MT5 has loads of useful tools built-in. The charts are detailed and show tons of indicators. You can trade directly from the charts too – super handy! Using MT5 is a breeze. Checking trades and managing them is easy as pie. But get this – MT5 lets you trade all kinds of markets. Forex, stocks, futures, CFDs… you can access them all from this one platform. Neat, right?
Exploring Exness MT5 for Nigerian Traders
For traders in Nigeria, MT5 is where it’s at. You can trade currency pairs, stocks, indices, cryptos – the works! It even has these advanced features for building your own trading robots and custom indicators. Crazy! MT5 uses this coding language called MQL5. With MQL5, you can create scripts, robots, indicators – whatever fits your trading style.
The interface on MT5 is straightforwardly simple to use. Keeping an eye on your trades and making smart moves is no biggie. Live market prices are displayed. Executing orders is lightning fast too. Oh, and it’s packed with analysis goodies – indicators, chart objects, multiple timeframes. A proper toolbox!
For Nigerian traders wanting to up their game, Exness MT5 is an ace choice.
Download Exness MT5 Version for different Devices
Many Nigerian traders use Exness MT5. It works on Windows, Mac, Android, and iPhone. Here’s how to get it:
Windows PCs:
- Go to Exness.com
- Look at the top menu. Find ‘Platforms’
- Click ‘MetaTrader 5’
- Find ‘Download MetaTrader 5’. Click it
- A file starts downloading. It’s called ‘exness5setup.exe’
- Open the file. Do what it says
- Start MT5. Log in with Exness details
Macs:
- Open Exness.com on your Mac
- Top menu: ‘Platforms’
- Choose ‘MetaTrader 5’
- Click ‘Download MetaTrader 5’
- It downloads a file: ‘exness-mt5.dmg’
- Find the file. Open it
- Follow steps. Then start MT5
- Log in with Exness account
Downloading and Installing Exness MT5
For Android users, start by opening the Google Play Store on your device. Search for ‘MetaTrader 5’ and tap ‘Install’ to download the app. Once installed, open the app and log in with your Exness account details.
If you’re using an iOS device, begin by opening the App Store. Search for ‘MetaTrader 5’ and tap ‘Get’ to download and install the app. After the installation is complete, open the app and sign in using your Exness login information.
Now you have Exness MT5. Start trading forex, stocks, and more.
How to Begin Trading with Exness in Nigeria
Want to trade online? Exness makes it simple for Nigerian traders. Here’s how to begin:
Make an Exness Account
To sign up for an account on Exness, follow these steps:
- Go to Exness.com
- Look for ‘Open Account’ at the top. Click it
- Fill in your name, email, and phone
- Make a strong password. Mix letters, numbers, symbols
- Check the terms. If okay, tick the box
- Hit ‘Open Account’. Done!
Confirm Your Identity and Address
Exness needs to know you’re real. It’s a rule to stop bad things like fraud. Log in and go to ‘Verification’. Upload a clear picture of your ID – passport, driver’s license, or national ID. Also, show a bill or bank paper with your name and address. It usually takes a few hours to check.
Choose Your Trading Account Type with Exness for Nigerian Traders
Exness has different accounts:
- Standard Cent: For beginners. Trade small amounts while learning.
- Standard: For more experienced traders. More options.
- Pro: For experts. Lower costs, faster trades.
- Zero: No extra costs on main currencies, but a small fee per trade.
Log in, go to ‘Accounts’, then ‘Open Trading Account’. Choose your account, pick your money type (like USD), set your leverage, and click ‘Open Account’.
How to Make a Deposit
In your account, click ‘Deposit’. Pick your trading account. Choose how to pay – card, bank, or e-wallet like Skrill. Enter the amount and follow the steps. Money usually shows up fast, except bank transfers might take days.
Log in to Exness MT5
Open MT5 on your device. Click ‘File’, then ‘Login to Trade Account’. Enter your Exness number and password. For server, use ‘Exness-Real’ or ‘Exness-Demo’ for practice. Click ‘Login’. Your money shows at the bottom.
