Metatrader 4 is a world-renowned trading platform that offers traders the ability to trade in multiple markets all over the world. One question that often comes up for traders is what time zone Metatrader 4 is in. In this blog post, we will answer that question and also explain MT4 trading hours and the Forex market times.
What is Metatrader 4 and what are its features
Metatrader is a popular trading platform that allows users to trade forex, CFDs, and metals. The software is available for free from the website of the same name. The company that developed Metatrader, MetaQuotes, is based in Russia. Metatrader has been around since 2005 and has since become one of the most popular trading platforms among retail investors. The platform is also available for mobile devices such as smartphones and tablets.
The main features of Metatrader include:
– A user-friendly interface
– A wide range of technical indicators
– Customizable charts and templates
– Support for automated trading strategies (Expert Advisors)
– A built-in programming language (MQL) for developing trading strategies
– A mobile app for iOS and Android devices
How to install Metatrader 4 on your computer
If you’re new to Forex trading, we recommend reading through our free Introduction to Forex Trading guide. This will give you a good grounding in what Forex trading is, the different types of currency pairs you can trade, and the hours during which the Forex market trades.
Once you’re ready to start trading on Metatrader, the first thing you’ll need to do is download and install the software on your computer. Metatrader is available for free from a number of different online brokers. We recommend using one of the major brokers such as Oanda, FXCM or Alpari UK.
Once you’ve opened an account with a broker and downloaded Metatrader, you’ll need to choose which currency pairs you want to trade. The three most popular currency pairs are EUR/USD, USD/JPY and GBP/USD. These are known as the ‘majors’ and they’re what most people trade.
You can also trade a number of other currency pairs, known as the ‘minors’ and ‘exotics’. These include pairs such as EUR/GBP, USD/CHF and AUD/USD.
What time zone is Metatrader 4 set to by default
The Metatrader trading platform is set to the GMT time zone by default. However, you can change this setting in the platform options menu.
If you’re not sure what time zone your broker is using, you can check their website or contact customer support for clarification.
Some brokers may use a different time zone for their server, so it’s important to check what time zone your broker is using before making any trades.
If you want to trade during specific hours, make sure to take into account the difference between your local time and GMT. For example, if you’re trading on a US-based broker, EST (Eastern Standard Time) would be five hours behind GMT.