MetaTrader 4 is software that is widely used by forex brokers to provide trading solution for their clients. MetaTrader or MT4 was first released in 2005 by MetaQuotes Software Corp., one of the software companies that are especially launching electronic trading platform to fill the lack of reliable tool for trading. This software is consisting of software that especially designed for both clients and brokers. The server component is run by broker and the software for clients is used by clients to track the market flow, charts and stream the prices in the process of managing their account.

MetaTrader 4 the Real Time Online Trading Platform

Image by www.metaquotes.net

The software for clients have Microsoft Windows based application that emphasizes the function as robot trader that is able to automate the trading. Speaking of the version of MetaTrader 4, since 2002 there are several versions that have been launched and each version has some improvements in the system and totally enhanced. However, in 2010 the successor of MetaTrader 4, MetaTrader 5 was finally introduced in the marketplace, initially was in beta version. Moreover, until now most of international brokers still remain using MetaTrader 4 instead of MetaTrader 5.

Some of you might be wondering about the main function of using MetaTrader 4 in trading process. Well, there is always speculation about the market trend in the future and this software is helping you managing all the speculations that possible to happen in front of you. In other words, by using this software, you as a trader has a professional advisor that advices you some possibilities or opportunities that might happen in the future in the form of script and custom indicators. By reading the indicator you can forecast all kinds of possibilities that will happen in market trend in the future and this indicator will help you making some important decisions. MetaTrader 4 is like a robot trader that is providing traders with information objectively. If you are familiar with the term trading psychology, you must have known that sometimes in trading you should put aside all of your emotions in order to make objective judgment and MetaTrader 4 is helping you in this matter because you cannot fully put aside  your emotions.

The MetaTrader 4 is offered in complete components that are consisting of MetaTrader 4 Client Terminal which is providing clients the real-time online trading and then MetaTrader 4 Mobile that enables clients to manage their accounts through mobile phone or cellular phone. MetaTrader 4 Server is providing one source solution for clients whereas everything that client needs available in this server from trade operation request, warrant execution and many more. The server is combined with MetaTrader 4 Proxy that enables to connect several clients’ terminals at the same time. MetaTrader 4 Administrator and MetaTrader 4 Manager are especially designed so clients could manage their server settings and accounts remotely.

This software is offered in licensed for retail forex brokers that are currently providing trading service to their clients. However, though MetaTrader 5 is already officially launched in the marketplace but still MetaTrader 4 is favorite platform that is used.

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