Platform Installation - Trading Platform Lesson

Forex Software MT4 (MT4)

The Online market operates with a total turnover of Market that can go as high as 7.2 trillion dollars each day. Being the most liquid financial markets means that traders can open trades in the market anytime they want & get their profits out easily.

Decreased requirements to trade the market, high speed inter-net & the advances in communications technology are all responsible for having driven this market to where it's today. These changes took the market from being limited to big financial institutions & multinational companies to the point which ordinary people can now trade & participate in the largest financial markets in the world through Online Trading networks or what is called the interbank markets.

Because of the new clientele, online brokerage firms began improving their services and accessibility. Different platforms suitable for different types of traders have been designed to meet the needs of this new market. with accessible online currency platforms and software that is constantly being improved, brokers are finding that the popularity of market is rapidly growing.

Many Brokers feature Micro accounts. These accounts allow their clients to sign up and open a account with a minimum margin of $5.

If you're interested in opening a account, first thing which you will need is a PC Desktop computer with a high-speed internet connectivity. The fast internet connectivity is important for an effective trading strategy to work. You need for your trade orders to be processed quickly.

Next, you'll need to choose a currency brokerage company, the company should provide you with a software to use. The platform is simply a software program that's essential to connect to the market. You download it to your PC Desktop computer and use it.

It is important that you choose a platform that you are comfortable using.

• It must provide real time data that's accurate and up-to-date.
• It must be secure, & stable.
• It should have charting tools to perform technical analysis
• It should also have a feature which will allow you to store your trades history
• You should be able to execute orders with ease
• Easy to learn with

With all the features, you can really improve the way you trade in market & also minimize the risk of losing money.

Consider opening a demo trade account, which is a demo trading account. This will allow you to try the software & market without risking any real money. By practicing with the practice trade account, you allow yourself time to decide if this is actually the program which you would like to use.

Brokers

STP stands for Straight Through Processing Network. With an STP you will be directly connected to the inter-bank network through the Straight Through Processing Network.

MT4

Trading Softwares List

Most traders will generally favor using an STP Broker because it is much easier to place transactions on STP execution

Traders who participate in Forex are traders who want to make a profit by buying currencies that are appreciating in value and selling the ones that are depreciating. To trade online, one needs to open a account with a online broker and deposit money to facilitate online transactions.

Brokers offer online platforms that are designed to stream live forex quotes to their clients (speculators) so that the speculators can instantly execute transactions.

Once a trader chooses a broker, they then download their platform, install it on a PC Desktop computer with an internet connectivity. Then open a trading account & sign in to the platform to receive real-time quotes of currencies. This streaming date is graphically drawn on a grid forming what is known as the charts. The trader then can place trade transactions through this platform provided. Brokers also offer Free Demo Accounts that are free practice accounts that beginners can practice trading with.

Trades can not be made directly on the online market, & can only be set through an broker, connected to the inter-network of other banks, this is the network of international banks that are used to facilitate currency exchange trading.

The most favored Trade software is known as MetaTrader 4 Platform Software (or MT4), MetaTrader 4 platform is very easy to learn and has some of the best charts & this Meta-Quotes MT4 charting package comes with Indicators for technical analysis of charts.

Many Traders agree that the best platform online is the MetaTrader 4 platform. When doing platform comparison most online traders compare other softwares as full of bugs, with a poorly designed user interface that is hard to use and navigate with, & sub-standard analysis tools to select from.

Most Brokers have even switched to MT4 platform after facing pressure from their clients to implement this online software. Some brokers opting to offer a choice between, their own software and also MT4 software, among other platforms like Currenex.

MetaTrader 4 Platform Software

The MT4 is a software for trading the online financial markets. The MT4 has versions for both platforms for PC computers and platforms for phone apps. MetaTrader 4 platform is a tool used by online traders to get access to the market, interpret price charts & place orders through to their brokers using MT4 software platform. The MT4 software is owned by broker from where you can download it for free from their site.

The Key features of the MT4 Platform

• Extremely Fast Order Execution.
• Real-time summary of trader's order, account equity, floating profit and loss
• Chart based Click Transaction via MT4.
• Market Analysis Tools & Technical Analysis Tools - indicators
• Automated programming language & Expert Advisors (EA).
• Daily Account Statement Sent to Clients Email
• Complete analysis package, with wide range of built in indicators and charting tools.
• Multilingual user inter-face - English, Arabic, German, Spanish, French, Chinese, Russian

These features make MetaTrader 4 the most favored software.

You can download MT4 Software & practice trading with these tools on demo account.

MT4 Mobile Software Edition

Trading on your mobile phone allows you to manage your account from your portable mobile phone device, whether it is your smart phone or your Pocket PC. Mobile platforms offer a convenient method to keep a tab on your account when you don't have access to your desktop PC. From your phone platform you can keep up with the market movements, analyze the movements & adjust your trade orders from tour phone. With phone you can access financial markets from anywhere.

MT4 Mobile Software

• Full features for management of accounts.
• Accessible from any location worldwide
• Currency charts
• 30 indicators - MT4 indicators
• Support all types of orders
• Financial market news
• VGA mode support.

MT4 Mobile (Smartphone Edition)

• Full features for management of accounts.
• Accessible from any location worldwide
• Currency charts
• Technical indicators - MT4 indicators
• Supports all types of orders.
• Financial market news

The MT4 Mobile platform - Smartphone Edition is the mobile trader for smart phones operating under the MS Windows Mobile.