What is Exness MT5? Why should you use this supporting software?

Exness MT5 is known as a great support software for modern investors and at the same time it will also provide a series of extremely high-quality features. MT5 Exness will bring deep impressions and bring great investment experiences to make transactions in the vibrant financial market. If you want to learn specifically about MT5 Exness as well as instructions for using MT5 Exness, please follow the content below.

What is the concept of Metatrader 5 software?

Metatrader 5 software, also known as MT5, is one of the software that allows investors to conduct transactions through online trading platforms such as Forex Trading and CFDs of other assets. In addition, investors participating here will also be able to easily receive and execute orders to buy or sell specific products or assets such as gold, stocks and currencies on the market.

The MT5 software is probably already a very familiar platform to many people. This trading platform was released in 2010 by MetaQuotes after utilizing MT4 for five years since 2005. The reason MT5 could not attract as many users as MT4 is that it was introduced later, with several interesting and attractive improvements and upgrades.

Today, the MT5 software is becoming increasingly popular and equipped with more features. However, the main reason behind this is that while the MetaTrader 4 software appeals to a wide range of customer segments, the MT5 trading platform is tailored specifically for professional traders. Additionally, investors accustomed to using MT4 are often reluctant to change their habits or take the time to learn and familiarize themselves with new platforms. Nonetheless, for those aiming for a more professional and advanced trading experience, Exness MT5 is the most suitable choice compared to MT4.

Detailed Instructions on How to Download MT5 Exness

It’s likely that many people are currently interested in how to quickly download and start using MT5 Exness, right? Below, Traderforex will guide you through the specific steps to download MT5 Exness quickly and easily.

Windows Operating System

To install MetaTrader 5 for Windows, you need to follow these steps:

First, double-click on the downloaded installation file. Please read the license agreement carefully. If you agree, check the box next to “Yes, I accept all terms of the license agreement” => Then click Next. Go to My Computer (This PC) and select the folder where you want to install the MT5 software. => If you want to use the suggested folder, click Next. Otherwise, click Browse, select a folder, and click Next.

In the next window that appears, select a group from the Program menu. Additionally, click Next. Finally, click the following options to proceed with the installation of the MetaTrader trading platform software. If you need to change anything, click Back. Now all you have to do is wait for the program to be installed on your computer.

Once the MetaTrader 5 software installation process is fully completed, you can click Start MetaTrader and then click Finish to open the software. This marks the successful installation of the Exness MT5 software on Windows.

macOS Operating System

If you are a macOS user instead of Windows, you can also log in to MT5 via the web terminal on our website using your account number, password, and server to quickly and securely access the MT5 platform through your browser. The MT5 software is now also available for installation on mobile applications, including iOS and Android operating systems.

LINUX

Download MT5 for Linux using the provided link => Open the Software Center. Search for Wine and install it => Download the MT5 software => Run the file to complete the software installation. Follow the on-screen instructions to set up. When you start the software, Wine will automatically open. And just like that, you can quickly download Exness MT5 on Linux.

Steps to Log in to a Forex Trading Account on Exness MT5

First, you need to register to use this software. To log in to your account with MT5, click on File and select Login to Trade Account to display the login dialog box. => Proceed to log in to your MT5 forex trading account => Enter your Account Number, Account Password, and Server Name (this information will be provided after you open a trading account) => Then click OK.

Outstanding Features of Exness MT5 Compared to MT4

The number of timeframes increases significantly, from 9 to 21. Exness MT5 offers a total of more than 80 technical indicators and various charting tools, whereas MT4 only has around 50. It provides up to 6 pending orders (including 2 new ones: buy stop limit and sell stop limit). The economic calendar is integrated directly into the MT5 software.

Market depth is displayed directly on price charts. The MQL5 programming language enables developers to freely create custom technical indicators, scripts, or EAs (Expert Advisors) to support the trading process. Finally, it allows trading traditional stocks (without needing CFDs).

Guide to Using Exness MT5 on a Computer

After successfully downloading Exness MT5 to your computer, a usage guide for MT5 Exness will be essential for you.

Market Watch Area

This is a crucial area that almost every investor needs to understand when accessing the information it provides.

Market Watch Data

• This section will simultaneously display all the products available for trading.
• The Symbol column is one of the icons of a forex pair or product with bid and ask prices.
  The bid is the selling price, and the ask is the buying price. Another thing to know is that not all products will be displayed when you first install the MT5 software on your computer. Instead, only certain products in this area are shown. Later, if you want to view your products with a reputable Forex broker pair, you need to right-click to bring up a dialog box and click “Show All.”

Show All Dialog Box

This dialog box will display a series of prompts, and users need to note some detailed information as follows:

• New Order: This command means placing a new order, which we will explain later.
• Depth of Market: Clicking this will show an interface with a chart representing the market depth of the currency pair.
• Specification: This is the condition for trading a product when using MT5. If you click on this field, all information, such as the minimum or maximum order size, contract size, etc., will be displayed. All details like contract size, minimum order size, maximum order volume, swap fees, and more for the trading product are displayed.
• Columns: The interface screen appears as shown below when you click on “Select columns.”

