Metatrader software review

Nowadays, online trading is growing and gradually becoming more popular. As a result, a series of online trading platforms were born, among them is the Metatrader 4 software. So, what is outstanding about this software? Let's find out in the content shared below!

I. What is Metatrader 4?

Mt4 was written and launched to the market in 2005 by a team of MetaQuotes Software, currently, this software is licensed to use and perform transactions. MT4 is considered a popular online trading platform with a simple, intuitive interface design for all types of customers. This is a useful tool for traders to use to predict prices and place orders of assets such as indices, commodities, foreign exchange, stocks, etc. With an extremely large indicator library. Although in reality, users may not use all of those tools, or even use less than 10%. However, the MetaQuotes team still provides everything users need. Their platform has been growing continuously, widely shared by the MT4 community.

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MT4 is extremely popular because here investors can easily review and create their own automated trading strategies. Currently, MT4 is considered one of the best trading platforms in the trading market, allowing automation of all user transactions on the system and is prioritized by brokers for use in Forex investment.

II. Advantages and limitations of MetaTrader 4

MetaTrader 4 is a legitimate platform and the most used trading platform in the world. This is a legitimate platform that complies with all security, stability and safety criteria. This platform uses many different languages ​​around the world.

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1. Advantages of MT4

1. Easily download the software to your computer, use and install diverse and flexible technical analysis tools, EA, and Robots.
2. Can view quotes and charts in real time.
3. High stability and security
4. Flexibility in operations.
5. Many products can be traded on the MT4 platform including stock indices, precious metals, energies, cryptocurrencies, Forex, etc.

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2. Disadvantages of MT4

Only MT5 allows trading of individual stocks and stock CFDs, but if you already have an mT4 account but want to trade stocks, you need to open an MT5 account from the members area without having to resubmit the application. confirmation profile.

Overall, MT4 is not too different but still has all the features for a regular trader to use.

III. Is MetaTrader 4 software really reputable?

According to experts, MetaTrader 4 software is quite reputable and rumors that this software is a scam are completely unfounded. First, you need to know that the parent company MetaQuotes is a provider famous for its extremely strict level of information technology security. They are managed by many multinational organizations. Therefore, users can judge that MetaQuotes is extremely safe and reputable.

However, there are also some major concerns that metaQuotes is a software company and will sell third parties licenses to operate their software. This is a business relationship permitted by law. But this means that their traders belong to many different target groups, can be reputable or can also be scammers.

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Along with that, if Meta Quotes sells their platform, it will no longer have anything to do with the transactions here. In other words, MetaQuotes will not interfere with any customer's investment service provision activities. Therefore, we need to understand that MT4 is just a support platform, providing Forex technical analysis tools. Therefore, this platform has no obligation or responsibility if a trader invests in a fraudulent forex broker.

It is important that traders cannot judge whether the MetaTrader 4 software is a scam or not based on the level of trust on Forex trading platforms. Therefore, investors need to be careful in choosing a broker. No matter what platform you use, if the broker scams, the possibility of losing money is still extremely large.

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MetaTrader 4 software is not simply a trading platform but also a powerful support tool for traders regardless of whether they are experienced or not. For a newbie, it will take a long time to get used to the platform. However, it cannot be denied that MetaTrader 4 software is quite convenient for traders with its analytical tools and diverse financial management capabilities that help users access the market quickly. and efficiency.

Hopefully, with the information provided by FXCM above, investors will understand more about MetaTrader 4 software and make the right choice when trading on the forex floor to bring in the best profits.

David Pac

Update 09 April 2024