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Best Online Software - MetaTrader 4 Software - Platform

The best trusted platform is the MT4 software. This platform is one of the most common platform which is used nearly by practically almost every other trader & also by nearly almost every online broker.

In this learn MT4 guide we shall explain to you using examples the MetaTrader 4 Interface so that new traders who want to start learning this charting platform, can then begin from this lesson.

MT4 Platforms - Top Softwares - Software MetaTrader 4 Platform Software Tutorial Course

Best Online Software - MT4 Workspace - Platforms

From above screen shot of the software MetaTrader 4 platform software there are several toolbars & also several different chart windows.

You can download this trading software from your broker's site. Now after you download platform, then you'll need to learn 1 or 2 things about this software platform:

The first thing is how to install this platform after you download. For example if you download the MetaTrader 4, you'll need to go to a broker first, register for a practice trading account then after you sign up for a demo account you'll be provided with a link where to download the MetaTrader 4 software.

Now once you download this trading platform, assuming you do not know much about Desktop computers, Open your Web Browser >>> Go to tools on the top-left corner of your web browser just next to "file", "edit", "view" menus click on tools, choose download folder location, (short cut: once you launch your web browser click CTRL + J or CTRL+ Y), a download pop up will appear with the links to downloaded items. Choose the trading platform that you as a trader have just downloaded.

Installing MT4 - Forex Trusted Platforms

To install this software after you have downloaded, open the downloaded file from where it is where you have downloaded, from there an setup wizard appears & all you have to do is to follow the setup guideline steps. After installation the platform will operate like any other computer software. Read guide How to install MetaTrader 4 software.

You can open the MetaTrader 4 software from the start menu>>> Programs or from desktop shortcut which appears as a desk-top icon tagged MetaTrader 4 after installation.

Demo Account Registering & Log-in

To open an account on MT4 just click on the "file" & then on open an account, to login to an account just click on "file" at the top right corner and click sign in from the drop-down menu that appears.

Once you login to the trading platform you will get access to charts and other technical analysis tools such as and like indicators that you'll then use to place transactions within the market while linked to your broker's servers.

Forex Software Menu Bar & ToolBars

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Menu Bar on MT4 for Navigating within the Trading Software Platform

Menu bar is used to operate and navigate this software from one single panel window. From this panel you as a trader can set how to view tool-bars, chart, data windows and even use the file tab to open a account - & also login to your platform account.

From the menu bar you as a forex trader can click the view tab & choose toolbars like in the above pictured screen shot, these menu bars can be used to set-up trading platform charts, indicators, time-frames, & others things like drawing trend-lines and Fib retracement levels and Fib expansions. To learn and know how to customize the trading platform software go to the MetaTrader 4 Platform Lesson Section.

Now that we have looked at the toolbar & menu bar, we will look at the main workspace interface of the MT4 software.

Best Online Platforms - Top Softwares

Best Online Software - MetaTrader 4 Software

MarketWatch window - This panel is used to display a streaming list of exchange rates that's gotten and obtained from your currency online broker. In this market-watch panel you as a forex trader can right-click anywhere on this panel to choose show all currency pairs or hide the ones you are not interested in and save some band-width at the same time. No need to have prices for 50 forex pairs if you're only interested 4 forex pairs.

Data Panel - Used to setup Indicators, EAs & scripts, you as a trader can click on any of this menu sub items & expand/collapse the indicators or Expert Advisors used for automated trading.

Charts Panel - This is where the forex price movements will be plotted.

Charts Tab - Navigation from one forex pair to the other is easy, just flip through the charts tab such as illustrated above.

Terminal - This window is used to show a statement of your trades, profits & loses that you have made in your real account or demo trading account. To expand this panel and view open trades, just hover the mouse on terminal toolbar until the cursor changes, click & hold down mouse button and then move cursor pointer upwards.

Connection bars - These are used to show and illustrate the connection to the internet, red bars mean no online connection, green bars explain there internet connectivity.

Exchange Rates Graph - this displays the exchange rates for the currency pairs that you are trading so that to display if the exchange rate is going upward or downwards.

Advantages of MetaTrader 4 Software Platform - Why MT4 is Best Platform

In online trading market there are many platforms available around on the internet. But among the top softwares best trading platform is the MT4 platform, it's the best trading platform due to and because of the following grounds:

Low Bandwidth Internet Connectivity Requirement

Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber internet connection: furthermore, these are not readily available to some residential levels & may be limited to office/commercial buildings. This is why it is best to select and choose a platform that requires the minimum band width, the MetaTrader 4 platform. Even with the best online internet connection, sometimes the internet connection may not be available & you might need to use an alternative internet connection like a modem. MT4 is the least expensive if you are on a modem. To even reduce further the internet band width use go to market watch (Short-cut press CTRL+M), Right Click on any currency, Select "Hide all", now the platform will only stream the currencies quotes for the pairs you only need and conserve your bandwidth even further. Especially when using a phone or i Pad or a Tablet where you are paying for phone credit this can save your credit. This is one of reason why the MetaTrader 4 software is considered as one of the best trading platforms online.

The easier it is to connect the easier it is open & close-out trade positions on time.

Provided by all Online Brokers

Another reason why this software is considered as one of best platform is because MT4 is liked by most traders all brokers provide it. Once as a learns the MetaTrader 4 platform/software there is no need for you to re-learn afresh a new trading software platform when you switch to another online broker. You can still use the same MetaTrader 4 of the new broker without the need to learn a new platform all over again.

Easy Technical Analysis

The other thing which makes this the best platform is the ease with which you as a trader can set-up the analysis indicators on the currency charts. Even those using various web traders will do their technical analysis in MetaTrader 4 platform software & then place their trade orders on their web trader.

Technical traders can also setup custom technical indicators on this software, making it easier to add more analysis tools onto this trading platform. Others also install Expert Advisors on this software platform so that to trade mechanically/automatically with these programs known as Automated Expert Advisor Bots.

Best Charts

The MT4 has the best trading platform charts representations available and implements many chart time frame from which a can select.

Simplicity

Overall the simplicity of this trading platform and the fact that any investor can learn how to use MetaTrader 4 within one hour makes this the best software for new & experienced currency traders.

According to software reviews of the top platforms MT4 is the best platform - Forex Trusted Platforms MetaTrader 4 Software Platforms. Hence, traders looking for what is the best platform can begin trading with the MetaTrader 4 software - Forex Trusted Platforms - as it's the best platform & it's very easy to learn.

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