Metatrader Download 5: How to Install and Use the Best Trading Platform for Forex and Stocks
If you are looking for a powerful, user-friendly, and versatile trading platform that can help you trade Forex, stocks, futures, and other financial instruments, you should consider downloading Metatrader 5. In this article, we will show you how to download and install Metatrader 5 on your device, and how to use its features and functions to enhance your trading experience.
What is Metatrader 5 and Why You Should Use It
Metatrader 5 is a multi-asset trading platform that allows you to trade Forex, stocks, futures, options, and more. It was developed by MetaQuotes Software Corp in 2010 as an upgrade from the popular Metatrader 4 platform. Metatrader 5 offers many advantages over its predecessor, such as:
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Metatrader 5 Features and Benefits
A full set of trading orders for flexible trading, including market, pending, stop, and trailing stop orders.
Two position accounting systems: netting for exchange trading and hedging for Forex trading.
An unlimited number of charts with 21 timeframes and one-minute history of quotes.
Over 80 built-in technical indicators and analytical tools for technical analysis.
A fundamental analysis tool based on financial news and economic calendar.
A large store of ready-to-use trading applications at MetaTrader Market, where you can buy or rent trading robots, indicators, scripts, and other tools.
A powerful algorithmic trading feature with the built-in MQL5 development environment, where you can create your own trading robots or expert advisors.
A trading signals service that allows you to subscribe to signals from successful traders and copy their deals automatically.
A virtual hosting service that allows you to rent a virtual server and run your trading robots or signals 24/7 with the best execution.
A system of alerts and notifications that keep you informed of all important market events.
A built-in chat and social network that connects you with other traders from the MQL5.community.
Metatrader 5 vs Metatrader 4: Which One is Better and Why
While both platforms are excellent choices for trading, there are some key differences between them that you should be aware of. Here are some of the main ones:
Metatrader 5 supports more markets than Metatrader 4, including stocks, futures, options, bonds, and cryptocurrencies.
Metatrader 5 has more technical indicators, graphical objects, timeframes, chart types, order types, execution modes, depth of market, and economic calendar than Metatrader 4.
Metatrader 5 has a faster and more advanced strategy tester than Metatrader 4, which allows you to backtest your trading robots on multiple currencies and real ticks.
Metatrader 5 has a more modern and user-friendly interface than Metatrader 4, with a comfortable night theme option.
Metatrader 5 works on MQL5 language, which is more powerful and flexible than MQL4 language, which is more compatible with C++ and Python.
Metatrader 5 has more security features than Metatrader 4, such as data encryption and two-factor authentication.
As you can see, Metatrader 5 is a more advanced and comprehensive platform than Metatrader 4, and it can offer you more opportunities and benefits for your trading. However, if you are already familiar and comfortable with Metatrader 4, you can still use it as long as your broker supports it. The choice is ultimately yours, but we recommend you to try Metatrader 5 and see for yourself how it can improve your trading performance.
How to Download and Install Metatrader 5 on Your Device
Now that you know what Metatrader 5 is and why you should use it, let's see how you can download and install it on your device. There are three ways to do that: downloading Metatrader 5 for Windows, Mac, or Linux; downloading Metatrader 5 for Android or iOS; or using Metatrader 5 web platform without downloading anything. Let's go over each of them in detail.
Downloading Metatrader 5 for Windows, Mac, or Linux
If you want to download Metatrader 5 for your desktop or laptop computer, you can do so by following these steps:
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Go to the official website of Metatrader 5 at .
Select the version of the platform that matches your operating system: Windows, Mac, or Linux.
Click on the "Download" button and save the file on your computer.
Run the file and follow the instructions of the installation wizard.
Launch the platform and log in with your account credentials or create a new account if you don't have one.
Congratulations, you have successfully downloaded and installed Metatrader 5 on your computer. You can now start trading with it.
