MetaTrader 5 was dubbed by some as the “stepping-stone for Forex traders”. These reasons for this logic are outlined in this article. Let’s start with some basic information about the MT5. More help?

MetaQuotes Software created this Forex trading platform. Client and server components are used to link traders through the Internet with the forex market. Although the software was launched in 2005, it’s not old. Despite its successor being available, today’s most popular traders continue to prefer MT5 version over the latest.

Its support is one reason it’s considered ideal for beginners. There are many options to quickly get any MT5-related question answered. They have their very own support staff. When you get the free download from brokers you can access their support team. In the event that neither of these sources is able or willing to assist you, there are many MetaTrader Support groups online. These groups contain users who are able to assist you with any software-related problems.

MetaTrader 5 offers a solid option to new traders, despite the lack of a mobile version. The Expert Advisors are tools which help traders to make sense of everything they see. Even those without prior forex experience will benefit from the Advisors, which help to analyze the data.

MetaTrader 5 has a lot of new traders because it offers free demo accounts. New traders can “test the waters” with these accounts. The practice accounts can be easily downloaded by brokers. They are a great way to get accustomed to trading.