Best Online Software - MT4 Software - Platform

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

In this learn MT4 platform tutorial we shall explain the MetaTrader 4 Interface so that beginner traders wanting to start learning this charting software, can then start from the lesson.

Best Online Software - MT4 Platform Workspace - Trading Platforms

From above screenshot of the this platform MT4 software there are several toolbars as well as chart window.

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

The first thing is how to setup this software after you download. For example if you download the MetaTrader 4 software, you'll need to go to a broker first, register for a practice account then after you register for a demo account you will be provided with a link where to download MetaTrader 4 software.

Now once you download this platform, assuming you don't know much about PC computers, Open your Web Browser >>> Go to tools at the top left corner of your web browser next to the 'file', 'edit', 'view' menus click on tools, choose download folder place, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download pop up window will appear with short-cut links to downloaded items. Choose the software which you have just downloaded.

Installing MT4 Software - Forex Trusted Softwares

To setup this software after you've downloaded, open the download from where you downloaded, from there an setup wizard pops up & all you have to do is to follow the setup instructions. After setup the software will run automatically just like any other software. Read tutorial How to install MetaTrader 4 software.

You can open the MT4 platform from the start menu>>> Programs or from the desktop shortcut which appears as a desktop icon marked MT4 after setup.

Demo Account Registering and Log-in

To open an account in 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 platform you will get access to charts & other technical analysis tools such as technical indicators that you will then use to place positions within the market while connected to your broker's servers.

Forex Platform Menu Bars and Tool Bars

Menu Bar in MT4 For Navigating within the Software

Menu bar is used to operate and navigate this 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 account - & also sign in to your platform account.

Form the menu bar you can click on the view tab and choose toolbars like in the above pictured screenshot, these menu bars can be used to set up platform charts, indicators, time frames, & others things like drawing trend lines and Fib retracement levels and Fib extension levels. To learn how to customize this platform software navigate to this MT4 Software Lesson Section.

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

Best Online Software - MT4 Software

Market Watch panel - This window is used to show a stream of the exchange rates that is obtained from your currency broker. In this market watch panel you can right click anywhere on this panel to choose 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 streaming prices for 50 pairs if you are only interested 4 currency pairs.

Data Window Panel - Used to setup Indicators, EAs & scripts, you can click on any of this menu sub items and expand/collapse the indicators or EAs used for automated 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 illustrated above.

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

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

Exchange Rates Graph - this portrays the exchange rates for the currency pairs that you are trading so that to display if the exchange rate is going upward or downwards.

Advantages of MT4 Software - Why MT4 is Best Platform

In online market there are many platforms available around the internet. But among the top softwares best platform is the MT4 software, it is the best 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 readily available to some residential areas & might be limited to office buildings. This is why it's best to select a platform which requires the minimum band width, the MT4 software. 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 platform is least expensive if you are on a modem. To even reduce further the internet band width usage go to market watch (Shortcut press CTRL+M), Right-Click on any currency, Select 'Hide all', now the software will only stream the currencies 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 MetaTrader 4 software is considered as one of the best platforms online.

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

Provided by all Brokers

Another reason why this software is considered as one of the best platform is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a learns the MT4 Forex platform there's no need to re-learn when you switch to another broker. You can still use the same MetaTrader 4 of the new broker without need to learn a new software all over again.

Easy Technical Analysis

The other thing that makes this the best platform is the ease with which you can set up the analysis indicators on the currency charts. Even those using various web traders will do their technical analysis on MetaTrader 4 software and then place their orders on their web trader.

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

Best Charts

The MT4 has the best platform charts representations available and implements many chart time frames from which a can choose.

Simplicity

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

According to software reviews of the top platforms MetaTrader 4 is the best platform - Forex Trusted Trading Softwares MT4 Platforms. Therefore, traders looking for what is the best platform can begin trading with the MT4 Forex software - Forex Trusted Platforms - as it is the best platform software & it's very easy to learn.