MT5 Platform - MetaTrader 5 Stock Index Platforms - MetaTrader 5 Trading Platforms
MT5 Stock Index Charts - MT5 Stock Index Platform Trading & Orders
If you want to learn how to set-up the MetaTrader 5 platform this stock index guide explains the step by step tutorial on how to setup MetaTrader 5 for beginners with example - Stock Index Get to Know Your MT5 Platform - Get to Know Your MetaTrader 5 Trading Platform.
The following example below shows the main MT5 platform interface. As a beginner trader trying to learn how to execute orders in the online stock index market, the main stock index tool for trading the market is MT5 software software. This is the software which you will connect to your stock index broker with and execute stock index transactions & monitor your stock index trading account balance.
The MT5 software for trading stock index is provided for free by stock index brokers. This MT5 platform looks like the example below:
Learn MetaTrader 5 Platform
The Main Areas of this MT5 software as shown above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator
- Market Watch
- Terminal
- Connection Bars
For this MetaTrader 5 Setup tutorial we shall look at a brief introduction for each of these:
1. MetaTrader 5 Navigation Menus Get to Know Your MT5 Platform
The MetaTrader 5 navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These MetaTrader 5 menus are the main navigation menus which can be used to navigate the MT5 platform software. As a stock index beginner trader you can start by clicking on any of these MetaTrader 5 software navigation menus to familiarize yourself with the various button keys that are arranged as sub-menus within these navigation menus.
These MetaTrader 5 software navigation menus will be explained & covered in details in the next MT5 setup guides about navigation menus - Get to Know Your MetaTrader 5 Trading Platform.
2. MetaTrader 5 Tool Bars MT5 Setup
The MT5 toolbars are used to manipulate stock index charts, either by placing technical stock index indicators, line studies, change stock index chart time frames and load an MT4 template from a list of saved templates on the MT5 platform.
These MetaTrader 5 tool bars will be discussed on other MetaTrader 5 setup guides that will outline each button on this tool-bar and how to add & customize these MetaTrader 5 tool-bars - Stock Index MetaTrader 5 Platform Setup Guide.
3. MT5 Chart Panel MetaTrader 5 Setup
MetaTrader 5 Chart Window is the main area where stock index charts are displayed & trader can analyze the stock index trend direction of a stock index chart whether up or down, place stock index indicators for technical analysis & even place trading orders from these stock index charts - Get to Know Your MT5 Trading Platform.
5. MT5 Navigator MetaTrader 5 Setup
MT5 Navigator will contain information about stock index accounts, whether practice account or real account, this window will also have a list of all the MT5 technical indicators as well as Expert Advisors & scripts.
A trader can select which MT5 stock index trading account to login by expanding the Accounts menu, select a chart technical indicator by expanding the MetaTrader 5 indicator menu or choose an Automated Expert-Advisor by expanding MT5 Expert Advisor menu - Get to Know Your MetaTrader 5 Trading Platform.
5. MT5 Market Watch MetaTrader 5 Setup
MT5 Market watch is used to show streaming quotes for trading quotes. This can list as many quotes provided by your Stock Index broker or a few chosen by a trader. To save inter net bandwidth, right click inside the market watch window & choose 'Hide All', so as to hide the currencies that you're not transacting & save on inter-net band width.
6. MT5 Terminal MetaTrader 5 Setup
This is the panel that is like the bank account trade area for your stock index trade transactions, on this window panel you can view your balance, profit and losses statement, equity, margin used also retrieve a copy of all your stock index trades transactions history.
This will also list all open trades & calculate all the profit and loss in real time as the currencies move up or down.
7. MT5 Connection Bar MetaTrader 5 Setup
Red bars are for no connection, green bars show that there is connection to the servers and trade orders can be placed. These MT5 connection bars should always be green when one logged into their demo account or live account.
These main areas form the MT5 Platform Setup tutorial and will be the main areas to be covered in detail in next learn MT5 platform tutorials. For now it is best to download MT5 software and familiarize yourself with the MetaTrader 5stock index trading software interface.
Why MetaTrader 5 Stock Indices Software is Required for Placing Trade Transactions with Brokers
MT5 software is the software that's used to access the stock index market & analyze these currencies using technical analysis. There are various reasons why a trader requires to use a good stock index trading platform. A good stock index platform 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 a trading order when trading online a trader needs to use a platform that will connect to the trading servers of their stock index broker and allow them to open & close orders. Good stock index platforms will connect with ease to the brokers' servers & allow traders to place orders at any time from their desktop computer.
To analyze stock index charts & currencies using technical analysis
To place a buy or sell order one needs to first interpret the direction of a trading symbol. This is why all good stock index trading softwares provide technical tools such as price charts, technical indicators & various different time frames from which one can interpret price moves using the chart time-frames of their choice.
MetaTrader 5 Stock Index Trading Platform Setup
From above MetaTrader 5 platform inter-face, the summary of all data required by a trader is provided on this MT5 interface
- Connection - connectivity to the broker servers
- Charts - price charts that display prices
- Tool bars - tool bars to add tools and technical analysis technical indicators
- Market Watch - for displaying available financial instruments
- Data window panel - provides trading account information and other technical indicator data
- Exchange rates - shows current market price of a trading symbol
- Menu bar - Shows all menu items on MetaTrader 5 software
MetaTrader 5 Stock Index Trading Platform Setup
