The MetaTrader 4 platform, which has been enabling investors in online forex markets for many years to access real-time market data, manage their portfolios with data-based strategies, and open trades, offers numerous advantages.
In addition to the high level of security and privacy it provides, the flexibility offered by digital tools makes it frequently used by both professionals and beginner forex traders.
MT4 forex trading offers various forex solutions, including access to technical analysis tools, charting, opening trades, and automated trading systems.
In addition to these popular MT4 features and tools, a demo account allows investors to manage the process of learning market dynamics risk-free with virtual assets rather than real ones. While it offers numerous solutions from various fields, it also has some drawbacks.
Many different factors can be listed under the "MetaTrader 4 pros and cons" section.
What Makes MetaTrader 4 So Popular Among Forex Traders?
The primary reason for the popularity of Forex trading with MT4 is its fast and flexible provision of digital tools. Furthermore, its availability for free on both the mobile and desktop versions is another factor contributing to its popularity.
This platform requires lower system requirements compared to MT5. Even with a mobile phone, forex traders can access the tools offered by MT4. This flexibility is another factor contributing to its popularity.
The inclusion of "MT4 tools for advanced forex analysis" solutions, not only MT4 for beginners but also for professional investors performing high-volume transactions, makes it a widespread and popular platform.
The popularity of the MT4 platform for forex traders, even in 20205, is due to several factors. Its ease of use, compatibility with mobile devices, free availability, intuitive interface, sufficient for basic operations, and lack of high system requirements make this platform still one of the most popular platforms.
Despite offering more advanced solutions, many forex brokers offer the MT4 platform to investors in addition to MT5.
Thanks to this diversity, portfolio management can be carried out via either the MT4 or MT5 platform through reliable forex brokers such as BlueSuisse.
Core Features of MetaTrader 4 Platform
Investors aiming to build profitable portfolios in the Forex markets can manage this process more easily by taking advantage of the following "MetaTrader 4 platform features and benefits":
- Analyzing historical price movements across 9 different timeframes
- Nearly 40 technical indicators * 4 order types (basic order types)
- Expert advisor support (allows for automating trade opening)
- Compatible with both mobile and desktop platforms.
These key features and services allow investors to gather the signals they need for portfolio management.
Additionally, professional investors can create their own customized indicators thanks to the MQL4 scripting language offered in MT4. This can be considered a significant and core advantage.
Technical Analysis Tools Available in MT4
Technical analysis is an analysis model that examines the charts and indicators of past price movements of the currency pairs being monitored. In this type of analysis, lines are drawn on charts to identify resistance and support levels, as well as reversal points.
This allows for more accurate predictions about future trends based on historical data.
The most common technical analysis tools and indicators are as follows:
- Charts
- Moving Average
- MACD
- RSI
- Fibonacci retracements and others
With these tools, investors can predict possible future trends based on past data movements via the MetaTrader 4 platform.
Download the BlueSuisse mobile app now to enhance your forex trading story with MT5 tools.
Pros of Using MT4 in Forex Trading
This platform offers many positive features for both professionals and beginners, as part of its "Advantages of MetaTrader 4 for Beginners" framework.
The most important advantages can be summarized as follows:
- Low system requirements
- Quick installation
- Simple and user-friendly theme
- Variety of indicators and charts
- Easy-to-learn system
- Collaboration with brokers under "Forex brokers compatible with MT4"
Cons and Limitations of MetaTrader 4
Although it includes numerous tools and solutions, it's worth noting that it also has some drawbacks. Some of the downsides and shortcomings that can be considered as "MetaTrader 4 pros and cons" are as follows:
- Insufficient advanced market depth
- No built-in economic calendar or news feed.
- Generally, there aren't extensive services for other forex-focused investment models.
- Charting tools are less powerful and limited than MT5.
With BlueSuisse's MT4 and MT5 integrated panels and technical analysis tools, you can build data-driven investment strategies.
Is MT4 Still a Good Choice in 2025?
Although MetaTrader 5 has become a better option in recent years due to the increased development of its digital tools and charts, MT4 remains a good investment platform even in 2025.
Moreover, it offers a sufficient number of tools and charts not only for beginners but also for professional forex traders who open high-volume trades.
All basic transaction types, order types, and analysis tools are available in MT4.
Therefore, this platform is sufficient for professional forex portfolio management, except for very detailed and specific indicators.
However, MetaTrader 5 is the more ideal choice for analyzing historical price movements of the currency pairs being monitored across multiple time frames.
BlueSuisse MT4 and MT5 integration allows you to professionally manage technical analysis processes in portfolio management.
MetaTrader 4 vs MetaTrader 5: Which One Should You Use?
While MT4 is easier to learn because it offers a simpler interface, MetaTrader 5 also offers more advanced solutions. Investors should list their financial goals and portfolio management objectives.
Then, review the "Differences between MetaTrader 4 and MetaTrader 5" section and choose the one that best suits their financial planning.
MT5 is generally preferred because it offers more advanced tools and is a newer version.
The key differences between these two versions are as follows:
- MT5 has six order types, while the previous version had only four.
- The number of technical indicators is over 30 in MT4, but this number exceeds 50 in MT5.
- Both MT4 and MT5 offer a scripting language, but MT5 offers slightly more powerful programming.
- The first one analyzed data across nine different timeframes, while MT5 has 21. This makes it a suitable platform for both long-term and short-term investors.
However, the differences between these two platforms may seem insignificant when professional investors discover the best ways to trade forex on MetaTrader 4.
While managing high-volume and high-frequency trading processes with the MT4 platform, investors won't experience any significant shortcomings or inadequacies.
As a reputable forex platform, BlueSuisse offers an easy-to-use interface. To join the forex market, open your live trading account now!