Learn how to navigate the MT5 Trading Platform - Beginners Course

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Learn how to navigate the MT5 Trading Platform - Beginners Course.

 
Learn how to navigate the MT5 trading platform, place trades confidently, and manage risk using basic order types and platform features designed for new traders.

What you'll learn

Learn how to trade on MT5 and explore key concepts that shape trading decisions.
Set up Deriv MT5 and get familiar with the tools you'll use to place trades
Place, modify, and close trades using both market and pending orders
Use stop-loss, take-profit, and simple indicators to support your trading decisions
Manage your risk with basic tools like position sizing and trade limits
 

 

We recommend that you start with Deriv Broker.

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- CFDs and Options Trading Platforms (Web and Mobile): CFDs Trading (MT5, cTrader, DerivX)
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Lesson 1:

MT5 | Beginner

Introducing MT5 Trading Platform

Welcome to our introductory lesson on MT5! This platform is designed to be your go-to destination for Contracts for Difference (CFD) trading, enabling you to speculate on price movements of various underlying assets. In this lesson, we’ll cover the essential features and benefits of MT5 to help you kickstart your trading journey.

Duration: 6 minutes
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Overview of MT5
MT5 is built on the well-known MetaTrader 5 platform, renowned for its user-friendly interface and advanced trading capabilities. This platform equips traders with powerful charting tools and a wide variety of technical indicators, enabling them to analyze market trends and make informed decisions regarding their trades.
 
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Key Features of MT5

1. User-Friendly Experience: MT5 is designed to be intuitive and straightforward. You'll find it easy to navigate, allowing you to quickly learn how to trade and get started in the markets.
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2. Insightful Market Analysis: The advanced charts and technical indicators available on MT5 provide crucial insights into market movements. These tools help you identify trends and forecast potential price developments, empowering you to make smarter trading decisions.
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3. Diverse Trading Options: The platform offers a vast array of trading instruments, including popular currencies, stocks, commodities, and derived indices. This extensive selection allows you to find opportunities that align with your trading strategy.
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4. Customizable Experience: Everyone has unique trading goals and styles. MT5 acknowledges this by offering various account types to suit individual trading preferences and requirements.
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Account Types Available on MT5
When trading on MT5, you have several account options, each tailored to meet different trading needs:

• Standard Account: A versatile account suitable for both beginners and experienced traders, providing competitive spreads and swap fees. This account supports a wide range of instruments, making it a great all-around choice.
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• Swap-Free Account: Ideal for long-term trading strategies, this account eliminates overnight swap fees, enabling you to hold positions over an extended period without additional costs.
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• Zero Spread Account: This account offers fixed trading commissions, delivering transparency regarding your trading costs. It is particularly beneficial for scalpers and day traders who want to avoid the impact of fluctuating spreads.
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• Financial Account: Focused on trading the financial markets, this account provides access to the tightest spreads available, making it perfect for high-frequency traders.
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• Gold Account: This account allows for trading in gold and precious metals, featuring tighter spreads to maximize the value for traders in this market.
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• Financial STP Account: With zero commissions and wider spreads, this account provides direct market exposure without additional trading fees, making it suitable for diverse trading strategies.
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Conclusion
In summary, MT5 is a comprehensive platform that caters to various trading needs, whether you're just starting or looking to enhance your trading strategy. With its user-friendly interface, advanced tools, and a variety of account types, you can tailor your trading experience to fit your individual goals.

As you prepare to access MT5, remember that understanding the platform’s features and account options will give you a solid foundation for your trading endeavors. Stay tuned for our next lesson, where we’ll guide you through accessing MT5 from your computer, phone, or web browser! Happy trading!
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