Let’s discuss Market Watch, your personal trading hub on Deriv MT5. Think of it as your dashboard, where you can track price movements, analyze assets, and make informed decisions in real-time.

We’re focusing on the full-featured Deriv MT5 desktop terminal, but don’t worry. The core principles remain the same whether you use the web or mobile version!

Market Watch: Your one-stop trading hub

Market Watch displays real-time quotes for all the assets you can trade on Deriv MT5. That includes forex, stocks, commodities, and Deriv’s Derived Indices. Think of it like a stock ticker but customized just for you.

Exploring Market Watch: Key features

Custom symbols tab: Your trading menu

This is the first thing you’ll see when you open Market Watch. It’s a list of all the instruments you can trade, like a menu at a restaurant, except instead of meals, you’re picking markets! You can also:

Add or remove instruments based on your trading interests.
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Customize columns to display valuable data like spreads (the difference between buying and selling prices).

Details tab: The deep dive

Before you jump into a trade, check out the Details tab. It gives you key info about a specific instrument, including:

Opening and closing prices
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Daily highs and lows
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Other market data to help you strategize

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Trading tab: Time to make your move

This is where you execute trades. Enter the amount you want to trade, hit buy or sell, and you’re in the market! Bonus: You can preview your potential profit or loss before confirming your trade.

Ticks tab: The fast lane

The Ticks tab is a go-to for traders who thrive on quick movements. It shows rapid price changes (ticks) for your selected instrument—like watching the market's heartbeat in real-time.

Symbol specification: Know your asset

Want to go even deeper? Symbol specification provides extra details like:

Contract size
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Swap rates (overnight fees)
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Trade hours and more

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Ready to explore Deriv MT5?

Now that you know your way around Market Watch, why not check it out yourself? If you have a Deriv MT5 demo account, log in and start exploring!

Want to learn more? Sign up for free Deriv MT5 courses on Deriv Academy and unlock more trading strategies and platform features. Use the Trading tab; just enter your trade amount, select buy or sell, and confirm your order.

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Quiz

You want to check the highest and lowest prices of the day. Which tab should you open?

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Trading tab

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Details tab

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Ticks tab

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FAQs

Can I customize the Market Watch list?

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Yes! You can add or remove instruments to focus on the markets that matter most to you.

Where can I see real-time price updates?

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The ticks tab shows price changes in real-time, perfect for fast-paced traders.

How do I place a trade on Deriv MT5?

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1. Open Order Window: Right-click on the asset in the 'Market Watch' window or on the chart and select "New Order."

2. Set Trade Parameters:

Symbol: Confirm the instrument you're trading.

Volume: Enter the size of your trade (in lots).
Order Type: Choose between 'Market Execution' (immediate trade) or 'Pending Order' (set for a specific price).
Stop Loss / Take Profit: Optionally, set your Stop Loss and Take Profit levels to manage risk.

3. Click "Buy" or "Sell": Depending on whether you expect the price to go up or down, click the appropriate button (Buy for going long; Sell for going short).

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