Best Trading Platform Oil Trading

The Best Trading Platform Oil Trading is the MT4 Oil Trading software. This is one of the most common oil trading platform which is used almost by every Oil trader as well as almost every online oil broker.

In this tutorial we shall explain the MetaTrader 4 Interface so that beginners wanting to start learning this Best Platform Oil Trading, can then start from this tutorial.

Best Trading Platform Crude Oil Trading - MetaTrader 4 Workspace

Form the above screen-shot of the this platform there are several tool-bars as well as chart window.

You can download this Best Trading Platform Oil Trading from your broker's site. Now after you download it, then you will need to learn one or two things about this oil trading platform:

The first thing is how to install this oil trading software after you download. For example if you download the MT4 crude oil platform, you will need to navigate to a broker first, register for a practice trading account then after you register for a practice crude oil trading account you'll be provided with a link where to download MetaTrader 4 Oil Trading Platform.

Now once you download this oil trading platform, assuming you don't know much about Desktop PC computers, Open your Web Browser >>> Go to tools at the top left corner of your web browser next to 'file', 'edit', 'view' and click on tools, select download folder location, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download popup will pop-up with links to downloaded items. Select the MT4 trading software that you have just downloaded.

Installing MT4 Oil Trading Software

To install this software after you have downloaded, launch the download from where you downloaded, from there an installation wizard appears & all you've to do is to follow the setup instructions. After setup the platform will run automatically just like any other software. Read guide How to install MT4 crude oil trading platform. This platform is easy to install & this is another reason why this trading platform is the Best Trading Platform Oil Trading.

You can open the MT4 from the begin menu>>> Programs or from desktop short-cut that pops up as a desktop icon marked MetaTrader 4 after set up.

Demo Crude Oil Trading Account Registering and Log-in

To open an account in MT4 just click on 'file' and then on open an account, to log in to an account just click on 'file' at the top right corner and click sign in from the drop down menu that appears.

Once youlogin to the MetaTrader 4 crude oil trading platform you'll get access to charts and other technical analysis tools such as technical indicators that you will then use to place trades within the crude oil market while connected to your oil broker's servers.

Oil Platform Menu Bar & Tool-bars

Menu Bar in MT4 For Navigating within the Software - Best oil software

Menu bar is used to operate & navigate this oil trading platform from one single panel. From this panel you can set how to view tool bars, chart, data window and even use the file tab to open a crude oil trading account - & also login to your account. This menu bar makes this platform easy to operate & this is also why this is the Best Trading Platform Oil Trading for beginner traders.

Form the menu bar you can click on the view tab & select chart tool-bars like in the above pictured image, these menu bars can be used to set up charts, indicators, time frames, & others things like drawing oil trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this software navigate to this MT4 Oil Tutorial Section.

Now that we have looked at the tool-bar & menu bar, we shall look at the main work-space interface of the MT4 crude oil trading software.

Best Trading Platform Crude Oil Trading - MT4 Best Trading Platform Oil Trading

Market Watch window - This window panel is used to show a stream of the exchange rates that is obtained from your oil broker. In this market watch window panel you can right click anywhere on this panel to choose show all trading instruments or hide the ones you're not interested in & save some band-width at the same time. No need to have prices for 50 trading instruments if you're only interested in 4 instruments. This make this platform easy to use with any inter-net connectivity another reason why this is the Best Trading Platform Oil Trading.

Data Window - Used to setup Crude Oil Indicators, Expert Advisors and scripts, you can click any of this menu sub items & expand/collapse the indicators or Expert Advisors used for automated oil trading.

Oil Trading Charts Panel - This is where the crude oil price moves will be drawn.

Oil Trading Charts Tab - Navigation from one instrument to another is easy, just flip through the charts tab as displayed above.

Terminal Window - This panel is used to display a statement of your trades, profits & loses that you have made in your live crude oil trading account or demo crude oil trading account. To enlarge this window panel and view the open trades, just hover mouse on the terminal window toolbar until cursor changes, click & hold down the mouse button key & then move cursor upwards.

Connection bars - These are used to show the connection to net, red bars mean no net connectivity, green bars illustrate there is internet connectivity.

Exchange Rates Graph - this shows the exchange rates for oil that you're trading in order to explain if the exchange rate is going upward or downward.

Advantages of MetaTrader 4

In the online oil market there are many oil platforms available around the internet. But among the top oil softwares the Best Trading Platform Oil Trading is the MT4 Oil Platform, it is the best Oil software because of the following reasons:

Low Bandwidth Connection Requirement

Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber Optic internet connection: furthermore, these are not freely available to some residential areas and may be limited to office buildings. This is why it is best to choose a oil trading platform which requires the minimum bandwidth, the MT4 crude oil trading platform. Even with the best connection, sometimes the connection might not be available & you may need to use an alternative connection like the dial up or modem. MetaTrader 4 crude oil platform is the least expensive if you're on a modem. To even reduce further the internet band width usage navigate to market watch (Shortcut Keys press CTRL+M), Right Click on any trading instrument, Select 'Hide all', now the platform will only stream the crude oil price quotes for the pairs you only need & conserve your inter net band-width even further. Especially when using a mobile phone or i Pad or a Tablet where you're paying for phone credit this can save your inter-net credit. This is one of the reason why the MT4 is considered as one of the Best Oil Trading Software online.

The easier it is to connect the easier it's open & close trades on time.

Provided by all Oil Trading Brokers

Another reason why this oil software is considered as one of the Best Trading Platform Oil Trading is because MetaTrader 4 is liked by most traders all online brokers provide it. Once as an learns the MT4 crude oil trading software there is no need to re-learn when you switch to another crude oil broker. You can still use the same MT4 software of the new oil broker without the need to learn a new oil software all over again.

Easy Technical Analysis

The other thing which makes this the Best Trading Platform Oil Trading is the ease with which you can set up the technical analysis technical indicators on the oil charts. Even those using various web traders will do their technical analysis in the MetaTrader 4 crude oil chart & then place their oil orders on their web trader.

Technical analysis traders can also setup custom technical indicators on this oil trading software, making it easier to add more technical analysis tools on to this platform. Others also install automated Expert Advisors on this oil trading platform so as to trade automatically with these programs referred to as automated Expert-Advisor Oil Bots.

Best Oil Trading Charts

The MetaTrader 4 has the Best Trading Platform Oil charts representations available & implements many chart timeframes 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 Oil Trading for new and experienced crude oil traders.