How To Buy a Share of Amazon On a Metatrader Platform
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  • Blog Articles  >  Beginner

15 April 2025,02:00

Beginner

How To Buy a Share of Amazon On a Metatrader Platform

15 April 2025, 02:00

Share on:
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Share on:
FacebookLinkedInTwitterShare

In this ever-changing world economy, it is imperative to diversify one’s financial assets and explore different options for income. Every day, breaking news hits the job, housing, and business markets, which may or may not impact you directly but indeed affect the broader economy. In such conditions, safeguarding your finances should be a priority. There are many different ways that you can do that and make sure that you and your loved ones are secure, and one such income source that requires minimal effort and has great potential is trading in the share market. 

Trading in the share market refers to the buying and selling shares of a particular company or a group of companies. The main objective is to make money by buying the share at a lower price and selling it for a higher price. The difference in the prices is your profit. Interestingly, you own a small part when you buy a company share. Now, it is up to you and your trading strategy whether you want to hold the position in the company and wait for it to grow and make even more profit or whether you would like to capitalise on sudden market movements and sell early. However, if you choose to trade, which will become your trading strategy, perfecting it may take some time and experience. 

The easiest way to get started in a share market is through online trading platforms, which allow traders from all backgrounds to create an account, verify it, fund it, and trade it in various markets and asset classes. These highly advanced platforms offer a great selection of useful tools that traders can use to make viable financial decisions and, to some extent, predict the market. The most important thing to remember while using these platforms is to understand how to minimise loss. Traders use risk mitigation techniques, including putting stop-loss orders and diversifying the portfolio by trading different asset classes. 

Another big task in trading in the share market is understanding which company’s share is worth your money. The biggest names in the share market include Tesla, Nvidia, Meta, Bitcoin, S&P500, and Amazon. Amazon is a multinational technology company and is among the most heavily traded and famous companies in the share market for various reasons. Almost everyone in the learned world has heard of Amazon one way or another, has placed and gotten an order through it, knows who Jeff Bezos is, has watched or heard of a tv show on Amazon Prime, and has owned and read a book on a Kindle. Thus, Amazon has come a long way since its conception in 1994 and has spread across various consumer markets like wildfire.

According to a report in 2022, Amazon’s revenue is 514 billion USD, and the company intends to expand. The market value of a single Amazon share fluctuates based on factors like world economic news, supply and demand, company news, and more, but over time, the price has shown a consistent uptrend. But the question remains: is it a good company to invest in? Each trader’s answer to this question varies according to their financial goals and strategies. As there are various ways to trade and profit from the trading market, a trader must decide, based on their aesthetics and goals, which asset class or company they should invest in and their strategy. 

In any case, the trading world and the share market are volatile, so it is of utmost importance that before jumping on a trade, you do your due diligence and understand all the risks involved. Here, we explain how to buy a share of Amazon on a MetaTrader platform, but this tutorial can be expanded to buy any share of your chosen company. 

Step 1: Choosing a Trading Platform Account

The first step in buying a share of Amazon is to choose a trading platform and open your brokerage account. A brokerage account allows traders to buy and sell different asset classes from other companies. Brokerage firms offer all brokerage accounts through their platforms. These firms or platforms act as the middlemen between you and various financial markets like the stock or commodities markets. As explained earlier, there are various ways that a trader can trade stocks and make a profit through these platforms. So, each platform also offers a wide range of acceptable trading strategies. One important strategy is speculative trading through Contract for Difference or CFDs. 

In CFD trading, the trader aims to profit by speculating an asset’s price movements without actually owning the asset. The key for traders here is to remain updated with the latest price fluctuations and a robust platform that can perform quick execution orders without any latency. Additionally, analytical tools that provide an in-depth report on real-time market sentiment are crucial when engaging in speculative CFD trading. One of the most essential brokerage platforms for CFD trading is MetaTrader 5 or MT5. 

