What is the difference between MT4 Forex trading and FX/CFD proprietary trading platforms?

by Yoni / Friday, 07 December 2017 / Published in Trading, Forex
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Things can be very confusing if you are new to trading. Not only do we have to learn a lot of new terms, you also have to decide how you will do the trading, which is not an easy thing to do when you are not really clear about how things work. You may have heard of MT4 Forex trading and other proprietary trading platforms.

When you start trading you will have to choose which software you are trading from. All trades are now digital.Traders are sitting at homes or offices in front of computers, looking at the latest charts and making the decisions to trade right then and there. Gone are the days when you were required to trade through an agent. Now with the right tools and sufficient understanding of the market you can do it yourself.

What is a trading platform?

A trading platform is basically the solution for the software or the application which is used to trade. Now the general idea behind all of the software is the same. They are all made for trading and they will give you options that will allow you to trade. However, they do have many different options and many of them are built with different target markets in mind. If you want to have the right start in trading you should choose the right software.

MT4 is (simply put) the most widely used spreading solution out there. It will not be an exaggeration to say that most traders are using MT4 and almost every trader out there has used MT4 one time or the other.

Why would you go with MT4 instead of a proprietary trading solution? Because when you go with MT4 you have the freedom to trade the way you want to trade instead of being locked in a proprietary design. Let's look at a few of the features which make MT4 so great.

Cross platform

MT4 is simply put the best cross platform trading solution out there. If you are a trader you are a trader at all times you never knows when the perfect opportunity to trade will show up. MT4 will work on your computer, it will work on your phone, it will work through an app, it will work through installed application, - basically anyway you can think, you will be able to trade on MT4.

Compatibility

MT4 is so popular that every type of trading you can do you can do with MT4. Most firms make sure that MT4 is compatible with their own products.

Ease of use

One of the reasons and MT4 became so popular in the first place with the fact that it's so easy to use and learn. Since it is so popular there are tutorials for it everywhere on the Internet and if you have any question the answer will be a Google search away.

Easy to customize

There is one reason that many people just keep using MT4. It allows you to customize the solution according to your needs beyond what you can expect from any proprietary solution. These are just some of the reasons that MT4 is the leading trading platform the world and it has many other advantages over proprietary trading solutions.

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