they are different thing.
Big Players or Large Financial Firms Using Bloomberg Terminal
MT4 famous only in small traders and in Forex Brokers (Mostly Brokers age less then 10 years), MT4 famous for Automated Trading via Expert Advisor
In Big volume trading like in Stock trading there no concept of AUTO Trading , their trade runs for years and they holds for long
Any Market Data will remain same in all terminals
"Terminal" is "ATM machine" in Russian language.When I go to supermarket or to the bank to take cash from Visa card so I will use terminal:)
That Physical Terminal, It's Software Terminal
MetaTrader 4 Help - Client Terminal – User Guide
MetaTrader 5 Help - Trading Platform - User Manual
So, the Bloomberg is terminal, MT4 is the terminal, ATM machine is terminal,But Metatrader 5 is the Trading Platform!:)
So, the Bloomberg is terminal, MT4 is the terminal, ATM machine is terminal,
But Metatrader 5 is the Trading Platform!:)
How can anyone compare Bloomberg Terminal with Metatrader 4/5 Platform?!
Yes, they are both ment to analyze the chart and execute trading orders, but in the end both are totally different.
Starting with the fact, that renting a bloomberg terminal costs around 14k $ a year. Therefore you get news ahead of other market competitors;
you can compare it with a very fast sqawk box [that you normally must pay either].
I think that you will also get some sentiment data, and other buy/sell advisements.
Belonging to Bloomberg means belonging to a big community of (big) market traders,
while belonging to the mql community means actually the same, with the only difference that there is a big moderation team at bloomberg that analyzes the market data beforehand and delivers the most significant to its subscribers.
Also to mention is for ex. Reuters Eukon, which is sort of the same (with less subscribers).