Downloading Metatrader 5 for Android or iOS
If you want to download Metatrader 5 for your smartphone or tablet, you can do so by following these steps:
Go to the official website of Metatrader 5 at .
Select the version of the platform that matches your device: Android or iOS.
You will be redirected to the Google Play Store or the App Store, where you can download the app for free.
Install the app on your device and launch it.
Log in with your account credentials or create a new account if you don't have one.
Congratulations, you have successfully downloaded and installed Metatrader 5 on your device. You can now trade with it anytime and anywhere.
Using Metatrader 5 Web Platform without Downloading Anything
If you don't want to download anything on your device, you can still use Metatrader 5 web platform, which allows you to trade directly from your browser. You can do so by following these steps:
Go to the official website of Metatrader 5 at .
Click on the "Launch Web Platform" button.
A new tab will open with the web platform interface. Log in with your account credentials or create a new account if you don't have one.
Congratulations, you have successfully accessed Metatrader 5 web platform. You can now trade with it without downloading anything.
How to Use Metatrader 5 for Trading Forex, Stocks, and Futures
Now that you have downloaded and installed Metatrader 5 on your device, or accessed it from your browser, let's see how you can use it for trading Forex, stocks, futures, and other instruments. There are four main aspects that you need to know: how to open a demo or real account with a broker; how to place and manage trades with Metatrader 5; how to use technical and fundamental analysis tools with Metatrader 5; and how to use automated trading and copy trading features with Metatrader 5. Let's go over each of them in detail.
How to Open a Demo or Real Account with a Broker
The first thing that you need to do to do before you can start trading with Metatrader 5 is to open an account with a broker that supports the platform. You can choose between a demo account or a real account, depending on your level of experience and risk appetite.
A demo account is a virtual account that allows you to trade with fake money and practice your skills without risking any real money. A demo account is ideal for beginners who want to learn how to use the platform and test their strategies before investing real money. A demo account is also useful for experienced traders who want to try new instruments, indicators, or robots without affecting their real account.
A real account is a live account that allows you to trade with real money and make profits or losses depending on your performance. A real account is suitable for traders who are confident in their skills and ready to take on the risks and rewards of the market. A real account requires you to deposit some funds with your broker and verify your identity and address.
To open a demo or real account with a broker, you can follow these steps:
Go to the "File" menu on the top left corner of the Metatrader 5 platform and select "Open an Account".
A new window will pop up with a list of brokers that support Metatrader 5. You can choose one of them or search for another one by typing its name in the search box.
Once you have selected a broker, click on the "Next" button.
You will be asked to choose between a demo account or a real account. Select the one that suits your needs and click on the "Next" button.
You will be asked to fill in some personal details, such as your name, email, phone number, country, and password. Fill them in and click on the "Next" button.
You will be asked to select the type of account, the currency, the leverage, and the initial deposit. Choose the options that suit your preferences and click on the "Next" button.
You will be given your account number, password, and server name. Write them down or save them somewhere safe. You will need them to log in to your account later.
Click on the "Finish" button. Your account is now ready to use.
Congratulations, you have successfully opened an account with a broker using Metatrader 5. You can now start trading with it.
How to Place and Manage Trades with Metatrader 5
The next thing that you need to know how to do is how to place and manage trades with Metatrader 5. There are several ways to do that, such as using the order window, the chart window, the market watch window, or the trade panel. Let's go over each of them in detail.
Using the Order Window
The order window is the simplest way to place and manage trades with Metatrader 5. You can access it by following these steps:
Go to the "Tools" menu on the top left corner of the platform and select "New Order". Alternatively, you can press F9 on your keyboard or right-click on any instrument in the market watch window and select "New Order".
A new window will pop up with the order parameters. You can choose the instrument, the type of order, the volume, the price, the stop loss, the take profit, and the comment. You can also see the spread, the margin, and the potential profit or loss of your order.
