How to Trade Forex on MetaTrader 4 - MetaTrader 4 Software
MetaTrader 4 Forex trading platform is the software you install on your computer. For this learn forex trading course we shall refer to the MT4 or MetaTrader 4, because it is the easiest forex platform software to learn with & the most widely used.
MT4 also requires very little inter net band width, that way even if you don't have a super fast inter net connection you can use MT4 without any problem. You will need to register first with a broker before you can download MT4 platform.
How to Trade Forex in MT4 Software - MT4 Software
How to Trade Forex in MT4 Software - Learn to Trade Online Forex Market With MT4 Software
- Demo Account - How to Trade Forex in MT4 Software
MetaTrader 4 practice trading account is a free practice account provided for beginner traders online forex traders, otherwise known as a practice account that you practice with, the cash on a practice account is virtual, not real money. No one uses real money to begin with, all beginner traders use the practice account to practice with before investing real money to trade with. MetaTrader 4 forex demo account is meant to provide free Forex training practice while they learn how to trade the online forex market.
You'll need to signup & register with an online forex broker before you can get this free practice account. After you signup and register you will then receive sign in details for your MetaTrader 4 practice account. You will then use these forex account sign in credentials to login to your forex MT4 demo account & begin practicing with.
Setting Up MT4 Platform - How to Trade Forex in MetaTrader 4 Software
After you have gotten the MT4 forex account details you will then install the MetaTrader 4 software on your PC computer. If you have never installed any software before go to folder where you downloaded the forex MT4 platform (don't know where that is, just Press both Ctrl & J i.e. CTRL+J or (CTRL+Y) Keys on your keyboard, and your MT4 download will appear), double-click the download file and then click next, next until you finish installing.
After you have installed the MT4 trading software you will then open the platform software from the start menu of your computer. After you have opened the MT4 trading platform you will see the interface you will be working with which may seem complicated at first but it is not. The MT4 trading software tutorials will be explained under the lessons section where you will get an explanation of how to use this MT4 trading platform in just one hours time.
At 'top left corner' of MT4 trading software click on the 'File' Menu, a drop down menu appears, scroll to where you see 'Login' and click it. You will then be prompted to enter the 'username' and 'password' that you got when you registered on your broker's web site.' You are now logged into your forex MT4 platform & you are ready to begin forex trading.
After this you will see your forex account balance displayed just below the forex charts and you can now start using the MT4 to place demo trade transactions on the Forex trading market.
