Best Online Stock Software - MT4 Stocks Software
The Best Online Stock Platform is the MT4 Stocks software. This is one of the most common stocks platform which is used by almost every trader as well as almost every online stocks broker.
In this tutorial we shall explain the MetaTrader 4 Interface so that beginners wanting to begin learning this Best Online Stock Trading Software, can then begin from this course.
Best Online Stock Software - MT4 Workspace
Form the above screen-shot of the this software there are several toolbars as well as chart window.
You can download this Best Online Stock Trading Platform from your broker's website. Now after you download it, then you will need to learn one or two things about this platform:
The first thing is how to install this platform after you download. For example if you download the MT4 platform, you will need to go to a stocks broker first, register for a practice trading account then after you sign up for a demo trade account you will be provided with a link where to download the MT4 Platform Software.
Once you download this 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 the tools, select download folder location, (short-cut: once you open your web browser click CTRL+J or CTRL+ Y), a download pop-up will appear with links to downloaded items. Choose the MetaTrader 4 software that you have just downloaded.
Installing MetaTrader 4 - Best Online Stock Platform
To install this software after you've downloaded, open the download from where it is that you downloaded, from there an setup wizard appears & all you have to do is to follow the setup instructions. After installation the platform will run automatically like any other software. Read tutorial How to install MT4 software. This platform is easy to install and this is another reason why this platform is the Best Online Stock Trading Platform.
You can open MT4 from the begin menu>>> Programs or from desktop short cut which pops up as a desktop icon marked MT4 after setup.
Demo stocks Account Opening & Login
To open an account on MetaTrader 4 just click on "file" and 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 yousign in to the MT4 software you'll get access to charts and other technical analysis tools such as indicators that you will then use to place positions within the market while connected to your stocks broker's servers.
stocks trading Platform Menu Bar and ToolBars
Menu Bar in MetaTrader 4 for Navigating within the Platform - Best platform
Menu bar is used to operate & navigate this stocks platform from one panel. From this panel you can set how to view toolbars, chart, data window & even use the file tab to open a stocks account - & also sign in to your account. This menu bar makes this platform easy to operate & this is also why this is Best Online Stock Platform for beginners.
From menu bar you can click on the view tab & select chart tool-bars like in the above image, these menu toolbars can be used to set up charts, indicators, time frames, & others things like drawing trend-lines and Fib retracement levels and Fibonacci expansions. To learn how to customize this software navigate to this MT4 Tutorial Section.
Now that we have looked at the tool bar and menu bar, we shall look at the main work space inter-face of the MetaTrader 4 platform.
Best Online Stock Software - MT4 Online Stock Software
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 currency pairs or hide the ones you are not interested in & save some bandwidth at the same time. No need to have streaming prices for 50 pairs if you're only interested 4 forex pairs. This make this platform easy to use with any inter net connection another reason why this is Best Online Stock Platform.
Data Window - Used to setup Indicators, EAs & 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 shown above.
Terminal Window - This panel is used to display a statement of your trade transactions, profits & loses that you have made in your live account or demo trade account. To expand this window and view open trades, just hover the mouse on terminal tool bar til 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 connectivity, green bars explain there's internet connection.
Exchange Rates Graph - this displays the exchange rates for the forex pairs that you are trading so that to display if the exchange rate is going upward or downwards.
