Most of the brokers in the Forex markets recommends the Meta Trader 4 (MT4) over the world. The MT4 has become very popular in recent years due to the simplicity and stunning features. It is easy to use with a friendly interface, which is the favorite choice by most of the novice users.
The highlight feature is stunning built-in charting package that any trader would need to study their trades.This feature allows the users to choose between bar, line and candlestick charts, nine-time frames, Fibonacci retracements, 30 built-in technical indicators, support and resistance levels, trend lines, and many more tools. Additionally, the traders are up to date with live news which eases the fundamental analysis.
The customization of this platform is also possible If the traders are used to MQL programming language. The trader can customize automated trading strategies, custom indicators, and scripts. For those traders that are not familiar with the code, they can download ready-made Expert Advisors (EA), custom indicators and scripts from a large library offered by MT4. The MT4 libraries are either free or for a reasonable fee. Moreover, the MT4 allows the traders to check how well a strategy fits in a market simulation before implementing it under real market conditions.
In the last update, the MT4 included a signal copying and one-click trading. These are the trending of today. In the other hand, the MT4 versions are via PC, Android y IOS mobile applications.