Next, you’ll need to provide more details about yourself. After you enter your country, phone number, and birthday, press ‘Continue’ and pick a trading account creation mode. By default, it will be a Real MetaTrader 5 account with maximum leverage. It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform.

After the registration is complete, you can create more trading accounts and manage them in your profile. If you’re a beginner, there are certain concepts and terms that you need to get familiar with. It’ll help you expand your knowledge about the market in general and our services in particular.

1. For more information, see the developer’s privacy policy.
2. With this knowledge, we created our platform to help you make money through smart and well-controlled investments.
3. To close an order, pick it from the list and press ‘Close’ in the ‘Edit order’ window.
4. To trade in currency as a private investor, you need a reliable Forex broker.

To participate in this contest, simply register for a new Demo account. There are prizes of $500, $300, and $100 for the first, second, and third positions, respectively. All possible trading strategies and EAs can be used in this contest. Opening a MetaTrader 4 Demo Account is the best way for a new trader to check out the platform, get familiar with the tools and learn trading techniques. The account works like a live account, except that it allows you to trade with virtual money rather than real money.

How Stop Loss and Take Profit work

Tap the currency pair and select the Chart option to open the Chart tab and inspect the chart. You can open trades from this tab by tapping the Trade button. Watch the video on how to start trading on the MT5 Android mobile app or look through the steps below. MetaTrader 5 for Android lets you trade whenever and wherever you like. To trade Forex on the go, first you need to download the mobile application.

Currency trading made clear for everyone

MT5 has 44 analytical objects, including Gann, Fibonacci retracements, Elliott Tools, Geometric Shapes, and more. Apply objects on charts manually, set calculation parameters, and customize the appearance of graphical objects according to your taste. We don’t take any commissions on deposits and withdrawals, and our spreads (difference between https://limefx.name/ the Buy and Sell price) are among the lowest in the industry. You can view and manage all your orders in the ‘Orders’ section. To close an order, pick it from the list and press ‘Close’ in the ‘Edit order’ window. You can also set Stop Loss and Take Profit here to make your order close automatically if the price gets lower or higher.

Quick deposits

You can develop your own set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid instinctual blunders while trading. As the system trades mechanically, based on predetermined conditions, your performance won’t be affected by emotions. Automated trades limefx scammers are also executed much quicker, leading to a decreased chance of slippage. In order to make your learning process with LimeFx more engaging, we suggest to train on MetaTrader 4 Demo Account to win real money. Register for LimeFx’s long standing Forex Demo Contest, which has a $1,000 prize fund and lasts for a month.

Top-3 participants receive $500, $300, and $100 for the first, second, and third positions, respectively. All trading strategies and EAs can be used in this contest. With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators. Automated trading helps traders enter and exit positions much faster than manual trading. During registration, you’ll be asked to start a trading account. Pick the ‘Custom’ option, press ‘Continue’, select ‘Demo’, set a platform and leverage, enter your starting balance, and press ‘Create account’.

To close or manage a trade, you need to press and hold it in the list for a second. Then you’ll see the options Close Position or Modify Position. After you press the Close button, your trade will be closed, and your profit will be credited to your account balance. MetaTrader 5 is available as a web platform that’s compatible with Windows, Linux, and Mac OS. MT5 can also be accessed from a smartphone or tablet, whether it has an iOS or Android operating system.

If you’re just starting out, a demo account is a better option than the real one. It allows you to practise trading without risking your funds. You don’t need to make any investments—simply specify the amount of simulated funds you want to add to your account upon creation. Expert Advisors (EA) help traders make more informed decisions.