The reason I use MT4 [Shutaro Fudou]

MetaTrader 4 (hereafter MT4) is a trading tool developed by MetaQuotes Software Corp. It is multifunctional and free to use, which has earned it popularity among many traders. This time, from Shutaro Fudōshi (Fudō Shūtarō), we will learn the reasons he has continued using MT4 and the points that are good to know in order to master it.

Shutaro Fudōshi (Fudō Shūtarō) Profile

Foreign exchange instructor and author. Publishes seminar DVDs and interview CDs through a publisher. In addition to giving talks at financial exchanges, securities exchanges, FX brokers, investment trust companies, etc., he writes for magazines and serves as a school instructor for FX and stock trading.

Official site：Shutaro Fudōshi's “Behind the News”
twitter：https://twitter.com/syutaro_fudo

MT4 Time Display

Most trading tools provided by Japanese FX companies display everything in Japanese and show charts in Japan time. On the other hand, MT4 has some labels in English, such as indicator names. Also, MT4 does not display chart times in Japan time. Many domestic and international FX companies use MT4, and MT4 servers exist around the world, so there appear to be multiple time displays. Since weekday forex markets operate 24 hours a day, if you are just watching charts to predict the market and trade, it may not be inconvenient even if the time display is not in Japan time.

Now, important indicators and remarks by key figures that move the forex market are basically published in Japan time. Therefore, when you review price movements on MT4 charts before and after important indicator announcements, you need to check the time difference between MT4’s time display and Japan time.