The How to Guide for MT5 Platform

How to Setup MetaTrader 5 Stock Platform Step by Step Tutorial

This MT5 stocks trading platform step by step guide will explain how to tutorials for MetaTrader 5 platform.

How to Setup MT5

To setup MT5 software - download MetaTrader 5 exe setup file, Click setup and follow MetaTrader 5 setup instructions.

How to Log in to MT5 Platform

To trade with the MT5 Stock Platform you will need to first of all enter stock account details - The MT5 platform will prompt you to enter you stock account details and you as a trader can use enter your stock account login details by clicking the File tab in MT5 platform at the tops left corner of MetaTrader 5 stocks platform, then select the Sign in to Trade Account option and then enter your stocks trading account details - stock practice account details for MetaTrader 5 stock demo account & stock live account details for MT5 real stock trading account.

How to Open a Stock Instrument in MetaTrader 5 Software

To open a Stocks instrument go the MT5 Market Watch Window select the stock instrument that you want to open and double click on the stock instrument to open the stocks chart for this stock instrument.

You can also click the click to add button at the bottom of the MetaTrader 5 Market Watch Window to add a stock instrument that is not listed on the Market Watch Widow.

How to Open a Stocks Trade in MT5 Platform

To open a stock trade in MT5 platform right click within the stock chart & choose the New Order Widow to open a buy or sell stock trade.

A trader can also open the New Order window on the MT5 platform by clicking the MT5 shortcut key - F9, stock traders can press F9 to open the New Order window.

From the MT5 New Order window panel a trader can open a buy or a sell stock trade by clicking the Buy by Market to open a buy stock trade or clicking the Sell by Market to open a sell stock trade. From this stock new order trade window a trader can also specify the stock lot size which they want to buy or sell.

How to Open a Buy Trade in MetaTrader 5 Software

To open a buy stock trade sect the New Order window on the MetaTrader 5 Platform by pressing F9, specify the stock lot size that you want to trade, click the Buy by Market Button to open a buy stock trade in MT5 Platform.

How to Open a Sell Trade in MetaTrader 5 Software

To open a sell stock trade sect the New Order window in the MT5 Platform by pressing F9, specify the stock lot size that you want to trade, click the Sell by Market Button to open a sell stock trade in MetaTrader 5 Platform.

How to Close a Stocks Trade in MT5 Software

Open MetaTrader 5 Terminal Window where open stock trades are displayed on the MT5 Platform by pressing MT5 shortcut Keys CTRL+T, then choose the stock trade you want to close, then select Close Order option - and this then opens a stock Order window to close the stock trade - click the yellow Close button to close the stock trade in MetaTrader 5 platform.

How to Set Take Profit on MetaTrader 5 Software

Take Profit Level can be set when opening a new stock trade in MT5 platform. On the New Order window provided on the MetaTrader 5 platform there is a field for Take Profit - this is where a trader will specify the take profit level for their open stock trade.

Take Profit Level can also be set when modifying an already open stock trade, to modify & set take profit for an open stock trade - right click on the trade that you want to modify on MetaTrader 5 Terminal Window or on the Stock chart, Select Modify Order, Select Take Profit and set the Take Profit Level that you want for your open stock trade.

How to Set Stop Loss on MT5 Software

Stop-Loss Level can be set when opening a new stock trade in MetaTrader 5 platform. On the New Order window provided on the MetaTrader 5 platform there is a field for Stop Loss - this is where a trader will specify the stoploss level for their open stock trade.

Stop-Loss Level can also be set when modifying an already open stock trade, to modify & set a stop loss for an open stock trade - right-click on stock trade that you want to modify on the MT5 Terminal Window or on the Stocks chart, Select Modify Order, Select Stop Loss and set the Stop Loss Level that you want for your open stock trade.

How to Place a Stock Pending Order in MT5 Software

To place a stock pending order open the New Order Window on the MT5 platform, then change the stock order Type from Market Execution to Pending Order.

Stocks traders can then select the stock pending order which they want to set, the pending orders are buy limit, buy stop, sell limit, sell stop.

The How to Guide for MT5 Platform