Comprehensive Guide to Using ForexTB MT4 Platform for Free
Is ForexTB MT4 Platform Free of Charge to Use?
Yes, ForexTB MT4 is absolutely free for any user to use after logging in to their account. As a beginner, it’s important to take the time to explore the platform and understand its full potential.
Exciting Features and Benefits of Trading on MT4 from ForexTB Brokerage Company
Tool for Technical and Fundamental Analysis
ForexTB MT4 provides a robust set of tools for technical and fundamental analysis, ensuring that traders can make informed decisions. The platform includes over 30 built-in technical indicators such as Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and On-balance Volume (OBV). These tools cover major trend and volume analysis, including Fibonacci retracements, offering traders comprehensive insights into potential price movements.
Real-time Access to Market Prices and Liquidity
MT4 offers traders real-time access to forex quotes and market liquidity. By default, the Market Watch window displays all selected securities, including details such as the safety symbol, real-time Bid/Ask quotes, spreads, contract sizes, margins, and margin percentages. The Depth of Market function provides traders with real-time information on market activity, allowing them to see the number of buy and sell orders at various price levels.
Multiple Trade Orders for High Flexibility
The platform supports various types of trade orders, including market orders and four types of pending orders. Additionally, three trading modes offer high flexibility for traders. Two stop orders, take profit, and trailing stops help minimize downside risks. Traders can easily place these orders directly from the chart, ensuring that price movements are accurately predicted and entry and exit points are identified.
Reliable Safety and High Stability
ForexTB MT4 is known for its reliability and stability. Data exchange between client terminals and servers is encrypted with a 129-bit key, and RSA digital signatures are supported. Traders' IP addresses are also hidden, providing a secure trading environment. Secure money transactions and the high speed of trade execution minimize negative slippage, allowing traders to operate with confidence.
Possibility of Automatic Trading
Expert traders can use Expert Advisors (EAs) to automate their trading strategies, taking advantage of market movements without human interference. The MQL4 Integrated Development Environment (IDE) allows traders to create and test their EAs and technical indicators. Created EAs can be optimized within the System Strategy Tester for better performance.
Conclusion: The ForexTB MT4 platform offers a host of features for both beginners and experienced traders. Its free nature, coupled with advanced tools and safety measures, makes it an excellent choice for anyone looking to explore the forex market. Whether you're new to trading or looking to enhance your strategies, ForexTB MT4 is a powerful tool to have in your arsenal.