MT4 Software for Trading/Transacting - MT4 Software

MT4 Platforms - MT4 Softwares

The following screen-shot below indicates the main MT4 platform interface. As a beginner trying to learn how to execute orders in the online trading market, the main tool for trading the market is the MT4 platform platform. This MetaTrader 4 platform software is the software which you'll connect to your online broker with & execute stock trades & monitor your trading account balance from this MetaTrader 4 platform software.

The MT4 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 is displayed and shown above are:

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

For this MetaTrader 4 course we shall look at a brief intro for each of the learn MT4 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 MT4 navigation menus that can be used to navigate the MT4 platform software. As a beginner you as a stock indices trader can begin & start 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 MetaTrader 4 lessons about navigating menus.

2. ToolBars

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

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

3. Chart Window Panel

This MetaTrader 4 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 upward or downward, place MT4 chart technical technical indicators for technical analysis & even place and open trade orders from these MetaTrader 4 charts.

4. Navigator

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

One can select and choose which MT4 account to login by expanding the Accounts menu, choose an MT4 technical indicator by expanding the MT4 indicator menu or choose an MT4 Automated EA by expanding the EA EA menu.

5. MarketWatch

MetaTrader 4 Market watch is used to show streaming trading quotes for MT4 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 MT4 market-watch window & choose the "Hide All", to hide the fx currencies which you are not transacting on this MetaTrader 4 platform software & save on internet band width.

6. Terminal

This is MT4 window that is like the bank account trade area for your MetaTrader 4 stock trades, on this MT4 panel you as a Stock Index trader can view your account balance, profit and losses statement, equity, margin used & also to retrieve a copy of all your MetaTrader 4 stock trades history.

This MT4 panel will also list all open stock trade positions & calculate all the profit & loss in real-time as the indices currencies move upward or downwards.

7. Connectivity Bar

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

The MetaTrader 4 platform main levels form the MT4 software interface & will be the main levels to be discussed in detail in next learn MT4 tutorials. For now it's best to download MetaTrader 4 software platform & enlighten yourself with the MT4 platform 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 trading software. 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 servers of their broker & this will allow them to open and close stock trade orders. Good softwares will connect with ease to the brokers' servers & allow stock traders to place orders at any time from their desktop computer.

To analyze charts & currencies using technical analysis tools

To place a buy or sell order one needs to first analyze the direction of a symbol using charts. This is why all good trading softwares provide stock trade tools such as 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 information required by a trader is provided on this MT4 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
• MarketWatch - for showing the available trading instruments in the MT4
• Data window - provides MetaTrader 4 account data and other indicator data
• Exchange rates - shows current price of a symbol
• Menu bar - Shows all menu items on MT4 platform/software

More Guides:

• Study Index Trade Forum
• How Do I Set Nasdaq 100 on MT4 Android App?
• How to Analyze Index Price Break Outs using Stock Index Trend-lines
• How to Analyze a New Index Order in MT5 Android App
• Index Divergence Example
• HANG SENG 50 Trading Method List & Best HANG SENG Trading Method to Trade HANG SENG
• What's the Difference Between Index Cent & Mini Indices Account?
• How Do I Set ADX on Chart?
• How Can You Set Indices Quotes on MT4 Software/Platform?
• Moving Average MA Index Crossover