Online FOREX speculative traders use electronic platforms for their everyday trading activities. They started using these digital platforms in the early 2000s when the first licensed software came out. The company Metaquotes Software Corporation was the first to introduce the concept of Metatrader to the world. They launched the Metatrader 4 trading platform in early 2005, which took off tremendously. This forum has a user-friendly interface without a surplus of buttons or unwanted information. They keep the application crisp and to the point with the click of a button.
The MT 4 platform has successfully merged usability and functionality with a UI (User Interface) that is customizable. It has increased its popularity amongst both the young and older demographics. Traders prefer to use interfaces that are easy to understand with simple and crisp text and graphs. It allows them to process a lot of information simultaneously and make the appropriate investments at the right time.
How to install and use the MT4 platform from trusted websites:
Many trustworthy websites like the IC Markets provide the Metatrader 4 trading platform for commodity and FOREX trading. The following steps can be followed to install the application on respective devices:
- Visit the service provider’s website and assess the claims. If they seem legitimate, then proceed to avail of the service.
- Create an account to set up basic information as a trade user. The Dashboard will appear on setting up the profile.
- Download the application as prompted on respective devices.
- Open and browse the application to get familiar with the layout. Start monitoring respective trades and FOREX items as displayed on the screen. Trade safely on the platform.
- The platform is customizable for traders to feel comfortable operating it. This process allows them to make necessary changes and change the layout as per their information needs.
Reasons the MT4 platform has gained popularity:
- Availability of testers: The best part about the Metatrader 4 trading platform is that it lets people run a test before the final execution of the trade. It helps assess the human errors versus the system generated iterations and eliminate the errors in the back-end. The trading techniques are altered as per the historic quotations to give more accurate results.
- Highly Functional: THe MT4 platform has around thirty built-in indicators for technical aspects, nine types of orders, nine timeframes, and three options for order execution. The variety of options to choose from during the trade allows even the most experienced traders to assess the situation and choose the best options. The functionality of any application is fruitful only if the user experience is enhanced.
- Highly secure: The security of the trader’s information is a top priority. The Metatrader 4 trading platform safeguards all trade information using a 128-bit encryption system. It uses an algorithm that uses electronic signatures to encrypt and decrypt data as and when necessary. The flow of information between the traders and servers is cryptic to ensure 100% secrecy. The data gets encrypted at the receiver’s end; trade information gets shared.
- Customer support: Any good platform’s experience depends on customer support with community support. Codes can be created for the traders per their request by expert advisors to replicate signals. Custom trading systems are popular on the platform by contacting the right representatives for help. Customer support is also essential for new traders to help with the navigation on the platform. This forum is popular because of its fantastic community and customer support.