Best Trading Software - MetaTrader 4 Platform

MT4 Free Software - MT4 Platform - MetaTrader 4 Forex Trading PDF

The best platform is MT4 Forex software. This is one of the most common Forex platform that is used almost by every Forex trader as well as almost every online forex broker.

In this learn forex MT4 tutorial we shall explain the MetaTrader 4 Interface so that beginner traders wanting to start learning this best trading platform, can then start from this learn forex trading tutorial.

Best Trading Software - MetaTrader 4 Platform Workspace - MT4 Platform Forex Trading PDF

Form the above MetaTrader 4 Trading Platform screenshot of the this MT4 trading software there are several forex toolbars as well as forex chart windows.

You can download this best trading platform from your forex broker's site. Now after you download it, then you'll need to learn 1 or 2 things about this Forex platform:

The first thing is how to setup this Forex trading software after you download. For example if you download the MT4 platform, you'll need to go to a Forex broker first, register for a demo trading account then after you sign up for a demo account forex account you will be provided with a link where to download MetaTrader 4 Platform.

Now once you download this Forex trading platform, assuming you don't know much about PC computers, Open your Browser >>> Go to tools at the top left corner of your browser next to the 'file', 'edit', 'view' menus click on tools, select download folder place, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download popup will appear with links to downloaded items. Select the MT4 trading software that you have just downloaded.

How to Install MT4 Forex Software - Which is the Best Forex Trading Platform?

To Install MetaTrader 4 software after you have downloaded, launch the download from where you downloaded, from there an installation wizard appears and all you have to do is to follow the install MT4 forex platform instructions. After installation the MT4 trading platform will run automatically just like any other software. Read tutorial How to install MetaTrader 4 trading platform. This MT4 forex platform is easy to install and this is another reason why this platform is best trading platform.

You can open MT4 from the start menu>>> Programs or from the desktop shortcut that pops up as a desktop icon marked MT4 after set up.

Demo Forex Account Registering and Log-in

To open an account in MetaTrader 4 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 MT4 platform you will get access to forex charts and other forex technical analysis tools such as technical indicators that you will then use to analyze forex chart price moves and place forex trades within the forex market while connected to your Forex broker's servers through this trading platform.

Forex Platform Menu Bars and Tool Bars

Menu Bar in MT4 For Navigating within the Software - Best Software - MT4 Software - MT4 Forex Guide

MT4 platform Menu bar is used to operate and navigate this MT4 Forex platform from one single panel. From this panel you can set how to view MT4 toolbars, MT4 charts, MT4 data windows and even use the file tab to open a forex account - & also sign in to your forex account. This MT4 menu bar makes this trading platform easy to operate and this is also why this is the best software for beginner traders.

From the MT4 menu bar you can click on the view tab and select MT4 chart toolbars like in the above pictured screenshot, these MT4 menu bars can be used to set up MT4 charts, MT4 chart indicators, chart time frames, & others things like drawing forex trend lines in MT4 charts and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this MT4 trading software navigate to this Learn MT4 Forex Tutorial Section.

Now that we have looked at the MT4 tool bar and MT4 menu bar, we shall look at the main MT4 workspace interface of the MT4 trading platform.

Best Online Platform - MT4 Best Platform - Free MetaTrader 4 Platform

MetaTrader 4 Market Watch window - This window is used to show a stream of the exchange rates that is obtained from your forex currency broker. In this MT4 market watch window you can right click anywhere on this window to select show all MT4 currency pairs or hide the ones you are not interested in and save some bandwidth at the same time. No need to have prices for 50 currency pairs if you are only interested 4 currency pairs. This make this MT4 platform easy to use with any internet connection another reason why this is the best trading platform.

MetaTrader 4 Data Window - Used to setup MT4 Technical Indicators, MT4 Expert Advisors & scripts, you can click on of this menu sub items & expand/collapse the technical indicators or Automated Forex EAs used for automated forex trading.

MetaTrader 4 Forex Charts Panel - This is where the currency price moves will be plotted.

MetaTrader 4 Forex Charts Tab - Navigation from one currency pair to another is easy, just flip through the MT4 charts tab as shown above.

MetaTrader 4 Terminal Window - This window is used to display a statement of your trades, profits and loses that you have made in your live Forex trading account or demo Forex trading account. To enlarge this window panel & view open forex trades, just hover the mouse on the MT4 terminal tool bar until the cursor changes, click and hold down mouse button and then move cursor upwards.

MetaTrader 4 Connection bars - These MetaTrader 4 connection bars are used to show connection to internet, red bars mean no net connectivity, green bars show there's internet connectivity.

Exchange Rates Graph - MT4 Forex Charts- this shows the exchange rates for the currency pairs that you are trading so as to show if the exchange rate is going up or down - represented as a MT4 Forex Chart.

Advantages of MT4 Platform - Why MT4 is The Best Trading Platform

In the online forex market there are many Forex trading platforms available around the internet. But among the top Forex trading platforms the best platform is MT4 Platform, it is the best Forex 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 Forex trading software which requires the minimum bandwidth, the MT4 fx trading platform. Even with the best connection, sometimes the connection might not be available & you may need to use an alternative connection like the dial up or modem. MT4 platform is least expensive if you are on a modem. To even reduce further the internet band width usage go to market watch (Shortcut press CTRL+M), Right-Click on any currency, Select 'Hide all', now the MT4 forex platform will only stream the currencies quotes for the pairs you only need and conserve your internet band-width even further. Especially when using a mobile phone or Android or iPhone or iPad or a Tablet where you are paying for phone credit this can save your inter-net credit. This is one of the reason why the MT4 trading platform is considered as one of the best Forex trading softwares online.

The easier it is to connect the easier it is open & close trades on time.

Provided by all Forex Brokers

Another reason why this MT4 Forex trading software is considered as one of the best trading platform is because MT4 forex platform is liked by most traders all forex brokers provide it. Once as an investor learns the MT4 Forex trading platform there is no need to re-learn a new trading platform when you switch to another Forex broker. You can still use the same MT4 software of the new Forex broker without need to learn a new trading software all over again.

Easy Forex Technical Analysis

The other thing that makes this the best Forex platform is ease with which you can set up the forex technical analysis indicators on the currency charts. Even those using various web traders will do their forex technical analysis on the MT4 charts and then place their forex orders on their web trader platform.

Forex technical analysis traders can also setup custom indicators on this trading software, making it easier to add more forex technical analysis tools onto this MT4 software. Other traders also install automated EAs on this trading platform so as to trade automatically with these automated Expert Advisor programs known as automated Expert Advisor Forex Robots.

Best Forex Charts

The MetaTrader 4 forex platform has the best trading platform charts representations available & implements many chart time frames from which a can choose.

Simplicity

Overall the simplicity of this MT4 trading platform and fact that any investor can learn how to use MetaTrader 4 forex platform within one hour makes this the best software for new and experienced currency traders.