Special platforms allow anyone to trade on the stock exchange. Buy shares of corporate giants from any device.
Efficient technical tools are vital for Forex traders. Their profit relies on accurate predictions of market movements.
To foresee trends, one needs access to various data. Stock traders evaluate patterns and manage positions accordingly. Even if you prefer fundamental analysis over the technical approach, you still need a platform.
Top products are comprehensive environmental, and these are suitable for learning and live trading. Such software is packed with graphic aids and tools for risk management. It provides buy and sell indicators that help users to spot lucrative opportunities. One such platform is MetaTrader 5.
Why trade stocks online
Gone are the days when stocks were accessible to the chosen few. Today, any individual can learn to buy and sell shares remotely. Global markets are a click or a tap away. Platforms like MetaTrader 5 can run on desktop computers, tablets, and even smartphones. This ensures 24/7 access.
In order to start, you need to register an account with a brokerage. This firm is the intermediary that connects you to the exchange and facilitates transactions. Forget the old-school stock exchange where each operation requires multiple phone calls. Everything can now be handled from the comfort of your home. Let the equity of major corporations work to your advantage.
How it works
The broker will create a demo or live account, depending on your needs. With the login and password, you can unlock the software. While the demo mode is perfect for training, live trading is where the real money comes into play.
It is easy to open a demo account. Fill in a basic form, and the credentials will be emailed to you almost immediately. Explore the platform in its simulation mode before depositing cash. You need to feel comfortable using the controls and charts, including tools for risk management.
Real stock market trading is accessed via a live account. Through their broker, users may access stocks or derivatives, such as CFDs. All instruments are bought and sold through the platform. No extra downloads are necessary. Contact your local brokerage for expert advice on stock market trading in Africa.
This advanced stock trading system was devised by MetaQuotes Software Corp. It stands out due to its wide range of trading aids. The previous version of the software (MT4) is still the most popular choice among currency traders, years after its release.
MT5, on the other hand, is preferred by experienced traders that want to diversify their portfolios with more instruments. It has more sophisticated graphics and broader functionality overall.
It has features such as the multiple trading instruments, numerous visual aids (tables, bar charts, etc.), quick execution, pricing streamed in the live mode, compatibility with Windows and Mac, sleek mobile versions from Android and iOS, financial news updates, and audio alerts.
The platform uses MetaQuotes Language 5. This programming language is highly intuitive. It is used for the creation of trading strategies and robots. Useful technical aids, such as indicators and scripts, are also built using MQL5.
In comparison with MQL4, the successor is more advanced and efficient. Every operation requires only one function. Trading robots analyze the market and execute trades automatically, and this saves users a lot of time.
You may also create and modify scripts. It is possible to use a positional system across markets. Finally, you can chat with fellow stock traders on the community forum
The platform allows effortless customization. Users have a vast choice of options. These include 21 timeframes, 38 embedded technical indicators, 44 graphic objects, 2 execution modes, 6 pending order types, depth of market, netting, built-in economic calendar.
The MT5 is a popular platform that makes stock trading convenient on any device. With MT5, stock traders can access the global exchange easily, from anywhere in the world. Buy shares of the largest world corporations and profit from their growing value!
The system opens access to a broad range of instruments beyond stocks.
These include futures and CFDs (Contracts for Difference). It is, therefore, possible to trade a diverse set of assets. The more instruments are used – the lower the trading risk.
