MetaTrader is trading software developed by Meta Quotes, and is used for online trading financial instruments such as futures, Forex and options. It was developed in 2002 and has evolved as one of the most successful trading tool of all times. The software also includes MQL4, which is a scripting language and involves powerful real-time processing capabilities, providing even the smallest details in the indicators. 4.0 is the most widely used version available in the market and include more than 50 built-in indicators to monitor markets in the most precise way.

The complete MetaTrader package of includes client terminal, mobile, server, administrators, manager and Data Center. Client Terminal provides the trading options and real time info about the markets and indicators. But to start trading using the client terminal, a live account is required. Server is the most important part, as it holds the trading requests and is managed by the administrator. The information regarding inquires and customer accounts are managed by the manager console. In addition data center consoles are also used as they reduce the trading load to the main server, to achieve standard efficiency levels of the application.

MetaTrader has a number of advantages over other trading tools as it can be used for analysis using charts, communicating to the clients by sending messages and automatic trading options. Home made tools can also be developed depending upon the requirement using the programming language MQL4. This scripting language is easy to use and provides an economical way of empowering it with new and dynamic tools.

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