The advent of technological innovation has had a seminal impact on the financial services industry, with an estimated 40% of Brits now using mobile banking apps on a regular basis.
Investors are increasingly inclined to execute orders through mobile platforms too, with interactive trading tools such as the Metatrader 4 offering real-time access to the financial marketplace.
Even with the introduction of the Metatrader 5, its predecessor remains enduringly popular among the current generation of investors. Below, we’ve created a brief guide to the Android version of the MT4 and highlighted its key benefits.
Downloading and Using the MT4
You can complete the Metatrader 4 download for Android by visiting the Google play Store and clicking through the app. Similarly, you can visit a prominent online trading platform that hosts the app, before installing this on your smartphone, tablet or laptop.
Once the app has been installed, you’ll need to register for a specific type of trading account. The MT4 offers live and demo accounts, for example, with the former connecting you directly to the real-time marketplace and the latter enabling you to test and hone your strategies in a simulated environment.
At this stages, you’ll have the opportunity to browse the app’s interface and available features, through an easy-to-use menu and navigational layout. The MT4 is a comprehensive trading platform, and one that includes a diverse and in-depth range of tools to help inform every single decision.
Perform Historical and Real-time Analysis of Specific Trades
The MT4 app offers access to a wide range of assets and marketplaces, including popular and lucrative entities such as forex. Regardless of the composition of your portfolio, however, the app’s comprehensive range of interactive charts can track relevant trends and highlight potential investment opportunities.
For example, these detailed and easy-to-understand charts will track currency rate changes in real-time, while you’ll have the opportunity to customise their layout to include bars, candlesticks or lines.
In this respect, live data can be presented in a way that you find easy to comprehend and process, which in turn allows for quicker and more efficient decision making.
The Bottom Line
Beyond this, the Metatrader 4 app includes 30 of the most essential technical indicators available to investors, alongside 24 analytical objects.
As a result, it enables traders to set up and implement their trading strategies in the best and most efficient way, while users can even customise the app’s colour schemes to suit their personal preferences.
Such details may seem relatively small, but they make financial trading more intuitive and enable investors to optimise any competitive advantage that they may have. With this in mind, it’s easy to see why the MT4 remains the trading app of choice among investors, even as new and upgraded products have been launched on the market.
This post is written in collaboration with ADSS.