MetaTrader 5 is a multi-asset trading software with various analytical tools and advanced features. MetaQuotes, a prominent developer in the trading world, developed it. MetaQuotes released MetaTrader 5 in 2010 and has been perfecting it by adding new tools and features. The MT5 is an all-in-one platform where traders can buy and sell assets and, most importantly, analyse trades and speculate price movements. This is possible due to around 80 different tools and analytical measures MT5 offers on the platform. Additionally, MT5 offers a range of educational content on general and specific trading and all its tools and comprehensive features so that users can easily navigate the platform. 

Now that we know what MT5 is and what it has to offer, we can start setting up a MetaTrader account for traders. MT5 does not offer brokerage services and works through other brokerage platforms that serve as a bridge between traders and financial markets. You have to find a broker that offers MT5 as a trading platform. You can find a broker directly from the MT5 platform or look for one online. While selecting a broker, make sure that you consider the associated fees, their credibility, and ease of access, and conduct your own due diligence. This will help you in making a good decision.  

Step 2: Download and Set Up MetaTrader

After selecting your broker, the next step is accessing MetaTrader 5. MetaTrader 5 can be accessed via two main routes: the web or the software. The web version of MT5 is lightweight and requires no software download. The website can be accessed and comfortably run on almost all famous web browsers, such as Google Chrome, Mozilla Firefox, Opera, Microsoft Edge, and Safari. This can be done on a computer, tablet, or smartphone.

Alternatively, the MT5 platform can also be accessed by downloading the software on your device. The MT5 software is robust and runs more smoothly than the website. The software can be downloaded from the official MT5 website for various devices and operating software like Windows, macOS, iOS, and Android. Here are the specific requirements for the different operating software running MT5:

  • MT5 can run on Windows 7 and above with either 32-bit or 64-bit. A dual high processor with at least 2GB or more is recommended for smooth running. Around 150 MB of free disk space is required to download the software. 
  • macOS 10.14 or higher can run MT5. A dual high processor with at least 4GB or more is recommended for smooth running. Around 150 MB of free disk space is required to download the software. 
  • iOS 12.0 or higher can run the MT5. Almost all devices running iOS software might be compatible with the MT5. Around 50 MB of space is required for installation.
  • Android 5.0 or higher can run MT5. A minimum Quad-core processor and a minimum of 2GB is required. Additionally, around 50 MB of space is required for installation.  

After successfully accessing MT5, you will be prompted to log in with your account or create a new one. Follow the prompt to create a new one, and you will be directed to register your account. Follow the following steps:

  • In the platform’s “File” menu, select the “Open an Account” option. 
  • Select a server provided by your broker to make a live account. Or
  • Select the demo account option to make a demo account. We recommend making a demo account before making a live one for beginners. 
  • Please complete the registration form with the rest of your details. Make sure that you provide accurate details that match your personal documents. 
  • Submit the form after filling out the details. 
  • Receive your login credentials and keep them secure. 

Carefully enter your account credentials and start setting up your account. This will take some time as there are so many tools and features to go through, and you might not even need to use them all, so make sure that you follow the prompts of the platform and familiarise yourself with the basics. Understand where the tabs and buttons are and what they mean. You are all ready to start trading. For experienced traders with live accounts, you must deposit funds before making orders. In the case of demo accounts, no real deposits need to be made. 

Step 3: Fund Your Account

The third step in buying a share of Amazon on a MetaTrader platform is funding your account. As explained earlier, MT5 does not offer brokerage services and works through other brokerage platforms that serve as a bridge between traders and financial markets. This means that to trade through MT5, you must fund the associated brokerage account. On your brokerage platform, navigate to adding funds to the account. It will most likely be labelled as “Deposit Funds” or “Fund Account”. 

Most of these platforms offer a bunch of ways that you can fund the account, and they include:

  • Simple bank transfers may take 1-5 business days, depending on your bank and the deposit amount.
  • Credit or debit card transfers may be instant but incur fees.
  • Crypto deposits may not be present on every platform.
  • E-wallet transfers may have the lowest associated fees. 

