Getting Started with MetaTrader 4 and 5 on JustMarkets

MetaTrader 4 often referred to as MT4 and MetaTrader 5 often referred to as MT5, are probably the two best-known trading platforms globally, designed mainly for fx trading. Two services provide a lot of opportunities for chart analysis, charting, scripting and automation. Nevertheless, they differ in some aspects, and all are appropriate for various kinds of traders.

Comparison of MetaTrader 4 and 5

Meta trader 4 (MT4)

One of the most famous terminals for FOREX trading is MetaTrader 4 (MT4). This includes: easy and intuitive graphical user interface, extended opportunities for the analysis of the quotes, including unique tools for creating charts, the possibility of using the Expert Advisors that can control the work of the terminal and allow the merchant to trade automatically. Hedging is enabled in MT4 and this is one aspect that we know most forex traders embrace in their trading processes. Nevertheless, it is available for a limited 9 timeframes and less number of orders. If you have problems or for a clearer explanation of anything the Helpcenter by Justmarkets  is the platform to visit.

Meta trader 5 (MT5)

 MT5 is a Multi-asset platform that is an advanced version of MT4. It can also operate more types of assets such as the Forex, stocks, commodities and indices. It also has the benefit of 21 timeframes, extra order types, and an integrated economic calendar. In this aspect, it can cover both hedging and netting to be rather more advantageous for traders who want to consider different options. This is by far the most important criterion that determines whether you should engage in stake and option, or CFD trading

Benefits of Using These Platforms

The features and capabilities of MT4 and MT5 are discussed below in an effort to provide an understanding of the value of each. Another benefit can be mentioned as the availability of these files across the devices. With these, traders are able to access the platforms on both the desktop, web and mobile terminals so that they can be connected to the market at all times. The two platforms also feature other advanced technical analysis tools, charting and interfaces which users can customize according to their choice.

MT4 is suitable for the forex traders especially those that require a simple platform, but with a reliable auto trading function. MT5 on the other hand allows traders to widen their asset offering beyond the traditional Forex market assets such as commodities and stock among others. Another advantage of MT5 is that it has many threads for back testing to make it easier to fine tune the approach to trading before actually applying them.

Each of the platforms gives the users exposure to big trading communities whereby they can share their strategies, trade ideas, and scripts. 

Conclusion

JustMarkets has made trading easily accessible to all levels with MetaTrader 4 and 5, each of which have different features for different types of trader. Just like anything in life, MT4 has a more basic and uncluttered look, MT5, on the other hand has better features and while trading involves the use of any of the two platforms, one gets everything he needs for trading in these two platforms. JustMarkets provides easy integration with both of them, which makes this broker suitable for trading with the platform, as well as having powerful trading tools.