What is MetaTrader?
Speaking bout Forex, MetaTrader is not more than a reference trading platform between the different traders belonging to the currency market mentioned before. This is not only because millions of customers use it, but also because this one offers a large amount of brokers, giving the trader the benefit of not having the necessity of starting from nothing with their investment platform for each change of broker that is made.
MetaTrader4: Leader of trading platforms?
In few words, the fourth version of this trading platform is considered as the leader among all others and though since 2009 MetaTrader5 appeared, most of the different traders continue choosing to work with the fourth version of this successful platform. MetaTrader4 was created in 2005 thanks to the company MetaQuotes and though at the beginning the main objective of MetaTrader was exclusively of Forex currency trading, nowadays it is possible to use it in most of the brokers to also operate CFDs, commodities, among other derivatives. But, why is MetaTrader a huge success?
The success of this platform is due to different factors, among them we can mention that its use results to be very simple and intuitive, it does not require many resources from the computer to make its actions and have and efficient operation with a high performance. It has at its disposal a wide variety of indicators and tools in order to work with the graphics, and not only that, but it is also based on its own programming language, which is named “MetaQuotes Language” with which any user has the possibility of programming their own indicators or even their own “robots” or automatic systems in a completely simple way, so MetaTrader can make the order according to the conditions requested by the user.
Thanks to all these possibilities, it is very probable that any complement that a user can be looking for to strengthen and support his trading has already been developed before for someone in MetaTrader, and that this one is available online. The fact of being able to enter to an online data base which is available to offer the user a large amount of tools, indicators or even scripts in benefit of any trader, is something that they hugely appreciate. Another advantage that MetaTrader has is that, if all what has been mentioned before is not enough, the use of this platform is completely free.