What is an MT4 Trading Platform?

Everyone who is already trading forex is familiar with the term MT4 trader platform or simply MT4. Those who are interested in starting their forex trading career will come across this particular trading platform as every forex broker offers it. MetaQotes Software Corporation, the creator of the MT3 platform which was the predecessor of today’s MT4 platform as well as the creator of the successor MT5 platform, has established itself as a market leader in the forex market. The MT4 trading platform is the most popular and most widely used trading platform available today and tens of millions of forex traders execute traders every day using MT4. An entire ecosystem has been build with MT4 at the core.

What is MT4 Forex Platform

The MT4 forex trading platform connects traders to the forex market. The trading platform is the most central tool to forex traders. It is where charts are analyzed for technical analysis, traders can get important news for fundamental analysis and execute their trades. All important financial tools are integrated in the platform, overview of deposits, withdrawals, complete trading history with profits and losses and total trade management controls. In addition forex traders can get an analysis of their trading strategy with all necessary parameters and the MT4 Forex Platform comes fully equipped with MetaTrader4 Expert Advisors which allows for full automation of forex trading using forex robots or EAs.

How to use MT4

There are many new traders who ask themselves how to use MT4 trading platform and the great answer is that operating the MT4 trading platform is very simple. The platform can be downloaded after opening an account and installation is a quick process. At first launch you enter your account number, password and server and you are connected to the forex market. The “Market Watch” window is where you see a complete list of all assets available for trading which besides currency pairs usually feature equities, indices, commodities and cryptocurrencies.

The “Terminal” gives forex traders a complete overview of finances, trades, exposure and account history. Other important features include the news section, alerts, your mailbox, articles and the MT4 journal. For automated forex trading, the code base and experts tabs will provide forex traders with the required tools. In addition there is a range of options to customize your trading screen, test your strategy, chat, analyze and execute your trading strategy if you trade manually.

MT4 Expert Advisors

One of the greatest aspects of the MT4 trading platform is that it comes ready to execute forex trading robots or EAs which stands for “Expert Advisors”. A simple search on topics related to what is MT4 forex automated trading will show the sharp rise in popularity of automated trading over manual trading. Forex trading requires a large time commitment in order to cover currency pairs accurately and if this is done manually, a large team of experts is required. This is the reason professional firms have scores of analysts and traders at their disposal. Besides time and human manpower, this requires capital. Retail traders are unable to match this from their homes and trade with a big disadvantage.

This is where MT4 Expert Advisors come in as they provide every forex trader the tools in order to compete in the forex market. It allows for complete automated trade analysis, execution and management and all is operated from inside the MT4 trading platform. Picking the best MT4 robot operated by artificial intelligence will turn your forex portfolio into a revenue stream without the need to learn how to trade. The steep learning curve, frustration, stress and financial loss which used to be part of how to trade forex are in the past. Automated forex trading is the future and can turn every forex portfolio in to a profitable one!