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Why is MetaTrader 4 so Popular with New Traders

Why is MetaTrader 4 so Popular with New Traders

December 21, 2017

As all traders are well aware, the Forex market can be volatile and at times difficult to understand. New traders are especially vulnerable to the sporadic market behaviour that can yield significant profits or losses.

MetaTrader 4 has been navigating new traders through uncharted waters for a number of years. No platform offers a more complete set of tools and knowledge to help even the most inexperienced trader.  It is because of these aforementioned features that MetaTrader 4, also known as MT4, has become the most popular platform for new forex traders.

You may wonder, what the most enticing thing about MetaTrader 4 is? The cost. It’s free! As any economist or money enthusiast will tell you, costs can be the biggest barriers to entry into any new market. That is not the case with this platform -you’ll have one less to thing to think about with MetaTrader 4.

Security should be a priority for all new traders who are inexperienced to the market; fortunately, MetaTrader 4 alleviates any concerns with its high security standards. The user-friendly interface utilized by the program goes another step further in reducing any distractions from optimal trading. Customization features that can alter the visibility of charts or technical indicators (which can be viewed simultaneously) enable traders to fully adapt the platform to their personal needs for trading.

It is often said that knowledge is power and as a new trader there is so much to learn that it can be overwhelming. But once again MT4 can help. Amongst all its qualities MetaTrader 4 stands out as a learning tool that provides traders with a free library of software and articles aiding trader education, from complete novices to more experienced traders.

The platform is considered the market standard. This is mainly due to universal compatibility with all trade publishing services and its Expert Advisor capabilities. New traders who forgo the use of this platform could find themselves at a disadvantage as a result of its reputation.

When MetaTrader 4 was first introduced its innovative ideas made the competition obsolete but it is not these features today that make the platform so popular. It is the reputation and credibility of being the market standard that appeal to new traders all over the world.

By opening an account with Vantage FX you can have access to the MT4 platform, on your computer and or on your mobile. Vantage FX is an award winning Australian based, ECN broker. Not only can they provide you with a free MT4 platform, but also some of the tightest spreads in the industry and unparalleled execution speed.

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CFDs, forex and binary options are leveraged products and trading with leverage can result in losing more than your deposit. Trading CFDs, binary options or forex may not be suitable for you, so make sure you understand all the risks.

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