/* Forex-Main Adsense */
MetaTrader is an electronic trading software that created by MetaQuotes Corp.for online Forex, CFD and futures trading. And it was created in 2002. MetaTrader was one of the first truly programmable trading platforms that came complete with its own programming language.To succeed in online trading, a trader must have a fast, reliable, sophisticated and easy to use online trading platform. MetaTrader is an independent trading platform that was developed for trading forex, options, and futures.
MetaTrader platform that is independent of the forex broker. The brokers that support using the metatrader platform do package their own versions, but the back end software is maintained by the MetaQuotes Software Corporation.
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders.MT4 is designed to be used as a standalone system with the broker manually managing their position and this is a common configuration used by brokers. It allows advanced charting (with multiple built-in indicators), multiple-account and multiple-window management, setting all types of market orders (except for OCO) and features a C-like programming language (MQL) that allows development of the custom indicators, scripts and trading robots (called expert advisors in MetaTrader).
MetaTrader is a Free software. You don’t have to pay anything. You can download the platform from any MetaTrader broker or MetaQuotes themselves, open a demo account via it and use it for chart analysis even if you trade with a non-MetaTrader broker.
MetaTrader allows Simplicity and customization – there’s no terminology to learn and everything is done in 2–3 clicks. Charts and windows can be customized without any problems by any trader.
MetaTrader help to create your own indicators and expert advisors. After some basic coding training you’ll be able to create your own tools that will fit your personal trading style.
You can customize your reports and see a good statistical analysis in the standard MetaTrader account reports.
There are thousands indicators and expert advisors written by other traders and available for free download for your MetaTrader.
The platform consists of several standard windows and toolbars:
- Chart windows( display charts and indicators) – that’s where you analyze your currency pairs.
- Market watch is a list of symbols available for trading along with the most current Bid/Ask prices.
- Navigator allows navigation through different accounts, custom indicators, scripts and expert advisors.
- Terminal display lists open positions, account history, broker alerts, account mail and all the logs.
- MetaTrader 5 is designed as a platform for equity markets as well as foreign exchange, CFD and futures trading.
- Both MetaTrader 4 and 5 can use custom indicators and trading programs (called Expert Advisors) for trading automation.