The Market Watch feature in MetaTrader 5 (MT5) is a crucial tool for traders, as it provides a real-time list of available financial instruments, such as forex pairs, stocks, commodities, and cryptocurrencies. It enables traders to monitor live market prices, track market movements, and execute trades directly from the watchlist. The Market Watch window is highly customizable, allowing traders to choose which instruments to display, track, and trade.
Real-Time Price Updates: The Market Watch displays live bid and ask prices for each instrument, which are continuously updated.
Symbol Details: It shows important information for each listed instrument, including the symbol name, current price, spread, and the high/low for the day.
Order Execution: Traders can right-click on any instrument in the Market Watch window to open a new order or quick trade.
Instrument Customization: Traders can add, remove, or organize instruments in the list based on their preferences or trading strategy.
Market Depth: You can view the market depth of certain instruments, providing insight into the supply and demand at various price levels.
Using the Menu Bar:
Click on "View" in the top menu of MT5.
Select "Market Watch" from the dropdown menu (this will remove the Market Watch window from your screen).
Using the Shortcut:
Press Ctrl + M on your keyboard. This shortcut will toggle the Market Watch window on or off.
Using the Menu Bar:
Again, click on "View" in the top menu.
Select "Market Watch" to bring the Market Watch window back onto your screen.
Using the Shortcut:
Press Ctrl + M on your keyboard once more to restore the Market Watch window.
Add Instruments: To add new instruments to your Market Watch window:
Right-click anywhere in the Market Watch window.
Select "Symbols".
A list of available instruments will appear. From here, you can select and add instruments to the Market Watch list.
Remove Instruments: To remove an instrument from the Market Watch:
Right-click on the instrument you want to remove.
Select "Hide" or "Delete" (depending on your version).
Arrange Instruments: You can rearrange the instruments by simply dragging them up or down within the Market Watch window.