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How to Use Exness MetaTrader 5 Terminal?
MetaTrader 5 (MT5) is an advanced trading platform widely used by traders around the world for executing trades in various financial instruments, including forex, stocks, and commodities. Exness, as a leading forex broker, offers MT5 as one of its core trading platforms. This guide will walk you through how to use Exness MetaTrader 5 terminal effectively, from setting up your account to executing trades and managing your trading activity. MT5 provides a range of powerful features, such as advanced charting tools, automated trading, and trading signals, that are helpful for beginner traders as well as experienced traders.
Exness, a regulated forex broker, operates under Exness UK Ltd, registered with the Companies House in England and Wales and authorized by several financial entities, including the Financial Conduct Authority (FCA). Exness offers services to retail clients and individual investors through the Exness trading platform, which provides access to diverse trading instruments and complex instruments such as CFDs, stocks, and cryptocurrencies. By leveraging automated trading and utilizing advanced trading strategies, traders can enhance their trading efficiency and take advantage of market opportunities with seamless execution.
It’s important to remember the general risk warning when using Exness MT5, as high-risk instruments such as leverage and CFDs can result in rapid losses of invested capital. Exness operates in full compliance with applicable law and offers services under its license number Exness. The platform provides tools such as trading signals, raw spread accounts, and advanced charting tools to assist traders in making informed decisions while managing their risk. Traders should always proceed with caution, especially when engaging in high-frequency trading strategies or trading complex instruments.
What is MetaTrader 5 (MT5) and Why Use It?
MetaTrader 5 (MT5) is a sophisticated trading platform designed for trading a wide range of financial instruments, including forex, stocks, commodities, and indices. Developed by MetaQuotes, MT5 is an upgrade from the popular MetaTrader 4 (MT4), offering enhanced tools and features. With Exness, you can access MT5 to trade more than just forex, making it a versatile platform for all types of investors. It’s also authorized and regulated by several financial entities, such as the Financial Conduct Authority (FCA) and Cyprus Securities, ensuring a safe and compliant trading environment.
Why Choose Exness MetaTrader 5 Terminal?
1. Wide Range of Instruments: Exness MT5 provides access to diverse trading instruments, including forex pairs, commodities, stocks, and even cryptocurrencies.
2. Advanced Charting Tools: MT5 offers advanced charting capabilities, allowing traders to analyze market trends more effectively.
3. Trading Strategies: You can implement various trading strategies, from manual to automated trading using trading signals and Expert Advisors (EAs).
4. Efficient Trade Execution: MT5 supports seamless trade execution, helping traders manage their positions efficiently, especially in volatile markets.
How to Download and Install Exness MetaTrader 5
Before you can start using MT5 with Exness, you need to download and install the platform on your device. Here’s how to do it:
Step 1: Download MetaTrader 5
Visit the Exness website or go directly to your app store (for mobile) or the official MetaTrader website.
Click the download link for MetaTrader 5 (MT5) for your platform—Windows, Android, or iOS. For Windows: Download the installer and run it to begin the installation process. For Android/iOS: Search for “MetaTrader 5” in your respective app store and install the app.
Step 2: Install the Platform
Once the download is complete, follow the on-screen instructions to install MT5.
Open the MT5 platform once installed and log in using your Exness account credentials.
You can create a new Exness account by visiting the Exness website or using your existing account.
Step 3: Setting Up Your Exness Account on MT5
Open the MT5 terminal and go to File > Login to Trade Account.
Enter your Exness account number, password, and choose the server. For retail clients, Exness offers several account types, such as Standard Cent Account and Raw Spread Account. For Standard Cent Accounts, the minimum deposit is low, making it suitable for novice traders. Raw Spread Accounts are for more experienced traders who want lower spreads and faster execution.
Navigating Exness MetaTrader 5 Terminal
Once you have MT5 set up, it’s time to explore its features. Here’s an overview of key sections of the MT5 terminal.
Market Watch Window. The Market Watch window shows all available trading instruments, including forex pairs, stocks, and commodities. From this window, you can select the instruments you wish to trade. Add New Instruments: Right-click the Market Watch window and choose Symbols to add new instruments to the list.
Charts and Analysis Tool. One of the most powerful features of MT5 is its charting tools. The platform supports advanced charting options for all types of analysis. Timeframes: You can customize the chart timeframes (M1, M5, M15, M30, H1, H4, D1, etc.). Indicators: MT5 comes with over 30 built-in technical indicators, helping you perform technical analysis.
Order Window. The order window allows you to place, modify, and manage your trades directly. You can place orders such as market orders, pending orders, and set stop loss and take profit levels. Market Order: Used to open trades at the current market price. Pending Order: Allows you to place a trade that will be executed once the price hits a predefined level. To minimize the risk of losing money rapidly, always use stop-loss orders in conjunction with your trades.
Navigator Panel. The Navigator panel shows your accounts, indicators, Expert Advisors (EAs), and scripts. You can use this panel to manage your Exness account settings and apply automated trading strategies.
Trade Tab. The Trade tab shows your open positions, their profit/loss status, and the balance of your trading account. It also allows you to modify or close orders.
Terminal Window. The Terminal window is a powerful tool where you can monitor your trading activity, including your transaction history, account balance, and margin levels. It’s essential for managing your account and monitoring all aspects of your trades.
