What is a Forex Trading Platform?
A trading platform is an online software which enables investors to trade a range of markets including forex, indices, cryptocurrencies, and commodities, via CFDs. It can be used to open, close and manage trades from the device of their choice and contains a variety of tools, indicators and timeframes designed to allow you to monitor and analyze the markets in real-time.
Trading platforms such as MetaTrader, which is the most popular trading platform in the world, allow you to trade a variety of financial instruments including commodities, forex, CFDs and more.
S.A.M. Trade makes the award winning platforms available to download for free, and offers you any technical and customer support you need.
Benefits of MT4
|Order Execution Types||3||4|
|Pending Orders||4 types||6 types|
|Hedging||Only hedging||Both hedging (by request) and netting|
30 Built-in indicators
2,000 Free Custom Indicators
700 Paid Indicators
38 Built-in indicators
44 Analytical objects
Unlimited No. of charts
With delivers macro-economic news from various countries that may have an impact on financial instruments prices.
|Embedded MQL5 Community Chat||No||Yes|
MetaQuotes Software created MT4 platform, which has an extensive array of tools and features. You can use it in its basic form to buy and sell. Or add any number of indicators, tools or expert advisors (EAs) - these are essentially automatic strategies that trade for you.
MetaTrader 4 (MT4) is a stand-alone online trading platform developed by MetaQuotes Software. Trading on MT4 with S.A.M. Trade provides access to a range of markets and hundreds of different financial instruments, including CFDs for foreign exchange, commodities and indices.
What the MT4 platform offers:
- Easy-to-read, interactive charts
- Monitor and analyses the markets in real-time
- Access to more than 30 technical indicators
- Identify market trends and signals for entry and exit points
- A powerful security system and multi-device functionality
S.A.M. Trade provides our clients with MetaTrader 4 (MT4) for trading.
MT4 is a user-friendly, state-of-the-art platform that is widely used by forex traders globally to trade forex CFDs, analyze financial markets, and to use algorithmic trading.
Expert Advisors (EAs) are programmes that run on the MetaTrader 4 (MT4) platform, and they are being utilized to monitor and trade financial markets using algorithms. They find opportunities according to the parameters you set, then either notify you or open a position automatically. Once your position is opened, an EA can add conditions to close the position including stops, trailing stops, and limits.
For most traders, EAs are primarily used for forex CFD trading. But you can use them to trade any market that’s available on your MT4.