Since Metaquotes designed and developed the Metatrader, most automated foreign exchange (Forex) systems worked with this trading software. Its intuitive base enables even a newbie testing the waters of Forex trading understand the nature and the process of automated Forex trading.

Various media support Metatrader; among them are the following: desktops, PDA versions, Succors Windows, Palm OS, Windows and other mobile devices which make Metatrader accessible to all traders no matter what level you are in. One reason behind the popularity of Metatrader is the trading platform's accessibility. It has brought trading over mobile devices possible.

Another factor ensuring the popularity of Metatrader is its programming language. Known as Metaquotes or simply MQL, it reads nearly like a pocketbook. All one needs then are a computer with an internet connection, basic academic qualification, and an average I.Q. to become a successful trader.

Another reason for its popularity worldwide is that Metatrader works. Newbie and veteran traders alike can attest to the efficacy of Metatrader in dealing currencies at the Forex market.

Beginners in the Forex market need not have thorough knowledge on the workings of foreign exchange. They only have to have a rudimentary knowledge of the Forex industry. Most automated Forex robots were conceived from the experiences of successful traders; so, it is not imperative to have an in-depth knowledge of Forex trading - the trading robots will do it for them. Acting on behalf of the trader, the system enters and exits the trade according to business requirements. The strategies and tactics in trading are culled from the experiences of expert traders, helping the trader to keep him on the winning side of the trade.

On the other hand, Metatrader is popular among the experienced traders, too. Having not much time at their disposal due to commitments, the traders employ the help of automated Forex robots to open and close trades for them in their absence based on a set of parameters the traders entered.

Moreover, trading robots are deprived of emotion; so you can enter and exit deals in the Forex market assured that the decision they make is objective. Trading robots cannot be angry, excited or fearful - emotional states which may cause the trader to blunder; instead they rely on mathematical algorithms to reach decisions.