MT5 Trading

Each and every person with interest in trading must have heard about the MetaTrader platform. MetaTrader 4 and MetaTrader 5 are the most widely used trading platforms on a global level. MetaTrader 5, or MT5, is the advanced successor of the classic MT4 trading platform. The developers of MT5 have done their best to ensure that each and every trader transitioning to the MT5 platform gets a better and superior trading experience. But they also have retained the simplicity and user-friendliness of the former version which made the MetaTrader suite a popular choice among traders in the first place. With this article, you will get a complete beginner’s guide to MT5 trading as we will draw a one-on-one comparison between MT4 and MT5, download and use MT5, discuss advantages and downsides, and how to add indicators and trade on MT5.

How to Start Trading with MetaTrader 5 (MT5)?

The first step to start trading with MT5 is opening an MT5 account. For first-time users, practising with a demo account before getting into actual trading is better. You can choose to make an account on MT5 directly without a broker for demo trading, but a broker is a must when you move forward with live trading. So, you should opt for a broker of your choice even for demo trading, as it will be good to test the trading conditions beforehand. You just have to find a suitable broker who offers MT5 for trading and will be able to download MetaTrader 5 version integrated with the broker platform. You can request the broker’s login credentials and easily log in to your MetaTrader 5 demo account.

Once you download and log in to the platform, you can see the intuitive interface loaded with all essential trading tools, which can be easily accessed with the main menu bar. You will see tabs like file, view, insert, charts, options, and help. You are free to customise and personalise your trading environment to your preference. Take your time and experiment with all tools until you get used to the advanced trading terminal. You can also see a built-in toolbar right below the main menu, where you will find duplicate commands and functions for the main menu, which can also be customised as and when needed. You can easily change the chart types, time frames and more for your convenience. Find More