Forex Trading Platforms MetaTrader 4 - MT4 Forex Trading Software
The most popular trading software is MetaTrader 4 platform. It is easy to use, chart are well presented and the software has multiple technical analysis tools for a trader to choose from. this is why the MetaTrader 4 is the best Forex trading platform.
The Forex trading platform also known as Forex trading software displays currency charts on the computer screen; the charts show the current buy and sell prices of the various currency pairs. The Forex platform helps you keep track of your funds and how the currency pair which you bought or sold is doing.
The screen shot below shows the Trading Interface of the MetaTrader 4 Platform used to plot currency trading charts, streaming currency quotes and placing trading orders with your selected online Forex broker.
MetaTrader 4 Platform Online Forex Trading Platform
MetaTrader 4 Forex Software Platform
If you are new to Forex platforms all you need to remember is that all computer software use the same coding rules, coding rules are followed by all programmers, one of the rules used is familiarity.
So in all software take for example your web browser, there is file, edit, view, history, tools and help at the top left side of your browser.
If you compare this with your Forex trading platform if you are using MetaTrader 4 commonly referred to as MT4 there is file, view, insert, charts, tools and help.
MetaTrader 4 Platform Navigation Menu
MetaTrader 4 Platform - MT4 Navigation Menu
Under file in MetaTrader 4 Platform you can open charts for the currency pair you want , you can open an account, or login to an account and so on.
- Use the "New Chart" button to open a chart
- Use the "Open an Account" button to open a practice demo account
- Use the "Login" button to login to an account
How to Open an Account in MetaTrader 4 Forex Trade Platform
Under view menu you can open the navigator to view your trading account number details plus indicators. To use the indicators just double click them and click okay. they will automatically be placed on the price chart.
Still under view you can click 'terminal' to view open trades.
To open a trade right click inside the chart, click trading select new order the you can choose to buy or sell that currency pair.
If anything else gets complicated just click on the help button and look for it in the 'Help Topics'.
Forex MetaTrader 4 trading platform can be downloaded from various broker websites
The MetaTrader 4 is so easy to learn as a beginner trader can learn the platform within minutes, this is why the MetaTrader 4 is considered as one of the best Forex trading platforms if not the best Forex platform to practice and train with.
MetaTrader 4 Forex platform trading tutorials can be found on the section: MetaTrader 4 Forex Platform Tutorial