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Unraveling MetaTrader 4: The Powerhouse Behind Global Forex Trading
MetaTrader 4, or MT4, is a widely-used electronic trading platform, mainly for retail foreign exchange (Forex). It is used by traders around the world to buy and sell various financial instruments, especially currencies, but also commodities, indices, and other derivatives.
Developed by the Russian software company MetaQuotes Software Corp., MT4 was released in 2005. MetaQuotes has been in the business of building software for financial markets since 2000, with a special emphasis on foreign exchange, CFDs, and futures markets. They also created MetaTrader 5 (MT5), a more advanced version with additional features.
MT4 is primarily used by Forex traders and brokers. It offers a wide range of tools and features to help traders analyze price dynamics, create and use automated trading strategies, and manage trades. These include real-time charts, technical analysis tools, and comprehensive trade history. Its most distinguishing feature is the ability to use automated trading systems known as Expert Advisors (EAs), which can trade the Forex market 24/7 without any human intervention.
As for safety, MT4 has a range of security measures in place. Communication between the client terminal and the platform servers is encrypted with 128-bit keys, providing a high level of security…
