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WHAT IS MT4 IN FOREX?

Updated: 9/19/2023
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Wiki User

12y ago

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MT4 is a forex trading platform, developed by MetaQuotes Software. The number 4 represents the version number.

MT4 is the most popular forex trading platform and MT5 comes a close second. Of course besides MetaQuotes, there are lot of other forex trading platform providers as well.

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Wiki User

12y ago
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Aylon Spigel

Lvl 4
3y ago

One of the most popular features of MT4 is the ability to write instructions that are followed automatically. This is called a trading bot. Some brokers allow you to have a demo account where you can test your bot to see if it is profitable or need some tweaks. Bit . Ly/ credit20percent for you when follow link.

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What is the best MT4 Forex broker?

There are a lot of Forex brokers in the world, there are hundreds of them. However, they all differ as for the services they provide and their reliability.


Can any one mention best kind of forex charts?

Most popular and easy to use Charts in my personal opinion is MT4. You can only try Tradestation, Metastock or E-signal however none of them are free. MT4 is free and provides real time data. I personaly use MT4 for charting and use another broker for live trading.


What are the best Forex Trading Platforms?

The best forex trading platforms is the MT4 platform (developed by MetaQuotes Software ltd) which is very popular across traders. Its easy to use and just about every other forex broker offers MT4 or MT5 trading platform.Besides MetaQuotes, you also have various other forex trading platforms that are made for ECN forex models and also a few web based forex trading platforms.


What is the Forex trading platform?

The Forex trading platform is software designed to quote the exchange of foreign currencies electronically. There are different types of trading platforms and the best kind is widely debated by banks and brokers. Forex Trading Platfrom is the software to exchange the currencies electronically. Mainly used platfrom for all is MT4. Fx Trading Platfrom is the software to trade with currencies based on the Fx Broker Platform. But mostly used Platform for all is Meta Trader 4 (MT4). Read More @ Integerfx.


What are the names of some of the FX Trading Systems software packages currently on the market?

There are many Forex Trading Software packages available currently in the market, some of them are C Trader API Trading Oryx MT4 and MT5 Fido Markets provides its traders with the best trading services using the MT4 platform.

Related questions

Is there any Forex Trading Company giving MT4 platform along with Islamic-swap free accounts?

Yes, there are Forex Companies that give MT4 platform along with the Islamic swap free accounts.


What kind of technology does MT4 use?

MetaTrader 4, often abbreviated as MT4, uses Forex Trading technology. More information about the stock trading technology can be found at the MT4 website.


What is the best MT4 Forex broker?

There are a lot of Forex brokers in the world, there are hundreds of them. However, they all differ as for the services they provide and their reliability.


What is the minimum currency value to be on the forex?

It mainly depends on the broker you choose to trade with.It varies with each broker according to their account types.Whereas Greenvault FX provide minimum one USD for MT4 classic and minimum 5000 USD for MT4 premium.


Can any one mention best kind of forex charts?

Most popular and easy to use Charts in my personal opinion is MT4. You can only try Tradestation, Metastock or E-signal however none of them are free. MT4 is free and provides real time data. I personaly use MT4 for charting and use another broker for live trading.


What is the best Forex trading platform (software)?

There are two major trading platforms namely MT4 and MT5 which are widely accepted by traders. Although MT4 is most preferred. See differences between both platforms and a poll on which is preferable. http://fxtradecity.blogspot.com.ng/2013/08/10-differences-between-mt4-and-mt5.htmlHowever your needs would depend on the type of platform that would be preferable for you. If you love charting then charting specific platform like trade station is ok. If you prefer simulations for training then Forex Tester is ok.


What are some beginner tips for using Forex?

Beginners step 1. Choosing the Best forex broker 2. open a demo/live account by MT4 platform 3. Before open live account, you can get adavice from experience person.


How did Ghana make money on trading?

By trading goods and by doing raxa


What are the best Forex Trading Platforms?

The best forex trading platforms is the MT4 platform (developed by MetaQuotes Software ltd) which is very popular across traders. Its easy to use and just about every other forex broker offers MT4 or MT5 trading platform.Besides MetaQuotes, you also have various other forex trading platforms that are made for ECN forex models and also a few web based forex trading platforms.


Where cano ne find an automated Forex program?

Automated Forex programmes are used to scan the market for favourable trades. There are a few places online to purchase these. According to reviews, the best programmes to use are Shark 7.0, MT4 or Ninja Trader.


What is the Forex trading platform?

The Forex trading platform is software designed to quote the exchange of foreign currencies electronically. There are different types of trading platforms and the best kind is widely debated by banks and brokers. Forex Trading Platfrom is the software to exchange the currencies electronically. Mainly used platfrom for all is MT4. Fx Trading Platfrom is the software to trade with currencies based on the Fx Broker Platform. But mostly used Platform for all is Meta Trader 4 (MT4). Read More @ Integerfx.


What futures brokerage companies have had account freezes?

The companies of brokerage that ad account freezes are The Cedar Falls, PFGBest and MF Global. Other companies that had the same fate were CFTC and MT4 Forex.