How to use MetaTrader 4 ? (2nd Part of 2)

How to Use MetaTrader 4 on Android or iPhone？

MetaTrader and its different versions are downloadable whatever your environment. Whether you trade on Mac or Windows, or even on mobile with iPhone or Android, you get the same functionality.

To learn how to use MetaTrader 4 on Android or iPhone, just go to the Google Play and App Store apps respectively and search for MT4.

What to Trade with MetaTrader 4？

MetaTrader 4 allows you to trade in different markets, such as commodities, indices, currencies (Forex), stocks, or even cryptocurrencies.

On Forex, you can trade EUR/USD, GBP/USD, USD/JPY pairs on MT4, as well as more than 20 minor and exotic pairs.

On the index market, MT4 opens the doors to the main stock market indices, such as DAX 30, CAC 40, Dow Jones, or nearly 20 cash indices and 3 Futures indices.

With nearly 40 US stocks and more than 25 European stocks, the security market is no slouch on MetaTrader 4.

MT4 also allows you to trade in the commodities market, with not only gold and silver, but also 5 metals and 3 energy commodities.

Finally, if you are looking to trade cryptocurrencies, it is also possible with MetaTrader 4, which offers the main cryptocurrencies, like Bitcoin, Ethereum, Litecoin, Ripple, or even Bitcoin Cash.

How to Trade with MetaTrader 4？

Knowing how to trade with MetaTrader 4 comes down to knowing how to open and close an order.

In Forex, the easiest way to open a trade is to use the “Order” window and place an instant order in the market.

In general, an order is opened as follows:

1. Click on “New order” at the top left of the MT4 platform,

2. A window opens with the Buy and Sell buttons,

3. Choose the batch size in the Volume section,

4. Click Buy to buy and Sell to sell.

To close an order on MT4, the procedure is very intuitive. On the MT4 trading chart, a simple right click on the red dotted line that indicates the entry level will display the “Close” option. By selecting this option, you close your order in a simply way.

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