What is Exness MT5?
Exness MT5 is a comprehensive platform that caters to a variety of trading needs. Beyond Forex, it allows trading in options, futures, and stock markets. It is equipped with features that traders value: real-time price feeds, up-to-the-minute news, tons of indicators, and auto-trading capabilities. Central to its design is the MQL5 programming language, which allows traders to create their own Expert Advisors (EA). Think of EAs as trading auto-pilots that work around the clock without constant input from the user.
A unique feature of Exness MetaTrader 5 is the wide range of order types it accepts. Users can quickly place buy or sell orders, set up orders for future actions, and more. The platform seamlessly supports various trade completion methods, and its set of indicators and analytical tools is comprehensive, helping traders make informed decisions. Furthermore, for those who are passionate about automation, it provides a solid way to design and implement trading strategies.
Exness MetaTrader 5 also provides additional ways to analyze the financial markets, including more timeframes, more indicators, and more tools. It has a built-in economic calendar that contains all the major economic events that can affect the financial markets. You can also use the social trading features to follow other successful traders and copy their trades.
Download Exness MT5: Steps for Different Devices
Downloading Exness MT5 is a straightforward process regardless of the device you are using. Here are the steps for different devices:
MT5 for PC
- Visit the official website of Exness.
- Go to the “Platforms” section and select “MetaTrader 5.”
- Click on “Download MT5 for PC.” It should start downloading.
- After it downloads, locate the installation file in your Downloads folder.
- Double-click the installation file to start setting it up.
- A window will appear. Click “Next” to continue.
- Take a moment to read and agree to the license terms, then click “Next.”
- Choose where to install it or leave it as is, then click “Next.”
- Choose a name for the program group in the Start menu, then click “Next.”
- Review your options and click “Next” to begin the installation.
- Wait for it to finish, then click “Done.”
- You can now open MT5 from your desktop or Start menu.
MT5 for PC gives you all the tools you need for advanced trading, including technical analysis and automated trading.
MT5 for Android
- Open the Google Play Store on your Android device.
- Tap the search bar above and type “Exness MT5.”
- From the search results, tap Exness MT5 app.
- Tap “Install” to download and install the app.
- Once it’s installed, tap “Open” to start it.
- Log in with your Exness account or create one if you don’t have one.
Exness MT5 on Android lets you trade from anywhere on your phone or tablet and provides market data, charts, and trading tools.
MT5 for iOS
- Open the App Store on your iOS device.
- Tap the search icon below and search for “Exness MT5.”
- From the search results, tap Exness MT5 app.
- Tap “Get” to download and install the app.
- After it is installed, tap “Open” to launch it.
- Log in with your Exness account or create a new one if necessary.
The iOS version of Exness MT5 offers a variety of order types, account tracking, trade history, and easy trading from your iPhone or iPad.
MT5 for MAC
- Visit the official website of Exness.
- Head to the “Platforms” section and select “MetaTrader 5.”
- Click on “Download MT5 for Mac.” It will start downloading.
- Once it’s downloaded, locate the installation file in your Downloads folder.
- Double click the installation file to start the setup.
- A setup window will appear. Click “Continue” to continue.
- Read the license agreement, accept it, and then click “Continue.”
- Choose where to install MT5 or leave it as is, then click “Continue.”
- Check your preferences and click “Install” to start the setup process.
- Wait for the installation to finish, then click “Close.”
- You can now open MT5 from your Applications folder.
MetaTrader 5 for MAC allows you to trade comfortably on your Apple computer, offering all the features you need for efficient trading.
Getting Started with Exness MT5
Getting started with Exness MetaTrader 5 involves several key steps: creating an Exness account, logging into MT5, adding funds to your account, and making your first trade. Here’s a detailed guide on how to do each:
Exness Account Creation
Creating an Exness account is the first step towards trading on Exness MT5. This process involves providing some basic personal information and agreeing to the platform’s terms and conditions.
- Visit the official website of Exness.
- Press the “Register” button, usually found at the top right of the page.
- You will need to enter basic details like your name, email address, and contact number.
