What is this MT4, MT5...is this marketing talk?

[Aaron_0]

Hi,

I downloaded this android app - Forex Portal - and see this terms that don't mean much to me. I am technically savvy and like to take out marketing jargons to understand systems.

Please reply if you know answer to any of the following - Thanks!

1- I see the terms MT4, MT5, etc...what are these systems? are they some standard?

2- Are they really needed or just marketing terms for a software someone made?

3- Do they bring real value to the table that individuals can't do with their own programming?

4- Are these well known terms among the community of traders?

5- Alternatively, if someone wants to code their own thing should they start with some tool or build their own without any other tool's help?

Thanks,

 

[Elijah_0]

MT4 and MT5 are widely used trading platforms providing charting, indicators, and automated trading tools. They are industry standards, adding value by simplifying analysis and execution. Coding custom tools is viable but requires advanced skills and significant effort.

 

[Ricky Rk]

MT4 and MT5 are popular trading platforms used by forex traders for charting, executing trades, and using automated strategies. They're widely recognized and provide real value with built-in tools and ease of use, though custom coding is possible. Many traders prefer starting with these platforms before considering custom development.

 

[Anthonio]

Hi,

I downloaded this android app - Forex Portal - and see this terms that don't mean much to me. I am technically savvy and like to take out marketing jargons to understand systems.

Please reply if you know answer to any of the following - Thanks!

1- I see the terms MT4, MT5, etc...what are these systems? are they some standard?

2- Are they really needed or just marketing terms for a software someone made?

3- Do they bring real value to the table that individuals can't do with their own programming?

4- Are these well known terms among the community of traders?

5- Alternatively, if someone wants to code their own thing should they start with some tool or build their own without any other tool's help?

Thanks,

MT4 and MT5 are industry-standard trading platforms offering charts, indicators, and automation. They’re not just marketing terms—they provide real value and save time. Most traders use them, but if you prefer coding, you can start with their APIs or build your own from scratch.

 

[RainbowRain]

Mobile versions of these platforms are also available, allowing you to trade on them from your smartphone without being tied to your desk, which is very convenient and comfortable.