*Since the recording of these videos, negative balance protection has come into force from 02.10.17. This means that whilst trading losses cannot exceed funds in your account, your capital is still at risk.
In this lesson, you’ll learn:
- What the Market Watch is in MT4
- How to find a specific instrument on MT4
- How to check the specification of each instrument
The Market Watch is basically your window to the world of investments and trading from all around the globe. You can choose from Forex, commodities, indices, CFDs based on shares and ETFs. It’s all available to you just through one or two simple clicks.
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If you can’t find the instrument you’re looking for, simply right-click on any instrument and select ‘show all’.
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Instrument symbols
As you can see, all available instruments have their own symbol - if you’re not sure what each market’s symbol means, simply hover your mouse over it for more information.
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Instrument specification
If you looking for even more details like contract size or trading hours, right-click on instrument and select ‘specification’.
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The contract specification window will appear.
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Opening charts
The Market Watch is the easiest way to see a chart of the instrument. Simply drag and drop it in the Chart Window.
The Market Watch is also is the quickest way to place your trades. Once you’ve found the market you want to open a position in, double-click on the market’s name and a new order window will appear.
It’s worth mentioning some additional functions of the Market Watch window, such as: depth of the market, tick chart, adding your own favourite markets, grouped sets and much more - all available from Market Watch’s context menu.
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As you can see, The Market Watch window is integral to the way you use MT4.
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The contract specification window will appear.
