Online or electronic trading platforms are computer-based software programs used to place trading orders for various financial instruments through a network with financial institutions e. Online investors can trade on live market prices being streamed by trading platforms, as well as enhance their profit potential with some additional trading tools provided by these platforms such as trading account management, live news feeds, charting packages and can even use trading robots, also called expert advisors.
Until the s, financial transactions between brokers and their counterparties were still being processed manually, and traders did not have the possibility to access the global financial markets directly but only through an intermediary. It was also was during this time that electronic trading platforms started being applied to carry out at least a part of these transactions. The first such platforms were mainly used for stock exchange and known as RFQ request for quote systems, in which clients and brokers placed orders that were only confirmed later.
Starting from the s, e-trading platforms that did not provide live streaming prices were gradually replaced by more developed software with near instant execution of orders, along with live price streaming and more enhanced client user interface. The very first generation of internet-based foreign exchange forex trading platforms emerged in , making it possible for foreign exchange to develop at a much faster pace and for customer markets to expand.
As a result, web-based retail foreign exchange allowed individual customers to access the global markets and trade on currencies directly from their own computers. Although the first generation of such electronic trading platforms was basic software downloadable to computers and still lacking user-friendly interfaces, gradually new features such as technical analysis and charting tools were added, resulting in more enhanced attributes and also the option for these programs to be used as web-based platforms and on mobile devices e.
Along with the introduction of online trading platforms, a rapidly growing segment of the foreign exchange market had also emerged, which involved individuals who could access the global markets and trade online through brokers and banks: retail forex. This market segment allowed even small investors to access the markets and trade with smaller amounts.
The demand for technically more sophisticated trading platforms kept growing, in particular for retail forex trading, and the need grew for individuals to trade the global markets directly. Released in , the MetaTrader 4 online trading platform was just the kind of software that made it possible for a great number of retail forex traders to speculate and invest in currency exchange and other financial instruments from virtually every spot of the world.
Currently, over half a million retail traders are using the MT4 platform in their daily trading practices, benefitting from its wide range of features that facilitate their investment decisions such as automated trading, mobile trading, one-click trading, news feed streaming, built-in custom indicators, the ability to handle a vast number of orders, an impressive number of indicators and charting tools.
Automated trading is well known to online investors as a helpful tool to automatically process trade orders with extremely fast reaction time and according to a series of pre-determined trading rules such as entries and exits set up by traders by using the MQL programming language of MetaTrader 4.
Also known by the name of system trading, automated trading has another great advantage: as it carries out trades mechanically and based on the settings of traders, it excludes the emotional factor from trading, which may very often affect investment decisions negatively. The cutting-edge technology of the MT4 platform provides automated trading as its fully integrated feature, executing repetitive trading orders at a speed otherwise impossible with manual trading. For many investors this saves up a considerable amount of time from the routine of market watch as well as trade execution.
Backtesting i. On applying proper backtesting, traders can easily evaluate and fine-tune trading ideas, which they can later apply in their own trading practices for better results. Effective as it is, automated trading is also a sophisticated method to trade the markets and as such it, mainly for beginner traders, it is advisable to start with small sizes during the learning process.
Additionally, potential mechanical failures can also affect the outcome of trades carried out by the automated system, and many traders with poor internet connection are compelled to also manually monitor trades being handled by automated trading. In order to exclude any negative factors such as slow internet connectivity, computer failures, or unexpected power cuts, the optical fibre connectivity based free MT4 VPS Virtual Private Server service of XM ensures smooth operations of automated trading and expert advisors at all times by allowing clients to connect to the MT4 VPS and enjoy seamless trading.
Automated trading is undoubtedly one of the most popular features of MetaTrader 4. The fact that today automated trading on the MT4 software is also available for retail traders and investors is a huge plus, allowing trading not only on stocks but also on foreign exchange forex , futures and options. The MT4 platform uses MQL4, a proprietary scripting language for implementing trading strategies, which helps traders to develop their own expert advisors i. MQL4 encompasses a great number of functions that enable traders to analyse previously received and current quotes, follow price changes by means of built-in technical indicators and not just manage but continuously control their trading orders.
The trading programs written in the MQL4 programming language serve different purposes and present traders with various features. Expert advisors, which are linked to specific charts, provide valuable information to online investors about possible trades and can also perform trades on their behalf, sending the orders directly to the trading server. Along with this, by using MQL4, investors can write their own custom indicators and use them in addition to those already available on the MT4 client terminal.
