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Forex Trading Platforms

Metatrader 4 (MT4), Metatrader 5(MT5)Platform Metatrader 4 Metatrader 5Developer(s) MetaQuotes Software MetaQuotes SoftwareRelease 2005 2010Website www.metaquotes.net www.metaquotes.netMore than 90% of Forex brokers choose metatrader 4 as their trading platform. Currently mt4 is still the most popular platform among traders. Only a few brokers offer MT5 trading as an option. There are thousands of indicators and EAs (Expert Advisors) developed for metatrader.(MetaTrader community Codebase: http://www.mql5.com/en/code) Most popular Metatrader […] Continue Reading →

Types of Retail Forex Brokers: ECN vs DMA vs STP vs Market Maker

DD/MM(Market Maker, brokers that have dealing desks)DD/MM Dealing Desk Brokers ( or Market Maker):Act as a counterparty for client transactionsRoute orders through Dealing Desks “Make the market” and trade against clients. (They take the opposite side of the trade. When traders want to sell, they buy from them, when traders want to buy, they sell to them) Dealing […] Continue Reading →