Introduction to MT4 Software Interface

The following screenshot below shows the main MetaTrader 4 xagusd software interface. As a beginner trader trying to learn how to execute orders in the online market, the main tool for trading the market is the MT4 platform software. This MT4 platform is software that you'll connect to your broker with and execute trade transactions and monitor your account balance from this MetaTrader 4 platform.

The MT4 platform is provided for free through the various trading broker web sites. This MT4 platform looks like xagusd example explained and shown below:

The Main Areas of this MetaTrader 4 xagusd software as illustrated above are:

1. MetaTrader 4 Navigation Menus
2. Toolbars
3. MetaTrader 4 Chart Window
4. MT4 Navigator Window
5. MT4 Market Watch Window
6. MetaTrader 4 Terminal
7. MT4 Connection Bars

For this MT4 tutorial we shall look at a brief introduction for each of these learn MT4 platform:

1. Navigation Menus

The MT4 navigation menus are:

1. File
2. View
3. Insert
4. Charts
5. Tools
6. Window
7. Help

These are the main MT4 navigation menus that can be used to navigate the MT4 software. As a beginner trader you can start by clicking any of these MT4 navigation menus to familiarize yourself with various MT4 buttons that are arranged as MetaTrader 4 submenus within these MT4 navigation menus.

The MT4 navigation menus will be described & covered in details in the next MetaTrader 4 guides about navigation menus.

2. Tool-Bars

The MT4 tool bars are used to manipulate MT4 charts, either by placing MT4 indicators, MetaTrader 4 line studies, change MT4 chart time frames and load MT4 template from a list of saved MT4 templates.

These MT4 toolbars will be discussed on other MT4 guides that will outline each MT4 button key on this MetaTrader 4 toolbar & how to add & customize these MT4 toolbars.

3. Chart Window Panel

This MT4 chart window is the main area where MetaTrader 4 charts are highligthed and a trader can analyze the trend direction of a MetaTrader 4 chart whether up or down, place MT4 chart indicators for analysis and even place orders from these MT4 charts.

4. Navigator

MetaTrader 4 Navigator will contain information about MetaTrader 4 accounts, whether practice or real, this MT4 window will also have a list of all the MT4 indicators as well as MT4 Automated EAs and scripts.

One can choose which MT4 account to login by expanding the Accounts menu, choose an MT4 indicator by expanding the MT4 indicator menu or choose an MT4 Automated EA by expanding the Automated EA menu.

5. Market Watch

MetaTrader 4 Market watch is used to show streaming xagusd price quotes for MT4 instruments. This can list as many quotes provided by your MetaTrader 4 broker or a few selected by a trader. To save internet band-width, right-click inside the MT4 market watch window & choose "Hide All", so as to hide the MetaTrader 4 symbols that you are not transacting on this MetaTrader 4 platform & save on internet band width.

6. Terminal

This is the MetaTrader 4 window that is like the bank account trade area for your MetaTrader 4 trade transactions, on this MetaTrader 4 window you can view your account balance, profit & losses statement, equity, margin used also retrieve a copy of all your MetaTrader 4 trade transactions history.

This MetaTrader 4 panel will also list all open trade transactions and calculate all the profit and loss in real-time as the charts move up or down.

7. Connection Bar

MetaTrader 4 connection bars - Red bars are for no online connectivity, green bars show that there is connectivity to the servers and MT4 trade orders can be set. These MetaTrader 4 connection bars should always be green when one logged into their MT4 practice account or MT4 live account.

These MT4 platform main areas form the MetaTrader 4 platform interface & will be the main areas to be covered in detail in next learn MT4 guides. For now it's best to download MT4 platform software & familiarize yourself with MT4 platform inter-face.

Why Software is Required for Placing XAGUSD Transactions with Brokers

trading software is the software that is used to access the market & analyze these price movements using xagusd charts & analysis tools. There are various reasons why a trader requires to use a good platform. A good platform can determine if a as a trader you make a profit or not.

So why does a trader need a good Software:

To connect to the Broker Server:

To place a trade order a trader needs to use a platform which will connect to the servers of their broker and this will allow them to open and close trade orders. Good platforms will connect with ease to the online brokers' servers and allow traders to place trade orders at any time from their PC desktop computer.

To analyze charts using xagusd analysis tools

To place a buy or sell trading order one needs to first interpret the direction of silver using charts. This is why all good softwares provide technical tools such as price charts, xagusd indicators and various different chart timeframes from which trader can analyze price moves using the chart timeframes of their choice.

From the above platform inter-face, summary of all data required by a trader is provided on this MT4 platform inter-face

• Connection - connection to the online broker servers
• Charts - price graphs that illustrate prices
• Tool bars - toolbars to add tools & analysis indicators on charts
• Market Watch - for displaying available instruments on MT4 software
• Data window - provides MT4 account data & other indicator data
• Exchange rates - shows current market xagusd price on a chart
• Menu bar - Shows all menu items on the MT4 software