How to Use MT4 Lesson for Beginner Traders

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

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

Download MetaTrader 4 Software Platform

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

Indices Trade Open a MT4 Account

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

Indices Trade Open a Demo Account using MetaTrader 4 Platform Software

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

Indices Trade Open a Real Account on MT4

Download MT4 Software Platform
Install MetaTrader 4 Platform Software on your Computer.
Open the MetaTrader 4 Platform 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 screen shot below displays the main MT4 software inter-face. As a beginner trader trying to learn how to execute trade orders in the online trading market, the main trading 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 MetaTrader 4 software platform.

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

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

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

Main Areas of this MetaTrader 4 as shown above are:

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

For this MetaTrader 4 software tutorial we shall look at a brief intro for each of these how to use MetaTrader 4 software 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 as a trader 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 MetaTrader 4 software tutorial for indices beginners about navigating menus.

2. Tool-Bars

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 MT4 template from a list of saved templates.

These MetaTrader 4 tool bars will be discussed on other how to use MT4 guides that 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 software 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 and also Expert Advisors and scripts.

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

5. Market-Watch

Market watch MT4 indices guide - Market watch window is used to show realtime quotes for indices instruments. This window can listing as many symbols offered by your Stock Indices broker or a couple of that are chosen and selected by a 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 trade transaction history.

This also will list all open trades & 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 status bars should always be green color when one is signed into their MT4 demo account or MT4 live account.

Main levels form the MT4 Software interface & will be the main levels to be covered & discussed/explained in detail in the next learn indices MetaTrader 4 software courses. For now it is best to download MetaTrader 4 software & enlighten yourself with the software workspace.

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

Platform is software that's used to access the market & interpret and analyze these indices instruments using analysis charts. There are various explanations why a trader 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 and open orders at any time from their desktop PC computer.

To analyze & interpret 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 indices tools such as and like price charts, indicators & various different chart time frames from which a trader can analyze price movements using the time-frames of their choice.

Informative MetaTrader 4 Lesson for Indices Beginner Traders

How Do I 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 MetaTrader 4 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 - Displays all the menu list items on the platforms

How Do I Use MT4 Course - Account MT4 Download

How Do I Use the MetaTrader4 Platform for Beginner Traders

Learn More Lessons:

Trade Stock Indices