MT5 Commodity Trading Platform Setup

MT5 Commodity Platform Tutorial for Beginners

If you want to learn how to set-up the MT5 commodities trading platform this commodity tutorial guide explains the commodity step by step guide on how to setup MT5 Commodities Trading Platform for beginners with examples - Commodities MT5 Platform Setup - MT5 Commodities Platform Tutorial for Beginners.

The following example illustrated and explained below shows the main MT5 commodities software inter-face. As a beginner commodity trader trying to learn how to execute orders in the online commodity market, the main commodity tool for trading the commodity market is the MT5 commodities software. This is the commodity software that you will connect to your commodity broker with and execute commodity transactions and monitor your commodity account balance.

The MT5 commodities trading software for trading commodity is provided for free by commodity brokers. This MT5 software looks like the commodity example illustrated and explained below:

Learn MT5 Commodity Software - MT5 Commodity Trading Platform Setup

The Main Areas of this MT5 commodities trading software as illustrated above are:

1. Navigation Menus
2. Toolbars
3. Chart Window
4. Navigator
5. Market Watch
6. Terminal
7. Connection Bars

For this MT5 Commodities Trading Software Setup course we shall look at a brief introduction for each of these:

1. MT5 Navigation Menus MT5 Commodities Trading Platform Setup

The MetaTrader 5 navigation menus are:

1. File
2. View
3. Insert
4. Charts
5. Tools
6. Window
7. Help

These MetaTrader 5 menus are main navigation menus that can be used to navigate MT5 commodities software. As a commodity beginner you can start by just clicking any of these MT5 commodities trading software navigation menus to familiarize yourself with various button keys which are arranged as sub menus within these navigation menus.

These MT5 commodities trading platform navigation menus will be discussed in details in the next MetaTrader5 setup tutorials about navigation menus - MT5 Commodity Platform Tutorial for Beginners.

2. MT5 Tool Bars MT5 Commodity Trading Platform Setup

The MT5 toolbars are used to manipulate commodity charts, either by placing technical commodity indicators, line studies, change commodity chart time frames and load an MT4 template from a list of saved templates on the MT5 platform.

These MT5 tool bars will be discussed on other MT5 software setup tutorials that will outline each button on this tool bar and how to add and customize these MT5 tool bars - Commodities MetaTrader 5 Platform Setup Tutorial.

3. MT5 Commodities Trading Chart Window MT5 Commodities Trading Software Setup - MT5 Commodities Platform Tutorial for Beginner Commodity Traders - MT5 Commodity Trading Platform Guide Tutorial

MT5 Commodities Trading Chart Panel is the main area where commodity charts are displayed & trader can analyze the commodity trend direction of a commodity chart whether up or down, place commodity indicators for technical analysis & even place trading orders from these commodity charts - MetaTrader 5 Trading Strategy Setup.

5. MT5 Navigator MT5 Commodity Trading Software Setup - MT5 Commodities Software Lesson for Beginner Traders - Commodities MT5 Platform Setup

MetaTrader 5 Navigator will contain data about commodity accounts, whether demo commodity account or real account, this window will also have a list of all the MT5 commodities trading technical indicators as well as EAs and scripts.

A trader can select which MT5 commodity account to login by expanding the Accounts menu, choose a commodity chart indicator by expanding the MT5 indicator menu or choose an Automated Commodities Expert Advisor by expanding the MT5 Expert Advisor menu - MT5 Commodities Platform Tutorial for Beginners.

5. MT5 Market Watch MT5 Commodity Trading Platform Setup

MT5 Market watch is used to show streaming quotes for commodity instruments. This can list as many quotes provided by your commodity broker or a few chosen by a commodity trader. To save inter-net band width, right-click inside the commodity market watch window and select 'Hide All', so as to hide the MT4 symbols that you are not transacting and save on inter-net band width.

6. MT5 Terminal MT5 Commodity Trading Platform Setup

This is the panel that's like the bank account trade area for your commodity trades, on this window panel you can view your balance, profit & losses statement, equity, margin used also retrieve a copy of all your commodities trades transactions history.

This will also list all open trades and calculate all the profit and loss in realtime as the commodities prices move upward or downward.

7. MT5 Connection Bar MT5 Commodities Trading Platform Setup

Red bars are for no connection, green bars show that there's connectivity to the servers & trade orders can be placed. These MT5 connection bars should always be green when one logged into their demo commodity account or live account.

These main areas form the MT5 Commodities Trading Platform Setup tutorial and will be the main areas to be covered in detail in next learn MT5 commodities trading platform tutorials. For now it's best to download MT5 software and familiarize yourself with the MT5 software interface.

Why MetaTrader 5 Commodities Platform is Required for Placing Commodities Trade Transactions with Brokers

MT5 commodities software is the software which is used to access the commodity market & analyze these commodities trading price movements using technical analysis. There are various reasons why a trader requires to use a good commodity platform. A good commodity platform can determine if a as a trader you make profit or not.

So why does a trader need a good platform:

To connect to the Trading Server:

To place an order when trading online a trader needs to use a platform that will connect to the trading servers of their commodity broker & allow them to open & close orders. Good commodity platforms will connect with ease to the brokers' servers & allow traders to place orders at any time from their PC desktop computer.

To analyze commodities charts using trading technical analysis

To place buy or sell order a trader needs to first analyze the direction of a commodity. This is why all good commodity platforms provide technical tools such as commodities trading price charts, technical indicators & various different timeframes from which one-can analyze commodities price moves using the chart timeframes of their choice.

MetaTrader 5 Commodity Trading Platform Setup

From above MT5 commodities trading platform inter-face, the summary of all data required by a trader is provided on this MetaTrader 5 interface

• Connection - connection to the broker servers
• Charts - commodities trading price charts that display commodities prices
• Toolbars - toolbars to add tools and technical analysis commodities trading indicators
• Market Watch - for displaying available financial instruments
• Data window - provides commodities trading account data & other technical commodities technical indicator data
• Exchange rates - shows current market commodities trading price on a commodities chart
• Menu bar - Shows all menu items on the MT5 platform

MetaTrader 5 Commodities Trading Platform Setup