Features of MT5 that Other Crypto Exchanges Don’t Have
MT5 is a comprehensive trading platform that supports everything from stock options to cryptocurrency trading. When used with a crypto exchange, MT5 can provide a number of advanced features and tools that traders wouldn’t otherwise have access to. Here is a brief overview of the advantages of using MT5 for crypto trading.
Advanced Customization Options
From the dashboard to the trading indicators, nearly everything in MT5 can be customized by the user. Users are able to run reports, track specific cryptocurrencies, and analyze the market based on their own trading strategies. Being able to customize your cryptocurrency dashboard is the easiest way to consolidate multiple markets and exchanges and pay attention to real-time cryptocurrency data.
Support for Multiple Platforms
MT5 can be accessed on everything from smartphones to desktop computers. An accessible and diverse platform, MT5 can be used by investors from anywhere they are, on multiple devices, for better responsiveness. Many other exchanges are only available on specific platforms, which can limit trading activity and make it more difficult to profit.
Intuitive One-Click Trading
Though MT5 can be customized by advanced and expert traders, it’s also designed to help beginners. Intuitive, one-click trading processes make it easier than ever for investors to initiate trading. Trades can be launched immediately or can be scheduled based on specific factors, such as a price point being met. All of this makes it easier for investors to manage their trades even with limited experience.
A Strong and Growing Community
MetaTrader has existed through four prior iterations and has a very strong and supportive community. While crypto is comparatively fairly new, MetaTrader’s community has existed for a long time and is able to offer support, information, and advice for new users. A large amount of documentation is available for those who have questions and who are just now learning how to trade.
Expert Advisors for Trading
MT5’s special Expert Advisors functionality makes it possible for traders to benefit from the knowledge and experience of skilled professional traders. Through MT5, users are able to mimic the trades of professional analysts or just learn from their predictions. For those who are entering into the crypto market — or those who want to understand the temperature of the current market — this information can be invaluable.
Phone and Email Trading Alerts
MT5 provides phone and email trading alerts, as well as native mobile alerts for those who have the mobile application installed. These alerts will keep traders up-to-date on their trades in real-time, making it less likely that traders could potentially miss something that’s important. Phone and email trading alerts can be used to tell traders when key indicators have been passed or alert them when trades have been opened and closed.
Both beginners and experts will find MT5 an accessible and easy way to manage their cryptocurrency trading. With i-Pandora, MT5 can be used to research market sentiment, follow expert analysis, track indicators, and otherwise improve trading strategies. For more information about the advantages of MT5, sign up for i-Pandora today.