MT5 Commodity Trading Setup

How to Setup MT5 Commodity Trading Platform

To start commodity trading with MT5 software, you need to follow the steps listed below:

Commodities Account MetaTrader 5 Download

Install MT5 Commodity Trading Platform on Your PC.Open a commodities trading account in MT5 software. Log in to MT5 Commodity Trading Account with your commodities trading account sign in details Open Commodity Charts & place Commodity Trades using the MT5 Commodity Trading Platform.

Commodities Account MetaTrader 5 Download

After you Download MT5 Commodity Trading Platform from your commodity broker you will then need to open a MT5 Commodity Trading Account to trade with.

Commodity Trading Open a Demo Account using MT5 Commodity Trading Platform

1. Download MT5 Commodity Software - MT5 Commodity Trading Platform.
2. Install MT5 Commodity Trading Platform.
3. Open MT5 Commodity Trading Platform.
4. Enter the Log in Details: Account Name & Password for the Demo Trade Account
5. Open Commodity Charts & start practice trading.
6. If you do not have a commodity demo account you can register for a demo trade account using File menu, Click the New Demo Account Registration and enter your details and sign up for an MT5 commodities trading account.

Commodity Trading Open a Real Account on MetaTrader 5

1. Download MT5 Commodity Trading Platform
2. Setup MT5 Commodity Trading Platform on your Computer.
3. Open MT5 Commodity Trading Platform on your Computer.
4. Click on the File Menu and Choose Open an Account.
5. Choose The Real Trading Account Option.
6. Fill in the real commodity trading account opening form.
7. Enter you commodities trading account sign in credentials for the Demo practice account.
8. Trade Commodity Trading instruments from the free MT5 commodity charts provided.

Introduction to MT5 Software

The following screen shot below shows the main MT5 commodities software inter-face. As a beginner trader trying to learn how to execute commodity orders in the online commodity market, the main tool for trading the online commodity market is the MetaTrader 5 commodities trading platform software. This is the software which you will connect to your online commodity broker and execute commodities trades and monitor your commodity trading account balance from this commodity MT5 trading platform.

The MT5 commodities trading platform is provided for free through the various Commodities Trading broker web sites. This MT5 software looks like the commodities trading example shown below:

How to Setup MT5 Commodity Platform - MT5 Commodity Trading Setup

The Main Areas of this MT5 commodities trading platform as shown above are:

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

For this MT5 tutorial we shall look at a brief introduction for each of these how to use MetaTrader 5 lessons:

1. Navigation Menus

The navigation menus are:

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

These are the main navigation menus which can be used to navigate the MT5 commodity software. As a commodity trading beginner you can start by just clicking on any of these navigation menus to familiarize yourself with the various buttons that are arranged as sub-menus within these navigation menus.

These navigation menus will be discussed & explained in details in the next MT5 guide for beginners about navigation menus.

2. Tool-Bars

This how to trade in MT5 explains the tool bars are used to manipulate charts, either by placing technical indicators, line studies, change commodity chart time frames and load an MT5 template from a list of saved templates.

These MT5 commodity tool bars will be discussed on other how to use MT5 commodity trading guides that will outline each button key on this tool bar and how to add & customize these toolbars.

3. Chart Window Panel

This is the main area where commodity charts are displayed and a trader can interpret the market trend direction of a commodity chart whether up or down, place MT5 indicators in MT5 commodity charts for technical analysis & even place orders from these commodity charts.

4. Navigator

Navigator MT5 tutorial will contain information about commodities accounts, whether practice MT5 commodity trading account or real MT5 commodities trading account, this window will also have a list of all the MT5 commodity trading technical indicators as well as EAs and scripts.

A trader can select which Commodity Trading account to login to by expanding the Accounts menu, choose an indicator by expanding the technical indicator menu or choose an EA by expanding the EA menu.

5. Market Watch

Market watch commodities MT5 tutorial - Market watch is used to show streaming quotes for commodity instruments. This panel can list as many quotes provided by your Commodities Trading broker or a few that are selected by a trader. To save inter-net band width, right click inside the commodities trading market watch window & choose "Hide All", so that to hide the commodity instruments that you are not trading and save on inter-net band width.

6. Terminal

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

This will also list all open commodities trades and calculate all the profit and loss in real-time as a commodity instruments move up or down.

7. Connection Bar

Red bars are for no connection, green bars show that there's connectivity to the servers & commodity trade orders can be placed. These connection bars should always be green when one is logged into their MT5 demo commodity trading account or MetaTrader 5 live commodities trading account.

These main areas form the MetaTrader 5 Commodity Trading Platform interface & will be the main areas to be covered in detail in next learn commodity MT5 trading platform guides. For now it's best to download MT5 software & familiarize yourself with the software interface.

Why Commodity Software is Required for Placing Commodity Symbol Trade trades with Brokers

Commodity platform is software that is used to access the commodities market & interpret these commodity instruments using technical analysis commodity charts. There are various reasons why a trader requires to use a good commodity platform. A good commodity software can ascertain if a as a trader you make profit or not.

So why does a trader need a good Commodities Trading Software:

To connect to the Trading Server:

To open a order one needs to use a commodity software that will connect to the trading servers of their broker & allow them to open & close trading orders. Good commodity trading platforms will connect with ease to the brokers' servers & allow commodities traders to place orders at any time from desktop computer PC.

To analyze commodity charts and commodity instruments using technical analysis

To place a buy or sell order one needs to first interpret the direction of a commodity. This is why all good commodity platforms provide technical commodity trading tools such as commodity price charts, technical indicators & various different chart time-frames from which a trader can analyze commodity trading price moves using the chart time-frames of their choice.

Learn MT5 Commodity Trading Guides - How to Set Up MT5 Commodity Platform - MT5 Commodity Trading Platform MT5 Setup

From the above MT5 commodities platform inter-face, the summary of all information required by a trader is provided on this MetaTrader 5 commodities trading software interface

• Connection - connection to the broker servers
• Charts - commodity price graphs that display commodity prices
• Tool bars - toolbars to add technical analysis tools & technical analysis technical indicators
• Market Watch - for displaying available commodity instruments
• Data window - provides account data & other technical indicator data
• Exchange rates - shows current market commodity price of a commodity instrument
• Menu bar - Shows all menu items on the platforms

How Do I Use MT5 Commodity Software Guide? - Commodity Account MetaTrader 5 Download

Interpret & Use MT5 Learn Commodity Software Guide? - Learn MT5 Commodity Trading Guides - How to Set Up MT5 Commodity Software