Best Online Stock Trading Platform - MetaTrader 4 Stocks Trading Platform
The Best Online Stock Trading Platform is the MetaTrader 4 Stocks trading software. This is one of the most common stocks trading platform that is used almost by every trader as well as almost every online stocks trading broker.
In this tutorial we shall explain the MetaTrader 4 Interface so that beginners wanting to start learning this Best Online Stock Trading Platform, can then start from this tutorial.
Best Online Stock Trading Platform - MetaTrader 4 Workspace
Form the above screenshot of the this trading software there are several toolbars as well as chart windows.
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 demo practice account then after you register for a demo account you will be provided with a link where to download the MetaTrader 4 Platform.
Now once you download this trading platform, assuming you do not know much about computers, Open your Browser >> Go to tools at the top left corner of your browser next to "file", "edit", "view" click on tools, select download folder location, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download popup 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 have downloaded, launch the download from where you downloaded, from there an installation 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 and this is another reason why this platform is the Best Online Stock Trading Platform.
You can open the MT4 from the start menu>> Programs or from the desktop shortcut that appears as a desktop icon marked MT4 after installation.
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 login from the drop down menu that appears.
Once youlogin to the MT4 platform you will get access to charts and 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 MetaTrader 4 for Navigating within the Software - Best forex trading platform
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 toolbars, chart, data windows and even use the file tab to open a stocks trading account - and also login to your account. This menu bar makes this platform easy to operate and this is also why this is the Best Online Stock Trading Platform for beginner traders.
Form the menu bar you can click on the view tab and select chart toolbars like in the above pictured screenshot, these menu bars can be used to set up charts, indicators, time frames, and others things like drawing trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this software navigate to this MetaTrader 4 Tutorial Section.
Now that we have looked at the toolbar and menu bar, we shall look at the main workspace interface of the MT4 platform.
Best Online Stock Trading Platform - MetaTrader 4 Online Stock Trading Platform
Market Watch window - This window is used to show a stream of the exchange rates that is obtained from your currency broker. In this market watch window you can right click anywhere on this window to select 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 platform easy to use with any internet connection another reason why this is the 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 shown above.
Terminal Window - This window is used to display a statement of your trades, profits and loses that you have made in your live trading account or demo trading account. To enlarge this window and view open trades, just hover the mouse on the terminal tool bar until the cursor changes, click and hold down mouse button and then move cursor upwards.
Connection bars - These are used to show the connection to the internet, red bars mean no internet connection, green bars show there is internet connection.
Exchange Rates Graph - this shows the exchange rates for the currency pairs that you are trading so as to show if the exchange rate is going up or down.
