MetaTrader 5 : The Ultimate Multi-Asset Trading Platform

MetaTrader 5 or MT5 is a multi-asset trading platform created by MetaQuotes that allows traders and investors to trade forex, stocks, futures, and cryptocurrencies. It is the next version of its predecessor MetaTrader 4, a popular online trading platform for traders with all sorts and levels of experience.

However, the MT5 is fully designed to accommodate more asset classes, including cryptocurrencies, and to enhance the trading experience for beginners and professional investors. The platform lets you trade several markets flexibly without any slippages, price rejections, and re-quotes from anywhere. You only need a stable internet connection.

How to trade with MetaTrader 5?

It is easy to trade with MT5 and its advanced charting tools. Here are a few steps -

  • Use the MetaTrader 5 platform on your mobile device or computer through the NAGA platform. 
  • Create a trading account on the NAGA online brokerage that offers MT5. 
  • Log into the trading account through the MetaTrader 5 trading platform. 
  • Fund the trading account with the amount of money that you want. 
  • Choose the specific asset that you are planning to trade and open the chart. 
  • Use the indicators and charting tools available in MetaTrader 5 to analyze the market and price movements. 
  • Place a trade by choosing the lot size, and order type and stop loss & take profit levels. 
  • Manage your positions and monitor your trade’s progress using several features offered by the MetaTrader 5 platform on NAGA. 
  • You can close your trade after achieving the desired profit or when the market goes in another direction. 
  • Withdraw your profits from the trading account to your e-wallet or bank account.

What are the benefits of MT5?

  1. Multi-Asset trading platform – Investors can access financial assets such as options, stocks, forex, and futures in a user-friendly interface. 
  2. Customizable interface- MT5 allows traders to customize their platforms according to their preferences and trading styles. They have options to set different layouts, chart types, and colors. 
  3. Advanced charting tools – You can access advanced charting tools on MT5 including more than 80 indicators, graphical objects, and 21 timeframes. These can be used to identify trends, perform technical analysis and make the best trade decisions for successful trading. 
  4. Mobile trading – The MT5 mobile trading allows traders to access their trading account on the go and from anywhere they want and it is available in both iOS and Android versions. 
  5.  Automated Trading – Use Expert Advisors (EAs) to perform automated trading and develop the platform’s programming language MQL5 to execute trades automatically based on pre-defined conditions and rules. 
  6. Security – The MetaTrader 5 platform has robust security features, end-to-end data encryption, and two-factor authentication to ensure the protection of financial security at all times. 
  7. Trade signals – The trade signals service in MT5 allows traders to copy and follow trades from successful traders. Beginners can take advantage of these trade signals and diversify their trading strategies and portfolios.

What are the different order types in MetaTrader 5?

There are mainly two order types:

  • Market order- When you execute a market order, you either buy or sell a financial asset at the current market price. The trade is executed immediately and you can get the best available price. 
  • Pending Order – When you execute a pending order, you sell the financial asset at a specific future price. The four types of pending orders are –
    • Buy Limit – If you want to buy the asset at a lower price than the current market price, you place a buy limit order. This order is placed when the trader thinks the price will fall before it rises again. 
    • Sell Limit – a sell limit order is placed to sell an asset at a higher price than current market prices. That is because the trader thinks the price will rise before it falls. 
    • Buy Stop – To execute a buy-stop order, you should buy the asset at a higher price than the current market price. It is used when a trader thinks the price can continue to rise. 
    • Sell Stop – The sell stop order is placed when the trader wants to sell the asset at a lower price than the current market price. 
    • Stop Loss order – The stop loss order is placed to sell the asset when the price is at a certain level. This can help the trader limit their losses when the market moves against them.
    • Take profit order – The take profit order is executed when you want to sell the asset with the price at a certain level and lock the profits of the trader’s position.

Final word

The MT5 mobile trading app is perfect for all traders who want to explore several tools and features to perform successful trading. The NAGA MetaTrader 5 platform is ideal for beginners to trade as they can explore many features and functionalities.

NAGA offers several account types, mobile trading, excellent customer service, and complete trading educational materials which you can use to start trading instantly. Trade with NAGA and take advantage of the MT5 platform now.

Disclaimer : This information is not considered investment advice or an investment recommendation but is instead a marketing communication.

Location: Cyprus

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