Best Platform for MAC - MT4 Platform
Trading Softwares for Mac - the Best Trading Platform for MAC is the MetaTrader 4 software. This is one of most common software which's used by almost every other trader as well as by almost every online trading broker.
In this learn Trading Softwares for Mac tutorial we shall explain the MT4 Interface so that beginner traders wanting to begin learning this Best Trading Platform for MAC, can then start from the lesson.
Best Platform for MAC - MT4 Workspace
Form the above screenshot of the this trading software there are several tool bars as well as chart window.
You can download this Best Trading Platform for MAC from your online broker's website. Now after you download it, then you'll need to learn one or two things about this platform - Trading Softwares for Mac:
First thing is how to setup this trading platform after you download. For example if you download the MT4 software, you'll need to go to a online broker first, register for a demo trading account then after you sign up for a demo trade account you will be provided with a link where to download MT4 Softwares for Mac.
Once you download this trading platform, assuming you don't know much about PC Desktop computers, Open your Browser >>> Go to tools on left top corner of your browser next to the 'file', 'edit', 'view' menus click on tools, select download file location, (shortcut: once you as a trader open your web browser click in CTRL+J or CTRL+ Y), a download pop-up will appear with links to down-loaded items. Select the MT4 software that you have just downloaded.
Installing MT4 - Best Trading Platform for MAC
To setup this platform after you have downloaded, launch the download from where you downloaded, from there an installation pop-pup wizard pops up and all you have to do is to follow the MT4 Platform for Mac installation instructions. After installation the MT4 Platform for Mac will run automatically just like any other software. Read tutorial How to install MetaTrader 4. This MT4 platform for Mac is easy to install and this is another reason why this software is the Best Platform for MAC.
You can open MetaTrader 4 from the begin menu>>> Programs or from the desktop short cut that appears as a desktop icon marked MT4 after setup.
Demo Account Opening and Sign-In
To open an account on MetaTrader 4 just click on 'file' & then on open an account, to login to an account just click on 'file' at the top right corner and click login from the drop-down menu that pops up.
Once yousign in to the MT4 you will get access to charts & other technical analysis tools such as indicators that you'll then use to place trades within the market while connected to your online broker's servers.
Platform Menu Bar and Tool-Bars
Menu Bar in Meta Trader 4 for Navigating within the Trading Platform - Best trading software
Menu bar is used to operate and navigate this software using a single window. From this panel you can set how to view tool bars, chart, data windows & even use the file tab to open a account - and also sign in to your trading account. This menu bar makes this platform easy to operate & this is also why this is Best Trading Platform for MAC for beginners.
From menu bar you can click on the view tab and select chart tool bars like in the above screenshot, these menu bars can be used to set up charts, indicators, time frames, & others things like drawing trendlines & Fibo retracement areas & Fib extension levels. To learn how to customize this trade platform go to this MT4 Forex Guide Section.
Now that we have looked at the tool bar & menu bar, we shall look at the main work-space inter-face of the MetaTrader 4 platform.
Best Online Software - MT4 Platform for MAC
Market Watch window - This window is used to show a stream of the exchange rates that's obtained from your currency broker. In this market watch window you can right click anywhere on this panel to select show all forex pairs or hide the ones you're not interested in & save some bandwidth at the same time. No need to have prices for 50 currency pairs if you're only interested 4 currency pairs. This make this trading software easy to use with any inter net connection another reason why this is Best Trading Platform for MAC.
Data Window Interface - Used to setup Indicators, Expert Advisors and scripts, you can click on any of this menu sub items & expand/collapse the 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 Window Panel - This panel is used to illustrate a statement of your trades, profits and loses that you have made in your live trading account or demo trading account. To enlarge this window & view open trade transactions, just hover the mouse on terminal tool bar until the cursor pointer changes, click & hold down mouse button and then move cursor pointer upward.
Connection bars - These are used to show the connection to the internet, red bars mean no internet connection, green bars explain there's internet connection.
Exchange Rates Graph - this displays the exchange rates for the forex pairs that you're trading so that to display if the exchange rate is going upwards or downwards.
Advantages of MT4 - Why MT4 is The Best Trading Platform for MAC
In the online market there are many trading softwares available around the internet. But among the top trading softwares the Best Trading Platform for MAC is the MT4 Software, it is the best software because of following reasons:
Low Band-width Connection Requirement
Not everyone can afford to pay for the best internet connection, the T1, the satellite, ADSL or Fiber internet connection: furthermore, these aren't readily available to some residential areas and may be limited to office buildings. This is why it's best to select a platform which requires the minimum band width, MT4 software. Even with the best connection, sometimes the connection might not be available and you may 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 bandwidth usage navigate to market watch (Shortcut press CTRL+M), Right-Click on any currency, Choose 'Hide all', now the trading software will only stream the currencies quotes for the pairs you only need and conserve your inter net band-width even further. Especially when using a phone or i Pad or a Tablet where you're paying for phone credit doing this can save your inter-net data credit. This is one of reason why MetaTrader 4 is considered as one of the Best Platform for MACs online.
The easier it is to connect the easier it is open and close trades on time.
Provided by all Brokers
Another reason why this trading software is considered as one of Best Trading Platform for MAC is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a trader learns the MT4 software there is no need to re-learn when you switch to another broker. You can still use the same MetaTrader 4 software of the new broker without need to learn a new software all over again.
Easy Analysis
The other thing which makes this the Best Trading Platform for MAC is the ease with which you can set up the technical analysis indicators on the currency charts. Even those using various web traders will do their technical analysis in Meta Trader 4 chart & then place their orders on their webtrader.
Technical analysis traders also can setup custom indicators on this trading platform, making it easier to add more technical analysis tools onto this platform. Others also install EAs on this trading platform so as to trade automatically with these programs referred to as automated Expert Advisor Bots.
Best Charts
The MetaTrader 4 has the Best Trading Platform for MAC charts representations available and implements many chart time frames from which a can select.
Simplicity
Overall the simplicity of this software and the fact that any investor can learn how to use MT4 within one hour makes this the Best Trading Platform for MAC for new and experienced currency traders.
