Forex MetaTrader 4 Tips and Tricks

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Forex MetaTrader 4 Tips and Tricks

Learn Forex Signals on MetaTrader 4 Inside and Out

The industry standard Forex Meta Trader 4 platform has truly robust functionality, starting with basic order placement going all the way up to complex forms of system trading and trade copying. In this guide, FxPremiere analysts shares some of his tips and tricks for getting the most out of the MT4 platform.

  • How to customize the layout of the MT4 platform
  • Keyboard shortcuts that will save you time
  • How to quickly implement simple modifications to the platform
  • Creating an indicators favorite list to utilize just the indicators you
  • Building a trading checklist within MT4
  • Creating an indicator of an indicator and other forms of advanced indicator usage
  • Optimizing your cross-time frame analysis
  • Tips to help you scale in an out of positions
  • Using automated trailing stops
  • Setting alerts
  • View and export your historical trade analysis
  • How to Trade CFD’s

    Quickly Learn to Trade CFDs Like a Pro

    The CFD guide is meant for those who are brand new to trading, and would like a simple and clear introduction of how CFD trading works. The guide starts by explaining what CFDs are the mechanics of trading them via the MT4 platform. If you’re struggling with the descriptions of ThinkForex’s product offering as presented on the site, this guide may help clarify the opportunity present in trading CFDs and how one can go about participating in the capital forex market.

  • Support and Resistance Levels

    To start your education on technical analysis, let’s begin with the basics:

    1. Forex Support / Resistance

      Let’s start with the most basic concept of price action analysis and how to start plotting them.

    2. Trend Lines

      The most basic–but powerful–charting tool in the tool box.

    3. Channels Forex MetaTrader 4 Tips and Tricks

      Now that you understand trend lines, lets take it a step further into channels to see opportunities in trends.

    4. How to Trade Support / Resistance

      Time to learn how to trade the lines using two simple ideas: the Bounce and the Break!

    5. Trading Support and Resistance

      A quick recap on support and resistance zones, and how to spot potential trading opportunities with them.

      Japanese Candlesticks Forex MetaTrader 4 Tips and Tricks

      Thank you, Mr. Steve Nison, for “discovering” the art of candlesticks!

      1. What is a Japanese Candlestick?

        Japanese candlesticks in forex trading are used to describe currency price action and can be used for any time frame.

      2. Japanese Candlestick Anatomy Forex MetaTrader 4 Tips and Tricks

        Just like humans, candlesticks have different body sizes. As fx traders, it’s important to take note of what type of body a candlestick takes!

      3. Basic Japanese Candlestick Patterns

        What do spinning tops, marubozus, and dojis have in common?

      4. Single Candlestick Patterns

        What the heck is the difference between a hammer and a hanging man? Time to start learning about your basic candlestick patterns!

      5. Dual Candlestick Patterns

        They say that trouble comes in twos. Read on to find out how dual candlestick patterns may not necessarily spell double trouble for your forex account.

      6. Triple Candlestick Patterns

        In the fx market, three’s not always a crowd. Not when you’re talking about morning stars, and three inside up patterns, that is.

      7. Japanese Candlestick Cheat Sheet

        Think you’re ready to spot basic candlestick patterns with blindfolds on? If not, don’t worry! Here’s a candlestick pattern cheat sheet just for you.

      8. Summary: Japanese Candlesticks – Forex MetaTrader 4 Tips and Tricks

        Here’s a rundown of what you need to remember about Japanese candlestick patterns.

        Forex MetaTrader 4 Tips and Tricks

        Popular Chart Indicators

        Trading is like building a house–you gotta have the right tool for the job at hand. So let’s put more tools in our tool box!

        1. How to Use Bollinger Bands Forex MetaTrader 4 Tips and Tricks

          What better way to start building up your trading toolbox than by reading up on Bollinger Bands!

        2. How to Use the MACD Indicator

          The MACD is used to identify moving averages that indicate a new trend. With a MACD.all about 3 lines.

        3. How to Use Parabolic SAR

          In trading trending markets, it is equally important to identify when the trend ends. The parabolic SAR might be just what you need!

        4. How to Use the Stochastic Indicator

          What makes Stochastic one of the most favorite tools of many BabyPips.com forex trade bloggers?

