Best Forex Trading Platform iPad - MetaTrader 4 Platform
Platforms for iPad - the Best Forex Trading Platform iPad is the MT4 platform. This is Forex Trading Platforms for iPad of the most common Forex platform that's used almost by every other trader as well as almost every online forex broker.
In this guide we shall explain the MT4 Interface so that beginners wanting to begin learning this Best Forex Trading Platform iPad, can then start from this learn MT4 tutorial.
Best Forex Trading Software iPad - MT4 Workspace
Form the above screen shot of the this software there are several tool-bars as well as chart window.
You can download this Best Forex Trading Platform iPad from your broker's website. Now after you download it, then you will need to learn one or two things about this Forex platform:
The first thing is how to install this Forex trading software after you download. For example if you download the MetaTrader 4 platform, you will need to go to a Forex broker first, register for a practice trading account then after you sign up for a demo account you will be provided with a link where to download the MT4 Platform.
Now once you download this Forex trading platform, assuming you do not know much about PC Desktop computers, Open your Browser >>> Go to tools on left top corner of your browser next to the "file", "edit", "view" menus click on tools, choose download folder location, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download pop-up will appear with links to downloaded items. Select the MT4 software that you have just downloaded.
Installing MetaTrader 4 - Best Forex Trading Platform iPad
To install this software after you've downloaded, launch the download from where you downloaded, from there an setup wizard appears and all you have to do is to follow the installation instructions. After installation the platform will run automatically just like any other software. Read tutorial How to install MT4 platform. This platform is easy to install & this is another reason why this trading platform is the Best Forex Trading Platform iPad.
You can open MetaTrader 4 from the begin menu>>> Programs or from desktop shortcut that pops up as a desktop icon marked MT4 after setup.
Demo Forex Account Opening & Sign in
To open an account on MT4 just click on "file" and then on open an account, to login 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 MT4 platform you'll get access to charts & other technical analysis tools such as technical indicators that you will then use to place trades within the market while connected to your Forex broker's servers.
Platform Menu Bar and Toolbars
Menu Bar in MetaTrader 4 for Navigating within the Software - Best forex trading software
Menu bar is used to operate and navigate this Forex platform from one single panel. From this panel you can set how to view toolbars, chart, data windows and even use the file tab to open a forex account - & also sign in to your account. This menu bar makes this platform easy to operate & this is also why this is Best Forex Trading Platform iPad 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 forex trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this software navigate to this MT4 Forex Tutorial Section.
Now that we have looked at the tool-bar and menu bar, we shall look at the main work-space interface of the MetaTrader 4 software.
Best Online Software - MT4 Trading Platform iPad
Market Watch window - This window is used to show a stream of the exchange rates that's obtained from your currency broker. In this market watch window you can right click anywhere on this panel to choose show all currency pairs or hide the ones you are not interested in and save some bandwidth at the same time. No need to have prices for 50 currency pairs if you are only interested 4 currency pairs. This make this trading platform easy to use with any inter net connection another reason why this is Best Forex Trading Platform iPad.
Data Window - Used to setup Technical Indicators, Expert Advisors and scripts, you can click on any of this menu sub items and expand/collapse the indicators or Expert Advisors used for automated forex trading.
Forex Charts Panel - This is where the currency price moves will be plotted.
Forex Charts Tab - Navigation from one currency pair to another is easy, just flip through the charts tab as illustrated above.
Terminal Window - This panel is used to display a statement of your trades, profits & loses that you have made in your live Forex trading account or demo Forex trading account. To enlarge this window panel and view open trades, just hover the mouse on terminal tool bar until the cursor pointer changes, click and hold down mouse button and then move cursor pointer upward.
Connection bars - These are used to show the connection to the internet, red bars mean no internet connectivity, green bars explain there is internet connection.
Exchange Rates Graph - this shows the exchange rates for the currency pairs that you're trading so that to display if the exchange rate is going upwards or downwards.
Advantages of MetaTrader 4 - Why MT4 is The Best Forex Trading Platform iPad
In the online forex market there are many Forex trading softwares available around the internet. But among the top Forex trading softwares the Best Trading Platform iPad is the MT4 Platform, it is the best Forex 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 Forex platform that requires the minimum band width, the MT4 platform. Even with the best connection, sometimes the connection may not be available & you may need to use an alternative connection like the dial up or modem. MT4 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 press CTRL+M), Right Click on any currency, Select "Hide all", now the platform will only stream the currencies quotes for the pairs you only need and conserve your inter net band-width even further. Especially when using a mobile phone or i Pad or a Tablet where you are paying for phone credit doing this can save your internet date credit. This is one of the reason why the MetaTrader 4 is considered as one of the Best Forex Trading Platform iPads online.
The easier it is to connect the easier it is open & close trades on time.
Provided by all Brokers
Another reason why this Forex software is considered as one of the Best Trading Platform iPad is because MT4 is liked by most traders all brokers provide it. Once as a learns the MetaTrader 4 platform there is no need to re-learn when you switch to another Forex trading broker. You can still use the same MT4 platform of the new Forex broker without the need to learn a new forex platform all over again.
Easy Technical Analysis
Other thingwhich makes this the Best Forex Trading Platform iPad is the ease with which you can set up the technical analysis technical indicators on the currency charts. Even those using various web traders will do their technical analysis in MT4 chart and then place their orders on their web trader.
Technical analysis traders can also setup custom technical indicators on this forex trading software, making it easier to add more technical analysis tools on to this platform. Others also install automated Expert Advisors on this forex platform so as to trade automatically with these programs referred to as automated Expert-Advisor Forex Robots.
Best Forex Charts
The MetaTrader 4 has the Best Forex Trading Platform iPad charts representations available and implements many chart time frames from which a can select.
Simplicity
Overall the simplicity of this software & the fact that any investor can learn how to use MT4 within one hour makes this the Best Forex Trading Platform iPad for new and experienced currency traders.
