I am new to meta trader 5. I have downloaded and opened a demo account with metaquotes. I am able to see the charts for metals (Gold and Silver) but unable to place an order. Is there any seeting I need to change to enable that?
I do not know ... because demo accounts are for practicing only, and MetaQuotes company is not a broker so I think - Gold trading for practicing does not need to be allowed for MetaQuotes demo.
You can select the broker and open demo with them using same installed instance of MT5 (there are a lot of brokers). Example - I opened sell for Gold now: