Metatrader Basics
Metatrader is a software or application that is a terminal or liaison between traders and the broker's server system online. With Metatrader, the trading process will be much easier and faster, as well as various advanced features for analyzing and executing orders. Compared to other terminal software, this metatrader is the best because it has the advantage of providing facilities for traders to be able to add and create special scripts (Custom Indicators, Robots / Expert Advisors, etc.). This Metatrader software is not made by a particular Forex Broker, but by a company that develops tools specifically for forex trading, namely Metaquotes.
Metatrader Basics:
Each broker will usually provide Metatrader with its own branding, such as MT4 FBS, MT4 XM, MT4 Exness, etc. It has been guided when registering and creating an account so that novice traders are not confused about where to start. Traders do not have to use the respective metatrader of the Broker to log in with an account at another Broker. it's just branding or naming with already equipped broker server database related in it. The software platform is the same as Metatrader. Unless you want to tidy up by, for example, installing MT4 FBS for FSB accounts, then installing MT4 XM also for accounts on XM, and so on. Even if you can actually log in with your XM account on MT4 FBS.
This MT4 or MT5 is usually determined by each Broker according to the type of account the trader chooses.
After downloading and installing the Metatrader Software. Then it will be automatically directed to login. and at the same time directed to the opening of the MQL5 site (can be continued later).
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