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