What is meta trader? this is an electronic platform that is used to execute your orders in online market, this is a software that directly connected with your broker and then you insert your order and it place in market on behalf of you.
There are several software in market that brokers are giving free of cost. I am talking about international brokers, not local brokers, because some local brokers in your country may charge you some amount of money for the meta trader they have, some brokers are still offering the old version of meta traders.
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| Meta trader 4 |
What I know about meta traders, I have found that meta trader 4 is the best. Although meta trader 5 is available in market and with some brokers, but mostly traders prefer meta trader 4, what is the difference? there are only a few differences between these two meta traders. Most of the differences related to order execution.
You will see some difference in meta trader 5, that the tabs which you can see below the meta trader will be a bit different from meta trader 4, the order execution will also be different, but one main thing that you can not do in meta trader 5 is, Hedge, this is a thing that you can do in metatrader 4, but not in metatrader 5. This is one kind of trading technique, that will be used in your trading session, when your account is in critical condition. But if you are using metatrader 5, then I am sorry to say, that you will need to replenish the account with big amount to secure the remaining amount, otherwise you will lose your whole account. Below is a picture of metatrader 5.
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| Meta Trader 5 |
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