Learn to trade on one of the most widely used platforms, MT5. In addition to accessing markets and live prices, learn how to use technical indicators and Expert Advisors (EAs) to maximize the platform's potential.
Introduction to MT5 - Find out what MetaTrader 5 can do for you
If you’re new to trading, MetaTrader 5 (MT5) may seem rather technical but don’t let that put you off. The platform is very flexible and suitable for first-time traders.
One of the many advantages of this platform is that you can adjust it to your level of experience. That means, as you’re becoming more familiar with the markets, you can start using more of its features. The platform will never be too technical or not sophisticated enough – it is what you make of it.
Trade financial markets and automate your trading
MT5 is a platform widely used to trade financial markets. It allows you to access the financial markets, see live prices, use technical indicators and place your trades. You can automate your trading on MT5 with Expert Advisors (EAs), which is software you can programme or buy to execute trades when certain parameters are met.
Know your MT5
No matter what your trading experience is, you should make sure you feel comfortable with the platforms and the features you’re using. It’s hard enough to keep track of what’s happening in the markets and how that relates to your strategy without having to worry about not getting the most out of your platform.
We can give you a complete trading experience on MT5
We give you a choice of instruments, so that you can build a diverse portfolio.
Use a range of features
MT5 presents users with a multitude of tools to help you trade. Perhaps MT5's greatest functional attribute is that it can execute Expert Advisor (EA) strategies for you. EAs allow you to automate your trading. However, before you get to this point you should tackle the basics.
Learn how to place trades
The main functionality of any trading platform is to place trades, so learning the mechanics of doing this should be the first step. At the same time it’s a good idea to learn how to set your stop and limit orders. No matter what your trading strategy is, risk management is so important and cannot be ignored.
You can soon move on to the next stage
Charting functionality should be next on your list of priorities when you learn how to use MT5. Charting is a tool most traders use to make their trading decisions.
Once you have covered off all of the basic functionalities in these areas you will be ready to place trades.
Making informed decisions is an important part of becoming a successful trader. Once you have opened a MetaTrader 5 (MT5) account, we would like to take you through the basics of how to start trading so you feel confident in choosing what instruments to trade as well as placing trades.
Step 1
Highlighting opportunities
Knowing what and when to trade is the biggest decision traders have to make. There are so many trading strategies out there that sometimes it can cloud your judgement. Many obstacles can get in your way, so it’s important that you don’t over complicate what can already be a complex subject.
Sometimes the world of trading can confuse you with jargon. There are numerous instruments to trade that it may become difficult to decide on which one you should trade at any given time. However, there are a couple of things to remember:
Step 2
Placing a trade
Placing a trade often gets overlooked as just something you have to do, but very few people take time to learn exactly what the best way to do it is exactly.
When you place your trade, there are a few things you should think about, rather than just jump straight in:
Step 3
Risk management
Risk management is the single most important part of trading. No matter where you go or what you read on trading, there will always be a section on risk management. Using the tools in place such as ‘stop loss’ and ‘take profit’ orders can be the difference between your trading account lasting for five years or five hours.
There is no escaping it – when you trade, you will lose money at one point in your trading journey. Using a ‘stop loss’ is the way you make sure that losing a trade does not end up wiping you out.
Bear in mind:
Charts are the most popular tool for traders to make decisions about when to open or close a trade. Follow chart patterns and signals to spot trading opportunities and manage risk effectively. The MetaTrader 5 (MT5) platform has an in-built charting package that helps traders make informed decisions.
Charts can help you make informed market predictions
General charting strategies and technical analysis rest on the assumption that indicators that were important in the past will become important again in the future.
There are three more assumptions that charting/technical analysis rests on:
In a way you trade on market sentiment
All factors combined should be reflected in the price level found in the markets. Prices represent the total sum of hopes, fears and expectations of all market participants. Of course, the only way to view the price in this manner is to view it through the charts.
Remember, charting doesn't always guarantee success and you should consider these points:
We execute all of your trades with market execution.
What is market execution?
A market execution order is one that's executed at best possible price on the Exchange. There are no requotes, last look rejections or slippage – executing at the price you select.
Can I place stop loss and take profit orders?
With market execution you are unable to add stop loss and take profit orders when placing a trade, because the entry price which you see on the screen could change prior to the position being opened. Stop loss and take profit levels can be set once your trade is open.
The Benefits with market execution?
The main benefit of market execution is that you can trade without rejections or slippages. This is because your order is executed immediately, at the best available price in the market. So your order will be filled at the price you want.
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