How to Use MetaTrader 4 Stock Trading Platform Tutorial Course
The following MT4 Stock Trading Platform screen shot below shows Metaquotes MetaTrader 4 Stock Trading Platform. As a beginner stock trader trying to learn how to trade the stocks market - the first you will need to learn is How to Use MetaTrader 4 Stock Software - How to Trade Stocks on MT4 Software - How to Trade Stocks on MT4 Platform - How to Use MT4 Stock Trading Platform Lesson Course: Stock MetaTrader 4 Download. MT4 Stock Trading Platform is the stock trading platform software that you will use to connect to your online stock broker with & execute stock trade transactions & monitor your stock trading account balance.
The MT4 is provided for free byMT4 stock brokers. Stock Trading Tutorial MT4 Platform - This MetaTrader 4 stocks trading platform trading software looks like stocks examples illustrated & described below:
The Main Areas of this MetaTrader 4 Stock Platform as described above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator
- Market Watch
- Terminal
- Connection Bars
Stock Trading Course MetaTrader 4 Platform - How to Use MT4 Stock Trading Platform Tutorial:
1. Navigation Menus
The navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These are the main MetaTrader 4 navigation menus which can be used to navigate the MT4 stocks trading platform.
These navigation menus will be discussed in details in the next How to Use MT4 Stock Platform Lesson about navigation menus.
2. Tool-Bars
The MT4 tool bars are used to place stock trading tools on stock charts, stocks traders can place indicators on MT4 stock charts, place line studies on MT4 stock charts, change stocks chart timeframes and load a saved MetaTrader 4 template from a list of saved templates.
These MetaTrader 4 tool bars will be discussed on other How to Use MT4 Stock Trading Platform Tutorials that will outline each button on each MetaTrader 4 tool bar and explain how to add and customize these tool bars on the MT4 platform.
3. Chart Panel
This is the main MetaTrader 4 stocks trading platform area where stocks charts are displayed & a trader can analyze the stock trend direction of a stock chart whether up or down, place stock indicators for technical analysis & even place orders from these stock charts.
4. Navigator
Navigator panel will contain information about stocks trading accounts, whether practice stock trading account or real account, this window will also have list of all the MetaTrader 4 stock technical technical indicators as well as EAs & scripts.
A trader can select which stocks account to log in by expanding the Accounts menu, choose an technical indicator by expanding the indicator menu or chose an EA by expanding the EA menu.
5. Market Watch
Market watch is used to show streaming stocks quotes for stock. This Market Watch window can list as many stocks quotes provided by your stock broker or a few chosen by a stock trader.
6. Terminal
This is the panel that's like the stock trading account transaction area for your stock trade transactions, on this window panel you can view your balance, profit & losses statement, equity, margin used also retrieve a copy of all your stock trade transactions history.
This will also list all open stock trading transactions and calculate all the profit and loss in realtime as a stock prices move upwards or downward.
7. Connection Bar
Red bars are for no connection, green bars show that there is connectivity to the servers & stock trade orders can be placed. These connectivity bars should always be green when a trader is logged into their practice stock trading account or live stocks trading account.
These main areas form the MT4 interface and will be the main areas to be covered in detail in the next How to Use MT4 Stock Trading Platform Tutorial. For now it is best to download MT4 stocks trading platform and familiarize yourself with the MT4 stocks platform interface.
Why Stocks Platform is Required for Placing Stocks Trade Transactions with Brokers
Stock platform is software that's used to access the stocks market & analyze these stocks price movements using technical analysis stock indicators & tools. There are various reasons why one requires to use a good stock trading platform. A good stock trading software can determine if a as a trader you make profit or not.
So why does a trader need a good platform:
To connect to the Trading Server:
To place a stock order a trader needs to use a stock software that will connect to the trading servers of their stocks broker & allow them to open & close trading orders. Good stock platforms will connect with ease to the brokers' servers and allow stocks traders to place stock trade orders at any time from their desktop PC computer.
To analyze stock charts using technical analysis technical indicators
To open buy or sell order a trader needs to first interpret the direction of stock. This is why all good stock platforms provide stocks trading analysis tools such as stocks price charts, stock indicators & various different chart time-frames from which one-can analyze stocks price moves using the stocks chart timeframes of their choice.
From the above MT4 Stock Platform inter-face, the summary of all information required by a trader is provided on this MT4 Stock Trading Platform interface
- Connection - connection to the broker servers
- Charts - price graphs that display stock prices
- Tool-bars - tool-bars to add stock tools & stocks trading analysis indicators
- Market Watch - for displaying available financial instruments
- Data window panel - provides stock account information and other technical indicator data
- Exchange rates - shows current market stock trading price
- Menu bar - Shows all menu items on the MT4 Platform