You can choose any of these ways to deposit funds into your account, but make sure that you are thoroughly aware of all the associated fees of the deposit and the platform. Different brokerage platforms often have hidden fees, surcharges, and more, which can be annoying to pay and may catch you by surprise, so make sure you are fully aware of them and have planned accordingly. Finally, enter the correct deposit amount and hit deposit. It is up to you how much you want to deposit in the account, but we recommend only depositing the amount that aligns with your financial situation. 

Next, ensure that the account is funded and the correct amount is in it. Depending on the brokerage platform, the amount, and the source, it may take some time for your MT5 account to reflect the deposit. Once the MT5 account shows the amount, you can trade. 

Step 4: Search for Amazon Stock

The next step is to search for the stock you would like to trade, which is Amazon. Each stock company is listed in a short form of its name on the stock market. For example, Tesco is listed as TSCO, Vodafone Group as VOD, and Amazon as AMZN. A few times, more than one company may have a similar acronym, and the trader should double-check and ensure that the stock they are trading is indeed their choice. 

As explained, MT5 allows speculative trading through CFDs, which allows traders to trade stocks without owning them. You will find Amazon listed as AMZN in MT5. Search for the exact stock in the Market Watch section of MT5 because sometimes, different platforms may have listed the stock under slightly varied names. To verify that you are trading the correct stock, look for Amazon.com Inc., which is written near AMZN. On the stock page, you can look up information about the stock, its performance over time, major related news, and expert opinions from different traders. 

Step 5: Analyse Amazon’s Stock

Before you invest or trade any stock, you must analyse its performance and understand what factors affect it. The trading markets are pretty volatile, and a big credit goes to market sentiment created by the buyers and the sellers. There is no hard and fast rule for the market to go up or down, but traders look for specific indications to help them understand where the market is headed. Most platforms offer many such indicators and technical analysis tools that can be very helpful in predicting trends. However, as no A to Z guide exists, each trader speculates and predicts based on their experience and historical data.

On the AMZN page on MT5, traders can review stock price history, past performance, and potential future performance indicators. All of these will help in making decisions like whether trading this stock is a viable financial decision; if it is, then when to enter the trade, how long the position should be held, what capital should be invested, what sort of risk mitigation techniques should be used, and more. In CFD and almost every type of trading, the trader must have some trading goals and strategies. This not only helps in minimising loss by avoiding unwanted circumstances but also by keeping the intentions true to the goal. 

Step 6: Place an Order

The next step here is to place your order. Since this is CFD trading, you will speculate on price differences and not own shares. There are two main ways that an order can be placed. One way is to place a market order when you buy the stock at its current market price. A market order is placed when the trader wants a quick entry point and will accept whatever stock price is currently labelled in the market. The second way of placing an order is through a limit order. A limit order is placed when the trader speculates that the stock price will go down, and when it does, the platform will buy the stock in the trader’s name. In a limit order, the traders need to specify a price range. The order will be placed if this price range is reached within the allotted time frame. 

Once the order is placed, the platform may take some time to process and complete the order, depending on the platform and the type of the order. In the case of MT5, if your internet connection is fast and everything else is in good shape, the order can be processed within seconds. 

Step 7: Monitor Your Investment

After placing the order, the most crucial step is to monitor your investment. Even after utilising technical analysis tools and indicators, closely understanding the factors that affect your stock’s market performance, doing historical analysis, and more, the stock market can become volatile, and your potential profits can turn into losses. This is why monitoring and adjusting your trades is highly recommended. 

There are a few ways that you can monitor your investments. These ways include price alerts, chart tools, and news feeds. You can set up email and text alerts of price movements, associated news, and expert opinions of the stocks of your interest. Once you have deeply understood everything there is to know about short-term investments, we encourage you to also look inside the world of long-term investments. They may not be as exciting and volatile, but they have much to offer. They are also a great way of diversifying your portfolio while staying in the trading world. 

