Best Online Software - MetaTrader 4 Software - Platform

The best trusted platform is the MetaTrader 4 platform. This platform is one of the most common platform which is used nearly by practically almost every other trader & also by nearly almost every broker.

In this learn MT4 course we shall explain to you using examples the MT4 Interface so that new traders who want to start learning this charting platform, can then begin from this lesson.

Best Online Software - MT4 Work Space - Platforms

From above screen shot of the MetaTrader 4 platform software platform there are several tool bars & also several different chart windows that are illustrated and shown.

You can download this trading software from your broker's site. Now after you download platform, then you'll need to learn 1 or 2 things about this software platform:

The first thing that you will need to know is how to install and setup this trading platform on your computer after you have downloaded it. For example if you as a trader downloads the MetaTrader 4 Platform, first you'll need to go to a forex broker website, on the forex broker's website register for a demo practice trade account once you sign up for this free forex demo practice trading account - you will be provided with a download link within the broker's website of where to download the MetaTrader 4 software platform trading software. You will also be provided with your demo account details, and you will use these demo account details to login to the trading platform once you install it(platform) correctly on your Desktop or Laptop PC computer.

Now once you download this trading software platform, assuming that you do not know much about Desktop computers, Laptop computers, MacBook Computers (for Mac PC search: MT4 for Mac or MT4 .dmg file), Once you download - Open your Web Browser (Firefox, Chrome Browser) >>> Go to tools menu on the top left corner of your web browser just next to the "file", "edit", "view" menus click on tools menu, choose the download folder location, (or use keyboard short cut keys: once you launch your web browser on the keyboard press CTRL + J or CTRL+ Y), a download pop up window will appear with the links to the recently downloaded items. Choose and select the MT4 trading platform software that you as a trader have just downloaded on your PC.

Installing MT4 Platform - Forex Trading Platforms

To install this MetaTrader 4, MT4 software platform after downloading, open and launch the downloaded file from where you downloaded it, from there an installation setup wizard appears - this is the pop up that will have the "next", "next" button & all you have to do is to follow the setup guideline steps - in other words just click "next", "next", "next" until you finish installing this software on your computer. After installation the trading platform - his software application will operate just like any other computer software on your computer. Read the guide: How to install MetaTrader 4 software platform.

You can open the MetaTrader 4 software platform from the computer start menu>>> Programs or from the desktop shortcut which appears as a desktop icon tagged and marked MT4 or MT4 after installation of platform is complete.

Demo Account Registering & Login to MT4 Platform Accounts

To open an account on the MT4 platform just click on the "file" menu & then from the drop down menu choose open an account, to login to an account on the MT4 platform, just click on "file" menu at the top left corner and from the drop down menu click sign in or login option from the drop-down menu list items which appear.

Once you login to the MetaaTrader 4 platform using your demo account details, you will get access to trading charts and other technical analysis tools such as indicators that are provided on this trading platform. As a trader you will use these trading tools provided by yhe platform software to place trade transactions within the market while linked to your broker's trading servers via this platform.

FX Software Menu Bar & Chart ToolBars

Menu Bar on MT4 for Navigating within the Trading Software Platform

Menu bar is used to operate and navigate this MT4 trading software from one single panel window. From this panel, which is like a control panel, you as a trader can set how to view the tool-bars, charts, data windows on the platform and even use the file tab to open a trading account - and also to login to your platform trading account.

From the menu bar you as a forex trader can click the view tab & choose the toolbars - like shown and explained on the above pictured screenshot, these menu bars can be used by traders to setup the platform trading charts, technical indicators, chart time-frames, & others things on the platform like drawing trendlines on charts using chart toolbars and Setting Fibonacci retracement levels and Fibonacci expansion levels. To learn and know more about how to customize the MetaTrader 4 trading platform software - go to the MT4 Platform Lesson Section.

Now that we've looked at the tool bar & menu bar, we will look at the main trading workspace interface of the MT4 trade software.

Best Online Software - MetaTrader 4 Software

MarketWatch window - This panel or this window is used to display a streaming list of exchange rates quotes that are received and obtained from your online currency trading broker. In this market-watch windo panel you as a forex trader can right-click anywhere within this panel window to choose "show all" currency pairs or "hide all" to hide the currency pairs that you are not interested in and save some internet band-width at the same time. No need to have streaming prices for 50 forex currency pairs if you're only interested in trading only 4 forex pairs.

Data Window/Panel - Used to setup Technical Indicators, EAs Robots & scripts, you as a trader can click on any of these menu sub items & expand/collapse the trading indicators or EAs used for automated trading.

Charts Window/Panel - This is the area where the forex price movements will be drawn plotted.

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

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

Connection bars - These bars are used to show the connection to the internet, red color bars mean no online internet connection, green color bars illustrate there is internet connectivity on your trading platform.

Exchange Rates Graph - this displays the exchange rates for the currency pairs that you are trading - on the chart a trader can interpret if the exchange rate is going upward or downward market direction. Online traders can analyze the price movements from these trading charts.

Advantages of MT4 Software Platform - Why is MT4 the Best Platform?

In online trading market there are many platforms available around on the internet. But among the top softwares best platform is the MetaTrader 4 software, it's the best trading platform due to and because of the following grounds:

Low Bandwidth Internet Connectivity Requirement

Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber internet connection: furthermore, these are not readily available to some residential areas and may be limited to office/commercial buildings. This is why it's best to select and choose a platform that requires the minimum band width, the MetaTrader 4 platform. Even with the best online internet connection, sometimes the internet connection may not be available & you might need to use an alternative internet connection like a modem. MetaTrader 4 is the least expensive if you're on a modem. To even reduce further the internet band width use go to market watch (Short-cut press CTRL+M), Right Click in any currency, Select and Choose "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 software is considered as one of the best platforms online.

The easier it's to connect the easier it's open & close-out trade positions 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/software there is no need for you to re-learn afresh a new trading software platform when you switch to another broker. You can still use the same MetaTrader 4 of the new broker without the need to learn a new platform all over again.

Easy Technical Analysis

The other thing which makes this the best platform is the ease with which you as a trader 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 software & then place their trade orders on their web trader.

Technical traders can also setup custom indicators in 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 mechanically/automatically with these programs known as Automated Expert Advisor(EA) Bots.

Best Charts

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

Simplicity

Overall the simplicity of this trading platform 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 softwares MT4 is the best platform - Forex Trusted Platforms MT4 Software Platforms. Hence, traders looking for what is the best platform can begin trading with the MT4 platform - Forex Trusted Platforms - as it's the best platform & it's very easy to learn.

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