Important Information

You are visiting the international Vantage Markets website, distinct from the website operated by Vantage Global Prime LLP
( www.vantagemarkets.co.uk ) which is regulated by the Financial Conduct Authority ("FCA").

This website is managed by Vantage Markets' international entities, and it's important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:

  • You will not be guaranteed Negative Balance Protection
  • You will not be protected by FCA’s leverage restrictions
  • You will not have the right to settle disputes via the Financial Ombudsman Service (FOS)
  • You will not be protected by Financial Services Compensation Scheme (FSCS)
  • Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.

If you would like to proceed and visit this website, you acknowledge and confirm the following:

  • 1.The website is owned by Vantage Markets' international entities and not by Vantage Global Prime LLP, which is regulated by the FCA.
  • 2.Vantage Global Limited, or any of the Vantage Markets international entities, are neither based in the UK nor licensed by the FCA.
  • 3.You are accessing the website at your own initiative and have not been solicited by Vantage Global Limited in any way.
  • 4.Investing through this website does not grant you the protections provided by the FCA.
  • 5.Should you choose to invest through this website or with any of the international Vantage Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.

Vantage wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.

By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Vantage entity.

I confirm my intention to proceed and enter this website Please direct me to the website operated by Vantage Global Prime LLP, regulated by the FCA in the United Kingdom

By providing your email and proceeding to create an account on this website, you acknowledge that you will be opening an account with Vantage Global Limited, regulated by the Vanuatu Financial Services Commission (VFSC), and not the UK Financial Conduct Authority (FCA).

    Please tick all to proceed

  • Please tick the checkbox to proceed
  • Please tick the checkbox to proceed
Proceed Please direct me to website operated by Vantage Global Prime LLP, regulated by the FCA in the United Kingdom.

×

Copy Trade from just $50

Copy Trade Now >
Copy Trade from just $50
View More
SEARCH
  • All
    Trading
    Platforms
    Academy
    Analysis
    Promotions
    About
  • Search
Keywords
  • facebook
  • instagram
  • twitter
  • linkedin
  • youtube
  • tiktok
  • spotify
What are the MetaTrader 5 Requirements for Beginners 

TABLE OF CONTENTS

What are the MetaTrader 5 Requirements for Beginners 

What are the MetaTrader 5 Requirements for Beginners 

Vantage Updated Tue, 2024 October 29 06:42

MetaTrader 5 (MT5) is one of the most popular trading platforms used by traders worldwide. It’s designed to accommodate a wide range of financial instruments, including forex, stocks, commodities, and more. With its analytical tools and flexibility, MT5 is suitable for both beginners and experienced traders looking to enhance their trading strategies.  

In this guide, we will help beginners understand the essentials of MetaTrader 5, its key features, and top indicators to get started successfully. 

Key Points 

  • MT5 is an advanced trading platform that supports multiple financial instruments like forex, stocks, commodities, and more, offering powerful tools for traders at all levels. 
  • MT5 provides diverse technical indicators, flexible order types, and automated trading options, helping traders perform comprehensive market analysis and execute trades efficiently. 
  • Beginners can start by practising with a demo account to get familiar with MT5’s features, and later open a live account to trade various markets with confidence. 

What is MetaTrader 5 

MT5 is an advanced multi-asset trading platform developed by MetaQuotes, succeeding its predecessor, MetaTrader 4 (MT4). While MT4 mainly focuses on forex trading, MT5 expands its reach by offering a broader selection of financial assets like stocks, CFDs, commodities, and more. 

MT5 enables traders to conduct in-depth technical and fundamental analysis, automate trading through Expert Advisors (EAs), and manage trades efficiently from anywhere, whether through a desktop or mobile device. 

One of MT5’s standout features is its support for algorithmic trading, allowing users to automate their trading strategies with trading bots. Traders can create their own bots using the MQL5 programming language or access a variety of pre-built options. MT5 also includes enhanced order types, improved charting tools, and a more refined user interface to help traders of all levels make informed decisions in dynamic markets. 

MetaTrader 5 Features 

MT5 offers a range of powerful features to help traders analyse and manage their trades effectively. Here are some of its key features: 

1. Advanced Market Analysis Tools: MT5 provides 38 technical indicators and 44 graphical objects to perform comprehensive technical analysis. The platform’s multi-chart interface supports up to 100 open charts simultaneously and includes 21 different timeframes for precise market monitoring. 

2. Multiple Order Types and Execution Modes: MT5 supports six types of pending orders—Buy Stop, Sell Stop, Buy Limit, Sell Limit, Buy Stop Limit, and Sell Stop Limit—along with traditional market orders. This flexibility allows traders to choose the execution mode and order type that best suits their strategy. 

3. Market Depth: The Market Depth feature offers a detailed view of the best bid and ask prices for an asset, displaying market liquidity at different price levels. This is particularly helpful for understanding market trends and executing significant trades without causing drastic price changes. 

4. Automated Trading: MT5’s automated trading capabilities let traders use EAs and trading bots to manage trades even when they are offline. With automated trading, users can handle multiple orders and large amounts of data quickly and efficiently. 

5. Economic Calendar and Financial News: Keeping track of market-moving events is easy with MT5’s built-in economic calendar and live financial news streams. These tools provide real-time updates and insights into economic and political developments affecting asset prices. 

