Globalisation has not just connected the world culturally but also economically. Countries’ financial and commodity markets are interlinked in today’s world. The present times see trading in foreign currencies, not just exports and imports of goods. Such trading is referred to as Forex trading and significantly contributes to the world economy.

Forex Trading fetches a lot of money if invested properly. Brokers and clients in Australia trade on forex trading platforms. Forex trading depends on the foreign exchange rate, which varies based on the foreign exchange market. There are many trading platforms in the Australian market. Metatrader 4 in Australia is one of the most famous trading platforms among forex traders. It helps traders regularly monitor the trends in the financial market. This trading platform was developed in 2005 by MetaQuotes Software.

The platform offers a variety of features that help traders to perform trading activities conveniently. It is a trading software with two components: the client and server software. The trade broker works on the server component while the client is offered their software to follow the price changes and book orders.

Metatrader 4 in Australia was first used by the GO Markets. Besides being user-friendly, it provides a free online demo to new users. The platform offers a user-friendly interface to brokers and clients who need no previous experience. Here are some salient features of MT 4 that help traders to monitor the foreign exchange market.

Salient Features of Metatrader 4

1. Accessible on Any Device

The MT 4 platform can be accessed on any device, including a smartphone or tablet. This helps the users place orders and view currency changes going on in the world.

2. User Friendly

The platform is user-friendly and can be easily navigated. The brokers and clients can easily place orders on the MT4 platform.

3. Expert Advice

The platform offers expert advice helping users make better forex investments and well-informed decisions. It also helps automate the client’s trading and has a new developer portal.

4. Meta Editor

The platform has a meta editor that helps create custom indicators and expert advisors. MetaTrader 4 can launch ready-made applications immediately. It helps in easy editing of the

source codes such as MQL4 or MQL5. MT 4 also has in-built code profilers and compilation tools.

5. Multi-Trader

The MT4 enables the users to manage many accounts simultaneously using its multi-trader feature.

6. Supports Many Orders

MT4 can support many client orders, such as buying or selling and pending orders. Brokers guide the clients in choosing their orders. MT 4 allows instant order execution as well as market order execution.

7. Timely Updates

The platform lets clients and brokers get timely updates on the forex market, helping them make real-time decisions that can affect their investments.

8. The Metatrader 4 Market

The MT 4 platform has many free and commercial products. It allows users to check the products before purchase by providing demo versions. The user reviews of the product are available to help brokers make a choice.

9. Secure Payment Methods

The platform offers secure payment options such as bank cards.

Final Thoughts

Did you know that the Australian dollar ranks in the top five slots among international trading currencies? As forex trading is a legal and known investment method in Australia, try investing in the foreign exchange market for better financial returns.

With a great variety of features, there is no doubt MT 4 is popular among forex traders. With real-time updates and a convenient user interface, it is widely sought by brokers and clients. Many sites offer this software for those searching for Metatrader 4 in Australia. So grab the opportunity and expand your wealth!