Which one is better, an MT4 or an MT5, for Forex trading?

#1

11:14 11/05/2020

Anonymous31877465

Threads: 72

Posts: 36

Which one is better, an MT4 or an MT5, for Forex trading?

#2

11/06/2020

Anonymous31877467

Threads: 17

Posts: 74

As far as I'm concerned they're both good but I don't use many indicators or robots. Mt5 has more options for these. I did read somewhere that with mt4 the broker can see what you're doing and thus rip you off but with Mt5 they can't. Whether this is true or not I do not know.

If the broker offers Mt5 I use it but it really makes no difference to me. I also use Oanda advanced charting which you can get with a demo account. It can really help in giving you a different perspective. The two finger swiping to zoom is really cool and there's a lot more space above/below the candles. The thing you have to be aware of is that mt4/5 is really designed for brokers as gives you the impression of being able to do really advanced techniques like running robots and all sorts of fancy wiz bang but the broker knows that most of this crap doesn't work for very long and that you'll most likely blow up your account within 3 months like the other 95% of retail traders.

Always remember, price is king. Indicators are calculated from price and therefore lag. Don't expect an indicator to tell you where price is going to go.

#3

11/06/2020

Anonymous31877349

Threads: 22

Posts: 90

Well, it is mostly the matter of taste. You can simply choose any. Great if it goes the right direction but losses can add up quickly. So I plan to work only with trusted brokers like these mt5 brokers https://www.forex-ratings.com/forex-brokers/mt5-forex-brokers.php, read about those companies and be ready to learn a lot. Sounds pretty much obvious but it is true. Good luck

#4

11/13/2020

Anonymous31904969

Threads: 0

Posts: 6

Hi! You choose the right place to ask this question. Because I do broking at least 6 years and I used MT4 and MT5. MT5 is newer than MT4, but these apps is made for skilled brokers. You need to start with the introduction what is the trade markets and i know best place for it. https://trade-in.forex/ is the site where you can learn basics. Then, try to start with the demo account and after that, when you surely be ready, start to make money. Good luck friend.

#5

11/21/2020

Anonymous31878073

Threads: 25

Posts: 18

I am a big fan of different interesting games and decided to use one casino source. You can check here in order to know more and to play online games better. 

#6

01/26/2021

Anonymous31908689

Threads: 0

Posts: 6

I prefer MT4. I've been trading with Instaforex broker for 1 year already and I'm very sattisfied with their MT4 trading platform. MT4 was specifically built for forex traders. https://www.ratingfx.com/instaforex - that's why I recommend you to use MT4 over MT5.
Edited by Anonymous31908689 on 01/26/2021 03:19

#7

07/12/2022

Anonymous31941653

Threads: 0

Posts: 3

see the below mt5 Brokers https://www.mt5.io/ 

#8

07/12/2022

Anonymous31941653

Threads: 0

Posts: 3

#9

07/19/2022

Anonymous31913683

Threads: 18

Posts: 526

Learn the four keys to learning Professional Forex Trading. Learn the five questions to ask any Forex firm when seeking to learn how to trade Forex. And, learn why the Forex market is the best market environment to learn the business of trading. metatrader 5

#10

09/01/2022

Anonymous31940847

Threads: 1

Posts: 10

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury. colibritrader.com is the process of speculating on currency prices to potentially make a profit. Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other.

#11

04/19/2025

Anonymous32025823

Threads: 0

Posts: 319

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#12

06/06/2025

Anonymous32036567

Threads: 0

Posts: 240

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