What is this MT4, MT5...is this marketing talk?

billv said:
Yes because MT4 and MT5 connect to the broker and send trade execution commands


Unsophisticated traders are unlikely to get an edge from MT4 or MT5 but it is popular because the data feed is free and because it is widely used in the forex/cfd trading community. As a popular SW, there are virtually thousands of free indicators and scripts available for it and traders download and install these various tools which make their lives easier.
I use MT4 because it is highly customizable and I can automate my trading strategies and have my open trades managed in a way which gives me an edge.


They don't necessarily lie on the application. The requested ID docs will clear up any confusion.


There is no such thing as a best broker, there are +ves and -ves with all of them as there are pluses and minuses with their software platforms too, so we simply sign up with a broker who meets most of our requirements.
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Thanks.

- Link for MT4 or MT5 download?

- Is the platform all free or there is one subscription that covers all data feed for streaming prices for Forex and stocks? eSignal charges for tick data $395+ per month for Forex alone for example.
 
salamanderforex said:
Thanks.

- Link for MT4 or MT5 download?...
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Here it is...

Oh, sorry, it is not clickable...

mt3download link.JPG
 
If you need more assistance with how to download MetaTrader4 or MetaTrader5, please start another thread or three, and ask for detailed instructions. We are here to please you!
 
salamanderforex said:
Thanks.

- Link for MT4 or MT5 download?

- Is the platform all free or there is one subscription that covers all data feed for streaming prices for Forex and stocks? eSignal charges for tick data $395+ per month for Forex alone for example.
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All brokers offer this software for free but it is broker specific so it is downloaded from each broker's website.
With most brokers you have to register to be able to download it from their website but it is a simple name+email registration without IDs

Here is one broker I use.
https://www.globalprime.com/platforms/metatrader-windows/

And here are some video instructions
https://www.axi.com/au/learn-to-trade/forex-video-tutorials
 
You can download MT4 and MT5 from the broker’s website and can get to know about both the platforms there as they are free to use if you have an account with them.
 
HappyTrading said:
You can download MT4 and MT5 from the broker’s website and can get to know about both the platforms there as they are free to use if you have an account with them.
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What according to you is the better option among these two? Also, I was wondering if I need a broker to use these platforms.
 
Nicerchil said:
What according to you is the better option among these two? Also, I was wondering if I need a broker to use these platforms.
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See this completely depends on the trader and his comfort. Leave aside beginners; there are experienced traders I know who are still comfortable using the MT4 trading platform, even though MT5 on the other hand is a more advanced platform. Let me sum up the differences among these two for you:
· MT4 allows only hedging while MT5 allows both hedging and netting.
· With MT5 platform, you’ll get a better depth into the market for a better idea about the bids and prices across the market.
· There’s an economic calendar to update you about the latest macroeconomic news.
· Interactive charts come fully loaded in both. MT4 includes 9 timeframes and MT5 comes with 21.
· MT5 platform also includes multilingual Unicode and unlimited symbols.
· The MT4 platform, you can engage in Forex and CFDs, while with MT5, you can invest in stocks, bonds, and futures.
As far as a broker is concerned, I really don’t think you can use either of these 2 platforms without one. I for instance have used XTB, Plus500, Fxview and Swissquote and have done rather well.
 
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