Download and install the trading terminal.
At this time, there is practically no debate among traders about which terminal is better; in fact, everyone gives their preference to MetaTrader 4.
The only alternative may be specialized terminals for automatic trading or working with binary options.
But if you are just starting to learn trading, you shouldn’t reinvent the wheel, but simply download the MetaTrader 4 terminal from your broker’s website.
Why from your broker’s website?
- The terminal does not require additional settings.
- Work statistics will be immediately available on the Forex broker’s website.
- All the necessary scripts that you download will do.
Trading platforms are provided completely free of charge, downloading and installation are carried out according to the standard procedure.
• Download the program file.
• Start the installation.
• Specify the installation location, usually drive “C” - “Program Files”.
After installation, launch the MetaTrader 4 and proceed to setting up accounts.
First you are asked to open a demo account, you can skip this step and do it later, but it is better to open it right away.
To do this, you just need to enter any data in the registration window:
• Full name - any, it can be fictitious.
• Address - also does not matter, but you need to fill it out.
• Phone and email.
• Account type - here the account currency in which you will make transactions is determined; it is better to choose USD, this is the best time-tested option.
• Leverage - set the same as you plan to use in real trading. How to determine the size is described in the article “ How to choose leverage ”.
• Deposit - don’t get carried away here, really assess your financial capabilities, set the amount with which you plan to trade on a real account.
Click next and complete the opening process following the prompts.
After this, you can already try your hand at trading on a demo account, but first you need to set up a trading terminal for yourself. We will discuss how to do this in the next article.