- Set a strong password for your account.
- Review and agree to the terms, then press “Register”.
- You will receive a confirmation email. Click on the link in the email to verify your account.
Logging into MT5
Once you have created your Exness account, you will need to log into the MT5 platform. This is where you will conduct your trading activities.
- Open the MT5 platform on your device.
- Click on “File” in the menu bar, then select “Login to Trade Account”.
- Enter your Exness account credentials (the ones you set when you registered).
- Select the server provided by Exness (you will find this information in the email you received after registration).
- Click “Login”.
Adding Funds to Your Exness Account
After logging into MT5, you will need to add funds to your account. These funds are what you will use to trade on the platform.
- Log in to your Exness Personal Area.
- Navigate to the “Deposit” section.
- Select your preferred payment option from the available options.
- Enter the amount you wish to deposit and any other required information, then click “Confirm”.
- Follow the guidelines provided for your chosen payment option.
Making Your First Trade
- Open MT5 and log in if you haven’t already.
- In the “Market Watch” window, select the asset you want to trade.
- Right-click on it and select “New Order”.
- In the order window, set the order type, trade volume, and Stop Loss/Take Profit levels as needed.
- Click “Place Order”.
Remember, trading involves risk and it is important to understand these risks before starting trading operations.
Using Exness MT5
Exness MetaTrader 5 (MT5) is a revolutionary, multi-asset trading platform that provides powerful tools for comprehensive price analysis, use of algorithmic trading applications, and copy trading. This platform is designed to enhance your trading experience by providing more features and capabilities compared to its predecessor, Exness MetaTrader 4 (MT4).
Tools and Features
Exness MT5 is equipped with more than 80 technical analysis tools and advanced charting capabilities that will help you analyze the price dynamics of financial instruments. The platform offers 21 timeframes for charting, from one minute to one month, allowing you to fine-tune your analysis and identify market trends.
One of the main features of MT5 is the Market Depth function. This feature provides real-time information about market liquidity by displaying the volume of buy and sell orders at different price levels. This allows traders to see supply and demand at different prices and make informed decisions based on this data.
The platform also supports automated trading through Expert Advisors (EAs). EAs are programs that allow the automation of analytical and trading processes. They can open and close trades based on predefined parameters, making it easier for traders to implement their strategies.
Additionally, Exness provides a comprehensive news feed and economic calendar directly on the platform. These features help traders stay updated on important financial news and economic events that may affect their trading.
Trading Tips and Techniques
Trading on Exness MT5 requires a strategic approach. Here are some tips to help you maximize your trading experience:
- Use technical indicators: The platform offers a wide range of technical indicators such as Moving Averages, Bollinger Bands, MACD, RSI, and more. These indicators can help you identify trends and potential points for entering and exiting trades.
- Use Expert Advisors (EAs): EAs can automate your trading strategies. They can execute trades based on predefined parameters, eliminating the need for manual intervention.
- Practice risk management: Always set stop-loss and take-profit levels for your trades. This will help you manage your risk effectively.
- Stay updated on market news: Use the integrated news feed and economic calendar to stay updated on important financial news and economic events.
- Use demo accounts: Before starting live trading, practice your strategies on a demo account. This will help you understand the platform better without risking real money.
Finding Help and Support
Exness strongly supports its MT5 users. If you face issues or need guidance on specific functions, contact the Exness support team via live chat or email. They are available 24/7 to address any queries or challenges you face.
But there is more. Exness is more than just support. They offer learning tools such as webinars, how-to videos, articles, and walkthroughs to deepen users’ understanding of the platform and hone their trading skills. These materials range from trading basics to expert strategies.
Always remember, constant learning drives success in trading. Stay updated on market changes, adjust your trading tactics, and always ask for help when needed. Exness stares at you throughout your journey.
MT5 FAQs
How Do I Log In to MT5?
Logging into MT5 involves opening the MT5 platform, clicking on ‘File’ in the top menu, and then selecting ‘Login to Trade Account’. You will need to enter your trading account login credentials, which include the account number and password, as well as the server name.