How To Use Metatrader 4 To Trade Forex
Hello friends, on the occasion
this time I will discuss the best way to use Metatrader 4 for forex trading.
Those of you who are hearing or learning forex trading for the first time will definitely ask: “how do I make transactions in Metatrader 4?“.
For more details, follow the discussion below because I made this article briefly, and hopefully, it can help those of you who don’t understand at all about how to trade forex with metatrader.
Forex trading is an activity of buying and selling foreign currencies in the exchange market or the general term for the forex market.
This activity can be done every day for 24 hours on Monday-Friday through an application or software called Metatrader.
I. Market Schedule for Each Session
Before we learn how to trade forex with Metatrader 4, I will first discuss the market operational schedule.
In general, forex transactions can be carried out for 24 hours without stopping, but market conditions will be quiet or crowded and it depends on the open or close of the market.
When the market is open, there is a lot of transaction activity from agencies or world banks that exchange or buy and sell currencies.
In addition, there are also many speculators who start trading for profit or profit.
Prices will continue to move whether the market is open or closed. However, the ideal time for us to make transactions is when the market is open.
Why? because apart from that, many speculators and big banks are doing buying and selling, economic data of a country will be released when the market is open according to the zone of each country.
II. How to Use Metatrader 4 For Forex Trading Activities.
A trader to be able to carry out their trading actions requires an application or software called metatrader.
Currently, there are two versions of metatrader, namely metatrader 4 and metatrader 5. However, in this discussion, we will only focus on how to use metatrader 4.
We can get this metatrader application or software for free the first time we register or create an account at one of the brokers.
After registering, we can download the Metatrader 4 application from the broker website that we follow.
In order to avoid mistakes when we use Metatrader 4 for forex trading, we should first learn the basic knowledge about how to run this software.