Amazon is a multinational technology company that is among the most heavily traded and famous companies in the share market for various reasons. During this economic volatility, everyone must explore different sources of income. With the proper knowledge and strategies, anybody can get started in the trading world. MetaTrader 5 allows CFD trading of Amazon shares, which means that traders can make potential profits from price fluctuations of the stock without owing the actual stock. 

MT5 is a great trading platform, but it does not offer brokerage services. Therefore, you should first create a separate brokerage account on your choice of brokerage platform and link it to MT5. The brokerage account should be funded, and the amount will be reflected in your MT5 account. Next, you must look for the stock you want to trade, which will be listed as AMZN. On the stock page, you can look up information about the stock, its performance over time, major related news, and expert opinions from different traders. 

Next, place the order either at market price or at a lesser price and monitor it closely. Make adjustments accordingly and sell according to your strategy. This is how you buy a share of Amazon on a MetaTrader 5 platform. We recommend devising your trading strategy and goals before jumping into any trade. This will help you make decisions in your time of need and help you on the path to profits. 

Additional Tips

If you are unsure about using real capital for trading or do not understand the platform and its use, we recommend you start with a demo account. A demo account differs from a live account based on tangible capital, risk, and market conditions. Beginners use a demo account to familiarise themselves with and understand the trading process in simulated real-world financial market conditions with fake assets and no actual capital involvement. In contrast, a live account is an account traders use to trade with real-world assets bought from real capital under actual market conditions and with involved risk. By using a demo account, traders can perfect their strategies, learn the ways of the platform and the markets, and potentially safeguard their capital from potential losses. 

Another essential tip we recommend is setting realistic expectations from the strategy and the trade. The success of any trade depends on your strategy, but the market may often experience terrible and unprecedented turbulence that you may not have accounted for. So, if you are a new trader and just beginning your trading journey, we recommend taking it slow and step-by-step. This will help you in curbing your losses and learn from those little mistakes. 

Step into the world of trading with confidence today. Open a free PU Prime live CFD trading account now to experience real-time market action, or refine your strategies risk-free with our demo account.

Disclaimer

This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.

This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.

PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.

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  • Blog Articles  >  Beginner

15 April 2025,02:00

Beginner

How To Buy a Share of Amazon On a Metatrader Platform

15 April 2025, 02:00

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

In this ever-changing world economy, it is imperative to diversify one’s financial assets and explore different options for income. Every day, breaking news hits the job, housing, and business markets, which may or may not impact you directly but indeed affect the broader economy. In such conditions, safeguarding your finances should be a priority. There are many different ways that you can do that and make sure that you and your loved ones are secure, and one such income source that requires minimal effort and has great potential is trading in the share market. 

Trading in the share market refers to the buying and selling shares of a particular company or a group of companies. The main objective is to make money by buying the share at a lower price and selling it for a higher price. The difference in the prices is your profit. Interestingly, you own a small part when you buy a company share. Now, it is up to you and your trading strategy whether you want to hold the position in the company and wait for it to grow and make even more profit or whether you would like to capitalise on sudden market movements and sell early. However, if you choose to trade, which will become your trading strategy, perfecting it may take some time and experience. 

The easiest way to get started in a share market is through online trading platforms, which allow traders from all backgrounds to create an account, verify it, fund it, and trade it in various markets and asset classes. These highly advanced platforms offer a great selection of useful tools that traders can use to make viable financial decisions and, to some extent, predict the market. The most important thing to remember while using these platforms is to understand how to minimise loss. Traders use risk mitigation techniques, including putting stop-loss orders and diversifying the portfolio by trading different asset classes. 

Another big task in trading in the share market is understanding which company’s share is worth your money. The biggest names in the share market include Tesla, Nvidia, Meta, Bitcoin, S&P500, and Amazon. Amazon is a multinational technology company and is among the most heavily traded and famous companies in the share market for various reasons. Almost everyone in the learned world has heard of Amazon one way or another, has placed and gotten an order through it, knows who Jeff Bezos is, has watched or heard of a tv show on Amazon Prime, and has owned and read a book on a Kindle. Thus, Amazon has come a long way since its conception in 1994 and has spread across various consumer markets like wildfire.

