What is MetaTrader 4 & How to Use It

MetaTrader 4 has become a true benchmark in online trading, being trusted by millions of traders worldwide. The MT4 trading platform, developed by MetaQuotes Software, is designed to combine simplicity with advanced functionality, which makes it accessible without any compromise on performance. Widely used across global markets, thanks to its stability and customisation options, MetaTrader 4 is packed with powerful features which allows its users to trade in their own style, whether they're just starting out or using complex trading strategies. In this article, we're going to cover what MetaTrader (MT4) is and teach you how to use it.

Metatrader 4 MT 4 is a widely used platform that allows traders to invest in the financial markets through a single interface. It provides advanced charting tools, technical indicators and automated trading features to support different trading styles.

By using MT 4's user-friendly interface, you can easily open and close positions, monitor the market movements in real time and manage risk efficiently. Moreover, the platform helps its users analyse the data accurately, which helps them make informed trading decisions across multiple instruments.

MetaTrader 4 is one of the most popular platforms in forex trading, for multiple reasons.

1. Easy to use with reliable performance
   MT4 offers a clear interface, strong platform support, and secure access through a single credential. Moreover, its powerful technology helps users focus on execution rather than technical issues.

2. Powerful market analysis
   The trading platform includes built-in technical analysis tools, which allows you to add indicators, customise charts and analyse the price action across multiple timeframes.

3. Automation and flexibility
   MT4 has a built-in feature which supports Expert Advisors (EA), enabling automated trading. This way, you can automate your trading using the algorithm to execute strategies.

Learn in the steps below how to use MetaTrader 4:

To get started, open a live account on FxPro, your to-go forex broker. Once your account has been approved, you will receive your account credentials and the access to the trading server, with full platform functionality.

The second step is to download MT4 on your desktop or mobile device, so that you can access the financial markets anytime, anywhere. The installation process is easy and quick, and once complete, you can login to your online trading account. As the MT 4 platform supports users to trade across multiple devices, it is suitable for any modern investor.

Place a trade by choosing your preferred asset (for example: index, commodity or currency pair). Open the order window and select BUY or SELL to begin. With MT4's fast execution, your trade will be placed immediately.

Track the open positions and the pending orders through the terminal window. In the case you want to modify or close your trade, all you have to do is to right-click on it. This feature allows you to protect your investment as the market conditions change.

MT4 offers built-in features that allow you to manage exposure and have disciplined trading strategies. For example, the stop loss and take profits features can be added to any position to control future risk.

MT4 includes advanced charting features with multiple chart types, timeframes and drawing tools. This way, forex traders can analyse price action in real-time and adapt layouts to suit their individual preferences.

Through the MT 4 platform, users can generate detailed reports covering the balances, margin, closed trades and performance metrics. This way, you can review your trading strategies. With fast access to these reports, you can use MT4 to cover all your trading needs.

Start trading with FxPro on Metatrader 4 and experience a powerful and flexible environment built for all trading styles. With fast execution speeds, low latency, access to ETFs and CFDs, built-in indicators, technical analysis & many more features, MT4 is your go-to platform for when you want to trade. Download and install MT4 on your device & trade on global markets using advanced tools. Beginners can practise risk-free trading with a demo account, while experienced traders can access the most advanced trading strategies. Access a wide range of instruments, including forex and CFDs, place different order types and manage your trade efficiently with a professional interface and execution, designed to support confident traders.

Is MetaTrader 4 free?
Yes, MetaTrader 4 is free to use for traders. You can download the MT4 platform at no cost and access its full core functionality without subscription fees.

Is MetaTrader 4 mobile-friendly?
Yes, it's fully mobile-friendly and works smoothly on both iOS and Android. The trading platform is designed for fast execution, intuitive navigation, and strong security on the go.

MetaTrader 4 vs 5: what's the difference?
The main difference between Metatrader 4 and Metatrader 5 lies in market coverage and technical features. MT5 offers more timeframes, built-in tools, and supports a wider range of asset classes.

What can you trade on MetaTrader 4?
On MetaTrader 4, traders can access forex markets and a range of CFD. This includes popular instruments such as indices, stocks, commodities, and selected equities, depending on the broker's offering.