What is MetaTrader and why use it
In short: MetaTrader (MT4 and MT5) is a trading terminal used by many forex brokers. You view charts, open and close trades, set stops and targets and add indicators and trading robots there.
MT4 vs MT5
MT4 is the older, forex-focused version. MT5 is newer, with more timeframes, order types and markets. Which one you use depends on the broker.
Tip for beginners
Learn the terminal on a demo account first: how to place a pending order, a stop and a target, and how to calculate size. A sizing mistake on a real account is expensive.
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Trading on financial markets carries a risk of losing money. This material is educational and is not investment advice.
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