Forex Tips
By Trader
2017-03-05 14:56:22
Video Tutorials
Browse our step-by-step instructional videos and learn how to use the MT5 trading platform
How to install MetaTrader 5
- Download the software
- Install onto your computer
- Login to your MT5 trading platform
- Create an MT5 practice account
Manage open trades in the MT5 terminal
- Display the terminal
- Understand the information contained within the trade tab
- Close an open position from within the trade tab
- Modify or delete a stop-loss and take profit from the trade tab
- Access the account history tab
- Generate a report on your trading to monitor your progress
Basic functions of MT5
- An overview of the short-cut keys
- How to open a chart
- Selecting different windows
- Opening the new order window
- The expert advisor tab
- How to change chart type
- How to zoom in and out on charts
- Using auto scroll and chart shift
- Selecting different chart time-frames
MetaTrader 5 Navigator
- How to open the navigator
- Finding your Account name and number
- Trading with multiple MT5 accounts
- Installing default indicators onto charts
- Installing Expert Advisors on to charts
- Installing custom indicators
Place a trade in MetaTrader
- Selecting a currency pair to trade
- Selecting how much to trade
- Selecting order type
- Executing long and short trades
- Setting a stop loss
- Setting a take profit
- Closing a position
Types of orders in MetaTrader
- Market Orders
- Buy Limit Orders
- Sell Limit Orders
- Buy Stop Order
- Sell Stop Order
How to use Market Watch
The Market Watch lists all currency pairs and instruments available to trade on MT5.
- Display the Market Watch
- Read the information on the Market Watch
- View additional symbols
- Load a chart from the Market Watch
Loading charts to MetaTrader
MetaTrader contains highly configurable Forex pricing charts.
- Add or remove the grid
- Select different chart types including bar, line, or candle
- Change the appearance of the charts
- Create a chart template
- Load a chart template
- Move between charts
- View multiple charts in different ways