Magking MetaTrader 4 has first-class execution speed. MT4 tradingno secondary quotation, no order rejection Flexible leverage 1:1 – to 888:1。
MetaTrader 4, commonly known as MT4, is a widely used retail foreign exchange electronic trading platform developed by the Russian software company MetaQuotes Software Corp. Currently, MT4 software has been licensed to more than 500 brokers and banks worldwide. Released in 2005, MT4 trading software is extremely popular with retail foreign exchange dealers, especially its easy-to-use features, and even allows users to write their own trading scripts and smart trading (usually called EA) to promote automated trading. For most transactions Foreign exchange or CFDs (contracts for difference) online traders and investors, MetaTrader 4 is undoubtedly a household name.
MT4 is not only regarded as the most popular online trading platform connecting the global financial markets, but also as the most effective retail foreign exchange trading software (especially developed specifically for individual online traders). The online (electronic) trading platform is a computer software program used to trade various financial instruments. It operates as an intermediary through a network of financial institutions (brokers) (executing transactions to facilitate online transactions between buyers and sellers). Online investors can trade real-time market prices provided by the trading platform, and at the same time can increase profitability through additional trading tools provided by the platform, such as trading account management, online news feeds, chart packages, and even smart trading, that is, EA.
The current multifunctional online trading platform can be used to trade a series of financial instruments, such as currencies, stocks, bonds, futures and options, but the first such software version can only trade stocks. Until the 1970s, transactions between financial transaction brokers and their counterparties were still processed manually, and ordinary traders could not directly access global financial markets and could only trade through middlemen. It was at this time that electronic trading platforms began to be used to execute some of these intermediate transactions. The first such platform is mainly used in stock exchanges, also known as RFQ (Request for Quote) system, where customers and brokers place orders after confirmation. Beginning in the 1970s, electronic trading platforms did not have real-time quotation, and then gradually replaced it with the development of better software, with real-time order execution, real-time quotation, and an enhanced user-side user interface.
The first generation of Internet foreign exchange trading platforms appeared in 1996, which accelerated the development of foreign exchange and increased the customer market. Ultimately, online retail foreign exchange allows individual customers to directly access the global foreign exchange market and start trading currencies directly from their personal computers. Although the first-generation electronic trading platform is only basic software that can be downloaded to the computer, it still lacks a user-friendly interface, but gradually many new functions are added, such as technical analysis and charting tools, and the performance of the electronic trading platform has been improved. In addition, these functions on Internet platforms and mobile devices (such as smart phones, tablets) are also compatible with automated tools such as smart transactions.
With the use of online trading platforms, a rapidly growing foreign exchange market has also emerged. Individual traders can access global financial markets and realize online transactions through brokers and banks: retail foreign exchange. This market segment allows even small investors to enter the market with a small number of orders. The demand for more technologically advanced trading platforms continues to grow, especially for retail foreign exchange transactions, and the demand for individuals to directly trade in global financial markets has also increased. Released in 2005, MetaTrader 4 made it possible to allow retail foreign exchange traders from every part of the world to speculate and invest in currency exchange and other financial products.
Currently, more than one million retail traders use the MT4 platform in their daily trading activities to facilitate their investment decisions, thanks to its wide range of functions, such as automated trading, mobile trading, one-click trading, news feeds, Built-in custom indicators, able to handle a large number of orders, and a large number of indicators and chart tools. Not only suitable for beginners, but also for experienced traders, MT4 can be said to be the best model of trading software in the world today.
Automatic trading is a useful tool well-known to online investors. Traders use the MQL programming language of MetaTrader4 to pre-set a series of trading rules (entry and exit) to quickly and automatically place orders. Automated trading is also called system trading, and there is another big advantage: the emotional factors of the trader can often negatively affect investment decisions, but automated trading can place mechanical orders based on the trader’s settings, which eliminates the emotions in trading factor. Therefore, it not only has the ability to handle transactions on behalf of investors, but also can perform technical analysis during the transaction process.
The automated trading functions provided by the cutting-edge technology of the MT4 platform are quite complete, and the speed of executing repeated trading orders is absolutely impossible to compare with manual trading. For many investors, this can save a lot of time for tracking and order execution.
Back-testing (testing trading strategies based on historical data) is another advantage of automated trading, because it can apply trading rules to historical market data, indicating that investors evaluate the efficiency of several trading strategies. Through proper backtesting, traders can easily evaluate and adjust trading ideas and apply them in subsequent trading practices to obtain better results. Although the method is effective, the automated trading market is also complicated, especially for novices, it is recommended to start with a small trading volume during the learning process.
In addition, potential mechanical failures will also affect the results of automated trading. Many traders with poor internet connection have to manually monitor automated trading orders. In order to eliminate negative factors, such as slow internet speed, computer failure, or sudden power failure, the free Magking MetaTrader 4 VPS (Virtual Private Server) service based on optical fiber connection allows customers to connect to MT4 VPS and enjoy seamless transactions, ensuring automatic transactions and EA keeps normal operation at all times.
Automatic trading is undoubtedly the most popular feature of MetaTrader 4. It is worth mentioning that since 2014, more than 75% of US stock transactions, including NASDAQ and the New York Stock Exchange, have been executed through automated trading systems. MT4 automatic trading is also suitable for retail traders and investors, not only can trade stock indexes but also foreign exchange, futures and options, which is a huge advantage. The MT4 platform uses the MQL4 language, a proprietary script language for realizing trading strategies, which helps traders develop their own EAs (ie smart trading), custom indicators and scripts, and use the MT4 strategy tester to test and optimize EAs.
MQL4 contains a large number of functions that enable traders to analyze previous and current quotations, follow price changes through built-in technical indicators, and not only manage but also constantly control their trading orders. There are more than 30 custom technical indicators in MT4 that are convenient for traders to use. They can be used for various financial instruments to explain that investors can determine price dynamics, market trends, determine possible entry and exit points, and manage trading signals.
Different trading programs written in MQL4 programming language have different functions and provide traders with different functions. The EA connected to a specific chart window provides online investors with effective information about transactions, and can also place orders on behalf of investors and send orders directly to the trading server. In addition to its own technical indicators, investors can use MQL4 to edit their own custom indicators and use them in the MT4 terminal. MQL4 also contains scripts, but different from EAs, it does not execute any pending orders and is only limited to processing the execution of specified trades.
MetaTrader4 is designed on the basis of taking into account all the technical requirements of the 21st century, so flexibility is maintained to the greatest extent, and the core is mobility. This is why the MT4 mobile trading option allows traders to access the trading platform directly on their phones and tablets in addition to Windows and Mac systems. The trading portfolio and multiple trading account management/monitoring are actually possible. You can manage multiple trading accounts from one interface and operate directly on portable devices, such as smart phones, pockets and tablets, which gives investors clear trading advantages. The software is compatible with the IOS operating system. Apple computer users can follow market changes 24 hours a day and place orders directly from iPhone, iPad or iPod Touch.
MT4 mobile trading makes it so easy for investors to follow the global financial market instantly. They can place orders anytime and anywhere, and manage their accounts without a computer. In addition, mobile device transactions also provide a wide range of analysis functions, graphical display of quotes, which is conducive to account management. MT4 mobile trading options are available on mobile phones and tablets, just like on computers. Online investors can execute their orders at the same speed and using the same trading tools to obtain the most optimal results.
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