How to Use MetaTrader 4 Commodity Trading Platform for Beginner Traders
How to Use MT4 Commodity Platform Guide for Commodities Trading Beginner Traders
To start commodity trading with MetaTrader 4 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 Commodity Trading Account with your commodities trading account sign in credentials Open Commodities Charts & place Commodity Trades using the 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 Commodity Trading Account to trade with.
Commodity Trading Open a Demo Account using MT4 Commodity Trading Platform
- Download the MetaTrader 4 Commodity Software - MT4 Commodity Trading Platform.
- Setup MT4 Commodity Trading Platform.
- Open MetaTrader 4 Commodity Trading Platform.
- Enter the Log in Details: Account Name and Password for the Demo Trade Account
- Open Commodities Charts & begin practice trading.
- If you do not have a commodity demo account you can register for a demo trade account using File menu, Click New Demo Account Registration and enter your details and sign up for an MT4 commodity account.
Commodity Open a Real Account in MT4
- Download MetaTrader 4 Commodity Trading Platform
- Setup MetaTrader 4 Commodity Trading Platform on your Computer.
- Open MetaTrader 4 Commodity Trading Platform on your Computer.
- Click on the File Menu and Choose Open an Account.
- Select The Real Trading Account Option.
- Fill in the real commodity trading account opening form.
- Enter you commodities account login credentials for the Demo practice account.
- Trade Commodity Trading instruments from the free MT4 commodity charts provided.
MT4 Commodity Trading Platform Introduction Tutorial
The following screenshot below shows the main MT4 commodities platform 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 software software. This is the software that you'll connect to your online commodity broker and execute commodity trade transactions & monitor your commodity trading account balance from this commodity MT4 platform software.
The MT4 commodities trading platform is provided for free through the various Commodities Trading broker web sites. This MetaTrader 4 platform looks like the commodities trading example shown below:
How to Use MetaTrader 4 Commodity Lesson - How to Use MT4 Commodity Trading Platform for Beginner Traders
Main Areas of this MetaTrader 4 commodities platform as shown above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator Window
- Market Watch Window
- Terminal Window
- 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:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These are the main navigation menus which can be used to navigate the MT4 commodity software. As a commodity beginner trader you can begin by 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 commodity chart time frames and load an MT4 template from a list of saved templates.
These MetaTrader 4 commodity tool bars will be discussed on other how to use MT4 commodity tutorials 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 commodity charts are displayed and a trader can analyze the market trend direction of a commodity chart whether up or down, place MT4 indicators on MT4 commodity charts for technical analysis & even place orders from these commodity charts.
4. Navigator
Navigator MT4 commodities trading platform tutorial will contain information about commodity accounts, whether practice MT4 commodity trading account or real MT4 commodity 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 Commodity Trading account to login to by expanding the Accounts menu, choose an indicator by expanding the technical indicator menu or choose an EA by expanding the EA menu.
5. Market Watch
Market watch MT4 commodity tutorial - Market watch is used to show streaming quotes for commodity instruments. This panel can list as many quotes provided by your Commodities Trading 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 commodity 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 commodity trading account balance, commodity profit & losses statement, commodity equity, commodity margin used also retrieve a copy of all your commodity transactions history.
This will also list all open commodity trade transactions & calculate all the profit & loss in real-time as the commodity instruments move up or down.
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 MetaTrader 4 live commodity account.
These main areas form the MT4 Commodity Trading Platform interface and will be the main areas to be covered in detail in next learn commodity MT4 platform tutorials. For now it is best to download MetaTrader 4 platform & familiarize yourself with the software interface.
Why Commodity Software is Required for Placing Commodity Symbol Trade trade transactions with Brokers
Commodity platform is software that's used to access the commodity market & analyze these commodity instruments using technical analysis commodity charts. There are various reasons why a trader requires to use a good commodity platform. A good commodity software can determine if a as a trader you make 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 platform which will connect to the trading servers of their broker and allow them to open & close trading orders. Good commodity platforms will connect with ease to the brokers' servers and allow commodities traders to place orders at any time from their desk top PC computer.
To analyze commodity charts and instruments using technical analysis
To place a buy or sell order one needs to first interpret the direction of a commodity. This is why all good commodity platforms provide technical commodity tools such as commodity trading price charts, indicators & 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 MetaTrader 4 Commodity Platform Guide for Commodities Trading Beginner Traders
From the above MT4 commodities platform interface, the summary of all data required by a trader is provided on this MT4 commodities platform interface
- Connection - connection to the broker servers
- Charts - commodity trading price graphs that display commodity prices
- Tool bars - tool bars to add technical analysis tools & technical analysis technical indicators
- Market Watch - for displaying available commodity trading instruments
- Data window panel - provides account data and other indicator data
- Exchange rates - shows current market commodity trading price of a commodity trading instrument
- Menu bar - Shows all menu items on the platforms
How Do You Use MT4 Commodity Software Guide? - Commodities Account MetaTrader 4 Download
How to Use MetaTrader 4 Commodities Platform Tutorial for Commodity Beginners
