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If you have a little experience with the FX market, you would definitely hear of MetaTrader 4 which is the most popular platform for Forex trading. Even though you can easily find better and improved trading platforms, this old and very user-friendly structured alternative still remains the leading among the traders.
It was released in the previous decade and quickly became very popular in the financial market. In that period, it was a new light and window for the international traders which would help them to make better market analysis in a global view and trade with different finances easily. MetaTrader 4, the same as MT4, is the largest FX platform that is fully oriented to creating customized and easy-to-use space for every kind of trader.
Because it still is considered an old platform with an old-fashioned style, the owner software decided to increase the level of customization by adding new features to the MT4 platform. One of them is the newest update of MT4 1350, which aims to create a more stable and flexible trading space for every type of user. Before we will introduce the latest news about added features, it is important to have detailed knowledge of what MT4 is and how it helps every trader to maximize their trading profits.
What Is MT4 And How Does It Work?
If you do not know much about the MT4, do not worry, because here we will introduce you in detail. So, as we said this is the popular interface with market analysis, detailed portfolio features, guaranteed safety, and amazing trading probabilities, even for new and inexperienced traders.
It was released in 2005 and is mostly oriented toward FX trading. But if you are interested in trading with CFDs or other indices, you can use the platform too. But if you want to trade with something other than FX, we will advise you to start using MT5, which is the renewed version of MT4 and is mostly oriented on different commodities and stock trading.
After you decide to be part of MT4, you need to create an account and after finishing the simple forms, you can download your page. The process of mt4.exe download is very simple and available for every device. Firstly, you have to create an IG account which will be set up to MT4 later. After having the account, MT4 can be downloaded to your computer as well as your smartphone. You need to fill out the easy form with your IG account data to log in.
Then you can open a position from the orders section. You will see the order window with the different symbols, diagrams, volumes, and amounts of stop loss. In this window, you can choose the market for trading, the specific number of contracts for trading, as well as select amounts of stop loss and profits. You can lock the amounts for a specific level or period, which makes FX trading more opportune and effective to manage. In this section, you can also select the instant execution feature and leave a comment on the specific requirements or conditions.
After you finish the mentioned window requirements, you can place an order and choose the type, place, price, and expiry according to your wishes. It is important to regularly monitor your positions and place orders with simple shortcuts. The information will be shown in detail with the type, symbol, price, swap, and probable profit amounts. You should be flexible and the flexibility is dependent on the market. The trends, as well as actions from traders, permanently change.
It is essential to modify your orders and maximize the probable prospects not only with the high amount of profit but also with the level of guarantee. Additionally, as we said, MT4 is popular with its customized charts. You can use different tools to customize them with your notes and goals. Here are different visual elements such as lines, texts, trendlines, and others to draw your notes on the specific chart.
If you want to learn better from your experience, you can always check the trading history with the selected time period. The limit is 10 years. You can download these archive reports to your device as a file and check the history every time.
What Is About MetaTrader 4 1350?
There were several updates in the MT4 platform to improve the quality as well as accessibility for every trader. For example, the availability of different devices was improved in the version of MetaTrader 4 build 1335. Out of this, we have four central updates with the numbers from 1310 to 1340.
The latest update is 1350 which aims to avoid and fix technical issues and errors which were reviewed by platform users. Also, it aims to increase the level of stability and make the trading space more technically improved.
So, if you are just starting the trade on the FX market, you need to download MT4 build 1350 which is the way to trade without technical bugs and errors.
