MT5 Software - MT5 Platform Softwares - MT5 Software Platforms

MT5 Charts - MT5 Platform Software Trading & Orders

If you want to learn how to set-up MetaTrader 5 software this lesson explains the step-by-step lesson on how to setup MetaTrader 5 for beginners with examples - Stock Index Get to Know Your MetaTrader 5 Software Platform - Get to Know Your MetaTrader 5 Software.

The following example below indicates the main MT5 inter-face. As a beginner trader trying to learn how to execute orders in online trading market, the main indices tool for trading the market is MetaTrader 5 platform. This is the software which you'll connect to your broker with & execute transactions & monitor your trading equity balance.

The MetaTrader 5 software for trading indices is offered for free by online brokers. This MetaTrader 5 resembles the exemplifications below:

Learn MT5 Software Platform

Main Areas of this MetaTrader 5 software as illustrated above are:

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

For this MetaTrader 5 Setup guide we shall look at a brief introduction for each of these:

1. MT5 Navigation Menus Get to Know Your MetaTrader 5 Software Platform

The MT5 navigating menus are:

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

These MetaTrader 5 menus are the main navigating menus that can be used to navigate the MetaTrader 5 software. As a beginner trader you as a stock indices trader can begin by just pressing on any of these MetaTrader 5 software navigation menus to accustom yourself with the various buttons that are grouped as submenus within these navigation menus.

The MT5 software navigating menus will be elaborated & covered in details and particulars in the next MT5 setup guides about navigation menus - Get to Know Your MetaTrader 5 Software.

2. MT5 Tool Bars MetaTrader 5 Setup

The MT5 toolbars are used to manipulate charts, either by setting indicators, line studies, change chart time frames and load an MetaTrader 4 template from a listing of saved templates on the MetaTrader 5 software.

The MT5 tool bars will be discussed on other MetaTrader 5 setup guides that will outline each button on this tool-bar & how to add and customize these MetaTrader 5 tool-bars - Stock Index MetaTrader 5 Software Platform Setup Guide.

3. MT5 Chart Panel MetaTrader 5 Setup

MetaTrader 5 Chart Window is the main area where charts are portrayed and one can analyze and interpret the trend direction of a trading chart whether upward/downward, place indicators for technical analysis & even place trade orders from these trade charts - Get to Know Your MetaTrader 5 Software Platform.

5. MT5 Navigator MetaTrader 5 Setup

MetaTrader 5 Navigator will contain information about accounts, whether practice trade account or live account, this window also will have a listing of all the MT5 indicators and also Expert Advisors and scripts.

One can choose which MT5 account to sign in by expanding the Accounts menu, choose a chart technical indicator by expanding MetaTrader 5 indicator menu or choose an Automated Expert Advisor by expanding MetaTrader 5 Automated Expert Advisor menu - Get to Know Your MetaTrader 5 Software.

5. MT5 Market Watch MetaTrader 5 Setup

MetaTrader 5 Market Watch is used to show streaming quotes for trading quotes. This can listing as many symbols that are provided by your broker or a few selected by the trader. To save inter-net band width, right-click inside the market-watch window & choose "Hide All", to hide the currencies that you are not transacting & save on inter-net band width.

6. MT5 Terminal MT5 Setup

This is panel that is like the bank account trade area for your stock trade positions, on this panel you as a stock indices trader can view your equity balance, profit and losses statement, equity, margin used & also generate a copy of all your stock trade positions history.

This will also list all open trades & calculate all the profit and loss in real-time as the currencies move upward or down.

7. MT5 Connection Bar MetaTrader 5 Setup

Red bars are for no connection, green bars show that there's connection to the servers & trade orders can be set. These MetaTrader 5 connection bars should always be green color when a trader is signed in to their practice demo trade account or live account.

The main levels form the MetaTrader 5 Platform Software Setup tutorial and will be the main levels to be discussed in detail in next learn MetaTrader 5 software courses. For now it is best to download MetaTrader 5 software & enlighten yourself with the MetaTrader 5 trading software workspace.

Why MT5 Stock Platform is Required for Placing and Opening Trade Transactions with Online Brokers

MT5 platform is the platform which's used to access the market & interpret these currencies using analysis. There are various explanations why one requires to use a good platform. A good stocks software can determine if a as a indices trader you earn profit or not.

So why does a stock indices trader need a good platform:

To connect to the trading Server:

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

To analyze charts & currencies using trading analysis

To open a buy/sell order a trader first needs to interpret direction of a quote. This is why all good platforms provide technical analysis tools such as and like price charts, indicators & various different time frames from which trader can interpret price movements using the chart time frames of their choice.

MetaTrader 5 Software Setup

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

• Connection - connection to the online broker servers
• Charts - price charts that display the prices
• Toolbars - toolbars to add tools & analysis technical indicators
• Market Watch - for displaying available financial instruments
• Data window - provides trading account info & other indicator data
• Exchange rates - shows prevailing market price of a trading symbol
• Menu bar - Shows all menu items on MetaTrader 5 software

MetaTrader 5 Software Setup

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• Calculate Value of 1 Pips for SMI 20 Indices
• How Can I Analyze Trend Analysis in Trading Chart Technical Analysis?
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• How to Use MetaTrader 4 Index Platform/Software for Beginner Traders