Trade Forex Trading

Trading Software Setup - Platform Lesson

Platform MT4 (MT4)

The Online market, being one of the liquid financial trading market means that traders can open trades in the market anytime they want & place their trade positions.

Decreased requirements to trade the market, high speed internet and the advances in internet & online communication technology are all responsible for having driven this market to where it is today. These changes took the market from being limited to big financial institutions and multinational firms to the point where the ordinary retail traders can now trade & participate in the largest financial trading markets in the world through Online Trading networks or what is referred to as inter bank market.

Because of this new clientele, brokerage companies began improving their services and accessibility. Different platforms suitable for different types of traders have been built and designed to meet the needs of this new market. With accessible platforms and software that is constantly being improved, brokers are finding that the popularity of this market is rapidly increasing.

Many Brokers feature Micro trading accounts. These accounts allow their clients to register & open a account with a minimum margin of $5.

If you are interested in opening a account, first thing that you will need is a computer with a high-speed internet connection. The fast online internet connection is important for an effective trade strategy to work. You need for your orders to be executed very quickly.

Next, you'll need to choose a brokerage company, the company should provide you with a platform to use. The platform is simply a software program that's needed for connecting to the online trading market. You download it to your desktop computer and use it.

It is important that you choose a platform that you're comfortable using.

  • It must provide realtime data that's accurate and up-to-date.
  • It must be secure, and stable.
  • It should have the charting tools to perform technical analysis
  • It should also have the feature that will allow you to store your trade positions history
  • You as a trader should be able to execute orders with ease
  • Easy to learn with

With all these features, you as a trader can really improve the way you trade in market and also minimize the risk of you losing money.

Consider opening a demo practice trade account, which is a practice account. This will allow you as a trader to try out the software & market without risking any real money. By practicing with the practice trade account, you allow yourself enough time to decide if this is the software program that you would like to use.

Brokers

STP means Straight Through Processing(STP) Network. With an STP you'll be directly connected to the inter-bank network through the STP Network.

MT4

Gold with the MT4 Platform Software - Platform MetaTrader 4 - Platform MT4 (MT4)

Gold Softwares List

Most traders will generally favor using an STP Online Broker because it is much easier to place trade transactions on STP execution

Traders who participate in Gold are investors that want to make profit by buying currencies which are appreciating in value and selling the ones which are depreciating. To trade XAUUSD online, a trader needs to open a account with a broker & deposit money to facilitate online Gold transactions.

Brokers offer online trade platform softwares which are designed to stream real time quotes to their clients/customers (retail traders) so that the online traders can spontaneously execute transactions.

Once a trader chooses a online broker, they then download their platform, install it on a computer with an inter-net connection. Then open a account and sign-in to the platform to receive realtime quotes of currencies. This streaming data is graphically drawn on a grid forming what is known as the charts. Trader can then place trades through this platform provided. Brokers also offer Free Demo Accounts that are free practice accounts that beginners can practice gold trading with.

Trades can not be made directly on the online market, and only can be set through an broker, linked to the internet-work of other banks, this is the network of big banks which are used to facilitate the online exchange trading.

The most favored XAUUSD software is referred to as MT4 Software (or MT4), MT4 software is very easy to learn and has some of the best charts and this MetaQuotes MT4 charting platform comes with Indicators for trading analysis of charts.

Many Traders agree that the best platform online is the MT4. When doing trade software comparison most traders compare & analyze other trading platformsplatforms to be full of bugs, with a poorly designed user interface that is hard to use & navigate with, & sub-standard technical analysis tools to choose from.

Most Brokers have even switched to MT4 software after facing pressure from their clients to implement this online software. Some brokers choosing to offer and provide a choice between, their own software and also the MT4 software, among other platformsplatforms like Currenex.

MetaTrader 4 Platform

The MT4 is a platform software for trading the online financial trading markets. The MT4 software has versions for both platforms for PC Desktop computers and platforms for phone apps. The MT4 platform is a tool used by traders to gain access to the market, interpret price charts and open trade orders through to their brokers using MT4 software. MT4 software is owned by the broker from where you as a trader can download it for free from their web site.

Key features of MetaTrader 4 Software

  • Extremely Fast Trade Execution.
  • Realtime summary of client's order, account equity, floating profit and loss
  • Chart based Click Transaction via MetaTrader 4.
  • Market Analysis Tools and Analysis Tools - indicators
  • Automated programming language and EAs (Expert Advisor).
  • Daily Trading Account Statement Sent to the Clients E mail
  • Complete trading analysis package, with wide range of built in indicators and charting & trading tools.
  • Multilingual user work-space - English, Arabic, German, Spanish, French, Chinese, Russian

These features make the MetaTrader 4 the most favored platform.

You can download MT4 Platform Software & practice trading with these Gold tools on a demo account.

MT4 Mobile Platform Software Version

Trading on your mobile allows you to manage your account on your portable phone device, whether it's your smart-phone or your Pocket PC. Mobile apps offer a alternative method to keep a tab on your account when you do not have access to your desktop PC. From your phone app you as a gold trader can follow market moves, interpret the movements and adjust your orders from tour phone. With phone you as a trader can access online financial markets from anywhere.

Meta Trader 4 Mobile Trading Software

  • Full features for management of trading accounts.
  • Accessible from any location globally
  • charts
  • 30 indicators - MT4 indicators
  • Support all types of trade orders
  • Financial market news
  • VGA mode support.

Meta Trader 4 Mobile (Smartphone Edition)

  • Full features for management of trading accounts.
  • Accessible from any location globally
  • charts
  • Indicators - MT4 indicators
  • Supports all types of trade orders.
  • Financial market news

The MT4 Mobile platform - Smartphone Edition is the mobile trader for smart phones operating under MS Windows Mobile.

Study More Tutorials and Courses:

Forex Market Traders Seminar Gala

Forex Market Traders Seminar

XAUUSD Broker