When it comes to choosing a forex broker, one of the important things you need to look for is their forex trading platforms since different brokers offer different trading platforms.
One of the regular visitors here on this side asked how or where they can download the MT4 pip spread indicator they saw on my trading charts, So i decided to write this post not only to give the link to download the spread indicator but also show you how to install indicators on the MT4 platform.
Using a trailing stop loss on your positions can helps you to manage your positions and take care of your profit automatically.
I personally don’t use trailing stop loss, but maybe you are interested in it because of the different trading strategies you use, especially if you like trading major news events or you just want to know what is a trailing stop loss and how it works. This tutorial will teach you that.
On this MT4 tutorial we look at the four types of orders found on MT4 trading platform. These orders can be confusing, especially to novice traders.
If you’re serious about becoming a forex trader you must first learn how to use your trading platform to avoid making unnecessary mistakes.
How to calculate number of pips on metatrader 4
Here, we look at two ways to calculate the number of pips on metatrader4 or mt4 platform. I will show you two methods to calculate the number of pips, One requires you to use crosshair tool, and the other requires you to use mouse wheel or scroll wheel.
It is very important to know how to calculate pips because every position you take it has everything to do with pips. When you take a position you need to know how much you’re going to risk in terms of pips, how many pips from your entry level to the level you want to set the stop loss or take profit. How much is your risk/reward ratio, etc…
The purpose of this tutorial is to teach you how to change your template on metatrader 4 platform.
This post might be very useful to beginners or to those who are unfamiliar with the MT4 platform.
Unless you like the default template that comes with your MT4, then there is no need for you to continue with this tutorial.