Introduction to MT5 Platform Interface

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 commodities trading market is the MT5 commodities trading platform software. This MT5 commodities trading platform is software that you will connect to your commodity broker with & execute commodity trade transactions & monitor your commodities MT5 account balance from this MT5 platform.

The Commodity Trading MT5 Platform software is provided for free through the various commodity broker websites. This MetaTrader 5 software looks like the commodities trading example shown below:

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

1. MetaTrader 5 Navigation Menus
2. Toolbars
3. MT5 Commodity Trading Chart Window
4. MT5 Navigator Window Panel
5. MetaTrader 5 Market Watch Window Panel
6. MT5 Terminal
7. MetaTrader 5 Connection Bars

For this MT5 tutorial we shall look at a brief introduction for each of these learn commodity MT5 Trading Platform:

1. Navigation Menus

The MT5 navigation menus are:

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

These are the main MetaTrader 5 navigation menus that can be used to navigate MT5 software. As a beginner trader you can start by just clicking any of these MT5 navigation menus to familiarize yourself with various MetaTrader 5 buttons that are arranged as MT5 sub-menus within these MT5 navigation menus.

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

2. Tool-Bars

The MT5 tool-bars are used to manipulate MT5 commodity charts, either by placing MT5 indicators, MT5 line studies, change MT5 commodities trading chart time frames and load MT5 chart template from a list of saved MT5 chart templates.

These MT5 tool bars will be discussed on other MetaTrader 5 tutorials which will outline each MT5 button key on this MetaTrader 5 tool bar and how to add & customize these MT5 tool-bars.

3. Chart Window Panel

This MetaTrader 5 commodity chart window is the main area where MT5 commodities trading charts are displayed and a trader can analyze the commodity trend direction of a MT5 commodity chart whether up or down, place MT5 commodity chart indicators for commodity technical analysis & even place orders from these MT5 commodity charts.

4. Navigator

MetaTrader 5 Navigator will contain information about MT5 accounts, whether practice or real, this MT5 window will also have a list of all the MT5 indicators as well as MT5 Automated Commodity Expert-Advisors & scripts.

A trader can select which MT5 account to login by expanding the Accounts menu, choose an MT5 indicator by expanding the MT5 indicator menu or choose an MT5 Automated Commodity Expert-Advisor by expanding the Automated Commodity Expert-Advisor menu.

5. Market Watch

MT5 Market watch is used to show streaming commodities quotes for MT5 commodity trading instruments. This can list as many quotes provided by your MT5 commodity broker or a few selected by a trader. To save internet band width, right click inside the MT5 market watch window and select 'Hide All', so as to hide the MT4 symbols that you are not transacting on this MT5 Commodity Platform and save on internet band width.

6. Terminal

This is the MT5 window that is like the bank MT5 account transaction area for your MT5 commodity trade transactions, on this MT5 window you can view your MT5 account balance, profit & losses statement, equity, margin used also retrieve a copy of all your MT5 commodity trade transactions history.

This MetaTrader 5 window will also list all open commodity trade transactions & calculate all the profit & loss in real-time as the commodity charts move up or down.

7. Connection Bar

MT5 connection bars - Red bars are for no connectivity, green bars show that there is connection to the servers & MT5 commodity trade orders can be set. These MT5 connection bars should always be green when one logged into their MT5 practice MT5 account or MT5 live account.

These MetaTrader 5 Commodity Trading Platform main areas form the MT5 Commodity Trading Platform interface and will be the main areas to be covered in detail in next learn MT5 tutorials. For now it is best to download MT5 Commodity Trading Platform software & familiarize yourself with MT5 software interface.

Why Commodity Software is Required for Placing Commodity trading Transactions with Commodities Trading Brokers

Commodity platform is software that's used to access the commodities market & interpret these commodity trading price movements using commodities charts and commodity technical analysis tools. There are various reasons why a trader requires to use a good commodity trading platform. A good commodity software can determine if a as a trader you make a profit or not.

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

To connect to the Commodity Trading Broker Server:

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

To analyze commodity charts using technical analysis tools

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

From the above commodity platform interface, the summary of all data required by a trader is provided on this MT5 Commodity Trading Platform interface

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