How to Install MT4/MT5 Software
1 Introduction
The Meta Trader 4 also called as the MT4 is the best trading platform. It is considered to be the world’s best trading platform. Only forex brokers have the license and if you want to trade using it, you will have to sign up with a Forex Brokerage firm. The platform is very user friendly, fast and secure. Using the MT4 you can trade a wide range of currencies, commodities and crypto currencies. It provides a trader the comfort of trading from a mobile and practicing trade using a DEMO account. The MT4 platform is also available in different languages making it comfortable for all those interested in trading.
Meta Trader 5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems (trading robots) and copy trading. Meta Trader 5 is an all-in-one platform for trading Forex, Stocks and Futures.
2 Operation System
The Meta Trader 4/Meta Trader 5 can be running on Windows, Linux
3 Recommendations to Trade FX on MT4/MT5
- Dual Core Processor with Speed of 2GHz or Higher (Quad Core ideal)
- Monitor Screen Resolution set at 1280×1024 or Higher
- Windows XP or Better
- 1GB of RAM for or Higher (ideally, a trader on a multi-monitor system should try to have 2GB of RAM per monitor)
- Internet Connection of DSL/Cable Modem or Better (serious, full-time traders should also have a redundant internet connection just in case their internet goes down – for example, a cable modem service as a primary connection and DSL as a backup
4 The Advantages of MT4
- User Experience: Extremely user-friendly interface, enabling new and experienced traders to trade this complex and volatile market with ease and comfort.
- Language: Users around the globe can benefit from the MT4 platform and all its data, in their own native language. A very wide range of languages are available.
- Charts: In addition to the MT4's advanced and user friendly trading features, the platform also offers advanced charting capabilities.
- Expert Advisors: This is a very popular and important feature in the MT4 feature portfolio. Expert Advisors enable traders to automate their trades with a customized EA that best fits their needs.
5 The Advantages of MT5
- Multimarket Platform: Meta Trader 5 is a multimarket platform, which means that you can trade both in centralised and non-centralised markets.
- Real Volume Data: MT5 enables traders to gain access to real volume-traded data, and not only tick volume data.
- Tick History Download: In MT5, you can download and consult tick history from your broker.
6 The difference between MT4 and MT5
Both provide pioneering automated trading systems with expert advisors. However, they each serve a very different function and, contrary to popular belief, MT5 is not an upgrade of MT4. MT4 was specifically built for forex traders, whereas MT5 was designed to provide traders with access to CFDs, stocks and futures.
7 Installation
Now we will install MT5 as a example.
7.1 Download MT4/MT5 installation files from https://www.metatrader4.com/en/download
7.2 Click "Next" and "Finish" to process the installation
8 Basic functions of MT4/MT5
- An overview of the short-cut keys
- How to open a chart
- Selecting different windows
- Opening the new order window
- The expert advisor tab
- How to change chart type
- How to zoom in and out on charts
- Using auto scroll and chart shift
- Selecting different chart time-frames
9 How to use MT4/MT5
Please refer to the links which will show you how to use MT4/MT5 at
https://www.axi.group/ae-en/trading-platforms/learn-how-to-use-mt4
https://www.metatrader5.com/en/terminal/help/startworking
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Article ID: 602, Created: September 8, 2020 at 3:52 AM, Modified: July 30 at 5:49 AM