Mobile Phone Forex Trading Platforms - MT4 Mobile Traders
With the advances in technology and the coming up of smart phones that now have an operating system such as that of a PC or a laptop, it has become possible to come up with trading applications that can be installed on this phones.
Just like other phone applications now there is also an application for mobile traders that can be installed for trading currencies. The most popular phone trading platforms are mt4 mobile trader platforms. The MT4 mobile Forex platforms are provided alongside the MT4 desktop versions. Because most Forex brokers are MT4 brokers and only provide the MT4 trading platform - most brokers will also provide the mobile versions of this platform. The most commonly used phone trading versions are iPhone, iPad and Android MT4 mobile trading versions. These are the best mobile trading platform versions to use as most mobile phones are either iPhones or Android phones.
But you should also know that the type of MT4 mobile trader version you install should be compatible with your phone. A Forex broker will have several versions, for Example:
The 4 most popular and the best online Forex trading platform versions for mobile trading are:
iPhone - Download iPhone MT4 Mobile Trader Version
iPad - Download iPad MT4 Mobile Trader Version
Android - Download Android MT4 Mobile Trader Version
Windows - Download Windows Mobile Version
MT4 Mobile Android Trader - Top Forex Trading Platforms for Mobile Phones
MT4 Mobile iPhone Trader - Best Forex Trading Platforms for Mobile Phones
MT4 Mobile iPad Trader - The Best Forex Platform Mobile Phone Versions
All these mobile MT4 platform versions are only compatible with specific type of software or operating system of your phone.
The mobile trading platform is for traders wanting to trade from anywhere at any time.
I-phone Trading Platform
The I-Phone Forex platform is the mobile MetaTrader 4 version of the desktop version. This version will also display real time quotes of financial instruments and currency charts where one can place trades and orders that include market orders and pending orders.
Where to Download From Your MetaTrader 4 Desktop
Want to get a phone version of the MetaTrader 4 Forex Software and trade with, then the screenshot below shows where to download these platforms directly from your MT4 Software Desktop Version. Just Click the "Help" button on the MT4 , Then Select the Option "Mobile Trading" and from the menu that appears select either iPhone, iPad, Android or Windows version.
Demo Account and Live Account
Just like the Desktop version there is a demo account and a live account. All you have to is to download the trading platform and you can then open a demo account to practice with.
To install, one has to go to the Apple App store or Android Google Play and search for MetaTrader 4, provided by MT4, after downloading and installing the APP, go to the “ open demo account ”, If you have a real account you can just proceed to login part.
On the login window, before login in you have to specify the following: there is a “search field” on this search field a trader will have to put the name of their broker, but if you download the app from your Forex broker this field will by default have the name of your currency broker.
Then Select either “Demo Trading” or “Live Trading”
Then enter the password and login details
Then start mobile trading
The MetaTrader mobile platform requires you have an I-phone 4 or 5.
The main Features of the Mobile platforms are:
- A trader can manage open positions, monitor capital and equity from the phone platform
- One can monitor the news
- A trader can place orders – buy stop, buy limit, sell limit, stop loss, take profit orders
- One can close open trades
- One can generate a transactions report form the mobile phone
- One can carry out technical analysis on the charts
- The mobile trader platform also has security features
Just like with the desktop trading version, the mobile Forex trading version of the Metatrader 4 Forex platform will stream live Forex quotes, plot Forex charts where a trader can also place Forex indicators. On this mobile trader platform a trader can place buy and sell orders, place stop orders, place pending orders and modify any trades as they would like. A trader can also generate all Forex transaction reports and view them on this mobile Forex platforms just the same way as they would on the desktop version. the only difference between this platform for mobile phones and desktop version is that this mobile trading versions are portable and a trader can access them and trade through their phone from any part that they want.
The Forex trading charts can also be scrolled from left to right and traders can place any Forex mt4 indicator on these charts they same way they would do it in a desktop MT4 platform. The charts provided also include minute chart, hourly charts, daily charts as well as the weekly and monthly charts.
With these mobile meta trading platforms all a trader requires to access them is their mt4 account, the same account that they use o login to the desktop mt4 trader platform. Beginners can also use their mt4 demo account to practice on these Forex meta trading 4 mobile platforms.
The Metatrader 4 platform for mobile is provided free of charge and one can download these platforms from the App Store or from the Play Store and one can download the app with the name of their Forex broker and start trading immediately.
The Mobile Phone trading platform contains 30 of the top Forex indicators commonly used to analyze Forex currency charts.
Traders can also access news updates through their mobile phone platforms.
All currency pairs provided by your Forex broker are also all accessible from the mobile phone trading software.
The MT4 mobile trader interface is also customizable and traders can customize the layout to suit the layout that they want when trading.
The mobile traders use secure login with a password and touch ID access. Traders can manage their FX account in real time after login to their accounts from their mobile phones and print any trade reports.