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