Best Trading Software for MAC
Platforms for Mac - the Best Platform for MAC is the MetaTrader 4 software. This is one of the most common software which is used by almost every other trader as well as by almost every online broker.
In this learn Platforms for Mac guide we shall explain the MetaTrader 4 Interface so that beginner traders wanting to start learning this Best Platform for MAC, can then start from the lesson.
Best Platform for MAC - MetaTrader 4 Workspace
Form the above screenshot of the this software there are several tool bars as well as chart window.
You can download this Best Platform Software for MAC from your online broker's site. Now after you download it, then you'll need to know one or two things about this stock indices software - Softwares for Mac:
First thing is how to set-up this platform after you download. For example if you download the MT4, you will need to go to a online broker first, register for a demo trade account then after you sign up for a practice stock account you'll be provided with a link where to download MT4 Softwares for Mac.
Once you download this software, assuming you don't know much about Desktop computers, Open your Web Browser >>> Navigate to tools at top left corner of your web browser next to 'file', 'edit', 'view' & click on tools, choose download folder place, (shortcut: once you as a trader launch your browser click in CTRL+J or CTRL+ Y), a download pop-up will pop up with links to downloaded items. Choose MetaTrader 4 that you have just downloaded.
Installing MT4 Software
To setup this software platform after you have downloaded, launch the download from where you downloaded, from there an installation pop-pup wizard pops up and all you've to do is to follow the MetaTrader 4 Platform for Mac installation instructions. After installation the Meta Trader 4 Platform for Mac will run automatically just like any other indices software. Read tutorial How to install MT4 platform. This MT4 platform for Mac is easy to install and this is another reason why this software platform is Best Trading Software for MAC.
You can open MetaTrader 4 from the begin menu>>> Programs or from desktop shortcut that appears as a desktop icon marked MetaTrader 4 after set-up.
Demo Account Registering and Log-in
To open an account in 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 & click login from the drop-down menu which pops.
Once yousign in to the MT4 platform you will get access to charts and other technical analysis tools such as technical indicators that you'll then use to place trades within the stock trading market while connected to your indices broker's servers.
Indices Software Menu Bar & Tool Bars
Menu Bar on Meta Trader 4 for Navigating within the Platform - Best indices software
Menu bar is used to operate & navigate this software from one panel. From this panel you can set how to view tool bars, chart, data window & even use the file tab to open a stocks account - & also sign in to your trading account. This menu bar makes this platform easy to operate & this is also why this is Best Trading Software for MAC for beginner traders.
From menu bar you can click the view tab & choose chart tool-bars like in the above screenshot, these menu bars can be used to setup charts, indicators, time frames, & others things like drawing trend lines & Fibonacci retracement zones & Fib extension levels. To learn how to customize this software navigate to the MT4 Course Section.
Now that we have looked at the tool bar & menu bar, we will look at the main work-space interface of the Meta Trader 4 platform.
Best Online Platform - MT4 Best Platform for MAC
Market Watch panel - This window is used to show a stream of the exchange rates that's obtained from your broker. In this marketwatch window panel you can right click anywhere on this panel to choose show all trading financial instruments or hide the ones you're not interested in & save some band-width at the same time. No need to have prices for 50 instruments if you're only interested in 4 instruments. This make this platform easy to use with any internet connectivity another reason why this is the Best Platform for MAC.
Data Window Interface - Used to setup Indicators, Expert-Advisors & scripts, you can click any of this menu sub items and expand/collapse the indicators or Expert-Advisors used for automated indices trading.
Charts Panel - This is where the stock price moves will be drawn.
Charts Tab - Navigation from one instrument to another is easy, just flip through the charts tab as shown above.
Terminal Window - This panel window is used to show a statement of your trade transactions, profits and loses that you have made in your live stock account or demo stocks account. To enlarge this window & view open trade transactions, just hover the mouse on terminal panel tool bar til the cursor pointer changes, click & hold down mouse button & then move cursor pointer upward.
Connection bars - These are used to show the connection to net, red bars mean no net 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 display if the exchange rate is going upward or downward.
Advantages of MT4
In the online stocks market there are many softwares available on the internet. But among the top indices softwares the Best Platform for MAC is the MT4 Stock Indices Platform, it's the best Indices software because of following reasons:
Low Bandwidth Connection Requirement
Not everyone can afford to pay for the best internet connection, the T1, the satellite, ADSL or Fiber internet connection: furthermore, these aren't freely available to some residential areas & might be limited to office buildings. This is why it is best to choose a indices software which requires the minimum bandwidth, MetaTrader 4 software platform. 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. MT4 is the least expensive if you are on a modem. To even reduce further the internet band-width usage go to market watch (Short-cut Key press CTRL+M), Right Click on any financial instrument, Choose 'Hide all', now the software only will stream the stock trading price quotes for pairs which you only need & save your internet band-width even further. Especially when using a phone or i Pad or a Tablet where you're paying for information plan credit this can save your internet credit. This is one of the reason why MT4 is considered as one of the Best Platform for MACs online.
The easier it is to connect the easier it's open & close trades on time.
Provided by all Online Brokers
Another reason why this software is considered as one of the Best Platform for MAC is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a indices trader learns the MT4 platform there's no need to re-learn when you switch to another stock trading online broker. You can still use same MT4 software of the new indices broker without need to learn a new indices software all over again.
Easy Technical Analysis
The other thing that makes this the Best Platform for MAC is the ease with which you can set up the technical analysis indicators on the trading charts. Even those using various web traders will do their trading analysis in MetaTrader 4 chart & then place their stock orders on their web trader.
Technical analysis traders also can set-up custom trading indicators on this software platform, making it easier to add more technical analysis tools onto the platform. Others also install Automated Expert Advisors on this software platform so that to trade automatically with these programs known as automated Expert Advisor Bots.
Best Charts
The MetaTrader 4 has the Best Platform for MAC charts representations available and implements many chart timeframes from which a can choose.
Simplicity
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 Platform for MAC for new and experienced stock traders.
More Courses and Tutorials:
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