But one of the biggest boosts to Forex traders has been the introduction of the MetaTrader 4 platform. Soon after its release, MetaTrader 4 was recognised by most of the industry as the best trading platform to date. It was more than just functional. It changed Forex trading for the better, making it easier than ever to use. With Admiral Markets’ MT4 for Mac, among other innovations, the platform is now more accessible than ever.
These are the ways MT4 changed the way we trade Forex.
Simple and free
For new traders, difficult software can be a big turnoff. They want to dive right in, not spend days and months just learning how to use the platform. That time could be better spent learning the ins and outs of trading itself.
MetaTrader 4 has eliminated this challenge with its intuitive and user-friendly interface. While there are a multitude of different options and functionalities for more experienced traders, these do not muddle the basics. Anyone can use MetaTrader 4, without wasting time on unnecessary complications.
Furthermore, MT4 is free, which is important for those who are not completely sure that they are ready to trade and do not want to spend money on costly software.
MetaTrader 4 is not just a means of trading. It is also an excellent platform to do analysis and work out the best trades. It provides charts and other data sources, constantly updating and compiled for easy access.
Instead of trawling the web for the right information, MetaTrader 4 puts it in the palm of your hand.
For traders who use automated trading, MT4 is everything they could ask for. You can easily develop and backtest your trading strategy, as well as setting trade alerts and making use of Expert Advisors.
A note on the Mac version
MT4 for Mac for the most part functions exactly like the Windows version. However, since it is an emulated app, Admiral Markets advises against using it for automated trading. It cannot guarantee perfect accuracy, and if you plan on using EAs on a Mac, you should consider other options.
MetaTrader 4 continues to change the face of Forex trading
MT4 has been around for over 10 years, and nothing yet has come near to challenging its place at the top. It continues to make trading accessible to even the newest traders.
One of the long running complaints about MT4 is that Mac users have had a difficult time accessing the Windows only platform. Workarounds have come with many problems. Installing Windows on a Mac is far from ideal, and the Wine platform can be unstable.
With Admiral Markets’ MetaTrader 4 for Mac, trading is now much more accessible to Mac users. This is an important step forward, as more and more people are choosing Apple laptops. It’s now easy to trade, no matter what operating system you are using.