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MetaTrader 4 or MetaTrader 5. Online Trading Guide for Newbies


MetaTrader 5 or MetaTrader 4 will be two of the trading platforms you encounter when you start trading online. how to install a forex robot in metatrader 4 Trading platforms are software packages that allow traders to execute their trades. These platforms are usually accessible through an online broker platform.





MT4 and MT5 are not the only platforms available. There are other platforms, but MT4 or MT5 remains the most popular with both professional and retail traders. MetaTrader 5 was meant to be the replacement for MetaTrader 4. You might think that it is like choosing between an iPhone 14 or an iPhone 15; an upgrade. This is not the case. It is better to think of it as two different platforms with different designs, features, and target markets. The short answer to this question is that neither platform can be considered superior.


Trading Platforms Overview

Fintech revolution in the 2000s led to a massive shift of trading online. Online brokers started to offer services both for retail traders and professionals. These brokers used to offer their own proprietary platforms, many of which are still available today, to their clients. Platforms are software suites which allow traders to access charts and data.


MetaTrader, first released by MetaQuotes Software back in 2002. It went through several versions before MT4 was released. In the late 2000s many online brokers began adding MT4 as a platform to their trading platforms because of its popularity. MT5 launched in 2009. Its popularity led to its adoption by brokers. Almost all major brokers will offer both MT4 & MT5.


MT4 (which was the predecessor of the iPhone) has been around almost 20 years, and MT5 for 15 years. It's important to remember that these aren't clunky, old software packages. They have evolved over the years through updates by MetaQuotes Software as well as third-party developers using open-source architecture. MetaTrader 6 is not yet available for a number of reasons.




MetaTrader 4

MT4 became the most popular trading platform in the world after its release in 2005. MT4 held that title for many years. In 2021, MT5 surpassed MT4 in terms of the number brokers who offer it. MT4 was created with forex trading as its main focus. CFDs are also available. With MT4, commodities, metals, energy assets and indices can be traded. It is easy to use and is popular with those who prefer automated or algorithmic trading. Over the years, MT4 has attracted millions of users.


MetaTrader 5

MT5 is more comprehensive in terms of features and tools than MT4. MT5 has the same look as MT4. Both platforms have a similar UX. MT5 offers a larger range of assets. Stock trading is a highlight, which MT4 lacks. It offers more charts, drawing tools for charting and indicators built in that can be customized than MT4. Additionally, it offers advanced order types and execution methods. As such, it is an upgrade over MT4. This does not mean, however, that it is objectively better. MetaQuotes is also more focused on updating MT5 compared to its predecessor.



Read More: https://www.fxcm-markets.com/metatrader-4/