Trading Platform
A trading platform is a software interface provided by brokerage that allows traders to execute trades and manage their accounts in financial markets such as forex, commodities, and CFDs.
The trading platform serves as the essential toolkit for traders, offering everything needed for successful online trading. It encompasses trading functionality, technical and fundamental price analysis, automated trading capabilities, and mobile trading access.
Advanced Charting Tools
The MT5 Desktop Terminal provides advanced charting capabilities, allowing traders to conduct in-depth technical analysis with multiple timeframes, chart types, and drawing tools.
Market Depth
Traders can access market depth data, also known as Level II pricing, which provides insight into the liquidity available at different price levels beyond the best bid and ask prices.
Hedging Support
MT5 supports hedging, allowing traders to hold multiple positions, both long and short, for the same trading instrument simultaneously.
Additional Timeframes
MT5 offers additional timeframes for chart analysis compared to MT4, providing more flexibility for traders to analyze price movements across different time horizons.
More Order Types
MT5 supports a broader range of order types, including market orders, pending orders, stop orders, and trailing stops, giving traders more flexibility in executing their trading strategies.
Advanced Pending Orders
MT5 offers advanced pending order types, including Buy Stop Limit and Sell Stop Limit, which combine stop and limit orders, giving traders more control over their entry and exit strategies.
Economic Calendar
The platform includes an integrated economic calendar, allowing traders to stay updated on upcoming economic events and announcements that may impact the financial markets.
Customization and Flexibility
Traders can customize the MT5 Desktop Terminal to suit their preferences, including customizing chart templates, creating personalized watchlists, and setting up alerts and notifications.
Depth of Market (DOM)
The MT5 platform provides a Depth of Market (DOM) feature, allowing traders to view real-time market depth and liquidity, helping them make informed trading decisions.
One-Click Trading
MT5 offers one-click trading functionality, enabling traders to execute trades quickly with a single mouse click, particularly useful for scalpers and high-frequency traders.
Built-in Indicators and Analytical Tools
MT5 comes with a wide range of built-in technical indicators and analytical tools, empowering traders to conduct comprehensive technical analysis directly on the platform.
Technical Analysis Tools
In addition to built-in indicators, MT5 provides a vast library of technical analysis tools and objects, empowering traders to conduct thorough analysis and make informed trading decisions based on their unique trading strategies.