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Comparing MetaTrader 4 and 5

November 28th, 2012 Posted in Business

MetaTrader has changed how Forex traders and brokers operate. The platform is used by brokers and traders alike and is designed to make the trading process a bit easier. It is currently the most widely used trading platform in the world. Developed by MetaQuotes, MetaTrader offers two different versions and each have their own benefits. If you are trying to decide between the two, you need to better understand these benefits and how this platform can help you with your trading.

Both versions offer similar account interfaces and charting. The major difference in the two is that MT5 is a bit more spaced out and offers larger and easier to see buttons. Of course, this means that it takes up a bit more space so if you prefer a compact version, MT4 may be a better choice. Many brokers now offer this software which makes it more convenient for you to trade and manage your trading account. Alpari MT5 software is currently available for demo trading which will enable you to get a better feel for the platform and decide for yourself if you prefer it to the earlier version.

Whether you choose the older version or this newest one, there is no denying that MetaTrader has certainly changed how Forex traders operate. You no longer have to sit at your computer in order to make profitable trades. With a number of features and benefits, this platform allows you the convenience of a mobile trading application with the power of a traditional online platform. Many traders have begun to install the app on their iPhones and iPads and are learning just how convenient it can be to trade at any time of the day or night. Though both MT4 and MT5 are designed to offer the same benefits, many feel that there are worlds of differences in the two. Take the time to learn more about the benefits of each and decide for yourself which one is best for your trading needs.

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