Platform
The best trading trusted platform is the MT4 platform. This trading software is one of the most common software which is used almost by every other trader as well as almost by every online broker.
In this learn MetaTrader 4 platform guide we shall explain the MetaTrader 4 Interface so that new traders wanting to start studying this charting software platform, then can begin from this lesson.
Best Online Platform - MT4 Workspace - Indices Trusted Trade Platforms
From above screen shot of the trading platform MT4 software there are several tool bars as well as chart window.
You can download this online trading platform from your broker's site. Now after you download platform, then you'll need to learn 1 or 2 things about this trading platform:
First thing is how to set-up this trading platform after you download. For example if you download the MetaTrader 4 platform, you'll need to go to a broker first, register for a stock trading practice account then after you sign up for a trading demo stock account you'll be provided with a link where to download MetaTrader 4.
Once you download this software, assuming you do not know much about PC Desktop computers, Launch your Browser >>> Go to tools on the top-left corner of your web browser next to the "file", "edit", "view" & click on tools, choose download folder location, (short cut: once you open your web browser click CTRL+J or CTRL+Y), a download pop-up will appear with the links to the downloaded items. Select the trading software that you as a trader have just downloaded.
Installing MetaTrader 4 Platform
To set-up this software after you have downloaded, launch the downloaded item from where you downloaded, from there an installation pop-up wizard pops up and all you've to do is to follow the setup guideline steps. After setup the trading platformplatform will run automatically/mechanically just like any other computer software. Read tutorial How to install MT4.
You can open MetaTrader 4 platform from the start menu>>> Programs or from the desktop shortcut that appears as a desktop icon labeled MT4 after set-up.
Demo Account Opening and Login
To open an account in MT4 just click on "file" & 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 which pops.
Once youlogin to the trading platform you will get access to charts and other technical analysis tools like indicators that you'll then use to place trades within the stock trading market while linked to your online broker's servers.
Platform Menu Bar & Tool Bars
Menu Bar in MT4 for Navigating within the Trading Software
Menu bar is used to operate & navigate this trading software from one panel. From this panel you as a Stock Index trader can set how to view tool-bars, chart, data panel and even use the file tab to open a stocks account - and also login to your software account.
From the menu bar you as a stock indices trader can click on the view tab and select tool-bars like in the above shown screen shot, these menu bars can be used to setup platform stock charts, indicators, time-frames, & others things like drawing trend lines & Fibo retracement areas & Fib extension levels. To learn how to customize this trading software platform navigate to the MT4 Platform Lesson Section.
Now that we have looked at the tool-bar & menu bar, we will look at the main work-space interface of the MetaTrader 4 software.
Best Online Platform - MT4 Software
Market Watch window - This panel is used to show a stream of the exchange rates that is obtained from your broker. In this market watch panel you as a stock indices trader can right-click anywhere on this panel to choose show all instruments or hide the ones you are not interested in & save some band-width at the same time. No need to have prices for 50 trading instruments if you're only interested 4 financial instruments.
Data Window - Used to set-up Trading Indicators, Expert Advisors and scripts, you as a stock indices trader can click on any of this menu sub items & expand/collapse the indicators or Expert Advisors used for automated trading.
Charts Panel - This is where the stock price moves will be drawn.
Charts Tab - Navigation from one financial instrument to the other is easy, just flip through the trading charts tab as illustrated above.
Terminal - This window is used to display a statement of your trades, profits & loses that you have made in your live stock account or demo stock account. To enlarge this panel and view open trades, just hover the mouse on terminal window toolbar until the cursor pointer changes, click and hold down mouse button and then move cursor pointer upwards.
Connection bars - These are used to explain the connection to internet, red bars mean no internet connection, green bars show there internet connectivity.
Exchange Rates Graph - this shows the exchange rates for indices that you are trading so as to display if the exchange rate is going upwards or downwards.
Advantages of MT4 Platform
In the online stock indices trading market there are many trading platforms/softwares available on the internet. But among the top softwares best trading platform is MetaTrader 4 platform, it's the best trading platform due to and because of following reasons:
Low Internet Band-width Connectivity Requirement
Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber connection: besides, these are not readily available to some residential areas & may be limited to the office buildings. This is why it's best to select a trading platform which requires the minimum bandwidth, MT4 platform software platform. Even with the best online internet connection, sometimes the internet connection might not be available and you might need to use an alternative internet connection like a modem. MT4 software is the least expensive if you're on a modem. To even reduce further the internet band-width usage go to market watch (Short-cut press CTRL+M), Right Click on any financial instrument, Choose "Hide all", now the trading platform will only stream the stock price quotes for the pairs you only need & conserve your bandwidth even further. Especially when using a mobile phone or i Pad or a Tablet where you're paying for phone credit data this can save your data credit. This is one of the reason why MT4 platform is regarded as one of the best trading platforms online.
The easier it is to connect the easier it is open and close out trade positions on time.
Provided by all Online Brokers
Another reason why this software is regarded as one of the best software is because MetaTrader 4 is liked by most traders all online brokers provide it. Once as a learns the MT4 software there is no need to re-learn afresh a new trading software when you move to another stock trading broker. You can still use the same MT4 of the new online broker without the need to learn afresh a new platform software all over again.
Easy Technical Analysis
The other thing which makes this the best trading platform is ease with which you as a Stock Index trader can set-up the technical analysis technical indicators on the charts. Even those using various web traders will do their technical analysis in MT4 platform software and then place their stock orders on their webtrader.
Technical traders can also install custom trading indicators on this software, making it easier to add more technical analysis tools onto this trading software. Others also install Expert Advisors on this trading platform so as to trade mechanically/automatically with these programs referred to as EA Bots.
Best Charts
The MT4 has the best trading software charts representations available & implements many chart time frames from which a investor can select.
Simplicity
Overall the simplicity of this trading software platform & the fact that any investor can learn how to use MT4 platform within one hour makes this the best software for new and experienced stock traders.
According to trading softwaresoftware reviews of the top trading platforms MT4 is the best stock software - Indices Trusted Softwares MetaTrader 4 Platforms. Hence, traders looking for what is the best platform can start trading with the MT4 platform - Indices Trusted Trade Platforms - as it's the best platform & it's very easy to learn.
Get More Tutorials and Topics:
- Fib Extension Stock Index Chart Levels
- How Can I Draw Upwards Trend Lines in MT5 Platform Software?
- Index Systems for Indices Beginner Traders
- Index Equity Management Strategy
- How to Add Momentum Indicator on Stock Index Chart on MetaTrader 4 Platform
- How Index Leverage Greatly Increases Indices Profits & Indices Losses
