Metatrader 4 was my first introduction to a charting platform that actually worked the way I wanted…and it is free. Ever since I first discovered it, I have been using it exclusively. True, it's not perfect, but no piece of software is.
But there was still something missing.
A mobile trading app that would allow me to have the same (or similar) functionality when I am on the go. I guess that could be a good or bad thing, but I think it is something that every trader dreams of.
My first iPhone forex charting software was a big step up from what I had used before, but it was slow and very limited. In addition, they wanted to charge $60 for you to speed up the chart loading and link it to a trading account in which they were the introducing broker. That meant higher spreads and questionable execution. No thanks.
So when I heard that there was a MT5 app that was available for free, I downloaded it and installed it immediately on my iPhone 3G. Here are my first impressions: