MT4 Software for Trading/Transacting - MT4 Software

MT4 Platforms - MT4 Softwares

The following screen-shot below indicates the main MetaTrader 4 platform inter-face. As a beginner trader trying to learn how to execute orders in the online trading market, the main trading tool for trading the market is the MetaTrader 4 platform software. This MetaTrader 4 platform software is the software which you will connect to your online broker with & execute stock trades & monitor your trading account balance from this MetaTrader 4 platform software.

The MetaTrader 4 platform software is offered for free through the various broker web-sites. This MetaTrader 4 platform software looks like the exemplifications below:

Main Areas of this MetaTrader 4 platform software as displayed and shown above are:

1. MT4 Navigation Menus
2. ToolBars
3. MetaTrader 4 Chart Panel
4. MetaTrader 4 Navigator Window Panel
5. MetaTrader 4 Market-Watch WindowPanel
6. MT4 Terminal
7. MetaTrader 4 Connection Bars

For this MetaTrader 4 guide we shall look at a brief introduction for each of the learn MetaTrader 4 platform:

1. Navigation Menus

The MetaTrader 4 navigating menus are:

1. File Tab
2. View Tab
3. Insert Tab
4. Charts Tab
5. Tools Tab
6. Window Tab
7. Help Tab

These are the main MetaTrader 4 navigation menus which can be used to navigate the MetaTrader 4 platform software. As a beginner trader you as a stock indices trader can begin by pressing any of these MT4 navigation menus to accustom yourself with various MT4 buttons which are organized as MT4 submenus within these MetaTrader 4 navigating menus.

The MetaTrader 4 navigation menus will be elaborated and covered & explained in details and particulars in the next MT4 lessons about navigating menus.

2. ToolBars

The MetaTrader 4 tool-bars are used to manipulate MetaTrader 4 charts, either by placing MetaTrader 4 indicators, MetaTrader 4 line studies, change MT4 time-frames and load MetaTrader 4 template from a listing of saved MetaTrader 4 templates.

These MetaTrader 4 toolbars will be discussed on other MetaTrader 4 tutorials that will outline each MetaTrader 4 button on this MetaTrader 4 tool-bar & how to add and customize these MT4 tool bars.

3. Chart Window Panel

This MT4 chart window is the main area where MT4 charts are shown and a indices trader can interpret and analyze the trend direction of a MT4 chart whether up or down, place MetaTrader 4 chart technical indicators for technical analysis and even place orders from these MetaTrader 4 charts.

4. Navigator

MT4 Navigator will contain data about MetaTrader 4 accounts, whether practice or real, this MetaTrader 4 window will also have a list of all MT4 indicators and also MT4 Automated EAs & scripts.

One can select which MT4 trading account to sign in by expanding the Accounts menu, choose an MetaTrader 4 indicator by expanding the MetaTrader 4 indicator menu or choose an MetaTrader 4 Automated EA by expanding the Expert Advisor EA menu.

5. MarketWatch

MetaTrader 4 Market watch is used to show streaming trading quotes for MetaTrader 4 trading quotes. This can list as many quotes that are offered by your MetaTrader 4 broker or a couple of chosen by a stock indices trader. To conserve internet band width, right-click inside MetaTrader 4 market-watch window and select "Hide All", to hide the currencies that you're not transacting on this MetaTrader 4 platform software & save on inter-net band width.

6. Terminal

This is MetaTrader 4 window that is like the bank account trade area for your MetaTrader 4 stock trades, on this MetaTrader 4 panel you as a Stock Index trader can view your account balance, profit and losses statement, equity, margin used and also to retrieve a copy of all your MetaTrader 4 stock trade transactions history.

This MetaTrader 4 panel will also list all open stock trade positions & calculate all the profit & loss in real-time as the indices currencies move upward or downward.

7. Connectivity Bar

MetaTrader 4 connection bars - Red bars are for no connectivity, green bars show that there's connection to the servers and MetaTrader 4 stock trade orders can be placed. These MetaTrader 4 connection bars should always be green color when a trader is signed in to their MT4 practice demo trading account or MT4 live account.

The MetaTrader 4 platform software main levels form the MetaTrader 4 software interface & will be the main levels to be discussed in detail in next learn MetaTrader 4 tutorials. For now it's best to download MetaTrader 4 software platform & enlighten yourself with the MetaTrader 4 platform software inter-face.

Why Stock Software is Required for Placing Trade Transactions with Stock Brokers

Platform is the software which is used to access the market & interpret these market movements using charts and trading analysis tools. There are various explanations why one requires to use a good platform. A good stock software can determine if a as a indices trader you make profit or not.

So why does a stock indices trader need a good Software Platform:

To connect to the Stock Online Broker Server:

To place a stock trade order one needs to use a stock software that will connect to the trading servers of their broker & this will allow them to open and close stock trade orders. Good softwares will connect with ease to the online brokers' servers & allow stock traders to place orders at any time from their desktop computer PC.

To analyze charts & currencies using technical analysis tools

To place a buy or sell order one needs to first interpret the direction of a symbol using charts. This is why all good platforms provide stock trade tools such as and like price charts, indicators & various different chart time frames from which one-can interpret price movements using the chart time frames of their choice.

From the above platform work-space, summary of all data required by a trader is provided on this MetaTrader 4 platform software inter-face

• Connection - connection to the online broker servers
• Charts - price graphs that display the prices
• Tool-Bars - tool-bars to add tools & analysis trading indicators on charts
• Market Watch - for displaying available financial instruments on MT4
• Data panel - provides MetaTrader 4 account data & other indicator data
• Exchange rates - shows current price of a trading symbol
• Menu bar - Shows all menu items on MetaTrader 4 platform/software

More Courses:

• Study Index Trade Forum
• How Can You Add Nasdaq 100 on MetaTrader 4 Android App?
• How to Interpret Index Price Breakouts using Indices Trend-lines
• How to Interpret a New Index Order in MetaTrader 5 Android App
• Index Trade Divergence Example
• HANG SENG 50 Strategy List & Best HANG SENG Strategy to Trade HANG SENG
• What's the Difference Between Index Cent & Mini Indices Account?
• How Can You Add ADX Indicator on Trading Chart?
• How Can You Add Indices Quotes in MetaTrader 4 Software/Platform?
• Moving Average Moving Average MA Index Crossover