Once you have set up your order parameters, click on the "Sell" or "Buy" button depending on whether you want to go short or long on the instrument.
Your order will be executed and displayed in the trade panel at the bottom of the platform. You can see your open positions, pending orders, balance, equity, margin, free margin, margin level, and profit or loss.
To modify or close your order, you can right-click on it in the trade panel and select "Modify or Delete Order" or "Close Order". You can also double-click on it and drag the stop loss or take profit levels on the chart.
That's how you can use the order window to place and manage trades with Metatrader 5. It's a simple and convenient way to trade, but it's not the only one.
Using the Chart Window
The chart window is another way to place and manage trades with Metatrader 5. You can access it by following these steps:
Go to the "File" menu on the top left corner of the platform and select "New Chart". Alternatively, you can press Ctrl+N on your keyboard or click on the "New Chart" button on the toolbar.
A new window will pop up with a list of instruments that you can choose from. Select the one that you want to trade and click on the "OK" button.
A new chart will appear on the platform with the price movements of the instrument. You can customize the chart by changing the timeframe, the chart type, the colors, the indicators, and other settings.
To place an order from the chart, you can right-click on it and select "Trading" and then "New Order". Alternatively, you can press Alt+T on your keyboard or click on the "One Click Trading" button on the toolbar.
A small panel will appear on the top left corner of the chart with two buttons: "Sell" and "Buy". You can also see the current bid and ask prices, the spread, and the volume. To place an order, simply click on the "Sell" or "Buy" button depending on whether you want to go short or long on the instrument.
Your order will be executed and displayed in the trade panel at the bottom of the platform. You can see your open positions, pending orders, balance, equity, margin, free margin, margin level, and profit or loss.
To modify or close your order from the chart, you can right-click on it and select "Modify or Delete Order" or "Close Order". Alternatively, you can double-click on it and drag the stop loss or take profit levels on the chart.
That's how you can use the chart window to place and manage trades with Metatrader 5. It's a more visual and interactive way to trade, but it's not the only one.
Using the Market Watch Window
The market watch window is another way to place and manage trades with Metatrader 5. You can access it by following these steps:
Go to the "View" menu on the top left corner of the platform and select "Market Watch". Alternatively, you can press Ctrl+M on your keyboard or click on the "Market Watch" button on the toolbar.
A new window will appear on the left side of the platform with a list of instruments that you can trade. You can see the current bid and ask prices, the spread, the high and low prices, and the time of the last quote.
To place an order from the market watch window, you can right-click on any instrument and select "New Order". Alternatively, you can press F9 on your keyboard or double-click on any instrument.
A new window will pop up with the order parameters. You can choose the instrument, the type of order, the volume, the price, the stop loss, the take profit, and the comment. You can also see the spread, the margin, and the potential profit or loss of your order.
Once you have set up your order parameters, click on the "Sell" or "Buy" button depending on whether you want to go short or long on the instrument.
Your order will be executed and displayed in the trade panel at the bottom of the platform. You can see your open positions, pending orders, balance, equity, margin, free margin, margin level, and profit or loss.
To modify or close your order from the market watch window, you can right-click on it in the trade panel and select "Modify or Delete Order" or "Close Order". Alternatively, you can double-click on it and drag the stop loss or take profit levels on the chart.
That's how you can use the market watch window to place and manage trades with Metatrader 5. It's a quick and easy way to trade, but it's not the only one.
Using the Trade Panel
The trade panel is another way to place and manage trades with Metatrader 5. You can access it by following these steps:
Go to the "View" menu on the top left corner of the platform and select "Toolbars". Alternatively, you can right-click on any toolbar and select "Customize Toolbars".
A new window will pop up with a list of toolbars that you can add or remove from the platform. Select the "Trade" toolbar and click on the "OK" button.
A new toolbar will appear on the top of the platform with four buttons: "New Order", "Modify Order", "Close Order", and "Close All".
