Metatrader 4 Forex Brokers

Metatrader 4 has rapidly become one of the most popular Forex Trading Platforms available. Used by both Asset Managers and retail traders, Metatrader 4 is regarded by those in the know as the Forex dealing platform of choice.

MetaTrader 4 is a truly multilingual trading platform and supports over 20 languages. The downloadable client terminal provides the facility to carry out trading orders and technical analysis in real time, allowing multiple currency pairs to be displayed at any one time.

As well as providing reliability Metatrader 4 also has many features to secure your trading built in. These include including high level encryption to ensure that transferred information is sent securely over the Internet between your terminal and your broker.

The real bonus with Metatrader 4 is in the ability to make use of programmed trading strategies, know as 'Expert Advisors'. These are easily installed on the platform and will allow you to trade both manual and automated trading strategies on your account.

Here we give five tops reasons why you should explore the MetaTrader 4 trading platform for your trading:

1. You Can Download Metatrader 4 for Free

The Metatrader trading platform can be downloaded for free from any MetaTrader Forex broker. You don’t need to open a live trading account to try it out.

Simply open a free demo account with a MetaTrader broker and you will be able to download and trial the platform in a risk free environment.

2. Metatrader 4 is a complete Forex Trading Portal

Many Metatrader 4 Forex brokers now offer the ability to trade a wide range of assets via the platform, including Forex, Commodities and Stock Indices.

The terminal itself supports a range of chart types including bar, line and candle charts which can be set to show multiple timeframe's for each currency pair. You will also find quality news feeds supplied by most brokers, from Reuters or Dow Jones for example. These feed directly into the terminal so you will be able to keep up with the latest economic developments as they happen.

3. Access to a huge range of trading indicators

Metatrader 4 Brokers will supply the platform with a large range of trading indicators including both common technical indicators such as moving averages to more advanced trading indicators. A wide range of custom indicators are also available and you will find these freely distributed on the Internet.

For those with an interest in programming the ability to code your own indicators and run trading strategy back tests is available.This is something that few other platforms offer.

4. Metatrader 4 Forex Brokers allow Scalping and Hedging Strategies

This allows traders to make use of a use a full range of trading strategies. Most brokers will also now accept the use of Expert Advisors (EA's). These are preprogrammed strategies that can be loaded into the platform to facilitate either semi-automatic or fully automatic on your account. These have proven particularly popular with traders as a means to add another dimension to their trading and boost their returns.

5. Metatrader 4 Is a Common Forex Broker Platform

Because Metatrader is so widely used you can easily run multiple accounts across different brokers and still use the same platform. This also means that you can easily move an indicator from one Metatrader 4 Forex broker account to another.

Any templates or Expert advisors you already have can be reused and you can easily switch brokers without the requirement to become familiar with a brand new trading platform.