Best Online Commodity Trading Software
The best commodity trusted trading platform software is the MT4 Commodity Trading software. This commodities trading platform is one of the most common commodities platform that is used almost by every Commodities trader as well as almost every online broker.
In this learn MT4 commodities trading platform tutorial we shall explain the MT4 Interface so that beginner traders wanting to start learning this Commodity Trading charting software, can then begin from this lesson.
Best Online Commodity Software - MT4 Commodity Platform Workspace - Commodity Trading Trusted Trading Platforms
From above screenshot of the this commodity platform MT4 trading software there are several toolbars as well as chart window.
You can download this online commodities trading platform from your broker's web site. Now after you download commodity platform, then you will need to learn one or two things about this commodities trading platform:
The first thing is how to setup this commodities trading software after you download. For example if you download the MT4 commodities trading platform, you'll need to go to a broker first, register for a commodity practice trading account then after you register for a commodity demo account you will be provided with a link where to download MetaTrader 4 commodities software.
Now once you download this commodities trading software, assuming you don't know much about Desktop PC computers, Open your Browser >>> Go to tools at the top left corner of your web browser next to 'file', 'edit', 'view' and click on tools, choose download folder location, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a down-load popup will popup with links to downloaded items. Select the software that you've just downloaded.
Installing MetaTrader 4
To setup this software after you've downloaded, open the download from where you downloaded, from there an setup wizard pops up and all you have to do is to follow the setup instructions. After setup the platform will run automatically just like any other software. Read tutorial How to install MT4 commodities software.
You can open the MT4 commodities platform from the begin menu>>> Programs or from the desktop shortcut that pops up as a desktop icon marked MetaTrader 4 after setup.
Demo Commodity Trading Account Opening and Log-in
To open an account in MT4 just click on 'file' & then on open an account, to login to an account just click on 'file' at the top right corner & click login from the drop-down menu that pops up.
Once yousign in to the commodities trading software you will get access to charts & other technical analysis tools such as technical indicators that you will then use to place trades within the commodity market while connected to your commodities trading broker's servers.
Commodity Trading Platform Menu Bars & Tool-Bars
Menu Bar on MT4 For Navigating within the Software
Menu bar is used to operate and navigate this commodities platform from one single panel. From this panel you can set how to view toolbars, chart, data window & even use the file tab to open a commodities trading account - & also sign in to your commodity platform account.
Form the menu bar you can click on view tab and choose toolbars like in the above pictured screenshot, these menu bars can be used to set up commodities trading platform commodity charts, indicators, time frames, & others things like drawing commodity trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this commodity platform software navigate to this MT4 Commodity Platform Lesson Section.
Now that we have looked at the tool-bar and menu bar, we shall look at the main work-space interface of the MT4 commodities software.
Best Online Commodity Trading Software
Market Watch window panel - This window is used to show a stream of the exchange rates that's obtained from your commodities trading broker. In this market watch window panel you can right click anywhere on this panel to choose show all commodity instruments or hide the ones you're not interested in & save some bandwidth at the same time. No need to have commodities trading prices for 50 commodity instruments if you are only interested 4 commodity instruments.
Data Window - Used to setup Indicators, Expert Advisors & scripts, you can click on any of this menu sub items and expand/collapse the indicators or Expert Advisors used for automated trading.
Charts Panel - This is where the commodities trading price moves will be drawn.
Charts Tab - Navigation from one commodity instrument to another is easy, just flip through the charts tab as illustrated above.
Terminal - This window is used to display a statement of your trades, profits and loses that you have made in your live commodities trading account or demo commodities trading account. To enlarge this window panel and view open trades, just hover the mouse on the terminal window toolbar until the cursor pointer changes, click and hold down mouse button key and then move cursor pointer upwards.
Connection bars - These are used to show the connection to the net, red bars mean no internet connectivity, green bars show there's internet connectivity.
Exchange Rates Graph - this shows the exchange rates for the commodity instruments that you're trading so as to show if the exchange rate is going upward or downwards.
Advantages of MT4 Commodity Trading Platform
In the online commodity market there are many commodities trading platforms available around the internet. But among the top commodities trading platforms best commodities software is the MT4 commodities trading platform, it is the best Commodity Trading 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 Optic internet connection: furthermore, these are not freely available to some residential areas & might be limited to office buildings. This is why it's best to select a commodities platform which requires the minimum bandwidth, MetaTrader 4 commodities trading platform. Even with the best connection, sometimes the connection may not be available and you may need to use an alternative connection like the dial up or modem. MT4 commodities software is the least expensive if you are on a modem. To even reduce further the inter-net band width usage go to market watch (Shortcut press CTRL+M), Right-Click on any commodity instrument, Select 'Hide all', now the commodities trading platform will only stream the commodities trading price quotes for the pairs you only need and conserve your bandwidth even further. Especially when using a mobile phone or i Pad or a Tablet where you are paying for phone credit this can save your credit. This is one of the reason why the MT4 commodities trading platform is considered as one of the best commodities platforms online.
The easier it is to connect the easier it is open & close trades on time.
Provided by all Brokers
Another reason why this Commodity Trading software is considered as one of the best commodities trading platform is because MT4 is liked by most traders all brokers provide it. Once as an investor learns the MT4 commodities trading platform there's no need to re-learn when you switch to another commodities broker. You can still use the same MT4 of the new commodity broker without the need to learn a new commodities trading software all over again.
Easy Technical Analysis
The other thing that makes this the best commodities software is the ease with which you can set up the technical analysis technical indicators on the commodities charts. Even those using various web traders will do their technical analysis in MT4 platform and then place their commodity orders on their web trader.
Technical traders can also install custom technical indicators on this software, making it easier to add more technical analysis tools onto this commodities software. Others also install automated Expert-Advisors on this commodities trading platform so as to trade automatically with these programs known as automated EA Commodity Robots.
Best Charts
The MT4 has the best commodities trading platform charts representations available & implements many chart time frames from which a investor can choose.
Simplicity
Overall the simplicity of this commodity platform software and the fact that any investor can learn how to use MT4 commodities trading platform within one hour makes this the best software for new and experienced commodities traders.
According to commodities trading platform reviews of the top commodities trading platforms MT4 is the best commodities platform - Commodity Trading Trusted Platforms MT4 Commodities Trading Platforms. Therefore, commodity traders looking for what is the best commodities software can begin trading with the MT4 Commodity Trading software - Commodity Trading Trusted Trading Platforms - as it is the best commodities trading platform software & it's very easy to learn.
