Base 9: The Metatrader Platform
Part 1: Presentation

Introduction to Metatrader

MetaTrader is an online trading platform. It is used mainly for the Forex market. Metatrader allows access to charts, track live prices and place orders directly with its broker. Here are the main components of the Metatrader platform:

The Market Watch window

The list of contracts for which the platform receives quotations is displayed in this window. It allows you to place positions or place orders on hold and also open charts.
In the context menu (right click) you can find the following menu:

  • New Order: place a new order

  • Open Chart: Open a new chart of the selected pair

  • Ticks Chart: show a tick chart of the selected pair

  • Depth of the market: opens the window depth of the market

  • Specifications: Displays the specifications of the selected pair

  • Hide: hide the selected pair

  • Hide All: hide all unused symbols

  • Show All: show all available pairs

  • Symbols: see the list of symbols

  • Sets: define lists of symbols and use them

  • Spread: show spreads

  • Up / Down: Add a column up / down for each currency pair

  • Time: Add a column showing the last rating update

  • Self-alignment: auto-align the rating grid

  • Grid: display a grid

  • Open a new quote window: open a quote pop-up window

Symbols :

Shows the list of pairs that are displayed or hidden in the Market Watch window. The pairs in yellow are the ones displayed. To show or hide a pair, double-click to toggle its state.

Ticks window

To display the graph of the chosen pair in ticks, choose Ticks Chart from the contextual menu or click on the Ticks tab.

Spécifications window :

Shows the particular specifications of the chosen pair.
Floating Difference: Means that the spread is dynamic.
Precision 5: Means a precision of 5 decimal places, so points.
Contract Size 100000: Means a lot costs one hundred thousand dollars.
Margin Currency AUD: The main currency is the Australian Dollar.
Margin Percentage: Means the lever of the pair is 200: 1.
Minimum Volume 0.01: The smallest lot you can take.
Maximum Volume 1000: The biggest lot you can take.
Step: The smallest division of the lot size.

© 2016, 2017, 2018, 2019 Club SPN inc.

La négociation de titres implique un risque élevé et ne convient pas à tous les investisseurs. L’effet de levier peut opérer en votre faveur aussi bien que contre vous. Considérez attentivement vos objectifs d’investissement, votre niveau d’expérience et votre appétit du risque. 

Trading in securities involves a high risk and is not suitable for all investors. Leverage can work in your favor as well as against you. Carefully consider your investment goals, level of experience and risk appetite.

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