If you are new to foreign exchange trading, and you want to trade successfully, then you should have sufficient knowledge of the forex
market and foreign exchange trading. In order to survive in the complex and volatile foreign exchange market, you should take help from an expert and try to get all currency rates live
The FX market (foreign exchange market) is regarded as the largest financial market in the world in terms of daily turnover and volatility. Everyday almost $5 trillion are traded in this market. Because of this, almost everyone wants to enter the market in order to earn some more money. But among them more than 90% face a great loss, since they start it without knowing the basics of it. Since FX trading is a complex system, it is almost impossible to gain profit without a proper strategy. So, if you want to trade with an effective strategy the most vital things that you need to have is a reliable forex
broker and a user-friendly trading platform. Some of the most popular trading platforms are- cTrader
5 etc. among them, MetaTrader
4 is the most popular platform. Traders as well as brokers prefer this platform because of its overall user-friendliness. The advanced features of MetaTrader
4 have made it even more popular. A few reasons have been discussed here as to why MT4
has become the most popular trading platform .
Almost 90%traders choose the trading platform because of its user-friendliness. The interface of MT4 is highly accessible and user-friendly. To make it more user-friendly, all the stuffs are placed at their right position. Another reason for its popularity is - it is designed and developed as per the traders’ needs. The indicators, which is the most used tools on the platform, is placed at the top of the platform, so that traders can find it easily. A market watch box is placed at the top left, below which a navigator is placed. And at the bottom of the platform there is a terminal, which includes ten sections (forex signals, experts, alerts, journal, mail box, code base etc).
- Multiple accounts are accessible:
The MetaTrader 4 platform enables traders to trade with multiple accounts. This is highly beneficial for those who prefer trading with multiple accounts. If you are using a platform that does allow you to access multiple accounts, then you have to log out from one account in order to log in to another. This is really time-consuming, and during this time you can miss out on several opportunities. By using the MetaTrader 4 platform, you can solve this issue, as this platform allows you to access multiple accounts.
- Several indicators:
A large number of indicators are included in this platform, so you don’t need to buy any indicator if you have this platform for trading. With the advancement of technology, the number of inbuilt
indicators in MT4
has been increased and upgraded. A few of the popular indicators that are present in this platform are- Stochastic, Trendline
These are the top three reasons that influence people to choose this platform and make it one of the most popular ones.