The MetaTrader 4 platform provided by Silver Stone FX is an easy to use tool for on-line investment and financial markets analysis. At the same time, more advanced users will find many options that will support even the most sophisticated trading strategies. This section covers the key issues necessary for making the first steps with the trading platform.
It is recommended to follow this section using at the same time the demo account provided by Silver Stone FX, for practice. This will allow one to take full advantage of the material presented. In order to do this, it is necessary to download the MetaTrader 4 platform from the Open the demo account section.
The first steps with the trading platform would also be much easier, if the reader is familiar with the general principles related to the financial markets available on the MetaTrader 4, described in the Basic information on CFDs section.
The picture represents a general overview of the MetaTrader 4 platform, immediately after opening the first demo account.
The Market Watch window on the top left side of the screen shows the prices in real time mode, from all the markets available for trading on the demo account. For each of the markets the current transactional prices are shown, as well as last time it was changed and other information. All the available instruments can be displayed by clicking the right-mouse-button anywhere within the window, and then choosing option „Show all” from the context menu. In order to access some of the markets available, one will need to scroll down the window using the scroll button on the right hand side.
Charts are the graphical representation of the price, and as such take most of the workplace in the trading platform window. For investors using the technical analysis they are the basis for making the actual trading decisions. More on the analysis of charts can be found in the section devoted to technical analysis.
Chart windows can be moved and located according to user preference, as well as the colour change (right-mouse-button anywhere on the chart, then choosing Properties from the context menu and then option „Colours”) or the instrument shown (by dragging and dropping the chosen instrument name, for example EURUSD from the Market Watch window to the chart).
Toolbox window, by default at the bottom of the screen, shows the most important data related with your trading account. The current value of the funds and open positions in the account is reflected as Equity, whereas Free Margin shows the funds available for transactions or withdrawal. Any positions open will also be reflected in this window.
Menu options and icons available at the top left part of the platform window allow the analysis tools and various settings of the program to be controlled.