A trading platform designed to provide those in the industry with the information they need in order to make sure that their trading decisions are going to pay off, is exactly what traders can expect when they use the Metatrader 4. A Metatrader 4 demo will make it clear that this is a sleek, easy to use piece of innovative software is used by millions around the world and you too can now enjoy the countless benefits of having a reliable, up to date trading platform. You can also read more about Metatrader 5 to find out how to take forex trading to the next level.
But firstly, what are trading platforms?
The investment world is a complicated, exciting in industry to get into, and if you have come as far as to look into investing in a trading platform, you already know that the industry is a great place to make some extra money. Trading platforms, the kind which provides intricate technical insight and analysis, is the next step in the trader’s must-have set of tools.
To sum it all up in one simple, short definition, a trading platform is a piece of software used by just about every type of trader, to source important information and basically improve trade related decision making. Most times they are used for opening, closing and even managing their market position. The majority of trading platforms are hosted online, to provide up to date information as the numbers change on a day to day basis. Both free and paid for versions are available and depending on the type you select, you could be selecting the platform that will become your preferred resource for years to come. The best trading platforms out there are highly accurate and they won’t cost you a fortune. It is important that when you do your research into a trading platform, that you consider all that it has to offer.
Over the years, especially as the internet has changed the way in which the world of trade revolves, the trading platform has become the go to for traders and investors to place trades and to carefully monitor their accounts. Things change so fast in this industry that having a system of this kind is monumentally useful!
There are currently two main kinds of trading platforms. The first is the prop platform and the second is the commercial platform. The commercial platform is the most commonly used as it is aimed at the professional traders who are making their livelihood on the stock markets, whether it is by using it for their own gains or to assist their clients. These are the kinds of systems best used for gaining in-depth information. The prop platform is a fully customised trading platform used mostly by brokerages and are adapted to suit the specific needs of the broker and the company they work with.
Trading platforms are only as useful as their features, and, of course, the features need to suit your specific requirements. Popular features include news feeds, research tools, resources, real-time quotations and charting tools. Metatrader 4 features a technical analysis tool which is used to make informed decisions based on the direction in which the market is going. This technical tool consists of a series of charts which include 30 built-in indicators, well over 2000 free custom indicators and an additional 700 paid for ones. This feature is so popular because it will allow you to pretty much analyse the market at any level.
The next feature has to do with Forex trading. Forex is the most common and the most popular trade in the investment world and this feature makes this platform suitable for all kinds of Forex traders, no matter their skill level. This particularly flexible tool offers trading signals, technical analysis, mobile and algorithmic trading and a market of trading robots.
The trading and orders feature of this trading system allows you to implement your specific trading strategies, regardless of how complex they might be. This feature comes with 3 execution modes, (those being instant, request and market).
The news and alerts feature is also a must for any trading platform and is also available with the Metatrader 4. This tool empowers the trader by keeping them up to date about all of the latest market events and as such, it allows the trader to make the right trading decisions based on the current market. This real time information stream also helps to save time as you won’t have to take the time to carefully source the information yourself.
The virtual hosting is another feature that uses trading robots as well as signal providers to conveniently allow you to execute trades without wasting time. The virtual hosting operates 24/7 and it just about eliminates the possibility of interrupted operations of the trading robots and signal subscriptions.
Web trading is the final amazing feature that comes standard with the Metatrader 4 and it enables the trader to trade directly from their internet browser. Why is this amazing? Well it lets traders work from anywhere in the world (as long as there is an internet connection).
All of these features, when working in conjunction, create the ultimate trading platform, capable of transforming the way you trade, proving here is more than one reason why the Metatrader 4 will become your new favourite software.
Choosing the perfect trading platform
Even within the 2 trading platform categories, there is a wide range of software to have a look at. When it comes to choosing the right type of platform, there is a lot to consider. And because there is a lot to consider, it can become quite the mission to make sure that the platform you have chosen is the correct one for you specific trading needs. Before you start your Metatrader 4 download or buy a trading platform, you will need to know what you’ll be using it for and consequentially what types of features you are looking for.
The next thing you are going to need to consider, if you are the type of person who likes to work while you are on the move, is whether or not the platform you are considering is mobile. The beauty of being a trader is that you are not tied down to one place. Instead you can work on the go, which makes this career quite perfect for those who are keen on travelling and being more independent in their careers. Many trading platforms (but not all) are compatible with smartphones and tablets so long as they have reliable internet accessibility they can be optimally used. The Metatrader 4 is one of those platforms that will let you live your life on the move. The system works on all types of devices and browsers, and it can also be downloaded.
