The ease with which traders can now access information makes MT4 a powerful platform to keep in touch with market fluctuations and take advantages of trading opportunities at any time of day or night. Added features include push notifications and the ability to chat with other traders.Īs trading takes place effectively 24/7, as markets open in different time zones, it’s an essential part of a trader’s toolkit to have that access from anywhere in the world, be it to Forex markets or keeping an eye on stocks and shares prices and how they are moving on an ongoing basis. The interface is very similar to the version for desktops and traders can monitor their account status and track the history of their trades as well as buying and selling financial instruments with a single click. There is good functionality for the mobile app, with traders able to access interactive quote charts, a full set of trading orders and analytical tools that are the most popular. IG MT4 would commonly be used on a desktop or laptop computer, but the platform has also been designed to let traders use the IG application on smart phones and tablets, either powered by Android or iOS. With the ubiquity of tablets and smart phones, it has been essential for Forex trading platforms to keep up with the technological challenges of serving traders who are constantly on the move. If a feature is not required, it can be deleted, and there is easy access to online information. Preset templates are provided so that charts can easily be read, and traders can simplify these if they wish, as colours and styles can be edited. This makes the platform highly accessible, hence its popularity. The MT4 platform can be accessed by traders from all over the world, and the data can be received in a number of major languages that include Spanish, French, Chinese, Japanese and Russian as well as English. In terms of system requirements for PCs, MT5 requires more than MT4, and it also takes more RAM. MT5 uses LIFO as its default position and does not support hedging, so traders need to be clear about the types of options that will serve them best. IG MT4 can be set against an alternative platform, MT5, as a broker comparison. There are options for traders to use LIFO (Last in First Out) as their preferred method of trading, or they can opt to use hedging so that potential gains or losses are offset. The platform can be used for a variety of options, so trading strategies can be tested, deals closed and quotes analysed by using a wide range of practical tools. Trading can initially be a complex field to enter, especially with little experience, but MT4 is known as a flexible platform for traders to use and is not that complicated to operate.
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