Why Meta Trader is the Preferred Platform by Forex? Essay

MetaTrader 4 is the ultimate platform used in Forex useful for the large and the small traders.
The advantages can be listed
1. Friendly interface easy to understand for the new traders.
2. It is possible to make various types of transactions or orders in which cause the operations to be more flexible.
3. The platform has several techniques and tools that can be adjusted by the trader in accordance with their needs.
4. Graphics provides precise time frames from one minute to one month easy to configure.
5. It provides the tools to graphic analysis, ideal for analyzing price variables easily.
6. The platform works with programming language of MQL4, which offers the option that the trader can design, and custom indicators and automated systems or not depending on the strategies they prefer to use.
7. Backtesting has the tool that allows the trader to validate their systems before trying them with your money.
8. In MetaTrader 4 works with about 90 (ninety) indicators of technical data displayed by default, but each trader debug your list and uses it deems necessary in accordance with its strategy.
9. The MetaTrader 4 is used from an online platform and does not require any download to run, which is ideal because it facilitates the market access from any computer.
10. In MetaTrader 4 you can have as many accounts as you want which is ideal for novice traders can play with trends and testing with play money.
Among the most important components that the user must know they are
Graphic screen It is the Welcome screen where they are in the main menu and graphics assets with which they work are displayed.
Toolbar It is on top of the platform and provides the access to tools such as Fibonacci and the trend lines and is the menu with the boxes to display the timeframe of the chart.
Market observation It is an option that MetaTrader 4 has by default, and the data displayed bid and ask of the assets we are following.
Browser MetaTrader 4 is the parts of the interface where we need to work with screens that are displayed. The first is Accounts and keeps a record of the accounts with which we have worked and allows us to open the information faster. Then these indicators and these are the default that brings the platform, there is the most common as RSI, Stochastic or MACD.
Then there are custom indicators in which there are those who install the trader according to the preference or the arrangement.
Finally the Scripts screen which is a program of modules to work with repeated actions like opening and closing of the positions that appears. Constitute the basis of the Expert Advisors and the trading strategies that are the most used by the programmer are stored.
Terminal containing different tabs with the information, the account history, and the voice messages.