2.0 Setting up your broker trading software Part 1 Video Lecture | Forex: Learn and Master Trading (English) - Business Basics

hi welcome back to capex forex trading
comm in this video we're going to look
at a few things that you need to do in
order to set up your trading software
now what I've got in front of me here is
a trading platform but one thing you
need to bear in mind is that different
brokers offer different platforms so
some may have their own software some
may have empty four or mt5 and some may
even have cloned versions of mt4 or mt5
that they sell as their own but
realistically no matter who the broker
is or what the software is even though
they look a little bit different they
all do exactly the same thing so what
we're going to do we're just going to
focus on a few things you need to do in
terms of setup and then in the following
videos we're going to discuss more
specific features that you need to bear
in mind so when you first firstly
download the trading software you may
see something like this now what I've
got in front of me here just a range of
charts and colors and indicators that I
haven't even selected so what we need to
do first of all is to make sure that
we're displaying the right currency
pairs so on the left hand side here I've
got all the currency pairs that are
available to me
so by simply dragging the currency pair
from a left to the right of the chart I
can display any currency pair I want in
any chart that I wish okay so that's the
first thing you want to do the second
thing that you want to do is to make
sure that the time is right at the
bottom okay so this is more important if
you're trading the news or even trying
to stay away from the news so that you
know specifically when the next news
announcement is coming up in terms of
your chart itself the the third thing
you need to do is set the right color
scheme for your chart okay so I'm just
going to kind of zoom into one chart
here so first of all just by
right-clicking or going to properties
all the way that I'd like to trade is to
have the black on white okay so I've got
a preview here in this screen of what
that will look like okay but please bear
in mind guys I'm using m2 for m25 here
so this is
oh the options are going to go through
here obviously based on that but the
same options will apply in a matter was
trading software you have it just they
look it might look a little bit
different so to continue I want to get
rid of the grid as well so I want to
choose none there the up candles are in
white the down session candles are in
black and I want to get rid of volumes
because we're not trading volumes in
forex then I press ok and now I've got a
much clearer chart
I don't trade bar charts so I'm just
going to click this to trade
candlesticks and then zoom in a little
bit to make it easier for me then I'm
going to go down to the indicator window
we're not discussing indicators yet
we're going to do this in other videos
but I just want to get rid of that one
by right-clicking it I think yep delete
indicator and there we go then I'm just
going to minimize this chart ok so this
is what I want all of my charts to look
like so I'm going to do this in every
single chair I'm not going to do it now
but I'm going to do this in every single
chart ok so let's say that we want to
display not six but we want to display a
chart ok so in terms of M - 4 m to 5 I
can do the same thing I can take a
currency place or pair so I've got the
euro Switzer Swiss Swiss franc there
drag it along into the empty space and
then open it up ok don't worry about the
width and height for now just put it
somewhere where you'd like it to be ok
and then I want the Aussie dollar cad
underneath there ok so I'm just going to
move that across here so in terms of the
way this looks is quite messy so the
next thing I need to do is click onto
window and tile these vertically and
just by clicking that I've got a perfect
order a perfect height in a perfect
width of all the charts that I wish to
use so now the setup is finished I can
pick and choose and drag different
currency pairs into different charts ok
so you can change these as often as you
wish and even if you are in big screen
mode you can change which currency pair
you're looking at which is clicking any
of the tabs down here
okay but we're going to like I say we
just want to focus on the setup first
we're going to look at specific features
in the next video