Budding traders or those who are new to trading will probably look for a trading platform that’s easy to use and won’t require a lot of programming and algorithmic knowledge. After all, even experienced traders will opt for a simpler and user-friendly trading platform.
This time, we will tackle the reasons why budding or new traders need the MetaTrader 4, one of the most popular and user-friendly trading platforms that we have nowadays. The MT4 trading platform was first created in 2005 by the MetaQuotes Software company. Ever since it was launched, the trading platform has become really famous and its upgraded version was also released later on. So, why do new traders need to use the MT4 trading platform?
MetaTrader 4 is Professional and Very Easy To Customize
Since beginners are yet to be familiar with the ins and outs of trading, they would mostly prefer a trading platform that is both sleek and professional. In this case, the MT4 is the best option among the pool of trading platforms available today. The MT4 trading platform is very easy to customize as well.
There are also three trade execution modes in MT4 – the Execution by Market, Execution on Request, and Instant. This allows newbie traders full control of their trades. Additionally, traders can choose from different order requests such as Stop Loss, Take Profit, and Pending Market.
Judging from the years that it has been running, MT4 is without a doubt trusted and reliable. It has operated in the market for 13 years and it has gained a huge number of loyal clients. Just that and you will know that you are in good hands. Also, if you conduct a research on the platform, you will see a lot of good reviews coming from satisfied traders and users of the software. One thing is for sure, new traders can have the assurance that the tools they are using are trusted and world-class.
Currently, there are a lot of trading platforms competing to be the best in the field. However, they are not independent in the way that they use in-browsers. With it, security concerns could arise. There’s also a high possibility of the service not running as smooth as it should be. But with MT4, the trading platform uses a completely independent program that runs smoothly without encountering errors and bugs along the way.
Trading on the Go
Budding traders are yet to adjust to the life that revolves around trading and the financial market. But with MT4, trading on the go is made totally possible. The trading platform can be downloaded on your mobile devices, both iOS, and Android. This should be great news to traders who also have a corporate job to juggle with.
It is Totally Free Amidst all the advantages that MetaTrader 4 can give to every trader out there, what’s more, fascinating is that it is free of charge. You can multiply your gains without paying for the trading platform. Your return on investment is almost certain here.