The How to Course for MT5 Software

How to Setup MT5 Forex Software Lesson Guide

This MT5 platform step by step tutorial will explain how to tutorials for MT5 platform.

How to Setup MetaTrader 5

To setup MT5 software - download MT5 exe setup file, Click setup and follow MetaTrader 5 setup instructions.

How to Log in to MT5

To trade with MT5 Forex Software you will need to first of all enter account details - the MT5 platform will prompt you to enter you account details and you as a trader can use enter your account log in credentials by clicking the File tab on MT5 platform at the tops left corner of MetaTrader 5 platform, then choose the Login to Trade Account option and then enter your account details - Practice account details for Meta Trader 5 practice account & forex live account details for Meta Trader 5 live account.

How to Open a Instrument on MT5

To open a instrument go the MT5 Market Watch Window select the instrument that you want to open and double click the instrument to open the chart for this instrument.

You can also tap the click to add button at the bottom of the MetaTrader 5 Market Watch Window to add a instrument that isn't listed on the Market-Watch Widow.

How to Open a Trade on MT5

To open a trade on the MetaTrader 5 right click within the chart & choose the New Order Widow to open a buy or sell trade.

One can also open the New Order window on the MetaTrader 5 software by clicking the MetaTrader 5 short-cut key - F9, traders can press F9 to open New Order panel.

From MetaTrader 5 New Order window a trader can open a buy or a sell trade by clicking Buy by Market to open buy trade or clicking Sell by Market to open sell trade. From this new order trade panel a trader can also specify the lot size which they want to buy or sell.

How to Open a Buy Trade on MetaTrader 5

To open a buy trade select the New Order panel on MT5 Software by pressing F9, specify the lot size you want to trade, click Buy by Market Button to place a buy trade in MetaTrader 5 Software.

How to Open a Sell Trade on MetaTrader 5

To open a sell trade select the New Order panel in MT5 Software by pressing F9, specify the lot size you want to trade, click Sell by Market Button to open a sell trade in MetaTrader 5 Software.

How to Close a Trade on MT5

Open MetaTrader 5 Terminal Window where open trades are highlighted on the MetaTrader 5 Software by pressing MetaTrader 5 short-cut Keys CTRL+T, then select the trade you want to close, then choose Close Order option - and this then opens a Order window to close the trade - press yellow Close button to close the trade on the MetaTrader 5.

How to Set Take Profit in MT5

TP Zone can be placed when opening a new trade on the MetaTrader 5 platform. On the New Order window provided on the MT5 software there is a field for Take Profit - this is where a trader will specify the take profit level for their open trade.

TP Zone can also be set when adjusting an already open trade, to modify & set take profit for an open trade - right click the trade that you want to modify on the MetaTrader 5 Terminal Window or on the chart, Choose Modify Order, Choose TakeProfit and set the TakeProfit Level you want for your open trade.

How to Set Stop Loss in MT5

StopLoss Level can be set when opening a new trade on the MetaTrader 5 platform. On the New Order window provided on the MT5 software there is a field for Stop Loss - this is where a trader will specify the stoploss level for their open trade.

Stop Loss Zone can also be placed when adjusting an already open trade, to modify & set a stop loss for an open trade - right click the trade that you want to modify on the MetaTrader 5 Terminal Window or on the chart, Choose Modify Order, Choose Stop Loss and set the Stop Loss Level that you want for your open trade.