MetaTrader 5 Software - MetaTrader 5 Stock Platforms - MT5 Trading Platforms
MetaTrader 5 Stock Charts - MT5 Stock Trading Platform Trading & Orders
If you want to learn how to setup MT5 software this stock tutorial explains the step by step tutorial on how to setup MT5 for beginners with example - Stock Get to Know Your MT5 Platform - Get to Know Your MetaTrader 5 Trading Platform.
The following example below shows the main MetaTrader 5 stocks software interface. As a beginner stock trader trying to learn how to execute orders in online stock market, the main stock tool for trading the market is the MetaTrader 5 stock platform software. This is the software which you'll connect to your stock broker with and execute stocks transactions & monitor your stocks trading account balance.
The MT5 software for trading stock is provided for free by stocks brokers. This MT5 software looks like the examples below:
Learn MetaTrader 5 Platform
Main Areas of this MT5 platform as illustrated above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator
- Market Watch
- Terminal
- Connection Bars
For this MT5 Setup tutorial we shall look at a brief introduction for each of these:
1. MetaTrader 5 Navigation Menus Get to Know Your MetaTrader 5 Platform
The MT5 navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These MetaTrader 5 menus are main navigation menus that can be used to navigate MT5 platform software. As a stock beginner you can begin by just clicking on any of these MT5 platform navigation menus to familiarize yourself with various buttons that are arranged as submenus within these navigation menus.
These MetaTrader 5 platform navigation menus will be explained and discussed in details in the next MT5 setup tutorials about navigation menus - Get to Learn Your MetaTrader 5 Trading Platform.
2. MetaTrader 5 Tool-Bars MT5 Setup
The MetaTrader 5 toolbars are used to manipulate stock charts, either by placing technical stock indicators, line studies, change stock chart timeframes and load an MT4 template from a list of saved templates on the MT5 platform.
These MT5 tool bars will be discussed on other MetaTrader 5 setup tutorials which will outline each button on this tool bar and how to add and customize these MetaTrader 5 tool bars - Stock MT5 Platform Setup Tutorial.
3. MT5 Chart Window MetaTrader 5 Setup
MT5 Chart Window Panel is the main area where stock charts are displayed and one-can analyze the stock trend direction of a stock chart whether up or down, place stock indicators for technical analysis and even place trading orders from these stock charts - Get to Know Your MT5 Trading Platform.
5. MT5 Navigator MetaTrader 5 Setup
MT5 Navigator will contain data about stock accounts, whether practice account or real account, this window will also have a list of all the MT5 indicators as well as Expert-Advisors and scripts.
A trader can select which MetaTrader 5 stocks account to sign in by expanding the Accounts menu, choose a stock chart indicator by expanding MetaTrader 5 indicator menu or select an Automated Expert Advisor by expanding MetaTrader 5 Expert Advisor menu - Get to Know Your MetaTrader 5 Platform.
5. MT5 Market Watch MetaTrader 5 Setup
MetaTrader 5 Market watch is used to show streaming quotes for stock currency pairs. This can list as many quotes provided by your Stock broker or a few chosen by a stock trader. To save inter-net bandwidth, right click inside the market watch window panel and select "Hide All", so as to hide the currencies that you are not transacting & save on inter-net bandwidth.
6. MT5 Terminal MetaTrader 5 Setup
This is the window panel that is like the bank account trade area for your stock currency transactions, on this window you can view your balance, profit & losses statement, equity, margin used also retrieve a copy of all your stock trades transactions history.
This will also list all open trades and calculate all the profit & loss in realtime as a currencies move up or down.
7. MT5 Connection Bar MT5 Setup
Red bars are for no connectivity, green bars show that there's connectivity to the servers & trade orders can be set. These MT5 connection bars should always be green when one logged into their practice account or real account.
These main areas form the MT5 Platform Setup tutorial & will be the main areas to be covered in detail in the next learn MT5 platform tutorials. For now it is best to download MT5 platform and familiarize yourself with the MetaTrader 5stocks trading software interface.
Why MetaTrader 5 Stock Software is Required for Placing Trade Transactions with Brokers
MT5 Stock platform is software that is used to access the currency market and analyze these currencies using technical analysis. There are various reasons why a trader requires to use a good stocks platform. A good stocks 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 a order when trading online a trader needs to use a trading software which will connect to the trading servers of their stock broker & allow them to open and close orders. Good stocks trading platforms will connect with ease to the brokers' servers & allow traders to place orders at any time from desktop PC computer.
To analyze stock charts and currencies using technical analysis
To open buy or sell order a trader needs to first interpret the direction of a currency pair. This is why all good stock trading softwares provide technical tools such as price charts, indicators & various different time frames from which one-can analyze price moves using the chart timeframes of their choice.
MT5 Stock Trading Platform Setup
From above MT5 platform inter-face, the summary of all information required by a trader is provided on this MetaTrader 5 interface
- Connection - connection to the stock trading expert broker servers
- Stock Trading Charts - price stock charts that display prices
- Toolbars - toolbars to add tools and technical analysis stock indicators
- Market Watch - for displaying available financial instruments
- Data window - provides stock account information & other technical stock technical indicator data
- Exchange rates - shows current market price of a currency pair
- Menu bar - Shows all menu items on MT5 software
MT5 Stock Trading Platform Setup