According to a report in 2022, Amazon’s revenue is 514 billion USD, and the company intends to expand. The market value of a single Amazon share fluctuates based on factors like world economic news, supply and demand, company news, and more, but over time, the price has shown a consistent uptrend. But the question remains: is it a good company to invest in? Each trader’s answer to this question varies according to their financial goals and strategies. As there are various ways to trade and profit from the trading market, a trader must decide, based on their aesthetics and goals, which asset class or company they should invest in and their strategy. 

In any case, the trading world and the share market are volatile, so it is of utmost importance that before jumping on a trade, you do your due diligence and understand all the risks involved. Here, we explain how to buy a share of Amazon on a MetaTrader platform, but this tutorial can be expanded to buy any share of your chosen company. 

Step 1: Choosing a Trading Platform Account

The first step in buying a share of Amazon is to choose a trading platform and open your brokerage account. A brokerage account allows traders to buy and sell different asset classes from other companies. Brokerage firms offer all brokerage accounts through their platforms. These firms or platforms act as the middlemen between you and various financial markets like the stock or commodities markets. As explained earlier, there are various ways that a trader can trade stocks and make a profit through these platforms. So, each platform also offers a wide range of acceptable trading strategies. One important strategy is speculative trading through Contract for Difference or CFDs. 

In CFD trading, the trader aims to profit by speculating an asset’s price movements without actually owning the asset. The key for traders here is to remain updated with the latest price fluctuations and a robust platform that can perform quick execution orders without any latency. Additionally, analytical tools that provide an in-depth report on real-time market sentiment are crucial when engaging in speculative CFD trading. One of the most essential brokerage platforms for CFD trading is MetaTrader 5 or MT5. 

MetaTrader 5 is a multi-asset trading software with various analytical tools and advanced features. MetaQuotes, a prominent developer in the trading world, developed it. MetaQuotes released MetaTrader 5 in 2010 and has been perfecting it by adding new tools and features. The MT5 is an all-in-one platform where traders can buy and sell assets and, most importantly, analyse trades and speculate price movements. This is possible due to around 80 different tools and analytical measures MT5 offers on the platform. Additionally, MT5 offers a range of educational content on general and specific trading and all its tools and comprehensive features so that users can easily navigate the platform. 

Now that we know what MT5 is and what it has to offer, we can start setting up a MetaTrader account for traders. MT5 does not offer brokerage services and works through other brokerage platforms that serve as a bridge between traders and financial markets. You have to find a broker that offers MT5 as a trading platform. You can find a broker directly from the MT5 platform or look for one online. While selecting a broker, make sure that you consider the associated fees, their credibility, and ease of access, and conduct your own due diligence. This will help you in making a good decision.  

Step 2: Download and Set Up MetaTrader

After selecting your broker, the next step is accessing MetaTrader 5. MetaTrader 5 can be accessed via two main routes: the web or the software. The web version of MT5 is lightweight and requires no software download. The website can be accessed and comfortably run on almost all famous web browsers, such as Google Chrome, Mozilla Firefox, Opera, Microsoft Edge, and Safari. This can be done on a computer, tablet, or smartphone.

Alternatively, the MT5 platform can also be accessed by downloading the software on your device. The MT5 software is robust and runs more smoothly than the website. The software can be downloaded from the official MT5 website for various devices and operating software like Windows, macOS, iOS, and Android. Here are the specific requirements for the different operating software running MT5:

  • MT5 can run on Windows 7 and above with either 32-bit or 64-bit. A dual high processor with at least 2GB or more is recommended for smooth running. Around 150 MB of free disk space is required to download the software. 
  • macOS 10.14 or higher can run MT5. A dual high processor with at least 4GB or more is recommended for smooth running. Around 150 MB of free disk space is required to download the software. 
  • iOS 12.0 or higher can run the MT5. Almost all devices running iOS software might be compatible with the MT5. Around 50 MB of space is required for installation.
  • Android 5.0 or higher can run MT5. A minimum Quad-core processor and a minimum of 2GB is required. Additionally, around 50 MB of space is required for installation.  

