{"id":9975,"date":"2022-10-14T07:01:39","date_gmt":"2022-10-14T07:01:39","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=9975"},"modified":"2022-10-14T07:01:39","modified_gmt":"2022-10-14T07:01:39","slug":"introduction-to-metatrader-4","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/10\/14\/introduction-to-metatrader-4\/","title":{"rendered":"Introduction to MetaTrader 4"},"content":{"rendered":"\n<p>Congratulations! If you\u2019ve made your way to this lesson, it means that you\u2019re now ready to open a demo or live\u00a0<strong>MetaTrader 4<\/strong>\u00a0(MT4) trading account.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2010\/08\/05113840\/metatrader-4-forex.png\" alt=\"MetaTrader 4\" class=\"wp-image-141154\"\/><\/figure>\n\n\n\n<p>First, you should know that&nbsp;<strong>MetaTrader 4<\/strong>&nbsp;(MT4) is simply a trading platform used by tons of traders and brokers.<\/p>\n\n\n\n<p>Traders use it to view real-time currency prices, open or adjust orders, get technical and fundamental analysis. Meanwhile, brokers use the&nbsp;<a href=\"https:\/\/www.babypips.com\/forexpedia\/mt4\" target=\"_blank\" rel=\"noreferrer noopener\">MT4 platform<\/a>&nbsp;to reach a broader audience.<\/p>\n\n\n\n<p>What\u2019s good about the MT4 platform is that it offers boatloads of currency pairs and indicators that you can choose from.<\/p>\n\n\n\n<p>Not only that, but its customizable charts are so newbie-friendly that any six-year-old kid can spot breakout patterns from it.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2010\/08\/05130242\/metatrader-4.png\" alt=\"MetaTrader 4 Screens\" class=\"wp-image-141157\"\/><\/figure>\n\n\n\n<p>Mechanical traders can also plug in their EAs in the MT4 platform. This makes it easy for them to track trade opportunities.<\/p>\n\n\n\n<p>The MT4 platform can\u2019t be accessed through a website though. You have to install the platform on your computer or your phone before you can gain access to your trades and currency prices.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Step-by-Step Instructions:<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Step 1: Set up your MT4 account<\/h3>\n\n\n\n<p>a) Download and install MT4.exe<\/p>\n\n\n\n<p>b) Carefully fill in the account details.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/junior-mt4-details2.png\" alt=\"MT4 Details\" title=\"MT4 Details\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Step 2: Record your account details<\/h3>\n\n\n\n<p>a) Record and keep a copy of your account login information before exiting the registration process.<\/p>\n\n\n\n<p>b) With&nbsp;<a href=\"https:\/\/www.babypips.com\/forexpedia\/mt4\" target=\"_blank\" rel=\"noreferrer noopener\">MT4<\/a>, you are able to create and access multiple accounts without exiting the program. Please pay attention to which account you are using before placing trades and orders.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/junior-mt4-login2.png\" alt=\"MT4 Login\" title=\"MT4 Login\"\/><\/figure>\n\n\n\n<p>As much as we\u2019d like you to go forth and make live pips, we HIGHLY ENCOURAGE you to try&nbsp;<strong>demo trading<\/strong>&nbsp;first.<\/p>\n\n\n\n<p>This way you\u2019ll get the feel of the platform without putting any of your hard-earned capital at risk.<\/p>\n\n\n\n<p>Besides, unlike in live trading, you can always add to your capital or open a new one if you blow out your account or if your demo account expires.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Congratulations! If you\u2019ve made your way to this lesson, it means that you\u2019re now ready to open a demo or live\u00a0MetaTrader 4\u00a0(MT4) trading account. First, you should know that&nbsp;MetaTrader 4&nbsp;(MT4) is simply a trading platform used by tons of traders and brokers. Traders use it to view real-time currency prices, open or adjust orders, get [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[884],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9975"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=9975"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9975\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=9975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=9975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=9975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}