Introduction to MT5 Interface

The following screen shot below displays the main MT5 inter-face. As a beginner trader trying to learn how to execute stock orders in the online stock market, the main trading tool for trading the stock trading market is the MetaTrader 5 platform software. This MetaTrader 5 platform is the software which you'll connect to your broker with & execute trade positions & monitor your MT5 account balance from this MetaTrader 5 platform.

The MetaTrader 5 Platform software is provided for free through the various different broker websites. This MetaTrader 5 platform looks like the stock illustration explained below:

Main Areas of this MetaTrader 5 platform just as is illustrated and shown above are:

1. MT5 Navigation Menus
2. ToolBars
3. MetaTrader 5 Chart Window
4. MetaTrader 5 Navigator Panel
5. MT5 MarketWatch Window
6. MetaTrader 5 Terminal
7. MT5 Connection Bars

For this MetaTrader 5 tutorial we shall look at a brief intro for each of the learn MT5 Platform:

1. Navigation Menus

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 are the main MT5 navigation menus which can be used to navigate MetaTrader 5 platform. As a beginner you as a trader can begin by clicking any of these MetaTrader 5 navigation menus to accustom yourself with the various MetaTrader 5 button keys which are arranged as MT5 sub-menus within these MetaTrader 5 navigation menus.

These MetaTrader 5 navigation menus will be discussed and covered & discussed/explained in details in the next MetaTrader 5 guides about navigating menus.

2. Tool-bars

The MT5 toolbars are used to manipulate MT5 charts, either by placing MetaTrader 5 indicators, MT5 line studies, change MetaTrader 5 chart time frames & load MetaTrader 5 chart template from a list of saved MetaTrader 5 chart templates.

These MetaTrader 5 toolbars will be discussed on other MT5 guides that will outline each MT5 button on this MT5 toolbar & how to add & customize these MetaTrader 5 toolbars.

3. Chart Panel Window

This MT5 chart window is the main area where MT5 charts are portrayed and a indices trader can analyze the trend direction of a MetaTrader 5 chart whether upward or downward, place MetaTrader 5 chart indicators for stock trading analysis & even place orders from these MT5 charts.

4. Navigator

MT5 Navigator will contain data about MetaTrader 5 accounts, whether practice demo or real, this MetaTrader 5 window will also have a list of all the MT5 indicators and also MetaTrader 5 Automated Expert Advisors/EAs & scripts.

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

5. Market-Watch

MetaTrader 5 MarketWatch is used to display realtime stock quotes for MT5 instruments. This can listing as many symbols offered by your MT5 broker or few chosen by a trader. To save inter net band width, right-click inside the MetaTrader 5 marketwatch window and select and choose 'Hide All', in order to hide the MetaTrader 4 symbols that you are not transacting on this MetaTrader 5 Platform & save on inter-net bandwidth.

6. Terminal

This is the MetaTrader 5 window that is like the bank MT5 account trade area for your MT5 trades, on this MetaTrader 5 window you as a trader can view your MT5 account balance, profit and losses statement, equity, margin used & also retrieve a copy of all your MT5 trades history.

This MetaTrader 5 window will also list all open trades & calculate all the profit and loss in realtime as a charts move upward/downward.

7. Connectivity Bar

MetaTrader 5 connection bars - Red bars are for no connection, green bars show that there's connectivity to the servers & MetaTrader 5 trading orders can be opened. These MetaTrader 5 connection status bars should always be green color when one is signed in to their MT5 demo MetaTrader 5 account or MT5 real account.

These MetaTrader 5 main levels form the MetaTrader 5 Platform Software interface & will be the main levels to be discussed in detail in the next learn MT5 tutorials. For now it is best to download MetaTrader 5 Platform software & enlighten yourself with the MetaTrader 5 platform inter-face.

Why Platform is Required for Opening indices trading Trade Positions with Brokers

Platform is software that's used to access the stock market & interpret and analyze these stock price movements using stock charts & stock technical analysis tools. There are various different grounds why a trader requires to use a good platform. A good software can determine if a as a indices trader you make profit or not.

So why does a indices trader need a good Platform Software:

To connect to the Online Broker Server:

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

To analyze & interpret charts using stock trading analysis tools

To open a buy/sell order a trader needs to first analyze the direction of indices using stock charts. This is why all good trading softwares provide stock trade tools such as and like stock price charts, indicators & various different chart time frames from which one-can analyze stock price movements using the stock chart time frames of their choice.

From the above platform work-space, summary of all information required by a trader is provided on this MetaTrader 5 Software inter-face

• Connection - connection to the broker servers
• Charts - price graphs that display prices
• Toolbars - MetaTrader 5 toolbars to add tools & stock technical analysis indicators on charts
• Market Watch - for displaying available financial instruments in MT5
• Data panel - provides MetaTrader 5 account data & other trading indicator data
• Exchange rates - shows current market stock price on a chart
• Menu bar - Shows all menu items on MT5 Platform

More Lessons and Tutorials & Topics:

• MT4 Demo Index App
• Desktop Stock Indices Trade Platform/Software for PC
• DeMark Range Extension Stock Indices Indices Trading Indicator Analysis
• MACD Stock Indices Technical Analysis Buy & Sell Indices Signals Generation
• Triple Exponential Average Indices Indicator Technical Analysis
• Stock Index Education Topics
• Best Strategy to SP500 Course Tutorial
• Learn How to Trade IBEX35 Stock Indices
• Momentum Index Indicator Analysis
• How Can I Open a Index Practice Trade Account?