5 Key Reasons Why You Should Try MetaTrader 4 Forex Brokers

The MetaTrader 4 platform is gaining a great popularity among Forex traders so there is a wide range of MetaTrader 4 brokers to choose from. While some Brokers have this platform together with their own platforms many use only MT4.


Here we would like to highlight the reasons why you should learn to use the MetaTrader 4 platform.


MetaTrader 4 can be downloaded freely


You can download the MT4 trading platform for FREE. You do not need to open a live account to check it because most Brokers are providing free demo accounts.

Take the chance to try the platform and get adjusted to its functionality without the necessity to open a live account.


MT4 can be used as a Forex Trading Portal


The MT4 trading platform supports a wide range of chart types. The premium charts provide real time value updates and can show data in different time-frames for each currency pair.

Many Forex Brokers are also offering quality news-feeds from Dow Jones news for instance that can assist to make MetaTrader a one stop dealing platform for experienced Forex traders.


A wide range of advanced Trading Indicators


Many brokers are offering the MT4 with a wide range of trading indicators. These include common technical indicators like moving averages to more superior indicators.


Custom indicators are available, too and if they are not offered by the Broker they can be downloaded for free from the internet.

For traders who know programming the interface is giving you a possibility to program your own indicators and strategies and perform full back-testing.


Forex Brokers with MT4 allow Scalping and Hedging Strategies


Most brokers allow “Expert Advisors” - it is an automated trading strategy which is traded by a Forex robot. They can be downloaded and copied into the platform to provide complete trading strategies with exact exit signals and trade entry.

Some ECN Forex Brokers are providing automated trading strategies (which you can choose based on past performance) on your account and can be left to trade 24 hours a day.


MetaTrader 4 is the most common Forex Broker Platform


Due to the fact that MT4 is widely used you can run several accounts across various Brokers and still use the same platform. That means you can easily shift an indicator from one MT 4 Forex broker account to another. Any templates or Expert Advisors can be duplicated easily, too.


An additional advantage is that you can switch from one MT 4 Forex broker to another without learning a new Forex trading platform.