Placing Your First Order on Exness MT5
Placing an order on MT5 is simple and straightforward. Here’s how you can do it:
- Select a Trading Instrument: Choose the trading instrument you want from the ‘Market Watch’ window.
- Initiate a New Order: Right-click on the selected instrument and choose ‘New Order’.
- Fill Order Details: In the ‘Order’ window, select the type of order: Market Execution or Pending Order. Enter the volume of your trade (in lots). If placing a Pending Order, set the desired execution price. Optionally, set Stop Loss and Take Profit levels to automatically close the trade at certain price points.
- Execute the Order: For Market Execution orders, click ‘Sell by Market’ or ‘Buy by Market’. For Pending Orders, click ‘Place’.
Congratulations! You’ve successfully placed your first order with Exness MT5.
Main Features of Exness MT5 for Nigerian Traders
Exness MetaTrader 5 (MT5) is a powerful trading platform packed with features to enhance your trading experience. Let’s explore its key attributes:
MetaEditor Integration
MT5 includes the MetaEditor tool, allowing you to create trading robots and technical indicators seamlessly. Any new program you develop appears immediately in your MT5 platform, ready for activation.
Advanced MQL5 Programming
MQL5, the programming language for MT5, enables you to develop scripts, trading bots, and indicators. It offers more advanced functions and graphical elements than its predecessor, MQL4, enhancing your trading strategies.
Hedging Capabilities
With Exness MT5, you can utilize hedging mode to open multiple positions, even opposing ones, on a single trading asset, providing greater flexibility in your trading approach.
Versatile Charts & Timeframes
MT5 allows you to monitor price movements using charts with timeframes ranging from 1 minute to 1 month. You can view up to 21 different timeframes simultaneously, helping you react quickly to market changes and store quote histories efficiently.
Comprehensive Fundamental Analysis
MT5 is equipped with fundamental analysis tools, including an integrated Economic Calendar, keeping you informed about relevant news, expected market reactions, and forecasts.
Enhanced Indicators & Analytical Tools
MT5 offers 38 built-in indicators, 22 analytical tools, and 46 graphic objects to elevate your trading analysis and decision-making process.
Diverse Execution Modes
MT5 supports both instant and market execution, giving you flexibility in how you place your orders.
In-Depth Level 2 Quotes
MT5 provides Level 2 quotes, offering a deeper insight into market depth and underlying dynamics, helping you make more informed trading decisions.
Adaptive Trailing Stop
The trailing stop feature in MT5 automatically adjusts your stop loss as the market moves in your favor, ensuring your gains are protected.
These features make Exness MT5 an essential tool for traders in Nigeria, whether you are a beginner or an experienced professional.
FAQ about Exness MetaTrader 5
How to Create an Account on the Exness Platform?
To start, go to the official Exness website and click on ‘Open Account.’ Fill in your personal details and follow the steps to complete your registration.
How to Access Your Personal Area?
Log in to your Exness account with your credentials. Once logged in, you’ll be taken to your Personal Area where you can manage your account settings and funds.
Why Confirm Identity and Address?
Verifying your identity and address is essential for security and regulatory compliance. This step helps prevent fraud and ensures your account’s safety.
What Are the Different Types of Trading Accounts Available?
Exness offers various trading accounts to cater to different needs and experience levels, including the Standard Cent Account, Standard Account, Pro Account, and Zero Account.
How to Deposit Funds into Your Account?
Log in to your Exness Personal Area, go to the ‘Deposit’ section, choose your account, select a payment method, enter the amount, and follow the instructions to complete the deposit.
How Do I Access Exness MT5 with My Login Details?
Open the MetaTrader 5 platform, click on ‘File’ in the top left corner, and select ‘Login to Trade Account.’ Enter your Exness account number, password, and the correct server to log in.
How Do I Execute My First Order?
Select a trading instrument from the ‘Market Watch’ window, right-click and choose ‘New Order.’ Fill in the order details such as type and volume, then click ‘Buy by Market’ or ‘Sell by Market’ to place your trade.