Trade Forex Trading

Best Online Software - MetaTrader 4 Software - Platform

The most reliable platform is the MetaTrader 4 platform. This platform is among the most widely used, adopted by nearly every trader and almost every broker.

In this MT4 course, we will explain the platform interface through examples, enabling beginners to familiarize themselves with its features starting with this lesson.

MT4 Softwares - Top Softwares - Software MetaTrader 4 Platform Software Tutorial Course

Best Online Software - MT4 Work Space - Platforms

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

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

Start by learning to install and set up the trading platform on your PC after download. Say you download MetaTrader 4 as a trader. Go to a forex broker's site first. Register there for a demo account. After signup for the free forex demo, you get a download link on their site for the MT4 software. They also give your demo login details. Use those to sign in once you install the platform on your desktop or laptop.

Now once you download this trading software, 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 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 MetaTrader 4 or MT4 after installation of platform is complete.

Demo Account Registering & Login to MT4 Platform Accounts

To initiate a new account within the MT4 platform, simply access the "File" menu and select "Open an Account" from the resulting dropdown selection. To sign in to an existing account on the MT4 platform, click on the "File" menu located at the upper left corner, and then choose the "Sign In" or "Login" option from the list that appears underneath.

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 trades within the market while linked to your broker's trading servers via this platform.

FX Software Menu Bar & Chart ToolBars

MT4 Forex Software - Best Online Trading Platforms

Menu Bar on MT4 for Navigating within the Trading 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 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.

We've gone over the toolbar and menu bar. Now, let's dive into the main trading workspace in the MT4 software.

Best Online Trade Platforms - MetaTrader 4 Trading 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 can click on any of these menu sub items & expand/collapse the trading indicators or EAs used for automated trading.

Price movements in forex charts are plotted visually within designated chart panels or interface windows.

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

Terminal - This trade transactions window is used to show a statement of your trades, profits and losses 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 indicate internet connectivity status within the trading platform. Red bars imply no internet access, while green bars confirm active, reliable connectivity for smooth operation.

An Exchange Rates Graph showcases currency pair exchange rates over time. Traders can use this chart to analyze whether exchange rates are trending upward or downward in the market and make informed decisions based on observed price movements.

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

Many platforms exist for online trading. MetaTrader 4 tops the list. It stands out for these reasons:

Low Bandwidth Internet Connectivity Requirement

Not everybody can afford to pay for the best internet connection, satellite internet connection, T1 connection or High Speed 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 is best to select and choose a platform which requires the minimum band width, the MetaTrader 4 software. Even with the best online internet connection, sometimes the internet connection may not be available & you might & may 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.

Furnished by all Brokerages Online

Another compelling factor contributing to this software's reputation as a premier platform is its widespread adoption across virtually all brokers. Once proficiency is achieved with the MetaTrader 4 platform/software, there is no requirement to undergo a complete re-learning process when shifting allegiance to a different brokerage. You can seamlessly continue utilizing the same MetaTrader 4 installation with the new broker, bypassing the need to familiarize yourself with entirely new software.

Easy Technical Analysis

The other thing which makes this 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 software & then place their trade orders on their web trader.

Technical traders can add custom indicators to this software. It makes it simple to include more analysis tools on the platform. Some add Expert Advisors to trade on auto. These are programs called automated 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 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 software 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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