To place an order from the trade panel, you can click on the "New Order" button. Alternatively, you can press F9 on your keyboard or right-click on any instrument in the market watch window and select "New Order".
A new window will pop up with the order parameters. You can choose the instrument, the type of order, the volume, the price, the stop loss, the take profit, and the comment. You can also see the spread, the margin, and the potential profit or loss of your order.
Once you have set up your order parameters, click on the "Sell" or "Buy" button depending on whether you want to go short or long on the instrument.
Your order will be executed and displayed in the trade panel at the bottom of the platform. You can see your open positions, pending orders, balance, equity, margin, free margin, margin level, and profit or loss.
To modify or close your order from the trade panel, you can click on the "Modify Order" or "Close Order" button. Alternatively, you can right-click on it in the trade panel and select "Modify or Delete Order" or "Close Order". You can also double-click on it and drag the stop loss or take profit levels on the chart.
That's how you can use the trade panel to place and manage trades with Metatrader 5. It's a handy and accessible way to trade, but it's not the only one.
How to Use Technical and Fundamental Analysis Tools with Metatrader 5
The third thing that you need to know how to do is how to use technical and fundamental analysis tools with Metatrader 5. These tools can help you analyze the market trends, patterns, indicators, news, and events that affect the prices of the instruments that you trade. There are two main types of analysis tools that you can use with Metatrader 5: technical analysis tools and fundamental analysis tools. Let's go over each of them in detail.
How to Use Technical Analysis Tools with Metatrader 5
Technical analysis tools are tools that help you analyze the price movements of the instruments that you trade based on historical data, mathematical calculations, and graphical representations. Technical analysis tools can help you identify support and resistance levels, trend lines, channels, breakouts, reversals, retracements, divergences, oscillators, moving averages, indicators, and other patterns that can indicate potential trading opportunities. Metatrader 5 offers a wide range of technical analysis tools that you can use for your trading. Here are some of them:
The chart window: As we mentioned before, the chart window allows you to see the price movements of any instrument in different timeframes and chart types. You can also customize your chart by adding various graphical objects such as lines, shapes, arrows, text labels , and Fibonacci tools. You can also add various technical indicators such as trend, volume, oscillators, and custom indicators. You can access these tools from the "Insert" menu on the top left corner of the platform or from the toolbar.
The indicator window: The indicator window allows you to see the values of the technical indicators that you have added to your chart. You can also customize your indicators by changing their parameters, colors, styles, and levels. You can access these settings by right-clicking on the indicator window and selecting "Indicators List".
The strategy tester: The strategy tester allows you to test and optimize your trading robots or expert advisors based on historical data and various criteria. You can also visualize the results of your testing on the chart and see how your robot performed in different market conditions. You can access the strategy tester by going to the "View" menu on the top left corner of the platform and selecting "Strategy Tester". Alternatively, you can press Ctrl+R on your keyboard or click on the "Strategy Tester" button on the toolbar.
That's how you can use technical analysis tools with Metatrader 5. They can help you improve your trading skills and strategies, but they are not a guarantee of success. You should always use them with caution and common sense, and combine them with other types of analysis tools, such as fundamental analysis tools.
How to Use Fundamental Analysis Tools with Metatrader 5
Fundamental analysis tools are tools that help you analyze the economic, political, social, and environmental factors that affect the prices of the instruments that you trade. Fundamental analysis tools can help you understand the supply and demand forces, the market sentiment, the news events, and the macroeconomic indicators that can influence the market trends and volatility. Metatrader 5 offers a few fundamental analysis tools that you can use for your trading. Here are some of them:
The news window: The news window allows you to see the latest financial news from various sources that can affect the market movements. You can also filter the news by categories, such as Forex, stocks, commodities, or cryptocurrencies. You can access the news window by going to the "View" menu on the top left corner of the platform and selecting "News". Alternatively, you can press Ctrl+T on your keyboard or click on the "News" button on the toolbar.