After successfully accessing MT5, you will be prompted to log in with your account or create a new one. Follow the prompt to create a new one, and you will be directed to register your account. Follow the following steps:

  • In the platform’s “File” menu, select the “Open an Account” option. 
  • Select a server provided by your broker to make a live account. Or
  • Select the demo account option to make a demo account. We recommend making a demo account before making a live one for beginners. 
  • Please complete the registration form with the rest of your details. Make sure that you provide accurate details that match your personal documents. 
  • Submit the form after filling out the details. 
  • Receive your login credentials and keep them secure. 

Carefully enter your account credentials and start setting up your account. This will take some time as there are so many tools and features to go through, and you might not even need to use them all, so make sure that you follow the prompts of the platform and familiarise yourself with the basics. Understand where the tabs and buttons are and what they mean. You are all ready to start trading. For experienced traders with live accounts, you must deposit funds before making orders. In the case of demo accounts, no real deposits need to be made. 

Step 3: Fund Your Account

The third step in buying a share of Amazon on a MetaTrader platform is funding your account. As explained earlier, MT5 does not offer brokerage services and works through other brokerage platforms that serve as a bridge between traders and financial markets. This means that to trade through MT5, you must fund the associated brokerage account. On your brokerage platform, navigate to adding funds to the account. It will most likely be labelled as “Deposit Funds” or “Fund Account”. 

Most of these platforms offer a bunch of ways that you can fund the account, and they include:

  • Simple bank transfers may take 1-5 business days, depending on your bank and the deposit amount.
  • Credit or debit card transfers may be instant but incur fees.
  • Crypto deposits may not be present on every platform.
  • E-wallet transfers may have the lowest associated fees. 

You can choose any of these ways to deposit funds into your account, but make sure that you are thoroughly aware of all the associated fees of the deposit and the platform. Different brokerage platforms often have hidden fees, surcharges, and more, which can be annoying to pay and may catch you by surprise, so make sure you are fully aware of them and have planned accordingly. Finally, enter the correct deposit amount and hit deposit. It is up to you how much you want to deposit in the account, but we recommend only depositing the amount that aligns with your financial situation. 

Next, ensure that the account is funded and the correct amount is in it. Depending on the brokerage platform, the amount, and the source, it may take some time for your MT5 account to reflect the deposit. Once the MT5 account shows the amount, you can trade. 

Step 4: Search for Amazon Stock

The next step is to search for the stock you would like to trade, which is Amazon. Each stock company is listed in a short form of its name on the stock market. For example, Tesco is listed as TSCO, Vodafone Group as VOD, and Amazon as AMZN. A few times, more than one company may have a similar acronym, and the trader should double-check and ensure that the stock they are trading is indeed their choice. 

As explained, MT5 allows speculative trading through CFDs, which allows traders to trade stocks without owning them. You will find Amazon listed as AMZN in MT5. Search for the exact stock in the Market Watch section of MT5 because sometimes, different platforms may have listed the stock under slightly varied names. To verify that you are trading the correct stock, look for Amazon.com Inc., which is written near AMZN. On the stock page, you can look up information about the stock, its performance over time, major related news, and expert opinions from different traders. 

Step 5: Analyse Amazon’s Stock

Before you invest or trade any stock, you must analyse its performance and understand what factors affect it. The trading markets are pretty volatile, and a big credit goes to market sentiment created by the buyers and the sellers. There is no hard and fast rule for the market to go up or down, but traders look for specific indications to help them understand where the market is headed. Most platforms offer many such indicators and technical analysis tools that can be very helpful in predicting trends. However, as no A to Z guide exists, each trader speculates and predicts based on their experience and historical data.

