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5 Basic Functions of MetaTrader

MetaTrader 4 is a free online trading platform that is supported by most of leading online Forex and securities exchanges. It offers a robust range of features that enable users to execute trades on almost all devices available in the marketplace today.

Rather than being limited to a desktop computer or a web browser, users can make trades on mobile devices and across different computer operating systems. This can make it easier for professionals to make trades while on the go, at work, or even while at the store.

Below is an overview of some of the features provided by the MetaTrader 4 platform.

1. Easy Online Trading

These days, making trades online shouldn’t be something that is a big hassle. By using MetaTrader 4, both traders and brokers can make trades and manage accounts from their personal computer. Since the program is live and reliable, it removes the need to make phone calls before executing a trade. Users can trade millions of dollars with the touch of a button, view advanced data, and create reports with little difficulty.

2. Mobile Trading

Since the MetaTrader 4 platform is created by an innovative company, it has been updated to support many modern devices. Users are free to use the device on modern tablets and mobile phones. The application is available for free from the Apple Store for users of iPhone or iPad. Those who use an android enabled device are able to download MetaTrader right from the Android store. This flexibility allows traders to keep up with the latest technology while still being able to use the same platform on their computer.

3. Compatible Devices

As mentioned, one of the best advantages of MetaTrader 4 is availability on many different devices. In all, there are five different supported operating systems, which are listed below. Since there are hundreds of devices that use these operating systems, MetaTrader is therefore compatible with almost all conventional devices available in the marketplace today. These include:

  • Windows
  • Linux
  • Mac OS Computers
  • Android-Enabled Devices
  • Apple iOS (iPhone & iPad)

4. Automated Trades

Another great feature of the MetaTrader platform is the ability to make automated and programmatic trades. Traders can use these features to set up stop limits or use automated programs to execute immediate trades. The application uses a proprietary MQL4 programming language that can be used for a wide range of functions to enable traders to maximize their abilities to execute effective trades. Using the free MQL4 community, users can download existing scripts or hire a programmer to develop a custom solution. Developers can also get assistance for developing their own applications either for themselves or for others.

5. Multiple Acocunts

Traders can use the platform to manage multiple accounts simultaneously by using the MetaTrader 4 MultiTerminal. This keeps everything in the same place so users don’t have to worry about logging in and out or switching platforms altogether. Rather, everything can be managed from the same window to maintain a more clear overview of the market situation. This can be especially convenient for brokers, who commonly manage hundreds of accounts and are constantly switching between platforms. By using MetaTrader 4, these users will make less mistakes and will be more responsive to changes in the market.

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