With the state of the financial markets a definite “hot topic” in the news right now, Android users can make the most of the opportunity to trade on the go with a mobile trading app like MetaTrader 4 (MT4). This state-of-the-art software is tailored to suit traders who are looking to …
- Place orders and trades using their mobile.
- Access or create trading analyses using a user-friendly chart that’s optimised for mobiles.
Here’s an overview of what you can do with this particular app..
As you’d expect, MT4 has all the usual features to let you do mobile trading on the move. However, there’s a lot more in the mix too. These extra goodies push the app into another category
- Live Forex quotations
- View charts
- Integrate indicators
- Review your historical trades
- Read the latest news from the markets
- Receive broker messages
- Tweak platform setting for a custom look
Easier Forex trading with MT4
By accessing the ‘quotes’ area, you can get an overview of the latest market position. If you want to see the latest rates while on the move can easily do so without having to Google prices for their opened positions.
The app offers a fully-fledged charting function, which is powerful enough to show you the trends and price changes, enabling you to add indicators, switch between timeframes and much more – all in a mobile-friendly format.
Moreover, it’s easy to perform tasks such as indicator adding by simply tapping an icon on the chart to see all the indicator options divided into categories, which users will find akin to the desktop platform.
You can trade while keeping in touch with financial news and contacts.
MT4 for Android will send you to push notifications with up to date news the moment it breaks. You don’t have to open additional tabs or apps to keep up to date with the latest information. Additionally, it’s easy to keep in touch with your broker using this platform.
Yet another important feature of the MT4 app is its ability to perform all order types such as stop, limit and more. Traditionally, other mobile trading apps only allowed market orders on mobile trading platforms.
Using MT4 for Android
If you decide to use the app, you’ll find it’s rather easy on your mobile. First of all, you need to get the app, then there’s just the matter of getting authorised access to your existing trading account. Then, you can start learning all about what Forex has to offer.
Forex stands for ‘foreign exchange’ and is a type of currency trading through a global, decentralized market of international currencies. With the daily trading volume above $5 trillion, this market is the biggest and most liquid in the world, surpassing all the international stock markets put together. This means that Forex represents some very exciting trading opportunities.
Forex transactions are based upon the exchange rate of a currency linked to the supply and demand within the market at any given time. This rate is continuously fluctuating, giving numerous opportunities to trade.
Thanks to MT4, you can start Forex trading right away on your smartphone. All you have to do is connect to the Google Play Store and look for the MetaTrader 4 for Android to download. This gives you the preconfigured MT4 edition, saving you time otherwise spent changing the server connection settings.
If you’re interested in MT4, it’s well worth checking it out to explore mobile Forex trading at its very best.