The MetaTrader Reality Check

Most people who trade forex lose money. This book shows you exactly how - and who profits from it.
MetaTrader 4 and 5 put a professional trading terminal in anyone's pocket - and built an entire industry of brokers, robot sellers, signal groups, funded-account firms, and outright frauds around it. Drawing on regulator enforcement records, academic studies, court filings, and thousands of trader-community reports from Myfxbook, Forex Factory, ForexPeaceArmy, Reddit and beyond, The MetaTrader Reality Check separates what is real from what is marketing.
Inside you will find: why American forex rules (the 50:1 leverage cap, FIFO, the hedging ban) exist and the hard evidence they actually protect traders; the six legal US brokers and exactly which offer MT4 and MT5; what the rest of the world trades on MetaTrader - CFDs on indices, gold, oil, stocks and crypto - and how each instrument really differs from currency; the
verified truth about trading robots, with the documented case files of the great robot frauds; the complete anatomy of modern trading scams, from fake brokers and Telegram "mentors" to pig butchering and prop-firm fee harvesting; and the evidence-based practices - position sizing, leverage discipline, journaling - that give a beginner an honest chance.
Illustrated with 14 data charts built from primary sources, backed by more than 150 cited references, and finished with two working, fully commented MQL5 programs - a SuperTrend indicator and a SuperTrend Expert Advisor - so you can see for yourself exactly what a "trading robot" is.
No hype. No signals to sell you. No guaranteed returns - from anyone, ever. Just the documented reality of retail trading on the world's most popular platform, and the fifteen rules that separate the survivors from the statistics.
Educational content only; not financial advice.