Platform Installation - Software Lesson

Platform MT4 (MT4)

The Online market, being one of the more liquid financial market means that online traders can enter the market at anytime that they want and place their trades.

Decreased requirements to trade the market, high speed internet & the advancements in communication technology are all responsible for having propelled this market to where it is today. These changes took the market from being limited to big financial institutions & multinational firms to the point which ordinary traders can now trade & partake in the biggest financial market in the globe through Online Trade networks or what is referred to as the inter-bank market.

Because of the new clientele, online brokerage firms began improving their services and accessibility. Different platforms suited for various different types of traders have been built so that to meet the needs of the new market. With accessible platforms & software that's constantly being improved, brokers are finding that popularity of market is rapidly growing.

Many Online Brokers feature Micro trading accounts. These accounts allow their clients to register and open a account with a minimum margin of $5 dollars.

If you're interested in signing up a trading account, first thing that you will need is a PC Desktop computer with a highspeed internet connection. Highspeed internet connection is important for an effective trade to work. You need for your trade orders to be processed quickly.

Next, you'll need to select a brokerage company, the company should provide you with a software to use. The software is simply a software program that is essential to connect to the market. You download it to your Desktop computer & use it.

It's important that you select a platform that you're comfortable using.

• It must provide real-time data that's accurate and up-to-date.
• It must be secure, and stable.
• It should have charting tools to perform trading analysis
• It should also have a feature which will allow you to store your trade positions history
• You should be able to execute orders with ease
• Easy to learn with

With all the features, you can really improve the way you trade in market and also minimize the risk of losing money.

Consider opening a demo trade account, which is a demo trading account. This will allow you as a trader to try the platform & market without risking any real funds. By practicing with demo trading account, you allow yourself time to decide if this is actually the program which you'd like to use when trading the market.

Brokers

STP stands for Straight Through Processing Network. With an STP you'll be directly linked to the inter-bank network through the Straight Through Processing(STP) Network.

Meta Trader 4

Trading Softwares List

Most traders will in general favor using an STP Broker because it's much easier to place transactions on STP execution

Traders that participate in Gold are traders who want to earn a profit by buying currencies which are appreciating in value & selling the ones that are depreciating. To trade online, one needs to open a xauusd account with a broker and deposit money to facilitate online transactions.

Brokers offer online trade platform softwares which are designed to stream real time quotes to their clients (speculators) so that the traders can instantly execute transactions.

Once one selects a broker, they then download their software, install it on a computer with an internet connection. Then open an account and sign-in to the software to receive realtime quotes of currencies. This streaming date is graphically drawn on a grid forming what's referred to as the charts. The trader can then open trade positions via this software provided. Brokers also offer Free Demo Accounts which are free practice accounts that beginner traders can practice trading with.

Trades can't be made directly on the online market, & can only be set through an online broker, connected to the internetwork of other banks, this is the network of the big banks which are used to facilitate exchange trading.

The most favored XAUUSD Trading software is known as MetaTrader 4 Platform Software (or MetaTrader 4), Meta Trader 4 is very easy to learn and has some of the best charts & this Meta Quotes Meta Trader 4 charting software comes with Technical Indicators for technical analysis of charts.

Many Traders agree that the best platform online is the MT4 platform. When doing xauusd software comparison many online traders compare other platforms as full of bugs, with a poorly designed user interface that is hard to use and navigate with, and sub-standard trading analysis tools to choose from.

Most Brokers have even switched to MetaTrader 4 software after facing pressure from their clients to implement this online software. Some brokers opting to offer a choice between, their own software and also MetaTrader 4, among other trading platformsplatforms like Currenex.

MetaTrader 4 Platform Software

The MetaTrader 4 is a software for trading the online financial markets. The Meta Trader 4 has versions for both platform softwares for PC computers & softwares for phone apps. MetaTrader 4 is a tool used by traders to gain access to the market, analyze price charts and place orders through to their brokers using MT4 software. The MetaTrader 4 is owned by online broker from where you can download it for free from their site.

Key features of the Meta Trader 4 Software

• Extremely Fast Order Execution.
• Real Time summary of client's order, trading equity, floating profit & loss
• Chart based Click Transaction via MT4.
• Market Analysis Tools and Analysis Tools - indicators
• Automated programming language and Expert Advisors (EA).
• Daily Trading Account Statement Sent to Clients Email
• Complete trading analysis package, with wide range of built in indicators and charting tools.
• Multilingual user work space - English, Arabic, German, Spanish, French, Chinese, Russian

These features make MT4 the most favored software.

As a trader you can download MetaTrader 4 & practice trading with these tools on demo trade account.

MetaTrader 4 Mobile Platform Software Edition

Trading on your mobile allows you to manage your account from your portable phone device, whether it is your smart-phone or your Pocket PC. Mobile apps offer a convenient method to keep a tab on your trading account when you don't have access to your desktop PC. From your mobile phone app you can follow market movements, analyze the movements and adjust your trade orders from tour phone. With phone you can access financial market from anywhere.

MetaTrader 4 Mobile Trading Platform

• Full features for management of trading accounts.
• Accessible from any location worldwide
• charts
• 30 indicators - MT4 indicators
• Support all types of orders
• Financial market news
• VGA mode support.

MT4 Mobile (Smartphone Edition)

• Full features for management of trading accounts.
• Accessible from any location worldwide
• Trading charts
• Indicators - MT4 indicators
• Supports all types of orders.
• Financial market news

The MetaTrader 4 Mobile platform - Smartphone Edition is the mobile trader for smart phones operating under the MS Windows Mobile.

Study More Lessons:

• Bullish Gold Candlesticks vs Bearish Gold Candlesticks
• How to Trade Gold Hidden Divergence
• How Much is 1 Standard Gold Lot in Gold?
• How Do You Trade Gold Chart Price Movement?
• Morning Star Bearish Candles Pattern
• How to Place Accelerator Oscillator on Gold Chart in MT4 Platform
• How Do You Trade and Login to MT4 Trading Software?
• Gold Trend-line Breakout Strategies
• How to Choose a Good Regulated Gold Broker
• How to Start Practice Gold with Gold Practice Account