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Beginner's Guide to MetaTrader 4

Apr 24, 2025

MetaTrader 4 Tutorial

Introduction

  • Quick tutorial on using MetaTrader 4 (MT4)
  • Available on Apple App Store, Google Play Store, and broker websites
  • MetaTrader 4 and 5 have similar interfaces

Downloading MetaTrader 4

  • Search for MetaTrader 4 in the app store
  • Download and open the app

Navigating the App

Home Screen

  • Displays market overview
  • Add more currencies and assets:
    • Tap the plus sign to add currencies, cryptos, and metals
    • Requires a real account to add certain assets
  • Edit or delete currencies

Chart Tab

  • Provides a deeper view of market charts
  • Timeframes: Change from M1 (1 minute) to daily, etc.
  • Perform market analysis
  • Add indicators via the 'F' option
    • Various indicators available including average directional indicator
    • Ability to delete indicators
  • Draw trend lines and other objects

Trade Tab

  • Access to execute trades
  • Types of orders:
    • Market execution
    • Buy/Sell limits
    • Buy/Sell stops
  • Instant execution recommended for quick action
  • Set stop loss and take profit levels

Trades Screen

  • Overview of active trades
  • Create new trades via plus sign
  • Manage trades: Long click to close or modify

History

  • View trade history by week, month, or custom range

Settings

  • Access news, mail, and account management
  • Create new accounts (demo or real)
  • Demo accounts:
    • MetaQuotes Demo
    • Options for leverage and deposit amount
  • Log into existing accounts to start trading

Additional Resources

  • Economic calendar
  • Settings for app customization
  • Focus on charts and trades for success

Conclusion

  • Encouragement to engage with more trading content
  • Invitation for further questions in comments