MetaTrader 5 is a popular trading platform for forex, commodities, indices, stocks, and other instruments. It is also the advanced successor of the popular MetaTrader 4 which is the most preferred trading platform among global traders. The updated version named MT5 promises to provide a superior trading experience to their users with the modern capabilities offered. If you are planning to trade on this technology-driven platform, you need to download and install it on your system/ device. In this article, we will guide you on how to download MT5 app in 5 simple steps and also tell you the process of MT5 trading.
Step 1: Download MetaTrader 5
To download MetaTrader 5, you can simply visit the official website of MetaQuotes, the company that develops the platform. On the website, you will find the download link for MetaTrader 5. Click on the link, and the download process will start automatically. But before that, make sure you have a system that is compatible for MT5 download and a stable internet connection.
Step 2: Run the Installer
Once the download is complete, you need to run the installer to start the installation process. To do this, go to your folder where MT5 platform related files are kept, and double-click on the MetaTrader 5 setup file. This will open the installer window.
Step 3: Agree to the Licence Agreement
In the installer window, you will see the licence agreement for MetaTrader 5. Read the agreement carefully and if you agree to the terms, click on the “I Agree” button. This will enable you to proceed with the installation process.
Step 4: Select the Installation Folder
In this step, you need to choose the folder where you want to install MetaTrader 5. You can choose the default location or select a different folder. Once you have selected the folder, click on the “Next” button to continue.
Step 5: Complete the Installation
After selecting the installation folder, you need to click on the “Install” button to start the installation process. The process will take a few minutes to complete. Once the installation is complete, click on the “Finish” button to close the installer window.
With that you have successfully completed the process of MetaTrader 5 download. It offers a wide range of features and tools that can help traders to make informed decisions and manage their trades effectively. Here are some steps on how to place trades on MT5:
- Log in to your MT5 account: To place trades on MT5, you need to log in to your account first. If you haven’t created an account yet, you can do so by signing up with a broker that offers MT5.
- Choose your trading instrument: MT5 offers access to a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies. Choose the instrument that you want to trade and add it to your Market Watch window.
- Analyse the market: Before placing a trade, it’s important to analyse the market and identify potential trading opportunities. You can use MT5’s built-in technical analysis tools, such as charts, indicators, and oscillators, to help you make informed decisions.
- Place your trade: Once you have identified a trading opportunity, you can place your trade by selecting the instrument you want to trade and clicking on the ‘New Order’ button. This will open the order window, where you can specify the trade parameters, such as the trade size, stop loss, take profit, and order type (buy or sell).
- Monitor your trade: After you have placed your trade, you can monitor it in the ‘Trade’ tab of the Terminal window. Here, you can see the status of your trade, including the entry price, stop loss, take profit, and profit or loss.
- Manage your trade: MT5 offers a range of tools to help you manage your trades effectively. For example, you can modify your trade parameters, such as the stop loss and take profit, at any time by right-clicking on the trade in the ‘Trade’ tab and selecting ‘Modify or Delete Order’.
So, these were the steps for trading on the MT5 platform. Hope you can follow these steps to easily download MT5 and kickstart your trading journey with a solid trading plan.
