Best Online Stock Software - MT4 Stocks Software
The Best Online Stock Trading Platform is the MT4 Stocks trading software. This is one of the most common stocks trading platform which is used almost by every trader as well as almost every online stocks trading broker.
In this guide we shall explain the MT4 Interface so that beginners wanting to begin learning this Best Online Stock Trading Software, can then begin from this course.
Best Online Stock Software - 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 Online Stock Trading Platform 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 trading software after you download. For example if you download the MetaTrader 4 platform, you will need to go to a stocks trading 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 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 Online Stock Trading Platform
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 Online Stock Trading Platform.
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 stocks trading Account Opening and Login
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 stocks trading broker's servers.
stocks trading Platform Menu Bar and Toolbars
Menu Bar on MT4 for Navigating within the Software - Best forex trading software
Menu bar is used to operate and navigate this stocks trading platform from one single panel. From this panel you can set how to view tool bars, chart, data window & even use the file tab to open a stocks account - & also sign in to your account. This menu bar makes this platform easy to operate & this is also why this is Best Online Stock Trading Software for beginners.
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 trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this software navigate to this MT4 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 Stock Software - MT4 Online Stock Software
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 Online Stock Trading Platform.
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.
Charts Panel - This is where the currency price moves will be plotted.
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 trading account or demo 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.
