Learn MT4 Commodity Trading Guides
How Do I Trade Commodity Trading and Use MetaTrader 4 Learn Commodity Trading Platform Guide?
To start commodity trading with the MT4 software, you need to follow the steps listed below:
Commodities Account MT4 Download
Setup MT4 Commodity Trading Platform on Your PC.Open a commodities trading account in MT4 software. Log in to MT4 Commodity Trading Account with your commodities trading account sign in details Open Commodity Charts & place Commodity Trades using MetaTrader 4 Commodity Trading Platform.
Commodities Account MT4 Download
After you Download MT4 Commodity Trading Platform from your commodity broker you will then need to open a MT4 Commodity Trading Account to trade with.
Commodity Trading Open a Demo Account using MetaTrader 4 Commodity Trading Platform
- Download MT4 Commodity Software - MT4 Commodity Trading Platform.
- Install MT4 Commodity Trading Platform.
- Open MT4 Commodity Trading Platform.
- Enter the Log in Details: Account Name & Password for the Demo Trade Account
- Open Commodity Charts & start practice trading.
- If you do not have a commodity demo account you can register for a demo trade account using File menu, Click the New Demo Account Registration and enter your details and sign up for an MetaTrader 4 commodities trading account.
Commodity Trading Open a Real Trading Account on MetaTrader 4
- Download MT4 Commodity Trading Platform
- Setup MT4 Commodity Trading Platform on your Computer.
- Open MT4 Commodity Trading Platform on your Computer.
- Click on the File Menu and Choose Open an Account.
- Choose The Real Trading Account Option.
- Fill in the real commodity trading account opening form.
- Enter you commodities trading account sign in credentials for the Demo practice account.
- Trade Commodity Trading instruments from the free MetaTrader 4 commodity charts provided.
Introduction to MetaTrader 4 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 which you will connect to your online commodity broker and execute commodity trade transactions & monitor your commodity trading account balance from this commodity MT4 trading platform.
The MT4 commodities trading platform is provided for free through the various Commodities Trading broker web sites. This MT4 software looks like the commodities trading example shown below:
Learn MT4 Commodity Tutorials
The Main Areas of this MetaTrader 4 commodities trading platform as shown above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator Window
- Market Watch Window
- Terminal Window
- Connection Bars
For this MetaTrader 4 guide we shall look at a brief introduction for each of these how to use MT4 tutorials:
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 MetaTrader 4 commodity software. As a commodity trading beginner you can start by just clicking on any of these navigation menus to familiarize yourself with the various buttons that are arranged as sub-menus within these navigation menus.
These navigation menus will be described in details in the next MT4 tutorial for beginners about navigation menus.
2. Tool-Bars
This how to trade in MT4 explains the tool bars are used to manipulate charts, either by placing technical indicators, line studies, change commodity chart time frames and load an MetaTrader 4 template from a list of saved templates.
These MT4 commodity tool bars will be discussed on other how to use MT4 commodity trading guides that will outline each button key on this tool bar and how to add & customize these toolbars.
3. Chart Window Panel
This is the main area where commodity charts are displayed and a trader can interpret the market trend direction of a commodity chart whether up or down, place MetaTrader 4 indicators on MT4 commodity charts for technical analysis & even place orders from these commodity charts.
4. Navigator
Navigator MetaTrader 4 tutorial will contain information about commodities accounts, whether practice MetaTrader 4 commodity trading account or real MetaTrader 4 commodities trading account, this window will also have a list of all the MetaTrader 4 commodity trading 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 commodities MetaTrader 4 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 inter-net band width, right click inside the commodities trading market watch window & choose "Hide All", so that to hide the commodity instruments that you are not trading and save on inter-net band width.
6. Terminal
This is window that's like the bank account trade area for your commodity trade transactions, on this window you can view your commodity trading account balance, commodity profit & losses statement, commodity trading equity, commodity 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 instruments move up or down.
7. Connection Bar
Red bars are for no connection, 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 MetaTrader 4 practice commodity account or MT4 live commodities trading account.
These main areas form the MT4 Commodity Trading Platform interface & will be the main areas to be covered in detail in next learn commodity MetaTrader 4 trading 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 Symbol Trade trades with Brokers
Commodity platform is software that is used to access the commodities market & interpret 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 Commodities Trading Software:
To connect to the Trading Server:
To open a order one needs to use a commodity software that will connect to the trading servers of their broker & allow them to open & close trading orders. Good commodity trading platforms will connect with ease to the brokers' servers & allow commodities traders to place orders at any time from desktop computer PC.
To analyze commodity charts and commodity instruments using technical analysis
To place a buy or sell commodity trading order one needs to first interpret the direction of a commodity. This is why all good commodity platforms provide technical commodity trading tools such as commodity price charts, technical indicators & various different chart time-frames from which a trader can analyze commodity trading price moves using the chart time-frames of their choice.
How Do I Trade Commodity Trading and Use MetaTrader 4 Learn Commodity Trading Platform Course?
From above MetaTrader 4 commodities platform inter-face, the summary of all information required by a trader is provided on this MetaTrader 4 commodities trading software interface
- Connection - connection to the broker servers
- Charts - commodity price graphs that display commodity prices
- Tool bars - toolbars to add technical analysis tools & technical analysis technical indicators
- Market Watch - for displaying available commodity instruments
- Data window - provides account data & other technical indicator data
- Exchange rates - shows current market commodity price of a commodity instrument
- Menu bar - Shows all menu items on the platforms
How Do I Use MT4 Commodity Software Guide? - Commodity Account MT4 Download
The MT4 Commodity Trading Platform Setup Guide - How Do I Interpret and Use MetaTrader 4 Learn Commodity Trading Platform Course?
