Metatrader 4 is an indispensable trading tool for Forex market investors. Most brokers around the world use MetaTrader 4 to assist investors to trade in the fastest and most convenient way. In this article, we will learn how to download and install the Metatrader 4 (MT4) for beginners.
What is MetaTrader 4?
Metatrader 4, commonly known as MT4, is an electronic trading platform widely used for small-scale foreign currency transactions. MT4 was developed by MetaQuotes Software Corp – a Russian software company. It is being used by more than 500 brokers and banks globally.
Launched in 2005, the MT4 trading platform has become very popular among Forex traders due to its easy-to-use features and automated trading support. It allows users to write trading code tables and trading robots, also known as automated indicators.
For most online traders and investors, today, MetaTrader 4 is a very popular name whether they trade forex or CFDs (contracts for difference on financial instruments)
Benefits of the MT4
MT4 is not only the most popular online trading platform used for global markets, but it is also considered as the most efficient software for forex trading, developed exclusively for individual online traders.
Online (electronic) trading software are programs written for use by computers. The purpose is to place orders for trading financial instruments through institutions (such as brokerage firms).
MT4 acts as intermediaries. That is, it allows for online transactions between buyers and sellers by matching their trading orders. Online investors can trade on the real-time market prices provided by the trading software.
At the same time, they can increase their potential profits by using some of the additional trading tools provided for these pieces of software. These are managing trading accounts, providing online information, charting tools. And there is even the use of trading robots, also known as automated indicators.
Development history of the MT4 platform
Today, pieces of online trading software are used for a wide variety of financial instruments such as currencies, stocks, bonds, futures, and options. However, the early versions were mainly used for trading in the stock market.
Until the 1970s, people still did financial transactions between brokers and their counterparts. Traders could not access the global financial markets directly but through intermediaries.
It was also during this time that pieces of electronic trading software began to be applied to execute at least a portion of these transactions. Those pieces of software, at that time, were mainly used in the stock market. It was the RFQ systems (request for quotation). On that system, the client and the broker placed a trading order and waited for the validation which would take place after a period of time.
Starting in the 1970s, pieces of electronic trading software failed to provide real-time prices. So they gradually replaced them by pieces of more advanced software that could execute an order almost in an instant. In addition, real-time pricing and user interface are also improved.
Main features of MetaTrader 4
- Enable EA, built-in and custom indicators.
- One-touch transactions.
- Full range of technical analysis tools with over 50 indicators and charting tools.
- Process a large number of orders.
- Set up custom indicators and different time periods.
- Historical database management, historical data import/export.
- Ensure adequate data storage and safety.
- Internal email system.
How to download and install Metatrader 4 (MT4) on a desktop
Step 1: Access this link https://www.metatrader4.com/
Step 2: Select Metatrader 4 → Select Download for free.
Step 3: After clicking download MT4, the interface will appear as follows
Scroll down and select Download MetaTrader 4 for PC and create a demo account.
Step 4: After downloading MT4, you will have 1 mt4setup file. Click on it to install Metatrader 4.
Step 5: Click Next.
Step 6: The interface will appear as shown. Leave the system to run on its own.
Step 7: Click Finish to complete the installation.
Step 8: The interface appears as shown as the installation is complete.
This is the end of the article. Please follow the instructions to install MT4 on your computer. In the next article, I will show you how to log in and use MT4.