Best Metatrader 4 Guide For Dummies

The most popular and reliable platform by far is the Metatrader 4, also known as MT4. After you find a reliable broker the first thing they will do is provide you with a copy of MT4 software. Now with all the sophisticated functions and abilities of the program comes great complexity. Not exactly rocket science, of course, but it will still make you go “What the …?” when you see it for the first time. The best solution is to start by finding a detailed Metatrader 4 user guide that will walk you through the process of getting familiar with the platform.

A good guide can be determined by a set of qualities. Such as:

• Readability. In order to learn effectively you need to understand the language of the guide. There will be a lot to take in, so the last thing you need is extra technical and academic words to confuse. Simple and well organised Meta 4 user guide is the one you should go with
• Amount of information. Look, trading is not easy and it does require a certain amount of skills and knowledge. So do not be surprised with the number of pages to go through - you will need to know this in order to be successful. But also nobody expects you to memorize the whole thing by heart, just focus on the key parts and feel free to come back to the guide when needed
• Relevance. Just like any other software MT4 gets constantly updated by its creators. Mostly the improvements consist of performance fixes and adjustments, but once in a while there will be a change in the setup. So make sure that the guide you find is up to date and gets revised from time to time

Beginner’s guide to the MT4 trading platform

Let’s take a moment and over the information that will be included in the guide so you get a better understanding of what’s coming your way. In every MT4 platform user guide the information will pretty much be the same. What you are looking for is the specific details and hints provided in a form of writer’s commentary. This will provide you with a more comprehensive picture and make your trading journey easier. So what are the exact information pieces that need to be included in a good MT4 multi terminal user guide? Most important ones are the following 5:

1. Downloading and installing the MT4 platform. As previously mentioned you will get a download link from your broker. Ideally you will also get the installment instructions but in case you didn't just refer to the guide. You will see that the installment process is pretty straightforward, all that is needed from you is paying attention
2. Logging in to your Forex trading account. In order to do that you first have to get the valid credentials from your broker. If you open the account before starting to work with MT4 you’ll save some precious set up time
3. Creating a Forex demo account. This one is very important, especially for new traders. A demo account works just like an actual one with the only difference being - no real money involved. This is very handy for practicing your trading skills as well as applying your Metatrader 4 knowledge. Since you are not risking anything you can feel free to experiment and get to know the platform using a more practical approach. Also it is a great tool for experienced traders who want to practice new techniques or work out an individual trading strategy
4. Changing your MT4 password. MT4 is your way to access your profit made off currency trading. So just like your banking account -security comes first. It is a good idea to change your password once in a while and keeping it in a safe place. Best way to go about it is to create a password that will consist of random letters and numbers, not full words, or even worse - you birth date and year
5. Starting to trade on Forex. This will be the biggest section of your MT4 user guide Forex. Here you will find all the necessary information about Meta 4 charts, prices, managing your orders, adjusting your settings etc. As you learn about a new function go ahead and practice it on your demo account to see how it works
6. BONUS point: the best Metatrader 4 user guide comes with the list of hot keys that can be very helpful in the fast pacing currency market environment. Make sure you memorize most of them

Now is the time to get started and learn how to trade Metatrader 4 using a guide. Take your time and keep your focus. After all, it is the future of your profit at stake here.