Introduction to MT4 Software Interface

The following screenshot below shows the main MetaTrader 4 xagusd software inter-face. As a beginner silver trader trying to learn how to execute silver orders in the online silver market, the main tool for trading the xagusd trading market is the MT4 xagusd trading platform software. This MT4 xagusd trading platform is software that you'll connect to your silver broker with and execute silver trade transactions & monitor your silver trading account balance from this MT4 xagusd trading platform.

The XAGUSD MT4 xagusd trading platform software is provided for free through the various xagusd trading broker websites. This MT4 silver platform looks like xagusd trading example explained and shown below:

The Main Areas of this MetaTrader 4 xagusd software as illustrated above are:

1. MetaTrader 4 Navigation Menus
2. Toolbars
3. MetaTrader 4 Silver Trading Chart Window
4. MT4 Navigator Window
5. MT4 Market Watch Window
6. MetaTrader 4 Terminal
7. MT4 Connection Bars

For this MT4 tutorial we shall look at a brief introduction for each of these learn MT4 xagusd trading platform:

1. Navigation Menus

The MetaTrader 4 navigation menus are:

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

These are the main MT4 navigation menus that can be used to navigate the MT4 silver trading software. As a beginner silver trader you can start by clicking any of these MT4 navigation menus to familiarize yourself with various MT4 buttons that are arranged as MetaTrader 4 submenus within these MT4 navigation menus.

These MetaTrader 4 navigation menus will be described & covered in details in the next MetaTrader 4 guides about navigation menus.

2. Toolbars

The MT4 tool bars are used to manipulate MT4 silver charts, either by placing MT4 indicators, MT4 line studies, change MT4 silver chart time frames and load MT4 template from a list of saved MT4 templates.

These MT4 toolbars will be discussed on other MT4 guides that will outline each MT4 button key on this MetaTrader 4 toolbar & how to add & customize these MT4 toolbars.

3. Chart Window Panel

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

4. Navigator

MetaTrader 4 Navigator will contain information about MetaTrader 4 trading accounts, whether practice or real, this MT4 window will also have a list of all the MT4 technical indicators as well as MT4 Silver Expert Advisors & scripts.

A trader can select which MT4 xagusd trading account to login by expanding the Accounts menu, choose an MT4 indicator by expanding the MT4 indicator menu or choose an MT4 Silver Expert Advisor by expanding the Expert Advisor menu.

5. Market Watch

MetaTrader 4 Market watch is used to show streaming xagusd trading price quotes for MT4 silver trading instruments. This can list as many quotes provided by your MT4 silver broker or a few selected by a silver trader. To save internet band width, right click inside the MT4 market watch window and select "Hide All", so as to hide the MT4 symbols that you are not transacting on this MT4 xagusd trading platform & save on internet band width.

6. Terminal

This is the MetaTrader 4 window that is like the bank account trade area for your MetaTrader 4 silver trade transactions, on this MT4 window you can view your account balance, profit and losses statement, equity, margin used also retrieve a copy of all your MT4 silver trade transactions history.

This MT4 window panel will also list all open silver trade transactions & calculate all the profit and loss in real-time as the silver charts move up or down.

7. Connection Bar

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

These MT4 xagusd platform main areas form the MetaTrader 4 xagusd trading platform interface & will be the main areas to be covered in detail in next learn MetaTrader 4 guides. For now it is best to download MT4 xagusd trading platform software & familiarize yourself with MT4 platform interface.

Why XAGUSD Software is Required for Placing XAGUSD Trading Transactions with XAGUSD Trading Brokers

Silver trading software is the software that is used to access the xagusd trading market & analyze these xagusd trading price movements using xagusd trading charts & silver technical analysis tools. There are various reasons why a trader requires to use a good silver platform. A good silver trading platform can determine if a as a trader you make a profit or not.

So why does a trader need a good XAGUSD Trading Software:

To connect to the Silver Broker Trading Server:

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

To analyze silver charts using xagusd technical analysis tools

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

From the above silver platform interface, summary of all data required by a trader is provided on this MT4 xagusd platform interface

• Connection - connection to the broker servers
• Charts - price graphs that display xagusd prices
• Tool bars - toolbars to add tools & technical analysis indicators on silver charts
• Market Watch - for displaying available instruments on MT4 platform
• Data window - provides MT4 silver trading account data & other technical indicator data
• Exchange rates - shows current market xagusd trading price on a xagusd chart
• Menu bar - Shows all menu items on the MT4 platform