Using Exness MT5 for Automated Trading
MT5 offers automated trading features that allow traders to set up Expert Advisors (EAs) and use trading signals to execute trades on their behalf.
1. Expert Advisors (EAs)
Expert Advisors are automated trading systems that can analyze market trends, execute trades, and manage positions based on pre-programmed rules. MT5 supports a wide range of EAs, and Exness users can apply these systems directly to their accounts.
2. Trading Signals
Trading signals are alerts that provide potential market opportunities based on specific criteria. Exness offers its users access to free signals via the MT5 platform, helping both novice and experienced traders stay informed about market movements.
3. Algorithmic Trading
For advanced traders, MT5 also supports algorithmic trading. This feature allows you to design your own automated trading strategies using the platform’s built-in programming language, MQL5.
How to Place a Trade in MetaTrader 5
Placing a trade on Exness MetaTrader 5 is simple. Here’s how to do it:
Step 1: Open the Order Window
Select the trading instrument from the Market Watch window.
Right-click and choose New Order or click the Buy or Sell buttons directly on the chart.
Step 2: Set the Parameters
Enter the lot size (volume) and set your stop loss and take profit levels.
You can also choose to place a pending order if you want to execute the trade at a later time when the price reaches your desired level.
Step 3: Execute the Order
Once all parameters are set, click Buy or Sell to open the trade.
The trade will appear in your Trade Tab where you can monitor its performance.
Start Trading: Open Exness Account or Visit Website
Managing Risk in MT5
While MT5 offers many advanced trading tools, it’s important to manage risk effectively. Here are some tips:
1. Use Stop-Loss Orders
Always set a stop-loss to limit potential losses in case the market moves against your trade.
2. Understand Leverage
Leverage can amplify both profits and losses. Use it carefully to avoid risking more than you can afford to lose.
3. Diversify Your Trading Instruments
Don’t rely on just one market or trading instrument. Exness offers diverse trading instruments, including forex, stocks, and commodities, which allows you to spread risk.
4. Use Trading Signals and Analysis
Incorporating technical analysis and trading signals into your strategy can help you make more informed decisions and reduce risk.
Tips for Beginners to Start Trading on Exness MetaTrader 5
1. Start with a Demo Account
If you’re a beginner, try starting with a demo account. Exness provides an opportunity to trade without the risk of losing real money, allowing you to familiarize yourself with the platform and the MetaTrader 5 interface. This will help you learn how to use the platform and test different strategies.
2. Use Trading Signals
For beginners, it’s important to understand how to use trading signals. Exness offers free signals that can help you identify the best moments to enter or exit the market. This is a useful tool for beginners, allowing you to make informed trading decisions.
3. Education and Support
Exness offers educational materials and customer support, which is very helpful for beginners. Learning the basics of technical analysis, understanding market trends, and using the MetaTrader 5 platform to implement this knowledge will help you become a more confident trader.
Start Trading: Open Exness Account or Visit Website
Advantages of MetaTrader 5 Compared to MetaTrader 4
MetaTrader 5 (MT5) offers enhanced capabilities compared to MetaTrader 4, providing retail clients and individual investors with more timeframes, complex indicators, and features designed for automated trading. This trading platform, operated under Exness UK Ltd and regulated by several financial entities including the Financial Conduct Authority (FCA), allows traders to execute trades not only in currencies but also in stocks, indices, and cryptocurrencies, offering a diverse range of trading instruments. Additionally, MT5 boasts advanced graphical analysis tools, enabling more accurate market analysis using trend indicators, support and resistance levels, and customizable charting options. The platform supports trading strategies with greater flexibility, allowing traders to open more orders and work with a wider array of financial instruments, making it particularly suitable for experienced traders and those seeking seamless trading across various complex instruments. However, it is important to note the general risk warning that trading such instruments involves a high risk of losing money rapidly, particularly when using high leverage or engaging in automated trading.
Conclusion
MetaTrader 5 on the Exness platform is a powerful tool for traders seeking a reliable environment for trading across various markets. Its ease of use, numerous technical analysis tools, automated trading capabilities, and support make it an excellent choice for both novice and experienced traders.
Frequently Asked Questions (FAQ)
What is the minimum deposit to open an Exness account on MT5?
The minimum deposit depends on the type of account you choose. For a Standard Cent Account, the deposit can be as low as $1. For a Raw Spread Account, the minimum deposit is higher.
Can I use Exness MT5 on my mobile?
Yes, Exness offers the Exness mobile app which supports MetaTrader 5 for both Android and iOS. This allows you to trade on the go, just like on the desktop version.
Is Exness regulated?
Yes, Exness UK Ltd is regulated by the Financial Conduct Authority (FCA) and offers services to retail clients in various countries.
What types of instruments can I trade on Exness MT5?
Exness MT5 supports a wide range of instruments, including forex pairs, stocks, commodities, indices, and cryptocurrencies.
Can I use automated trading on Exness MT5?
Yes, you can use automated trading on the Exness MetaTrader 5 platform. MT5 supports Expert Advisors (EAs) and automated trading strategies that can execute trades without human involvement based on programmed parameters. This allows you to automate strategies and focus on other aspects of trading.