Top Indicators in MetaTrader 5 

MT5 offers a comprehensive range of technical indicators that can help traders analyse market movements and identify trading opportunities. Here are some of the top indicators in MT5: 

  • Moving Averages: This trend indicator shows the average price of an asset over a specific period, helping traders identify long-term trends and smooth out market fluctuations. 
  • Bollinger Bands: Bollinger Bands help measure market volatility by plotting two bands above and below a moving average. The bands expand during volatile periods and contract during quieter market conditions. 
  • Average Directional Movement Index (ADX): ADX measures the strength of a trend over a set period, helping traders distinguish between trending and non-trending market conditions. 
  • Relative Strength Index (RSI): RSI is a popular oscillator that indicates whether an asset is overbought or oversold, helping traders anticipate potential reversals in price. 
  • On Balance Volume (OBV): This volume indicator analyses the relationship between an asset’s price and volume. A rising OBV suggests strong buying pressure, while a falling OBV indicates increased selling pressure. 
  • Fractals: Fractals highlight potential turning points in the market by identifying patterns that indicate the highest highs and lowest lows over a given period. 
  • Awesome Oscillator: This indicator measures market momentum by comparing recent moving averages, giving traders insight into bullish and bearish trends. 

Advanced Indicators in MetaTrader 5 

MT5 also offers advanced indicators that provide deeper insights into market trends, volatility, and potential reversals, allowing experienced traders to further fine-tune their trading strategies: 

  • Market Facilitation Index (MFI): MFI displays the impact of volume on price changes. When both MFI and volume increase, it signals strong market momentum in the current direction, indicating a continuation of the trend. 
  • Fractal Adaptive Moving Average (FRAMA): FRAMA adjusts itself based on market volatility to help identify market reversals. It calculates the difference between the highest highs and lowest lows to show whether an uptrend or downtrend is gaining strength. 
  • Half Trend Buy and Sell: This trend-following indicator uses moving averages to identify market direction. It signals uptrends with a blue line and downtrends with a red line, helping traders decide when to buy or sell. 
  • Reversal Signal Indicator: This indicator places arrows on the price chart to indicate potential market reversals. An up arrow suggests a bullish reversal, while a down arrow signals a bearish reversal, helping traders time their entries and exits. 
  • DeMarker: The DeMarker indicator compares the maximum price of the current period with the previous period to identify potential bullish or bearish reversals. It signals a bullish trend when values fall below 30 and a bearish trend when values exceed 70. 
  • Gator Oscillator: The Gator Oscillator, helps visualise market convergence and divergence by plotting the distance between short-term and long-term moving averages. It indicates the strength of the trend when the green bars expand and signals consolidation when the red bars contract. 

How to Download MetaTrader 5 

To get started with MetaTrader 5, you can download the platform from Vantage’s website. 

1. Go to Vantage’s official website

2. Navigate to the Platforms section and choose MetaTrader 5

3. Choose MetaTrader 5 and select the version compatible with your operating system (Windows, MacOS, or Linux). Click the download button to begin. 

Image 1: Vantage’s MT5 Download Page 

System Requirements for MetaTrader 5 on PC 

To run MetaTrader 5 efficiently on your PC, you need a computer with at least Windows 7 or a higher operating system (64-bit recommended). A CPU like Pentium 4/Athlon 64 or higher will suffice, but if you plan to use multiple charts or automated trading strategies, a more powerful processor and increased RAM (4GB or higher) will ensure smooth performance. 

System Requirements for MetaTrader 5 on Mac 

MetaTrader 5 is compatible with macOS versions 10.14 (Mojave) and higher, including Big Sur. The latest macOS installer update ensures smooth functionality without needing additional software. If you’re already using MetaTrader on macOS, check your current Wine version in the terminal log and install additional Wine packages like Mono and Gecko when prompted for optimal performance. 

How to Trade with MetaTrader 5 

Trading on MetaTrader 5 involves a few simple steps: 

1. Log into your MetaTrader 5 account and find the instrument you want to trade (like a stock or currency pair) in the Market Watch section. 

2. Right-click on the instrument and choose New Order, or click the New Order button in the toolbar to bring up the order window. 

3. In the order window, select your trade volume and set your Stop Loss and Take Profit levels if needed. 

4. Choose Buy by Market or Sell by Market to execute your trade at the current market price. 

5. Click on the Trade tab at the bottom to view active positions. You can right-click on any trade to modify, delete, or close it as needed to manage risk and capitalise on market changes. 

Conclusion 

MT5 is a robust and versatile trading platform that offers a wide range of tools and features to help beginners trade the financial markets. With its support for multiple asset classes, analytical tools, diverse indicators, and automated trading options, MT5 allows traders to make informed decisions and efficiently manage their trades.  

For beginners just starting out, you can trade using a demo account on Vantage to familiarise yourself with the MT5 platform. Once you’re ready, you can open a live account and trade the wide range of products offered. 

  • vantage academy open account

    Open Trading Account

    Discover the endless trading possibilities with our cutting-edge platform, designed to empower both beginners and seasoned traders alike.

  • vantage academy app

    Download Vantage App

    Trade on the go with the Vantage All-In-One Trading App, where smooth execution and market access come together in the palm of your hand.

  • vantage academy start trading

    Start Trading

    Are you an existing user? Login to your account to start trading 1,000+ products including forex, indices, gold, shares and more.