Understanding contract specifications is crucial for traders as they provide comprehensive information about a specific trading instrument, such as trading hours, spreads, margin requirements, and other key details. This knowledge empowers you to make well-informed trading decisions, making it essential to learn how to access these specifications.
To check the contract specification on the Desktop/Webtrader MT4/5 platform, follow these steps:
- Log in to your MT terminal.
- Open the Market Watch window (CTRL+M or go to View > Market Watch).
- Right-click on the trading instrument you are interested in.
- Select 'Contract Specification' or 'Specification' from the dropdown menu.
To check the contract specification on the Mobile MT4/5 app, follow these steps:
- Open the mobile MT app.
- Navigate to the Quotes section.
- Tap on the trading instrument you want to check.
- Select 'Details' (for iOS) or 'Properties' (for Android).
That's how you can easily access the contract specifications for any trading instrument on desktop and mobile platforms, ensuring you have all the necessary information for your trading activities.