What is MetaTrader 4?
It's an electronic trading platform, developed by MetaQuotes Software and released in 2005, that's become widely used by online retail foreign exchange speculative traders. The software is licensed to forex brokers who in turn provide the software to their clients.
Where have you heard about MetaTrader 4?
Also known as MT4, the platform is now very well known. According to Daily Forex, it 'can definitely be said to set the industry standard'. Its successor, MetaTrader 5, is less commonly offered, and uptake has been slower.
What you need to know about MetaTrader 4...
The software consists of a client and a server component. The server component is run by the broker, and the client software is provided to the broker’s customers, who use it to view live streaming prices and charts, place orders and manage their accounts.
The client is a Windows-based application that gained popularity thanks to the ability for end users to write their own trading scripts and robots that could automate trading.