Can you trade stocks using the popular MetaTrader 5 platform?
Stocks are considered accessible and attractive instruments by many traders, simply because many brokers cover these assets. At the same time, some traders are not so familiar with more “complex” assets like bonds, which shows that many traders, especially novices, are looking for simplicity.
Fiat currencies continue to lose purchasing power, so if you trade regularly, you should consider ways to protect your capital. Stock trading is convenient, but is it as accessible as it seems? Do major trading platforms, such as MetaTrader 5, allow stock trading?
Stocks on the rise
The answer to this question is a clear “yes” – and that’s good news. The past few weeks have seen global equities make an impressive comeback. After several months of underperformance, driven by strong fears of inflation, the normalization of monetary policy, rising commodity prices and the latest conflict between Ukraine and Russia, equities are again very requested.
Short sellers are squeezed out of the market, causing valuations to rise rapidly. Apple stock, for example, is up 11 straight gains. Other tech names like Amazon, Google, Facebook and Tesla are also up, although the growing sector is widely expected to perform poorly at a time of rising interest rates.
Some say this is a bearish rally, while others suggest that stocks could continue to rise in the coming months, given that real interest rates are still deep in negative territory. The good news for you, however, is that these assets remain heavily traded, so plenty of opportunities may arise down the road.
Reputable brokers offering MT5
First, you need to choose a broker that covers the popular MetaTrader 5. This shouldn’t be difficult though, as the number of reputable brands currently offering access to this platform is increasing, and one of the latest names to do the same goes for easyMarkets.
Recent news from the company indicates that the already solid selection of platforms continues to be expanded. The recently added MT5 platform comes on top of its proprietary web and mobile software, MT4 and TradingView. With its MetaTrader 5 integration, easyMarkets now offers clients access to variable spreads and competitive margin requirements.
MT5 is an upgraded version of the popular MT4 and is a multi-asset trading platform. You can easily trade global stocks on MT5, largely due to the range of trading tools available.
Find your way with trading tools
When uncertainty rises, traders should monitor different variables, such as volatility, interest rate spreads, outperforming sectors, geopolitical developments and others.
More often than not, these are subjective factors that can be interpreted differently by each trader. While it can add risk to the equation, technical analysis can complement fundamental analysis and remove some of that subjectivity.
With MetaTrader 5 you get access to dozens of built-in indicators, multiple timeframes, a strategy tester and many other resources. It is possible to open up to 100 charts simultaneously, drawing indicators according to your strategy.
Access to the MQL5 programming language allows you to design Expert Advisors, while also providing the ability to purchase EAs from the community. Automating the trading process is something many traders think about these days.