How to Trade Stock Trading on MT4
The following MetaTrader 4 Stocks Platform screen shot below shows Metaquotes MetaTrader 4 Platform. As a beginner trader trying to learn how to trade the stocks market - the first you will need to learn is How to Use MT4 Stocks Platform - How to Trade Stock Trading in MetaTrader 4 Platform - How to Trade Stock Trading in MetaTrader 4 Software - How to Use MT4 Stocks Platform Tutorial Course: Stock MT4 Download. MT4 Stocks Platform is the stocks platform software that you will use to connect to your online stocks broker with & execute stocks trade transactions & monitor your stocks account balance.
The MT4 is provided for free byMetaTrader 4 stock trading brokers. Stocks Tutorial MT4 - This MT4 stock platform platform looks like stocks example illustrated and explained below:
Main Areas of this MT4 Stocks Platform as explained above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator
- Market Watch
- Terminal
- Connection Bars
Stocks Tutorial MT4 - How to Use MT4 Stocks Platform Tutorial Course:
1. Navigation Menus
The navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These are the main MT4 navigation menus which can be used to navigate the MT4 stock platform.
These navigation menus will be discussed in details in the next How to Use MT4 Stocks Platform Tutorial about navigation menus.
2. Toolbars
The MT4 tool bars are used to place stocks tools on stock charts, stock traders can place indicators on MT4 stocks charts, place line studies on MT4 stocks charts, change stocks chart timeframes and load a saved MT4 template from a list of saved templates.
These MetaTrader 4 tool bars will be discussed on other How to Use MT4 Stocks Platform Tutorials which will outline each button on each MT4 tool bar and explain how to add and customize these tool bars on the MT4 platform.
3. Chart Panel
This is the main MT4 stock platform area where stocks charts are displayed & a trader can analyze the stocks trend direction of a stocks chart whether up or down, place stocks indicators for technical analysis & even place orders from these stocks charts.
4. Navigator
Navigator window panel will contain information about stocks accounts, whether practice stocks account or real account, this window panel will also have a list of all MT4 technical indicators as well as Expert Advisors & scripts.
A trader can select which stocks account to login by expanding the Accounts menu, choose an technical indicator by expanding the indicator menu or chose an Expert Advisor by expanding the Expert Advisor menu.
5. Market Watch
Market watch is used to show streaming stocks quotes for stocks instruments. This Market Watch window can list as many stocks quotes provided by your stocks broker or a few chosen by a trader.
6. Terminal
This is the panel that is like the stocks account transaction 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 trade transactions history.
This will also list all open stocks transactions and calculate all the profit and loss in realtime as a 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 a trader is logged into their demo stocks account or live stocks account.
These main areas form the MT4 interface and will be the main areas to be covered in detail in the next How to Use MT4 Stocks Platform Tutorial. For now it is best to download MetaTrader 4 stock platform and familiarize yourself with the MT4 stock platform interface.
Why Stocks Software is Required for Placing Stocks Trade Transactions with Brokers
Stock platform is software that's used to access the stocks market & interpret these stocks price movements using technical analysis stocks indicators & tools. There are various reasons why one 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 platform:
To connect to the Trading Server:
To place a stocks 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 stock traders to place stocks orders at any time from their computer.
To analyze stocks charts using technical analysis technical indicators
To open a buy or sell order one needs to first interpret direction of a stocks. This is why all good stocks platforms provide stocks technical analysis tools such as stocks price charts, stocks technical indicators & various different chart timeframes from which trader can analyze stocks price moves using the stock chart time frames of their choice.
From the above MT4 Stocks Platform inter-face, the summary of all information required by a trader is provided on this MT4 Stocks Platform interface
- Connection - connection to the broker servers
- Charts - price graphs which display stocks prices
- Toolbars - toolbars to add stocks tools and stocks technical analysis technical indicators
- Market Watch - for displaying available financial instruments
- Data window panel - provides stocks account information and other indicator data
- Exchange rates - shows current market stocks price of a stocks instrument
- Menu bar - Shows all menu items on the MT4 Platform
