Now you can trade Forex, Gold or Coin everywhere with just one smartphone in your hand. But it’s an even better Forex trading experience with MT4/MT5 platform.
In this article, I will show you how to download, install, login, analyze and enter trades on MT4/MT5 platform. This is going to be a rather long post, but I’ll keep things simple with pictures
How to download MT4/MT5 Forex trading platform on smartphones
First, go to the Appstore or Google Play depending on your smartphone’s operating system and search MT4/MT5.
For example, I am using iPhone on IOS operating system. When I search for MT4 on the Appstore, the screen shows both Metatrader 4 (MT4) and Metatrader 5 (MT5). In this article, I will use MT4 as an example. If you use MT5, it will be similar.
Click on MT4 and proceed to download
How to login your Exness account to MT4/MT5 trading platform
Step 1: Get your account information
This information will be located at Exness when you open an MT4/MT5 account.
Step 2: Login to your MT4 account
Basic setup on MT4/MT5 forex trading platform
Step 1: Basic customization
After logging in, you need 2 basic customizations right at the setting screen.
(1) Choose a language and (2) Choose a candlestick chart.
Step 2: Choose a trading product
There are many currency pairs, commodities, cryptocurrencies and even stocks on MT4/MT5. Depending on the trading purpose, you can choose whatever you want.
For example, I choose XAU/USD (Gold) as the main product to trade.
Step 3: View and customize the candlestick chart on MT4/MT5
As a trader, you need to analyze the chart to have predictions for the future.
Next is the timeframe on the candlestick chart. If you are a beginner, give preference to the H4 timeframe.
Step 4: Set up the indicator on MT4/MT5
Indicators are an indispensable part of trading. To get any indicator, you just need to click on the letter “F” icon > Main window > Select indicator.
In this example, I will choose Bollinger Bands with basic parameters as a trading indicator.
Step 5: Open a trade on MT4/MT5
To enter an order, click on Trade > Set up the trading volume, SL/TP level and enter a BUY/SELL order.
Some small notes
To enter the order, you need to log in with a Real account (not a read-only password).
You can only execute trading orders on MT4 and MT5. You can’t deposit or withdraw on it.