The rise of mobile has created even more opportunities for online traders. Thanks to the power of online trading platforms such as MT4 and MT5, you can now download a mobile version and make trades from your handset. With 63% of people in the US using at least one financial app on their smartphone, it’s not surprising that trading apps are becoming more popular. In this post, we are going to look at using MT4 on a mobile device.
What is MT4?
MT4, or MetaTrader 4, is the most popular online trading platform for forex traders. It provides a conduit between currency trading systems and your mobile device. It has lots of useful features for forex traders, including charts and graphs to help you analyze historical and current prices, tools such as stop losses, and expert robo-advisors so you can automate trades.
You can download MT4 on to a desktop PC, use a browser version, or install an app. The app version of MT4 is easy to use and won’t inflict a heavy load on your mobile device. It’s suitable for Android and iOS.
The MT4 app for Android is available from the Google Play store. The iOS version can be downloaded from the Apple store. Alternatively, you will find links to mobile versions of the MT4 app on many forex broker websites.
Register for an Account with an Online Forex Broker
Before you can use the MT4 app for Android or iOS, you need to register for an online trading account. To do this, you need a broker. If this is your first foray into the world of forex trading, look for an online broker that offers a demo account. All the biggest and best-known forex brokers give their users the option to start trading with a demo account. This gives you a chance to learn the way MT4 works, as well as devise a trading strategy.
When you are comfortable using MT4 and have worked out a suitable trading strategy, you can switch to a ‘live’ account and make trades in the real-time marketplace.
Using the MT4 App
The app has everything you need to make trades in the forex markets. Check out the interactive charts and see if you can spot any useful trends. Select a currency pair and follow its performance in real-time.
The MT4 app has everything you need to make profitable trades. Users can customize the app’s layout and interface to suit their preferences. Changing the colour of the interface from dark to light might seem trivial, but it if helps you interact with the app more efficiently, it’s a win-win decision.
The Convenience Factor
The main reason why traders download the MT4 app for their smartphone is the convenience factor. You are not tied to your desk when you have the MT4 app installed on your iPhone or Android device. You can make trades on the move and monitor your existing trading positions while commuting to the office. What’s not to like about that?
Don’t miss out on a profitable trade – download the MT4 app for mobile today.