WHAT ARE BINARY OPTIONS? GET THE LATEST REVIEWS AND WARNINGS. MetaTrader 4 aka MT4 is a trading platform that is used by millions of traders and brokers. The platform can be downloaded for free from many of the online brokers trading forex.

This article will give you a great MetaTrader 4 introduction. By the end of this tutorial you will navigate the MT4 platform like a pro.

MetaTrader 4 provides tools and resources. Traders use the MT4 platform to place and manage trades. It can be used to view currency prices in real time.

Furthermore, MetaTrader 4 offers technical and fundamental analysis and is also appropriate for automated trading. As far as the choice of currencies goes, MetaTrader4 offers an extensive selection of currency pairs. It also has a drop chart with indicators to pick from and place on your charts. Therefore, the charts are customizable. Although at first glance the MT4 platform looks complicated, it is actually very user-friendly. If you are new to trading, do not panic!

This article will take you by the hand and walk you step by step. By the end of this set of articles, you will be able to download the MetaTrader 4 platform, select your favourite currency pairs, spot breakout patterns, and track your trades. Plan Ahead — You may want to trade in a Virtual Environment before risking your capital — in which case you can open a Demo Account.

It requires download and installation to your computer, phone or tablet. Here is how to open your account. Back to my earlier comment, you should consider the virtual environment Demo Account before you plunge in with your real cash. Trading on a demo account will give you the real feel of the MT4 platform without putting your hard earned cash at risk.

MetaTrader 4 Introduction — How to Set An Order I am now assuming that you have followed through and set up your MT4 account. Therefore it is now time to start making money by learning how to use it! I understand that looking at the MetaTrader 4 Introduction platform looks more like a NASA chart.

All the windows, buttons and instruments can be a little bit daunting. However, as I explained earlier, I will be holding you literally by the hand and walking you through it!

Setting Orders of MetaTrader 4 Introduction Setting Order is a basic that you cannot do without! In this article, we are going to look at how we are going to.

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Let us go ahead and start off with the first target of setting orders in this MT4 platform explanation! This is found in the dialogue box at the top left-hand corner of your MT4 trading platform.

Once you hit the Order button you will get a new screen. Here is where you select the Order Type and Market Execution from the drop-down Menu. Next, you must enter the size of your position. Remember that in this case volume is expressed in LOT SIZES. Later on, we will explain how to limit your exposure on a trade by executing a Stop Loss or Take Profit. These are exit levels that we may modify even AFTER we have placed an order.

Your Buy Stop is important if you are planning on buying a currency pair at a price which is higher than the market price. Your Sell Stop is vital if you are planning on selling at a price lower than the market price.

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If you look down at the bottom of your MT4 platform you will find all your running trades. All the information relevant to the trades is also found here. This includes the strike price, the value of your trade, your stop losses and takes profits.

This can be either because you are happy with the profits you have gained. Otherwise, it can be because you want to limit the extent of your losses. In this MT4 platform tour and introduction, we have gone through the basics of opening an MT4 platform which can be used for all your Forex Trading requirements with any broker.

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Clients without a good knowledge of Binary Option trading should seek individual advice from an authorized source. Past performance is not a guarantee for future returns.

This website is independent of the Binary Options Brokers and the Signal Software featured on it. Before trading with any of the brokers, or using Signal software, clients should make sure that they fully understand the risks and check and ensure that the broker of their choice is licensed and regulated.

We recommend choosing an EU regulated broker if you reside within the European Union. Binary Options Companies are not regulated within the US. These Companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission CFTC , National Futures Association NFA , Securities and Exchange Commission SEC or the Financial Industry Regulatory Authority 9FINRA.

Please NOTE that any unregulated trading activity by U.

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Citizens is considered unlawful. Trade only at your own risk. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.

Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. All information on this website are for educational purposes only and are not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed.

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