Trading Stock Get Started with Stock MT4 Platform
To start stocks with the MT4 stock platform, you need to follow the steps listed below:
Download MT4 Stocks Platform
Install MT4 Stocks Platform on Your PC.Open a stock trading account on the MT4 platform. Log in to the MT4 Stock Account with your stocks account sign in credentials Open Stock Charts and place Stocks Trades using the MT4 Platform.
How to Open a MT4 Stock Account
After you Download MetaTrader 4 Stocks Platform from your stocks broker you'll then need to open a MetaTrader 4 Stock Account to trade with.
How to Open a Demo Account using MT4 Stocks Platform
- Download the MetaTrader 4 Stocks Platform - MT4 Platform.
- Setup MetaTrader 4 Platform.
- Open MT4 Platform.
- Enter the Login Details: Account Name and Password for the Demo Trade Account
- Open Stock Charts and start practice trading.
- If you do not have a stocks demo account you can register for a demo trade account using the File menu, Click New Practice Account Registration and enter your details and sign up for an MT4 stocks account.
How to Open a Real Account in MT4
- Download MT4 Stock Platform
- Install MT4 Stocks Platform on your PC Computer.
- Open MT4 Stocks Platform on your PC Computer.
- Click on the File Menu & Choose Open an Account.
- Choose The Real Trading Account Option.
- Fill in the real stocks account opening form.
- Enter you stocks account log in credentials for the Demo practice account.
- Trade Stocks from the free MT4 stocks charts provided.
Trading Stocks Start Trading on MT4 Platform
The following screen-shot below shows the main MetaTrader 4 stock platform inter-face. As a beginner trader trying to learn how to execute stocks orders in the online stocks market, the main tool for trading the online stocks market is the MetaTrader 4 stock platform software. This is the software which you'll connect to your online stocks broker and execute stocks trade transactions & monitor your stocks account balance from this stocks MT4 platform software.
The MT4 stock platform is provided for free through the various stocks broker web sites. This MT4 software looks like the stocks example illustrated and explained below:
Trading Stock Get Started with Stock MT4 Platform? - Stocks Account MetaTrader 4 Download
Main Areas of this MetaTrader 4 stock platform as shown above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator Window
- Market Watch Window
- Terminal Window
- Connection Bars
For this MT4 stock platform tutorial we shall look at a brief introduction for each of these how to use MT4 stock platform tutorials:
1. Navigation Menus
The navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These are main navigation menus that can be used to navigate MetaTrader 4 software. As a stocks beginner trader you can begin by clicking any of these navigation menus to familiarize yourself with various button keys that are arranged as sub menus within these navigation menus.
These navigation menus will be explained in details in the next MetaTrader 4 stock platform tutorial for stocks novice traders about navigation menus.
2. Toolbars
This how to trade in MT4 explains the tool bars are used to manipulate trading charts, either by placing indicators, line studies, change stocks chart timeframes and load an MT4 template from a list of saved templates.
These tool bars will be discussed on other how to use MT4 stock platform tutorials which will outline each button on this tool bar and how to add & customize these tool bars.
3. Chart Panel
This is the main area where stocks charts are displayed & a trader can analyze the stocks trend direction of a stocks chart whether up or down, place indicators on stock charts for technical analysis & even place orders from these stocks charts.
4. Navigator
Navigator MT4 stock platform tutorial will contain information about stocks accounts, whether practice MT4 stocks account or real MT4 stocks account, this window will also have a list of all the MT4 technical indicators as well as Expert Advisors & scripts.
A trader can select which stock account to log in to by expanding the Accounts menu, select an technical indicator by expanding the indicator menu or choose an EA by expanding the EA menu.
5. Market Watch
Market watch stocks MT4 tutorial - Market watch is used to show streaming quotes for stocks instruments. This window panel can list as many quotes provided by your stocks broker or a few that are selected by a trader. To save inter-net bandwidth, right-click inside the stocks market watch window and select "Hide All", so as to hide the stocks instruments that you are not trading & save on inter-net bandwidth.
6. Terminal
This is window panel that is like the bank account trade area for your stocks trade transactions, on this window panel you can view your balance, profit & losses statement, equity, margin used also retrieve a copy of all your stocks transactions history.
This will also list all open stocks trade transactions and calculate all the profit and loss in real-time as the stocks prices move upwards or downwards.
7. Connection Bar
Red bars are for no connectivity, green bars show that there is connection to the servers and stocks trade orders can be placed. These connection bars should always be green when one is logged into their MT4 practice stocks account or MetaTrader 4 live trading account.
These main areas form the MT4 Stock Platform interface and will be the main areas to be covered in detail in the next learn stocks MT4 platform tutorials. For now it is best to download MetaTrader 4 platform & familiarize yourself with the software interface.
Why Stocks Software is Required for Placing Stocks Trade trades with Brokers
Stock platform is software that's used to access the stocks market & interpret these stocks price movements using technical analysis stocks charts. There are various reasons why a trader requires to use a good stocks platform. A good stocks platform can determine if a as a trader you make profit or not.
So why does a trader need a good Stock platform:
To connect to the Trading Server:
To place order a trader needs to use a stocks platform that will connect to the trading servers of their stocks broker and allow them to open and close orders. Good stocks platforms will connect with ease to the brokers' servers and allow traders to place orders at any time from their computer.
To analyze stocks charts using technical analysis
To open a buy or sell order one needs to first interpret direction of a stocks. This is why all good stocks platforms provide technical stocks tools such as stocks price charts, indicators and various different chart time-frames from which a trader can analyze stocks price moves using the chart timeframes of their choice.
How to Use MetaTrader 4 Stocks Platform Tutorial - Stocks Account MetaTrader 4 Download
From the above MT4 stock platform inter-face, the summary of all data required by a trader is provided on this MT4 stock platform interface
- Connection - connection to the broker servers
- Charts - price graphs which display stocks prices
- Tool bars - tool bars to add technical analysis tools and technical analysis technical indicators
- Market Watch - for displaying available financial instruments
- Data window panel - provides account information and other indicator data
- Exchange rates - shows current market stocks price on a stocks chart
- Menu bar - Shows all menu items on the platforms
How to Use MetaTrader 4 Stocks Platform Tutorial - Stocks Account MetaTrader 4 Download
