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Getting Started with MetaTrader 4 Platform - Learn MetaTrader 4 Software - How to Guide for MT4

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

Introduction

File

View

Insert

Charts

Tools

Window Menu

Help Menu

Toolbars

Advanced Topics

How to Place Indicators on Charts

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

Save a Work Space in MT4, Save a Strategy Template

How to Save a Work Space, How to Save a Template - Forex Software Tutorials

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

The image below shows the user interface of MetaTrader 4.

Learn MT4 Platform Lesson - MT4 Tools & Charts

MetaTrader 4 platform Workspace

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

The MT4 platform is installed on a trader's Desktop computer and it is intended to accomplish the following:

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

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

This is a free Forex platform that is provided for by online Forex brokers. You can download the platform from online brokers sites, once you download it, you should then setup and install the platform on a Desktop computer which has an inter net connection and then connect to your broker & start receiving streaming quotes.

The MetaTrader 4 has different window 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 panel, tool-bars for attaching indicators and the main menu bar used to navigate the trading software.