Commodity Trading MT5 Platform Setup Tutorial

MT5 Commodity Platform Tutorial Course

If you want to learn how to set-up the MT5 commodities trading software this commodity lesson explains the commodities trading step by step guide on how to setup MT5 Commodity Trading Platform for beginners with examples - Commodity MT5 Platform Setup - MetaTrader 5 Commodity Software Guide for Beginners.

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

The MT5 commodities platform for commodity trading is provided for free by commodities trading brokers. This MetaTrader 5 platform looks like the commodities trading example shown below:

Learn MT5 Commodity Platform - MT5 Commodity Trading Software Setup - MetaTrader 5 Commodity Software Guide for Beginner Traders

The Main Areas of this MetaTrader 5 commodities trading platform as shown above are:

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

For this MT5 Commodity Trading Software Set Up guide we shall look at a brief introduction for each of these:

1. MT5 Navigation Menus MT5 Commodity Trading Software Setup - MetaTrader 5 Commodity Software Guide for Beginner Traders

The MetaTrader 5 navigation menus are:

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

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

These MetaTrader 5 commodities trading platform navigation menus will be discussed in details in the next MetaTrader5 setup tutorials about navigation menus - MT5 Commodity Software Guide for Beginners.

2. MT5 Tool Bars MT5 Commodity Trading Software Setup - MetaTrader 5 Commodity Software Guide for Beginner Traders

The MetaTrader 5 toolbars are used to manipulate commodity charts, either by placing technical commodities trading indicators, line studies, change commodities trading chart time frames and load an MetaTrader 4 template from a list of saved templates on the MT5 platform.

These MetaTrader 5 tool bars will be discussed on other MT5 software setup tutorials that will outline each button on this tool bar and how to add and customize these MT5 tool bars - Commodity MetaTrader 5 Platform Setup Guide.

3. MT5 Commodity Trading Chart Window MT5 Commodity Trading Software Setup - MetaTrader 5 Commodity Trading Software Lesson for Beginner Traders - MT5 Commodity Platform Tutorial

MT5 Commodity Trading Chart Panel is the main area where commodities trading charts are displayed & a trader can analyze the commodity trend direction of a commodity chart whether up or down, place commodity indicators for technical analysis & even place trading orders from these commodities trading charts - MT5 Trading Strategy Setup.

5. MT5 Navigator MT5 Commodity Trading Software Setup - MetaTrader 5 Commodity Trading Software Lesson for Beginner Traders - Commodity Trading MT5 Platform Setup

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

A trader can select which MT5 commodities account to sign in by expanding the Accounts menu, choose a commodity chart indicator by expanding the MT5 indicator menu or choose an Automated Commodity Expert-Advisor by expanding the MT5 Expert Advisor menu - MT5 Commodity Software Guide for Beginners.

5. MT5 Market Watch MT5 Commodity Trading Software Setup - MetaTrader 5 Commodity Software Guide for Beginner Traders

MT5 Market watch is used to show streaming quotes for commodity. This can list as many quotes provided by your commodity broker or a few chosen by a trader. To save internet band width, right click inside the commodities trading market watch window & select "Hide All", so that to hide the MT4 symbols that you're not transacting & save on inter-net band width.

6. MT5 Terminal MT5 Commodity Trading Software Setup - MetaTrader 5 Commodity Software Guide for Beginner Traders

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

This will also list all open trades & calculate all the profit & loss in real-time as the commodity prices move upwards or downward.

7. MT5 Connection Bar MT5 Commodity Trading Software Setup - MetaTrader 5 Commodity Software Guide for Beginner Traders

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

These main areas form the MT5 Commodity Trading Platform Setup tutorial and will be the main areas to be covered in detail in next learn MT5 commodities platform tutorials. For now it's best to download MT5 software and familiarize yourself with MT5 platform interface.

Why MT5 Commodity Trading Platform is Required for Placing Commodity Trade Transactions with Brokers

MetaTrader 5 commodities platform is software that is used to access the commodities market & interpret these commodity price movements using technical analysis. There are various reasons why a trader requires to use a good commodity platform. A good commodity software can determine if a as a trader you make profit or not.

So why does a trader need a good platform:

To connect to the Trading Server:

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

To analyze commodity charts using technical analysis

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

MT5 Commodity Trading Software Setup - MetaTrader 5 Commodity Software Guide for Beginner Traders

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

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

MT5 Commodity Trading Software Setup - MetaTrader 5 Commodity Software Guide for Beginner Traders