How Do I Use MT5 Platform Software?
Introduction to MetaTrader 5
MT5 is the trading platform you install on your PC Desktop computer. For this learn forex tutorial we shall refer to MT5 or MetaTrader 5, because it's the easiest platform software to learn with & most widely used.
MT5 also requires very little internet band width, that way even if you don't have a super fast internet connection you can use MT5 without any problem. You'll need to signup and signup first with a broker before you can download MT5 platform.
How Do I Trade Forex on MetaTrader 5 Software - MT5 Software
How Do I Trade Forex on MetaTrader 5 Platform - Learn to Trade Online Forex Market with MT5 Software
- Demo Account - How to Trade Forex in MetaTrader 5
MetaTrader 5 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 money. The MT5 demo account is meant to provide free Forex training practice while studying how to trade the online trading market.
You will need to signup and register with an online broker before you can get the free demo practice trading account. After you sign up you'll then get log in details for your MT5 practice trading account. You'll then use these account login credentials to login to your forex MT5 Demo account and begin practicing with.
How Do I Trade Forex in MetaTrader 5 Software
After you have gotten the MT5 account details you will then install the MT5 software on your PC computer. If you have never installed any software before go to folder where you 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 software platform file & 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 MT5 software you'll see the interface you'll be working with which might seem complicated at first but it's not. The MT5 tutorials will be covered under the learn tutorial 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 MT5 software 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 and you are ready to start forex trading.
After this you'll see your account balance displayed just below charts & you as a fx trader can use now begin using the MT5 to place practice trades on the Forex market.
Study More Topics & Tutorials:
- List of Technical Gold Indicators for Gold
- Stock Index Trade Strategies for Trading UKX100 Stock Indices
- How to Calculate Leverage Using 1:100 & 1:400 Example
- How Can I Add Nasdaq in MetaTrader 5 App?
- How to Calculate Pip Profit in for 100 Pips for 1 Mini Lot
- What is USDCAD Pip Value?
- Displaying Trade Instruments in MetaTrader 4 Trading
- How Can I Trade MetaTrader 5 Downwards Gold Channel on MetaTrader 5 Software?
- How to Add Moving Average Envelope Indicator on Chart
- How Can I Add Gold to MetaTrader 4 Platform?
