There are so many different trading platforms out there that it can be difficult to know where to start. But it is only difficult if you don’t know about Meta Trader 4. Meta Trader 4, or MT4 as it is often called, is considered the industry standard in forex trading platforms.
Just rewinding to the late 90’s, developer started to produce specialist software for trading, also known as trading platforms or trading terminals. These terminals or platforms changed the lives of traders and made their job much easier.
Fast forwards and since the late ‘90’s, 20 years ago, there has been one platform, which is the standout performer and has gained a name as the industry standard over the past decade. MT4 from Meta Quotes Software Corp has become so popular that is synonymous with forex trading.
This platform is downloaded free from a broker, such as Vantage FX’s website, which then provides access. Alternatively, it can be downloaded from the developer’s website.
So what makes MT4 special?
When traders are questioned over what makes MT4 the go to platform for forex trading the same answers come up time and time again.
Firstly, functionality. The developers put in many different functions for trading forex instruments, to name but a few traders are give market and pending orders, online quotes, 9 timeframes a complete set of analytical tools and a news feed from major news agencies.
Added to this another huge plus point and area of strength for MT4 is algorithmic trading. In other words, trading using automated trading systems. Robots, expert advisors. There is the possibility to create personal advisor or robot of any level of complexity. Alternatively, if you are new to this area or not familiar with the MQL4 language, you can use the apps in the built-in apps store Meta Trader Market. There really is something for everyone and everything you need for efficient trading.
MT4 is available on the computer, but you can also use it on tablets and smartphones. These apps are 100% compatible with the desktop terminal. For example, you could open the order on your computer and then manage it from a smartphone app or tablet app.
Vantage FX offers its client the full range of platforms available in the MT4 suite, so includes computer, smart phone or tablet. This means you are never tied to your desk trading.