🖥️ 1. MetaTrader 4 (MT4) / MetaTrader 5 (MT5): The Forex Classics
- MT4 is the go-to platform for forex trading, popular for its simplicity and reliability.
- MT5 offers more features, like more timeframes and access to additional markets (stocks, commodities).
Benefits:
- Advanced charting tools and technical indicators.
- Supports Expert Advisors (EAs) for automated trading.
- Customizable with MQL4/MQL5 scripts.
Example:
- You can set an EA to automatically buy EUR/USD when a certain pattern forms.
🌐 2. WebTrader: Trade Directly from Your Browser
- A web-based platform that doesn’t require downloading software.
- Usually, brokers offer WebTrader versions of MT4/MT5.
Benefits:
- Accessible from any device with internet access.
- User-friendly interface without complex setups.
Example:
- You’re on vacation and want to check your trades — just open a browser and log in.
📱 3. Mobile Apps: Trade Anytime, Anywhere
- Mobile versions of MT4/MT5 are available for iOS and Android.
- Many brokers have their own custom trading apps.
Benefits:
- Get real-time alerts and manage trades on the go.
- Simple interface optimized for smaller screens.
Example:
- You get a notification about a sudden market move and can act immediately from your phone.
