The MetaTrader Platform
MetaTrader (MT) is the application or platform that most traders use when trading in the Forex market. Traders normally obtain MT login details after signing up with a Forex Broker.
Basically, traders usually download the application online or from a broker’s website. However, we have MT4 and MT5. Generally, many traders use MT4 platform for Forex Trading while professional traders use MT5 whenever they want access to CFDs, stocks, and futures.
Moreover, the MT4 platform is well known in the Forex industry, while MT5 is less popular amongst traders.
Forex traders buy and sell currency pairs on the MT4 or MT5 platform. Traders with little or no experience can register an account with a Broker, generate login details on the Broker’s website and enter their details on the platform in order to execute trades.