
Learn how to use stop loss and take profit in MetaTrader 4 to limit losses. Set and modify orders on USD/JPY and EUR/USD to secure profits.
Learn to measure movement of currency pairs on price and time axes using the crosshair tool; read hours, pips, and price levels for precise stop loss and take profit.
Mt4 platform Tips and Tricks for Forex Market Trading
This course is dedicated to the Meta Trade Platform – MT4. The Forex exchange market implies trading with currencies or better say with currency pairs and the only software you will need for trading is a trading platform. The MT4 platform is one of the most popular and most used platforms in the world. This part of the course is very important and you will learn how to make chart templates, how to read Japanese Candlesticks, what time frame to use, I will try to help you to decide what type of trader you want to be so you will see a difference between scalping trading, intraday trading and swing trading. You will also see how to open a trade in MT4, what the difference between market and pending orders is, and how to set up stop loss and take profit orders.
I will also give you tips on how to customize the toolbar, how to use the measure tool on Meta trader 4, how you use one-click trading, how to set up trailing stop, how to adjust trend line, how to adjust Fibonacci, etc. In this part is very important to have installed Meta Trader 4 platform in order to practice everything I do on your platform.