Commodity Trading MT4 Dashboard

The following screenshot below shows the main MT4 commodities trading platform Dashboard. As a beginner trader trying to learn how to execute commodity orders in the online commodity market, the main tool for trading the commodities trading market is the MT4 commodities trading platform software. This MT4 commodities trading platform is software that you will connect to your commodity broker with & execute commodity trade transactions & monitor your commodity trading account balance from this MetaTrader 4 software.

The MT4 commodities trading platform software is provided for free through the various commodity broker web sites. This MetaTrader 4 platform looks like the commodities trading example shown below:

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

1. MetaTrader 4 Navigation Menus
2. Toolbars
3. MT4 Commodity Trading Chart Window
4. MetaTrader 4 Navigator Window Panel
5. MetaTrader 4 Market Watch Window Panel
6. MetaTrader 4 Terminal
7. MetaTrader 4 Connection Bars

For this MetaTrader 4 commodities trading platform tutorial we shall look at a brief introduction for each of these learn commodity MetaTrader 4 platform:

1. Navigation Menus

The MetaTrader 4 navigation menus are:

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

These are the main MT4 commodities trading platform navigation menus that can be used to navigate the MT4 software. As a beginner trader you can start by just clicking any of these MT4 commodities trading platform navigation menus to familiarize yourself with various MT4 buttons that are arranged as MT4 sub menus within these MT4 navigation menus.

These MetaTrader 4 navigation menus will be discussed in details in the next MT4 commodities trading platform tutorials about navigation menus.

2. Tool-Bars

The MT4 tool bars are used to manipulate MT4 commodity charts, either by placing MT4 indicators, MT4 line studies, change MT4 commodities trading chart time frames and load MT4 template from a list of saved MT4 templates.

These MetaTrader 4 tool bars will be discussed on other MT4 commodities trading platform tutorials which will outline each MT4 button on this MT4 tool bar and how to add and customize these MT4 tool bars.

3. Chart Window Panel

This MT4 commodity chart window is the main area where MT4 commodities trading charts are displayed and a trader can analyze the commodity trend direction of a MT4 commodity chart whether up or down, place MT4 commodity chart indicators for technical analysis & even place orders from these MT4 commodity charts.

4. Navigator

MT4 Navigator will contain information about MT4 accounts, whether practice or real, this MT4 window will also have a list of all the MT4 indicators as well as MT4 Commodity Expert-Advisors & scripts.

A trader can select which MT4 account to login by expanding the Accounts menu, choose a MT4 indicator by expanding the MT4 indicator menu or choose a MT4 Commodity Expert-Advisor by expanding the EA menu.

5. Market Watch

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

6. Terminal

This is the MetaTrader 4 window that is like the bank account trade area for your MT4 commodity trade transactions, on this MetaTrader 4 window you can view your trading account balance, profit & losses statement, equity, margin used also retrieve a copy of all your MT4 commodity trade transactions history.

This MetaTrader 4 window 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

MetaTrader 4 connection bars - Red bars are for no connectivity, green bars show that there is connection to the servers and MetaTrader 4 commodity trade orders can be set. These MetaTrader 4 connection bars should always be green when one logged into their MT4 practice commodity account or MetaTrader 4 live account.

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

Why Commodity Trading Platform is Required for Placing Commodity Trade Transactions with Commodity Trading Brokers

Commodity platform is software that's used to access the commodities market & interpret these commodity price movements using commodities charts and commodity technical analysis tools. 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 Commodity Trading Broker Server:

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

To analyze commodity charts using technical analysis tools

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

From the above commodity trading platform Dashboard, the summary of all information required by a trader is provided on this MT4 commodities trading platform Dashboard

• Connection - connection to the broker servers
• Charts - commodity price graphs that display commodity prices
• Tool bars - toolbars to add tools and technical analysis indicators on commodity charts
• Market Watch - for displaying available instruments on MT4 platform
• Data window panel - provides MetaTrader 4 account information & other indicator data
• Exchange rates - shows current market commodity price
• Menu bar - Shows all menu items on the MT4 platform