I've got a guest article for you today. This particular one is from John Robinson (forextraders.com) and is all about the MetaTrader 4 platform, which I know is popular with a lot of my readers and subscribers. I don't use this particular platform myself but hopefully this article will give you all the information you need.
Due to the large number of brokers that are active in the field of forex trading, there is a large number of software and trading platforms available to traders. Similar to the case with brokers, some of these platforms offer very effective, competent solutions to the problems faced by a trader, while others are barely capable of meeting the basic requirements of analysis and the presentation of information. Fortunately, the MetaTrader Platform, which is becoming more and more popular with brokers these days, offers an excellent and innovative solution to the problems of forex trading while setting the bar at a very high level for the other offers in the market.
The main advantage of the MetaTrader 4 platform is its extremely successful combination of great functionality with exceptional ease-of-use. The simple and elegant interface of the platform hides the powerful features offered by it to both the professional and novice trader. The standard package comes equipped with such useful tools like the Ichimoku cloud, and the Alligator indicators, along with all the standard items like the RSI or moving averages, plus five different types of Fibonacci Series based indicators. And it is also possible to create your own indicators, or even install and use tools created by fellow traders online.
Prices are listed on the left-side graph in a simple yet clear form, while the main panel of the software allows the depiction of many price charts at the same time. You can monitor all of your favorite pairs in the same window by using this great flexibility of the interface. The standard package also includes an efficient expert advisor which lets you test your strategies in light of past price action with a single click.
Also, if you have any desire of creating presentations for your own use, or for the benefit of friends or clients, the descriptive powers of the platform are simply matched by no other offer in the market at the moment. Everything from triangles to up and down arrows indicating direction and momentum of a trend, horizontal and vertical lines that allow the depiction of the price action with great precision are implemented as part of the standard package, and a vast degree of customization, it is possible through the use of the various colors and sizes available for the creation of a chart form that suits your tastes and sensibilities.
The MetaTrader 4 platform is undoubtedly one of the most thorough and efficient solutions to the trade software problem, and it is getting more and popular with every forex broker and trader each passing day. Rest assured that if you choose a broker that makes use of this platform you will have little to complain about, and every reason to be proud of your trouble-free and profitable trading experience.
The main advantage of the MetaTrader 4 platform is its extremely successful combination of great functionality with exceptional ease-of-use. The simple and elegant interface of the platform hides the powerful features offered by it to both the professional and novice trader. The standard package comes equipped with such useful tools like the Ichimoku cloud, and the Alligator indicators, along with all the standard items like the RSI or moving averages, plus five different types of Fibonacci Series based indicators. And it is also possible to create your own indicators, or even install and use tools created by fellow traders online.
Prices are listed on the left-side graph in a simple yet clear form, while the main panel of the software allows the depiction of many price charts at the same time. You can monitor all of your favorite pairs in the same window by using this great flexibility of the interface. The standard package also includes an efficient expert advisor which lets you test your strategies in light of past price action with a single click.
Also, if you have any desire of creating presentations for your own use, or for the benefit of friends or clients, the descriptive powers of the platform are simply matched by no other offer in the market at the moment. Everything from triangles to up and down arrows indicating direction and momentum of a trend, horizontal and vertical lines that allow the depiction of the price action with great precision are implemented as part of the standard package, and a vast degree of customization, it is possible through the use of the various colors and sizes available for the creation of a chart form that suits your tastes and sensibilities.
The MetaTrader 4 platform is undoubtedly one of the most thorough and efficient solutions to the trade software problem, and it is getting more and popular with every forex broker and trader each passing day. Rest assured that if you choose a broker that makes use of this platform you will have little to complain about, and every reason to be proud of your trouble-free and profitable trading experience.
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