People in Australia are very familiar with trading; maximum people are trading enthusiasts. The trade growth in Australia is about 2.74%, whereas the world growth is -1.13%. The exports of goods and services in Australia as a percentage of GDP is 24.11%, and imports of goods and services are 21.60%. If you want to invest in trading and look for the best platform, opt for MetaTrader in Australia, the best choice for all your trading needs.
What is a MetaTrader 4 Platform?
MetaTrader 4 is popularly known as MT4, an electronic trading platform that foreign retail exchange traders commonly use. This MetaTrader platform was developed by MetaQuotes software, and it is secured and licensed to foreign stock market exchange brokers who provide the software access to their clients. This software has server and client components. MT4 platform can trade on markets that include indices, forex, commodities, and cryptocurrencies.
This MT4 platform is widely popular in Australia because it is customizable and flexible to suit every individual trading need. It is flexible enough to automate your trading using algorithms, and it has a simple user interface that provides access to advanced technical analysis.
Why is it Important to Have a MetaTrader Application?
There are several benefits of using this MetaTrader application, and it is also essential to help provide easy access for trading. Here are the reasons why MetaTrader in Australia is necessary for trading. Have a look
1. The Most Popular Trading System:
MT4 is the ultimate choice for most brokers and traders in Australia. If you have this MT4 platform, you do not need to invest in software development, and this is the most common choice offered by 1200+ trading firms globally. This platform can support 20+ languages, and it can work on demo and live accounts as well.
2. Desktop and Mobile:
Due to their busy schedules, people want to work wherever they want. This MetaTrader platform is entirely flexible for people in Australia as it is available in three different versions: mobile app, desktop software, and a web-based platform. It is available for all popular OS, including Windows, Android, Mac, and ios. You can use different systems at the same time. Whether you work on a tablet, laptop, or smartphone, you can continue from where you left off.
3. User-Friendly Interface:
MT4 platform can support all issues of any complexity. This is considered the best choice for beginners in Australia as it is user-friendly. Trades can be made in two ways which are depended on the market or pending orders. Traders can receive the best available price immediately on market orders, whereas the pending orders are used for delayed execution.
4. Analytical Tools:
Analytical tools are another most important reason for MT4 popularity. This platform uses both technical and fundamental traders, and fundamental traders can benefit from financial news and system alerts. Additionally, it has 23 analytical objects, 30 technical indicators, and 9-time frames to help with long and short-term strategies.
5. Live vs Demo:
MT4 platform works on two modes that include practice and actual trading. If you are a beginner, it is indispensable for you to have a demo format. The demo account credentials will turn MetaTrader 4 into a powerful machine, and users will try the new strategies safely by using a virtual deposit from a broker in Australia. You can explore all the platform’s features without any risk of your money.
Though there is an advanced version of MetaTrader 5, MT4 is still booming. MT4 is the most recommended platform in Australia, and its multi-purpose system can match the needs and requirements of seasoned traders and beginners.