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