(MENAFN- Investors Ideas) May 11, 2017 (Investorideas.com Newswire) The multi-asset platform MetaTrader 5 (MT5) allows investors to trade forex, stocks, CFDs and futures with the help of superior tools. These tools enable investors to carry out comprehensive price analysis and implement algorithmic trading applications (Expert Advisor, trading robots) and copy trading.
The key features offered by MT5 are as follows:
The platform supports hedging. It allows you to open multiple positions with the same asset, either in the same or opposite direction. In forex trading, this feature is put to a great deal of use. MT5 supports advanced Market Depth as well as the netting system. This is adopted by exchange markets. Trading can be done by placing two types of orders, six types of pending orders, Trailing Stop and two stop-orders. MT5 offers 38 built-in indicators for carrying out technical analysis in a professional manner. It also comes with 44 built-in analytical objects that can be used for analyzing stock quotes and currency in a comprehensive manner. You can subscribe to successful traders' signals directly from the platform and copy their orders. The availability of the Economic Calendar is helpful in forecasting market movement. You can read financial news right on your platform. A host of technical indicators and trading robots can be accessed directly from the platform. MT5 offers the Strategy Tester feature for testing the demo version of a product that you want to buy from the market. you can rent a virtual server directly from the platform. The built-in MetaEditor enables you to create your own indicators and trading robots. All assets can be controlled from one platform and use alerts option to make use of every trading opportunity. You can customize charts and indicators. - MT5 works on Android and iOS devices.
Having discussed the key features of the MetaTrade 5 platform, some of the benefits of using it are:
#1: Flexibility
MetaTrader 5 offers two position accounting types: market depth and orders and deals. The different order types and execution modes offered by MT5 enables you to exercise a great deal of flexibility. You can make use of any trading strategy to successfully trade the financial markets.
#2: Technical Analysis
The ability to carry out technical analysis in a professional manner in MetaTrader 5 enables you to examine currency and stock quotes from all possible angles. As the platform has been created with the all-in-one concept in mind, it offers some of the best analytical tools. It allows you to open up to 100 stock quotes and currency charts at a time. Further, the 21 timeframes feature enables you to do a comprehensive analysis of even minor price movements. Finally, the analytical resources are not limited to the tools that have built into the platform, you can choose thousands of indicators free of charge from the Code Base, or purchase, or rent applications from the Market.
#3: Fundamental Analysis
Carrying out fundamental analysis of financial instruments on MetaTrader 5 platform enables you to clearly fathom the impact of different economic as well as industrial indicators on the prices of currencies. News released by international agencies are updated on the platform in real time, providing immediate access to essential financial information. On the other hand, the economic calendar provides release schedules of key macro economic indicators of various countries.
#4: Copy Trading and Trading signals
If you don't have the time to analyze the markets and place trades manually, you can subscribe for the signals program offered by MT 5. It will reproduce all the trades executed by a successful trader in your trading account. You can choose from a large number of free as well as paid signals based on your risk appetite and profitability goals.
#5: Mobile Trading
MetaTrader 5 makes it possible for you to trade forex on the go. It provides apps to access the currency market on your tablet or smartphone that is powered by iOS or Android operating systems. All that you have got to do is to download and install the mobile version of MT 5 on your Android or iOS device.
#6: Web Trading
It is also possible to do web trading on the MetaTrader 5 platform. It allows you to trade forex using any browser on any operating system. The MT 5 Web Platform is a great option when it is not possible to either install a desktop terminal or use the mobile version.
#7: Algorithmic Trading
Algorithmic trading or automated trading on MT 5 makes use of trading robots (Expert Advisors) that operate without your involvement. These special applications analyze quotes and place trades on the basis of an underlying algorithm. Further, the built-in Market in MT 5 enables you to purchase or rent thousands of trading robots as well as technical indicators
#8: Virtual Hosting (VPS)
You can subscribe for Virtual Hosting directly from the MetaTrader 5 platform and keep your account active even if your computer is turned off.
Summarizing, the multi-asset MetaTrader 5 forex trading platform offers everything you need to involve in full-fledged trading operations provided you work with the best forex MT5 brokers.
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