MetaTrader 4 (MT4) is among the most popular trading platforms in the world, a platform that traders of all skill sets can rely on because it is powerful and easy to use. 

Whether it is Forex, stocks, or commodities, MT4 has plenty of options to enable you to make informed choices and trades successfully. 

Start using MT4

So let’s start with the setup, how to navigate the platform and trade MT4 in this post as we cover exactly how to get started, so you can prepare your account and trade the first time.

We will also look into why you should consider Finxo Capital as your broker to make your trading better. 

1. How To Get Your Account Setup. 

MT4 is accessible by creating an account with a platform-enabled broker to access it. Finxo Capital can be used for newbies as well as experienced traders, with the ease of access to MT4 and numerous trading assets. 

The process to create MT4 Account: 

• Find Your Broker: Register an account with Finxo Capital on the Finxo Capital website. After registering, you download the MT4 platform from the broker’s website. 
• MT4Download: MT4 is supported on Windows, Mac, mobile and much more. Then, download the version for your device. 
• Login: Launch MT4 after installing and log in using the credentials sent by Finxo Capital. You will be asked to fill in your account information, like username, password, and server. 

Why Finxo Capital?  
It is fast and easy to join, low-cost, and has access to several markets, so it’s an excellent platform to start with MT4. Whether it’s its customer service or its training videos, there’s everything you will need to get trading confidently. 

2. Exploring the MT4 Interface. 

After logging in to MT4, it’s time to get acquainted with the interface of the platform. MT4 is not exactly simple to start with, but it is designed in a way that helps you navigate the tools and capabilities quickly. 

Sections of the MT4 Interface: 

• Market Watch: This window, located on the left, provides you with real-time quotes of all trading instruments, including currency pairs, stocks, and commodities. 
• Charts: Charting is among the main highlight of MT4. You can analyze price action in a time interval of one minute or monthly timeframe, and adjust the chart with technical indicators, drawing tools, and templates. 
• Navigator: You can handle accounts, access indicators, expert advisors (EAs), and scripts here. It’s where you’ll manage your MT4 customize. 
• Terminal: The terminal section at the bottom contains valuable data such as your trade history, account balance, and active trades. 

Finxo Capital makes your MT4 easier with live data, charts, and direct access to a wide range of assets integrated within the platform. 

3. Making Your First MT4 Trades! 

Once you’re familiar with the MT4 screen, it’s time to initiate your first trade. Market orders, pending orders, and limit orders (all depending on your strategy) are possible with MT4. 

Instructions to Place a Trade: 

• Step 1: Tap the asset you want to trade from the Market Watch window. Right-click on the asset and select New Order. 
• Step 2: Click Order and enter your volume (lot size), buy/sell order. You can even decide on a stop loss and take-profit threshold for managing risk. 
• Step 3: Click Sell by Market or Buy by Market to make the trade. 

For instance, if you trade EUR/USD with Finxo Capital, you can see the price moving up and place a buy order. Through the instruments provided by MT4, you can precisely determine your stop loss and minimize your risk should the market go against you. 

Tracking Your Position: 
After triggering the trade, your trade will be displayed in the Terminal window on the Trade tab. Here you can track its trade status, close the trade, or change the stop loss and take profit. 

4. Through MT4’s High-end Features. 

Some of the reasons traders like MT4 are all the fancy options that it contains. Whether it is automated trading or advanced charting, MT4 offers all the tools you need to take your trading to the next level. 

Standard Features Advanced: 

–  Technical Indicators: There are a lot of indicators already integrated into MT4, including moving averages, RSI, MACD, and Bollinger Bands. These can be used to analyze price action and trade accordingly. 

• Expert Advisors (EAs): You can automate your trades using Expert Advisors on MT4. They’re algorithms that will trade for you with defined criteria and then settle your trade for you. 
• Custom Indicators and Scripts: As a pro trader, you can also export or build custom indicators and scripts to customize MT4 for your style. 
• Backtesting: MT4 allows you to test your trading ideas against the back end, making your system more effective before jumping into live markets. 

Finxo Capital complements all of these features with powerful market data feeds so that you have real-time information to make the right trades. 

5. How to Manage the Risk On MT4 

MT4 can give you an amazing amount of trading capability but you must be careful how much risk you expose yourself to in order not to lose your money. Markets are dangerous, and you can lose more than you start with if you’re not a good trader. 

MT4 Risk Control Tools: 

• Stop-Loss Orders: Always place a stop-loss order when initiating a trade. It makes sure that in case the market falls against you, you don’t have much to lose. 
• Take-Profit Orders: Like a stop loss, a take-profit order expires your trade when the market reaches a certain profit level. 
• Profit: MT4 lets you trade on margin and can increase your profit and losses. Leverage is good for profit, but it makes you more vulnerable to loss. Use leverage wisely, and make sure you know exactly what it does. 

Why Finxo Capital?

Finxo Capital provides you with several risk management solutions, such as guaranteed stop-loss orders, to help you hedge your assets.

Also, Finxo offers education resources to traders to help develop effective risk management practices so that you can trade safely even when markets go awry. 

6. Why Trade with Finxo Capital? 

Finxo Capital is a broker that offers traders everything to succeed, especially on MT4. Here are the reasons why you need Finxo as your exchange: 

• Low Spreads & Low Fees: Finxo Capital offers you the best possible trading conditions with low spreads and low transaction fees to maximize your profit. 
• Matching Markets: Finxo allows you to trade Forex, stocks, commodities, and indices across multiple markets in the same platform. 
• Customer Support  24/7: Finxo’s customer support team is available all hours of the day and night to make sure you get everything resolved as soon as possible. 
• Learning Materials: Whether you are new to trading or need to advance your trading knowledge, Finxo is rich in tutorials, webinars, and articles to provide you with the tools to start trading successfully. 

Choose Finxo Capital, you receive a fully intuitive and well-integrated MT4 platform and the support and tools you need to build your trading skills. 

Start trading with Finxo

MT4 is a great option to start trading Forex, stocks, or commodities. With advanced tools, customizable interfaces, and automated trading features, MT4 has all the elements a trader requires to be successful.

Yet, remember trading is not risk-free and risk management and risk-management strategies are needed for good utilization of the platform. 

With Finxo Capital, you’ll get a selection of markets, fair terms of trading, and the best customer service, which gives you everything you need to be able to make sound trading choices.

So whether you are new to trading or need to build some knowledge, MT4 and Finxo Capital are the right platforms to kick-start your trading experience.