MetaTrader 5 is an improved and more modern version of the most popular platform among traders, MetaTrader 4. This series is famous for its versatility, accuracy of operation, and friendly interface. Due to many years of practice, all critical and non-critical bugs have been fixed on both platforms for a long time, and there are plenty of video tutorials available for free access.
If an analyst performs live and shows his trade, most likely, it is MetaTrader 5 that will be opened for him. Compared to its predecessor, this platform has more opportunities for market analytics (for example, more indicators) and an expanded environment for testing trading advisors. Also, functions have been added for the requests of traders, and in general, it is very convenient to use it.
Installing And Configuring The Metatrader 5 Platform
If you want to find the metatrader 5 download, you can easily find the Metatrader 5 platform on trusted sites, available for free download. Choose the most suitable format for yourself:
- desktop version – for laptop, available in Windows and Mac versions;
- web version for trading directly in the browser, from any computer;
- a mobile platform for trading from Android or iOS smartphones.
After you download the platform, the mt5 icon will appear on the desktop of your computer or mobile for a convenient and quick launch. As soon as you open it, you will need to enter the login details to your trading account: this can be either a training demo account with a virtual balance (on the Demo server) or a real one.
How To Open A Real Account In Metatrader 5
Register and fill in several fields, pass a quick profile verification, and will be able to open as many demos and real accounts as necessary.
Data for access to the selected platform will be sent to your email address. Accordingly, if you are going to trade on MetaTrader 5 when registering an account in your Personal Account, you must specify it.
Now open the received email, copy the username and password from the account and enter them directly on MT5.
The Appearance Of The Platform
Congratulations, you are now inside the MetaTrader 5 platform. A large window with a graph (or several windows located on top of each other) immediately catches the eye. This is the main field that you will be watching.
By the way, you can simultaneously keep open as many graphs as necessary (up to 100), as well as attach and detach them from the general frame, drag and resize them. You can close them at any time by clicking on the cross in the upper right corner.
To the left of this area, you will see a window with a list of available assets — “Market Overview” — and a “Navigator” with indicators, available expert Advisors, a list of scripts, and other services from the developer. Your open trades are located at the bottom, under the chart.
The Platform For Mobile Devices
As we mentioned earlier, you can download the platform not only to your computer but also to your mobile. The functionality of this version will please you: it supports the use of indicators, the installation of graphic objects, the setting of alerts (sound or message), viewing the market glass, and even one-click trading (it must be activated in the “Settings”). The same 260+ assets are available, including stocks and futures.
However, if you are interested in algorithmic trading (robots/Expert Advisors), then it is not supported, as well as the use of scripts. Transactions opened on the mobile platform are also displayed on the desktop version. Of course, you need to log in to the account with the same data (login-password).
SUBSCRIBE FOR MORE! HERE'S WHY:
1. You get 7 free books
2. You get the best money & productivity articles
3. You get the latest updates - all in one email per week