How to Use MetaTrader 4 Oil Trading Platform

How Do You Use Oil Trading MT4 Learn Oil Platform Guide?

To start oil with the MT4 platform, you need to follow the steps listed below:

Crude Oil Account MetaTrader 4 Download

Setup MetaTrader 4 Oil Trading Platform on Your PC.Open a crude trading account on the MT4 platform. Log in to the MT4 Oil Trading Account with your oil account sign in credentials Open Crude Trading Charts & place Oil Trades using the MT4 Oil Trading Platform.

Crude Oil Account MT4 Download

After you Download MetaTrader 4 Oil Trading Platform from your oil broker you will then need to open a MetaTrader 4 Oil Trading Account to trade with.

Oil Trading Open a Demo Account using MT4 Oil Trading Platform

1. Download the MetaTrader 4 Oil Software - MetaTrader 4 Oil Trading Platform.
2. Setup MT4 Oil Trading Platform.
3. Open MetaTrader 4 Oil Trading Platform.
4. Enter the Login Details: Account Name and Password for the Demo Trade Account
5. Open Crude Oil Charts & begin practice trading.
6. If you do not have a oil trading demo account you can register for a demo trade account using File menu, Click New Practice Account Registration and enter your details and sign up for an MT4 crude oil account.

Oil Open a Real Trading Account on MT4 Platform

1. Download MetaTrader 4 Oil Trading Platform
2. Setup MetaTrader 4 Oil Platform on your Computer.
3. Open MetaTrader 4 Oil Platform on your Computer.
4. Click on the File Menu & Choose Open an Account.
5. Select The Real Trading Account Option.
6. Fill in the real oil account opening form.
7. Enter you oil account log in credentials for the Demo practice account.
8. Trade Oil Trading instruments from the free MT4 oil charts provided.

MT4 Oil Trading Platform Introduction Tutorial

The following image below shows the main MT4 software interface. As a beginner trader trying to learn how to execute oil orders in the online oil market, the main tool for trading the online oil market is the MT4 software software. This is the software that you'll connect to your online crude trading broker and execute oil trade transactions and monitor your oil account balance from this oil trading MT4 platform software.

The MT4 platform is provided for free through the various Oil broker web sites. This MT4 software looks like the oil example shown below:

Learn How to Use MT4 Oil Trading Platform Guide - Learn How to Use MT4 Oil Trading Software Guide - How to Use MT4 Oil Software

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

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

For this MT4 guide we shall look at a brief introduction for each of these how to use MetaTrader 4 guides:

1. Navigation Menus

The navigation menus are:

1. File
2. View
3. Insert
4. Charts
5. Tools
6. Window
7. Help

These are main navigation menus which can be used to navigate the MT4 oil trading software. As a oil beginner trader you can begin by clicking on any of these navigation menus to familiarize yourself with various button keys that are arranged as sub menus within these navigation menus.

These navigation menus will be discussed in details in next MT4 tutorial for oil novice traders about navigation menus.

2. Tool-Bars

This how to trade on MetaTrader 4 explains the tool-bars are used to manipulate trading charts, either by placing indicators, line studies, change oil chart time frames and load an MT4 template from a list of saved templates.

These MetaTrader 4 oil trading tool bars will be discussed on other how to use MT4 oil tutorials which will outline each button on this tool bar and how to add & customize these tool bars.

3. Chart Panel

This is the main area where crude trading charts are displayed & a trader can analyze the trend direction of a oil chart whether up or down, place MT4 indicators in MT4 oil charts for technical analysis & even place orders from these crude oil charts.

4. Navigator

Navigator MT4 tutorial will contain information about oil accounts, whether practice MT4 oil account or real MT4 oil account, this window will also have a list of all the MT4 technical indicators as well as trading Expert Advisors & scripts.

A trader can select which Oil Trading account to login to by expanding the Accounts menu, choose an indicator by expanding the technical indicator menu or choose an Expert Advisor by expanding the Expert Advisor menu.

5. Market Watch

Market watch oil MT4 tutorial - Market watch is used to show streaming quotes for crude oil. This window panel can list as many quotes provided by your Oil broker or a few that are selected by a oil trader. To save internet bandwidth, right click inside the oil market watch window & choose 'Hide All', so as to hide the instruments that you are not trading & save on internet bandwidth.

6. Terminal

This is window panel that is like the bank account trade area for your oil trade transactions, on this window panel you can view your oil account balance, oil profit & losses statement, oil equity, oil margin used also retrieve a copy of all your oil transactions history.

This will also list all open oil trade transactions & calculate all the profit & loss in real-time as the oil instruments move up or down.

7. Connection Bar

Red bars are for no connectivity, green bars show that there is connectivity to the servers and oil trade orders can be set. These connection bars should always be green when one is logged into their MT4 practice oil account or MetaTrader 4 live crude oil account.

These main areas form the MetaTrader 4 Oil Trading Software interface and will be the main areas to be covered in detail in the next learn oil MetaTrader 4 software guides. For now it is best to download MetaTrader 4 platform & familiarize yourself with the software interface.

Why Oil Software is Required for Placing Oil Quote Trade trade transactions with Brokers

Oil platform is software that's used to access the oil market & analyze these oil instruments using technical analysis oil charts. There are various reasons why a trader requires to use a good oil platform. A good oil platform can determine if a as a trader you make a profit or not.

So why does a trader need a good Oil platform:

To connect to the Trading Server:

To place order a trader needs to use a oil platform which will connect to the trading servers of their broker and allow them to open and close trading orders. Good oil platforms will connect with ease to the brokers' servers and allow crude oil traders to place orders at any time from PC desktop computer.

To analyze crude trading charts and oil instruments using technical analysis

To place a buy or sell oil order one needs to first analyze the direction of crude oil. This is why all good oil platforms provide technical oil tools such as crude oil price charts, technical indicators & various different chart time frames from which a trader can analyze crude oil price moves using the chart timeframes of their choice.

How Do You Use Oil Trading MT4 Learn Oil Trading Platform Guide?

From above MT4 software inter-face, summary of all data required by a trader is provided on this MT4 software interface

• Connection - connection to the oil trading expert broker servers
• Oil Charts -price graphs that display crude oil prices
• Toolbars - toolbars to add technical analysis tools & technical analysis oil indicators
• Market Watch - for displaying available oil trading instruments
• Data window panel - provides oil account data and other oil trading indicator data
• Exchange rates - shows current market crude oil price of a oil trading instrument
• Menu bar - Shows all menu items on the platforms

How Do You Use Trading MT4 Oil Trading Software Platform Tutorial? - Oil Account MT4 Download

How to Use MetaTrader 4 Crude Oil Platform - Learn MT4 Oil Tutorials - The MT4 Oil Platform Setup Course