It is quite better for the beginner to start with MT4, but I suppose they can start learning MT5 and not face any issues in that. So that I will have to say depends on your preferences when it comes to trading. I did start with MT4 and made my way to MT5.
Meta trader 4 and Meta trader 5 are two widely used platforms but mt4 is simple to understand. On the other hand mt5 is hard to understand. But those who are expert about mt5, it is easy to them. So, it it’s a big deal whatever your platform type is, but the fact is that how much you know.
MT4 is best for beginners as it is easy to use. On other hand, MT5 is a better-advanced trading platform with robust analysis with 21-time frames and a depth market analysis with 38 built-in indicators.
MT4 is the greatest option for a newcomer because it is simple to understand and trade on. MT5 on the other hand, would be a little more technical for newcomers. However, with enough time and practice, switching to MT 5 will be a breeze.
So the general difference between the two is that MT4 was created to trade Forex, while MT5 was created to make trading non-Forex CFDs easier. They are programmed in distinct languages, and MT5 enables faster backtesting than MT4. Unlike MT4, MT5 has a DOM (depth of market) feature and is theoretically supported by MetaQuotes.
IMO, both the platforms are good for trading in forex.. I personally find MT4 more suitable for the newbie as it is more simple and easy to understand , whereas MT5 is somewhat technical. But once the newbies get to trade in Mt4 then trading in Mt5 would not be that difficult.
I used MT4 when I initially started trading and subsequently switched to MT5. You are free to select any of them. Despite the fact that MT5 is more advanced and comes with better features, MT4 is still the most popular trading platform for Forex and CFDs.
Both MT4 and MT5 feature a simple interface, with a few exceptions: MT4 is a lot simpler and easy to use. It enables traders to tailor the platform's interface to their own trading demands and objectives. MT5 is more complicated since it includes more trading capabilities and marketplaces.
I suggest the MT4 for beginners during their initial stage to understand its functions and then move to the MT5 because the MT5 is an advanced version of the MT4, which can be difficult to understand without previous knowledge of its platform.
Even though the MT5 is an advanced version of the MT4, I suggest beginners use the MT4 because it is comparatively simpler and easier to use, whereas the MT5 is more complex as it consists of more trading features and markets.
MauMar posted: Is the MetaTrader4 (MT4) or the MetaTrader5 (MT5) the better trading platform for a new trader? I am looking for the most user-friendly trading platform that a beginner will find easy to use.
I have used both MT4 and MT5. Even though MT5 has some upgrades I can say that MT4 is far better. Mailbox usage is more easy. Market signals can be shown more fastly. Lastly, I have more experience on trading MT4 background, so it is more easy for me to trade on it.