On the AMZN page on MT5, traders can review stock price history, past performance, and potential future performance indicators. All of these will help in making decisions like whether trading this stock is a viable financial decision; if it is, then when to enter the trade, how long the position should be held, what capital should be invested, what sort of risk mitigation techniques should be used, and more. In CFD and almost every type of trading, the trader must have some trading goals and strategies. This not only helps in minimising loss by avoiding unwanted circumstances but also by keeping the intentions true to the goal. 

Step 6: Place an Order

The next step here is to place your order. Since this is CFD trading, you will speculate on price differences and not own shares. There are two main ways that an order can be placed. One way is to place a market order when you buy the stock at its current market price. A market order is placed when the trader wants a quick entry point and will accept whatever stock price is currently labelled in the market. The second way of placing an order is through a limit order. A limit order is placed when the trader speculates that the stock price will go down, and when it does, the platform will buy the stock in the trader’s name. In a limit order, the traders need to specify a price range. The order will be placed if this price range is reached within the allotted time frame. 

Once the order is placed, the platform may take some time to process and complete the order, depending on the platform and the type of the order. In the case of MT5, if your internet connection is fast and everything else is in good shape, the order can be processed within seconds. 

Step 7: Monitor Your Investment

After placing the order, the most crucial step is to monitor your investment. Even after utilising technical analysis tools and indicators, closely understanding the factors that affect your stock’s market performance, doing historical analysis, and more, the stock market can become volatile, and your potential profits can turn into losses. This is why monitoring and adjusting your trades is highly recommended. 

There are a few ways that you can monitor your investments. These ways include price alerts, chart tools, and news feeds. You can set up email and text alerts of price movements, associated news, and expert opinions of the stocks of your interest. Once you have deeply understood everything there is to know about short-term investments, we encourage you to also look inside the world of long-term investments. They may not be as exciting and volatile, but they have much to offer. They are also a great way of diversifying your portfolio while staying in the trading world. 

Amazon is a multinational technology company that is among the most heavily traded and famous companies in the share market for various reasons. During this economic volatility, everyone must explore different sources of income. With the proper knowledge and strategies, anybody can get started in the trading world. MetaTrader 5 allows CFD trading of Amazon shares, which means that traders can make potential profits from price fluctuations of the stock without owing the actual stock. 

MT5 is a great trading platform, but it does not offer brokerage services. Therefore, you should first create a separate brokerage account on your choice of brokerage platform and link it to MT5. The brokerage account should be funded, and the amount will be reflected in your MT5 account. Next, you must look for the stock you want to trade, which will be listed as AMZN. On the stock page, you can look up information about the stock, its performance over time, major related news, and expert opinions from different traders. 

Next, place the order either at market price or at a lesser price and monitor it closely. Make adjustments accordingly and sell according to your strategy. This is how you buy a share of Amazon on a MetaTrader 5 platform. We recommend devising your trading strategy and goals before jumping into any trade. This will help you make decisions in your time of need and help you on the path to profits. 

Additional Tips

If you are unsure about using real capital for trading or do not understand the platform and its use, we recommend you start with a demo account. A demo account differs from a live account based on tangible capital, risk, and market conditions. Beginners use a demo account to familiarise themselves with and understand the trading process in simulated real-world financial market conditions with fake assets and no actual capital involvement. In contrast, a live account is an account traders use to trade with real-world assets bought from real capital under actual market conditions and with involved risk. By using a demo account, traders can perfect their strategies, learn the ways of the platform and the markets, and potentially safeguard their capital from potential losses. 

Another essential tip we recommend is setting realistic expectations from the strategy and the trade. The success of any trade depends on your strategy, but the market may often experience terrible and unprecedented turbulence that you may not have accounted for. So, if you are a new trader and just beginning your trading journey, we recommend taking it slow and step-by-step. This will help you in curbing your losses and learn from those little mistakes. 

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How To Buy a Share of Amazon On a Metatrader Platform

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