Can I Trade Stock With Stock Trading Platform?

Stock MT5 Platform - Stock MT5 Platform

The following screen-shot below shows the main MetaTrader 4 stocks software interface. 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 MT4 stocks trading platform software. This MT4 stocks trading software is software that you'll connect to your stock trading broker with & execute stock trade transactions & monitor your stock account balance from this MetaTrader 4 platform.

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

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

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

For this MT4 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 MetaTrader 4 navigation menus will be discussed and covered in details in the next MetaTrader 4 guides about navigation menus.

2. Tool-Bars

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

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

3. Chart Panel

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

4. Navigator

MetaTrader 4 Navigator will contain information about MetaTrader 4 trading accounts, whether practice or real, this MT4 window will also have a list of all the MT4 technical indicators as well as MT4 Expert Advisors & 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 MetaTrader 4 Stock broker or a few chosen by a trader. To save inter net 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 the MetaTrader 4 window panel that's like the bank account trade area for your MT4 currency trade transactions, on this MT4 window you can view your account balance, profit & losses statement, equity, margin used also retrieve a copy of all your MT4 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 connectivity to the servers and MetaTrader 4 stock trade orders can be set. These MetaTrader 4 connection bars should always be green when one logged into their MetaTrader 4 demo account or MetaTrader 4 live account.

These MT4 platform main areas form the MetaTrader 4 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 MetaTrader 4 platform software & familiarize yourself with MT4 platform interface.

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

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

So why does a trader need a good stocks trading platform:

To connect to the Stock Broker Trading Server:

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

To analyze stock charts and currencies using stock technical analysis tools

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

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