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TradingView is a modern, evolving stock charting and trading tool. It’s far easier to use, it looks great on any platform and makes MT4 look very clunky in comparison. 4. Instruments. MT4 is strictly for forex trading and has never evolved beyond that. If you want to expand into stock trading, crypto trading or CFDs then MT4 is no good at all.
Download for Windows Linux macOS. MetaTrader 5 offers a wide variety of functions for the modern forex and exchange market trader: Full set of trading orders for flexible Forex, Stocks and other securities trading. Two position accounting systems: netting and hedging. Unlimited amount of charts with 21 timeframes and one-minute history of quotes;
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Instruments. Unlike TradingView which supports a broad instrument list, MT4 is mostly recognized as a forex centric platform. A disclaimer – this limitation is not always the case as other instruments are made accessible depending on your broker.
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TradingView Vs MT4 - Which Service Is Better in 2022
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One of the main differences between the two platforms is that MetaTrader 4 is designed as a trading platform, whereas TradingView is designed as a charting application. There are thousands of forex brokers offering MetaTrader 4, whereas TradingView only supports three brokers. Charting and technical analysis
1. You have a decent account size. Earlier, I mentioned that if you have a $1000 account, it doesn’t make sense to subscribe to TradingView because you need to generate a return of 12%/year to breakeven. But, if your account is larger (let’s say $5000), then it makes sense since you only need 2.4%/year to breakeven. 2.
The only difference between MT4 and TradingView from a beginner’s standpoint is how available it is. An MT4 platform requires you to be registered with a broker, while TradingView can be accessed freely. Why is MT4 more popular? When we compare TradingView to MT4, MT4 is more popular because it is directly connected to the financial markets.
TradingView Review: Why I switched to Tradingview from MT4
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From our analysis, it is easy to see why many individuals conclude that TradingView is better than MT4. It is more modern, has more indicators, plus has impressive charting tools. However, this does not mean that it has a total advantage over MT4.
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MT4 is more popular when compared to TradingView partly because it supports the placing of trades. It is a preferred platform for almost every single forex broker. However, when carrying out in-depth market analysis, TradingView stands out and is the most used, especially among experienced traders who then resort to placing trades on MT4.
10 Reasons TradingView Is Better Than MT4 in 2021
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Compare MetaTrader 4 vs. MetaTrader 5 vs. Tokenview vs. TradingView using this comparison chart. Compare price, features, and reviews of the software side-by-side to make the best choice for your business.
MT4 vs. TradingView: What Is Forex Traders’ Best Choice .
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