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Trading business

Make no mistake; the forex market remains the single biggest financial entity of its type in the world, with an estimated $5.3 trillion dollars traded every single day through this platform.

Much of this trade is now conducted through online
trading plaforms like Oanda and MetaTrader mobile apps, which enable investors
to access the market in real-time and from any conceivable location.

Despite since being superseded, it’s the MetaTrader 4
platform that continues to dominate the market and hold the attention of forex
investors. But why is this the case, and what advantages does the app hold over
the MetaTrader 4?

The
MetaTrader 4 – A Brief History

Since 2002, MetaTrader developers MetaQuotes Software
have released several versions of their mobile trading platforms, with the
fourth iteration having been launched back in 2005.

It was this release that saw the MetaTrader brand become a household name in the financial marketplace, and between 2007 and 2010 a large number of brokers began to offer the MT4 app as an alternative to their own proprietary software.

This was a seismic development, and one that emerged
from the overwhelming popularity of the MT4 among forex traders across the
globe.

This enduring popularity continued even after the
release of the MetaTrader 5 in September 2010, as the MT4 remained the platform
of choice amongst investors. By 2013, the MQL4 Programming language has also
been upgraded, in order to maintain the functionality of the MT4 and its meet
the needs of users.

Why is the
MetaTrader 4 so Popular?

In simple terms, the MetaTrader 4 remains the world’s
most used and popular mobile trading platforms.

As a result, this software is now licensed regularly
to brokers throughout the world, who provide the soft… Read More

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