Trade Forex on Your Phone with MT4
Thanks to the recent boom in smartphone technology and increasingly higher data bandwidth available in the last few years, we can enjoy connectivity like never before. MetaTrader 4 or MT4 which is the leading trading platform in the industry hasn’t failed to take advantage of this opportunity. In fact, the MT4 app for mobile phones and tablets has been out for quite some time now and has grown into a full-fledged trading platform and one of the most powerful tools for a trader on the go.
The MT4 trading platform is currently available on all internet-enabled devices and you can trade the financial platforms with MetaTrader regardless if you have a Windows or Mac PC or Android/iPhone phone or tablet. The MT4 app for mobile was developed to provide an almost identical user experience with the desktop version. Traders won’t miss out on any of the advanced functionality or tools by going mobile and the same interactive charts and analytics are available on all MetaTrader editions.
One of the advantages MT4 enjoys over other trading platforms; is its highly extensive ecosystem of custom indicators and drawing tools. With the MT4 app on your phone, you can analyze price movements, open positions and manage your account even when you are away from your main trading station. This allows for 24/7 access to the financial markets and the incredible opportunities they afford through an easily accessible interface. You don’t need to miss out on any profitable trades because you couldn’t log in to your account in time.
MetaTrader 4 gives you access to an extensive range of financial instruments which you can trade directly from your phone. Depending on your broker, you ‘ll be able to speculate on forex, spot metals, stocks, indices and the best-performing cryptocurrencies.
The MT4 app charts can be customized to your preference with different chart types including bars, lines and candlesticks as well as 9 different timeframes. The flexible customization capabilities of the platform allow you to modify the data from price fluctuations in order to have them represented in a more meaningful way. This makes it much easier for you to predict future trends and market movements.
MetaTrader is incredibly useful for both fundamental and technical traders because it features helpful tools that cater to both philosophies of trading the markets. Technical analysis is supported through the various technical indicators available built-in and traders also get access to the custom ones developed by the community on the marketplace.
If you subscribe more to the fundamentals approach or at least want to keep an eye on the macroeconomic aspect of trading – the MT4 app features a live economic calendar which is updated with all upcoming news events and high-impact announcements. All these are readily available at a glance without ever leaving the platform window.
Social and automated trading are also some of the most popular features of MT4. In fact, following forex signals is a very straightforward experience on MetaTrader, since you can directly copy the trades of signal providers automatically. Whereas normally, with third-party signals, you have to open every trade manually according to the trading signals you receive.
Likewise, Expert Advisors or EAs which are automated robots that scan the markets for trading opportunities – are also obtainable from the MT4 marketplace. Free and paid EAs can be found in MetaTrader 4 and once set-up, you can monitor their activity from your mobile phone and adjust accordingly.
If you are after a hands-off trading experience, the MT4 app is the ideal trading platform. By subscribing to a signals service or an Expert Advisor, even newbie traders can identify profitable trades within seconds.
Trading signals and EAs can be used on the MT4’s demo account first to evaluate their accuracy and reliability but there’s also the MetaTrader 4 Strategy Tester tool which provides a useful method to backtest your strategy or Expert Advisor. Just set the currency pair and date range for the historical data to be tested against your strategy and you will be presented with the results as soon as the tester goes through the data.
Being the industry’s most stable platform for more than 10 years now, MetaTrader 4 has become the default trading platform for most brokers and traders around the world.
If you are looking to trade multiple financial markets from your mobile device, MT4 is a world-renowned trading platform that is free and also has all the advanced tools a trader needs to succeed. The wide range of financial assets available through the platform offer countless opportunities and the massive community of traders that use it can provide timely support and advice at any time through the MetaTrader forum.
You can find the MT4 app on the official MetaTrader website or from your broker’s downloads page as long as it’s supported.