Introduction to MT4 Stock Trading Platform Interface
The following screen shot below shows the main MT4 stocks trading platform interface. As a beginner stock trader trying to learn how to execute stock orders in the online stock market, the main tool for trading the stocks trading market is the MT4 stocks trading platform software. This MetaTrader 4 stocks trading platform is the software that you will connect to your stock broker with and execute stock trade transactions and monitor your stock trading account balance from this MetaTrader 4 stocks trading platform.
The Stocks MT4 stocks trading platform software is provided for free through the various stock broker websites. This MT4 stock trading software looks like the stocks trading example explained below:
The Main Areas of this MetaTrader 4 stocks trading platform as shown above are:
- MetaTrader 4 Navigation Menus
- MetaTrader 4 Stock Trading Chart Window
- MetaTrader 4 Navigator Window
- MetaTrader 4 Market Watch Window
- MetaTrader 4 Terminal
- MetaTrader 4 Connection Bars
For this MetaTrader 4 tutorial we shall look at a brief introduction for each of these learn MT4 stocks trading platform:
1. Navigation Menus
The MetaTrader 4 navigation menus are:
These are the main MetaTrader 4 navigation menus that can be used to navigate the MT4 stock trading software. As a beginner stock trader you can start by just clicking any of these MetaTrader 4 navigation menus to familiarize yourself with the various MetaTrader 4 buttons that are arranged as MetaTrader 4 sub menus within these MetaTrader 4 navigation menus.
These MetaTrader 4 navigation menus will be discussed in details in the next MetaTrader 4 tutorials about navigation menus.
2. Tool Bars
The MetaTrader 4 tool bars are used to manipulate MetaTrader 4 stock charts, either by placing MetaTrader 4 stocks trading indicators, MetaTrader 4 line studies, change MetaTrader 4 stocks trading chart time frames and load MetaTrader 4 template from a list of saved MetaTrader 4 templates.
These MetaTrader 4 tool bars will be discussed on other MetaTrader 4 tutorials that will outline each MetaTrader 4 button on this MetaTrader 4 tool bar and how to add and customize these MetaTrader 4 tool bars.
3. Chart Window
This MetaTrader 4 stock chart window is the main area where MetaTrader 4 stocks trading charts are displayed and a stock trader can analyze the stock trend direction of a MetaTrader 4 stock chart whether up or down, place MetaTrader 4 stock chart indicators for technical analysis and even place orders from these MetaTrader 4 stock charts.
MetaTrader 4 Navigator will contain information about MetaTrader 4 trading accounts, whether demo or real, this MetaTrader 4 window will also have a list of all the MetaTrader 4 stock indicators as well as MetaTrader 4 Stock Expert Advisors and scripts.
A stock trader can select which MetaTrader 4 stocks trading account to login by expanding the Accounts menu, choose an MetaTrader 4 stock indicator by expanding the MetaTrader 4 stock indicator menu or choose an MetaTrader 4 Stock Expert Advisor by expanding the Expert Advisor menu.
5. Market Watch
MetaTrader 4 Market watch is used to show streaming stocks price quotes for MetaTrader 4 stock trading instruments. This can list as many quotes provided by your MetaTrader 4 stock broker or a few selected by a stock trader. To save internet bandwidth, right click inside the MetaTrader 4 market watch window and select “Hide All”, so as to hide the MetaTrader 4 symbols that you are not transacting on this MetaTrader 4 stocks trading platform and save on internet bandwidth.
This is the MetaTrader 4 window that is like the bank account transaction area for your MetaTrader 4 stock trade transactions, on this MetaTrader 4 window you can view your account balance, profit and losses statement, equity, margin used also retrieve a copy of all your MetaTrader 4 stock trade transactions history.
This MetaTrader 4 window will also list all open stock trade transactions and calculate all the profit and loss in real time as the stock charts move up or down.
7. Connection Bar
MetaTrader 4 connection bars - Red bars are for no connection, green bars show that there is connection to the servers and MetaTrader 4 stock trade transaction orders can be placed. These MetaTrader 4 connection bars should always be green when one logged into their MetaTrader 4 demo stock trading account or MetaTrader 4 live account.
These MetaTrader 4 stocks trading platform main areas form the MetaTrader 4 stocks trading platform interface and will be the main areas to be covered in detail in the next learn MetaTrader 4 tutorials. For now it is best to download MetaTrader 4 stocks trading platform software and familiarize yourself with the MetaTrader 4 software interface.
Why Stock Software is Required for Placing Stock Trading Transactions with Stock Brokers
stock trading platform is the software that is used to access the stocks trading market and analyze these stocks price movements using stocks trading charts and stocks trading analysis tools. There are various reasons why a stock trader requires to use a good stock trading platform. A good stock trading platform can determine if a as a stock trader you make a profit or not.
So why does a stock trader need a good stock trading platform:
To connect to the Stock Broker Trading Server:
To place a stock trade order one needs to use a stock trading platform that will connect to the trading servers of their stocks trading broker and this will allow them to open and close stock trade orders. Good stock trading platforms will connect with ease to the stock brokers' servers and allow stocks traders to place stock orders at any time from their computer.
To analyze stock charts using stocks trading analysis tools
To place a buy or sell stock trading order one needs to first analyze the direction of stock using stock charts. This is why all good stock trading platforms provide stocks trading technical tools such as stocks price charts, stock technical indicators and various different stocks trading chart time frames from which one can analyze stocks price moves using the stocks trading chart time frames of their choice.
From the above stock trading platform interface, the summary of all information required by a stock trader is provided on this MetaTrader 4 stocks trading platform interface
- Connection - connection to the stock broker servers
- Charts - stocks price graphs that display stock prices
- Toolbars - tool bars to add tools and technical analysis indicators on stock charts
- Market Watch - for displaying available financial instruments on MetaTrader 4 stocks trading platform
- Data window - provides MetaTrader 4 stock trading account information and other indicator data
- Exchange rates - shows current market stocks price on a stock chart
- Menu bar - Shows all menu items on the MetaTrader 4 stocks trading platform