Trade Stock Indices

Platform MT5 Setup for Windows - Software MT5 Platform Software

Can I Trade with MetaTrader 5? - Platform MT5

If you want to learn how to setup MT5 platform this tutorial explains the step by step tutorial on how to setup MetaTrader 5 for beginners with examples - Stock Indices Get to Know Your MetaTrader 5 Platform - Get to Know Your MetaTrader 5 Software.

The following example below shows the main MT5 inter-face. As a beginner stock trader trying to learn how to execute orders in online market, the main tool for transacting the market is MetaTrader 5 software. This is the trading software that you will connect to your stock broker with & execute transactions and monitor your stock account equity balance.

The MetaTrader 5 platform for trading stock indices is offered for free by online brokers. This MT5 looks like the examples below:

Stock Indices MT5 Software - Indices MT5 Software MT5 - Indices MT5 Software PDF

Learn MT5 Platform Software

Main Areas of this MT5 software as illustrated above are:

  1. Navigation Menus
  2. Tool Bars
  3. Chart Window
  4. Navigator
  5. MarketWatch
  6. Terminal
  7. Connection Bars

For this MT5 Setup lesson we shall look at a brief introduction for each of these:

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

The MetaTrader 5 navigation menus are:

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

These MT5 menus are the main navigating menus which can be used to navigate the MT5 software. As a stock beginner trader you can begin by just pressing on any of these MT5 software navigation menus to familiarize yourself with the various buttons that are grouped as submenus within these navigation menus.

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

2. MT5 Tool-Bars MT5 Setup

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

The MT5 tool bars will be discussed on other MetaTrader 5 setup guides which will outline each button key on this tool bar & how to add and customize these MetaTrader 5 tool bars - Stock Indices MetaTrader 5 Platform Setup Tutorial.

3. MT5 Chart Panel MetaTrader 5 Setup

MT5 Chart Window is the main area where charts are portrayed and one can analyze the trend direction of a stock chart whether upward or downward, place indicators for trading analysis and even place trade orders from these trade charts - Get to Know Your MT5 Platform Software.

5. MT5 Navigator MT5 Setup

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

One can choose which MT5 stock account to log in by expanding the Accounts menu, choose a chart technical indicator by expanding MT5 indicator menu or choose an Automated EA by expanding the MT5 EA menu - Get to Know Your MT5 Platform Software.

5. MT5 Market Watch MetaTrader 5 Setup

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

6. MT5 Terminal MetaTrader 5 Setup

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

This also will listing all open trades and calculate all the profit & loss in real time as a currencies move upwards or downward.

7. MT5 Connection Bar MT5 Setup

Red bars are for no connectivity, green bars show that there's connection to the servers and trading orders can be set. These MT5 connection bars should always be green when one logged in to their practice trading account or real account.

The main levels form the MT5 Platform Setup tutorial and will be the main levels to be covered in detail in the next learn MT5 platform courses. For now it's best to download MT5 software and enlighten yourself with the MetaTrader 5stock software interface.

Why MT5 Platform is Required for Opening Transactions with Online Brokers

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

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

To connect to the Server:

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

To analyze charts and currencies using technical analysis

To open a buy/sell order one needs to first interpret direction of a quote. This is why all good stock platforms provide technical tools for example price charts, indicators & various different timeframes from which one-can interpret price moves using the time frame of their choice.

Index MT5 Software - Indices MT5 Platform MT5 - Indices MT5 Software Tutorial

MT5 Software Setup

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

  • Connection - connectivity to the broker servers
  • Charts - price charts that display prices
  • Toolbars - toolbars to add tools & analysis trading indicators
  • Market Watch - for displaying available financial instruments
  • Data window - provides account info and other trading indicator data
  • Exchange rates - displays the prevailing market price of a trading symbol
  • Menu bar - Shows all menu items on MT5 software

MetaTrader 5 Setup

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