The How to Guide for MT5 Software Platform

How to Setup MetaTrader 5 Forex Software Lesson Guide Tutorial

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

How to Setup MetaTrader 5

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

How to Log in to MT5

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

How to Open a Instrument in the MT5

To open a instrument go the MT5 Market Watch Window select the instrument which 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 Panel Window to add a instrument which isn't listed on the Market-Watch Widow.

How to Open a Trade on MT5 Platform

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

One can also open the New Order window on the MT5 software by clicking the MetaTrader 5 short-cut key - "F9", traders can press "F9" to open the New Order panel.

From MT5 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 window a fx trader also can specify the lot size that they want to buy or sell.

How to Open a Buy Trade in the MT5

To open a buy trade select the New Order window on MT5 Software Platform by pressing F9, specify the lot size you as the trader want to trade, click Buy by Market Button to place and open a buy trade in MT5 Software.

How to Open a Sell Trade on MT5 Platform Software

To open a sell trade select the New Order window in MT5 Platform Software by pressing F9, specify the lot size you as a trader want to trade, click Sell by Market Button to open a sell trade in MT5 Software.

How to Close a Trade in the MT5 Software

Open MetaTrader 5 Terminal Window where open trades are highlighted on the MetaTrader 5 Software Platform by pressing MT5 short-cut Keys CTRL+T, then select the trade you want to close, then select Close Order option - and this then opens a Order window to close the trade transaction - press yellow Close button to close the trade transaction on the MT5.

How to Add Take Profit in MT5 Platform Software

TP Zone can be placed when opening a new trade on the MetaTrader 5 software. On the New Order window provided on the MT5 software there is a field for TakeProfit - this is where a forex 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 Take-Profit Level you want for your open trade position.

How to Add StopLoss in MT5 Platform

StopLoss Level can be set when opening a new trade on the MT5 software. On the New Order window provided on the MT5 software there is a field for StopLoss - this is where a forex trader will specify the stop loss order 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 MT5 Terminal Window or on the chart, Choose Modify Order, Choose Stop Loss and set the StopLoss Level that you want for your open trade position.

How Do I Set and Place a Pending Order in MetaTrader 5 Platform Software

To place and set a pending order open the New Order Window/Panel on the MT5 software, then change the trade order from Market Execution Order to Pending Order.

Forex traders then can select the pending order that they want to set, these pending orders are buy limit, buy stop, sell limit, sell stop.

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