How to work in MetaTrader 4.
One of the main tasks of a trader is to choose a trading terminal, the most popular option is metatrader 4,
this particular trading platform allows you not just to trade, but to make trading professional.
From newcomers to Forex, you often hear the question - How to work in metatrader 4, the simplest option is to download the instructions for metatrader 4 .
It describes in detail and step by step all the necessary points, from the terminal design to working with advisors and indicators. But if you are tired of lengthy reading, I will try to describe the most important aspects in a few words.
You can download the trading terminal itself at the end of this article, this will allow you to test its capabilities without registering with a broker.
A new Demo account is opened on the account tab; this point is described in more detail in the instructions for the program.
After you have directly installed your trading platform, we proceed directly to getting started.
1. Opening an account - there are two options here, you can open a demo account , or enter data from a real one, which is opened directly on the dealing center .
Open a demo account - Click on the top menu – File – Open account, after which we see a window with the necessary data, it is recommended to change the deposit size to a more realistic one, so you can better adapt to real trading.
Real account - data received from the broker to access the account is entered in the Navigator - Accounts menu, select the desired account number.
After activating one of the options, on the Trade tab you will see the available balance and you can start working.
2. Opening orders - opening a new order on Forex is quite simple, to do this, just select the required trading instrument (currency pair) and press F9, after which the window for opening a new order will appear.
In it we select the following parameters:
Transaction volume – must correspond to your deposit and leverage, for example, 0.1 lot is 10,000 units of the base currency, so to open such a position you will need at least a deposit of $100 and a leverage of 1:100.
Otherwise, reduce the position size or increase the deposit (leverage). Setting stops - stop loss and take profit set parameters under which your position will be automatically closed, this is, so to speak, insurance against loss and an assistant in making a profit.
This topic is covered in detail in the relevant sections – stop loss and take profit. The order type is immediate execution, which means that the order will be opened right now, a pending order involves opening a position when certain conditions occur. The second option is described in detail in the article Placing pending orders .
Sell or Buy – select the direction of the transaction, Sell – a sell position, opens if the exchange rate of the selected currency pair falls, Buy – buy position, opens when the exchange rate rises. Choosing the direction of a transaction is a rather complex process and should be treated with due care.
Now you already know how to work in metatrader 4, or rather, how to make your first transactions, more detailed information can be obtained in the instructions for metatrader 4, the download link is at the beginning of the article.