Trade is the backbone of a developing economy. The advancement in technology has led to the emergence of various platforms of trade. The benefits provided by modern electronic trading platforms are making them a promising and hustle free medium for trade. One such electronic platform is MetaTrader which is freely available online and is the most popular retail trading platform where one can choose a broker. It was developed by MetaQuotes and released in 2005. The software is licensed for foreign exchange to the clients and the trade is direct via the browser.
Global economy and role of MetaTrader
The foreign exchange of currencies or Forex is a trading business of buying and selling currencies. MetaTrader is the most used and promising online trading platform for forex marketing. The components include a server and a client. The server is operated by the broker while the client component becomes the broker’s customers. It uses MQL script which is Marketing Qualified Lead which is a programming language similar to C/C++. It has the version for both mobile and desktop.
The impressive trading functions of MetaTrader includes:
We can create your own trading system using MetaQuotes Language 4 (MQL4) using the expert advice by exploring the trade strategies.
- Analysis, price moves, and trends are indicated and can be viewed in real time
- Provides professional graphics package
- Execution and monitoring of the trading
- Complete access to trading instruments
- It keeps the record of the trade history
- One-click dealing
- Trade multiple accounts
- It has a reliable data protection
- The data exchange between the server and client is encrypted.
The quality functionality of metatrader4 review makes is the best-known platform for forex till date as it provides wide analytical opportunities.