If you’re a forex trading beginner, chances are you have already heard about the Meta Trader 4. This is a well-known trading platform, which offers a powerful set of tools that can help you turn into a successful trader in no time.
In case you’ve been wondering how to install this program on your computer, then this article will guide you through each step. Furthermore, we’ll show you how to set it up in the most efficient way.
Step 1: Downloading Meta Trader 4
The first thing you need to do is download the Meta Trader 4 program, which you can find on their official website ( https://www.metatrader4.com/). To access the download section, click on the option that says DOWNLOAD which can be found on the top of your screen. Here, you’ll see a bunch of different platforms, each one being compatible with different operating systems. Select the OS that matches yours and continue to download Meta Trader 4.
Step 2: Installing Meta Trader 4
Once you’ve downloaded the installation file, locate it on your computer and double click on it. At this point, you’ll need to wait until the installation process is completed.
After following these steps, Meta Trader 4 should now be installed on your computer and ready to use!
Meta Trader 4 offers a great set of features that can help you turn into a successful trader in no time. Furthermore, it’s compatible with a great number of FX trading platforms, which means you can use it regardless of what broker you have chosen to trade with.
What are the Advantages of Using Meta Trader 4?
Here are the main advantages of using Meta Trader 4:
- Allows you to watch over the market in real time
- Offers a wide range of technical indicators and drawing tools for plotting charts and graphs
- Allows you to backtest trading strategies by using historical data ( this option is not available on every broker though )
- It’s an easy-to-use platform that doesn’t require too much time to familiarize with
- Allows you to manage multiple accounts
- Supports forex trading 24 hours a day
- It offers excellent customer support, which can be contacted through the live chat feature available on the website.
- Meta Trader 4 is compatible with FXCM Trading Station as well as several other platforms that can be found on their official website ( https://www.metatrader4.com/ ).
- Trades FX, CFDs, ETFs and Indices
- Offers a user-friendly interface that can be easily used by beginners.
- High-speed trade execution
What are the system requirements for using MT4?
- Windows 2000 or later
- 2000 MHz or faster CPU
- 512 MB RAM at least
- 60 MB Hard Disk
Using Meta Trader 4 is an easy-to-follow process that can be done in no time. Even though this platform was not initially meant to be used on your computer, it has evolved into a powerful application that can improve your chances of becoming a successful trader in the Forex market.