How Do I Use MT5 Platform Software?
Introduction to MetaTrader 5
MT5 software is the trading platform you install on your Desktop computer. For this learn tutorial we shall refer to MT5 or MT5, because it's the easiest platform to learn with and the most widely used.
MetaTrader 5 also requires very little internet band-width, that way even if you do not have a super fast internet connectivity you can use MetaTrader 5 without any problem. You will need to register first with a broker before you can download MT5 software.
How Do You Trade XAUUSD in MT5 Software - MT5 Platform Software
How Do I Trade Gold on MT5 Platform - Learn to Trade Online Market with MT5 Platform Software
- Demo Account How to Trade XAUUSD on MT5
MT5 demo account is a free practice account provided for beginners online traders, otherwise known as a practice trade account which you practice trading with, the cash is virtual, not real money. No one uses real money to begin with, all beginners use the practice demo trade account to practice trading with before investing & depositing real money to trade with. The MetaTrader 5 demo trading account is meant to provide free training practice while studying how to trade the online trading market.
You'll need to register with an online broker before you can get the free demo practice trading account. After you signup & register you will then receive log in details for your MT5 practice trading account. You'll then use these account sign in authorization credentials to login to your MT5 Practice account and start practicing with.
How Do I Trade XAUUSD on MT5 Platform
After you have gotten the MT5 account details you will then install the MT5 software on your PC computer. If you have never setup any software before go to folder where you downloaded the MT5 platform (don't know where that's, just Press both Ctrl and J i.e. CTRL+J or (CTRL+Y) Keys on your keyboard, and your MetaTrader 5 download will then appear), double-click the download platform software file and then click next, next until you finish.
After you have installed MT5 software you'll then open the trading platform from the begin menu of your computer PC. After you have opened the MetaTrader 5 platform you'll see the trading interface you'll be working with and it may seem complex at first but it is not. The MetaTrader 5 platform guides will be explained under the learn tutorials section where you will get a detailed explanation of how to use this MT5 in just one hours time.
At the 'top left corner' of the MT5 software click the 'File' Menu, a drop-down menu appears, scroll to where you see 'Sign in ' & click it. You will then be asked to enter the 'username' and 'password' that you got when you registered on your broker's website.' You're now signed in to your MT5 platform & you are ready to start trading.
After this you'll see your account balance portrayed just below the charts & you as a xauusd trader can use now begin using the MT5 to place practice trades on the market.
Study More Tutorials & Topics:
- How Do You Trade Downward Gold Trend Reversal XAU USD Signal?
- Gold MA Strategy Gold Indicator Technical Analysis
- How to Draw Downwards Gold Trend-line on MT4 Platform
- Drawing Upwards Channel in MT4 Trading Charts Described
- How to Back Test Automated Gold EA Bots
- How to Draw Downwards Gold Trend-line on MT4 Platform
- Opening a Deleted Gold Chart in MT4 Platform