Columns Dialog Box

In this dialog box, you have the option to select parameters to display in the market watch area. It includes some important parameters such as spread, high/low, open/close, volume, etc. Such parameters are displayed to the right of the Bid Price column. Additionally, if you want to delete a column, right-click on the product, then select columns again and continue clicking to deselect individual parameters. The exclamation mark (!) will be used to indicate the spread in the image.

Navigator Area

For the Navigator area, it will include essential information about the account as follows:

• Accounts: This section displays all Exness Metatrader 5 accounts.
  Account Dialog Box
• Indicators: Supports inserting technical indicators.
• Expert Advisors: Inserts trading systems into the price chart automatically.
• Script: This tool has the ability to speed up trading and save time.

Toolbszox Area

Next, you will learn about the important tabs in this toolbox section.

• Trading: This tab displays information about all active orders and your trading account. It includes equity, balance, free margin, margin level, etc.
• History: Select this option to view the transaction history, including all completed buy and sell orders, as well as deposit and withdrawal transactions.
• News: This area is regularly updated to provide daily news from politics and business.
• Calendar: Economic calendar. This is also considered one of the new additions only available in MT5, and this economic calendar is not integrated into MT4.
• Alerts: Real-time trading alerts.
• Codebase, Expert, VPS: These are programming services or custom indicators, EA services, and VPS. All of these are directly linked to the MQL5 Community Platform (mql5.com), where investors can freely execute buy and sell orders. We also provide the most reputable Forex trading services on the market today.

Price Chart Area

When you first open this panel in the MT5 software, you will see four price charts. Additionally, if you want to zoom in on the chart, simply click the square in the top right corner of the chart. To close or minimize the chart, click the “X” or the (-) icon simultaneously.

Additionally, if you want to open a product chart, in the market research area, left-click on the product itself, drag it to the chart area, and then release the mouse. If you want to open a chart displaying the market depth or One-click Trading, you can then click on the two options as shown below.

Alternatively, you can right-click on the price chart and select Depth of Market or One-click Trading.

Depth of Market or One-click Trading Dialog Box

Next, if you want to customize the colors of the price chart, right-click on the chart and select Properties. A dialog box will appear as shown below:

Properties Dialog Box

• Common: Specifies the type of price chart you want to select for use.
• Show: This option allows you to display or hide certain values and parameters on the chart, enabling the investor to observe more clearly.
• Colors: Customize the color frames for the charts.

Menu Bar Area

The Menu Bar area contains many important tools that you should not overlook.

File Button

The File button is also the last part of the Exness MT5 software, where we want to introduce to you the menu bar area and the function buttons, including the buttons on the menu bar and the tools located below the menu bar.

File Button

You only need to save a few important items here.

• New Chart: This button opens a new price chart for each product. You can also use it to do this by using the MarketWatch tools described above.
• Open Account: This button is used to open a new trading account (either live or demo). Additionally, you can open directly from this button. You can also access and open your personal administrator account.
• Login to Trading Account: You can log into your trading account on the MT5 platform.
• Show Button: This is used to display or hide the desired area of the toolbar on the screen.

View Toolbar

• Languages: This is where investors can select the most suitable language for themselves and for the MT5 software.
• Toolbars: Select to display commonly used information or to hide the toolbars located below the Menu bar.

Toolbars Tab

• Strategy Tester: A tool used to test trading strategies.
• Languages: This button allows you to choose the specific languages displayed for the software.
• Toolbars: Users can use this option to choose whether to display or hide the toolbars below the Menu bar.
• Strategy Tester: This tool is used to test the trading strategies that an investor wants to try out.

Frequently Asked Questions about Exness MT5

How do I access Exness MT5?

For MetaTrader 5 terminal devices on a computer, to access Exness MT5, you will first need to log into your trading account by following these steps:

• Click on “File,” then select “Login to Trading Account.”
• Enter the Login Information, Password, and Server as required by the system (you can find details about login and server in your Personal Area if the password matches the one you set for your personal trading account).
• After successfully logging into the system, you will hear a confirmation sound. You can then begin opening financial transactions on the MT5 platform.

How to start trading with MetaTrader 5

Once you have created your MT5 trading account, you can place a new order for CFDs, currency pairs, metals, and other instruments.

Guide for MT5 terminal devices on a computer:

• Open a new order by clicking on the “New Order” option in the toolbar or double-clicking on the currency pair you want in the “Market Watch” window.
• After selecting the symbol, set the volume, stop loss, and take profit.
• Then, select either “Market Execution” or “Pending Order.”
• Next, click on “Sell by Market” or “Buy by Market” to open the trade.

You can close your orders by double-clicking on the order and clicking “Close by Market,” or close the order by right-clicking on it and selecting “Close Order.”

Is MetaTrader 5 really secure?

MetaTrader 5, developed by MetaQuotes, is popular not only for its features and tools but also for its absolute security. The Exness MT5 trading platform ensures safe encryption of all data as it is transmitted between the trader and the server on the platform, ensuring that your trading account, transactions, and all your data are protected.

Does MetaTrader 5 have any fees for use?

Using MetaTrader 5 is completely free. Exness does not charge any download fees or fees for using any features of the platform. However, the costs for internet connection and the necessary devices for trading are the responsibility of the trader.

This concludes all the essential information that Forex wants to introduce to you. We hope that this article provides you with the necessary knowledge for a successful trading experience with Exness MT5.