The Trading Platform is a software (software) that is used to monitor the price movements in the financial markets and conduct financial transactions online, and often also equipped with various tools to help traders and investors in the analysis. In forex trading, the most famous is the Platform Metatrader4 (MT4) developed by the company Metaquotes. Because of the famous brand, MT4 has become an epithet that grounded for "Forex" Trading Platform, similar to the term "Aqua" bottled drinking water products; Although there are lots of other types of Trading Platform. In fact, MT4 is indeed the most widely adopted by broker-forex broker, so it is also used by most forex traders in the world. However, there are actually several other types of Trading Platform that has its own advantages compared to MT4 and can be an alternative option to help improve the quality of our trading. The following three platforms in addition to MT4 are:
Platform Metatrader5 (MT5)
Mt5 is a "sister" of MT4 that is actually developed by Metaquotes Trading Platform as the "next generation" more sophisticated than MT4. Her looks like this:
Although the interface (interface) similar to MT4 MT5, but have many advantages such as:
Mt5 provide almost three times more timeframe (timeframe option 21) compared to MT4.
Available Tick Chart in integrated, so no need to download from the outside as on MT4.
The trader can open up to 100 charts at once.
Mt5 Forex Calendar provides directly on the platform. These facilities are not provided by MT4.
Mt5 provides more choice of technical indicators compared to MT4. Even if we want to * install a non-standard indicators (custom indicators), then you can search for and buy it in the marketplace that is already integrated with MT5.
However, MT5 also has some drawbacks that hinder traders MT4 user to switch platforms. First, the default FIFO rules using MT5 (First In, First Out) which requires a trading position at one pair to be closed in the order opening, so that it does not allow trading techniques Hedging or Locking. Second, the algorithm that is used is different with MT4 MT5, so non-standard indicators and trading robot (Expert Advisor) already used will become redundant if traders choose replace from the MT4 MT5 becomes.
Platform cTrader
MT4 platform in addition to the two cTrader is developed by the company's Spotware System with a direct connection to load the No Dealing Desk (NDD). In this case, cTrader completely different Platform with MT4 that is designed for use by brokers in trading execution via Dealing Desk, so cTrader abroad is becoming a new favorite traders user service broker-ECN broker provides direct access to the forex interbank market.
In General, in terms of the interface (interface) Platform cTrader cleaner and "cleaner" than the MT4. However, the range of technical indicators that are already integrated in the cTrader it was more limited in number. As for the programming languages used in the Platform cTrader is C # (cAlgo) different C (MQL4) on MT4 and yet many of its users, so that a non-standard indicators and stock trading robot which can be used cTrader users get very a little bit.
Platform SIRIX
Platform developer company artificial Leverate SIRIX, designed with a very different concept with MT4, MT5, or cTrader. SIRIX accentuates Social feature that combines features of the trading Platform with features of Social Media. The result is a unique trading experience and Java.
Imagine if after the order, then we can share the order so that we will know there is a follower trading opportunities good time. We can also see those transactions conducted our friends or professional traders, and then choose to ignore it or quite the cheating and the bandwagon in the same transaction. Thus trading experience using SIRIX Platform.
In addition, SIRIX also created in the form of a calendar with a Forex Webtrader is already integrated in it. That is, we do not need to download and install any software in gadgets-gadget we use. To wear SIRIX, simply access the page via the browser, then log in with the username and password that was provided to the broker, then trading.
Thus the three different types of Platforms in addition to MT4 which you need to know. There have been many brokers who provide it, so the user is not limited to one particular broker clients only. You can utilize these platforms to refresh the trading and who knows, increase profits.