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Download and use the latest MT4 PC for newbies

Metatrader 4 is the earliest and most popular trading platform in the foreign exchange market. Among them, the MT4 PC is used by most professional traders. So what specifically is MT4 PC, what’s special about the interface? How to download MetaTrader 4 software to my computer? How to trade on the MT4 computer version specifically? Find out with Learn Forex Trading right here!

What is an MT4 PC? Outstanding features of MT4

Before downloading MetaTrader 4 to your computer, you need to clearly understand the concept of MT4 and what is MT4 PC. What outstanding features does this software have that so many traders love?

What is MT4? What is an MT4 PC?

MT4 PC is a Metatrader 4 application integrated with personal computer operating systems
MT4 PC is a Metatrader 4 application integrated with personal computer operating systems

MT4 or Metatrader 4 is professional trading software, that allows traders to update all market information in real-time. Besides, investors can use MT4 to analyze and use technical indicators to open and close orders. 

MT4 PC is a Metatrader 4 application integrated with personal computer operating systems. You will download and install MT4 PC directly on your computer to perform trading. Currently, the MT4 platform is considered the most mainstream online forex trading platform. All types of traders use MetaTrader 4, both beginners and experienced traders. 

See more: Let MT4 help you solve all your trading difficulties

Outstanding features of MT4

  • Freely create EAs (Trading Robots) and indicators. From there, it helps monitor or perform transactions automatically. 
  • Charting system with 9-time frames, helping traders monitor market fluctuations and sentiment.
  • System of more than 30 indicators and 24 tools to support drawing and analysis.
  • Has a warning function about strong price fluctuations.
  • The One-Click Trading feature helps traders place orders, cut losses, and take profits with just 1 click, extremely quickly.
  • The MT4 Copy Trade feature helps you copy smart trades from expert traders. 

The most standard instructions for downloading MT4 to your computer

Below is an overview of how to download and install MT4 PC. If you download MT4 directly from your broker’s homepage, the download process may be a little different. However, here is the general guide downloaded from the official MetaTrader 4 website:

Instructions for downloading MT4 to your computer

  • Step 1: Visit the Metatrader4.com homepage
Visit the Metatrader4.com homepage to download MT4 software directly
Visit the Metatrader4.com homepage to download MT4 software directly
  • Step 2: Click to select “Download”. Then, hover your mouse down, you will see the words “MetaTrader 4 for Desktop” in the middle of the screen. Here, there are 3 items for you to choose from, including “Download MetaTrader 4 for Windows”, “Linux” and “macOS”. 
There are 3 Metatrader 4 download options compatible with 3 types of computer operating systems
There are 3 Metatrader 4 download options compatible with 3 types of computer operating systems
  • Step 3: See what your computer operating system is and click 1. At this time, the installation file will be automatically downloaded to your computer and located in the Download file on your computer.

Instructions for installing MT4 for computers

After downloading the MT4 PC, install the software according to these steps:

  • Step 1: Open the mt4setup.exe file => Left click on the Run button => Left click on the Yes button => Left click on the Next button. 
Open the downloaded MT4 installation file in the Download file on your computer
Open the downloaded MT4 installation file in the Download file on your computer
  • Step 2: Wait a few minutes, and the system automatically runs the installation program => A “Finish” button appears, left-click and select that button to complete.

How to use MT4 on a computer

To use MT4 PC software, you need to understand the interface and tools on it. Then, apply the order placement method as instructed below.

Learn the MT4 PC interface

The clear, intuitive interface of the MT4 PC software
The clear, intuitive interface of the MT4 PC software
  • File: In this section, you need to pay attention to the two features Open an Account and Login to Trade Account.
  • View: Main features include Languages, Market Watch (View chart), Navigator (add indicators to chart), and Toolbox (account balance, capital, margin).
  • Insert: Includes analysis tools such as Line and Channels (draw trend lines), Fibonacci (find profit and loss points), Shapes and Arrows (geometry, arrows), and Text (write letters).
  • Chart: Includes 3 types of graphs, of which candlestick patterns are the most popular. You need to pay attention to items such as time frame (time frame), Template (save template), Properties (interface editing),…

How to use MT4 PC for trading

How to display currency pairs

Move the mouse to the price list area => Right click => Select Show All => The price list will display all currency pairs. If you want to hide any currency pair, just right-click on that currency pair => Select Hide.

How to display charts

Hold down the mouse and drag the currency pair to the right.

How to place orders on MT4 PC

Instructions on how to place a Pending order on MT4 PC software
Instructions on how to place a Pending order on MT4 PC software

Understanding how to place standard orders will help traders improve their ability to cut losses and take profits. At the same time, place buy and sell orders at the right time. The most important orders on Metatrader 4 are pending Buy limit or Sell limit orders and stop loss and take profit orders. Specifically:

  • Place a pending order: Select New Order => Select currency pair in Symbol section => Enter the volume, price => Select Buy limit or Sell limit in Type section.
  • Stop loss/take profit: Drag the blue or red lines on the chart.

How to close orders

Double-click on the open order in the Terminal/Market Watch window at the bottom of the MT4 interface => Click “Close” to close the order. Or click on the “X” at the end of the command line.

See more: How to register ICMarkets broker account

Should I trade with the MT4 PC or the MT4 app on my phone?

Deciding whether to choose MT4 PC or download the MetaTrader 4 application to your mobile phone for trading depends on each trader’s personal needs and preferences. As well as specifLearn Forex Trading situations and conditions, frequently moving or fixed. Let’s look at the advantages and limitations of each version to consider:

Trade on MT4 PC

  • Large screen: Trading on a personal computer with a large screen can provide a better market experience. At the same time, traders can track and observe charts and indicators easily.
  • Fully featured: The MT4 PC version is often more fully featured than the mobile version of MetaTrader 4. 
  • Limitations: Portability is limited. The reason is because computers are bulky and you rarely carry them with you. So you cannot follow the market if you are far away from your computer.

Trade on the mobile version of MT4

  • Flexible mobile: You can open MT4 and trade anytime, anywhere with a smartphone device with wifi or a 3G connection. Even when you’re on the go, you can keep up with the market.
  • Convenience: The interface of the MT4 mobile application is quite simple and easy to use. Very suitable for traders who want to trade quickly.
  • Timely notifications: You can receive notifications about events and prices continuously.
  • Limitations: The MT4 interface on the phone is much smaller than the MT4 PC. This reduces the trader’s trading experience. In particular, you cannot track a lot of information at the same time. Besides, some features are also limited compared to the computer version.

=> Some traders use both to take full advantage of the advantages of each platform.

Conclude

Above is all the information about the MT4 PC version that you need to know. Hopefully, through this article, Learn Forex Trading can help investors easily download Metatrader 4 software to their computers. MT4 PC with a large, clear interface will definitely help investors be more successful in making money online in the foreign exchange market.

FAQ

How to log in to a trading account on an MT4 PC?

Open MT4 and select “File” > “Login to Trade Account”. Enter your trading account number and password, then click “Login”.

Is downloading MetaTrader 4 to your computer free?

Have. Metatrader 4 software is completely free both on computers and other devices.

Can I use MT4 on Mac?

Okay. Previously, MT4 was designed primarily for Windows operating systems. However, currently, MT4 has been developed and has its own installation file for the macOS operating system. 

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