To earn the salary of a good trader, it is not enough to learn how to trade and have access to important data. You must also know how to choose the best possible trading platform, to optimise your performance and maximise your chances in this uncertain universe. Today, the most efficient and popular platform in the world is MetaTrader 4. However, since its launch, its new version, MetaTrader 5, has continued to gain ground and is increasingly effective. This time we will focus on this recent version, show you how to install and use it correctly, and see if it is time to migrate.

Downloading MetaTrader 5: how to proceed?

MetaTrader 5 is available in several platforms.

Downloading the MetaTrader 5 platform is not complicated at all. All you have to do is proceed as shown here:

• Go to the official MetaTrader 5 website;
• Fill in the required empty boxes. You can leave the optional boxes empty.
• Click on the start of the download, then click on OK at the end.
• Please note that the purchase of the programme is completely free of charge. If you are asked to pay, it will mean that you are not on the platform’s official site and that you are probably on a scammer’s site.

If you are working on a mobile device (iPhone or Android), you can access the appropriate version for your device in the App Store or Play Store.

To install MetaTrader 5: the steps to follow

Similar to downloading, installing the program is very simple and basic. Simply look for the executable in the download folder. Then, by double-clicking it, you will start the installation operation. Do it right. Just follow the instructions prescribed by your operating system to complete the installation. In addition, it is strongly recommended to keep the same installation location that the program offers you by default.

If you have a Mac, the process is not much different from the Windows version. The only difference is that you must choose the correct version when you install the program on the platform site.

Open an account on the MetaTrader 5 platform:

Once you have downloaded and installed the program on your computer, it is time to continue with the account creation. Here are the steps to follow to open a new valid and operational account:

Log in from the platform’s website interface.

Go to the tabs box to choose the type of account you are interested in. Here, in this case, we will choose the live account. In addition, it is important to remember that depending on the type of account you choose, you will have to pay different fees, and also benefit from various advantages. That is why it is important to choose correctly.

Here you can also choose the fiduciary currency you will work with.

On the other hand, it is at this level that you will set the level of leverage you will use.

Complete the account creation by clicking OK!

Please note that it is essential to validate the creation of the account through your email box. If you do not do this, your account will be permanently blocked after a few days.

To access your MetaTrader 5 account

The MT5’s interface is extremely practical and intuitive!

Of course, the creation will be sent directly to your account. However, to connect from another medium, you will need to log in again. In this case, follow these steps:

• Go to the platform.
• Click on File, then connect (or connect, depending on the version).
• Select the connection option that suits you best.
• Enter the required data, such as identifiers.
• Select the server where your account is located. If you forgot it, you can verify it by simply checking the email you received when you created your account.
• Complete the connection.

If you wish to disconnect for any reason (which is still highly recommended), all you have to do is close the program by going to the File tab and then clicking on the Close option. If you close the application directly, the account will still be linked and you will be logged in automatically the next time the program is started.

In addition, if you want to avoid leaving your credentials on the device you use to connect, you must remove the cross located in the registration box in the connection area.

The major differences that distinguish MetaTrader 5 from its previous version:

For some time now, the platform’s creators have been focusing more seriously on this latest version of MetaTrader. This is mainly because version 4 is now technically outdated and version 5 is the only one capable of carrying out their most ambitious projects. Here, we invite you to discover the essentials of what the platform has most to offer:

• The MetaTrader 5 interface is much easier to use. Therefore, it is ideal for a good start to trading.
• It offers more flexibility and is much more customisable.
• It is no longer necessary to download a cheap calendar, as the platform offers one free of charge.

Traders will be able to view various investments that are recorded in the history. In addition, there are special charts that are intended for this use.

All platform users can access this history.

Direct access to the various stock exchanges is possible.

On this platform, traders will be able to trade up to 8,000 different assets.

It is also obvious that on a technological level, MetaTrader 5 is superior to MetaTrader 4:

The MT 5 is significantly lighter and more consistent in its operation.

We also note that the techniques we can use to place ourselves on the market are much more effective with the new version.

Currently, it is possible to find the MT 5 in more supports than the MT 4.

If we take into consideration all of the above factors, it is undeniably only a matter of time before MetaTrader 5 becomes the main platform that the vast majority of traders turn to. Its benefits are countless and MT 4 users will not feel disoriented when using it. In addition, we should not forget that it is the main focus of interest for developers who are currently redoubling their efforts to make it even more effective. Moreover, it is already more efficient and allows faster work, with much more stability.