Learn How to Use MT4

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 1: 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 2: 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 3: 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 4: 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 5: 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.

Please remember that trading carries a high level of risk, and you should only trade with money you can afford to lose. If you need further assistance or have any queries, please don't hesitate to contact TMGM customer service.

In MetaTrader 4, go to the "Market Watch" window, right-click, and select "Show All." This will display all the available instruments. Right-click within the "Market Watch" window and choose "Symbols" to open the symbol list. From there, you can select the instruments you want to add and click on "Show" or "Hide."

To place a trade, locate the "Trade" tab at the bottom of the platform or go to "View" > "Terminal" to open the "Trade" tab. Right-click on the instrument you want to trade in the "Market Watch" window and select "New Order." Set your desired trade parameters, such as volume, stop loss, take profit levels, and click on "Buy" or "Sell" to execute the trade.

EAs are automated trading programs that can execute trades based on predefined strategies. To use an EA, you need to have the .ex4 or .mq4 file of the EA. In MT4, go to "File" > "Open Data Folder" > "MQL4" > "Experts" and copy the EA file to this folder. Then, restart MT4, and the EA will appear in the "Navigator" window. Drag and drop the EA onto the desired chart to activate it.

MT4 offers a wide range of built-in indicators and drawing tools. To add an indicator, go to the "Insert" menu at the top of the platform and select "Indicators" or "Objects." Choose the desired indicator or tool, set its parameters, and it will appear on your chart.
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