There are many who do open an account at an overseas Forex company and do Forex, but despite the fact that there are many excellent Forex companies in Japan, one of the reasons to use overseas Forex companies is to be able to trade using MT 4.
MT 4 is a high-performance trading tool from Russia, it plays a role as a sufficient trading tool even with only MT 4, and to freely incorporate EA and indicator for an easy-to-trade manner.
There is customization as one of the charms of MT4. If you are introducing trading tools other than MT 4, trading on platforms that Forex companies offer independently is the focus, and the indicators that can be used are limited. From the point of view of a beginner, even if there are many indicators, perhaps the merit is unnoticeable. However, in order to win in Forex, analysis becomes the basis, so the indicator is an important factor.
MT4 also has an indicator that can be used in advance, but you can download a myriad of indicators made by creators on the Internet and incorporate them into MT4. There are some items that are paid open to the public and others are free, so you can choose according to your budget.
Incidentally, creators who have made an indicator do the programming themselves. Since the method of programming is also open to the public on the Internet, you can also create your own indicator by referring to the source and incorporate it into MT4.
The indicator is a tool to analyze rate movements and make use of it in trading, not related to direct trading like EA. However, traders who can win commonly use indicators.
MT4 is a tool for trading used by advanced professionals who work with Forex. On the other hand, a person who has never done Forex at all can open accounts and do business using MT 4 well enough. In this way, it is an attractive to use tools that can be used from beginners to advanced users.
Even beginners can fully do Forex because the MT4 has basic functions. Once you learn the method of trading, you can easily do Forex as with other trading tools introduced by other Forex companies. The operation is not that difficult, rather simple and easy-to-see layout.
If you remember the operation in MT 4, you can do Forex in the same way even if you open a new account with Forex company that supports other MT 4, so you can proceed with trading without hesitation . MT4 is an overseas tool, but it is firmly compatible with Japanese. Because you can also download MT4 for free, even with no introduction cost, it is attractive to those who are planning to start Forex from now on.
MT4 is equipped with functions to do automatic trading at the time of downloading MT 4. And it is also possible for beginners to trade using the automatic trading tool. Automatic trading is recommended for those who find it difficult to trade on their own, but since it can also do mechanical transactions, it is also effective when you want to trade on a market objectively.
In addition to the automatic trading tool originally entered into MT 4, you can also develop and use an automatic trading tool yourself, or use an automated trading tool created by creators. The automatic trading tool is called EA and can be downloaded from the Internet. There are countless EA published like the indicator, some free, others are paid.
If you do Forex with highly accurate EA, you can realize the same level of trading as a professional trader. Performance differs depending on EA, so you need to select it based on the results of operations.
In using EA, there are many traders who remain uneasy because they do not know the performance unless you actually use them. A tool called back test is prepared in MT 4 and you can use it to know the performance of EA before entering real trade.
For back testing, enter from the strategy tester in the transaction screen, select the EA that you are planning to use, and set currency pairs, time spans, spreads you want to trade. If the amount of data is large, it will take time to finish the simulation, so let's test back when there is time.
Even if you really want to use to Forex with MT 4, it takes time to become accustomed if you used different Forex trading tools. For people who want to do Forex after becoming accustomed to trading tools, we recommend opening a demo account. GEMFOREX can open a demo account and trade it like an actual transaction.
It is not difficult to trade with MT 4 itself, but you can get used to the operation by practicing in advance. Since Forex with high leverage is a risky deal, let's actively use tools that you can use in MT4, such as demo accounts and EA back tests.