Meta 4 Download for PC and Mobile: Start Trading Forex Today
- orentiem1998
- Aug 1, 2023
- 7 min read
Meta 4 Download: How to Trade Forex with MetaTrader 4
If you are interested in trading Forex, you may have heard of MetaTrader 4, the most popular Forex trading platform in the world. But what is MetaTrader 4 and how can you use it to trade Forex? In this article, we will explain what MetaTrader 4 is, how to download and install it, and how to use its features and functions for Forex trading.
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What is MetaTrader 4?
MetaTrader 4, also known as MT4, is a software platform that allows you to trade Forex, analyze financial markets, and use expert advisors (EAs). EAs are automated trading systems that can execute trades for you based on predefined rules and strategies. MT4 was developed by MetaQuotes Software in 2005 and has become the industry standard for Forex trading.
Features and benefits of MetaTrader 4
Some of the features and benefits of using MT4 for Forex trading are:
It is free to download and use.
It supports multiple languages and currencies.
It offers a user-friendly interface and customizable charts.
It provides access to thousands of brokers and servers.
It has a built-in market where you can buy or sell EAs and technical indicators.
It has a signals service where you can copy trades of other traders.
It has a variety of technical analysis tools, such as indicators, oscillators, trend lines, Fibonacci levels, etc.
It has a flexible trading system, with two execution modes (instant and market) and four order types (market, limit, stop, and stop loss).
It has a mobile version that allows you to trade on the go from your smartphone or tablet.
How to download and install MetaTrader 4
To download and install MT4 on your PC, you can follow these steps:
Go to the official website of MT4 at .
Select the version that matches your operating system (Windows, Mac OS, or Linux).
Click on the download button and save the file on your computer.
Run the file and follow the instructions on the screen to complete the installation.
Launch MT4 and create a free demo account or log in with your existing account.
To download and install MT4 on your mobile device, you can follow these steps:
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Go to the app store of your device (Google Play for Android or App Store for iOS) and search for "MetaTrader 4".
Download and install the app on your device.
Launch the app and create a free demo account or log in with your existing account.
How to use MetaTrader 4 for Forex trading
Once you have downloaded and installed MT4, you can start using it for Forex trading. Here are some of the basic steps you need to know:
How to open a demo or live account
A demo account is a virtual account that allows you to practice trading with virtual money. A live account is a real account that allows you to trade with real money. To open a demo or live account, you need to choose a broker that supports MT4. You can find a list of brokers on the MT4 website or in the app. To open an account, you need to fill out a registration form with your personal details and verify your identity. You may also need to deposit some funds to start trading. You can use various payment methods, such as credit cards, bank transfers, e-wallets, etc. Depending on the broker, you may also get some bonuses or promotions for opening an account.
How to access the market and trading signals
The market is where you can buy or sell EAs and technical indicators that can enhance your trading performance. You can access the market from the MT4 platform or the website. You can browse through thousands of products, read reviews, and test them before buying. You can also sell your own products if you are a developer.
The trading signals are where you can copy the trades of other traders who use MT4. You can access the signals from the MT4 platform or the website. You can browse through thousands of signal providers, check their statistics, and subscribe to them for a fee or for free. You can also offer your own signals if you are a successful trader.
How to place and manage orders
An order is a request to buy or sell a currency pair at a specified price or condition. There are two execution modes in MT4: instant and market. Instant execution means that your order will be executed at the price you see on the screen. Market execution means that your order will be executed at the best available price in the market. There are four order types in MT4: market, limit, stop, and stop loss. A market order is an order to buy or sell a currency pair at the current market price. A limit order is an order to buy or sell a currency pair at a specified price or better. A stop order is an order to buy or sell a currency pair when it reaches a specified price. A stop loss order is an order to close a position when it reaches a specified price to limit your losses.
To place an order in MT4, you can use one of the following methods:
Click on the "New Order" button on the toolbar or press F9 on your keyboard.
Right-click on the chart or the market watch window and select "New Order".
Double-click on the currency pair you want to trade in the market watch window.
