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LEARN METATRADER 4
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Metatrader | MT4 | Metatrader 4 |
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For download Metatrader, installing and starting MT4 refer
to our Metatrader 4 download
section
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Watch video below to learn MT4 very basics |
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| MT4 Trading Videos: 1.
Aggressive trader
2. Quick Forex
Money 3.
Scalping as the Dow Jones open |
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| 4. Trailing Stop in
MT4 5. Quick
Mind Change 6.
The Power of Hedging
7. Boo-Trailing
Stop |
| 8. 10
pips on the third dip 9.
Bad Hedging
Mistake 10.
10 pips in 5 minutes scalping |
| 11. 5 pips up and
another 5 down 12.
Protection from big loss liquidation 13.
FXCM 100 million Demo |
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MT4 First Start tutorial |
| After you start MT4 for the first time, 4 charts will
appear. Simply close all 4 charts and do the following 3 simple
steps |
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| 1- In the event you do not see your currency
pair in the market watch list, right click anywhere on the
list and select SHOW ALL |
2- To make your currency appear on the chart, Right
click on your desired pair and click CHART WINDOW |
3- After your chart appears select proper zoom and time
frame. To make a new order right click anywhere on the chart
and select TRADING > New Order |
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| New order Window shown below |
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| In the symbol drop down menu, you will see your
symbol preselected, but make sure you do not touch your mouse wheel
because it selects other symbols. In the Volume drop down menu select
the desired lot size: 1.00 = 100 000 of the selected currency 0.01=
1000, or you can input any desirable lot size by hand. The SELL and
BUY buttons are clearly visible under their corresponding bid and
ask prices YOU click on SELL button if you want to profit when the
price goes down, and click on the BUY button if you want to profit
when the price goes up.
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| Any order you make will appear on the above trading
terminal window, to close an order double click on it on the above
window and the CLOSE order window shown below will appear and you
need to click the YELLOW BUTTON to close your order, and once an
order is closed you will end the open position and take its loss or
profit. The Summary Line in bold: Balance means account balance
including recent profits, but floating profit/loss not included, Equity
means same balance but after floating profit/loss included, Margin means
the amount of your deposit laid out for your open positions, FREE
MARGIN is the amount of protection against the market and the amount
of your Equity that is not used yet, and also not been consumed by
your losing positions, When you run our of FREE Margin, one or more
of your larger positions will be liquidated resulting on severe loss ! To
avoid margin calls do not use more 10% of your purchasing power and
you should be able to withstand normal market conditions, If market
is very volatile use only 5% of your Free margin. Before you run out of
Free Margin you have the options to close trades with least losses
to Free Margin, After you run out of FREE margin most losing trades
will be closed in order to Free margin in the account.
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| The profit column in the Terminal window will track
all your orders profit and losses and will show you the total,
negative numbers mean loss while positive numbers mean profit.
However this is floating and nothing is permanent until you close
orders. |
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| However if you double click on an order under S/L or
T/P columns above, you can create or modify stop loss or take profit
limits on your orders you can select the proper points as presets to
be copied to the fields by simply clicking on the Copy AS
buttons |
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| In the order window, if you select Pending order as
Type instead of instant execution the window look as shown below: |
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| Your orders from the above window will not be
executed immediately, but only when the market price meets your
condition. |
| The above simple process of ordering and closing
orders, assigning a profit limit or a stop loss to an order, or
placing a market order that executes automatically when your price
is available are the most important aspects of MT4 usage. The
trading platform is feature rich and you can even assign robots to
trade automatically while you sleep. Be sure to test robots on demo
accounts for a long time before allow live account trading. |
There is considerable exposure to
risk in any off-exchange foreign
exchange transaction, including, but
not limited to, leverage,
creditworthiness, limited regulatory
protection and market volatility
that may substantially affect the
price, or liquidity of a currency or
currency pair.
More over, the leveraged nature of
forex trading means that any market
movement will have an equally
proportional effect on your
deposited funds. This may work
against you as well as for you. The
possibility exists that you could
sustain a total loss of initial
margin funds and be required to
deposit additional funds to maintain
your position. If you fail to meet
any margin requirement, your
position may be liquidated and you
will be responsible for any
resulting losses. To manage
exposure, employ risk-reducing
strategies such as 'stop-loss' or
'limit' orders. |
