How Does the 24option MT4 Platform Work

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How Does the 24option MT4 Platform Work?

So you are in the market for an all-in-one forex trading platform that will put all of your tools in one central location.

But where can you find something like that?

Well, guess what, MetaTrader has just created a platform that will change that way you trade on a day to day basis.

We’ve already told you how you should change your binary strategy for the better. Now by introducing this new innovative program, you will be able to keep organized and your eye on the prize better than before.

But first, make sure you take the time to install it on your computer. Do this before you read on. It’s okay. We can wait!

It’s okay. We can wait!

Now that that’s out of the way…

Come along as we take you through some of the features of the new 24option MT4 Platform that will make your life a little easier.

MT4’s Navigation Window

Once you open the new 24option MT4 you notice how much simpler the new navigation window and home page are.

You will see 4 windows that contain 4 default currency pairings already set.

Towards the left-hand side of the page, you will see a window titled “Market Watch” that will show you live updates from different currency pairings.

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Another great feature on the home page is the window below the “Market Watch” window titled the “Navigator Window,” which allows you to create your own custom program.

Pretty cool, right?

MT4’s Morte Customizable Charts and Settings

This is probably the biggest reason to download this new program.

With its easily customizable charts and extremely changeable settings, you will never look back to a time when you were not using the 24option MT4.

All it takes is knowing how to use a right-click and how to scroll to the option that you want.

Don’t you wish all things were as easy as that?

Well, you could go back to setting up your old plans with the old tried and true methods. But, we all know this is the better option.

MT4’s New Templates

So you know all of that work you just did to set up all of your charts and their settings?

Well, fear not. Because those aren’t going anywhere.

With this new 24option MT4 system you can save all of the preferred settings as templates that you can revisit the next time you log back into the program.

No more writing down your magic settings in a notebook to refer to every time you log in to trade in the morning.

It will all be saved for you for whenever you are ready to use it!

No more wasting valuable time. You can get to work right away with all of your savable templates just a click away.

MT4’s Easy Drawing Tools

Now sit back, this a really cool feature included with the 24option MT4 system.

With this system, they offer an easy to use a drawing tool that will help you to draw your own lines on charts so you can make your own predictions in your own windows.

It’s like using a dry erase board or well … Microsoft Paint to play around in the program so you can keep your thoughts and the hard data in the same place.

Or you know, you can just use it as a fun little interactive toy for when you are just watching your tickers update in real time.

I’m not trying to promote that per say, but who doesn’t like to goof around from time to time?

MT4’s Custom Time Frames

A great new feature with the 24option MT4 system is that you can set your own time frames for when you want to check back in on certain trades.

There is a toolbar on the upper right hand of the screen where you can set the timer by the minute, the hour of even the day.

Now you won’t have to worry about checking back in on your own personal calendar to see when you should check back in on a specific stock.

The system will do it all for you!

MT4’s Live Connection Tracker

I’m sure you’ve had this problem before.

You are spending an exorbitant amount of time staring at a live feed of a trading ticker only to see it not moving from where it is.

You get tired and frustrated of waiting for it to change only to find out that your connection has been lost!

Well, now you won’t have to worry about losing connection any longer.

The 24option MT4 system provides you with a live connection tracker that will tell you the exact bit rate of your connection or will tell you if you have lost connection altogether.

No more getting bloodshot eyes from staring at a stagnant screen.

You will always know if you are up to date on the market as it changes from minute to minute.

And Voila! Now You Know the In’s and Out’s of the 24option MT4 Platform by MetaTrader.

Now you can keep organized while making the most informed and thought out forex trades possible.

The good people at MetaTrader are looking out for you!

It all seems pretty simple, right?

You’re probably thinking to yourself: “How was I ever forex trading before using the 24option MT4?”

Well, we don’t really know either.

It is pretty clear that this new system is the way of the future, so why not give it a spin to see what all of the fuss is about?

24option MT4

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24option MT4 Download

Traders who wish to utilize the MetaTrader 4 trading platform may do so by downloading the platform and running it a s external software a longside 24option’s own trading platform. MT4 is the industry standard for forex trading platforms.

To do a free 24options MT4 Download simply just register with the broker’s website and you will get the instructions by email to download free 24options MT4 platform.

24option Trading Platforms

The 24option trading platform is one of the most advanced in the industry for trading binary options. The latest technology and user friendly interface provide an enjoyable trading experience and account funds and personal account information are well protected and secure.

24option MT4 Platform

To know more about 24option MetaTrader4 platform you can also visit 24option review by ForexSQ forex trading website.

Trading on the 24option MT4 and WebTrader Platform

You can trade on 24option via the two 2 platforms that they offer and whichever you find more comfortable to use, you’ll be able to access the financial markets.

If you have experience in trading CFD’s before then you’re probably familiar with the MT4 which has already become a standard with majority of brokers today. Via this platform, you’ll have access to indicators that you can use for charting and technical analysis.

In order to use this, you need to download the software client and install it on your computer. Once the installation is complete, you just need to enter your login details and you’re all set.

24option MT4 platform download

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.
WebTrader

Alternatively, you can also use the proprietary trading platform called WebTrader. Since this is web-based, it can be accessed via any web browser that has internet connection.

You can access this via Google Chrome, Mozilla Firefox, Opera, Microsoft Internet Explorer/Edge and others. All you have to do is log in with your account and you’re good to go.

24option WebTrader platform

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

How to trade on 24option

The first element that is prominent on the platform are the Buy and Sell button which on the right column of the main interface.

This platform has a very simple theme and the directionally-coded colors will allow you to determine which assets are increasing or decreasing in value.

Green means that the instrument’s price is going up and red means that the price is going down.

24option Buy and Sell button

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

You can adjust the volume in lot quantities on your trades by clicking on the arrows. You may also configure these features so you can have more control over your trades:

Open Trade When Reach: You can set the level to automatically execute your trade when it reaches a specific level. With this feature, you can monitor the price action when investing on several assets.

24option Open Trade When Reach

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

Close at Profit and Close at Loss: Also called the Stop/Loss and Take Profit, you may also set levels for the platform to close your trade.

24option Close at Profit

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

How can I actually use this?

This will prevent you from experiencing huge losses or lock on any possible profits once the underlying asset’s value reaches the price level that you set.

24option stop loss take profit

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

That means you don’t have to perpetually monitor your trades since you have already configured the platform to execute specific actions even if you’re not looking at the screen.

Holding positions open and expiry times

You can hold a position open overnight on the platform but this is not recommended because CFDs are ideal for short-term trading and speculation which means that contracts should be closed or “expire” within the day.

24option open trades

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

Should you still decide to hold a long position overnight you will be charged with a financing fee or “swap”? This is the interest that will be deducted from the profit or loss that you will incur from your position.

24option swap option

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

Trade Forex/CFDs on 24option will allow you to access a large list of assets and can give you sizable profits but remember that this form of derivative may also result in the loss of your invested capital.

The 24option demo account

When you sign-up for an account, you will also have the privilege to access the demo account which will allow you to trade risk-free and with no obligations.

24option demo account

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

This is loaded with a virtual currency balance of $100,000 which is more than enough for you to do various test trades and check out different strategies.

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