Traders can trade the global financial markets in various ways using the two main types of accounts provided by brokers: LIVE and demo accounts. Each broker provides different trading platforms to its clients through which they can access the financial markets. Traders use these platforms to exploit the opportunities available in both the Forex and stock markets.
MetaTrader 4
One of the most popular trading platforms in the world is the MetaTrader 4 (MT4) platform. The MT4 platform is top-rated among Forex and CFD traders globally and is considered one of the best trading platforms worldwide. Most brokers have partnered with MetaQuotes to provide the MT4 platform to their clients, given its popularity among traders. Traders can trade most of the tradable instruments offered by brokers, including Forex pairs, indices, stocks and commodity CFDs, among others.
The MetaTrader 4 (MT4) platform has many advantages due to its status as the world’s most popular trading platform. Some of its features include:
- One-click trading
- Automated trading strategies
- Comprehensive technical analysis with over 50 indicators
- Thousands of financial instruments
- Offered in multiple languages
- Trading signals and alerts
- Live market news
- Easily usable charting platform
- Instant execution of trades/orders
- Automatic trade execution
The above features set the bar for trading platforms when the MetaTrader 4 (MT4) platform was released and has helped it maintain its top position since then.
The MetaTrader 4 platform has a unique trading system that allows you to choose trades based on different trading strategies. The platform also provides three types of order execution, which help traders and investors worldwide to enter trades quickly at their target prices. Traders also get access to detailed graphs, charts and a host of indicators.
The MetaTrader 4 platform, also known as MT4, was launched in 2005 and has enjoyed great popularity since its launch. The platform grew its user base to over one million traders and investors in 2013, and the number has been rising since then.
To ensure that you can safely trade the global financial markets, you must choose a reliable and trustworthy broker licensed by the top tier regulators globally. Such brokers are required to adhere to strict rules that protect your interests as a trader, especially your funds.
A broker who goes out of their way to be licensed by a top tier regulator and is in good standing with the regulator is a safe bet for discerning traders. Choosing such a broker will ensure that your funds are kept safe, and the broker delivers the appropriate services to you.
When choosing a brokerage firm, you must:
- Consider the licenses held by the company.
- The quality of its customer service
- Whether it offers the MT4 trading platform
- What payment methods are available for deposits and withdrawals
- Educational materials provided by the broker
- How tight are the average spreads
- And finally, the opinions of past clients
By doing all the above, you will have gathered sufficient information about the brokerage company. You will then choose a broker who can deliver a seamless trading experience, increasing your chances of success in the markets.
Download Metatrader 4 & set up a demo trading account to start trading now!