MT5 (MetaTrader 5) is a familiar application to the Trader community. In the article below, EX Trading will provide detailed instructions on how to connect Exness to MT5. Along with the main features of this platform. Please continue following to learn more!
Why should you how to connect Exness to MT5 to trade forex?
MT5, also known as MetaTrader 5, is a software that allows investors to participate in trading through an online platform in the Forex market. This application was developed by MetaQuotes company and launched in 2010.
MT5 is an improved version of MT4, bringing many useful new features. Especially suitable for professional traders. Those who wish to carry out more complex transactions, with advanced features. This connection helps users take full advantage of the features and tools of the MT5 platform to conduct transactions.
MT5 offers users a wide range of technical indicators and technical analysis tools. Assist them in making accurate and effective trading decisions. Therefore, if the dream of becoming a professional trader is present in you, then do not miss the opportunity to connect Exness with MT5. To be able to take advantage of all the benefits and tools that this connection brings.
The fastest and simplest way to download MT5 Exness
How to connect MT5 to Exness players need to download and install the application on devices with different platforms such as computers and phones.
Download MT5 Exness to your computer
Step 1: Log in to the official website at Exness.com
After selecting “MetaTrader5”.
Step 2: Then click Download to save it to your computer.
Step 3: Run the program by double-clicking on the downloaded file.
Step 4: After successful installation, the MT5 Exness platform will automatically open.
Step 5: If you are a new user of the platform, go through the procedures to register.
If you are a registered user on the Exness site, you only need to authorize the use of your account address and password.
Download Exness MT5 to your phone
For the Android operating system:
Step 1: On Android, you can easily find the Exness MetaTrader 5 installation file on the Google Play Store.
Step 2: Register or enter your user account name and password (if you have registered before).
With little space on your device, this platform allows you to perform the same trading operations as the desktop version.
For the iOS operating system:
Step 1: To install the MetaTrader 5 Exness application for iOS, you just need to visit the App Store and search for the keyword “MetaTrader 5”. Then proceed with the installation. Downloading and installing this application costs absolutely nothing.
Step 2: Register or enter your username and password (if you have registered before).
Detailed instructions on how to connect Exness to MT5
How to connect Exness to MT5 using a computer
To access your Exness trading account, you can perform the following steps:
Step 1: Open the MT5 Exness application. Then click File -> Login to Trade Account.
Step 2: Enter your trading account information, including Login, Password, and Server. After filling in all the information, click the Login button.
If the information entered is correct, you will hear a confirmation sound.
Once you have completed the above steps, you have successfully logged in to your Exness trading account on the MT5 application. Be willing to make investments that can bring profits.
See more: Open Exness Account: Latest guide for new traders
Link Exness with MT5 by phone
To log in to MT5 Exness on your phone, you need to perform the following steps without change:
Step 1: Open the MT5 Exness application by typing the keyword “Exness” into the search bar. Choose Exness Technologies Ltd.
Step 2: Choose a server that matches your login information when opening an account.
Step 3: Enter your MT5 login and password to login to Exness MT5.
If you follow the steps correctly, you will successfully log in to your trading account. From here, you can use the MT5 Exness trading app on your phone.
How to start trading on MT5 Exness
Instructions on how to place orders
Market orders:
Press the F9 key from the keyboard or click the “New Order” icon on the toolbar (Tools bar) to open the order window. Here, you need to select and fill in the following parameters to execute the command:
- Symbol: Select the currency pair, commodity, or product you want to trade.
- Volume: Determine transaction volume.
- Stop Loss: Set the stop loss price.
- Take Profit: Set profit-taking price.
- Type: Select Market Execution.
After filling in all the information, click the Buy by Market or Sell by Market button to make a direct transaction order.
Pending order:
In MT5, you can choose from the following 6 types of pending orders: Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, and Sell Stop Limit. To be able to close a trade, you can use the Stop Loss or Take Profit function.
- Click the New Order icon in the toolbar at the top of the page or click Tools > New Order.
- Select the Symbol for the currency pair or product you want to trade.
- Set the Volume of the transaction.
- Clearly define the type of pending order, such as Buy Limit or Sell Stop, …
- Set the desired Price, Take Profit, and Stop Loss levels, as well as the Expiry date if necessary. Note, you can leave these fields blank if you do not want to set them up.
- After filling in all the information, click Place to set up a pending order.
Instructions on how to close and edit orders on Exness MT5
To close an order:
- Double-click on the order you want to close. Go to the Trade section in the Toolbox section running along the bottom of the platform.
- Click on the “Close By Market” button highlighted in yellow.
- Alternatively, you can also right-click on your order and select “Close Order”.
- If you have never activated the one-click trading method, the system will prompt you to activate it. Then this method will automatically apply next time. Alternatively, you can click the x icon next to your order in the “Trade” section.
Instructions for adding or removing trading pairs
To edit or delete an open transaction in the Trade section, you can perform the following steps:
Right-click on the open trade in the Trade section.
Select the Modify or Delete option.
If you want to edit, you can change parameters such as Price, Stop Loss, Take Profit, and expiration date. When finished editing, click on the Modify option.
If you want to delete the order, just click on the Delete option.
Summary
The article shared from EX Trading here provides extremely detailed instructions on how to connect Exness to MT5. Hopefully, through this article, you will have a clearer view of MT5 Exness and how to use it. In particular, this article will help you find it easier to conduct transactions and use this software.
I wish you all success and prosperity in your trading journey!
See more: Exness MT5: The smart choice of financial traders
Frequently asked questions
What is MT5 Exness?
MT5 Exness is the leading trading platform for the online forex market that Exness offers. This is the MetaTrader 5 (MT5) version that Exness uses as its trading software.
Does MetaTrader 5 Exness have usage fees?
MT5 is a product of MetaQuote Ltd and there are no usage fees when trading on the platform.
Who is connecting Exness with MT5 suitable for?
Anyone involved in forex trading can use this platform, however, MT5 is often preferred by more professional traders due to its more complex integration of features compared to MT4. New traders often prefer to use MT4 because of its simplicity and familiarity.
