How to Use MT4 Lesson for Beginners

How Do I Trade Indices and Use MT4 Learn Indices Platform Guide?

To start indices trading with the MetaTrader 4 platform, you as a trader needs to follow guide-lines illustrated below:

Download MT4 Software

Install MetaTrader 4 on Your PC. Open a stocks account in the MetaTrader 4 platform. Log in to the MT4 Trading Account with your stock account login details Open Stock Indices Charts and place Indices Trades using the MT4 Trading Platform.

Indices Trading Open a MT4 Account

After you Download MetaTrader 4 Software from your broker you'll then need to open a MetaTrader 4 Trading Account to trade with.

Indices Trading Open a Demo Account using MetaTrader 4 Software

Download MetaTrader 4 Software - MT4 Platform.
Install the MT4 Software.
Open the MetaTrader 4 Software.
Enter the Log in Details: Account Name and Password for the Demo Trading Account
Open Stock Indices Charts and start practice trading.
If you don't have a stock practice account you can register for a Practice account using the File menu, Click New Practice Account Registration and enter your details & sign up for an MetaTrader 4 account.

Indices Trading Open a Real Account on MetaTrader 4

Download MT4 Platform Software
Install MT4 Software on your Computer.
Open the MetaTrader 4 Software on your Computer.
Click the File Menu and Choose Open an Trading Account.
Select The Live Account Option.
Fill in the live account sign up form.
Enter you account log in details for the Demo practice trade account.
How to Trade instruments from the free MT4 charts provided.

MT4 Software Introduction Tutorial

The following screenshot below shows the main MetaTrader 4 software inter-face. As a beginner trader trying to learn how to execute trade orders in the online trading market, the main tool for trading in online market is the MT4 software software. This is the software which you'll connect to your online broker & execute trade transactions and monitor your account balance from this MT4 software software.

The MetaTrader 4 is provided for free through the various different broker sites. This MetaTrader 4 software resembles the example explained below:

How to Use MT4 Guide for Beginners - Informative MetaTrader 4 Index Lesson for Beginner Traders

How Do I Use MT4 Guide for Beginners - How to Use the MetaTrader4 Platform for Beginners

Main Areas of this MetaTrader 4 as shown above are:

Navigation Menus
ToolBars
Chart Window
Navigator Window
Market Watch Window
Terminal Window
Connection Bars

For this MT4 platform tutorial we shall look at a brief introduction for each of these how to use MT4 platform courses:

1. Navigation Menus

The navigation menus are:

File Menu
View Menu
Insert Menu
Charts Menu
Tools Menu
Window Menu
Help Menu

These are main navigation menus that can be used to navigate MetaTrader 4 software platform. As a beginner you can start by just pressing any of the navigation menus to familiarize yourself with various different buttons that are grouped as submenus within the navigating menus.

These navigation menus will be discussed in details in next MT4 platform tutorial for indices beginners about navigating menus.

2. ToolBars

This how to trade on MT4 explains the tool bars are used to manipulate charts, either by placing indicators, line studies, change chart time frames & load an MetaTrader 4 template from a list of saved templates.

These MT4 tool bars will be discussed on other how to use MT4 guides which will outline each button key on this tool bar & how to add and customize these tool bars.

3. Chart Panel Window

This is the work space area where charts are displayed & a indices trader can interpret the trend direction of a chart whether upwards or downward, place MT4 indicators on MT4 charts for technical analysis and even place orders from these charts.

4. Navigator

Navigator MT4 platform guide will contain information about accounts, whether demo MetaTrader 4 trading account or real MT4 account, this window also will have a listing of all the MetaTrader 4 trading indicators as well as Expert Advisors and scripts.

One can select which trading account to sign in to by expanding the Trading Accounts menu, choose a technical indicator by expanding the indicator menu or select an Expert Advisor by expanding the Expert Advisor menu.

5. MarketWatch

Market watch MT4 indices guide - Market watch window is used to show real-time quotes for indices instruments. This window can listing as many symbols offered by your Stock Indices broker or a couple of that are selected by a stock indices trader. To save inter-net band width, right-click inside the market watch window and select 'Hide All', so that to hide the instruments that you are not trading and save on inter-net bandwidth.

6. Terminal

This is window that is like the bank account trade area for your trades, on this window you as a trader can view your trading account balance, profit and losses statement, stock indices equity, margin used & also retrieve a copy of all your stock indices transaction history.

This also will list all open trade transactions and calculate all the profit and loss in realtime as a indices instruments move upward or downward.

7. Connectivity Bar

Red bars are for no connectivity, green bars show that there's connection to the servers & trading orders can be opened. These connection bars should always be green when one is logged into their MT4 demo account or MT4 live account.

The main levels form the MT4 Software interface & will be the main levels to be covered in detail in the next learn indices MT4 software courses. For now it is best to download MT4 platform and enlighten yourself with the software workspace.

Why Stock Indices Platform is Required for Opening Indices Symbol Trade trade transactions with Brokers

Platform is software that's used to access the market and interpret these indices instruments using analysis charts. There are various reasons why one requires to use a good platform. A good indices software can ascertain if a as a trader you make a profit or not.

So why does a trader need a good Indices platform:

To connect to Server:

To place a trading order a trader needs to use a platform which will connect to the servers of their broker and allow them to open & close orders. Good platforms will connect with ease to the brokers' servers and allow stocks traders to place orders at any time from their desktop PC computer.

To analyze charts & indices instruments using analysis

To open a buy or sell order one needs to first interpret direction of a indices. This is why all good softwares provide technical stock indices tools such as price charts, indicators & various different chart time frames from which a trader can analyze price moves using the timeframes of their choice.

Informative MetaTrader 4 Lesson for Indices Beginner Traders

How Do You Trade Indices and Use MT4 Learn Indices Platform Guide?

From the above MetaTrader 4 software inter-face, summary of all information required by a trader is provided on this MT4 software interface

Connection - connectivity to the online broker servers
Charts - stock price graphs that display prices
Toolbars - toolbars to add trading analysis tools and analysis trading indicators
Market Watch - for displaying available indices instruments
Data window - provides account info and other trading indicator data
Exchange rates - shows current market stock price of a indices instrument
Menu bar - Shows all menu items on the platforms

How Do I Use MT4 Course - Account MT4 Download

How Do I Use the MetaTrader4 Platform for Beginners

Learn More Lessons:

Trade Stock Indices