Why MetaTrader
MetaTrader 4 (MT4) is a free-of-charge program specially designed for online trading, for technical analysis, and for the development and operation of automated trading systems.
The MetaTrader offers you flexibility when managing your trading account, all types of market and pending orders are at your disposal.
Over 50 analytical tools for forecasting financial markets can be used. These tools will help you analyse the changes in price movement.
Operating financial news are an additional source of information that will help you make a correct trading decision.
In-built alerts constantly inform you of any important events affecting the markets.
Automated Trading
The MetaTrader platform allows you the possibility of developing and using automated trading programs (Expert Advisors or EAs) to do the trading for you.
By using Expert Advisors, you eliminate the need to sit for endless hours in front of a screen watching the movements taking place in the financial markets. Instead you can use your time to do something else. However, forex is one of the riskiest investments available in the financial market. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.
The built-in MetaEditor allows you to develop such automated trading programs, while the Strategy Tester can be used for testing and optimizing your Expert Advisor.
But there is more to it than that. When using MQL4, the trading strategies programming language, you can also create your own technical indicators and use them on the MetaTrader trading platform.
