Best Online Oil Trading Software

The best oil trading trusted trading platform software is the MT4 Oil Trading software. This oil platform is one of the most common oil platform that is used almost by every Oil trader as well as almost every online broker.

In this learn MetaTrader 4 crude oil trading platform tutorial we shall explain the MetaTrader 4 Interface so that beginner traders wanting to begin learning this Oil Trading charting software, can then begin from this course.

Best Online Oil Software - MetaTrader 4 Workspace - Oil Trading Platforms

From the above screen-shot of the this oil trading platform MT4 trading software there are several toolbars as well as chart window.

You can download this online oil trading platform from your broker's website. Now after you download oil trading platform, then you will need to learn one or two things about this oil trading platform:

The first thing is how to install this oil trading software after you download. For example if you download the MT4 crude oil trading platform, you will need to go to a broker first, register for a crude oil practice trading account then after you register for a oil trading demo crude oil trading account you will be provided with a link where to download MetaTrader 4 crude oil software.

Now once you download this oil trading platform, assuming you do not know much about computers, Open your Web Browser >>> Go to tools at the top left corner of your web browser next to "file", "edit", "view" and click on tools, choose download folder location, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download popup will pop-up with links to downloaded items. Select the software that you have just downloaded.

Installing MT4 Crude Oil Trading Platform

To install this software after you have downloaded, open the download from where you downloaded, from there an setup wizard appears & all you have to do is to follow the setup instructions. After setup the platform will run automatically just like any other software. Read tutorial How to install MT4 crude oil software.

You can open the MT4 crude oil trading platform from the start menu>>> Programs or from desktop shortcut that appears as a desktop icon marked MT4 after installation.

Demo Crude Oil Account Opening & Log-in

To open an account in MT4 just click on "file" & then on open an account, to log in to an account just click on "file" at the top right corner & click login from the drop down menu that pops up.

Once yousign in to the oil trading 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 crude oil market while connected to your oil broker's servers.

Oil Trading Platform Menu Bar & Tool-bars

Menu Bar in MT4 For Navigating within the Software

Menu bar is used to operate & navigate this oil platform from one single panel. From this panel you can set how to view toolbars, chart, data window and even use the file tab to open a crude oil trading account - & also login to your oil trading platform account.

Form the menu bar you can click on view tab and choose tool-bars like in the above pictured screenshot, these menu bars can be used to set up platform oil charts, indicators, time frames, & others things like drawing oil trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this oil trading platform software navigate to this MT4 Oil Trading Platform Lesson Section.

Now that we have looked at the tool-bar & menu bar, we shall look at the main work-space interface of the MT4 crude oil software.

Best Online Oil Trading Software

Market Watch window panel - This window panel is used to show a stream of the exchange rates that is obtained from your oil broker. In this market watch window you can right click anywhere on this panel to choose show all trading instruments or hide the ones you're not interested in & save some band-width at the same time. No need to have prices for 50 trading instruments if you are only interested 4 oil trading instruments.

Data Window Panel - Used to setup Indicators, Expert Advisors & scripts, you can click any of this menu sub items & expand/collapse the indicators or Expert Advisors used for automated trading.

Charts Panel - This is where the crude oil price moves will be drawn.

Charts Tab - Navigation from one instrument to another is easy, just flip through the charts tab as shown above.

Terminal - This window panel is used to display a statement of your trades, profits and loses that you have made in your live crude oil trading account or demo crude oil trading account. To enlarge this window panel and view the open trades, just hover mouse on the terminal window toolbar until cursor changes, click and hold down the mouse button key and then move cursor upwards.

Connection bars - These are used to explain the connection to the internet, red bars mean no internet connectivity, green bars illustrate there is internet connection.

Exchange Rates Graph - this shows the exchange rates for oil that you are trading in order to explain if the exchange rate is going upwards or downward.

Advantages of MT4 Crude Oil Trading Platform

In the online oil market there are many oil trading platforms available around the internet. But among the top oil trading platforms best oil software is the MT4 crude oil trading platform, it is the best Oil Trading 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 & might be limited to office buildings. This is why it's best to select a oil platform that requires the minimum band width, the MT4 crude oil trading platform. Even with the best connection, sometimes the connection might not be available & you may need to use an alternative connection like the dial up or modem. MT4 crude oil software is the least expensive if you are on a modem. To even reduce further the inter-net band width usage go to market watch (Short-cut press CTRL+M), Right-Click on any trading instrument, Select "Hide all", now the oil trading platform will only stream the crude oil price quotes for the pairs you only need and conserve your bandwidth even further. Especially when using a mobile phone or i Pad or a Tablet where you are paying for phone credit this can save your credit. This is one of the reason why the MT4 crude oil trading platform is considered as one of the best oil platforms online.

The easier it's to connect the easier it is open and close trades on time.

Provided by all Brokers

Another reason why this Oil software is considered as one of the best oil trading platform is because MT4 is liked by most traders all brokers provide it. Once as an learns the MT4 crude oil trading software there's no need to re-learn when you switch to another crude oil broker. You can still use the same MT4 of the new oil broker without the need to learn a new oil trading software all over again.

Easy Technical Analysis

The other thing that makes this the best oil software is the ease with which you can set up the technical analysis technical indicators on the oil trading charts. Even those using various web traders will do their technical analysis in the MT4 platform and then place their oil orders on their web trader.

Technical traders can also setup custom technical indicators on this software, making it easier to add more technical analysis tools onto this oil software. Others also install automated Expert-Advisors on this oil trading platform so as to trade automatically with these programs known as automated EA Oil Robots.

Best Charts

The MetaTrader 4 has the best oil trading platform charts representations available & implements many chart timeframes from which a can choose.

Simplicity

Overall the simplicity of this oil trading platform software and the fact that any investor can learn how to use MetaTrader 4 crude oil platform within one hour makes this the best trading software for new & experienced crude oil traders.

According to oil trading platform reviews of the top oil trading platforms MetaTrader 4 is the best crude oil platform - Oil Platforms MT4 Oil Trading Platforms. Therefore, oil traders looking for what is the best oil software can begin trading with the MT4 Oil Trading software - Oil Platforms - as it is the best oil trading platform software and it is very easy to learn.