Advantages of the Metatrader Platform
System Advantages
In any business venture, the business owners always tend to look for ways and means to make their operation viable. Hence, they will look always for benefits and advantages for any tools and methods that they will use.
The following are the advantages of the Meta Trader 4 Platform:
1. Financial market trading activities this program enables traders to analyze quotes, make trade in the financial markets and develop trade strategies.
2. Mobile account management- the brokers can manage their trading account, and investors account via mobile devices.
3. Real time trade operation provision this program provides trade undertakings, charts and technical examination in real time. The internal C-like program language enables brokers to
customized metatrader programming on trading strategies, signals and about 50 basic indicators.
4. Ease of operation the program allows to run using Windows Vista/XP/2000/98. Some users reported success in using WINE on Linux for the client terminal.
5. Mobile capability operation users can use their Windows Pocket PC 2002/Mobile 2003
6. Trade operation capability allows users to perform trade operations, display and execution of warrants. It also enables to send price quotes and news broadcasts; moreover, it also records and maintains archives.
7. Act as a proxy server this program can be utilized as a specialized proxy server and intermediary between server and client terminals. It unloads sending of price quotes from the main server.
8. Financial instrument timeframes availability there are nine time frames existing for each financial instrument that present detailed study of quote dynamics. It has 50 built-in indicators and tools which help to simplify the analysis, find out trends, identify various shapes and ascertain entry and exit points.
9. Hard copy availability the program has the capability to print charts of any instrument for "paper analysis" presentation.
10. Free-of-charge Code Base (Custom Indicators) It also provides specialized tool, which can be availed thru the Code Base (Custom Indicators) for free or from the MQL4 language. You will find Expert Advisors, which will fully automate your analytical and trading processes.
11. Trading in the terminal provides placing of orders thru the terminal and directly using the chart. It has embedded tick chart, which can help determine the entry and exit points.
12. Trade positions alert the program provides alert on trade positions to help the users track all favorable and unfavorable moments. This will allow implementation of all trading strategies effectively.
13. Trade transaction security there is security provision for making every trade transaction. The security procedures for all the data switch over between the client terminal and the platform servers is 128-bit encrypted. This set up is adequate to ensure the security trade transactions.
Moreover, the users can utilize the developed security arrangement based on the algorithm for public-key cryptography (RSA). The hackers will have difficulty intruding with this set up.
14. Powerful trading platform it can serve over 10,000 traders working with multiple accounts simultaneously.
15. Huge server capacity server is able to process numerous financial instruments with price quotes history going many years back.
16. Multi-currency support the program has multi-currency and multi-language supports which become a significant competitive advantage.
These above advantages make the Meta Trader 4 platform as the most popular trading platform in the world. There are now over hundreds of brokerage companies and traders which are using this platform. This is a testimony that it can deliver outstanding value and meets customer satisfactions.
Advantages of the Metatrader Platform
By: Eric Quentin
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