        5. How to Use RSI (Relative Strength Index)

          If you find that Stochastic isn’t your cup of tea, then you might want to take a look at the good ol’ RSI.

        6. How to Use ADX (Average Directional Index)

          ADX is typically used to identify whether the market is ranging or starting a new trend. Here’s how traders usually read ADX signals:

        7. Ichimoku Kinko Hyo

          No, “Ichimoku Kinko Hyo” ain’t Japanese for “May the pips be with you,” but it can help you grab those pips nonetheless.

        8. Trading with Multiple Chart Indicators

          Now that you know how some of the most common chart indicators work, you’re ready to get down and dirty with some examples.

        9. What is the Best Technical Indicator in Forex?

          Now on to the good stuff: Just how profitable is each indicator on its own?

        10. Summary: Popular Chart Indicators

          Here’s a recap of the latest trading tools that you’ve learned that will make your momma proud!

        Fibonacci

        Now that you know about the basic Japanese candlestick patterns, why not take it to the next level and learn about the Fibonacci retracement tool?

        1. Fibonacci Trading

          No, Fibonacci is not some type of pasta. Learn all about the man behind the concept and what it actually means.

        2. How to Use Fibonacci Retracement to Enter a Forex Trade

          The first thing you should know about the Fibonacci retracement tool is that it works best when the market is trending.

        3. Fibonacci Retracements are NOT Foolproof – Forex MetaTrader 4 Tips and Tricks

          What happens when Fibonacci fails? Could it be because of your swing highs and lows, or are markets just not responding to it?

        4. How to Use Fibonacci Retracement with Support and Resistance

          In this lesson, we’ll show you how to combine the Fibonacci tool with support and resistance levels.

        5. How to Use Fibonacci Retracement with Trend Lines

          What’s another way to tilt Fibonacci levels in your favor? Combining it with trend lines, of course!

        6. How to Use Fibonacci Retracement with Japanese Candlesticks

          Check out how combining candlestick patterns with Fibonacci levels can improve your trading odds.

        7. How to Use Fibonacci Extensions to Know When to Take Profit

          Fibonacci levels aren’t only used to spot entry areas – they’re also good places to take profit!

        8. How to Use Fibonacci to Place Your Stop so You Lose Less Money

          If you can take profit at Fib levels, then you can definitely place stop losses there too!

        9. Summary: Fibonacci Trading Forex MetaTrader 4 Tips and Tricks

          Here’s a review of what exactly the Fib levels are, as well as their use in trading.

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          US Dollar Exchange Rate Forecast – What Could Save the Dollar?

          The US Dollar has dropped from grace and finished as one of the worst performing global currencies through mid-year. And yet it has several factors which should be working in its favor.

          Forex SMS Signals

          Euro Exchange Rate Forecast – Can this Rally Continue? FX Signal, Where Will the Dollar, Euro, Oil move

          Also learn what are the best forex signals that work ! Including why FxPremiere offer you the Best Forex Account available.

          Moving Averages

          Thinking of trading in a trending environment? Try using moving averages!

          1. What Are Moving Averages?

            A moving average is simply a way to smooth out price action over time. Here’s what it looks like.

          2. Simple Moving Average (SMA) Explained

            These are calculated by adding up the last “X” period’s closing prices and then dividing it by X. Confused? Don’t worry, we’ll make it crystal clear. Forex MetaTrader 4 Tips and Tricks

          3. Exponential Moving Average (EMA) Explained

            Think an SMA is too easy breezy for you? Try your hand at using EMAs!

          4. Simple vs. Exponential Moving Averages

            How does an SMA differ from an EMA? It’s pretty simple, actually.

          5. How to Use Moving Averages to Find the Trend

            One sweet way to use moving averages is to determine trends. And that’s just the beginning!

          6. How to Use Moving Average Crossovers to Enter Trades

            If MA lines cross over one another, it may signal that the trend is about to change soon.

          7. How to Use Moving Averages as Dynamic Support and Resistance Levels

            Another way to use moving averages is to use them as non-traditional support and resistance levels. Here’s how:

          8. Summary: Using Moving Averages

            You may forget your name, but you should never forget the basics of moving averages!

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