How to Use MetaTrader 4 Review

The following screenshot below shows the main MT4 interface showing what is a MT4 platform. 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 How to Use MT4 Review Tutorial for Commodity Trading Beginners will explain how you can use this MT4 software to connect to your MT4 commodities trading broker and execute commodity transactions & monitor your commodity trading account balance from this MT4 commodities trading software that you will download from online MT4 brokers.

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

Introduction to MetaTrader 4 Platform Interface - MT4 Introduction Guide

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

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

For this MT4 Introduction Lesson we shall look at a brief introduction for each of these:

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 beginner you can begin by clicking any of these navigation menus so as to familiarize yourself with the various button keys that are arranged as sub-menus within these navigation menus in the MT4 software.

These MetaTrader 4 navigation menus will be explained & discussed in details in the next MetaTrader 4 Introduction Tutorials about navigation menus.

2. Tool-Bars

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

These MetaTrader 4 tool bars will be discussed on other MT4 Introduction Tutorials which will outline each button on this MT4 tool bar and explain how to add MT4 commodity chart tool bars and how to customize MT4 commodity chart 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 commodity chart indicators for technical analysis & even place commodity orders from these commodity price charts.

4. Navigator

Navigator panel will contain information about commodities accounts, whether practice commodity trading account or real 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 trading account to login by expanding the Accounts menu, choose an indicator by expanding the commodity indicator menu or choose an Expert Advisor by expanding the commodities Expert-Advisor menu.

5. Market Watch

Market watch is used to show streaming commodities quotes for commodity. This can list as many commodities quotes provided by your commodity broker or a few selected by a trader on the MT4 platform. To save internet bandwidth, 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 MT4 window you can view your commodity trading account balance, profit & losses statement, equity, margin used also retrieve a copy of all your commodity trade 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

MT4 connection bars in MT4 status bar - Red bars are for no connection, green bars show that there is connection to the broker servers and commodity trade orders can be set. These MT4 connection bars should always be green when one logged into their demo commodity trading account or live commodities trading account.

These main areas form the MT4 interface and will be the main areas to be covered in detail in the next MT4 Introduction Commodity Trading Tutorials. For now it is best to download MT4 platform & familiarize yourself with the MT4 platform interface.

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

Commodity platform is software that's used to access the commodities market & interpret these commodity price movements using commodities charts and 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 profit or not when trading using the platform.

So why does a trader need a good Commodities Trading Software:

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 trading broker and allow them to open and close 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 charts and commodity technical analysis tools

To place a buy or sell commodity trading order a trader needs to first analyze the direction of commodity. This is why all good commodity platforms provide commodity price charts and commodity technical analysis tools such as, 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.

Commodity Trading MT4 Platform Setup

From above MT4 commodities trading platform interface - MT4 Introduction Tutorial, the summary of all information required by a trader is provided on this trading inter-face

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