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Beginner Tutorials: Using Trading Tools & Charts
Beginner Tutorials: Using Trading Tools & Charts
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Written by Amadeux
Updated over 2 months ago

1. Understanding the Market Watch Panel

The Market Watch panel displays all available trading instruments and their current bid/ask prices. To customize:

  • Right-click on the panel and select Show All to view all symbols.

  • Click Symbols to add or remove specific instruments.

  • Drag instruments onto the chart window for quick access.

2. Using Indicators for Market Analysis

Indicators help traders analyze price action and market trends. To add an indicator:

  • Go to Insert > Indicators and choose from options like Moving Averages, RSI, or MACD.

  • Adjust the indicator settings to fit your trading strategy.

  • Use multiple indicators to confirm trading signals and trends.

3. Drawing Tools: Trendlines, Support & Resistance

Understanding support and resistance levels can help traders identify market entry and exit points.

  • Click on the Drawing Tools toolbar to select a trendline.

  • Draw horizontal or diagonal lines to mark key levels.

  • Use Fibonacci retracements to identify potential price reversals.

4. Placing & Managing Orders

Opening and managing trades efficiently is key to successful trading.

  • Open a New Order window using F9 or clicking the order panel.

  • Select the Order Type (Market Execution or Pending Order).

  • Set Stop-Loss (SL) and Take-Profit (TP) levels for risk management.

  • Monitor and modify active trades in the Terminal panel.

5. Using Multiple Timeframes for Better Analysis

Analyzing charts on different timeframes can provide a clearer view of the market.

  • Switch between timeframes using the toolbar (M1, M5, H1, D1, etc.).

  • Use higher timeframes for overall trend direction and lower timeframes for entry confirmation.

6. How to Save & Load Chart Templates

Customizing charts saves time and improves efficiency.

  • Right-click on the chart, go to Templates, and select Save Template.

  • Load saved templates by selecting Load Template.

  • This ensures quick setup consistency across different charts.

7. Need More Help?

If you need further guidance on using trading tools and charts, check our tutorial videos or contact our support team for assistance!

Mastering these tools will improve your trading skills and help you make informed decisions in the market!

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