The MetaTrader 4 CFD Platform Setup Guide
How Do You Trade and Use MT4 Learn CFD Platform Tutorial?
To start cfd with the MT4 platform, you need to follow the steps listed below:
CFDs Account MT4 Download
Install MT4 CFD Platform on Your PC.Open a cfds trading account on the MT4 platform. Log in to the MT4 CFD Account with your cfd account login details Open CFDs Charts and place CFD Trades using the MT4 CFD Platform.
CFDs Account MT4 Download
After you Download MT4 CFD Platform from your cfd broker you'll then need to open a MT4 CFD Account to trade with.
Trading CFD Open a Demo Account using MT4 CFD Platform
- Download MT4 CFD Platform - MetaTrader 4 CFD Platform.
- Install the MetaTrader 4 CFD Platform.
- Open the MT4 CFD Platform.
- Enter the Log in Details: Account Name & Password for the Demo Trade Account
- Open CFDs Charts & start practice trading.
- If you do not have a cfd trading demo cfd account you can register for a demo trade account using File menu, Click New Practice Account Registration and enter your details and sign up for an MT4 cfd trading account.
Trading CFD Open a Real Trading Account on MetaTrader 4
- Download MT4 CFD Platform
- Install MT4 CFD Platform on your Computer.
- Open the MT4 CFD Platform on your Computer.
- Click on the File Menu & Select Open an Account.
- Select The Real Trading Account Option.
- Fill in the real cfd account opening form.
- Enter you cfd account log in details for the Demo practice account.
- Trade CFD Trading instruments from the free MT4 cfd charts provided.
Introduction to MT4 Platform
The following screen-shot below shows the main MetaTrader 4 cfds platform inter-face. As a beginner trader trying to learn how to execute cfd orders in the online cfd market, the main tool for trading the online cfd market is the MT4 software software. This is the software that you will connect to your online cfds trading broker and execute cfd trade transactions & monitor your cfd account balance from this MetaTrader 4 cfds trading platform.
The MT4 cfds platform is provided for free through the various CFD broker websites. This MetaTrader 4 platform looks like the cfd examples explained and illustrated below:
How to Use MT4 CFD Platform - Learn MetaTrader 4 CFD Guides - The MetaTrader 4 CFD Platform Setup Guide
Main Areas of this MT4 cfds platform as shown above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator Window
- Market Watch Window
- Terminal Window
- Connection Bars
For this MetaTrader 4 tutorial we shall look at a brief introduction for each of these how to use MetaTrader 4 tutorials:
1. Navigation Menus
The navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These are main navigation menus which can be used to navigate MetaTrader 4 software. As a cfd beginner you can begin by just clicking on any of these navigation menus to familiarize yourself with various buttons that are arranged as sub menus within these navigation menus.
These navigation menus will be discussed in details in the next MT4 tutorial for cfd novice traders about navigation menus.
2. Tool-Bars
This how to trade in MetaTrader 4 explains the tool bars are used to manipulate trading charts, either by placing indicators, line studies, change cfds trading chart timeframes and load an MT4 template from a list of saved templates.
These MT4 cfd trading tool bars will be discussed on other how to use MT4 cfd guides which will outline each button key on this tool bar & how to add and customize these tool bars.
3. Chart Panel
This is the main area where cfds trading charts are displayed & a trader can analyze the trend direction of a cfd chart whether up or down, place MT4 indicators on MT4 cfd charts for technical analysis and even place orders from these cfd trading charts.
4. Navigator
Navigator MT4 tutorial will contain information about cfd accounts, whether demo MT4 cfd account or real MT4 cfd account, this window will also have a list of all the MT4 indicators as well as Expert Advisors & scripts.
A trader can select which CFD Trading account to sign in to by expanding the Accounts menu, choose an technical indicator by expanding the indicator menu or select an Expert Advisor by expanding the Expert-Advisor menu.
5. Market Watch
Market watch MT4 cfd tutorial - Market watch is used to show streaming quotes for cfd. This panel can list as many quotes provided by your CFD broker or a few that are selected by a trader. To save internet bandwidth, right click inside the cfd market watch window panel and select 'Hide All', so as to hide the trading instruments that you're not trading and save on internet bandwidth.
6. Terminal
This is window that's like the bank account trade area for your cfd trade transactions, on this window you can view your cfd account balance, cfd profit & losses statement, cfd equity, cfd margin used also retrieve a copy of all your cfd transactions history.
This will also list all open cfd trade transactions & calculate all the profit & loss in real-time as the cfd trading instruments move upwards or downward.
7. Connection Bar
Red bars are for no connectivity, green bars show that there is connectivity to the servers & cfd trade orders can be set. These connection bars should always be green when one is logged into their MetaTrader 4 demo cfd account or MT4 live cfd trading account.
These main areas form the MT4 CFD Platform interface & will be the main areas to be covered in detail in the next learn MT4 cfds platform tutorials. For now it is best to download MT4 software and familiarize yourself with the software interface.
Why CFDs Platform is Required for Placing CFDs Trading Quote Trade trade transactions with Brokers
Cfds trading platform is software that is used to access the cfd market & analyze these cfd instruments using technical analysis cfd charts. There are various reasons why a trader requires to use a good cfd platform. A good cfd platform can determine if a as a trader you make a profit or not.
So why does a trader need a good CFDs platform:
To connect to the Trading Server:
To place order a trader needs to use a cfd platform which will connect to the trading servers of their broker & allow them to open & close orders. Good cfd platforms will connect with ease to the brokers' servers & allow cfds traders to place orders at any time from desktop computer.
To analyze cfds charts & cfd instruments using technical analysis
To place a buy or sell cfd order one needs to first analyze the direction of cfd. This is why all good cfd platforms provide technical cfd tools such as cfd price charts, indicators & various different cfds trading chart time-frames from which a trader can analyze cfd price moves using the chart timeframes of their choice.
How Do You Trade and Use MT4 Learn CFD Platform Tutorial?
From above MetaTrader 4 cfds platform interface, the summary of all information required by a trader is provided on this MetaTrader 4 cfds platform interface
- Connection - connectivity to the broker servers
- Charts - price graphs which display cfd prices
- Toolbars - toolbars to add technical analysis tools & technical analysis technical indicators
- Market Watch - for displaying available cfd trading instruments
- Data window - provides account data & other indicator data
- Exchange rates - shows current market cfd price of a cfd trading instrument
- Menu bar - Shows all menu items on the platforms
How Do You Use Trading MT4 CFD Platform Tutorial? - CFDs Account MetaTrader 4 Download
The MetaTrader 4 CFD Platform Setup Guide
