Introduction to MT5 Platform Interface

The following screen shot below shows the main MT5 platform interface. As a beginner trader trying to learn how to execute orders in the online market, the main tool for trading the market is the MetaTrader 5 software software. This MT5 platform is the software which you will connect to your broker with & execute trade transactions and monitor your MT5 account balance from the MT5 software.

The Oil MT5 Software software is provided for free through the various crude broker sites. This MT5 platform looks like the example shown below:

Main Areas of this MT5 software as shown above are:

1. MetaTrader 5 Navigation Menus
2. Toolbars
3. MT5 Chart Window
4. MetaTrader 5 Navigator Window Panel
5. MetaTrader 5 Market Watch Window Panel
6. MetaTrader 5 Terminal
7. MetaTrader 5 Connection Bars

For this MT5 tutorial we shall look at a brief introduction for each of these learn MT5 Platform:

1. Navigation Menus

The MT5 navigation menus are:

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

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

The MT5 navigation menus will be discussed in details in the next MetaTrader 5 guides about navigation menus.

2. Tool-Bars

The MT5 tool bars are used to manipulate MT5 charts, either by placing MT5 indicators, MT5 line studies, change MT5 chart time frames and load MT5 chart template from a list of saved MT5 chart templates.

The MT5 tool bars will be discussed on other MetaTrader 5 tutorials which will outline each MetaTrader 5 button on this MetaTrader 5 tool bar and how to add and customize these MetaTrader 5 tool bars.

3. Chart Panel

This MT5 chart window is the main area where MT5 charts are portrayed & a trader can analyze the trend direction of a MT5 chart whether up or down, place MT5 chart indicators for analysis and even place orders from these MT5 crude charts.

4. Navigator

MetaTrader 5 Navigator will contain info about MT5 accounts, whether demo or real, this MT5 window will also have a list of all the MT5 indicators as well as MT5 Automated Automated Expert Advisors and scripts.

One can select which MT5 account to login by expanding the Accounts menu, choose an MT5 indicator by expanding the MT5 indicator menu or choose an MT5 Automated Crude Expert Advisor by expanding the Automated Automated Expert Advisor menu.

5. Market Watch

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

6. Terminal

This is the MT5 window that is like the bank MT5 account transaction area for your MT5 trade transactions, on this MT5 window you can view your MT5 account balance, profit and losses statement, equity, margin used also retrieve a copy of all your MT5 trade transactions history.

This MT5 window will also list all open trade transactions and calculate all the profit and loss in real-time as the charts move up or down.

7. Connection Bar

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

These MT5 Platform main areas form the MT5 Platform inter-face & will be the main areas to be discussed in detail in the next learn MT5 tutorials. For now it's best to download MT5 Platform software and familiarize yourself with the MT5 software interface.

Why Software is Required for Placing Crude Oil Transactions with Brokers

platform is software that's used to access the market and interpret these crude trading price movements using charts and oil analysis tools. There are various reasons why a trader requires to use a good platform. A good 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 Broker Server:

To place a trade order one needs to use a platform that will connect to the servers of their broker & this will allow them to open & close trade orders. Good platforms will connect with ease to the brokers' servers and allow crude traders to place orders at any time from their PC desktop computer.

To analyze charts using crude oil analysis tools

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

From the above platform interface, summary of all information required by a trader is provided on this MT5 Platform inter-face

• Connection - connection to the broker servers
• Charts - price graphs which display prices
• Toolbars - MT5 tool bars to add tools and oil analysis indicators on charts
• Market Watch - for displaying available financial instruments on MT5 Software
• Data window panel - provides MT5 account data & other indicator data
• Exchange rates - shows current market crude trading price on a chart
• Menu bar - Shows all menu items on the MT5 Software