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What is Market Watch?

Market Watch is where you can find live quotes for all the instruments available for trading on Deriv MT5, including currencies, stocks, commodities, and more. Think of it as your personalized watchlist, allowing you to easily track everything you're interested in from one convenient location.
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Key Features of Market Watch

1. Symbols Tab: This tab is the first thing you’ll see when you access Market Watch. It displays a list of all available trading instruments. To customize this list, right-click within the Symbols tab and select ‘Symbols’ to open the symbols window. From there, navigate to ‘Specifications’ to browse, add, or remove instruments from your watchlist. You can keep your watchlist relevant by selecting ‘Show Symbol’ for instruments you want to add or ‘Hide Symbol’ for those you wish to remove.
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2. Bars and Ticks: Within Market Watch, you can switch between 'Bars' and 'Ticks' views:
   
   • Bars: This view presents price movements as bars over a selected time frame (e.g., 1 minute, hourly, daily). By analyzing the opening, highest, lowest, and closing prices within each bar, you can gain insights into market trends, volatility, and key support and resistance levels.
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   • Ticks: This feature displays individual price changes according to your chosen time frame, enabling you to track minute-by-minute fluctuations in price.
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3. Adding Instruments: To quickly add all available instruments to your watchlist, right-click within the Symbols tab and select the ‘Show All’ option. This action enables you to monitor all instruments effortlessly.
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4. Customizing Columns: You can tailor your watchlist to show additional details along with the prices. For instance, if you want to view spreads alongside the prices, right-click anywhere in the Symbols tab, hover over ‘Columns,’ and select ‘Spread.’ This customization helps you view the information most relevant to your trading strategy.
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5. Details Tab: The Details tab provides comprehensive information about the selected instrument, including critical data such as opening and closing prices, daily highs and lows, and other relevant trading details, aiding your analysis and decision-making process.
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6. Trading Tab: This tab simplifies the process of opening positions. You can enter your desired trade size and select the direction you wish to trade. It provides all the necessary information for executing your trades efficiently.
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7. Ticks Tab: This section shows real-time tick data for the selected instrument, displaying Bid and Ask prices for each tick. This is particularly useful for traders who use scalping or other short-term strategies that rely on quick price movements.
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8. Symbol Specification: To access detailed specifications about each trading instrument, right-click within the Symbols, Details, or Trading tab and select ‘Specification’ from the context menu. Here, you will find information about contract size, tick value, swap rates, trading hours, and other pertinent conditions.

Conclusion

Now that you are familiar with the various features of Market Watch and how to navigate them effectively, consider logging into your Deriv MT5 demo account to practice. Customize your watchlist with the instruments that interest you most, and get acquainted with real-time quotes and valuable market information.

Utilizing Market Watch will significantly enhance your trading activities, allowing you to make informed decisions based on comprehensive market data. Stay tuned for more lessons, and happy trading!

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