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What Is MT 4 And How Can You Use It For Making Daily Transactions?

The MT4, also known as MetaTrader 4, is an online trading platform that is now widely used by internet-based forex retail traders. It is most commonly utilized for foreign exchange trading on a day-to-day basis. The application was originally developed by MetaQuotes Software. They released the first version in 2005.

This software is licensed to specific foreign online exchange brokers who, in turn, provide it to their clients.

Key Features of the MT 4 Platform

The software essentially consists of two components: One operated by a client and the other by the server. TiMarkets will operate the server component and we will provide all necessary client software and support to our valued customers. Thanks to this application, you will be able to see live streaming charts, graphs, and prices. At the same time, you will also be able to place your orders and manage your account.

The MT 4 client software is an MS Windows-based application that has now become extremely popular because it is very user-friendly. It has the ability to allow you to write your own trading scripts so that you will be able to automate your trading activities.

While the software is usually associated with forex trading, but it is not restricted to forex alone. The platform is now being used to trade in a board range of markets including forex, cryptocurrencies, indices, as well as commodities.

The key reason behind MT4’s extreme popularity is due to the fact that the platform is very highly customizable to the individual trading preferences of the clients. You can use it to automate your trading with the help of advanced algorithms. These algorithms can open and close trades on your instructions according to a list of pre-set parameters.

Using The MT4 Platform For Buying And Selling Currency
  • Creating an account

In order to use MT4, you will first need to create your own live account. Once that has been done, you may set up your own MT4 account from the main site dashboard.

  • Download the MT4 Platform

Once you have successfully created an account, you will now be able to download the MT4 platform to your desired device. After the download is complete you may log in with the credentials of the account you had created earlier.

  • Open a Position

You can place an order by going to the ‘tools’ section and clicking on ‘new order’. You will be able to see the ‘order’ window after that. You can also access this window by pressing F9 on your PC’s keyboard.

  • Instant Execution Of The Trade

When you feel that you are ready to trade, click the buy icon. However, you should only do this in case you think that the market of the currency will rise in value. Alternately, you can sell if you feel that the market is in going to fall. You can also place trading offers by allowing the buying or selling of your currency at a pre-determined price. This way the trade will take place automatically, once the specific price is reached.

We are always ready to help you incase you have any issues or problems or require trading advice.

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