Currency trading can help in making a fortune, but it is not easy and is not for everyone. I had been looking for a tool to make currency and stock trading on the go and I found it with MetaTrader 4 for Android. As I am familiar with its PC and iOS versions, I decided to give MetaTrader a try. Actually I had started using it even before the arrival of MetaTrader 5. Therefore I have come up with this review as I promised.
MetaTrader 4 is free to download and allows to trade currencies on Android devices. it lets users monitor the market second by second and automatically handles all of their trades. It has over 800 severs of brokerage firms so that they can trade to whoever and whenever they want. It works almost like its PC counterpart, but the smartphone version makes it a bit easy to buy and trade.
Currency Trading with MetaTrader 4
The charts inside the app show how the currency is doing as well as how it has been. Therefore, it can suggest when you want to buy more or if it is a bad time to buy that currency. You can send and receive messages as well as choose symbols and much more. MetaTrader 4 also has the ability to know when you are using a tablet rather than a phone and adjusts its display accordingly so you have the best user experience and are able to see things clearer. You can find iOS apps do this thing seamlessly, but not many Android phone applications are optimized for tablets.
Updating the charts is very easy and it does it quickly and smoothly so that you can see how your trades are doing. At present it has three types of charts – Bars, Japanese Candlesticks and Line and seven time frames – M1, M5, M15, M30, H1, H4 and D1. For a detailed technical analysis, MetaTrader 4 features 30 technical indicators including Average True Range, Bollinger Bands, Commodity Channel Index, Envelopes, Force Index and MACD.
A good thing about this app is, its ability to allow users to use more than one account on for trading, so that they could have several accounts up at the same time and do all of their trades without having to sign into others. However, I want to point out an issue in this review. Occasionally MetaTrader 4 times out when you make a trade, and if you try to re-do it, then the trade will go through twice. Moreover, it does not have the cross hairs like the iOS version does.
There are only a very few Forex trading apps available in the Google Play. Among them MetaTrader 4 looks pretty decent for trading. As I said, this app is also available for iOS and PC. MetaTrader 4 needs Android 2.2 or up.
Download MetaTrader 4 from the Play Store now!