Forex MetaTrader Brokers refers to Forex brokers that offer their clients the MetaTrader 4 trading platform (MT4).

If you are new to Forex trading and have never traded before, a “platform” refers to the software you use to trade forex. It allows you monitor the market through your Forex broker. MetaTrader, amongst other brokers and platforms, is now the most commonly used platform. MetaTrader Forex broker are plentiful compared to other Forex brokers – recommended site.

Why does it matter to select a broker who offers MetaTrader instead of another platform when choosing a forex broker? MetaTrader’s rise to prominence among all trading platforms was not a result of chance. Comparing it to other trading platforms, MetaTrader offers some distinct features. They’ll be reviewed quickly.

1. Downloading MetaTrader is free. MetaTrader forex brokerages offer their customers and prospective clients the opportunity to set up demo accounts and MetaTrader on their servers. Demo accounts allow you to practice trading strategies without having real money at risk. The platform is very intuitive once downloaded. There are many versions of the platform: Web, “Bronze”, etc. MetaTrader is available for download immediately.

2. MetaTrader charts are now integrated with the MetaTrader platform. MetaTrader users have not only the ability to view current forex prices, but they can also add oscillators and Technical Analysis (e.g.). The charts are integrated into the platform, so that MetaTrader users have access to current currency prices as well as Technical Analysis (e.g.). MA and RSI both exist in one application. MetaTrader’s home screen has all you need. This integration allows you to place orders in a very simple way. Select New Order in the Trading menu by right-clicking the chart. By clicking on the price you desire, the system will offer to create a new order. The system offers to open a new pending order if you select the desired price by clicking in that area! !

3. When you download MT4 charts, you receive two software programs for free. Some brokers offer the platform, but charge a fee for charts. These brokers charge a fee for access to charts. It is different when using forex MetaTrader Brokers.

4. Automation! MetaTrader has a built-in automatic system that is very popular. Forex MetaTrader is loved by both Forex MetaTrader Brokers as well as their clients. MT4 can be programmed using a language known as MQL. This allows for the creation of indicators, scripts and even robots. EAs, or Electronic Advisers (EAs), are basically programs anyone can run on MetaTrader. The robots can be used to automate different tasks, analyse data and generate alerts. They even automate the trading process!

Forex-Autopilot, one of the most popular EAs is now available. This MQL trader program makes the trading decisions on your account. It opens and closes trades every day while you sleep, play golf, or are working at your desk.

FAP Turbo, another robot by the same team. Forex Autopilot was a highly profitable product, and it sold the largest number of copies. But I prefer FAP Turbo. Only one reason that I can see why this product is not more popular than FAP Turbo, and that’s because it just came out in November 2008. FAP is capable of providing real-time results for trading (streaming information live from three actual accounts in real-time!) These orders are sent to the server.