8 Reasons why MetaTrader 4 Android App is so popular for Forex Traders - Gadgets To Use

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The Forex market made a deliberate decision to adopt the MetaTrader 4 Android app trading platform as a market standard. But there is a very good reason why this decision was arrived at. For starters, MetaTrader offers advanced technology and heightened security, which allows you to open and close forex positions without worrying about the stability of your platform. Also, the platform offers more than 50 indicators all of which come preinstalled. It gives you 9 different time frames as well 3 different chart times. These features enable you to monitor the market with greater accuracy which enables entry and exit from the market with remarkable timing. Here are the reasons why the MetaTrader 4 is so popular with forex traders.

1. It’s available across desktop, web and mobile devices

Whatever platform that you select, you can run the MT4 android app without experiencing unnecessary lagging effect on your device. It is light and won’t overload the system, which makes it fast for immediate executions and trading. This is very important especially when you trade on volatile markets. Also, it gives users much better user experience,

2. User Experience

The Metatrader 4 Android App boasts extreme user-friendliness, which enables both experienced and new traders to trade the volatile and complex market comfortably and easily. Traders of all levels have reported that the platform is quite easy to use. With mobile trading platforms, you get to access your MetaTrader platform anywhere you might be. Also, the MT4 platform can be downloaded on your phone, tablet or computer.

3. Charts

Apart from its extreme user-friendliness and advanced trading features, the MT4 also boasts advanced charting capabilities. Thanks to advanced charting, the traders can not only trade but also simultaneously analyze the market’s technical aspects. Traders can change styles and colors of charts, as well as load present templates so as to reflect their personal preferences. This way, the chart is easier to use to read because you can get rid of functions you don’t like, allowing you to focus on your personal priorities.

  1. Profiles

Another thing that has made the meta trade 4 android trading app so popular among forex traders is the fact that traders can view their account information from the actual platform interface. Among the details accessible to you include trading history, account balance and password information. Traders can arrange the charts and windows for each profile in a manner that’s easy for them to follow. Also, each market can be set up as own profile to enable traders to switch between them quickly.

5. Security

When dealing with private and sensitive issues such as forex trading, you will want to be assured that you aren’t under risk of hacks or attacks on your account. If there is one thing that has made MT4 Android app so popular, it is the fact that it’s highly secure platform. The platform encrypts data between server and trader with a 129-bit key. In short, the IP address of your computer is concealed completely.

  1. It’s Customizable

The MetaTrader platform supports complete customization features, which allows traders to tailor the platform to meet their specific trading practices and needs. Among the customization features, you can add include an ability to develop Expert Advisors and advanced proprietary MQL programming language. Note that the codes designed for MT4 are incompatible with MT5, an important factor to consider when switching from one platform to the next.

  1. Communication

The MetaTrader 4 platform also features advanced communication features which allow forex brokers to not only post messages but also communicate real-time with their traders. The importance of this is that it avoids the need for complicated and long email threads, and simplifies the trader’s experience. For MT5, you can even add attachments to the emails.

  1. It is flexible

The MT4 trading platform was designed to support all currencies. It also enables traders to trader various other markets, for instance, futures, equities and commodities. This has made it a very popular trading platform among forex traders.

Conclusion

The Meta Trader 4 android app has become immensely popular among forex traders, and there are good reasons for this. Among the reasons for its popularity include that it can be accessed on desktop, mobile and even tablets. Others include it’s highly customizability, flexibility and advanced security and charts that enable you to analyze various trading aspects.



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