market data in order to help them forecast future price movement. Metatrader 5, the MT5 is simply an upgrade of the MT4 platform. With these findings, a trader can decide to use that strategy on a similar current condition, or not. Good addition, a lot of traders will agree, but not better than the MT4. The content of this article reflects the authors opinion and does not necessarily reflect the official position of LiteForex. This is the actual reason a whole lot of forex traders prefer the MT4 to the MT5 platform. The aim of backtesting in forex help a trader understand a particular trading strategy based on pat history. The met"s platforms include the metatrader 4 (MT4) and the metatrader 5 (MT5) platforms, two of which are among the best trading platforms in the forex market. The Metatrader platform also offers extensive back testing environment. Here are some of the features of the Metatrader 4 platform as offered by most forex traders.
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Since the MT5 was not as popular as the MT4, the producers at met"s decided to make some additions to it in a bid the gain momentum. Most forex brokers support this platform as a result of its indisputable qualities which are not readily available with other trading platforms. With the MT4, one can trade the forex market with the most efficient trading tools, and a freewill to add one as and when due. There is also the most common currency trading tools and the flexibility to add new ones at will. To do this, the hedging platform and a number of other enhancements were added to the MT5.
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