Best Trading Platform Commodity Trading
The Best Trading Platform Commodity Trading is the MT4 Commodity Trading software. This is one of the most common commodities platform which is used almost by every Commodities trader as well as almost every online commodities trading broker.
In this tutorial we shall explain the MT4 Interface so that beginner traders wanting to start learning this Best Platform Commodities, can then begin from this tutorial.
Best Trading Platform Commodity Trading - MetaTrader 4 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 Trading Platform Commodities from your broker's site. 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 will need to go to a broker first, register for a demo trading account then after you register for a practice 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 do not know much about Desktop PC computers, Open your Browser >>> Go to tools at left top corner of your web browser next to "file", "edit", "view" and click on tools, select download folder location, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download popup will popup with links to down-loaded items. Select the MT4 software that you have just downloaded.
Installing MT4
To setup 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 commodities software. This platform is easy to setup and this is another reason why this software is the Best Trading Platform Commodities.
You can open the MetaTrader 4 from the begin menu>>> Programs or from the desktop short-cut that appears as a desktop icon marked MetaTrader 4 after installation.
Demo Commodities Trading Account Registering & Login
To open an account in MetaTrader 4 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 MT4 commodities 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 commodity market while connected to your commodities trading broker's servers.
Commodity Trading Platform Menu Bars & Tool Bars
Menu Bar on MT4 For Navigating within Software - Best commodities platform
Menu bar is used to operate & navigate this commodities 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 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 Trading Platform Commodity Trading 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 trading platform go to this MT4 Commodity Tutorial Section.
Now that we have looked at the tool-bar & menu bar, we shall look at the main work-space interface of the MT4 commodities software.
Best Trading Platform Commodity Trading - MetaTrader 4 Best Trading Platform Commodities
Market Watch window panel - This window panel is used to show a stream of the exchange rates that is obtained from your commodities trading broker. In this market watch window panel you can right-click anywhere on this panel to select show all commodity financial instruments or hide the ones you are not interested in & save some bandwidth at the same time. No need to have commodities prices for 50 commodity instruments if you are only interested in 4 commodity instruments. This make this software easy to use with any internet connection another reason why this is the Best Trading Platform Commodities.
Data Window - Used to setup Technical Commodities Indicators, Expert Advisors & scripts, you can click any of this menu sub items & expand/collapse the indicators or Expert Advisors used for automated commodity.
Commodities Trading Charts Panel - This is where the commodities 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 shown 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 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 net, red bars mean no net connection, green bars illustrate there's internet connection.
Exchange Rates Graph - this shows the exchange rates for the commodity instruments that you're trading in order to show if the exchange rate is going upward or downwards.
Advantages of MT4 Commodities Trading Platform
In the commodity market there are many commodities trading platforms available around the internet. But among the top commodities softwares the Best Trading Platform Commodity Trading is the MT4 Commodity Trading Software, 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 might not be available and you may need to use an alternative connectivity like the dial up or modem. MT4 commodities trading software is the least expensive if you are on a modem. To even reduce further the inter-net bandwidth usage go to market watch (Short-cut press CTRL+M), Right-Click on any commodity instrument, Select "Hide all", now the trading platform will only stream the commodities price quotes for the pairs you only need and conserve your internet bandwidth even further. Especially when using a phone or iPad 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 MetaTrader 4 is considered as one of the Best Commodity Platform online.
The easier it's to connect the easier it is open and close trades on time.
Provided by all Commodity Trading Brokers
Another reason why this commodities trading software is considered as one of the Best Trading Platform Commodity Trading is because MT4 is liked by most traders all trading brokers provide it. Once as an investor learns the MT4 commodities trading platform there is no need to re-learn when you switch to another commodities broker. You can still use the same MetaTrader 4 software of the new commodity broker without the need to learn a new commodity platform all over again.
Easy Technical Analysis
Other thing that makes this the Best Trading Platform Commodity Trading 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 on 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 onto this software. Others also install automated Expert-Advisors on this commodities trading software so as to trade automatically with these programs referred to as automated EA Commodity Robots.
Best Commodity Trading Charts
The MT4 has the Best Trading Platform Commodity charts representations available & implements many chart time frames from which a investor can select.
Simplicity
Overall the simplicity of this software and the fact that any investor can learn how to use MT4 within one hour makes this the Best Trading Platform Commodity Trading for new and experienced commodities traders.
