When you understand what a trading platform is, you get the chance of becoming profitable and lower your chance to acquire huge losses every time you open a position. A trading platform needs to have exceptional tools that are used to deal with the frequent movement in the market. In this case, MetaTrader 5 is considered as one promising trading platform that helps you deal with your trades conveniently and efficiently. MT5 is widely known as the upgraded version of its predecessor, the MetaTrader 4. However, if you take a closer look at it, you will understand that there is more to this trading platform than being compared with MT4. There are clients who might feel doubtful about upgrading to the newer version as MT4 already offered them the convenience and user-friendly environment that they need to trade easily in the market.
Nevertheless, MetaTrader 5 has its own set of uniquely designed features, a more advanced one to make your trading experience more convenient and hassle-free.
Which Is Better – MetaTrader 4 Or MetaTrader 5
Since its release in 2005, MetaTrader 4 has been known to many as a trading platform that embodies convenience and a user-friendly interface. If you think that it’s a pity to transfer to another trading platform and adjust to a new trading environment, then you are utterly wrong. MetaTrader 5 almost has the same ‘feel’ as with MT4, but it has additional timeframes to offer, it allows easier navigation, you can create your own indicators and so much more. There’s a difference with the size of the icons as they may appear bigger than MT4. However, the charts found in MT5 are a lot smaller than MT4. In totality, there are really no huge differences when it comes to the appearance of MetaTrader 4 and MetaTrader 5. Only the tools and indicators used in trading are different from the previous version.
Additionally, MetaTrader 5 allows downloading of external indicators which are so convenient for traders who are new to the trading platform and came from another trading platform. It is true that MetaTrader 4 is convenient. However, MetaTrader 5 is a lot more flexible compared to MT4.
You Can Gain Access To Additional Markets
Compared to MT4, MetaTrader 5 focuses on a wider range of markets aside from Forex which is the main focus of MT4. MetaTrader 5 is more advanced when it comes to its features and functionality. There are also additional indicators and timeframes that help cater to the expanding markets. Because of that, MetaTrader 5 can integrate more markets, something that cannot be done in MT4. With more markets, you get to enjoy additional profit and expand your trading portfolio.
The Auto-Trading In MetaTrader 5
The same as MetaTrader 4, MetaTrader 5 also utilises automated trading. There are expert robots that help you with your trades and it is somewhat more advanced compared to MT4. But one thing that you need to take note of when using the programming language of MT5 is that it is not compatible with its predecessor. MetaTrader 5 offers a more flexible programming language compared to MT4.
