MT5 Stocks Platform Setup
MT5 Stocks Platform Tutorial for Beginners
If you want to learn how to setup the MT5 stock platform this stocks tutorial guide explains the stocks step by step guide on how to setup MT5 Stocks Platform for beginners with examples - Stock MT5 Platform Setup - MT5 Stocks Platform Tutorial for Beginners.
The following example illustrated and explained below shows the main MT5 stock platform interface. As a beginner trader trying to learn how to execute orders in the online stocks market, the main stocks tool for trading the stocks market is the MT5 stock platform software. This is the stocks software that you will connect to your stocks broker with & execute stocks transactions and monitor your stocks account balance.
The MetaTrader 5 stock platform for trading stocks is provided for free by stocks brokers. This MT5 software looks like the stocks example illustrated and explained below:
Learn MetaTrader 5 Stocks Platform - MT5 Stocks Platform Setup
The Main Areas of this MT5 stock platform as shown above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator
- Market Watch
- Terminal
- Connection Bars
For this MT5 Stocks Platform Setup guide we shall look at a brief introduction for each of these:
1. MT5 Navigation Menus MT5 Stocks Platform Setup
The MetaTrader 5 navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These MetaTrader 5 menus are main navigation menus which can be used to navigate the MT5 stock platform software. As a stocks beginner you can start by just clicking any of these MT5 stock platform navigation menus to familiarize yourself with various buttons that are arranged as sub menus within these navigation menus.
These MetaTrader 5 stock platform navigation menus will be discussed in details in the next MetaTrader5 setup tutorials about navigation menus - MT5 Stocks Platform Tutorial for Beginners.
2. MT5 Tool Bars MT5 Stocks Platform Setup
The MT5 tool-bars are used to manipulate stocks charts, either by placing technical stocks indicators, line studies, change stocks chart timeframes 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 MT5 stocks software setup tutorials that will outline each button on this tool bar and how to add and customize these MT5 tool bars - Stock MT5 Platform Setup Guide.
3. MT5 Stock Chart Window MT5 Stocks Platform Setup - MT5 Stocks Platform Tutorial for Beginners - MT5 Stocks Platform Tutorial Course
MT5 Stock Chart Panel is the main area where stocks charts are displayed & trader can analyze the stocks trend direction of a stocks chart whether up or down, place stocks indicators for technical analysis & even place trading orders from these stocks charts - MT5 Trading Strategy Setup.
5. MT5 Navigator MT5 Stocks Platform Setup - MT5 Stocks Platform Tutorial for Beginners - Stock MT5 Platform Setup
MT5 Navigator will contain information about stocks accounts, whether demo stocks account or real account, this window will also have a list of all the MT5 stocks technical technical indicators as well as EAs and scripts.
A trader can choose which MT5 stocks account to login by expanding the Accounts menu, choose a chart technical indicator by expanding the MT5 indicator menu or choose an Automated Stock Expert Advisor by expanding the MT5 Expert Advisor menu - MT5 Stocks Platform Tutorial for Beginners.
5. MT5 Market Watch MT5 Stocks Platform Setup
MT5 Market watch is used to show streaming quotes for stocks instruments. This can list as many quotes provided by your stocks broker or a few chosen by a trader. To save inter net band width, right-click inside the stocks market watch window and select 'Hide All', so as to hide the MT4 symbols that you are not transacting and save on inter-net bandwidth.
6. MT5 Terminal MT5 Stocks Platform Setup
This is window panel that is like the bank account trade area for your stocks trades, on this window you can view your balance, profit & losses statement, equity, margin used also retrieve a copy of all your stock trades transactions history.
This will also list all open trades and calculate all the profit & loss in real-time as the stocks prices move upwards or downward.
7. MT5 Connection Bar MT5 Stocks Platform Setup
Red bars are for no connection, green bars show that there is connectivity to the servers & trade orders can be placed. These MT5 connection bars should always be green when one logged into their demo stocks account or live account.
These main areas form the MT5 Stocks Platform Setup tutorial and will be the main areas to be covered in detail in the next learn MT5 stock platform tutorials. For now it is best to download MT5 software and familiarize yourself with the MT5 stocks software interface.
Why MT5 Stocks Software is Required for Placing Stocks Trade Transactions with Brokers
MetaTrader 5 software is the software that's used to access the stocks market and interpret these stocks price movements using technical analysis. There are various reasons why a trader requires to use a good stocks platform. A good stocks 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 an order when trading online a trader needs to use a platform which will connect to the trading servers of their stocks broker and allow them to open & close orders. Good stocks platforms will connect with ease to the brokers' servers and allow traders to place orders at any time from their computer.
To analyze stocks charts using technical analysis
To place buy or sell order one needs to first analyze the direction of a stocks. This is why all good stocks platforms provide technical tools such as stocks price charts, technical indicators & various different time frames from which trader can analyze stocks price moves using the chart time-frames of their choice.
MetaTrader 5 Stocks Platform Setup
From the above MT5 stock platform inter-face, the summary of all data required by a trader is provided on this MT5 interface
- Connection - connection to the broker servers
- Charts - price charts that display stocks prices
- Tool bars - toolbars to add tools and technical analysis technical indicators
- Market Watch - for displaying available financial instruments
- Data window panel - provides account information and other technical indicator data
- Exchange rates - shows current market stocks price on a stocks trading chart
- Menu bar - Shows all menu items on the MT5 platform
MetaTrader 5 Stocks Platform Setup
