If you ever used web based or java based platforms you know how difficult trading can be when you face all the time technical troubles. With the Metatrader platform, you will not face them.
Automatic Trading
Besides all other reasons, the main reason for the popularity is the possibility to use automatic trading systems. Automatic trading allows the trader to transmit trade, account and money management to so called Expert Advisor. There Expert Advisors are written in the programming language MQL, which is a c like programming language. Automated trading is still relative new but without doubts the future of trading. More information: Automated Forex Trading Systems
MT 4 and MT 5
Metatrader 4 platform was released in the year 2005, while the Metatrader 5 platform was released 2010. Actual version 4 is the more popular version but we are sure Metatrader 5 will gain more and more popularity with time.
For successful trading, a good trading platform is very important. Thanks for sharing nice post.
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