The MetaTrader series of trading applications are the most popular on the current consumer market, with the 5th installation now available to global investors. Not only this, but the MetaTrader 5 application is even available in demo mode through online brokers Alpari, which will enable aspiring traders to explore the financial markets without risking their hard earned capital.
Now given the overwhelming success of the MetaTrader 4 application, the designers will have been hard pressed to make noticeable improvements. There is a delicate line between enhancing an existing product or application and undermining its fundamental appeal, so it is with some trepidation that the MetaTrader 5 app has been released onto the market.
An Overview of the MetaTrader 5 and its Defining Features
Ostensibly a trading platform suitable for the forex market, the MetaTrader 5 can also be used to trade stocks, commodities and precious metals. Like its preceding applications, it allows you to connect with your brokers servers and receive a host of technical analysis, reports and price history. It is one of the first applications of its kind to afford users access to both real time and demo accounts, which can be operated from anywhere in the world and at any time.
One of the features that has distinguished the MetaTrader series of applications is a comprehensive range of technical indicators, which can be used to perform analysis of both the forex and stock markets. The MetaTrader 5 includes 30 independent technical tools, each of which is recognized within the industry and capable of delivering reputable results. These can be accessed in real time and at the click of the button, so you need never miss an opportunity in the fast paced financial market.
What is New with the MetaTrader 5 ?
With the MetaTrader 4 application still extremely popular among investors, the majority of the modifications made for the latest installment have centered around resolving technical faults and improving performance. As a result, users can look forward to an improved interface and enhanced operational performance on Motorola devices, while a previous error that deleted certain account data has also been eradicated. The MetaTrader 5 also benefits from extended authorization, which improves the delivery of real time market prices and historical trade operations.
The Bottom Line for MetaTrader Users
The MetaTrader 5 is undoubtedly the most sophisticated and purposeful trading application on the market, and one which has been designed with the success of previous versions in mind. While the designers have sought to improve the performance of the app and hasten the delivery speed of live market prices, for example, they have done little to alter the core features that have attracted such a wide user base.
Another key benefit of the MetaTrader 5 is its availability in demo mode through the Alpari servers, which enables traders of all experience levels to test the application and understand whether it is compatible with their strategy. This may well prove the defining incentive for traders, especially if they have experience of the MetaTrader series and its numerous benefits.