MetaTrader 5 provides an array of opportunities for a pool of actions in the financial markets, such as trading analysis (both fundamental and technical), testing of trading strategies, the development, automated trading, customize technical indicators, and scripts.
The platform is powerful with multiple trading instruments. Moreover, you have the freedom to enjoy the platform from both smartphone and tablets.
The versatility was designed to equip the user with a complete set of tools so that traders can trade in any financial market with ease.
In this article, we will give you an ultimate guideline so that you can achieve outstanding trading performance from this platform. Whether you have novice or advance traders, it is the all in one platform for trading forex to binary options.
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What is MetaTrader 5
MetaTrader 5 isn’t just only a trading platform. It is a complete and highly preferred platform that allows traders to trade the financial market around the world.
Moreover, it has a highly accessible interface, rich functionality, a straightforward, and intuitive logic of trade. The platform MetaTrader was released in 2010. It is both an updated and upgraded version of MetaTrader 4.
We will discuss the differences between the two platforms, later in this article. If you want to have access to a broader range of trading opportunities, charts, indicators, technical analysis of quotes, etc. then MetaTrader 5 is the best choice for you.
Hundreds of brokers and financial platforms use this high-tech trading platform. Besides, it supports major financial news providers which is an important advantage for traders. So, binary trading is now simpler than other platforms.
Why MetaTrader 5 Is The Market Leader
The platform is widely accepted by many traders only for its benefits and features. It is the best choice for modern traders and also for advanced traders. You can purchase a trading order without jumping into other sites for market analysis because you will find all the fundamental tools under one roof.
Here are some leading features of MT5 that make this platform convenient for traders.
- Powerful trading platform
- Can access from any device
- Trader’s capital and data will be secured
- User-friendly platform
- Powerful analytical tools
- Wide time-frames
- Expert advisor or auto trading facility
- A wide range of trading instruments
MetaTrader 5 Tutorial: How To Use MT5 Platform
The MT5 platform is easy to use and supports reliable brokers with multiple trading assets. MetaTrader 5 platform offers a demo account. So, you will get a chance to make a short tour before dealing with real money.
In one platform, you will see all the key elements that are related to the trading world. At the first time, you have to download the software in your device. Open an account with a valid e-mail and password.
From the menu bar, you will find all the information that will help you to create a chart using trading indicators and analysis tools. You can also create a customized trading environment.
Moreover, a trader can open multiple trading dashboards to analyze more than one trading assets.
From the left side on the dashboard, you will see a market watch with all real-time data of selected trading assets.
Furthermore, from the toolbox section, you will see the trading history with open, close, and pending orders.
The overall MetaTrader 5 platform has multi-functional windows with all useful categories such as trading alerts, market news, internal mailbox, expert journals, auto trading, and much more.
To place an order using this platform, you have to follow 3 simple steps.
- Open the market watch section
- Select the asset and open a new order
- Decide the type of order that you want to execute – instant, pending, or market order