MQL5 Tutorial Step 2 – Install MQL5 and Metatrader5

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Okay we have already found the download site for the Meta Trader 5, and now you should see this little mt5setup.exe file here, if you don’t please go to your download folder, right click on it and start it in administrative mode.

Now you should see the screen with the terms and conditions.

I will install the 64 bit version here. I have to agree to the license and I will change the settings.

Now you can adjust your installation folder and I will remove this mark, because I don’t want my browser to pop up after the installation is finished.

Let’s click on continue and MetaTrader5 is starting to download files, depending on your bandwidth that might take a little while.

After all the files have been downloaded, please click on finish.

And now nothing happens for about thirty seconds and suddenly you will see this window where you can get a free demo account for Meta Trader5 and because this is the default option I guess that most people will take this demo account here, but I’m a little bit suspicious.

So I want to set up my own broker account. In the past I have made bad experiences with several brokers.

So I would like to have somebody I trust, even for my demo account and you might prefer that too because once your demo account is profitable and successful, it will be a real pain to switch the broker and to start all the testing from the beginning.

So in the next video we are going to set up an independent demo account and connect it to the MetaTrader5 environment.

Not sure what to do? Click on the automated trading assistant below