To become a successful trader, you will have to learn a lot about economic markets, the current situation in the market, currencies, socio-economic issues, etc. After learning the basics you may want to learn how to actually trade. For this, you will have to choose a trading platform. There are plenty of them, but let’s focus on the most popular and time-proven: MetaTrader 4. In this article, we will discuss why and what kind of traders use this platform as well as explain where to find the MT4 platform for Windows (or we already did).
MetaTrader4: underrated or outdated?
The MT4 has been used for Forex trading for 18 years. During this entire period, it proved to be a highly reliable platform for its advanced analysis of the market, multifunctional features and tools, and automated processes. Even though another, much younger and more complex version of MT4 exists – MetaTrader5, a lot of experienced traders tend to stay with MT4 due to its simplicity. The main features of MT4 are:
- opened access to forex quotes in real-time;
- 30 technical indicators, 31 analytical objects, and 31 charting objects;
- high security, data encryption through 129-bit key with a platform supporting RSA digital signatures;
- ability to use automated trading with Expert Advisors, which means the platform can keep trading with no humans around. Just set up the rules and the program will trade for you;
- can be used on any device: phone, PC, or a laptop;
- three trading execution modes exist on the platform: instant, request, and market.
Besides Forex, with MT4 you can also trade indices, cryptocurrencies, and commodities, via CFDs, but a lot of experts say that the best way to use this platform is to trade Forex and CFDs only. Also, MT4 works a little bit slower than its “child” – MT5, because it runs on 32-bits, while MT5 is a 64-bit program. But if you simply want to trade Forex and do not rush anywhere, then why should you download heavy and complicated MT5 when there is a simpler solution?
Choosing the right broker and downloading MT4
You can download the platform for free on the FBS website. There is clear instruction on how to install\uninstall the program on Windows. Before installation, you should create an account on FBS, which can be done in under 5 minutes.
Before all that we recommend you look for a trustworthy online broker. You won’t necessarily have to trust the article on the Internet, that is why conduct the research on your own. You should look for a company that hasn’t been involved in scandals, has a more or less clear reputation, and didn’t scam its clients. For example, FBS. It is an international company that has acquired more than 23 million traders across the globe. It is a licensed Forex broker with more than 60 worldwide recognitions. Why should you choose them? Read some reviews on the Web and do not forget to talk to customer support if you have any questions left. You can learn much more about trading Forex and become a successful trader even today with FBS.