Desktop
Learn How to Use MetaTrader 4 (MT4) on Desktop
MetaTrader 4 (MT4) is one of the most popular trading platforms among forex traders worldwide, and it is provided by TMGM. This article will guide you through the process of setting up and using MT4 on your Desktop.
STEP 01
Download and Install MetaTrader 4
1
Visit the TMGM website from your Desktop.
2
Go to the 'Platforms' section, and select 'MetaTrader 4'.
3
Click on the 'Download' button to start the download process.
4
Once the download is complete, locate the file in your downloads folder and double-click on it to begin the installation process.
5
Follow the prompts to install MT4 on your Desktop.
STEP 02
Open a Trading Account
Follow the instructions below:
1
Open MetaTrader 4 on your Desktop.
2
Navigate to 'File' on the top left corner, then click on 'Open an Account'.
3
Fill in your personal information and agree to the terms and conditions.
4
Click 'Next' and choose the 'TMGM-Demo' or 'TMGM-Live' server, depending on your preference.
5
You will receive your login details. Keep them safe, as you'll need them each time you log into MT4.
STEP 03
Logging into your Account
1
Open MetaTrader 4 on your Desktop.
2
Click on 'File', then select 'Login to Trade Account'.
3
Enter your login details (the ones you received in the previous step).
4
Make sure the correct server (TMGM-Demo or TMGM-Live) is selected.
5
Click 'OK'. You are now logged into your account.
STEP 04
Navigate the MT4 Interface
The MT4 interface is divided into several key areas:
1
Market Watch: Here, you'll see a list of available financial instruments. You can right-click within this window to place an order, open a chart, or view the specification of an instrument.
2
Navigator: This section displays your account information and provides access to indicators, scripts, and Expert Advisors.
3
Chart Window: This is where you'll see real-time price charts of the financial instruments.
4
Terminal: At the bottom, this section displays your trading history, open positions, and account balance.
STEP 05
Placing a Trade
1
Select the instrument you wish to trade from the 'Market Watch' window.
2
Right-click on it and select 'New Order'.
3
In the 'New Order' window, select the 'Type' of order (Market Execution or Pending Order).
4
Enter the 'Volume' (size of your trade).
5
If desired, set the 'Stop Loss' and 'Take Profit' levels.
6
Click on 'Buy' or 'Sell' to place your trade.
Frequently Asked Questions
How do I add instruments (currency pairs, stocks, etc.) to my MT4 platform?
How do I place a trade in MetaTrader 4?
How do I use expert advisors (EAs) in MetaTrader 4?
How do I use indicators and technical analysis tools in MetaTrader 4?
More Question ?
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