Top Platform Education - The Best Stock Software

Practice Trade - Set of Platform Courses for Beginner

The following screen shot below displays the main MT4 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 software is the software which you will connect to your broker with and execute stock trades & monitor your account balance from the MetaTrader 4 software.

The Indices MetaTrader 4 software is provided for free through the various different Stock Indices broker websites. This MetaTrader 4 software looks like the exemplifications below:

Main Areas of this MetaTrader 4 as displayed above are:

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

For this MetaTrader 4 lesson we shall take look at a brief intro for each of these learn MT4 software:

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 MetaTrader 4 software platform. As a beginner you as a trader can begin by just pressing any of these MT4 navigation menus to accustom yourself with various MT4 buttons which are arranged as MT4 sub menus within these MetaTrader 4 navigation menus.

These MetaTrader 4 navigating menus will be elaborated & covered in details in the next MT4 lessons about navigating menus.

2. Tool-bars

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

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

3. Chart Panel

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

4. Navigator

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

A trader can choose which MT4 account to login by expanding the Accounts menu, select an MT4 indicator by expanding the MetaTrader 4 indicator menu or select an MT4 Expert Advisor by expanding the EA menu.

5. Market-Watch

Meta Trader 4 Market Watch window is used to display realtime trading quotes for MT4 symbols. This can list as many quotes which are provided for by your MT4 Indices broker or few chosen by a trader. To save internet band-width, right-click inside MT4 market watch window and select 'Hide All', to hide the currencies that you are not transacting on this MetaTrader 4 software & save on inter-net bandwidth.

6. Terminal

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

This MetaTrader 4 panel will also list all open stock trade transactions & calculate all the profit and loss in realtime as a indices currencies move upward or downward.

7. Connectivity Bar

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

These MetaTrader 4 software main levels form the MetaTrader 4 software interface and will be the main levels to be covered & discussed/explained in detail in the next learn MT4 tutorials. For now it is best to download MetaTrader 4 software & accustom yourself with the MT4 interface.

Why Stock Platform/Software is Required for Opening Trade Positions with Online Brokers

Stock software is the platform which is used to access the market & interpret these market movements using charts and trading analysis tools. There are various different grounds why a trader requires to use a good platform. A good stocks software can determine if a as a indices trader you earn a profit or not.

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

To connect to the Broker Server:

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

To analyze & interpret charts & currencies using technical analysis tools

To place a buy/sell order one needs to first analyze & interpret the direction of a symbol using charts. This is why all good trading softwares provide stock trade technical 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.

From the above trading platform work space, summary of all information required by a trader is provided on this MetaTrader 4 interface

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

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