Learn How to Use MetaTrader 4 Platform Lesson

How Do I Use MetaTrader 4 Learn Trading Platform Tutorial Guide?

To start trading with the MT4 software, you need to follow the steps listed below:

Download MT4 Platform

Setup MT4 Platform on Your PC. Open a account in MT4 platform. Log in to MT4 Account with your account sign in details Open Charts and place Trades using MetaTrader 4 Platform.

Trading Open a MetaTrader 4 Account

After you Download Meta Trader 4 Platform from your broker you will then need to open a MT4 Account to trade with.

Trading Open a Demo Account using MetaTrader 4 Platform

1. Download Meta Trader 4 Platform - MetaTrader 4 Platform.
2. Install MT4 Platform.
3. Open Meta Trader 4 Platform.
4. Enter the Log in Details: Account Name & Password for the Demo Trade Account
5. Open Charts & begin practice trading.
6. If you do not have a demo account you can sign-up for a Demo Practice Account trade account using File menu, Click New Demo Account Registration and enter your details and sign up for an MetaTrader 4 trading account.

Trading Open a Real Trading Account on MetaTrader 4

1. Download Meta Trader 4 Platform
2. Setup Meta Trader 4 Platform on your PC Computer.
3. Open MT4 Platform on your PC Computer.
4. Click on the File Menu and Choose Open an Account.
5. Choose The Real Trading Account Option.
6. Fill in the real gold trading account opening form.
7. Enter you account sign in credentials for the Demo practice account.
8. Trade from the free Meta Trader 4 charts provided.

Trading Start Trading in MT4

The following screenshot below shows the main MT4 software interface. As a beginner trying to learn how to execute orders in the online market, the main tool for trading the online market is the MT4 platform software. This is the software which you will connect to your online broker and execute trade transactions & monitor your account balance from this MT4 software software.

The Meta Trader 4 trading software is provided for free through the various XAUUSD broker websites. This MT4 trading software looks like the example illustrated & explained below:

How to Use Meta Trader 4 Software

Main Areas of this MetaTrader 4 platform as illustrated above are:

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

For this MetaTrader 4 guide we shall look at a brief introduction for each of these how to use MT4 tutorials:

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 navigation menus which can be used to navigate the MT4 platform. As a beginner you can start by just clicking on any of these navigation menus to familiarize yourself with various buttons that are arranged as sub-menus within these navigation menus.

These navigation menus will be described in details in the next MT4 tutorial for beginners about navigation menus.

2. Tool-Bars

This how to trade in Meta Trader 4 explains the toolbars are used to manipulate charts, either by placing indicators, line studies, change chart time frames and load an MetaTrader 4 template from a list of saved templates.

These MT4 tool bars will be discussed on other how to use MT4 tutorials which will outline each button on this tool bar and how to add and customize these toolbars.

3. Chart Window Panel

This is the main area where charts are displayed and a trader can interpret the market trend direction of a chart whether up or down, place MetaTrader 4 indicators on MT4 charts for technical analysis & even place orders from these charts.

4. Navigator

Navigator MetaTrader 4 tutorial will contain information about accounts, whether practice Meta Trader 4 trading account or real MetaTrader 4 trading account, this window will also have list of all the MetaTrader 4 indicators as well as Expert-Advisors & scripts.

A trader can select which account to login to by expanding the Accounts menu, choose an indicator by expanding the indicator menu or choose an EA by expanding the Expert-Advisor menu.

5. Market Watch

Market watch xauusd MetaTrader 4 guide - Market watch window panel is used to show realtime quotes for instruments. This window can list as many quotes provided by your broker or a few that are selected by a trader. To save inter-net band-width, rightclick inside the market watch window and select "Hide All", so as to hide the instruments that you're not trading and save on inter-net bandwidth.

6. Terminal

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

This will also list all open trade transactions & calculate all the profit & loss in realtime as a price move up or down.

7. Connection Bar

Red bars are for no connectivity, green bars show that there's connectivity to the servers & trade orders can be set. These connection bars should always be green when one is logged into their MetaTrader 4 practice account or Meta Trader 4 live account.

These main areas form the MT4 Platform interface & will be the main areas to be covered in detail in the next learn Meta Trader 4 trading software guides. For now it is best to download MT4 platform & familiarize yourself with the software interface.

Why Software is Required for Placing XAUUSD Quote Trade trades with Brokers

platform is software that's used to access the market & analyze price movement using technical analysis charts. There are various reasons why one requires to use a good platform. A good software can determine if a as a trader you make profit or not.

So why does a trader need a good Software:

To connect to the Trading Server:

To place order one needs to use a software which will connect to the servers of their broker & allow them to open & close trade orders. Good gold trading platforms will connect with ease to the brokers' servers & allow traders to place orders at any time from computer.

To analyze charts using technical analysis

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

Interpret & Use MT4 Learn Platform Tutorial Guide?

From above Meta Trader 4 platform inter-face, the summary of all information required by a trader is provided on this MetaTrader 4 platform inter-face

• Connection - connection to the broker servers
• Charts - price graphs which show prices
• Tool bars - toolbars to add technical analysis tools & technical analysis technical indicators
• Market Watch - for displaying available trading instruments
• Data window - provides account data & other indicator data
• Exchange rates - shows current market price of a trading instrument
• Menu bar - Shows all menu items on the platforms

How Do I Use MetaTrader 4 Platform Tutorial Guide - Account MT4 Download

How to Use Meta Trader 4 Platform - Learn Meta Trader 4 Trading Guides - the MT4 Software Setup Guide