How to Use MetaTrader 4
MetaTrader 4, also known as MT4, is the world’s most popular trading platform. It offers excellent trading and analytical tools to implement even the most complex strategies. At FBS, we provide our clients with the MT4 platform for the best trading experience.
Forex Trading
Desktop
To install MetaTrader 4 for Windows:
- Download the MT4 installation file.
- Read and accept the License Agreement.
- Follow the on-screen instructions to complete the installation.
- Log in to your MT4 account.
Although MT4 is not designed for iMac, you can still download and install it to start trading.
Here is a quick guide on how to install MT4, set it up, and open your first trade. Let’s go!
What is MetaTrader 4
MetaTrader 4 (MT4) is a trading platform developed by MetaQuotes Software Corp in 2005. Although MT4 was specifically built for Forex trading, it can also be used to trade other assets such as stocks, indices, and commodities via CFDs.
Both beginners and professional traders trust MT4 because of its numerous benefits.
- MT4 is free to download and use.
- MT4 is safe, as all transmitted data is securely encrypted.
- MT4 is user-friendly and easy to use.
How to Use MetaTrader 4
Mobile
To install MetaTrader 4 for Android or iOS:
- Visit Google Play or App Store and search for “MetaTrader 4”.
- Click Install.
How to use MT4
When you first open the MT4 terminal, you will see a start screen consisting of six windows.
How to Use MetaTrader 4
The Main Menu is located at the very top of the screen. It is used to switch between accounts, choose the preferred MT4 language, customize the current toolbars, add indicators and objects to your charts, view the MT4 user guide, etc.
How to install a custom indicator to your MetaTrader 4 platform
The Toolbar window contains small buttons or shortcuts for the most used commands to manage the charts and technical indicators. There are four toolbars: Standard, Charts, Line Studies, and Timeframes. mt4 signals
The Charts window displays the price of the selected assets. There are four chart windows by default, but you can open up to 100 charts at the same time. You can also trade directly from the charts as well as use any indicators on drawing tools on them.
How to open a position in MT4
To open an order, click New Order on the Toolbar at the top of the screen. You will see the Order window. Now you need to set up the order the way you want using the following options.
How to open a position in MT4
The Market Watch window contains a list of the available trading instruments and their Bid and Ask prices. Ask price is the level at which the seller is ready to sell, and bid price is the level at which a buyer is ready to buy. mt4 copy trading
The Navigator window provides quick access to your Live and Demo accounts, indicators, Expert Advisors, and scripts available in the MT4.
Finally, the Terminal window allows you to work with your trade positions – open, close, and modify them. News, account history, alerts, etc. are also grouped in this window.
- Symbol: Select the instrument for which you want to open the position.
- Volume: Select the trade volume in lots (when trading Forex, 1.00 lot is equal to 100 000 units of currency).
- Stop Loss and Take Profit: Enter the level to execute a trade (once the instrument reaches this level, your trade will be closed automatically). This is optional.
- Comment: Leave a comment regarding your trade. This is optional.
- Type: Choose Instant Execution if you want to place the trade immediately at the current price. Alternatively, select Pending Order if you want to place a trade when the price reaches a certain level.
Once you’ve done with the settings, open the order in the preferred direction. If you think the price will go up, click Buy. If you expect the price will go down, click Sell. Your trade is now successfully placed! metatrader 4 signals
How to Use MetaTrader 4
Forex Trading signals systems can be either manual or automatic. Manual systems involve a trader sitting at the computer screen, looking for signals and interpreting whether to buy or sell. An automated trading system, on the other hand, requires a trader to instruct the software being used to look for certain signals and how they should be interpreted.
Metatrader 4 day trading signals are available for purchase on the web. An investor can obtain forex signals from specialized companies and top forex brokers, generally at a low cost, but mostly are not good. Somewhere between $50 to $100 for monthly rate. Forex Alerts | Trade signals can also be combined with fundamental analysis to give investors another weapon in their stock trading.
How To Create A Forex Mechanical Trading System
Trend Following Trading Strategy Guide
Forex Trading signals systems can be either manual or automatic. Manual systems involve a trader sitting at the computer screen, looking for signals and interpreting whether to buy or sell. An automated trading system, on the other hand, requires a trader to instruct the software being used to look for certain signals and how they should be interpreted.
Metatrader 4 day trading signals are available for purchase on the web. An investor can obtain forex signals from specialized companies and top forex brokers, generally at a low cost, but mostly are not good. Somewhere between $50 to $100 for monthly rate. Forex Alerts | Trade signals can also be combined with fundamental analysis to give investors another weapon in their stock trading.
How To Create A Forex Mechanical Trading System
Trend Following Trading Strategy Guide
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