The Tech What

The Tech What


How to Use MetaTrader 4: A Brief Guide for New Traders

Whether you are a veteran trader or just starting out, there is something here for you. In this article, we take you through the basics of using MetaTrader 4 to help guide your trading career.

If you are looking to start trading and don’t know where to begin, then this is the article for you. You see, unlike other trading platforms that offer a variety of different ways to trade, MetaTrader (MT4) is very similar across most everything.

This makes it an excellent starting point for new traders who are not sure where to begin. If you are a veteran trader and just want to find the most basic indicators and rules of trade without all the complication and jargon, check out our beginner’s guide right here:

MetaTrader 4 is a trading platform developed by E*TRADE, Inc. It is the latest version of the trading platform that was first released in 2004. It is one of the most popular trading platforms currently and has been around for almost as long as financial markets have been around.

The platform is designed to allow users to trade stocks, bonds, commodities, Forex currencies and other assets. It is very similar across most types of assets and even the most basic indicators and rules of trade are the same across most assets.

This makes it an excellent platform to get your feet wet in the markets and get you ready for more advanced trading platforms.

How to Use It to Your Advantage

When you first log in to the software, you will notice that it is very similar to other trading platforms. As you navigate your way around the platform, you will notice that most of the information is organized around topics.

This is what makes the platform so user-friendly. As a new trader, you will learn a lot by actually using the platform. This guide will help new traders to use it. So, without further ado, let’s get started!

What Are the Different Types of Indicators in MT4?

As we mentioned above, this software is very similar across most everything. This means that if you are new to the platform, you will not feel lost when you first log in.

In fact, the backend of the platform is very user-friendly and everything is very simple to understand. This flexibility and simplicity of use is what make MT4 such a great trading platform for new traders.

However, do keep in mind that the more advanced you get in the markets, the more important it is to understand the inner workings of the platform.

How to Set Up a Chart in MT4

First, let’s start with the basics. You will notice that on the top left-hand side of the platform, there is a gear icon. This will take you to the dashboard where you can see a list of all your trades and charts that are currently running on the platform.

You can click on any of these charts to get more information about it and the markets that created it. From here, you will also be able to set up your charts.

There are many different options for setting up your charts such as the color and image that you want to display on your charts, the timeframe you want to display your charts, and the region where you want to display your charts.

Now that you know what to expect from MT4, it is time to get started trading. This guide has shown you what to expect from the platform and how to use it best.

Now it is up to you to learn how to use this software to its full potential and become a successful trader. That’s it. We hope that this guide to using MT4 for newbies helped you get a better understanding of the platform and how it works. Now it is time to get trading!