Looking for the Most Popular Forex Trading Platform? Let us Introduce MetaTrader 4.

MT4 logoThere are a number of things you will have to consider when you first start Forex trading. One of those will be finding the best Forex broker, because without one, you will be unable to trade. Another will be picking the best Forex trading platform to use, and there is one particular platform you will encounter more than any other…

What is MetaTrader 4?

Metatrader 4, otherwise known as MT4, is a trading platform that was developed by MetaQuotes Software. It was first introduced in 2004, and is used for online trading in the CFD, futures, and foreign exchange markets. There are a number of MT4 Forex brokers, but the software can also be downloaded directly from the MetaQuotes website at no charge. MetaTrader 4 provides traders with various tools and resources to help them analyse prices, place and manage trades, and use a variety of automated trading techniques. The MT4 we know and love today wasn’t initially as popular, though. In fact, it started life as a simple charting package that evolved over a number of years into what it is today.

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It has become the most popular trading platform by far, and more than 95% of Forex brokers offer it on their websites. So why has it become so popular?

MetaTrader 4 comes from very simple beginnings. In 2000, it was just a basic charting package, and online Forex trading was still very much in its infancy. When MT4 was released in 2005, online retail trading was still generally unknown, which meant that the variety of software was very limited. The fact MT4 was one of the first trading platforms in the industry has obviously been a major factor in its success; because there was no other choice for retail traders it was pretty certain they would use MT4 and become hooked. There are a number of other reasons why most traders will have tried MT4, though,  either via a demo account or a live one.

Now you should be able to appreciate why MT4 has gained such a reputation, and realise that it is well deserved. It didn’t become the market leader overnight, and it wasn’t a complete fluke that it became so popular. MetaQuotes continue to update their top trading platform, and there are always new features being added, so it looks set to be a high-ranking platform for many years to come. If you think you’d like to give it a try there are plenty of MT4 Forex brokers, and there are options to start live trading straight away if you’re confident about it. Alternatively, you could choose to try it out for size by opening a demo account.