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Why is MetaTrader 4 so popular with new traders?

When starting out in forex trading, there are many questions that a novice will ask themselves, such as what pairs should I trade? how much should I risk?

What analysis should I do? Should I use an expert adviser? These can all seem overwhelming.

In addition to plenty of questions, there are also decisions to be taken and one of the most important ones is which platform shall I use?

There are hundreds of different forex platforms, provided by many, many different brokers. However, the best forex brokers will, without doubt, be offering their clients, the MetaTrader 4 platform.

Why is MetraTrader 4 so popular with new traders?

 What is MetaTrader 4?

MetaTrader 4, also referred to as MT4, is a globally renowned forex online trading platform.

This electronic platform is the most popular retail forex trading platform there is, used by both experienced traders and novices alike.

There are several reasons that the best forex brokers offer their clients this platform and these are the same reasons as to why the platform is so popular with new traders.

First, the platform is extremely user friendly.

Traders of all levels find the interface easy to operate, enabling novice and professionals the opportunity to trade volatile and sometimes difficult markets in a more relaxed and in control manner.

Furthermore, the MT4 platform is fully customisable, which means you can tailor the platform exactly to your own specific needs to suit your trading.

For more experience traders this means possibly developing Expert Advisors or technical indicators.

For the novice this means having the key information exactly where it suits you to have it, so analysis is quick and so that you don’t miss an opportunity.

The stability of the platform is also unparalleled. When trading there is nothing more frustrating than being on the point of opening or closing a position, when the platform you are trading on drops out.

The MT4 platform has a reputation for being one of the most stable platforms around, which makes it extremely capable of handling the fast-paced nature of the forex markets.

These are just two of the reasons that new traders are drawn to MT4 and why it is considered the market standard.

The list of benefits is actually extensive and includes, advanced, user friendly charts, and indicators, expert advisors, low resources on the pc, high security, I could go on and on!

Through which broker can I trade using MT4?

Vantage FX is an award-winning forex broker based in Australia. They offer their clients the MT4 platform, both for the computer or on a mobile app.

Furthermore, they are an ECN broker, meaning their spreads are some of tightest in the market whilst their execution is unmatched.

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