Stock for Beginner Traders

Setting up Demo Account and MT4 Stocks Platform

To start stock trading a beginner will need to set up a practice stocks account which they can practice trading stocks with before opening a real stocks account. A practice account commonly referred to as a demo stocks account is a stocks account provided by a broker so that a beginner trader can learn to execute stock trades risk free and at the same time learn the stock trading platform of the broker.

Stock Platform

Before you learn the stocks MT4 platform, you will need to download and install the MT4 stock platform on your computer.

After downloading MT4 stock platform, you will need to log into your stocks practice account that you registered with your stocks broker. Register a practice stocks account. Once you log into your demo stocks account the MT4 stock platform will look like the screen shot examples illustrated & described below.

Explanation

Toolbars - MT4 toolbars are used to setup the stocks tools within the MT4 stock platform

Market watch – Show stocks price quotes, stocks quotes of stocks instruments

Data Window - Shows Stocks Account Data

Charts panel - Shows stocks charts

Charts Tabs - Shows open stocks charts in tabs

Terminal - Shows Summary of stocks account balance and open trades

Connection - Shows if the trading platform software is connected to the broker or not

Exchange Rates - Shows stocks chart prices in the form of a graph and also the current stocks price on a stocks chart.

Now that as a beginner trader you know what each window of the stocks platform represents, let’s look at the charts toolbar that is mostly used when trading with the MT4 stock platform.

On the charts Navigation Menu there are various Tabs

Menu Bar

File - Open an account, Log into account

View – choose toolbars to view

Insert - Insert stocks tools such as stocks trend lines and other stocks chart indicators

Chart – Change Stock Chart settings

Tools - Change MT4 stock platform settings

Window Panel - View a stocks chart window for any stocks instrument or for a different chart timeframe

Help - Topics which explain the documentation of the MT4 stock platform

Tool Bars

Toolbars are used for quick access to MT4 stocks tools. Each toolbar has a name that represents the types of stocks tools for that toolbar. As a trader you'll have to explore by clicking these button keys to learn what each stocks tool is used for. Generally, hovering the mouse pointer over a button will name what the button does.

You can also learn how to customize each tool bar on the stocks platform from the Learn Stock for Beginners

MetaTrader 4 Stocks Platform Tutorial.