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Why Indonesia Traders Prefer the MetaTrader 4 as a Forex Platform

The majority of forex traders in Indonesia prefer MetaTrader 4 trading system as their trading platform. Read on to find the reasons why! MetaTrader 4 is currently the world’s most popular trading platform or interface accepted by millions of Forex traders world over. This is attributed to the best analytical and trading technologies as well as the extra services it offers. It is the most preferred system for trading currency pairs, precious metals, oil, indices and CFDs on stocks. MetaTrader 4 is considered very simple, efficient, user-friendly and versatile.

What Sets MetaTrader 4 Apart

MetaTrader 4 also known as MT4 is an exemplary forex platform trading interface utilized and popularized by many top online brokerages and traders alike globally. It is a software created by MetaQuotes Software to enable both the investors and traders to open, manage and close market positions using a financial mediator. Here are some of the reasons why MetaTrader 4 is the most preferred platform for forex trading in Indonesia:

1. Robust Trading System

MetaTrader 4 has a very powerful trading system that allows one to comfortably implement strategies of any kind. All these tools at your disposal make your trading convenient and flexible. These are:

  1. 2 stop orders and a trailing stop
  2. 4 pending orders
  3. 2 market orders
  4. 3 execution modes

It also has a built-in tick chart function that enables you to accurately establish your perfect exit and entry points. In addition, it has quick trading functions to allow you to directly send trading orders from the chart with a click.

2. Powerful Analytical Functions

This is one of the strongest attributes of MetaTrader 4 as a trading platform. They include:

  1. 30 technical indicators
  2. 23 analytical objects
  3. 9 timeframes
  4. Interactive charts

The interactive charts having 9 periods and online quotes enable one to examine quotes and quickly respond to any price variations. The 30 built-in technical indicators together with 23 analytical objects greatly simplify this task. The built-in market and free code base avail thousands of extra indicators. These help you timely detect and react to a movement in the market.

3. Copy Trading and Trading Signals

With MetaTrader 4, you don't need to worry when there is no time for trading. This is because it automatically copies deals of other traders. You only need to choose your provider, get subscribed to a signal and make your terminal copy the trades. There are several paid and free signals with different risk levels and profitability working on real accounts and demo. Let MetaTrader 4 trade for you but first, make your choice. The following are at your disposal:

  1. Several providers
  2. Many trading strategies
  3. Any trading conditions

4. Algorithmic Trading

Nearly all trading strategies can be implemented and formalized as an expert advisor in order to make them automatically work for you. Trading robots can control both analytics and trading therefore freeing people from regular trading and market analysis. This powerful trading platform provides the full-fledged atmosphere to develop, test and optimize automated or algorithmic trade programs. The features that will help you realize these include:

  1. Library of free-trading robots
  2. Strategy tester
  3. MetaEditor
  4. MQL4 language-of-trading strategies

5. Mobile Trading

Tablets and smartphones are very essential in trading when one is away from his/her computer. The good news is that there is a mobile version of MetaTrader 4 meaning you can install and run it in your iPad/iPhone and Android gadgets to trade in the financial market. The mobile trading functionality includes technical indicators, wide analytical capabilities and other graphical objects. All these are functions are available 24 hours a day anywhere in the world.

6. Financial News and Alert

MetaTrader 4 values you as their clients. This is why they always strive to keep you informed by proving timely notifications, current financial information and different market conditions. Alerts allow one to take appropriate precautionary measures. Financial news, on the other hand, enables you to get prepared for unforeseen price movements. With these two, you are likely to make the right decisions as a trader.

7. Security

Forex Trading Account being a very private and sensitive issue needs some security from hacks and attacks. MetaTrader 4 guarantees this since it encrypts all data between server and server using a 129-bit key. Additionally, the trader's IP address is concealed completely.

Conclusion
Forex trading in Indonesia is a very lucrative undertaking and this explains its continuous growth. Many Indonesian brokers have provided easy online registration like Monex Investindo Futures and Most traders here prefer MetaTrader 4 as their trading platform as a result of the many benefits it presents.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes.

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