If you have recently started trading in forex, you might be confused about how to get the job started. Having a guiding tool at your disposal can help you in the long run and make things much easier. Currently, MT5 is giving other platforms a run for their money with its advanced features and algorithm, a dream come true for people in the trading business. MetaTrader 5 doesn’t only support forex trading but lets you dabble in the exchange and futures market as well with its innovative platform.
Whether Linux, Mac, or Windows, MetaTrader 5 is supported on all operating browsers, giving you accessibility anywhere at any moment. The platform is also available on the web, so you do not need to download any application separately for financial quotes and trades. Let us look at some of the features of this platform that will enable you to make a well-informed decision.
1. It Has Tradable Assets
There are many tradable assets in the MetaTrader 5 platform apart from the forex as CFDs. You can easily trade in assets like crypto, futures, trade indices, bonds, and options, among others. The earlier version of the platform, MT4, had only 250 assets compared to the newly included list of over 1000 in MT5.
2. Provides Information on Market Depth
The depth of the market is a crucial point that every trader or broker has to be aware of. MetaTrader5 gives you the option to learn about the same through the platform. All you have to do is click Alt + B, and voila! The information is at your service. The market depth is charted accordingly and represented in graphical terms where you can view the bids and offers of an asset according to the volume of trading. You can use this information to place your orders at a good price point.
3. Easily Transferable Funds
You will never have to worry about transferring your funds for trading again, with MT5 providing you with the most reliable and trusted fund transfer process. You can transfer funds between any two accounts as long as both belong to the same server. Clients are raving about this feature as it not only provides you with much-needed flexibility and convenience but also makes the process streamlined.
4. Provides Strategy Testers
The strategy testers provided by MetaTrader 5 are multi-threaded, which means that the execution speed is faster than ever before while running tests on the strategies you might have programmed. It is a saviour for financial trade advisors because, with features like the Agent Manager, clients get the option to optimise their strategy and go ahead with multi-currency backtesting in concurrent pairs.
5. It Has an Economic Calendar
Imagine how much easier your job would be if you kept every piece of data organised securely. Your prayers have been answered with MetaTrader 5’s comprehensive calendar that keeps you up-to-date with news releases, market consensus, data collection, and impact levels.
Stock trading is always risky, but having a trustworthy platform helps you navigate your business indeed helps. Especially with MT5, which considers user satisfaction and coveted features its top priorities, you are always in good hands with their premium service. You are good to go as long as you have a good internet connection to operate the platform! So stop wasting your time and invest it in MetaTrader 5 today!
