MT5 Metal Trading Platform Setup

MT5 Metal Trading Platform Guide for Beginners

If you want to learn how to setup the MT5 metal platform this metals trading guide explains metal trading step by step guide on how to setup MT5 Metals Trading Platform for beginners with examples - Metals MT5 Software Setup - MetaTrader 5 Metals Trading Platform Guide for Beginners.

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

The MetaTrader 5 metal trading software for metals trading is provided for free by metal trading brokers. This MT5 software looks like the metal examples illustrated & described below:

Learn MetaTrader 5 Platform - MT5 Metals Trading Platform Setup

Main Areas of this MT5 metal 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 Metals Trading Software Set Up lesson we shall look at a brief introduction for each of these:

1. MT5 Navigation Menus MT5 Metals Trading Platform Setup

The MT5 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 which can be used to navigate the MT5 metal software. As a metals trading beginner you can start by just clicking any of these MT5 metal trading platform navigation menus to familiarize yourself with various buttons that are arranged as sub menus within these navigation menus.

These MetaTrader 5 metal trading platform navigation menus will be discussed in details in the next MetaTrader5 setup tutorials about navigation menus - MetaTrader 5 Metals Trading Platform Guide for Beginners.

2. MT5 Tool Bars MT5 Metals Trading Platform Setup

The MT5 tool-bars are used to manipulate metals charts, either by placing technical metal indicators, line studies, change metal chart timeframes and load an MT4 template from a list of saved templates on the MT5 platform.

These MetaTrader 5 tool bars will be discussed on other MT5 metals trading software setup tutorials which will outline each button on this tool bar and how to add and customize these MT5 tool bars - Metals Trading MetaTrader 5 Platform Setup Guide.

3. MT5 Metals Chart Window MT5 Metals Platform Setup - MT5 Metals Software Tutorial for Beginner Traders - MetaTrader 5 Metals Platform Tutorial Course

MT5 Metals Chart Panel is the main area where metal charts are displayed and one-can analyze the metals trend direction of a metals chart whether up or down, place metals indicators for technical analysis & even place trading orders from these metal charts - MT5 Trading Strategy Setup.

5. MT5 Navigator MT5 Metals Platform Setup - MT5 Metals Software Tutorial for Beginner Traders - Metals MT5 Software Setup

MT5 Navigator will contain information about metal trading accounts, whether practice metals trading account or real account, this window will also have a list of all the MT5 indicators as well as EAs and scripts.

A trader can select which MT5 metal account to login by expanding the Accounts menu, choose a metals chart indicator by expanding the MT5 indicator menu or choose an Automated Metals Trading EA by expanding the MT5 EA menu - MetaTrader 5 Metals Trading Platform Guide for Beginners.

5. MT5 Market Watch MT5 Metals Trading Platform Setup

MT5 Market watch is used to show streaming quotes for metals. This can list as many quotes provided by your metals broker or a few selected by a metals trader. To save internet bandwidth, right click inside the metal market watch window and select 'Hide All', so as to hide the MT4 symbols that you are not transacting and save on internet bandwidth.

6. MT5 Terminal MT5 Metals Trading Platform Setup

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

This will also list all open trade transactions & calculate all the profit and loss in realtime as the metals prices move in an upward or downwards direction.

7. MT5 Connection Bar MT5 Metals Trading Platform Setup

Red bars are for no connectivity, green bars show that there is connectivity to the servers & trade orders can be set. These MT5 connection bars should always be green when one logged into their demo metals trading account or real account.

These main areas form the MT5 Metals Trading Platform Setup tutorial and will be the main areas to be covered in detail in the next learn MT5 metal platform guides. For now it is best to download MT5 software and familiarize yourself with the MT5 metals trading software interface.

Why MT5 Metal Platform is Required for Placing Metal Trade Transactions with Brokers

MetaTrader 5 metal platform is software that's used to access the metal market & interpret these metals price movements using technical analysis. There are various reasons why a trader requires to use a good metals trading platform. A good metals trading platform can determine if a as a trader you make a 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 which will connect to the trading servers of their metal trading broker & allow them to open and close orders. Good metals trading softwares will connect with ease to the brokers' servers and allow traders to place orders at any time from their desk top PC computer.

To analyze metals charts using technical analysis

To open buy or sell order a trader needs to first interpret the direction of metals. This is why all good metals trading softwares provide technical tools such as metals price charts, technical indicators & various different time frames from which one-can analyze metals price moves using the chart time-frames of their choice.

MT5 Metal Trading Platform Setup

From above MT5 metal platform interface, the summary of all information required by a trader is provided on this MT5 interface

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

MT5 Metals Trading Software Setup