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The MetaTrader 4 (MT4) platform is widely used by traders all over the world, due to its ample benefits. Here are reasons why Forex Traders should use MT4.
What feature of MT4 makes it popular among Forex traders?
A.Real-time access to market news
B.Extensive charting capabilities
C.Integration with social trading platforms
D.Limited technical analysis tools
How many native technical indicators does the MT4 platform contain?
A.Less than 10
B.Around 20
C.More than 30
D.Exactly 50
What is the purpose of MT4's native programming language, MQL4/5?
A.Customizing chart colors
B.Running algorithmic trading programs
C.Accessing real-time market prices
D.Setting up social trading profiles
How does MT4 assist traders in customizing their trading strategies?
A.By limiting charting capabilities
B.By providing real-time market analysis
C.By offering flexibility in setting trade orders
D.By allowing customization of technical indicators and trading robots
What information does the "Market Watch" window in MT4 display?
A.Only historical price data
B.Only current bid prices
C.Live bid/ask prices, trading volumes, and currency pair parameters
D.Only technical analysis indicators
How does the Depth of Market information in MT4 benefit traders?
A.By providing access to past market trends
B.By showing bid/ask prices for selected currencies
C.By indicating market sentiment for a currency pair
D.By offering real-time access to market news
What role does the MQL4 Integrated Development Environment play in automated trading?
A.It restricts access to market data
B.It facilitates the execution of trade orders based on emotions
C.It allows users to run algorithmic trading programs and customize trading elements
D.It provides limited charting capabilities
How does automated trading contribute to traders' ability to stick to their trading plans?
A.By introducing emotions into decision-making
B.By executing trade orders manually
C.By executing trade orders automatically based on predefined rules
D.By providing access to social trading platforms
The MetaTrader 4 (MT4) platform is widely used by traders all over the world, due to its ample benefits. Here are reasons why Forex Traders should use MT4.
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