26/06/ · In this article, I share How to Trade FOREX Using Metatrader 4 PC, which is for free and for complete Beginners! 15/01/ · First, you need to download the trading platform. After that, follow the instructions for installing your program. If need be, click on the settings and choose the folder to save your program. Run the installation, and once it’s complete, select Finish, and your MT 4 trading platform will load automatically.4/5(1) 04/11/ · MetaTrader 4 setup is a process where users set up MT4 windows (MetaTrader panels) such as Market watch window, Navigator window, Terminal window, adjust the platform’s visual appearance, and add indicators, expert advisors, scripts, and adjust charts. Users adjust the appearance of the platform based on personal preferences. MetaTrader 4 Windows and Sections
How to Trade FOREX Using Metatrader 4 PC ( for beginners ) - Mindfully Trading
How to use forex metatrader 4 trading process how to use forex metatrader 4 evolved a lot, and new tools have made it an easy task to trade compared to the past decades.
With innovations and new technology, the inventions of trading software have become the new normal. You may be aware of the popular trading software MetaTrader 4 MT4. It is quite famous for the flexibility and simplicity of trading that it provides. Users adjust the appearance of the platform based on personal preferences. Users can navigate MetaTrader 4 using four platform sections: navigator, market watch, charts, and toolbars, how to use forex metatrader 4.
Toolbars in Metatrader are graphical control elements on which on-screen buttons and menus are placed to enable the addition of charts, how to use forex metatrader 4, indicators, advisors, and forms. You can find this option on the top of your MetaTrader 4 screen. It has different icons that you can use as shortcuts for different items. Charts in the Metatrader platform display information that can help traders decide when to enter and exit a position and analyze the trading market.
Charts cover the majority of the screen of MT4. You can analyze and view various charts here, including the current charts. Please read How to Show Bid and Ask Price on the MT4 chart.
The market watch represents a window in the MT4 platform where users can see a list of assets forex pairs, stocks, indices, commodities, etc. and their bid and ask price. You can find this option on the upper left side of the MT4 screen. It shows the markets that are available for you to explore. In addition to that, it also provides you with real-time bid and asks rates. Navigator in MT4 represents windows where users can see a list of indicators, expert advisors, and scripts and easily add them to the chart.
You can find the option of Navigator at the bottom part of your screen. From here, you can see all your accounts, expert advisors, indicators, and scripts. You would also see the terminal window and a few more tabs at the bottom part of MT4. It includes Account History, Trade, News, Mailbox, how to use forex metatrader 4, Alerts, and journals.
You can see your pending or open trades at the Trade tab, while you can see your account activities in the Account History tab. You can also generate trading activity reports from here. If you want to customize your Market Watch, here is how you can do it. You can see the Market Watch window on the screen at the top left corner, which shows markets available for you to trade with real-time bid and ask rates.
Click on that, and you would be able to see all the current price movements of your selected currencies. After that, users can close the platform and open it again. In Market watch, they will see more symbols. Users can also click on the Market Watch Window to see all the currency pair charts.
Jurs select the currency pair, choose the Chart Window, and press the New Chart Icon. For doing this, open a chart and press right-click. Just right to this tab, how to use forex metatrader 4, you can see the Common Tab. It would allow you to customize a few more features like the chart — Line chart or Candlestick chart you would like to see. The background is the MT4 chart setup option to set chart background color; The foreground is MT4 chart setup option to set the color of axes, scales, OHLC line; Grid is an MT4 chart setup option to set a chart grid color.
Bar Up is an MT4 chart setup option to set the bar up, shades, and fringing of the Bull Candle body. Bar Down is an MT4 chart setup option to set the bar down, shades, and fringing of the Bear Candle body. The bull candle is an MT4 chart setup option to set the color of the Bull Candle body. The bear candle is an MT4 chart setup option to set the color of the Bear Candle body.
The line graph is MT4 chart setup option to set line chart and doji; Volumes are an MT4 chart setup option to set volumes and levels of open positions. Ask line is an MT4 chart setup option to set the color of the Ask line. Stop levels is the MT4 chart setup option how to use forex metatrader 4 set stop orders levels Stop Loss and Take Profit. After choosing your preferred themes, you can also save them as a template.
For these, click on the Template icon from the Toolbar and tap on Save Template. You can also right-click on the chart, select Template, and Save Template. Apart from this, you can zoom in or out of the chart and can select the time frame you would like to see on the chart.
It can range from a minute to a month as well. After that, by default, all newly opened charts will look like the default template. In the Terminal folder of the Metatrader platform, there is an MQL folder, and inside that folder is the Indicator folder. You can also add Oscillators if you go to the Oscillators tab.
It would let you add MACD, RSI, and much more. Just like all the other options, changing between multiple screens is easy too. Just open a new chart in the same template that you have your current chart on. After that, go to the Market Watch window and select the market. You have to left-click and drag the same on the chart section that has your Open chart.
It will open a new chart of the market you have selected. If you want to arrange more than one chart, left click and drag them to your preferred location.
You can always minimize, change the size, how to use forex metatrader 4, or close it from the charting options available. It is very similar to minimizing or closing your web browser. MT4 provides you a lot of language options to understand the language and use the software with ease. For changing or setting up a language, go to the View from the menu. All done! You can customize or organize the tools available in the Toolbar by dragging and dropping them in their preferred series or location.
By default, there would be some tools in your Toolbar, but you can always customize them as per your needs. You can also remove the lease used tools. Right-click on the Toolbar and choose the Customize option. It will open the window, from which you can how to use forex metatrader 4 the tool you want to add; press on Insert. There is an option of Remove to remove the least used tools from the Toolbar.
The MetaTrader 4 is indeed a beneficial and easy to use trading platform, how to use forex metatrader 4. I hope this article has helped you in clearing your doubts. All the best! Home Choose a broker Brokers Rating PAMM Investment Affiliate Contact About us. Table of Contents. Author Recent Posts. Trader since Currently work for several prop trading companies. Latest posts by Fxigor see all. Capital Gains Tax Rate What is Quadruple Witching?
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How to Trade Forex Using MetaTrader 4 (MT4) Walkthrough - Beginner Friendly
, time: 18:18How to Use MetaTrader 4? - Metatrader 4 Setup - Forex Education
26/06/ · In this article, I share How to Trade FOREX Using Metatrader 4 PC, which is for free and for complete Beginners! 15/01/ · First, you need to download the trading platform. After that, follow the instructions for installing your program. If need be, click on the settings and choose the folder to save your program. Run the installation, and once it’s complete, select Finish, and your MT 4 trading platform will load automatically.4/5(1) 04/11/ · MetaTrader 4 setup is a process where users set up MT4 windows (MetaTrader panels) such as Market watch window, Navigator window, Terminal window, adjust the platform’s visual appearance, and add indicators, expert advisors, scripts, and adjust charts. Users adjust the appearance of the platform based on personal preferences. MetaTrader 4 Windows and Sections
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