Download MetaTrader 5, New Trading Platform

By | June 9, 2022

Download MetaTrader 5- in starting trading you must determine the best platform that can support your business,

Well below we will present a review and how to use MT5 or metatrader 5 as one of the best and reliable forex trading platforms that you can use.

MetaTrader 5

MetaTrader 5 is a multi asset base continuation of MetaTrader 4 which serves to conduct business transactions or practice with investment demonstration accounts trading forex, stocks, and other financial instruments.

This Application makes it easier for users as traders to learn technical and essential analysis. The other features are sold, namely trading automatically using robots and trading signals. This Program can be installed via PC, netbook, or mobile phone to make it easier for users to trade anywhere and anytime.

metaTrader 5

Here is a guide to using MetaTrader 5 as a demonstration account via an Android phone :

Install MetaTrader 5 by searching the playstore. Automatically you have a demonstration account to do forex trading practice. A demonstration Account is an account that only uses virtual money that plays a role for training.

Next, determine the mark that you want to use to analyze the candlestick chart technically. You can decide to underestimate the most signs to make the appearance of candlestick charts simpler, such as Bollinger Bands, Moving Averages, MACD, and others.

Read Also : The Best and Trusted online Forex Broker In The World

The “Quote” Menu is a list of currency pairs (major pair / minor pair) and is at the ask (right) and bid (left) prices. Ask price as the price of your base currency and its value is always higher than the bid price. And the bid price is the price to be obtained when selling the base currency. Then specify one currency pair and and click “New order”

Then set what you want to sell (sell) or buy (buy) by pressing the “SELL” or “BUY” button and the order will open immediately

After the open order, there will automatically be a Trade tab that shows the price movement so that you can watch the open status at any time.

To close or modify a trade press and hold on the open trade until there is an option. Then specify “close Status” or “change Status”

After you press the close button, therefore the trade will be closed and the nominal profit will be added to the account.

In addition, to watch the candlestick chart, choose the “Chart” option to watch technical price movements. There are listed time frames starting M1, M5, M15,H1,H4, D1, W1, MN.

On the chart tab, you can also open a trade by pressing the Trade button.

In some other menus in the MetaTrader 5 program to better understand the steps of analyzing forex trading technically.

There is little inequality when you have used a real account that has been registered with a futures brokerage company and use the margin that you have deposited.

Here is a guide to forex trading with a real account using MetaTrader 5 :

  • After you register with the destination broker, install MetaTrader 5 on the Playstore.
  • Open the program, then there are 3 options : “open an actual account” , “open an individual demonstration account”, and “log in to an existing account”. Select “Sign in to an existing account”
  • Next write the name of the destination brokerage company in the box” looking for a broker ” to enter the server.
  • Enter the account and password in the “login” box, each user opens a new account therefore the broker server will provide an email containing the account number and password.
  • After successful login, you can start trading.

The “Quote” Menu is a list of currency pairs (major pair / minor pair) and is at the ask (right) and bid (left) prices. Ask price as the price of your base currency and its value is always higher than the bid price. And the bid price is the price to be obtained when selling the base currency.

Next, determine the currency pair you want to trade, then specify a “New Order”.

Put the lot in the top box(-0,1 ; -0,001 ; 0,01; +0,1 ; etc..).

Then set what you want to sell (sell) or buy (buy) by pressing the “SELL” or “BUY” button and the order will open immediately.

After the open order, there will automatically be a Trade tab that shows the price movement so that you can watch the open status at any time.

To close or modify a trade press and hold on the open trade until there is an option, then specify “close Status”or” change Status”.

After you press the close button, the trade will therefore be closed and the profit will be added to your balance.

In addition, to watch the candlestick chart, choose the “Chart” option to watch technical price movements.

On the chart tab, you can also open a trade by pressing the Trade button.

Go through other menus and happy trading anywhere and anytime.

The MetaTrader 5 Program is considered a program that is easy for forex traders to use. Besides the other advantages of this program is that it has more and more time frames up to 21 time frames, there is a forex calendar that can be used for essential analytics every day, more and more sign options to help analyze technically.

When you want to do business transactions in real, the user must register at a secure futures broker and be recorded at BAPPEBTI.