MetaTrader 4 was designed by taking into account all the requirements of the 21st century technology and thus it ensures flexibility at its very best, the core of this being mobility. This is exactly why the MT4 mobile trading option allows investors to also access the trading platform, apart from their Windows and Mac operating system based PCs, directly from their smartphones and tablets.
The MT4 mobile trading makes it extremely easy for online investors to follow the global markets at any time and from anywhere, place and execute orders instantly and of course manage their accounts even when away from their home PCs. Additionally, mobile trading also provides a wide array of analytical options and the graphical display of quotes for proper account management. Since the MT4 mobile trading options are exactly the same for smartphones and tablets as for trading from table PCs, online investors can perform their trading activities at the same speed and with the same trading tools for best results.
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Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure. Experienced traders often use MetaTrader 4 Demo accounts to test new trading strategies before application in real trading. The contest lasts for a month. To participate in this contest, register for a new Demo account. All possible trading strategies and EAs can be used in this contest. OctaFX offers an easy entry into the crypto world.
Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform. Leverage : Trade with leverage up to , which gives you the flexibility of buying ten times more cryptocurrency. Simply right-click on the list of symbols. At OctaFX, we strive to offer the best trading conditions. The focus is on making trading easy and more profitable for traders.
Metatrader 5 Metatrader 4. MetaTrader 4 Web platform MT4 web platform allows you to trade from any browser on any operating system with a well-known interface of a desktop platform. Log in. MetaTrader 4 Desktop MetaTrader 4 is highly customisable. Download How to install How to uninstall. MetaTrader 4 Android Enjoy a complete set of trade orders, trading history, interactive charts, and the widest variety of supported devices—all that is MetaTrader 4 for Android.
Get it on How to install. Download How to install. Calculate your profit. Why Choose Metatrader 4? CFD trading. Easier Trading with Metatrader 4 Flexibility: There are several choices of currency pairs to trade in, as well as cryptocurrencies and CFDs. User-friendly: MT4 has a user-friendly interface that is suitable for traders of all levels. Customisation: Develop your own Expert Advisors EAs and technical indicators on MetaTrader 4 to match your trading needs and practices.
Windows and charts can be arranged for each profile according to your preferences. Charting tools: Advanced charting tools help analyze the technical aspects of the market. Language: The platform is available in multiple languages. Learn how to start Forex trading in 4 easy steps Learn how to start trading on MT4. Account verification: OctaFX encourages customers to verify their account by submitting a personal ID scan and proof of address to ensure transactions are authorised and secured.
Secure withdrawal rules: Withdrawals require email confirmation and customers are encouraged to use the same payment details for both deposits and withdrawals. Metatrader 4: Trade Execution Modes An order is an instruction to perform a trade. If the exchange rate changes while the order is being processed, a requote option becomes available, which the trader can accept or reject.
Execution on request: Prices are requested before the order is placed. Once the exchange rates come in, order execution can be confirmed or rejected. How to perform technical analysis of Forex Market MT4 opens with four charts by default, each representing a unique currency pair. How to use Autochartist MetaTrader plugin.
Chart types include:. Line chart: The most basic, showing closing prices. Bar chart: Shows open, high, low, and closing prices. Candlestick chart: The most popular, showing open, high, low and closing prices, including high and low prices for each period. Charting tools help identify trends and support and resistance levels for price forecasting. Trend: This is the most basic technique in technical analysis. It helps identify the direction of market movement, with the two major market trends being uptrend and downtrend.
Support and resistance: This allows determination of when and in which direction to open a position, and gives an indication of the potential profit or loss. Expert Advisor Trading Robots in Metatrader 4. Forex Robots for Scalping This strategy, called scalping, makes it possible to take profit opportunities even when there are only very small price changes. Learn more about CFD Trading. Learn more about Cryptocurrency trading.
Get access to live quotes and benefit from very low spreads. How to trade Cryptocurrency. Lowest spreads in the industry: Starting as low as 0. Start livechat.
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Download MetaTrader 4 (MT4) - platform for Trading and Technical Analysis for PC, Free crypto and stocks from famous companies for all new clients! Libertex MT4 WebTrader platform is not suitable for mobile devices. To start trading with Libertex MT4: Register MT4 account Download MT4 app Download MT4. Metatrader 4 (MT4) is based on the Metaquotes software and customized to feature No Requotes, One Click Trading and a Live News Feed.