How to Trade Forex in MetaTrader 5 - MT5 Software
MetaTrader 5 software is the software you install on your PC computer. For this learn forex trading tutorial we shall refer to MT5 or MetaTrader 5, because it is the easiest forex platform software to learn with & most widely used.
MetaTrader 5 also requires very little inter net band width, that way even if you do not have a super fast inter net connection you can use MT5 without any problem. You will need to signup and sign up first with a broker before you can download MT5 platform.
How to Trade Forex on MT5 Software - MT5 Forex Platform
How to Trade Forex Trading in MetaTrader 5 Platform - Learn to Trade Online Forex Market with MT5 Software
- Demo Account - How to Trade Forex on MetaTrader 5
MT5 demo trading account is a free practice account provided for beginner traders online forex traders, otherwise known as a practice account that you practice with, the cash on demo account is virtual, not real money. No one uses real money to begin with, all novice traders use the practice account to practice with before investing and depositing real money. The MT5 forex demo account is meant to provide free Forex training practice while learning how to trade the online forex market.
You'll need to signup & register with an online forex trading broker before you can get this free practice account. After you sign up you'll then get login details for your MetaTrader 5 practice account. You'll then use these forex account sign in credentials to login to your forex MT5 demo account & begin practicing with.
Setting Up MT5 Platform - How to Trade Forex on MetaTrader 5
After you have gotten the MT5 forex account details you will then install the MetaTrader 5 software on your PC computer. If you have never installed any software before go to folder where you downloaded the forex MT5 platform (don't know where that is, just Press both Ctrl & J i.e. CTRL+J or (CTRL+Y) Keys on your keyboard, and your MT5 download will appear), double-click the download software platform file & then click next, next until you finish.
After you have installed MT5 software you will then open the program from the start menu of your computer. After you have opened the MT5 software you will see the interface you will be working with which might seem complicated at first but it's not. The MT5 software tutorials will be covered under the learn tutorial lessons section where you will get an explanation of how to use this MT5 platform in just one hours time.
At the 'top left corner' of the MT5 software click on the 'File' Menu, a drop down menu appears, scroll to where you see 'Login' and click it. You will then be asked to enter the 'username' and 'password' that you got when you registered on your broker's web site.' You are now logged into your forex MT5 platform & you are ready to begin forex trading.
After this you will see your forex account balance displayed just below forex charts & you as a trader can use now begin using the MT5 to place practice trades on the Forex trading market.
