At Club de Capitales we have worked systematically to offer our readers a safe way to take their first steps as forex market traders . It is the turn of knowing one of the most prestigious platforms with which traders operate: MetaTrader 4 . We are going to dedicate a series of articles to this platform to reveal its secrets and how to carry out your operations with it. MT4 – that’s how it is popularly known – is downloaded for free from the developer’s website. Follow us, let’s get to know it inside!
What is MetaTrader 4?
In 2005, the Russian company MetaQuotes Software Corp. developed a platform for trading in the foreign exchange markets. He called it MetaTrader 4 and over time it became the platform of choice for traders.
MT4 has a series of advantages that have allowed it to prevail in the market. The two most important: MetaTrader 4 is free to download and is a lightweight program, so it will not affect the performance of your computer.
In addition to its desktop version – for Windows, Mac and Linux – its application can be downloaded in the Android and IOs versions. In other words, your operations will always be with you, from your smartphone or tablet.
Another advantage of the MetaTrader 4 platform and that at Club de Capitales we assign great value to it, is the possibility of enabling a Demo account . In this way, you will be able to do a deep training before opening a real account and start accumulating your first pips.
In your MT4 Demo account, you will be able to test your Trading Plan and your Trading System . You will have the opportunity to make corrections and prepare for the exciting real world of currency trading.
The first steps with MT4
One of the first things you should know is that MetaTrader 4 is not an online platform. You will need to download an executable – mt4setup.exe – which will then be installed on your computer.
Once the MT4 software is installed, the next step will be to open your forex trading account . We will not tire of repeating this to you: start your operations using a Demo account. Only when you feel confident and your system has passed the tests, go live.
MT4 allows you, at the time of opening your real account, to link it with the systems of the broker you have chosen. MetaTrader 4 is compatible with most of them. In this case, you must request the corresponding authorization from your broker for your account to operate with your platform.
Remember to make a backup of all the data of your account on the platform. In this way, you will be able to access it again in case of loss of information.
The benefits of this platform
Besides being free, MT4 offers multiple benefits for users. It is very simple to operate and has 24-hour online help. With this platform, you will have free signal indicators, which you can later expand by acquiring others that are of your preference.
In addition, the system offers you:
- 9 time frames
- 30 technical indicators
- Interactive graphics
- 23 analytical objects
The technical analysis services offered by MetaTrader 4 are perhaps one of its strongest points. The 9 time frames ranging from 1 minute to a month will allow you to make very accurate decisions regarding entries and exits.
Their platform already comes with 30 built-in technical indicators . But, if that were not enough, the developer company offers you 2,000 free indicators that have been developed by other successful traders and 700 paid indicators that you can add to your account. In this way, MT4 is successfully aligned with the parameters that you have set for your trading system.
All the information you need to closely monitor currency trading operations is on this platform.
If you already see with enthusiasm MT4, Capital Club and AvaTrade , one of the most prestigious global brokers in the world, they offer you the possibility to open your account with great benefits. It is a very simple step, click on this link .
