How to use MT5 for forex trading

MetaTrader 5 (MT5) is a powerful trading platform for forex trading that offers advanced charting tools, technical indicators, and automated trading features. To use MT5, start by downloading and installing the platform from a broker’s website. Open the software and log in with your trading account credentials. Navigate to the Market Watch window to view available currency pairs, then use the charting tools to analyze price movements. Place trades using the "New Order" button, where you can set trade volume, stop-loss, and take-profit levels. MT5 also supports automated trading through Expert Advisors and custom indicators. Monitor your trades in the Terminal window and adjust positions as needed.