MT4 Software for Trading - MT4 Software

MT4 Platforms - MT4 Softwares

The following screenshot below shows the main MT4 platform inter-face. As a beginner trader trying to learn how to execute orders in the online trading market, the main tool for trading the market is the MetaTrader 4 platform software. This MT4 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.

The MT4 software is offered for free through the various broker sites. This MetaTrader 4 software looks like the examples below:

Main Areas of this MT4 software as displayed above are:

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

For this MT4 guide we shall look at a brief introduction for each of these learn MetaTrader 4 software:

1. Navigation Menus

The MT4 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 software. As a beginner trader you 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 MT4 navigating menus.

The MetaTrader 4 navigation menus will be described and covered in details 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 MT4 template from a listing of saved MetaTrader 4 templates.

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

3. Chart Window

This MT4 chart window is the main area where MT4 charts are shown and a indices trader can interpret 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 MT4 charts.

4. Navigator

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

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

5. Market Watch

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 save internet band width, right-click inside MetaTrader 4 marketwatch window and select "Hide All", to hide the currencies that you're not transacting on this MetaTrader 4 platform & save on inter-net band width.

6. Terminal

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

This MT4 panel will also list all open stock trade transactions & calculate all the profit and loss in real time as the stock 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 MT4 stock trade orders can be placed. These MetaTrader 4 connection bars should always be green when one logged in to their MT4 demo trading account or MT4 live account.

The MetaTrader 4 platform main levels form the MetaTrader 4 software interface and will be the main levels to be covered in detail in next learn MT4 tutorials. For now it's best to download MT4 platform software and 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 reasons 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 Platform Software:

To connect to the Stock Online Broker Server:

To place a stock trade order one needs to use a stock software which 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 online brokers' servers & allow stock traders to place orders at any time from their desktop computer PC.

To analyze charts and currencies using trading 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 platform softwares provide stock trade tools such as price charts, indicators and various different chart timeframes from which one-can analyze price moves using the chart timeframes of their choice.

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

• Connection - connection to the online broker servers
• Charts - price graphs that display prices
• Tool-Bars - tool-bars to add tools & analysis trading indicators on charts
• Market Watch - for displaying available financial instruments on MetaTrader 4
• 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 MT4 platform

More Courses:

• Study Index Trade Forum
• How Can I Add Nasdaq on MT4 Android App?
• How to Analyze Stock Indices Price Breakouts using Indices Trend-lines
• How to Analyze a New Stock Indices Order in MT5 Android App
• Index Trade Divergence Example
• HANG SENG 50 Strategy List & Best HANG SENG Strategy to Trade HANG SENG
• What's the Difference Between Stock Indices Cent & Mini Indices Account?
• How Can I Add ADX Indicator on Trading Chart?
• How Can I Add Indices Quotes in MT4 Platform?
• MA MA Index Crossover