How To Open A MT 4 Trading Account?

MetaTrader 4 is a popular forex trading platform boasting a variety of functions like indices, forex, commodities and cryptocurrencies.

MT 4 owes its popularity to its customisable trading settings and automated trading services. You can adjust your trading activities as per your understanding preferences. And you can also set a list of parameters to self-close and self-open your trading activities on this platform.

But as they say, there’s a flip side to everything, and MT 4 is no exception. The only downside of MT 4 is that you can access its services through its official websites. You need to download MT 4 on your cell phone or PC to leverage the benefits of this technical tool.

Keep reading this article to learn how to open a MT 4 trading account and use it to achieve your trading goals.

How To Open A MT 4 Trading Account – A Step-By-Step Guide.

Below is a step-by-step guide on opening a MT 4 trading account on your cell phone and PC.

Go to the official site of MetaTrader 4 and click on download MT 4
Launch the downloaded file on your device and mindfully fill in the required details. Ensure to record your login information before exiting the registration stage.

With this, you’ve successfully opened a MT 4 trading account. Now, whenever you want to conduct your everyday trading activity, launch the downloaded application, punch in your login details and there you go.

Easy, right? This application is supported by Windows, macOS and Linux. So, if you’ve any of these operating systems, you can easily download the MT 4 without any hitch.

Once you have created your MT 4 account, you’re prompted to a tutorial to test the features of this technical tool.

Why Should You Choose MT 4?

Many traders think that since MT 5 is an upgraded version of MT 4, it’s better and superior to its predecessor. However, that’s not the case.

The primary difference between both versions is the simple fact that MT 4 is more suited for forex trading, and MT 5 is designed to suit stock, CFDs and futures trading. Although MT 5 indeed has a wide range of features in addition to MT 4, they’re useless if they don’t serve your trading objectives.

It’s also the reason why many forex traders still prefer MT 4 over MT 5 to date.

Here’s why you should choose MT 4 if you’re a forex trader.

Trading System

The trading system of MT 4 is very flexible and can be customised per your requirements. This system has 3 execution modes, 2 market orders, 4 pending orders, 2 stop orders and a trailing stop.

Analytics

The analytics functions of MT 4 allow you to examine quotes and real-time price changes happening in the market.

It has 9 periods of interactive charts, 23 analytical objects and 30 technical indicators. It also boasts a free code base that provides several additional indicators and alarms you of even a slight movement in the market.

Built-in Market

The Built-in market of MT 4 is your end stop for the latest technical advisor or an expert advisor. This platform features over 2,100 technical indicators and 1,700 + trading robots to choose from.

Algorithmic Trading

Algorithmic trading allows you to implement and formalise any of your trading strategies as your Expert advisor. This frees up a large chunk of your schedule which otherwise was spent on hours of market analysis.