Forex Basics | Trading Platforms

MetaTrader 5 (MT5)

Introduction The name MetaTrader 5 will sound familiar to everyone in the forex trading space even though not everyone might just be conversant with it. This is because it is an improvement on a much more popular platform MetaTrader 4 produced by the same company – MetaQuotes Software Corp. In this post, I will be…

Forex Basics | Trading Platforms

MT4 vs MT5

Retail forex trading is done through online platforms. These platforms vary widely as different brokers provide customized and varied trading platforms to their clients. In spite of this variety, there still exist some platforms that are universally accepted and are offered by most brokers to their clients. Two universally accepted platforms – MT4 and MT5…

Forex Basics | Trading Platforms

Forex Trading Platforms

The forex market is by far the largest financial market in the world, and to participate in it as a speculator (retail forex trader), you need a platform. Basically, forex trading platforms are “consoles” from which traders can view, analyze, and place orders. These orders are received by the broker which then executes them. Therefore,…