Trading Software

The best trusted platform software is the MetaTrader 4 Oil software. This platform is one of the most common software that's used almost by every Oil 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 begin learning this charting software, can then start from the lesson.

Best Online Platform - MT4 Platform Workspace - Oil Trusted Platforms

From the above screen-shot of the this platform MT4 platform there are several tool bars as well as chart window panel.

You can download this online platform from your broker's website. Now after you download platform, then you will need to know one or 2 things about this software:

The first thing is how to install this software after you download. For example if you download the Meta Trader 4 software, you'll need to go to a broker first, register for a demo 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 software, guessing you don't know much about Desktop PC computers, Open your Web Browser >>> Navigate to tools at the tops left corner of your browser next to 'file', 'edit', 'view' & click on tools, select download file location, (short cut: once you open your browser click CTRL+J or CTRL+Y), a download pop-up will popup with links to down-loaded items. Choose the software that you've just downloaded.

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To install this software after you have downloaded, open the download from where you downloaded, from there an setup wizard appears & all you have to do is to follow the installation instructions. After setup the software will run automatically just like any other software. Read guide How to install Meta Trader 4 software.

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

Demo Account Signup & Log-in

To open an account in MetaTrader 4 just click on 'file' & then on open an account, to log in to an account just click on 'file' at the top right corner & click sign in from the drop down menu which pops up.

Once yousign in to the crude trading platform you will get access to charts and other technical analysis tools such as technical indicators that you will then use to place trades within the market while connected to your broker's servers.

Platform Menu Bars and Tool Bars

Menu Bar on MT4 For Navigating within Software

Menu bar is used to operate and navigate this 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 account - and also login to your platform account.

Form the menu bar you can click on view tab & choose tool-bars like in the above pictured image, these menu bars can be used to set up platform charts, indicators, time frames, and others things like drawing trend-lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this platform software navigate to this MetaTrader 4 Software Tutorial Guide Section.

Now that we have looked at the toolbar and menu bar, we shall look at the main work space interface of the Meta Trader 4 software.

Best Online Platform - MT4 Oil Software

Market Watch window - This window panel is used to show a stream of the exchange rates that is obtained from your broker. In this market watch window you can right-click anywhere on this window panel to select show all oil financial instruments or hide the ones you are not interested in and save some bandwidth at the same time. No need to have crude prices for 50 oil instruments if you are only interested 4 oil instruments.

Data Window - Used to setup Indicators, Expert-Advisors and scripts, you can click any of this menu sub items and expand/collapse the indicators or Expert-Advisors used for automated trading.

Charts Panel - This is where the price moves will be drawn.

Charts Tab - Navigation from one oil to another is easy, just flip through the charts tab as shown above.

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

Connection bars - These are used to show connection to internet, red bars means no internet connection, green bars show there is net connection.

Exchange Rates Graph - this highlights the exchange rates for the instruments that you are trading in order to show if the exchange rate is going upward or downward.

Why MT4 is Best Crude Software

In market there are many platforms available around the internet. But among the top softwares best software is MetaTrader 4 platform, 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 internet connection: furthermore, these aren't readily available to some residential areas and might be limited to office buildings. This is why it is best to select a oil software that requires the minimum band-width, MetaTrader 4 platform. Even with the best connection, sometimes the connection might not be available & you may need to use an alternative connectivity like the dial up or modem. MetaTrader 4 platform is the least expensive if you're on a modem. To even reduce further the inter-net band width usage go to market watch (Short-cut press CTRL+M), Right Click on any oil instrument, Select 'Hide all', now the platform will only stream the crude price quotes for the pairs you only need and conserve your bandwidth even further. Especially when using a phone or i Pad or a Tablet where you're paying for phone credit data this can save your data credit. This is one of the reason why the Meta Trader 4 platform is considered as one of the best platforms online.

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

Provided by all Brokers

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

Easy Technical Analysis

The other thing that makes this the best software is ease with which you can set up the technical analysis indicators on the charts. Even those using various web traders will do their technical analysis on the MetaTrader 4 platform 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 technical analysis tools onto this software. Others also install automated Expert Advisors on this crude software so as to trade automatically with these programs referred to as automated EA Bots.

Best Charts

The Meta Trader 4 has the best platform charts representations available and implements many chart time frames from which a can select.

Simplicity

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

According to software reviews of the top softwares Meta Trader 4 is the best platform - Oil Trusted Platforms MetaTrader 4 Platforms. Therefore, traders looking for what is the best platform can begin trading with the MetaTrader 4 Oil software - Oil Trusted Platforms - as it is the best platform software and it is very easy to learn.