Metatrader 4 is the most popular forex trading platform currently available. The platform connects thousands of traders around the world to the forex market and the forth edition has quickly gained recognition as the premier forex platform. MetaTrader 4 is developed by the company MetaQuotes, which also delivers the real time data feed and market prices. The choice of both professionals and amateurs alike, Metatrader offers a secure, stable and advanced connection to the forex interbank market.
MetaTrader is a very efficient and stable platform and has a track record of less than 1% downtime due to loss of connection or technical problems. This allows the forex trader to feel comfortable that technical issues will not interfere with trading.
The Metatrader platform has all the functions that a forex trader could wish for, yet the platform never feels confusing or clustered and the interface is intuitive and easy to get hang of, even for beginners.
Metatrader has in it’s new edition added usability for handheld devices such as PDA’s and Palm pilots.
The real time market price data in MetaTrader comes from the live data stream from MetaQuotes and is updated immediately, which means no lag and perfect conditions even when heavy trading is taking place. This is a clear advantage over those platforms which rely on data from brokers, as you can be sure that you are looking at the same price data that the rest of the world is looking at.
MetaTrader is most commonly used as a forex trading platform, but is not exclusive used for this purpose. It’s also used to trade derivatives such as CFD’s, futures, options and even stocks. More than 100 brokers currently use MetaTrader as their platform.
What really sets MetaTrader apart from other platforms is the advanced charting software, which has nice detailed graphs and graphics and is second to none.
Another advantage is that most forex software, such as signals and robots are designed and written exclusively for this platform, as MetaTrader has it’s own macro programming code, which has an active community that has developed many interesting applications.
Traders that prefer forex expert advisors or other automated forex trading systems, will be pleased that there is an abundance of choice of forex EA’s and robots developed for the MetaTrader platform. As the code is readily available, there are constantly new robots being made and an open source EA project, where members strive to improve upon the original EA’s.
In conclusion, MetaTrader is the best choice for any serious forex trader. The interface, the community, the customization options all enable forex traders to trade as profitable as possible.