Although the number of Windows mobile users is much lower than Android or iOS, there still are users. And for these users, using a fundamental trading software app such as MetaTrader 4 is important. If you are one of them, then you need to know that MetaTrader 4 for Windows phone comes with quite a few upsides over other forex apps. But there are a few let-downs as well. Read on!
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Upsides to MetaTrader 4 for Windows phone:
- Intuitive User Interface
This is one of the most important reasons why MT4 is the most common and popular foreign exchange trading software around. Its easy-to-use functions and user interface make this software application a must-have for traders and brokers alike. And the MetaTrader 4 for Windows phone comes with this UI unchanged. Flipping between screens and charts is easy. And almost every other function can be conducted with simple touches and swipes.
- Multi-Window Functionality
There are quite a few aspects to foreign exchange trading to consider and you would know irrespective of whether you’re a trader or just a beginner. Forex trading requires proper technical analysis and strategizing before every investment. And when it comes to the investment part of it all, you will obviously need specific trading options and instructions. You can easily download MetaTrader 4 for Windows 7 and take part in live trading. And for making trading easy, you’ll need to use multiple screens which this app provides for comprehensively.
- Numerous Technical Tools and Indicators
Technical tools and indicators are rudimentary for foreign exchange trading. If you’re professional, then you’ll know for sure that no investment in a currency pair should be carried into without making proper technical analysis into that pair. And for any software app, it must provide leading technical tools and indicators. Needless to say, this Windows mobile OS based MT4 platform provides more than 30 technical tools and indicators.
Things to consider before you download MetaTrader 4 for Windows phone
If you’re thinking of using MT4 on your Windows phone which you are using now, you need to know something first. As mentioned before, smartphones based on this OS have dropped in user count and popularity. So, consequently, the developers for this range of software apps, MetaQuotes, have deprecated a Windows based MT4 platform.
The only way you can use this platform on a Windows device is if your device is comes with software programmed prior to 2010. That is the last version of this mobile OS for which MetaQuotes programmed a MetaTrader 4 for Windows phone.
If you have phone which runs on an OS developed after 2010, then MT4 will not function in your phone. And there is no patch, crack or emulator file which will allow your smartphone to run MT4.
Final words
So, if you have a device which runs on Windows Phone 7.5 Mango, you can still use MT4. But if you’re device runs on Windows Phone 7.8 which was released in 2013, you won’t be able to use MT4. And this also applies for 8 and other later versions.
Foreign exchange trading has gone mobile making it easier for traders and brokers to continuously stay in touch with the market. Learn foreign exchange trading, download MetaTrader 4 for Windows phone or for any other device and start trading in it.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.