What is MetaTrader 4?
MetaTrader 4, also known as MT4 is a digital trading platform that is used by retail foreign exchange traders. It automates trading and offers several technical analysis options. The tool is licensed to Blueberry Markets as a leading forex broker and anyone with a live or demo account can access to MT4.
What is a MetaTrader 4 demo account?
A MetaTrader 4 demo account with Blueberry Markets allows you to learn how to use this tool for free in a completely secure and risk-free environment.
How to trade on MetaTrader 4 app?
You can easily trade through the MetaTrader 4 app by finding the market that interests you the most under the ‘Market Watch Window’. After this, you place a trade by opening a position by double clicking on the market name The order is executed almost instantly.
What is the difference between Metatrader 4 and 5?
The biggest difference between MetaTrader 4 and 5 is that MetaTrader 4 is specifically built for forex traders to trade in the forex market, whereas MetaTrader 5 is built as a one-stop platform for trading forex, stocks, shares, CFDs, cryptocurrencies, and commodities. MT5 is more advanced and has a broader application base while MT4 is best if you only wish to focus on the foreign exchange market.
How does MetaTrader 4 work?
MetaTrader comes with two trading order types - market orders and pending orders. All market orders are executed in four different way: instant execution, market execution, request execution and exchange execution. In contrast, pending orders are only executed when the prices reach a pre-decided level.
Is MT4 good for trading?
MetaTrading 4 (MT4) comes with an extremely user-friendly interface, simple design, and excellent functionalities that make it a great source to start foreign exchange trading. It fits well with beginner as well as expert traders, since it comes with easy to advance functions one can build on.
What does MetaTrader 4 do?
MetaTrader 4 is a trading platform that helps in foreign exchange and futures trading. It allows you to analyse all financial markets, automate trading algorithms, analyze in-depth charts, and even perform expert trading operations.
How do I trade in MT4?
You can easily begin trading in MT4 by using the order window on the MT4 app, and place an immediate order in the market of your choice. If you are dealing in the forex market, you can select any currency pair that you wish to by clicking on the window tab which is visible at the top of the platform, and select ‘new’ window for the trade continuation.
Does MetaTrader 4 cost money?
MetaTrader 4 is entirely free to download and use with Blueberry Markets as your forex broker. The only money that you spend through the platform is when you place real trades through your live trading account. You can also see how the MT4 app works by creating a demo account and using the virtual funds to practice trading strategies.