MetaTrader 4 Indices Trading Platform
The best indices trading software is the MT4 Indices software. This is one of the most common indices trading platform that is used almost by every Indices trader as well as almost every online broker.
In this tutorial we shall explain the MT4 Interface so that beginners wanting to start learning this Indices charting software, can then start from this tutorial.
Best Online Indices Trading Platform - MT4 Workspace
Form the above screenshot of the this trading software there are several toolbars as well as chart windows.
You can download this online indices trading platform from your broker's website. Now after you download it, then you will need to learn one or two things about this indices trading platform:
The first thing is how to install this indices trading software after you download. For example if you download the MT4, you will need to go to a indices broker first, register for a demo practice account then after you register for a demo stock indexes trading account you will be provided with a link where to download the MT4.
Now once you download this indices trading platform, assuming you do not know much about computers, Open your Browser >> Go to tools at the top left corner of your browser next to “file”, “edit”, “view” click on tools, select download folder location, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download popup will appear with links to downloaded items. select the software that you have just downloaded.
To install this software after you have downloaded, launch the download from where you downloaded, from there an installation wizard appears and all you have to do is to follow the installation instructions. After installation the platform will run automatically just like any other software. Read tutorial How to install MetaTrader 4 stock indexes trading platform.
You can open the MetaTrader 4 from the start menu>> Programs or from the desktop shortcut that appears as a desktop icon marked MetaTrader 4 after installation.
Demo Account Opening and Login
To open an account on MetaTrader 4 just click on "file" and then on open an account, to login to an account just click on "file" at the top right corner and click login from the drop down menu that appears.
Once you login to the platform you will get access to charts and other technical analysis tools such as technical indicators that you will then use to place trades within the stock indexes trading market while connected to your indices broker's servers.
Indices Trading Platform Menu Bar and Toolbars
Menu Bar on MT4 For Navigating within the Software
Menu bar is used to operate and navigate this indices trading platform from one single panel. From this panel you can set how to view toolbars, chart, data windows and even use the file tab to open a stock indexes trading account - and also login to your account.
Form the menu bar you can click on the view tab and select toolbars like in the above pictured screenshot, these menu bars can be used to set up charts, indicators, time frames, and others things like drawing indices trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this software navigate to this MT4 Indices Trading Platform Tutorial Section.
Now that we have looked at the toolbar and menu bar, we shall look at the main workspace interface of the MetaTrader 4 stock indexes trading platform - MetaTrader 4 Indices Trading Platform - MT4 Indices Trading Platform.
Best Online Indices Trading Platform - MT4
Market Watch window - This window is used to show a stream of the exchange rates that is obtained from your indices broker. In this market watch window you can right click anywhere on this window to select show all trading instruments or hide the ones you are not interested in and save some bandwidth at the same time. No need to have prices for 50 trading instruments if you are only interested in 4 trading instruments.
Charts Panel - This is where the stock indexes price moves will be drawn.
Charts Tab - Navigation from one trading instrument to another is easy, just flip through the charts tab as shown above.
Terminal - This window is used to display a statement of your trades, profits and loses that you have made in your live stock indexes trading account or demo stock indexes trading account. To enlarge this window and view open trades, just hover the mouse on the terminal tool bar until the cursor changes, click and hold down mouse button and then move cursor upwards.
Connection bars - These are used to show the connection to the internet, red bars mean no internet connection, green bars show there is internet connection.
Exchange Rates Graph - this shows the exchange rates for indices that you are trading so as to show if the exchange rate is going up or down.
Advantages of MT4
In the online stock indices market there are many indices trading platforms available around the internet. But among the top indices trading platforms best indices trading platform is the MT4, it is the best Indices software because of the following reasons:
Low Bandwidth Connection Requirement
Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber Optic internet connection; furthermore, these are not freely available to some residential areas and may be limited to office buildings. This is why it is best to choose a indices trading platform that requires the minimum bandwidth, the MT4. Even with the best connection, sometimes the connection may not be available and you may need to use an alternative connection like the dial up or modem. MetaTrader 4 is the least expensive if you are on a modem. To even reduce further the internet bandwidth usage go to market watch (Shortcut press CTRL+M), Right Click on any trading instrument, Select “Hide all”, now the platform will only stream the stock indexes price quotes for the pairs you only need and conserve your bandwidth even further. Especially when using a mobile phone or i Pad or a Tablet where you are paying for phone credit this can save your credit. This is one of the reason why the MetaTrader 4 is considered as one of the best indices trading platforms online.
The easier it is to connect the easier it is open and close trades on time.
Provided by all Brokers
Another reason why this Indices software is considered as one of the best indices trading platform is because MetaTrader 4 is liked by most indices traders all brokers provide it. Once as an investor learns the MT4 stock indexes trading platform there is no need to re-learn when you switch to another stock indexes trading broker. You can still use the same MT4 of the new indices broker without the need to learn a new platform all over again.
Easy Technical Analysis
The other thing that makes this the best indices trading platform is the ease with which you can set up the technical analysis indicators on the indices charts. Even those using various web traders will do their technical analysis on the MT4 and then place their stock indices orders on their web trader.
Technical traders can also install custom indicators on this software, making it easier to add more technical analysis tools onto this software. Others also install automated Expert Advisors on this indices trading platform so as to trade automatically with these programs known as automated EA Indices Trading Robots.
The MetaTrader 4 has the best indices trading platform charts representations available and implements many chart time frames from which an investor can choose.
Overall the simplicity of this software and the fact that any investor can learn how to use MetaTrader 4 within one hour makes this the best trading platform for new and experienced stock indexes traders.
According to indices trading platform reviews of the top indices trading platforms MT4 is the best indices trading platform. Therefore, traders looking for what is the best indices trading platform can start trading with the MT4 Indices software as it is the best software and it is very easy to learn.
MT4 Indices Trading Platform - MetaTrader 4 Indices Trading Platform - MT4 Indices Trading Platform