Why do you need an mql5 account in metatrader and is it worth registering?
Today, one of the most popular programs for stock trading is the metatrader trading platform of the fourth and fifth versions.
Metatrader has gained particular popularity not only due to its wide functionality and the ability to create new scripts.
But also because the trading platform, in addition to its main function, organizing trading, also represents a community of traders.
Beginners often don’t understand why they need to register an account in the mql5 community, because everything works that way. Therefore, we will try to figure out what advantages such registration provides and how it goes.
To do this, just launch the metatrader and click on the button in the form of a message in the upper right corner of the trading platform:
After the window with login parameters opens, select “If you don’t have an account, register” at the very bottom and enter your invented login and working email in the new window:
An activation letter and password for the account you opened in the mql5 community will be sent to your mailbox. The password can be changed later in the account settings.
What is an account used for in mql5?
And now we can move on to the most important question - what is this account for, and what advantages does it give to its owner?
Having an account further expands the capabilities of the metatrader trading platform; after registration, the following functions will be available to you:
Signals in the trading platform - thanks to this function, you can either subscribe to paid or free signals for opening trades, or make money yourself by supplying these signals.
Using the Market - in order to download scripts from the Market, you also need to be registered in mql5. After this, you have access not only to download thousands of different scripts, but also the opportunity to ask questions to their developers.
MQL5 Cloud Network – allows you to receive money for using the power of your computer, great for those who have a powerful computer and inexpensive electricity:
Access to the forum and freelancing - provides the opportunity to participate in discussions, place orders for the creation of robots or indicators, and also sell your services yourself.
That is, we can say that registration in mql5 is indeed a useful and necessary step, it does not oblige you to anything, and at the same time it opens up new opportunities for the metatrader trading platform to the fullest.