MT5 Indices Trading Platform Tutorial for Beginners
MT5 Indices Trading Platform Tutorial for Beginners
If you want to learn how to setup the MT5 stock indexes trading platform this indices trading tutorial guide explains the stock indexes trading step by step guide on how to setup MetaTrader 5 Indices Trading Platform for indices trading beginners with examples - MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners.
The following example explained and illustrated below shows the main MT5 stock indexes trading platform interface. As a beginner indices trader trying to learn how to execute orders in the online stock indices market, the main indices trading tool for trading the stock indexes trading market is the MT5 stock indexes trading platform software. This is the indices trading software that you will connect to your indices broker with and execute indices trading transactions and monitor your indices trading account balance.
The MT5 stock indexes trading platform for indices trading is provided for free by stock indexes trading brokers. This MT5 software looks like the stock indexes trading example explained and illustrated below:
Learn MT5 Indices Trading Platform - MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners
The Main Areas of this MT5 stock indexes trading platform as shown above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator
- Market Watch
- Terminal
- Connection Bars
For this MT5 Indices Trading Platform Setup tutorial we shall look at a brief introduction for each of these:
1. MT5 Navigation Menus MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners
The MT5 navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These MetaTrader 5 menus are the main navigation menus that can be used to navigate the MT5 stock indexes trading platform software. As a indices trading beginner you can start by just clicking any of these MetaTrader 5 stock indexes trading platform navigation menus to familiarize yourself with the various buttons that are arranged as sub menus within these navigation menus.
These MT5 stock indexes trading platform navigation menus will be discussed in details in the next MetaTrader5 setup tutorials about navigation menus - MT5 Indices Trading Platform Tutorial for Beginners.
2. MT5 Tool Bars MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners
The MT5 tool bars are used to manipulate stock indices charts, either by placing technical stock indexes trading indicators, line studies, change indices chart time frames and load an MetaTrader 4 template from a list of saved templates on the MT5 stock indexes trading platform.
These MT5 tool bars will be discussed on other MT5 indices trading software setup tutorials that will outline each button on this tool bar and how to add and customize these MT5 tool bars - MetaTrader 5 Indices Trading Platform Setup Tutorial.
3. MT5 Indices Trading Chart Window MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners - MT5 Indices Trading Platform Tutorial
MT5 Indices Trading Chart Window is the main area where stock indexes trading charts are displayed and one can analyze the indices trend direction of a stock indices chart whether up or down, place stock indices indicators for technical analysis and even place trading orders from these stock indexes trading charts - MT5 Trading Strategy Setup.
5. MT5 Navigator MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners - MT5 Indices Trading Platform Setup
MT5 Navigator will contain information about stock indexes trading accounts, whether demo indices trading account or real account, this window will also have a list of all the MetaTrader 5 indices indicators as well as Expert Advisors and scripts.
A indices trader can choose which MetaTrader 5 stock indexes trading account to login by expanding the Accounts menu, choose a stock indices chart indicator by expanding the MetaTrader 5 stock indices indicator menu or choose an Automated Indices Expert Advisor by expanding the MetaTrader 5 Expert Advisor menu - MT5 Indices Trading Platform Tutorial for Beginners.
5. MT5 Market Watch MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners
MT5 Market watch is used to show streaming quotes for indices. This can list as many quotes provided by your indices broker or a few selected by a indices trader. To save internet bandwidth, right click inside the stock indexes trading market watch window and select “Hide All”, so as to hide the MetaTrader 4 symbols that you are not transacting and save on internet bandwidth.
6. MT5 Terminal MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners
This is the window that is like the bank account transaction area for your indices trades, on this window you can view your balance, profit and losses statement, equity, margin used also retrieve a copy of all your stock indexes trades transactions history.
This will also list all open trade transactions and calculate all the profit and loss in real time as the stock indices prices move up or down.
7. MT5 Connection Bar MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners
Red bars are for no connection, green bars show that there is connection to the servers and transaction orders can be placed. These MT5 connection bars should always be green when one logged into their demo indices trading account or live account.
These main areas form the MT5 Indices Trading Platform Setup tutorial and will be the main areas to be covered in detail in the next learn MetaTrader 5 stock indexes trading platform tutorials. For now it is best to download MetaTrader 5 software and familiarize yourself with the MetaTrader 5 indices trading software interface.
Why MT5 Indices Trading Software is Required for Placing Indices Trade Transactions with Brokers
MetaTrader 5 stock indexes trading platform is the software that is used to access the stock indexes trading market and analyze these stock indexes price movements using technical analysis. There are various reasons why a indices trader requires to use a good indices trading platform. A good indices trading platform can determine if a as a indices trader you make a profit or not.
So why does a indices trader need a good platform:
To connect to the Trading Server:
To place an order when trading online a indices trader needs to use a platform that will connect to the trading servers of their stock indexes trading broker and allow them to open and close orders. Good indices trading platforms will connect with ease to the brokers' servers and allow traders to place orders at any time from their computer.
To analyze indices charts using technical analysis
To place a buy or sell order one needs to first analyze the direction of indices. This is why all good indices trading platforms provide technical tools such as stock indexes price charts, technical indicators and various different time frames from which one can analyze stock indexes price moves using the chart time frames of their choice.
MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners
From the above MT5 stock indexes platform interface, the summary of all information required by a indices trader is provided on this MT5 interface
- Connection - connection to the indices broker servers
- Charts - stock indexes price charts that display indices prices
- Toolbars - toolbars to add tools and technical analysis indicators
- Market Watch - for displaying available financial instruments
- Data window - provides trading account information and other indicator data
- Exchange rates - shows current market stock indexes price on a indices chart
- Menu bar - Shows all menu items on the MetaTrader 5 stock indexes trading platform
MT5 Indices Trading Platform Setup - MT5 Indices Trading Platform Tutorial for Beginners
