Metatrader 4

Metatrader 4 would be the most widely used trading platform in the world, especially when trading in the FOREX market, with most Forex Brokers using it. However this is not the case when it comes to Binary Option Brokers, some will use something similar ( using a candle stick chart ) and others will use a Bee Line or a Tick Line chart or some brokers might even give you the option of choosing your preference.

No matter which Broker you choose I would strongly suggest downloading the Metatrader 4 platform ( Free to download ) onto your desk top computer and / or Laptop and install the Metatrader 4 App. onto your ipad / tablet or smart phone.

There are a number of tools on the Metatrader 4 platform that can be installed directly onto the charts, these are all default set, and changing these settings is easy. Most srtatergies will come with tools that you will have to lay onto your chart and you will have to adjust the settings. You can add as many of these tools as you like to your charts, although too many could make the chart rather confusing.

As  I mentioned in one of my earlier articles on this site, always try these on a Demo Account before risking your money in a live account.

Some stratergies will require you to import some tools / programs, you will be able to do this only onto your desk top computer or lap top but not onto the Metatrader 4 App. I bought a Forex trading system thinking I could just download it onto my Metatrader 4 on my ipad and smart phone (as I spend alot of time away from home ),but as it turned out this was not possible, so I had to go out and spend more money on a lap top to allow me to trade using this new program. By the way this program that I purchased  from a so called “Forex Guru”was a waste of time and money.

Install Metatrader 4 and have a play with all the tools and get used to the names of  some of these tools as a few of them are common in the Binary Option Trading industry such as, Bollinger Bands, MACD, RSI and Moving Average Lines to name few.

Use Metatrader 4 to analyse your trade, then place your trade on your Broker’s platform.

 

 

 

 

9 comments to Metatrader 4

  • 79Jamika  says:

    I must say you have high quality articles here. Your blog should go viral.
    You need initial boost only. How to get it? Search for:
    Miftolo’s tools go viral

  • Bitcoin Janie  says:

    Hi, yes this post is really nice and I have learned lot of things from it on the
    topic of blogging. thanks.

    • Neil  says:

      Thank you, are you trading binary options ? my next article will be about using pin bars to trade 1 minute to 15 minute time frames, this is the stratergy I use the most and when combined with support and resistance the win rate is about 85% in the money. Todays trading using this stratergy is 7 wins and 1 partial loss. hpoe my articles are helping.

  • tabletki na odchudzanie Brendan  says:

    Appreciate this post. Let me try it out.

  • WillKSW  says:

    Tremendous things here. I am very happy to peer your post.
    Thank you so much and I’m having a look forward to touch
    you. Will you please drop me a mail?

    • Neil  says:

      Thank you, have just drafted up another article on trading Divergence which I will finish and publish within the next couple of days. Hope all these articles are helping beginners on their binary trading. You can now follow us on Face book as well JTC Trading.

  • Brooks  says:

    magnificent issues altogether, you just gained a emblem new reader. What may you recommend about your publish that you made some days ago? Any certain?

    • Neil  says:

      Not too sure what you mean here please message me through my Facebook page “JTC Trading “

  • FirstJimmy  says:

    I see you don’t monetize your website, don’t waste your traffic, you can earn additional
    cash every month because you’ve got hi quality content.

    If you want to know how to make extra bucks, search for:
    Boorfe’s tips best adsense alternative

Leave a reply

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>