What is MT4 AND MT5 IN FOREX TRADING#MT4#MT5
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#differnce between mt4 and mt5
Basic difference between MT4 AND MT5 TRADING PLATFORM
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the world’s most popular trading platforms, developed by MetaQuotes Software Corp.
If you’re involved in forex trading, you probably have at least some familiarity with the MetaTrader 4 and MetaTrader 5 platforms. These software solutions rank among the most popular trading platforms for a wide range of traders and advisors,
Although their names might suggest that MT5 is just an updated version of MT4, the reality is that these two solutions offer different functions and features that serve distinct trading audiences. Choosing whether to use MT4 versus MT5 can depend on your background and your trading goals, among other factors.
MT4 is the preferred software platform for traders primarily focused on the forex market.
MT5 has broader applications in contract-for-difference (CFD), stock, and futures trading. As a result, it has a broader range of features that may not be relevant to every trader—
MT4 offers four basic order types: buy stop, buy limit, sell stop, and sell limit. For most traders, these order types are enough to execute your trading strategy
MT5 offers these along with two others: buy stop-limit and sell stop-limit orders.
MT5 also offers slightly more technical indicators than MT4, as well as tools such as an economic calendar that helps you track relevant news from various foreign markets
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