9 Brilliant Tips for Metatrader4 Newbies

The Metatrader 4 is widely considered to be one of the most powerful trading platforms in the world. It helps Forex traders make better and make more informed decisions. Thousands of people use it every day to trade in various markets. The MT4 for PC easy-to-use interface is perfect for beginners and professionals alike, as it provides all the necessary tools without being overwhelming.

In this article, we are going to share 9 tips that will make your trading on MT4 easier. Let’s start now.

• Use Expert Advisers the platform provides

Expert Advisors are a great way to trade automatically without having the time or expertise. The Metatrader 4 supports these, so you can find an EA that fits your needs and requirements easily with hundreds of options available.

• Trade with the help of Short Cut keys

There are some keyboard shortcuts you should know that can make navigating on the MT4 platform faster and more efficient. 

Here are some of them:

F1 – ‘’User Guide’’ window

F2 – ‘’History Center’’ window

F8 – chart setup window

F10 – moving chart from one bar to the left

• Use one-click trading

With the one-click trading feature, you can place orders in a more timely and efficient manner. This function allows you to submit an order with just one click, without having to complete the two-step process that is currently used.

• Printing out the historical trades

You can find a history of your past trades by clicking on the “Account History” tab in the Terminal window. You can see all of your past trades or choose to look at just a certain period. Anyone can always print it if needed, not only by themselves but with the help of a broker. 

• Trade with a chart template

If you use technical analysis when you trade, you probably use more than one indicator to decide what to do. A template lets you put indicators on a chart that are already set up. That way, you don’t have to set them up again every time you open a new chart.

• Save your profile

When you set the layout of your platform, you can save it as a profile. Saving a profile means that all of the charts in that layout will be saved in the same place, with all of the settings the same. This is different from saving a template, which only saves the indicators on one chart.

• Trade from various devices

Metatrader 4 platform lets you trade from anywhere, whether you are at work or home. The platform is accessible, so you don’t have to worry about losing any trade. It works on PCs, as well as phones and other devices.

• Use the demo-account

The Metatrader 4 offers a demo account to trade, which is great for both newbies and experienced traders. With it, you can try out different trading strategies before risking your own money.

• Chart scrolling to the left

If you’re new to MT4, you might find it hard to scroll your charts to the left. The chart might jump to the right and go back to the current price. To stop this from happening, make sure this icon on your toolbar is not enabled.

Conclusion

The article introduced you to 9 useful tips every beginner should pay attention to. If you are new to the platform, these tips will help get you started. They can also help experienced traders who want to explore the features of MT4. Use these tips and trade successfully.