With the influx of people who are into e-trading, Metaquotes’ hottest application usually tops customer ratings in terms of its effectiveness. The Metatrader 5 or MT5 as most people call it actually a trading platform that caters multiple assets and provides multiple functions. In this post, we shall further dissect some of the comments that were given by the many users of this trading platform.
Common Comments from Metatrader 5 Users
1. Metatrader 5 is a useful and effective trading platform but the earlier version which is MT4 is still more favorable to some traders especially to those who are into forex.
Contrary to the belief of other traders, experts discourage comparing metatrader 5 to metatrader 4 because they were made to perform different tasks. This means that MT4 is not an upgraded version of MT5. To further discuss their tasks, the Metatrader 4 is for Forex traders because they say that it provides convenience towards your FX transactions via trading signals and other tools. The Metatrader 5 on the other hand is devised for traders who wish to have diversified portfolios. This trading application helps traders who are into the usage of various financial instruments such as CFDs, stocks and futures.
2. Metatrader 5 is for Day traders
Such a comment is indeed an honest feedback from the reviewers. Based on some readings, this platform is expected to be fast,reliable and robust. These are some of the qualities that you have to seek for yourself once you have decided to try downloading it. With the use of mathematical, technical, as well as fundamental analysis tools, a trader is able to determine the perfect time for an entry or exit in the market.
- Metatrader 5 platform offers convenience
Such feedback may be true for online traders who are techie and massive gadget users.But for individuals who are not so into gadgets and software manipulation, they might find the application a pretty complicated tool. Knowing the fact that the platform offers the manipulation of multiple accounts with various brokers and traders are expected to access and analyze charts as well as other significant trading data in order to create an effective trading plan means that anyone who wants to fall in love with the application must be well versed in the world or trading and technology.
- Metatrader 5 can help you profit better
The truth about earning good profit in trading lies in a trader’s capability or skill to create good moves in the market. While it is true that Metatrader 5 provides several trading tools and indicators, this does not mean that one can profit more by owning them. As a trader, you have to be well versed towards market indicators and you should know how to use them. It is your ability to manage a well diversified portfolio which will make you earn more into trading. However, we do not neglect the fact that Metatrader 5 can help you get a diversified portfolio by availing different options in terms of broker deals. Metatrader 5 offers an Entry license which provides the capacity of 1,000 real accounts. The standard license on the other hand offers 25,000 default real accounts and the enterprise license offers up to 200,000 default real accounts.
With the four above mentioned and discussed feedbacks, we can derive the fact that comments and feedback regarding the Metatrader 5 application should not serve as your sole basis to assess the effectiveness of the application. Bear in mind that trading plans, targets and other preferences differ from one trader to another. Thus, it is best for you to research,try and see for yourself if the Metatrader 5 really suits you.