Risk warning: Forex/CFDs trading involves significant risk to your invested capital. Please read and make sure that you fully understand our Risk Disclosure Policy.
Open an Account Log In

  • My Account
  • MT5 Terminal Window Basics: Part 1 | WRPRO AcademyEnglish
  • Logout
Trade Trade virtual

Terminal Window Basics – Part 1

MT5 Terminal Window Basics: Part 1 | WRPRO Academy

Terminal Window Basics – Part 1

Unlock exclusive trading videos and eductional content by logging in or creating an account

Practice What You Learned Practice What You Learned

Frequently Asked Questions

What is the Terminal window in MT5?

The Terminal window in MetaTrader 5 (MT5) is the panel at the bottom of the platform used to manage trading activity and account information. It contains tabs such as Trade, Account History, News, and Journal. The Trade tab shows your open positions and pending orders along with live account figures. You can open or hide the Terminal from the View menu or with Ctrl+T.

What does the Trade tab show in MT5?

The Trade tab in the MetaTrader 5 (MT5) Terminal window lists all your currently open positions and any pending orders, showing details like symbol, volume, open price, current price, stop loss, take profit, and floating profit or loss. Below these it displays account summary figures such as balance, equity, and margin. It is the main place to monitor and close active trades.

What is the difference between balance and equity in MT5?

In MetaTrader 5 (MT5), balance is the amount in your account from closed trades only, not counting positions still open. Equity is balance plus or minus the floating profit or loss of your open positions, so it changes in real time as prices move. When you have no open trades, balance and equity are equal. Equity is the truer picture of your account’s current value.

What does margin mean in the MT5 Terminal?

Margin in the MetaTrader 5 (MT5) Terminal is the deposit set aside to open and maintain your leveraged positions. Because CFDs are traded on leverage, only a fraction of the full trade value is required. The Terminal also shows free margin, the funds still available for new trades, and margin level as a percentage. Watching these matters, since leverage magnifies both profits and losses.

How do I close a position from the Terminal window?

To close a trade in MetaTrader 5 (MT5), right-click the position in the Trade tab of the Terminal window and select Close Order, or double-click it to open the order dialog and confirm the close. The position then moves to your Account History. You can also set a stop loss or take profit here so a position closes automatically at a chosen price.

Why can't I see the Terminal window in MT5?

If the Terminal window is missing in MetaTrader 5 (MT5), it may simply be closed or collapsed. Reopen it from the View menu by selecting Terminal, or press Ctrl+T to toggle it. If it appears very small, drag its top edge upward to enlarge it. The Terminal is a standard docked panel, so it normally sits along the bottom of the platform.

MT5 Terminal Window Basics: Part 1 | WRPRO Academy