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Learn about MT4 Web: How to register an account

MT4 Web is the version of MT4 that many investors choose to use. With MT4, you can track all indices and market information. The article below from Learn Forex Trading will share with you more about the MT4 Website version.

Using MT4 Web for beginners

Using MT4 Web for beginners
Using MT4 Web for beginners

MT4 is no longer strange to investors. This is an extremely popular online trading platform for veteran investors or beginners.

What is MT4 Forex?

Metatrader 4 is also abbreviated as MT4. There is a trading platform for Forex and CFD contracts. In addition, MT4 also supports the latest technical analysis tools today. MT4 software allows investors to access many advanced features with lightning speed and high security. 

Thanks to that, Metatrader 4 has quickly become the most popular trading platform today. The MT4 platform was launched in 2005 by Russian MetaQuotes Software.

MetaQuotes itself also offers MT5, an advanced platform based on MT4. However, there is still no trading platform valuable enough to dethrone MT4 Web as the leading trading platform. 

Key features of the MT4 Forex application

First of all, we must mention the Slippage feature of the MT4 IOS platform. This is something that many investors are interested in because it affects trading results. However, MT4 has a fast order-matching speed so investors do not need to worry.

Trade on MT4 with just one order match. This helps investors simplify all operations and save transaction time. Investors can set SL and TP levels as desired with just 1 operation.

MT4 also supports an alert feature that notifies users of strong price fluctuations in the financial markets. Press the CTRL + T combination button and select the Alert tab to turn on the alert feature.

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

Instructions for investors to trade Forex on MT4

To fluently use the MT4 platform, follow the instructions below:

Download MT4 Forex

Instructions for investors to trade Forex on MT4
Instructions for investors to trade Forex on MT4

Currently, the MT4 Web platform system allows access to both phones and computers. Below are instructions for downloading and using the software. You can use the direct link on the MT4 website. Additionally, most Forex trading platforms also support MT4 connectivity.

Step 1: Open the link on the MT4 website and download, select “Download MetaTrader 4 to PC”

Step 2: When the download process is complete, select Run>Yes>Next

Register an account on MT4

To open an account on the MT4 platform, investors need to choose a reputable trading platform to open an account. With reputable trading exchanges, investors will have information security and safety is also high.

If you are new to the market, you should practice trading on a demo account before switching to a real account. The process of opening a demo trading account is not much different from the process of opening a real account. 

The best way to learn and practice trading on the MT4 platform is to use a demo account. Demo accounts allow traders to trade financial products on the MetaTrader 4 platform using virtual money. 

This allows traders to use different trading strategies without risk. Therefore, the MT4 Web demo account is a great way to start trading.

Select chart and set indicators

To have a good trading plan and achieve high profits. Investors need to combine more analytical indicators. Let’s learn how to use indicators on MT4.

Open a price chart on the MT4 platform

To open a new chart on MT4, click the “File” bar button and then select New Chart. Select Window on the toolbar and create a New Window. Select the currency pair in Market Watch and select Chart Window.

Install and add the Indicator indicator to the chart on MT4

You have 2 ways for you to add Indicator indicators to MT4. First, select the “Add Indicator” icon in the toolbar. Or you can select “Insert” and choose the Indicator you want. There are a variety of different types of indicators here.

For indicators that are not available on the platform, you need to download them to your device. After you have downloaded them to your device, you can see them in the “Open Data Folder” section. Note that you should only download indicators that you really need to use to avoid confusion.

See more: Registering Exness broker account on your phone

Advantages of using MT4 Web

Currently, although the MT5 platform has been launched, MT4 is still favored by many investors.

Outstanding advantages when using MT4 Web
Outstanding advantages when using MT4 Web

Freely write EA on MT4 Web according to your own needs

The biggest advantage of the MT4 platform is the MQL4 language and unique editing functions. You can absolutely write your own automatLearn Forex Trading program. Plus what customizable technical indicators are in this simple programming language? 

Even if you don’t want to learn programming, you can find a third-party expert to write automation software for you. The fees are not very high; therefore almost everyone can afford this service. 

Due to MT4’s versatility, most software has started adding programming features. However, they are not as simple and effective as MT4 EA..

MT4 has a simple, easy-to-use interface design

Time has proven that the simpler the software, the more popular it is with users. The MT4 app for Mac, PC, iOS, and Android takes a different approach. 

Users no longer have to fiddle with messy buttons for all the different functions. You can find information about all other features on the home page. All information is displayed on an easy-to-find surface.

For those who are new to using MT4, it may be difficult. However, after a period of use, you will get used to it very quickly and proficiently.

International standard Forex MT4 trading hours

Currently, Forex MT4 trading hours all have certain international standard time frames. Opening hours are 24 hours and trading is from Monday to Friday. In other words, the currency market has no limits on distance and geographical boundaries.

Intermittent operations are due to time zone differences. When one international shopping center closes, another will soon open. So, traders around the world can submit trading orders whenever they want.

MT4 has a high degree of freedom for investors

With the MT4 Web platform, investors can completely customize and change the interface according to their preferences. All you have to do is right-click on the Properties tab on the palette, where you will find many customization options. 

The MT4 platform allows traders to change the color of candles. While most other programs only provide one color palette. MT4 includes a large number of built-in technical indicators, which users can easily customize to their preferences. 

Conclude

The article above by Learn Forex Trading has given you the most general overview of the MT4 Web platform. With two platforms MT4 and MT5, traders can completely use both. Or find yourself a suitable platform to use.

FAQs

Is the MT4 platform safe?

With the MT4 platform, many investors now choose to trust it. This is a completely secure and safe platform.

How many time frames does MT4 have for trading?

Currently, MT4 has 9 time frames for investors to monitor and trade.

Can MT4 be used on phones?

Currently, MT4 has support for both IOS and Android operating systems on phones.

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