Best Commodity Platform for Beginner Traders

The Best Commodity Trading Platform for Beginners is the MT4 Commodity Trading software. This is one of the most common commodities platform that is used almost by every Commodities trader as well as almost every online commodities trading broker.

In this guide we shall explain the MT4 Interface so that beginner traders wanting to begin learning this Best Commodity Platform for Beginner Traders, can then begin from this guide.

Best Commodity Trading Platform for Beginner Traders - MT4 Commodity Software Workspace

Form the above screen-shot of the this trading platform there are several toolbars as well as chart window.

You can download this Best Commodity Platform for Beginner Traders from your broker's website. Now after you download it, then you will need to learn one or two things about this commodities trading platform:

The first thing is how to setup this commodities trading software after you download. For example if you download the MT4 commodities trading platform, you'll need to go to a broker first, register for a demo trading account then after you sign up for a demo commodity account you will be provided with a link where to download MetaTrader 4 Commodities Trading Platform.

Now once you download this commodities trading software, assuming you don't know much about Desktop PC computers, Open your 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 down-load popup will popup with links to downloaded items. Select the MT4 software that you have just downloaded.

Installing MT4

To setup this software after you've downloaded, open the download from where you downloaded, from there an setup wizard pops up and 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 commodities software. This platform is easy to setup & this is another reason why this software is the Best Commodity Trading Platform for Beginner Traders.

You can open MetaTrader 4 from the begin menu>>> Programs or from the desktop shortcut that appears as a desktop icon marked MetaTrader 4 after setup.

Demo Commodities Trading Account Signup & Log-in

To open an account on MT4 just click on 'file' & then on open an account, to login 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 MT4 commodities trading platform you will get access to charts & other technical analysis tools such as technical indicators that you will then use to place trades within the commodity market while connected to your commodities trading broker's servers.

Commodity Trading Platform Menu Bars & Tool-Bars

Menu Bar in MT4 For Navigating within the Software - Best commodities software

Menu bar is used to operate and navigate this commodities platform from one single panel. From this panel you can set how to view toolbars, chart, data window & even use the file tab to open a commodities 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 Commodity Trading Platform for Beginners for beginner traders.

Form the menu bar you can click on view tab and choose chart tool-bars like in the above pictured screenshot, these menu bars can be used to set up charts, indicators, time frames, & others things like drawing commodity trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this platform go to this MT4 Commodity Guide Section.

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

Best Online Commodity Platform - MT4 Best Commodity Trading Platform for Beginner Traders

Market Watch window panel - This window is used to show a stream of the exchange rates that's obtained from your commodities trading broker. In this market watch window panel you can right click anywhere on this panel to choose show all commodity instruments or hide the ones you're not interested in & save some bandwidth at the same time. No need to have commodities trading prices for 50 commodity instruments if you are only interested in 4 commodity instruments. This make this trading software easy to use with any inter-net connection another reason why this is the Best Commodity Trading Platform for Beginner Traders.

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

Commodities Trading Charts Panel - This is where the commodities trading price moves will be drawn.

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

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

Connection bars - These are used to show the connection to the net, red bars mean no internet connectivity, green bars show there's internet connectivity.

Exchange Rates Graph - this shows the exchange rates for the commodity instruments that you're trading so as to show if the exchange rate is going upward or downwards.

Advantages of MT4 Commodities Trading Software

In commodity market there are many commodities trading platforms available around the internet. But among the top commodities platforms the Best Commodity Trading Platform for Beginners is the MT4 Commodities Trading Platform, it is the best Commodity 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 commodities platform which requires the minimum bandwidth, MetaTrader 4 commodities trading platform. Even with the best connection, sometimes the connection may not be available and you may need to use an alternative connection like the dial up or modem. MT4 commodities 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 (Shortcut press CTRL+M), Right-Click on any commodity instrument, Select 'Hide all', now the platform will only stream the commodities trading price quotes for the pairs you only need & conserve your internet bandwidth 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 inter-net date credit. This is one of the reason why MT4 is considered as one of the Best Commodity Trading Platform for Beginner Traders online.

The easier it is to connect the easier it is open & close trades on time.

Provided by all Commodity Trading Brokers

Another reason why this commodities trading software is considered as one of the Best Commodity Trading Platform for Beginners is because MT4 is liked by most traders all brokers provide it. Once as an investor learns the MT4 commodities trading platform there's no need to re-learn when you switch to another commodities broker. You can still use the same MT4 software of the new commodity broker without the need to learn a new commodity platform all over again.

Easy Technical Analysis

Other thingthat makes this the Best Commodity Trading Platform for Beginner Traders is the ease with which you can set up the technical analysis technical indicators on the commodities charts. Even those using various web traders will do their technical analysis in MT4 commodities chart & then place their commodity orders on their web trader.

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

Best Commodity Trading Charts

The MT4 has the Best Commodity Trading Platform for Beginners charts representations available and implements many chart time frames from which a investor can choose.

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 Commodity Trading Platform for Beginners for new and experienced commodities traders.