What is the MT4 Platform?
What is MT4?
The MetaTrader 4 platform, better known as MT4, is one of the most popular platforms for online trading. It is a straight forward, easy to use platform which provides tools to make a trader’s life much easier. These tools include real-time charts which you can trade directly from, a variety of automated trading techniques, as well as placing and managing trades.
For the purpose of this tutorial, we will only be showing you how to place an order on MT4.
How to Install MT4?
If you have a few minutes to spare, then that is how long it will take to install the MT4 platform. You can either choose to directly download it from the MT4 website (www.metatrader4.com) by following easy to follow step by step instructions or through your forex broker.
Getting Started
Once you have successfully installed MT4, we highly recommend you start demo trading prior to opening a real account with real money. It will give you an opportunity to get used to the platform and which trading techniques you are most comfortable with using ‘fake money’ until you are ready to start using your own.
How to Place Orders?
Follow the steps below by clicking on the fields found on your platform to place an order successfully on MT4:
To place a new order, click on “New Order” on the toolbar at the top of the MT4 terminal main screen:
A pop up screen will appear with the order box. On the “Type” field, you will be able to choose one of 2 drop down options, Pending Order or Market Execution:
Pending Order:
What is the MT4 Platform?
Buy Limit = buy lower than market price Sell Limit = sell higher than market price Buy Stop = buy higher than market price Sell Stop = sell lower than market price
After choosing your pending order option, you will then be able to fill in the remaining fields where you can enter your price limits:
Stop Loss = the price at which you wish to exit the trade to limit your loss Take Profit = the price at which you wish to exit the trade and lock in profit Comment = any comments you wish to add regarding your trade (optional) At Price = the price at which you wish to enter the market
What is the MT4 Platform?
Finally, click on “Place Order” to place your pending order.Market Execution:
What is the MT4 Platform?
How to Close Your Position?
Simply double click on your trade at the bottom of the MT4 terminal main screen:
A pop up screen will appear with the order.
Click on the yellow tab to close your position. Then you will be able to see if you have made a profit or a loss on the trade.
What is the MT4 Platform?
Disclaimer & Risk Warning
Disclaimer: This material is considered as a marketing communication and does not contain and should not be
construed as containing investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Ads Securities does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on a recommendation, forecast or other information supplied from any employee of Ads Securities , third party, or otherwise. This material has not been prepared in accordance with legal requirements promoting the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research. All expressions of opinion are subject to change without notice. This communication must not be reproduced or further distributed without prior permission of Ads Securities .
Risk Warning: CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all your
invested capital. Therefore, CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.
Contact Details
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