Metatrader 4 for dummies
What is Metatrader 4?
With a proven forex broker, it's possible to earn good money. How to do this will help special
educational literature and guidance on the correct use of Metatrader 4 for dummies. A trading
platform on which transactions of sale and purchase of currency with a clear interface are carried
out helps to visually assess the state of the market. The popular terminal Metatrader 4 is very
popular among beginners and professional traders around the world. It's free, easy to download,
register and use. After installing and running the program, you will be able to thoroughly explore
all the tabs, windows and graphics. If you have any questions, please contact the personal
manager of the company in which you have opened a training or real account.
Description and possibilities
At first glance, everything may seem complicated, but Metatrader 4 for dummies is very
simple. It takes some time to practice on the demo version and you will quickly learn how to
successfully trade. What features does the terminal provide?
- Availability of technical indicators, robots.
- Ability to download your own purchased advisers.
- Various ways of displaying charts in (bars, Japanese candles, lines).
- Decrease, increase in scale.
- Variety of time intervals, from minute to day time.
- Various additional tools, Fibonacci lines, trend lines, channels and more.
At the bottom of the terminal, you can select the News tab and see the important events of the
current day. You can find out the calendar of the economic calendar from other information
sources. This is very useful for work, which will help to know all the significant events and not
get caught in a strong market movement.
How to work on the Metatrader 4 platform
In real time, you have the opportunity to observe the quotes of various currency pairs, as they
change. This will affect the decision to open the order. In the drop-down box you choose buy,
sell, lot or volume, immediate or delayed execution of the order. And also you can immediately
set the profit margin and allowable loss of the deposit in the form of Stop Loss, Take Profit. This
is very important for the risk management to save money on the balance sheet. You can always
change these values manually.
You can trade with any of the assets: currencies, futures, crypto-currencies, indices, oil, CFD
stocks, gold and other metals. Switch to any selected schedule with just one click. Each trader
selects for himself his own tactic of trade, in which he will feel comfortable. In addition to the
technical side of using Metatrader 4 for dummies, there is still a psychological moment. It is
advisable to get training before starting work, to test your strategies in practice. And also to
accumulate the experience of a stable psyche, not to give way to panic and excitement.