The economic calendar window: The economic calendar window allows you to see the upcoming economic events and indicators that can have an impact on the market movements. You can also see the previous, forecasted, and actual values of the indicators, as well as their importance and relevance for different instruments. You can access the economic calendar window by going to the "View" menu on the top left corner of the platform and selecting "Calendar". Alternatively, you can press Ctrl+U on your keyboard or click on the "Calendar" button on the toolbar.
The trading signals window: The trading signals window allows you to see the trading signals from other traders that you can subscribe to and copy their deals automatically. You can also see their performance, statistics, reviews, and ratings. You can access the trading signals window by going to the "View" menu on the top left corner of the platform and selecting "Signals". Alternatively, you can press Ctrl+L on your keyboard or click on the "Signals" button on the toolbar.
That's how you can use fundamental analysis tools with Metatrader 5. They can help you gain a deeper insight into the market dynamics and opportunities, but they are not a substitute for your own research and analysis. You should always use them with critical thinking and independent judgment, and combine them with other types of analysis tools, such as technical analysis tools.
Conclusion and FAQs
In conclusion, Metatrader 5 is a powerful, user-friendly, and versatile trading platform that can help you trade Forex, stocks, futures, and other instruments. It offers many features and benefits that can enhance your trading experience, such as a full set of trading orders, two position accounting systems, an unlimited number of charts, over 80 technical indicators, a fundamental analysis tool, a large store of trading applications, a powerful algorithmic trading feature, a trading signals service, a virtual hosting service, a system of alerts and notifications, a built-in chat and social network, and more. It also offers various ways to download and install it on your device or access it from your browser. It also offers various ways to place and manage trades with it using different windows and panels. It also offers various ways to analyze the market with it using technical and fundamental analysis tools.
Metatrader 5 is a more advanced and comprehensive platform than Metatrader 4, and it can offer you more opportunities and benefits for your trading. However, if you are already familiar and comfortable with Metatrader 4, you can still use it as long as your broker supports it. The choice is ultimately yours, but we recommend you to try Metatrader 5 and see for yourself how it can improve your trading performance.
We hope that this article has helped you understand how to download and use Metatrader 5 for your trading. If you have any questions or doubts about Metatrader 5, here are some FAQs that might answer them:
FAQs
Q: How much does Metatrader 5 cost?
A: Metatrader 5 is free to download and use for traders. However, some brokers may charge commissions or fees for using their services or platforms. You should check with your broker before opening an account with them.
Q: How do I update Metatrader 5?
A: Metatrader 5 updates automatically whenever there is a new version available. You don't need to do anything to update it. However, if you want to check for updates manually, you can go to the "Help" menu on the top left corner of the platform and select "Check for Updates".
Q: How do I uninstall Metatrader 5?
A: To uninstall Metatrader 5 from your device, you can follow these steps:
Go to the "Start" menu on your computer and select "Control Panel".
Select "Programs" and then "Programs and Features".
Find Metatrader 5 in the list of programs and right-click on it.
Select "Uninstall" and follow the instructions of the uninstall wizard.
Q: How do I contact Metatrader 5 support?
A: To contact Metatrader 5 support, you can go to the official website of Metatrader 5 at . There you can find various ways to get in touch with them, such as email, phone, chat , or forum. You can also find a lot of useful information and tutorials on their website.
Q: How do I learn more about Metatrader 5?
A: To learn more about Metatrader 5, you can go to the official website of Metatrader 5 at . There you can find a lot of resources and guides on how to use the platform, such as articles, videos, webinars, books, and courses. You can also join the MQL5.community, where you can interact with other traders and developers, share your ideas and experiences, and get help and feedback.
That's all for this article. We hope that you have enjoyed reading it and learned something new. If you have any feedback or suggestions, please let us know in the comments below. Thank you for your attention and happy trading! 44f88ac181
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