MT5 for iOS: Trading on the Go
With MT5 for iOS, you can trade directly from your iPhone or iPad, keeping you connected to the Forex market wherever you are. This guide will walk you through everything you need to know, from downloading the app to managing your trades seamlessly. Let’s get started!
Downloading and Logging into MT5
Begin by downloading the MT5 app from the App Store. Once the installation is complete, open the app, and you’ll see the login screen. Enter your trading account credentials, including your account ID, password, and the server details provided by your broker.
If you’re trading with Fx-k, you can find the trading account number in the Client Portal under the MT5 tab. The password and server details are sent via email when you create your account. In case you’ve misplaced your credentials, simply email [email protected] for assistance.
Adding a Trading Account
Open MT5 and select Settings. Tap “New Account” and enter the server name you have received via email in the search bar. Select the trading server appropriate for your trading account. Enter your trading account’s number and trading account password, then tap “Sign In.”
Switching Between Accounts
Launch the MT5 app and navigate to the Settings menu. At the top of the page, tap the arrow next to the currently displayed account. This will show you a list of all accounts logged into the app. Select the account you wish to use, and MT5 will automatically switch to that trading account.
Adding, Removing, and Reordering Instruments
To customize your Market Watch list, navigate to the “Quotes” section from the menu:
- Adding an instrument: Use the search bar to access a list of all available trading instrument groups. Locate the instrument you wish to add and tap the “+” icon next to it. This will immediately add the instrument to your Quotes list.
- Removing an instrument: Tap the pencil icon and select the instrument you want to remove, and tap the delete icon.
- Reordering instruments: Use the drag-and-drop feature by tapping on the icon on the right of the instruments to rearrange them in your preferred order.
For example, if you frequently trade EUR/USD and GBP/USD, you can place them at the top of your list for easy access.
Opening Orders
To open a trade, go to the Quotes section, tap on the instrument you want to trade, and select “trade.” Set the trade size, stop-loss, and take-profit levels before executing your order.
For instance, if you expect EUR/USD to rise, choose “Buy” to go long. If you think it will drop, select “Sell” to go short. Once the order is placed, you can monitor it in the “Trade” tab.
Closing or Modifying Orders
To close or modify an open order, go to the “Trade” tab. Tap on the order you wish to manage. You’ll see options to close or modify it. Adjust the stop-loss or take-profit levels if needed, then save your changes. To close the order, tap “Close position” and confirm your action by tapping on “close”.
Pending Orders
Pending orders let you set up trades that trigger when the market reaches a specific price.
- Open the app and navigate to the “Trade” section.
- Select the execution type shown and choose the option for a pending order from the list.
- Once you choose a pending order, configure the necessary settings as follows:
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- Order Volume
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- Specify the price at which the pending order will activate (for Buy Stop Limit and Sell Stop Limit orders, an additional activation price is required)
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- Stop Loss (optional)
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- Take Profit (optional)
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- Expiration
For example, if you expect GBP/USD to drop to 1.2000 before climbing, you can set a Buy Limit order at 1.2000, ensuring the trade executes automatically at that price.
Következtetés
MT5 for iOS is a versatile and user-friendly app that allows you to trade Forex anytime, anywhere. By learning how to log in, manage accounts, and handle orders, you can stay in control of your trades even while on the move. In the next lesson, we’ll discuss setting up a demo account and why practicing before live trading is essential. Keep learning and growing—you’re doing great!