The next thing to consider is the price of your platform. Overly expensive platforms are not always guaranteed to be the best of the best. In fact, sometimes, the best trading platforms are those that are free to download and use. Again, your choice is going to be fully dependent on what it is that you are looking for and the features you will need. The Metatrader 4 is free to download, but to gain access to additional features, you will have to spend a bit to unlock them.
When it comes to selecting your platform, keep in mind that there are those types which are custom made for those brokers with specific needs. These types of platforms are highly specific in the information that they are programmed to provide and as you can imagine, this type of software won’t be helpful to you if it is not the type of system that you need.
The last important thing to think about is your overall requirements. It doesn’t always help to try out countless platforms and as a result, waste your time and money so make sure you know what you are looking for. Read the reviews, talk to those who are working in the industry, and settle on the one that you’ve tried out and decided that will work best for you.
Unlike other trading platforms that might require you to have a substantial amount of money set aside before you can use it, the Metatrader 4 is instantly accessible to anyone who needs it. Clients who choose the Metatrader 4 will start off with a free demo account when downloading the software, which will give them the perfect opportunity to try it out before committing to using it.
The 5 Biggest Benefits of using a Trading Platform
Now that you are well informed about what a trading platform is and what it is that the software can do for you, you are possibly wondering about the kinds of benefits that you can look forward to.
Today’s platforms have come a really long way and are now a vital part of the trade world. Originally, these systems started out with basic algorithms along with basic electronic trading and have evolved into systems capable of launching and completing financial transactions. The best trading platforms have become popular because:
It can give you access to helpful tutorials
Some of the best strategies for those looking for success focus on lowering the risk and upping the rewards. But when you are starting out, it can be difficult to create a strategy that will do just this. To aid those who are just starting out, as well as those who’ve been doing this a while without much luck, many trading platforms share insider tips and secrets alongside helpful tutorials. The learning possibilities of having access to a community of millions of users are almost endless and what’s more is that since the platform is connected to the web, new information is being added all the time, while older information is consistently updated according to the constant changes within the industry. Users will also gain access to analytical materials and be able to gain loads of industry insight.
It allows you to learn through viewing
As the platform is a shared space, at least in terms of data, you can certainly learn a lot by simply observing what others are doing. It allows those newer to the industry to focus on what the best traders are doing and then learn new tricks that they wouldn’t otherwise have thought about. Most of the best traders are working with online trading platforms, and sometimes their methods can be figured out purely through watching. And once you see what they are doing and figured out their strategies, you can copy their methods to great success.
You won’t be left in the dark when you download a platform for the first time. Many trading platforms will offer a few trading programmes as well as demo accounts which provide an excellent learning experience, teaching you more about just how trading works. They are also capable of providing the opportunity to update existing knowledge and since they are often provided for free, it would be an opportunity missed if you didn’t take some time to browse the learning options.
One of the most sought after trading platform features is the availability of market signals. This is a benefit often associated with the better software systems out there. Market signals are often used by investors to make their well-thought out trading decisions and countless traders out there have made their money by carefully watching market signals and then creating their strategies. The platform itself also benefits from offering market signals as this is a feature that attracts new users. Signals are provided by experienced traders and are made available on a regular basis. In time, and with lots of experience, new traders will be able to spot their own market signals.
Real time trading
A system capable of hosting real time financial trading gives clients the opportunity to instantly react to any of the changes in the financial world. This allows traders to profit instantly from the changes or avoid possible financial ruin.
The Metatrader 4
The Metatrader 4 easily provides everything you could possibly need for successful Forex trading. From the amateur investor just entering this industry to the seasoned professional looking for a reliable trading system to further their successes, the Metatrader 4 is the perfect companion. The system is so popular that it has been adopted by millions of investors across the world.
The software has been developed by the minds at MetaQuotes Software Corp, which is a company that has a glowing reputation for developing immensely accurate software applications specifically for the financial market. MetaQuotes is also the developer of the Metatrader 5 trading platform, another system beloved and trusted by investors. MetaQuotes was founded 20 years ago and currently has representatives across the globe.
Those keen on taking their trading expertise and success to the next level can download the software and open a free demo account right now by clicking on the download option or by creating an account and accessing the trading platform via a browser. Our system will take you on a new journey, allowing you to expand your knowledge and start making financially successful choices.