How Stock Market Trading Platform Works?

Advanced Software - How Do You Analyze The Stock Market With Stock Trading Platform?

The following image below shows the main MT4 platform inter-face. As a beginner stock trader trying to learn how to execute stock orders in the online stock currency market, the main tool for trading the stock market is the MetaTrader 4 software software. This MT4 platform is the software which you will connect to your stocks trading broker with and execute stock trade transactions and monitor your stock account balance from this MetaTrader 4 software.

The Stock MetaTrader 4 platform software is provided for free through the various Stock broker web sites. This MT4 stock software looks like the examples below:

Main Areas of this MT4 stocks software as illustrated above are:

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

For this MetaTrader 4 tutorial we shall look at a brief introduction for each of these learn stock MetaTrader 4 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 which can be used to navigate the MetaTrader 4 stock software. As a beginner stock trader you can start by just clicking any of these MT4 navigation menus to familiarize yourself with various MT4 buttons that are arranged as MT4 sub menus within these MT4 navigation menus.

These MT4 navigation menus will be discussed and covered in details in the next MT4 guides about navigation menus.

2. Tool-Bars

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

These MetaTrader 4 tool-bars will be discussed on other MetaTrader 4 tutorials which will outline each MetaTrader 4 button key on this MT4 toolbar and how to add and customize these MetaTrader 4 toolbars.

3. Chart Panel

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

4. Navigator

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

A trader can select which MT4 account to login by expanding the Accounts menu, choose an MT4 indicator by expanding the MT4 indicator menu or choose an MT4 Expert Advisor by expanding the Expert Advisor menu.

5. Market Watch

MT4 Market watch is used to show streaming currency quotes for MetaTrader 4 currency pairs. This can list as many quotes provided by your MT4 Stock broker or a few chosen by a trader. To save internet band width, right click inside the MT4 market watch window and select "Hide All", so as to hide the currencies that you are not transacting on this MetaTrader 4 platform and save on inter-net bandwidth.

6. Terminal

This is MT4 window panel that's like the bank account trade area for your MetaTrader 4 currency trade transactions, on this MT4 window you can view your account balance, profit and losses statement, equity, margin used also retrieve a copy of all your MetaTrader 4 stock trade transactions history.

This MT4 window panel will also list all open stock trade transactions and calculate all the profit & loss in realtime as a stock currencies move up or down.

7. Connection Bar

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

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

Why Stocks Software is Required for Placing Currency Transactions with Stock Brokers

Stock platform is software that is used to access the currency market and analyze these currencies using stock charts and stocks technical analysis tools. There are various reasons why a trader requires to use a good stocks platform. A good stocks platform can determine if a as a trader you make a profit or not.

So why does a trader need a good Stock Trading Platform:

To connect to the Stock Broker Trading Server:

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

To analyze stock charts & currencies using stock technical analysis tools

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

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

• Connection - connection to the broker servers
• Charts - price graphs that display stock prices
• Toolbars - toolbars to add tools & technical analysis indicators on stock trading charts
• Market Watch - for displaying available instruments on MT4 software
• Data window - provides MetaTrader 4 stock account information and other stock technical indicator data
• Exchange rates - shows current market price of a currency pair
• Menu bar - Shows all menu items in the MetaTrader 4 software