How to Trade Commodity Trading in MT4 Software

The following MetaTrader 4 Commodity Trading Platform screen shot below shows Metaquotes MT4 Commodity Trading Platform. As a beginner commodity trader trying to learn how to trade the commodity market - the first you will need to learn is How to Use MT4 Commodities Software - How to Trade Commodities Trading on MT4 Software - How to Trade Commodity Trading in MT4 Software - How to Use MT4 Commodities Trading Platform Lesson Course: MT4 Commodity Trading Platform Download. MT4 Commodities Trading Platform is the commodity platform software that you will use to connect to your online commodity broker with and execute commodity trade transactions & monitor your commodity account balance.

The MetaTrader 4 is provided for free byMT4 commodities trading brokers. Commodity Course MT4 Commodities Software - This MT4 commodities trading platform platform looks like commodity example illustrated and explained below:

Main Areas of this MT4 Commodity Platform as described above are:

1. Navigation Menus
2. Toolbars
3. Chart Window
4. Navigator
5. Market Watch
6. Terminal
7. Connection Bars

Commodity Trading Tutorial MT4 Commodity Software - How to Use MT4 Commodities Trading Platform Guide Tutorial:

1. Navigation Menus

The navigation menus are:

1. File
2. View
3. Insert
4. Charts
5. Tools
6. Window
7. Help

These are the main MT4 navigation menus which can be used to navigate the MT4 commodities trading platform.

These navigation menus will be discussed in details in the next How to Use MT4 Commodities Trading Platform Lesson about navigation menus.

2. Toolbars

The MT4 tool bars are used to place commodity tools on commodities charts, commodities traders can place indicators on MT4 commodity charts, place line studies in MetaTrader 4 commodity charts, change commodity chart time frames and load a saved MT4 template from a list of saved templates.

These MetaTrader 4 tool bars will be discussed on other How to Use MT4 Commodity Trading Platform Tutorials which will outline each button on each MT4 tool bar and explain how to add and customize these tool bars on the MT4 platform.

3. Chart Panel

This is the main MT4 commodities trading platform area where commodity charts are displayed & a trader can analyze the commodity trend direction of a commodity chart whether up or down, place commodity indicators for technical analysis and even place orders from these commodities charts.

4. Navigator

Navigator panel will contain information about commodity accounts, whether demo commodity account or real account, this window panel will also have a list of all the MetaTrader 4 indicators as well as trading Expert Advisors & scripts.

A trader can choose which commodity account to login by expanding the Accounts menu, choose an technical indicator by expanding the technical indicator menu or chose an Expert Advisor by expanding the Expert Advisor menu.

5. Market Watch

Market watch is used to show streaming commodity quotes for commodity instruments. This Market Watch window can list as many commodity quotes provided by your commodity broker or a few chosen by a commodity trader.

6. Terminal

This is the panel that is like the commodity account transaction area for your commodity trade transactions, on this window panel you can view your balance, profit & losses statement, equity, margin used also retrieve a copy of all your commodity trade transactions history.

This will also list all open commodity transactions and calculate all the profit and loss in realtime as a commodities prices move in an upward or downwards direction.

7. Connection Bar

Red bars are for no connectivity, green bars show that there's connectivity to the servers & commodity trade orders can be placed. These connectivity bars should always be green when a trader is logged into their practice commodity account or live commodities trading account.

These main areas form the MT4 interface and will be the main areas to be covered in detail in the next How to Use MT4 Commodity Trading Platform Tutorial. For now it is best to download MT4 commodities trading platform and familiarize yourself with the MT4 commodities software interface.

Why Commodity Platform is Required for Placing Commodity Trade Transactions with Brokers

Commodities trading software is the software which is used to access the commodity market and interpret these commodities price movements using technical analysis commodity indicators and tools. There are various reasons why one requires to use a good commodity platform. A good commodity platform can determine if a as a trader you make profit or not.

So why does a trader need a good platform:

To connect to the Trading Server:

To place a commodity order a trader needs to use a commodity platform which will connect to the trading servers of their commodity broker and allow them to open & close orders. Good commodity platforms will connect with ease to the brokers' servers and allow commodities traders to place commodities orders at any time from their PC desktop computer.

To analyze commodity charts using technical analysis technical indicators

To open buy or sell order one needs to first interpret direction of a commodity. This is why all good commodity platforms provide commodity technical analysis tools such as commodities price charts, commodity technical indicators & various different chart timeframes from which trader can analyze commodities price moves using the commodities chart time frames of their choice.

From the above MT4 Commodities Trading Platform inter-face, the summary of all data required by a trader is provided on this MT4 Commodity Trading Platform interface

• Connection - connection to the broker servers
• Charts - commodities price graphs that display commodities prices
• Tool-bars - toolbars to add commodity tools and commodity technical analysis technical indicators
• Market Watch - for displaying available financial instruments
• Data window panel - provides commodity account data and other indicator data
• Exchange rates - shows current market commodities price of a commodities trading instrument
• Menu bar - Shows all menu items on the MT4 Platform