Trading Stocks Read and Use MetaTrader 5 Learn Stocks Trading Platform Tutorial
How Do I Use Stock MetaTrader 5 Learn Stocks Platform Guide?
To start stocks with the MetaTrader 5 platform, you need to follow the steps listed below:
Download MetaTrader 5 Stocks Platform
Setup MT5 Stocks Platform on Your PC.Open a stock account on the MetaTrader 5 platform. Log in to the MetaTrader 5 Stocks Trading Account with your stocks account sign in credentials Open Stocks Trading Charts & place Stocks Trades using the MetaTrader 5 Platform.
Trading Stocks Open a MetaTrader 5 Stocks Trading Account
After you Download MetaTrader 5 Stocks Platform from your stocks broker you'll then need to open a MetaTrader 5 Stocks Trading Account to trade with.
Trading Stocks Open a Demo Account using MetaTrader 5 Stocks Platform
- Download the MetaTrader 5 Stocks Platform - MetaTrader 5 Platform.
- Setup the MetaTrader 5 Platform.
- Open MT5 Platform.
- Enter the Login Details: Account Name and Password for the Demo Trade Account
- Open Stocks Trading Charts & start practice trading.
- If you do not have a stocks trading practice account you can register for a demo trade account using the File menu, Click New Practice Account Registration and enter your details and sign up for an MetaTrader 5 stock trading account.
Trading Stocks Open a Real Trading Account in MT5
- Download MT5 Stocks Platform
- Install MT5 Stocks Platform on your PC Computer.
- Open MT5 Stocks Platform on your PC Computer.
- Click on the File Menu & Choose Open an Account.
- Choose The Real Trading Account Option.
- Fill in the real stocks account opening form.
- Enter you stocks account log in credentials for the Demo practice account.
- Trade Stocks Trading instruments from the free MetaTrader 5 stocks charts provided.
Trading Stocks Start Trading on MetaTrader 5
The following screen shot below shows the main MetaTrader 5 platform inter-face. As a beginner trader trying to learn how to execute stocks orders in the online stocks market, the main tool for trading the online stocks market is the MetaTrader 5 platform software. This is the software which you'll connect to your online stock trading broker and execute stocks trade transactions & monitor your stocks account balance from this stock MetaTrader 5 platform software.
The MetaTrader 5 stock platform is provided for free through the various Stocks broker web sites. This MetaTrader 5 software looks like the stocks example illustrated and explained below:
Read and Use MetaTrader 5 Learn Stocks Trading Platform Guide?
Main Areas of this MT5 platform as shown above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator Window
- Market Watch Window
- Terminal Window
- Connection Bars
For this MetaTrader 5 guide we shall look at a brief introduction for each of these how to use MT5 tutorials:
1. Navigation Menus
The navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These are main navigation menus that can be used to navigate MetaTrader 5 platform. As a stocks beginner trader you can start by clicking any of these navigation menus to familiarize yourself with the various button keys that are arranged as sub menus within these navigation menus.
These navigation menus will be discussed & described in details in the next MetaTrader 5 tutorial for stocks novice traders about navigation menus.
2. Toolbars
This how to trade on MT5 explains the tool bars are used to manipulate trading charts, either by placing indicators, line studies, change stocks chart timeframes and load an MetaTrader 5 template from a list of saved templates.
These MetaTrader 5 stocks trading tool bars will be discussed on other how to use MT5 stocks trading tutorials which will outline each button key on this toolbar & how to add and customize these toolbars.
3. Chart Panel
This is the main area where stock trading charts are displayed & a trader can interpret the trend direction of a stocks chart whether up or down, place MetaTrader 5 indicators on MT5 stocks charts for technical analysis & even place orders from these stocks trading charts.
4. Navigator
Navigator MetaTrader 5 tutorial will contain information about stock trading accounts, whether practice MetaTrader 5 stocks account or real MetaTrader 5 stock trading account, this window will also have a list of all the MetaTrader 5 indicators as well as EAs and scripts.
A trader can select which Stocks Trading account to log in to by expanding the Accounts menu, select an technical indicator by expanding the indicator menu or choose an EA by expanding the EA menu.
5. Market Watch
Market watch MetaTrader 5 stocks guide - Market watch is used to show streaming quotes for stocks. This window panel can list as many quotes provided by your Stocks broker or a few that are selected by a trader. To save inter-net bandwidth, right-click inside the stocks market watch window & choose "Hide All", so as to hide the instruments that you are not trading & save on inter-net bandwidth.
6. Terminal
This is window panel that is like the bank account trade area for your stocks trade transactions, on this window panel you can view your stocks account balance, stocks profit & losses statement, stocks trading equity, stocks margin used also retrieve a copy of all your stocks trading transactions history.
This will also list all open stocks trade transactions and calculate all the profit and loss in real-time as the stocks instruments move up or down.
7. Connection Bar
Red bars are for no connectivity, green bars show that there is connection to the servers and stocks trade orders can be placed. These connection bars should always be green when one is logged into their MetaTrader 5 practice stocks account or MT5 live stock trading account.
These main areas form the MT5 Stocks Trading Platform interface and will be the main areas to be covered in detail in the next learn stock MetaTrader 5 platform tutorials. For now it is best to download MetaTrader 5 platform & familiarize yourself with the software interface.
Why Stocks Software is Required for Placing Stocks Quote Trade trades with Brokers
Stock platform is software that's used to access the stock trading market & interpret these stocks instruments using technical analysis stocks charts. There are various reasons why a trader requires to use a good stocks trading platform. A good stocks software can determine if a as a trader you make a profit or not.
So why does a trader need a good Stocks Trading Software:
To connect to the Trading Server:
To place order a trader needs to use a stocks software which will connect to the trading servers of their broker and allow them to open and close trading orders. Good stocks platforms will connect with ease to the brokers' servers and allow stock traders to place orders at any time from their computer.
To analyze stock trading charts and stocks instruments using technical analysis
To place buy or sell order a trader needs to first analyze the direction of stocks. This is why all good stocks softwares provide technical stocks trading tools such as stocks price charts, indicators and various different chart time-frames from which a trader can analyze stocks price moves using the chart timeframes of their choice.
How Do You Use Stock MetaTrader 5 Learn Stocks Trading Platform Guide?
From above MT5 stock platform inter-face, the summary of all data required by a trader is provided on this MetaTrader 5 platform interface
- Connection - connectivity to the broker servers
- Charts - price graphs which display stocks prices
- Tool bars - tool bars to add technical analysis tools and technical analysis technical indicators
- Market Watch - for displaying available stocks trading instruments
- Data window panel - provides account information and other indicator data
- Exchange rates - shows current market stocks price of a stocks trading instrument
- Menu bar - Shows all menu items on the platforms
How Do You Use MT5 Stocks Platform Tutorial? - Stocks Trading Account MetaTrader 5 Download
Read and Use MetaTrader 5 Learn Stocks Trading Platform Guide?
