MetaTrader4, also known as MT4, is the most popular trading software thus far in the world.MT4 is basically an online electronic trading platform which’s widely used in Foreign Exchange speculative traders, especially retail traders because it’s easy and effective tool to use. MT4 is developed by MetaQuotes and is being released in early 2005. The software is usually licensed to Forex Brokers who provide MT4 as a trading platform as well as charting sorfware to its clients. The brokers are those who run the server and they provide livestreaming foreign exchange prices, live trading chart as well as various indicator/tools to aid traders to make decisions while trading. Traders are able to place orders through MT4 as well as watch their account history, manage their fund in MT4.
MT4 is a Microsoft Windows-based application, it’s getting more and more popular because of its customization. It basically means traders or coder could be able to write their own scripts related to trading or even more, they could code robot (expert adviser) to do auto-trading according to their specification.
If you would like to know which brokers offer MT4 as their trading platform. Click here for the list of MT4 Forex Brokers.
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