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ren7ee
17
ren7ee  

Hi,

I'm new and am practicing with a demo. Is this site a brokerage? I see where we deposit and withdraw money, so is this site like Forex.com, et al?

Also, when I copy trades, am I able to close them out manually when it reaches enough profit for me, or is the closing set by the provider?

 

Thank you. 

Anderson Hupp
5869
Anderson Hupp  
ren7ee:

Hi,

I'm new and am practicing with a demo. Is this site a brokerage? I see where we deposit and withdraw money, so is this site like Forex.com, et al?

Also, when I copy trades, am I able to close them out manually when it reaches enough profit for me, or is the closing set by the provider?

 

Thank you. 

Hello,

You can find most of you need in this article: https://www.mql5.com/en/forum/11134 

Cheers!! 

How to Start with MT5, a summary !
How to Start with MT5, a summary !
  • www.mql5.com
For a general overview of changements and improvements in MT5 plateform, read MetaTrader 5 - More Than You Can Imagine! - - Category: general
ren7ee
17
ren7ee  
Anderson Hupp:

Hello,

You can find most of you need in this article: https://www.mql5.com/en/forum/11134 

Cheers!! 

Thank you. I see that I can close out trades now, but is this site a brokerage that we deposit funds to?

I'm currently registered with OandA but haven't funded my account there yet. Do we fund our accounts here and withdraw money from this site? 

Anderson Hupp
5869
Anderson Hupp  
ren7ee:

Thank you. I see that I can close out trades now, but is this site a brokerage that we deposit funds to?

I'm currently registered with OandA but haven't funded my account there yet. Do we fund our accounts here and withdraw money from this site? 

Hello,

The MQl5 it is not a broker. You can deposit funds in order to pay for products or signals.

You must have a broker account (just like the one you have) and deposit the funds you want to trade.

You have to download the MT4/MT5 platform log in with your MQL5 account and start following any signals you like. Or you can buy an EA from the market...

With time you will know the site better..

Cheers! 

ren7ee
17
ren7ee  
Anderson Hupp:

Hello,

The MQl5 it is not a broker. You can deposit funds in order to pay for products or signals.

You must have a broker account (just like the one you have) and deposit the funds you want to trade.

You have to download the MT4/MT5 platform log in with your MQL5 account and start following any signals you like. Or you can buy an EA from the market...

With time you will know the site better..

Cheers! 

Oh, I see. Thanks for the info. Btw, I've been trying out the copy feature and would like to know if we need to find a signal provider that matches what we want to trade?

For example, I'm opening an account with $200 and want to trade only the EUR/USD pair. Do I need to find a provider that only trades that pair, or can I copy a signal that has multiple pairs, then just close all the other trades on his/her list except the EUR/USD pair?

I appreciate you fast replies. Thank you. 

Anderson Hupp
5869
Anderson Hupp  
ren7ee:

Oh, I see. Thanks for the info. Btw, I've been trying out the copy feature and would like to know if we need to find a signal provider that matches what we want to trade?

For example, I'm opening an account with $200 and want to trade only the EUR/USD pair. Do I need to find a provider that only trades that pair, or can I copy a signal that has multiple pairs, then just close all the other trades on his/her list except the EUR/USD pair?

I appreciate you fast replies. Thank you. 

You won't be able to select the pairs you want to trade, you'll be receiving exactly the same trades the signal provider decide to take.

So I recommend you to choose the signal that suits you better. If you look carefully you will find signal that only trade EUR/USD.

Hope that helps! 

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