Best Online Software - MT4 Software - Platform

The best trusted platform software is the MT4 software. This platform is one of the most common platform which is used almost by every other trader as well as almost every online broker.

In this learn MT4 guide we shall explain the MetaTrader 4 Interface so that new traders wanting to start learning this charting software, can then begin from this lesson.

Best Online Software - MT4 Workspace - Trading Platforms

From above screenshot of the this software MT4 software there are several toolbars as well as chart windows.

You can download this trading software from your broker's site. Now after you download platform, then you will need to learn one or two things about this software platform:

The first thing is how to install this platform after you download. For example if you download the MetaTrader 4, you will need to go to a broker first, register for a practice trading account then after you register for a demo account you will be provided with a link where to download the MetaTrader 4 platform.

Now once you download this trading platform, assuming you do not know much about Desktop computers, Open your Web Browser >>> Go to tools on the top-left corner of your web browser just next to "file", "edit", "view" menus click on tools, choose download folder location, (short cut: once you launch your browser click CTRL + J or CTRL+ Y), a download pop up will appear with links to downloaded items. Choose the trading platform that you have just downloaded.

Installing MetaTrader 4 - Forex Trusted Platforms

To install this software after you have downloaded, open the download from where it is where you downloaded, from there an setup wizard appears & all you have to do is to follow the setup instructions. After installation the platform software will operate automatically like any other software. Read guide How to install MetaTrader 4 software.

You can open the MetaTrader 4 platform from the start menu>>> Programs or from desktop shortcut which appears as a desk-top icon marked MetaTrader 4 after installation.

Demo Account Registering & Log-in

To open an account on MT4 just click on the "file" & then on open an account, to login to an account just click on "file" at the top right corner and click sign in from the drop-down menu that appears.

Once youlogin to the trading platform you will get access to charts and other technical analysis tools such as indicators that you will then use to place transactions within the market while linked to your broker's servers.

Forex Software Menu Bar & ToolBars

Menu Bar on MT4 for Navigating within the Trading Platform Software

Menu bar is used to operate and navigate this software from one single window panel. From this panel you can set how to view tool-bars, chart, data windows and even use the file tab to open a account - & also login to your platform account.

From the menu bar you can click the view tab & choose toolbars like in the above pictured screen shot, these menu bars can be used to set up trading platform charts, indicators, time frames, & others things like drawing trend-lines and Fibonacci retracement levels and Fib expansions. To learn how to customize this trading platform software go to the MetaTrader 4 Platform Lesson Section.

Now that we have looked at the toolbar & menu bar, we will look at the main workspace interface of the MT4 software.

Best Online Software - MT4 Software

MarketWatch window - This panel is used to show a stream of the exchange rates that's obtained from your currency online broker. In this market watch panel you can right-click anywhere on this panel to select show all currency pairs or hide the ones you are not interested in and save some band-width at the same time. No need to have prices for 50 forex pairs if you're only interested 4 forex pairs.

Data Window - Used to setup Indicators, EAs & scripts, you can click on any of this menu sub items & expand/collapse the technical indicators or Expert Advisors used for automated trading.

Charts Panel - This is where the currency price moves will be plotted.

Charts Tab - Navigation from one forex pair to another is easy, just flip through the charts tab as illustrated above.

Terminal - This window panel is used to display a statement of your trades, profits & loses that you have made in your real account or demo trading account. To expand this panel and view open trades, just hover the mouse on terminal toolbar until the cursor pointer changes, click & hold down mouse button and then move cursor pointer upwards.

Connection bars - These are used to show the connection to the internet, red bars mean no internet connection, green bars explain there is internet connection.

Exchange Rates Graph - this displays the exchange rates for the currency pairs that you are trading so that to display if the exchange rate is going upward or downwards.

Advantages of MetaTrader 4 Platform - Why MT4 is Best Platform

In online trading market there are many platforms available around the internet. But among the top softwares best trading platform is the MT4 platform, it's the best trading platform because of the following reasons:

Low Bandwidth Internet Connectivity Requirement

Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber Optic internet connection: furthermore, these are not readily available to some residential levels & may be limited to office buildings. This is why it is best to select a platform that requires the minimum band width, the MetaTrader 4 software platform. Even with the best internet connection, sometimes the internet connection may not be available & you might need to use an alternative connection like the dial up or modem. MT4 is the least expensive if you are on a modem. To even reduce further the internet band width usage go to market watch (Short-cut press CTRL+M), Right Click on any currency, Select "Hide all", now the platform will only stream the currencies quotes for the pairs you only need and conserve your bandwidth even further. Especially when using a phone or i Pad or a Tablet where you are paying for phone credit this can save your credit. This is one of reason why the MetaTrader 4 platform is considered as one of the best trading platforms online.

The easier it is to connect the easier it is open & close trades on time.

Provided by all Online Brokers

Another reason why this software is considered as one of best platform is because MT4 is liked by most traders all brokers provide it. Once as a learns the MetaTrader 4 platform there is no need to re-learn when you switch to another online broker. You can still use the same MetaTrader 4 of the new broker without need to learn a new platform software all over again.

Easy Technical Analysis

The other thing which makes this the best platform is the ease with which you can set up the analysis indicators on the currency charts. Even those using various web traders will do their technical analysis in MetaTrader 4 platform and then place their orders on their web trader.

Technical traders can also setup custom technical indicators on this software, making it easier to add more analysis tools onto this trading platform. Others also install Expert Advisors on this software platform so that to trade automatically with these programs known as Automated Expert Advisor Bots.

Best Charts

The MT4 has the best trading platform charts representations available and implements many chart time frame from which a can select.

Simplicity

Overall the simplicity of this trading platform software and the fact that any investor can learn how to use MetaTrader 4 within one hour makes this the best software for new & experienced currency traders.

According to software reviews of the top platforms MT4 is the best platform - Forex Trusted Platforms MetaTrader 4 Platforms. Hence, traders looking for what is the best platform can begin trading with the MetaTrader 4 software - Forex Trusted Platforms - as it's the best platform software & it's very easy to learn.

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