The very basics of the MetaTrader 4 platform

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Metatrader 4 was created by a Russian company MetaQuotes Software for online forex trading of the CFDs and futures. Anybody can download the platform commonly known as MT4 from the company’s site for free or through a multitude of online forex brokers. It is one of the most popular trading platforms nowadays. No wonder, it offers a very wide range tools and resources letting its users to analyze price, implement a forex ea, manage trades and use a variety of automated trading techniques and place orders. This little guide will help you go through the basic functions of the Meta trader 4.

The installation is very simple and lasts a bunch of minutes, depending on the speed of your Internet connection. When you are on the MetaQuotes’ site or on the site of your forex broker, click on the download and wait for a setup window. Then you should read the license agreement and click on “Next” button to go on. Later, you must go through another window asking you whether you want to use the default setting and create a desktop shortcut and launch the program after the installation. Simply click “Next”. Then the progress window will appear. After the process is successfully completed, you have the best forex trading platform on your device. Another window will then appear. This time, the platform will ask you to open an account. You will have write down all your personal data, choose your leverage and hypothetical deposit. Unless you have a real forex trading account, you will operate on a forex demo provided by the company. After filling all the empty fields, you have to agree to receive newsletter from Metatrader. Once your account is finished, the data starts to automatically refresh and the charts begin to work.

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