Best Platforms Online
The Best Softwares Online is the MetaTrader 4 platform. This is one of most common software which is used almost by every other trader as well as almost every online broker.
In this lesson we shall explain the MT4 Interface so that beginners wanting to begin learning this Best Platforms Online, can then start from this tutorial.
Best Platforms Online - MetaTrader 4 Workspace
Form the above image of the this platform there are several toolbars as well as chart window.
You can download this Best Platforms Online from your broker's site. Now after you download it, then you'll need to know one or 2 things about this software:
The first thing is how to install this software after you download. For example if you download the MetaTrader 4 platform, you will need to go to a online broker first, register for a practice trade account then after you register for a practice trading account you'll be provided with a link where to download the MetaTrader 4 Software.
Now once you download this software, assuming you do not know much about PC computers, Open your Web Browser >>> Go to tools at top-left corner of your web browser next to 'file', 'edit', 'view' menus click on tools, choose download folder place, (short cut: once you launch your browser click in CTRL + J or CTRL+ Y), a download pop-up will appear with links to downloaded items. Select the MetaTrader 4 platform that you have just downloaded.
Best Platforms Online
To install this software after you have downloaded, open the download from where it is where you downloaded, from there an installation pop-pup wizard appears and all you've to do is to follow the setup instructions. After setup the software will run automatically just like any other software. Read guide How to install Meta Trader 4 software. This platform is easy to install and this is another reason why this software is the Best Platforms Online.
You can open the MetaTrader 4 from the begin menu>>> Programs or from the desktop short cut that pops up as a desktop icon marked MT4 after installation.
Demo Account Sign Up & Sign In
To open a trading account on MT4 just click on 'file' & then on open an account, to log in to an account just click on 'file' at the top right corner and click sign in from the dropdown menu which appears.
Once youlogin to the MT4 you will get access to charts & other analysis tools such as technical indicators that you'll then use to place trades within the market while connected to your online broker's servers.
Platform Menu Bar & ToolBars
Menu Bar on MetaTrader 4 for Navigating within the Software - Best software
Menu bar is used to operate and navigate this software from single panel. From this panel you can set how to view tool-bars, chart, data window & even use the file tab to open a account - & also login to your trading account. This menu bar makes this platform easy to operate and this is also why this is the Best Platforms Online for beginner traders.
From the menu bar you can click on view tab and choose chart tool bars like in the above pictured image, these menu tool-bars can be used to set up charts, indicators, time frames, and others things like drawing trend-lines & Fibonacci retracement levels & Fibonacci expansion levels. To learn how to customize this platform navigate to this MT4 XAUUSD Tutorial Section.
Now that we have looked at the tool bar and menu bar, we shall look at the main work space inter-face of the MT4 software.
Best Online Platform - Meta Trader 4 Best Softwares Online
Market Watch window - This panel is used to show a stream of the exchange rates that's obtained from your broker. In this market watch window you can right click anywhere on this panel to choose show all xauusd or hide the ones you're not interested in & save some bandwidth at the same time. No need to have prices for 50 gold if you are only interested in 4 gold. This make this software easy to use with any inter-net connection another reason why this is the Best Platforms Online.
Data Window - Used to setup Indicators, Expert-Advisors & scripts, you can click any of this menu sub items and expand/collapse the indicators or Expert-Advisors used for automated xauusd.
Gold Charts Panel - This is where price moves will be drawn.
Gold Charts Tab - Navigation from one xauusd to another is easy, just flip through the charts tab as illustrated above.
Terminal Window - This panel is used to display a statement of your trade transactions, profits & loses that you have made in your real account or demo trading account. To enlarge this panel & view open trade transactions, just hover the mouse on the terminal tool-bar til the cursor changes, click and hold down mouse button & then move cursor upwards.
Connection bars - These are used to show connection to net, red bars mean no net connection, green bars show there internet connectivity.
Exchange Rates Graph - this highlights the exchange rates for the xauusd that you're trading so as to display if the exchange rate is going upwards or downwards.
Why MetaTrader 4 is The Best Platforms Online
In the online market there are many softwares available around the internet. But among the top platforms the Best Softwares Online is the MetaTrader 4 Platform Software, it is the best software because of following reasons:
Low Band-width Connection Requirement
Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber Optic internet connection: furthermore, these ##3aren't readily available to some residential areas ##3and ++1might be limited to office buildings. This is why it is best to choose a software which requires the minimum band-width, the MT4 software. Even with the best connection, sometimes the connection might not be available & you might need to use an alternative connectivity like the dial up or modem. MT4 software is the least expensive if you are on a modem. To even reduce further the inter-net band width usage navigate to market watch (Short cut press CTRL+M), Right Click on any gold instrument, Select 'Hide all', now the software only will stream the realtime price quotes for the pairs which you only need and conserve your internet bandwidth even further. Especially when using a phone or i Pad or a Tablet where you are paying for data plan credit doing this can save your internet credit. This is one of reason why the MetaTrader 4 is considered as one of the best softwares online.
The easier it is to connect the easier it's open & close trades on time.
Provided by all XAUUSD Brokers
Another reason why this platform is considered as one of the Best Platforms Online is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a learns the MT4 there is no need to re-learn when you switch to another broker. You can still use the same MT4 software of the new broker without need to learn a new platform software all over again.
Easy Analysis
The other thing that makes this the best software is ease with which you can set up the analysis indicators on the charts. Even those using various web traders will do their analysis in the MetaTrader 4 chart and then place their orders on their web-trader.
Technical analysis traders also can install custom indicators on this software, making it easier to add more analysis tools on to this software. Others also install Automated Expert Advisors on this platform so as to trade automatically with these programs referred to as Automated Expert Advisor Robots.
Best Charts
The MetaTrader 4 has the Best Platforms Online charts representations available and implements many chart timeframes from which a investor can select.
Simplicity
Overall the simplicity of this software & the fact that any investor can learn how to use MetaTrader 4 within one hour makes this the Best Platforms Online for new and experienced traders.
