MT4 Metals Trading Software
The best metals platform is MT4 Metals software. This is one of the most common metals platform which is used almost by every Metals trader as well as almost every online broker.
In this tutorial we shall explain the MetaTrader 4 Interface so that beginners wanting to begin learning this Metals charting software, can then start from this lesson.
Best Online Metals Platform - MetaTrader 4 Metals Software Workspace
Form the above image of the this software there are several tool-bars as well as chart window.
You can download this online metals trading platform from your broker's site. Now after you download it, then you will need to learn one or two things about this metals trading platform:
The first thing is how to install this metals trading software after you download. For example if you download the MT4, you will need to go to a broker first, register for a practice trading account then after you register for a practice metal trading account you'll be provided with a link where to download the MT4.
Now once you download this metals trading software, assuming you do not know much about PC computers, Open your Web Browser >>> Go to tools at top left corner of your 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 pop up will pop-up with links to downloaded items. Select the software that you have just downloaded.
Installing MT4 Metal Trading Platform
To install this software after you've downloaded, launch the download from where you downloaded, from there an setup wizard pops up & all you've to do is to follow the setup instructions. After set up the platform will run automatically just like any other software. Read tutorial How to install MT4 metal software.
You can open the MetaTrader 4 from the begin menu>>> Programs or from desktop short-cut that pops up as a desktop icon marked MT4 after installation.
Demo Metal Trading Account Signup & Log-in
To open an account in MT4 just click on 'file' and then on open an account, to log in to an account just click on 'file' at the top right corner and click sign in from the drop down menu that appears.
Once youlogin to the platform you'll get access to charts and other technical analysis tools such as technical indicators that you will then use to place trades within the metal market while connected to your metals broker's servers.
Metals Platform Menu Bars & Tool Bars
Menu Bar on MT4 For Navigating within the Software
Menu bar is used to operate & navigate this metals trading platform from one single panel. From this panel you can set how to view tool bars, chart, data window and even use the file tab to open a metal trading account - & also login to your account.
Form the menu bar you can click on view tab & select tool-bars like in the above pictured image, these menu bars can be used to set up charts, indicators, time frames, & others things like drawing metals trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this trading platform navigate to this MT4 Metals Trading Platform Lesson Section.
Now that we have looked at the tool-bar & menu bar, we shall look at the main work-space interface of the MT4 platform - MT4 Metals Software - MetaTrader 4 Metals Trading Platform.
Best Online Metals Software - MT4
Market Watch window - This window panel is used to show a stream of the exchange rates that is obtained from your metals trading broker. In this market watch window panel you can right click anywhere on this panel to choose show all trading financial instruments or hide the ones you're not interested in and save some bandwidth at same time. No need to have prices for 50 instruments if you are only interested in 4 trading instruments.
Data Window - Used to setup Indicators, EAs and scripts, you can click any of this menu sub items & expand/collapse the indicators or EAs used for automated trading.
Charts Panel - This is where the metals price moves will be drawn.
Charts Tab - Navigation from one trading instrument to another is easy, just flip through the charts tab as shown above.
Terminal - This window panel is used to display a sstatement of your trades, profits & loses that you have made in your live metal trading account or demo metal trading account. To enlarge this window and view the open trades, just hover mouse on the terminal window tool bar until the cursor pointer changes, click and hold down the mouse button key and then move cursor pointer upward.
Connection bars - These are used to show connection to net, red bars mean no net connection, green bars show there is internet connectivity.
Exchange Rates Graph - this shows the exchange rates for metals that you're trading so that to display if the exchange rate is going upwards or downward.
Why MT4 is Best Metal Trading Platform
In the metals market there are many metals platforms available around the internet. But among the top metals trading platforms best metals trading software is the MT4, it is the best Metals 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 and may be limited to office buildings. This is why it is best to choose a metals platform which requires the minimum bandwidth, the MT4. Even with the best connection, sometimes the connection may not be available and you may need to use an alternative connection like the dial up or modem. MT4 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 Key press CTRL+M), Right-Click on any instrument, Select 'Hide all', now the platform will only stream the metals price 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 MT4 is considered as one of the best metals softwares online.
The easier it's to connect the easier it is open and close trades on time.
Provided by all Brokers
Another reason why this Metals software is considered as one of the best metals trading platform is because MT4 is liked by most traders all trading brokers provide it. Once as an learns the MetaTrader 4 metal trading platform there is no need to re-learn when you switch to another metal trading broker. You can still use the same MetaTrader 4 of the new metals broker without need to learn a new software all over again.
Easy Technical Analysis
The other thing that makes this the best metals trading software is the ease with which you can set up the technical analysis technical indicators on the metals charts. Even those using various web traders will do their technical analysis on MT4 and then place their metals orders on their web trader.
Technical traders can also setup custom technical indicators on this software, making it easier to add more technical analysis tools onto this platform. Others also install automated EAs on this metals trading platform so as to trade automatically with these programs referred to as automated Expert Advisor Metals Bots.
Best Charts
The MetaTrader 4 has the best metals platform charts representations available & implements many chart timeframes from which a 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 platform for new & experienced metal traders.
According to metals trading platform reviews of the top metals trading platforms MetaTrader 4 is the best metals trading platform. Therefore, traders looking for what is the best metals trading software can begin trading with the MT4 Metals software as it's the best software & it is very easy to learn.
MT4 Platform - MetaTrader 4 Metals Software - MetaTrader 4 Metals Trading Platform
