MetaTrader 4 Commodity Software
The Best Commodity Trading Platforms Online is the MT4 Commodity Trading software. This is one of the most common commodity trading software that is used almost by every Commodity trader as well as almost every online commodity broker.
In this guide we shall explain the MetaTrader 4 Interface so that beginner traders wanting to begin learning this Best Commodity Platforms Online, can then begin from this lesson.
Best Commodity Platforms Online - MT4 Workspace
Form the above image of the this software there are several tool-bars as well as chart window.
You can download this Best Commodity Trading Platforms Online from your broker's website. Now after you download it, then you will need to learn one or two things about this commodity trading platform:
The first thing is how to setup this commodity trading software after you download. For example if you download the MT4 platform, you will need to go to a broker first, register for a practice trading account then after you sign up for a demo commodities account you'll be provided with a link where to download MetaTrader 4 Commodity Trading Platform.
Now once you download this commodity trading software, assuming you do not know much about Desktop computers, Open your Web Browser >>> Go to tools at top left corner of your browser next to "file", "edit", "view" & click on tools, select download folder location, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download pop up will appear with links to downloaded items. Choose the MT4 trading software that you have just downloaded.
Best Commodity Trading Platforms Online
To setup this software after you've downloaded, launch the download from where you downloaded, from there an installation wizard pops up and all you've to do is to follow the setup instructions. After set up the platform will run automatically just like any other software. Read guide How to install MetaTrader 4 commodities trading platform. This platform is easy to setup & this is another reason why this software is the Best Commodity Trading Platforms Online.
You can open the MT4 from the start menu>>> Programs or from the desktop shortcut that appears as a desktop icon marked MT4 after setup.
Demo Commodity Account Opening & Sign in
To open an account in MT4 just click on "file" and 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 youlogin to the MetaTrader 4 commodities trading platform you'll get access to charts & other technical analysis tools such as technical indicators that you will then use to place trades within the commodities trading market while connected to your commodity broker's servers.
Commodity Platform Menu Bar & ToolBars
Menu Bar on MT4 For Navigating within the Software - Best commodity software
Menu bar is used to operate and navigate this commodity trading platform from one single panel. From this panel you can set how to view tool bars, chart, data window & even use the file tab to open a commodities trading account - & also log in to your account. This menu bar makes this platform easy to operate and this is also why this is the Best Commodity Trading Platforms Online for beginner traders.
Form the menu bar you can click on view tab & select chart tool-bars like in the above pictured image, these menu bars can be used to set up charts, indicators, time frames, & others things like drawing commodity trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this platform go to this MT4 Commodity Guide Section.
Now that we have looked at the tool-bar and menu bar, we shall look at the main work-space interface of the MT4 commodities trading software.
Best Online Commodity Platform - MetaTrader 4 Best Commodity Platforms Online
Market Watch window - This window is used to show a stream of the exchange rates that's obtained from your commodity broker. In this market watch window panel you can right click anywhere on this window panel to choose show all trading instruments or hide the ones you're not interested in and save some bandwidth at same time. No need to have prices for 50 trading instruments if you are only interested in 4 trading instruments. This make this trading software easy to use with any inter-net connection another reason why this is the Best Commodity Trading Platforms Online.
Data Window - Used to setup Commodities Indicators, Expert Advisors and scripts, you can click on any of this menu sub items and expand/collapse the indicators or Expert Advisors used for automated commodity trading.
Commodity Trading Charts Panel - This is where the price moves will be drawn.
Commodity Trading Charts Tab - Navigation from one trading instrument to another is easy, just flip through the charts tab as illustrated above.
Terminal Window - This panel is used to display a statement of your trades, profits & loses that you have made in your live commodities trading account or demo commodities trading account. To enlarge this window & view the open trades, just hover the mouse on the terminal window toolbar until the cursor pointer changes, click & hold down the mouse button key & then move cursor pointer upward.
Connection bars - These are used to show the connection to the net, red bars mean no internet connection, green bars illustrate there is internet connection.
Exchange Rates Graph - this shows the exchange rates for commodity that you're trading so that to display if the exchange rate is going upwards or downwards.
Why MetaTrader 4 is The Best Commodity Trading Platforms Online
In the online commodity market there are many commodity platforms available around the internet. But among the top commodity platforms the Best Commodity Trading Platforms Online is the MT4 Commodities Trading Platform, it is the best Commodity software because of the following reasons:
Low Bandwidth Connection Requirement
Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber Optic internet connection: furthermore, these are not freely available to some residential areas and may be limited to office buildings. This is why it is best to choose a commodity software which requires the minimum band-width, the MT4 commodity trading platform. Even with the best connection, sometimes the connection may not be available and you may need to use an alternative connection like the dial up or modem. MetaTrader 4 commodities platform is least expensive if you are on a modem. To even reduce further the inter-net band width usage go to market watch (Short cut Key press CTRL+M), Right-Click on any instrument, Select "Hide all", now the platform will only stream the commodity price quotes for the pairs you only need and conserve your internet band width even further. Especially when using a phone or iPad or a Tablet where you are paying for phone credit this can save your inter-net credit. This is one of the reason why MT4 is considered as one of the best commodity trading platforms online.
The easier it is to connect the easier it is open & close trades on time.
Provided by all Commodity Trading Brokers
Another reason why this commodity trading software is considered as one of the Best Commodity Trading Platforms Online is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a learns the MT4 commodities trading platform there's no need to re-learn when you switch to another commodities trading broker. You can still use the same MT4 software of the new commodity broker without the need to learn a new commodity trading software all over again.
Easy Technical Analysis
The other thing that makes this the best commodity platform is ease with which you can set up the technical analysis technical indicators on the commodity trading charts. Even those using various web traders will do their technical analysis in MetaTrader 4 commodities chart & then place their commodity orders on their web trader.
Technical analysis traders can also install custom technical indicators on this commodity trading software, making it easier to add more technical analysis tools on to this trading software. Others also install automated Expert Advisors on this commodity trading platform so as to trade automatically with these programs known as automated Expert-Advisor Commodity Bots.
Best Commodity Trading Charts
The MetaTrader 4 has the Best Commodity Trading Platforms Online charts representations available and implements many chart time frames from which a investor can choose.
Simplicity
Overall the simplicity of this software & the fact that any investor can learn how to use MT4 within one hour makes this the Best Commodity Trading Platforms Online for new and experienced commodities traders.
