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Getting Started With MetaTrader 4 Forex Trading Platform - How to Learn MT4 Forex Trading Software - How to Guide for MT4

The following tutorials explain how to use the MT4 platform, each tutorial is accompanied by numerous screen shots so as to help traders to understand the concepts explained and make it easier to learn about this online Forex platform.







Window Menu

Help Menu

Tool Bars

Advanced Topics

How to Place Indicators on Charts - How to Guide for MT4

The most popular search is how to save a work space in MetaTrader 4, or how to save a system/template. Before starting the tutorial, the screen shot below shows how to save a template or a trading system and also how to save a work space. The same buttons are also used to load the template on another separate chart. (click on these buttons to get options on your MetaTrader 4 platform)

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How to Save a Work Space, How to Save a Template - Forex Platform Trading Tutorials

The MT4 is part of the online forex market. The MetaTrader 4 software is installed on a client's computer.

The screenshot below shows the user interface of the MT4.

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MT4 Forex trading platform Workspace

According to Forex trading platforms reviews, MetaTrader 4 is the most widely used Forex trading platform. This is because it is easy to learn and can do the following tasks.

The MetaTrader 4 Forex trading software is installed on a trader's computer and it is intended to do the following:

  • Plot graphical Information about exchange rates in the form of a grid/chart
  • Receive streaming exchange quotes from the Forex brokers
  • Perform transaction operations: buying and selling of currencies
  • Show the open transactions and orders within the Forex platform workspace
  • Perform technical analysis
  • Testing of strategies on practice demo accounts
  • Programming of custom indicators and Expert Advisors for the purpose of automated forex trading.
  • Provide statements of transaction history and a summary of profits/losses.

The MetaTrader 4 online Forex trading platform which is also known as MT4, is designed to provide technical tools that can be used by Forex traders to make buy or sell decisions. This forex trading platform provides online exchange quotes and streaming data about price movement plotted in the form of price charts. This information is delivered directly to the MT4 platform interface. This information that is delivered in the form of real time quotes is then analyzed using the technical tools provided for within this online trading platform.

This is a free Forex trading software that is provided for by online Forex brokers. You can download the platform from online brokers websites, once you download it, you should then install the platform on a computer that has an internet connection and then connect to your broker and start receiving streaming quotes.

The MetaTrader 4 has different windows and chart panels, each designed to deliver a different type of market information, starting with the exchange rate quotes used to plot currency graphs to the market data window, tool bars for attaching technical indicators and the main menu bar used to navigate the platform.