USING MT4 PLATFORM
Introduction to MetaTrader 4
What is MetaTrader4 ?
MetaTrader 4 (MT4) is simply a trading platform used by tons of traders and brokers.
Traders use it to view real-time currency prices, open or adjust orders, get technical and fundamental analysis. Meanwhile, brokers use the MT4 platform to reach a broader audience.
What’s good about the MT4 platform is that it offers boatloads of currency pairs and indicators that you can choose from.
Not only that, but its customizable charts are so newbie-friendly that any six-year-old kid can spot breakout patterns from it.
Mechanical traders can also plug in their Algorithms and custom indicators in the MT4 platform. This makes it easy for them to track trade opportunities.
The MT4 platform can’t be accessed through a website though. You have to install the platform on your computer or your phone before you can gain access to your trades and currency prices.
Navigating The Platform
Navigating the MT4 platform can be difficult to grasp so here is a tutorial on how to do the following:
Setting up and adjusting your charts
Executing your first order
Setting stop loss and take profit
Adding indicators to your chart
Adjusting indicator parameters