Use the one-click trading feature if it is enabled by your broker.
To manage your orders in MT4, you can use one of the following methods:
Click on the "Trade" tab on the terminal window and modify or close your orders by right-clicking on them.
Drag and drop your orders on the chart to modify or close them.
Use the trade levels feature if it is enabled by your broker.
How to use technical analysis tools
Technical analysis is a method of analyzing the price movements and trends of currency pairs using historical data and mathematical tools. MT4 provides a variety of technical analysis tools, such as indicators, oscillators, trend lines, Fibonacci levels, etc. Indicators are graphical representations of mathematical formulas that show various aspects of price movements, such as direction, strength, momentum, volatility, etc. Oscillators are indicators that show the overbought or oversold conditions of a currency pair, such as RSI, Stochastic, MACD, etc. Trend lines are lines that connect the highs or lows of price movements and show the direction and slope of a trend. Fibonacci levels are ratios derived from the Fibonacci sequence that show potential support and resistance levels in a price movement.
To use technical analysis tools in MT4, you can follow these steps:
Select the tool you want to use from the "Insert" menu or the toolbar.
Click on the chart where you want to apply the tool and adjust its parameters if needed.
Analyze the results and make your trading decisions accordingly.
How to use automated trading systems
Automated trading systems, also known as EAs, are programs that can execute trades for you based on predefined rules and strategies. EAs can save you time and effort, as well as eliminate human emotions and errors from your trading. However, EAs also have some risks and limitations, such as technical glitches, unexpected market conditions, broker interference, etc. Therefore, you should always test your EAs before using them on a live account and monitor their performance regularly.
To use automated trading systems in MT4, you can follow these steps:
Select an EA from the "Navigator" window or the market.
Drag and drop it on the chart of the currency pair you want to trade.
Adjust its settings and parameters if needed.
Enable the "Auto Trading" button on the toolbar or press Ctrl+E on your keyboard.
Wait for the EA to start trading for you and check its results on the "Trade" tab or the chart.
Conclusion
MetaTrader 4 is a powerful and versatile platform that can help you trade Forex with ease and efficiency. It offers a range of features and functions that can suit your trading style and preferences. You can download and install MT4 for free from the official website or the app store. You can use MT4 to access the market, the trading signals, and the technical analysis tools. You can also use MT4 to place and manage your orders and to use automated trading systems. However, you should always be careful and responsible when trading Forex, as it involves high risks and uncertainties. You should always test your strategies and EAs before using them on a live account and monitor your trading performance regularly. You should also choose a reputable and reliable broker that supports MT4 and offers good trading conditions.
FAQs
What are the minimum system requirements for MT4?
The minimum system requirements for MT4 are:
Windows 7 or higher, Mac OS X 10.12 or higher, or Linux.
1 GHz processor or higher.
512 MB RAM or higher.
50 MB free disk space or higher.
Screen resolution of 1024x768 or higher.
Internet connection of 128 kbps or higher.
How can I update MT4?
You can update MT4 automatically or manually. To update MT4 automatically, you need to enable the "LiveUpdate" option in the "Tools" menu or the "Options" window. To update MT4 manually, you need to download the latest version from the official website or the app store and install it over the existing one.
How can I contact the MT4 support team?
You can contact the MT4 support team by using one of the following methods:
Email: support@metatrader4.com
Phone: +44 20 3519 2659
Live chat:
Forum:
How can I learn more about MT4?
You can learn more about MT4 by using one of the following resources:
User guide:
Tutorials:
Webinars:
Blog:
How can I uninstall MT4?
To uninstall MT4 from your PC, you can follow these steps:
Close MT4 if it is running.
Go to the "Control Panel" and select "Programs and Features".
Find MT4 in the list of programs and click on "Uninstall".
Follow the instructions on the screen to complete the uninstallation.
To uninstall MT4 from your mobile device, you can follow these steps:
Close MT4 if it is running.
Go to the app store of your device and find MT4.
Tap on "Uninstall" and confirm your action.
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