Commodity Trading Get Started with Commodity MT4 Platform

To start commodity trading with MT4 software, you need to follow steps listed below:

Commodities Account MT4 Download

Setup MetaTrader 4 Commodity Trading Platform on Your PC.Open a commodities trading account on the MT4 platform. Log in to the MT4 Commodities Trading Account with your commodities trading account sign in credentials Open Commodity Charts & place Commodity Trades using MT4 Commodity Trading Platform.

Commodities Account MT4 Download

After you Download MetaTrader 4 Commodity Trading Platform from your commodity broker you will then need to open a MetaTrader 4 Commodities Trading Account to trade with.

How to Open a Demo Account using MT4 Commodity Trading Platform

1. Download the MetaTrader 4 Commodity Software - MetaTrader 4 Commodity Trading Platform.
2. Setup MT4 Commodity Trading Platform.
3. Open MetaTrader 4 Commodity Trading Platform.
4. Enter the Log in Details: Account Name and Password for the Demo Trade Account
5. Open Commodity Charts & begin practice trading.
6. If you do not have a commodity trading demo account you can sign up for a demo trade account using File menu, Click New Demo Account Registration and enter your details and sign up for an MT4 commodities trading account.

How to Open a Real Account in MT4

1. Download MetaTrader 4 Commodity Trading Platform
2. Setup MetaTrader 4 Commodity Trading Platform on your Computer.
3. Open MetaTrader 4 Commodity Trading Platform on your Computer.
4. Click on the File Menu and Choose Open an Account.
5. Select The Real Trading Account Option.
6. Fill in the real commodity trading account opening form.
7. Enter you commodities account login credentials for the Demo practice account.
8. Trade Commodity Trading from the free MetaTrader 4 commodity charts provided.

Introduction to MT4 Software

The following screenshot below shows the main MT4 commodities software inter-face. As a beginner trader trying to learn how to execute commodity orders in the online commodity market, the main tool for trading the online commodity market is the MT4 commodities trading platform software. This is the software that you'll connect to your online commodities trading broker and execute commodity trade transactions & monitor your commodity trading account balance from this commodities MT4 platform software.

The MT4 commodities trading platform is provided for free through the various commodity broker web sites. This MT4 platform looks like the commodities trading example shown below:

Commodity Trading Get Started with Commodity Trading MT4 Platform? - Commodity Account MetaTrader 4 Download

Main Areas of this MetaTrader 4 commodities trading platform as shown above are:

1. Navigation Menus
2. Toolbars
3. Chart Window
4. Navigator Window
5. Market Watch Window
6. Terminal Window
7. Connection Bars

For this MetaTrader 4 commodities trading platform guide we shall look at a brief introduction for each of these how to use MT4 commodities trading software lessons:

1. Navigation Menus

The navigation menus are:

1. File
2. View
3. Insert
4. Charts
5. Tools
6. Window
7. Help

These are the main navigation menus which can be used to navigate the MetaTrader 4 platform. As a commodity trading beginner you can start by just clicking any of these navigation menus to familiarize yourself with various button keys that are arranged as sub menus within these navigation menus.

These navigation menus will be discussed in details in the next MT4 commodities software guide for beginners about navigation 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 commodities trading chart time frames and load an MT4 template from a list of saved templates.

These tool bars will be discussed on other how to use MT4 commodities platform guides which will outline each button on this tool-bar & how to add & customize these tool-bars.

3. Chart Window Panel

This is the main area where commodities trading charts are displayed and a trader can analyze the commodity trend direction of a commodity chart whether up or down, place indicators on commodity charts for technical analysis & even place orders from these commodity charts.

4. Navigator

Navigator MT4 commodities trading platform tutorial will contain information about commodities accounts, whether practice MT4 commodity trading account or real MT4 commodities trading account, this window will also have a list of all the MT4 technical indicators as well as EAs and scripts.

A trader can select which commodities account to login to by expanding the Accounts menu, select an technical indicator by expanding the technical indicator menu or select an Expert Advisor by expanding the Expert Advisor menu.

5. Market Watch

Market watch commodities MT4 tutorial - Market watch is used to show streaming quotes for commodity. This panel can list as many quotes provided by your commodity broker or a few that are selected by a trader. To save internet band width, right-click inside the commodities trading market watch window & select 'Hide All', so that to hide the instruments that you are not trading & save on internet band width.

6. Terminal

This is window panel that is like the bank account trade area for your commodity trade transactions, on this window panel you can view your balance, profit and losses statement, equity, margin used also retrieve a copy of all your commodity trading transactions history.

This will also list all open commodity trade transactions & calculate all the profit & loss in real-time as the commodity prices move upwards or downward.

7. Connection Bar

Red bars are for no connectivity, green bars show that there's connectivity to the servers & commodity trade orders can be set. These connection bars should always be green when one is logged into their MT4 practice commodity account or MT4 live trading account.

These main areas form the MT4 Commodities Trading Software interface and will be the main areas to be covered in detail in next learn commodity trading MetaTrader 4 platform guides. For now it's best to download MT4 platform & familiarize yourself with the software interface.

Why Commodity Trading Platform is Required for Placing Commodity Trade trade transactions with Brokers

Commodity platform is software that's used to access the commodities market & interpret these commodity price movements using technical analysis commodity charts. There are various reasons why a trader requires to use a good commodity trading platform. A good commodity software can determine if a as a trader you make a profit or not.

So why does a trader need a good Commodity Platform:

To connect to the Trading Server:

To open order one needs to use a commodity software which will connect to the trading servers of their commodities trading broker & allow them to open & close trading orders. Good commodity softwares will connect with ease to the brokers' servers & allow traders to place orders at any time from desktop computer PC.

To analyze commodity charts using technical analysis

To open a buy or sell order one needs to first interpret the direction of commodity. This is why all good commodity platforms provide technical commodity trading tools such as commodity price charts, technical indicators and various different chart time frames from which a trader can analyze commodity price moves using the chart time-frames of their choice.

How to Use MT4 Commodity Software Tutorial - Commodity Account MetaTrader 4 Download

From above MT4 commodities platform interface, the summary of all data required by a trader is provided on this MT4 commodities trading software interface

• Connection - connection to the broker servers
• Charts - commodity price graphs that display commodity prices
• Tool bars - tool bars to add technical analysis tools & technical analysis technical indicators
• Market Watch - for displaying available financial instruments
• Data window panel - provides account data and other indicator data
• Exchange rates - shows current market commodity price on a commodity chart
• Menu bar - Shows all menu items on the platforms

How to Use MT4 Commodity Software Tutorial - Commodity Account MetaTrader 4 Download