What would be your preferred trading platform and Why?
It would be Bloomberg but I can not afford it
$24.000 a year for a single terminal subscription (if you have two or more terminal subscriptions it is $20.000 per terminal). Not so cheap indeed (and that is without coding that you have to pay for it on prices that are nothing similar to mt)
And still they have 315.000 subscriptions. So much about mt being a "leading platform". For what?
What are they charging for so much?
Bloomberg Terminal - Wikipedia, the free encyclopedia
Well that looks like a system
Just one part :
On the buy-side, our global network of 2,500+ broker destinations helps traders and portfolio managers discover liquidity and run broker analytics to determine which brokers and venues can provide the best execution. Filter relevant IOI content and set alerts on select names by integrating this content with Bloomberg lists and market data. Broker rankings draw from our broad and global network to show advertised trade volume, so you can assess which brokers provide the greatest liquidity.
metatrader will never ever have that
HI. Does anyone uses MT5? Which platform is better?
MT5 failed to gain traders confidence (you can see that on every forex site)
The question should be : why (it did not gain confidence of traders)?
Nobody is using mt5 - except those that are forced to (US laws)
But even those are avoiding using metatrader : why should they use metatrader when they have better alternatives
Soon none of us will trade forex : currently 70% of forex trade in Europe is done by computers. In the US that number is higher. We can not beat that