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Welcome back to our journey through Deriv MT5! In this session, we’ll focus on Market Watch—a central component of the platform that will help you stay on top of price action and manage your trading with precision. Mastering Market Watch is essential for keeping an eye on your favorite assets and making timely trading choices.

What Is Market Watch?

Market Watch is your real-time hub for tracking prices across all instruments available on Deriv MT5, such as forex pairs, shares, commodities, and more. Consider it your custom dashboard, allowing you to monitor markets that matter most to you from a single, organized interface.

Main functions of Market Watch

• Symbols tab: Upon opening Market Watch, you’ll see the Symbols tab, listing all tradable instruments. To personalize your view, right-click in this tab and select ‘Symbols’ to open the management window. Here, you can add pairs or products by choosing ‘Show Symbol’ or remove them with ‘Hide Symbol,’ keeping your list focused and relevant.
• Bars and Ticks views:
  
  • Bars: This display mode presents market prices as bar graphs over user-defined time intervals (like one minute, every hour, or by day). It’s invaluable for examining trends, tracking volatility, and observing how price interacts with support and resistance.
  • Ticks: This shows every little price change as it happens in your chosen timeframe, great for monitoring micro-movements and short-term volatility.
• Adding all instruments: Want a comprehensive view? Simply right-click in the Symbols tab and select ‘Show All’ to instantly display every available instrument in your watchlist.
• Custom column display: For additional market insight, right-click in the Symbols tab, hover over ‘Columns,’ and pick options (like ‘Spread’) to appear alongside price quotes. This feature helps you quickly compare the spread and other details critical to your trading tactics.
• Details tab: Select this tab to access extensive information on a highlighted instrument, such as its initial and closing prices, session highs and lows, and other essential trading specifications to support deeper market analysis.
• Trading tab: Use this area for direct order entry. It enables you to specify trade volume, select buy or sell, and review information needed to place trades efficiently—all from one spot.
• Ticks tab: If your approach relies on short-term trades or scalping, the Ticks tab provides a continuous stream of live Bid and Ask tick data, helping you catch and react to even the most fleeting price shifts.
• Symbol specification: For a full rundown on each product (covering things like contract size, tick value, overnight swap costs, and active trading hours), right-click within the active tab and choose ‘Specification.’ This data helps you understand the conditions and costs associated with every instrument.

Conclusion

Now that you’ve discovered how to use Market Watch effectively, jump into your Deriv MT5 demo account to put these skills to the test. Organize your instrument list, analyze real-time quotes, and customize your dashboard for the clearest view of your chosen markets.

Leveraging the features of Market Watch will give you a strategic edge, ensuring you’re always prepared with timely, accurate market information. Stay tuned for more practical lessons—and happy trading!