Secrets of MetaTrader 5 That Will Help You in Trading

MetaTrader 5 (MT5) is a premier currency trading tool for traders around the world. This platform was released back in 2010 to replace the previous MT4. The creators improved many features in the new version, which allows traders to work comfortably and analyze the markets thoroughly.

MetaTrader 5 gives access to real-time price charts, free-market data and analysis, the best trading widgets, and more. Let’s see how to deal with the MT5 download for PC and mobile operating systems and reveal trading secrets the platform hides.

How to Download MetaTrader 5?

MetaTrader 5 is very easy to download! Even beginners will have to spend only a little time learning the basic features of the platform.

1. Open the MetaTrader 5 download page.

2. Fill out the login form.

3. Download will start automatically.

You only need to choose a device to install the program (a computer or mobile device) and select Windows, Apple iOS, Android, or Mac depending on its operating system.

The trading platform is the most important working tool for any trader. Thanks to it, even a novice market participant can immediately start working in the financial markets without any third-party aid. MT5 brings together everything you need for online trading: price analysis, auto trading, and functionality for mobile devices.

In addition, a trader can work not only with Forex instruments but also trade options, futures, and stocks on a stock exchange.

Secrets of MetaTrader 5

MetaTrader 5 is an improved and more modern version of MetaTrader 4, which is the most popular software among traders. It is known for its user-friendly interface, advanced functionality, and versatility. The update fixes all the most common bugs of the previous versions and improves many tools.

MetaTrader 5 has a number of unique advantages for a Forex broker:

• It comes with a simpler interface.
• The brief history of automatic orders is directly visible on the index chart.
• Data from the history is compressed.
• Market history is conveniently displayed as a list.
• An economic calendar is integrated into the platform.
• The functionality of the strategy tester is expanded.
• Depth of market delivers information about orders for the purchase and sale of a particular financial instrument at the best prices.
• The limit of the number of characters entered is expanded. For comparison, it was possible to enter no more than 1024 in MT4, but there is no character limit for MT5.
• The number of pending orders is changed from 4 to 6.
• New execution types —”partial” and “reverse”— appeared in addition to the original “all or nothing”.

Also, the developers have adapted the software to operate with stocks and bonds in stock markets. This program has more advanced functionality compared to the previous version. MT4, in its turn, outperforms MT5 only in the number of additional tools, such as advisors, indicators, and signal providers. In general, EA traders tend to opt for MT4, while those who prefer manual and discretionary trading switch to MT5.