How To Use Metatrader 4?

If you’re already a trader, then you probably are aware of the meaning of MetaTrader 4 is. If you’re unfamiliar with trading then you’ll get an answer in this article. MetaTrader 4 (also known as MT4) is among the most well-known trading platforms around the globe. It is, in other words, MetaTrader is a software that lets you trade online and ดาวน์โหลด MT4 is completely free!

MetaTrader 4 is a effective platform that enhances the experience of trading with other components. It’s actually possible to trade on your mobile device, perform automated trading with expert advisors or scripts, view custom indicators, join trading signals and further extend the functionality of MetaTrader 4 by incorporating elements that are part of MQL5 Market. MQL5 Market. If none of this seems to seem to make sense, don’t fret that it will be explained be explained later on in the article.

Features

It is crucial to know it is that MetaTrader 4.0 is the full trading platform. It comes with all the essential tools to trade online.

Depending on the broker you work with, you may trade on the internet:

Securities (Google, Apple, Microsoft and others).
Indexes (S&P500 and similar).
Currency pairs (EUR/USD GBP/USD, USD/JPY and many more).
Commodities (Gold Silver, and Oil to name some).

MetaTrader 4 lets you look at current prices, and to download historical data free of charge. It is possible to open charts in various time frames to gain a better understanding of the trends in the market. You can incorporate indicators to conduct analysis of technical aspects.

Through MetaTrader 4, you can sign up to trading signals to trade the same signals that trades other traders in a synchronized mode.

One of the most effective features that is a highlight of MetaTrader 4 is its ability to be adapted to your requirements. With the MQL language you are able to, actually, write scripts that execute specific actions, create custom indicators in the event that the ones you have do not meet your needs for, or expert advisors who execute automated tasks, or even trade without your supervision. This is possible by using MetaEditor.

History

MetaTrader was created in 2002 in the company MetaQuotes Software and there are two major versions: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). While not the most up-to-date version, MetaTrader 4 is still the top spot in popularity among traders and brokers. Over time developers from all across the globe have developed an abundance of commercial and free components to help make MT4 even more efficient.

Operating Systems

MetaTrader 4 is available for the top operating systems. You can download it on:

Windows
Mac
Linux
Android
iPhone/iPad

But, take note that MetaTrader isn’t native to Mac as well as Linux. Therefore, if you wish use it with these operating systems, you’ll need to install some workarounds and an additional program.

Components

MetaTrader includes a variety of components. If you are a trader, it is not necessary to be worried about being aware of all of them in depth. It is nevertheless beneficial to understand the basics of what they are and their role.

Client Terminal is the program used by traders to view the prices and place orders.
Mobile App is an application designed specifically designed for mobile devices, such as tablets and smartphones.
Server is the application that runs on the back end, typically in the hands of the broker. It manages the prices as well as orders and keeps track of every single activity.
Administrator is a component used to manage the server.
Manager : to oversee the accounts of customers.
Data Center — type of intermediary, or proxy, to facilitate communication between Servers and Clients.

As previously mentioned as a trader you won’t require all the parts You will only be making use of only the Mobile App and Client Terminal.

Conclusion

As of now you’ll have an concept of what MetaTrader 4 trading platform is. The software is extremely popular due to its ease of use and extensive features. You will definitely gain from the use of this software in Forex trading.