By watching this series you'll learn how to use Metatrader like professional
traders do. I'm going to teach you everything from the basics to advanced use.
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So I'm going to be showing you on a
simple step-by-step basis how to use MT4 like a professional. That's going to be
everything from keyboard shortcuts to understanding what each section of the
platform means to more advanced things like applying technical analysis, back
testing, placing orders and lots and lots more. So let's begin. Now, MT4 can be used
on desktop or mobile, so if there's any specific video you want to have a look
at in this series you can have a look in the description below and jump to
anything that takes your fancy. If you're a more advanced user you might want to
have a look at series further along. Now, if you're just new to MT4
and you open it then it can look quite intimidating. You open the platform it
looks like quite an advanced bit of software and that's because it is. You have file, view, insert, charts, tools, windows and help.
You've got all these buttons down here. You've got your charts you've got your
trading instruments to the left hand side. You have all your tabs down to the
bottom. Alerts, mailbox, market and articles and it can all be quite
overwhelming. But like any advanced bit of software you want to learn whether
that's anything to do with trading or something with Photoshop, for example
then you want to break it down into different compartments and take it on a
step by step basis, and that's exactly what we're going to do. In order for us
to access the full features of MT4, we're going to need to log into it which is
what we're going to look at in a moment. However, in order to do that you need an
account. At this stage I would recommend you open a demo account that way if you
make an error, you place a trade for example, it's not going to cost you any
real money now. There are hundreds of brokers across the world that provide
MT4. Now selecting a broker is a bit of a skill in itself you've got to understand
things like licensing and regulation, whether you money is separated, spreads,
executions, deposits and withdrawals etc etc. Now a lot of brokers who I see people
use who I would never trust my money with. Every broker that we use that has
MT4, we have live accounts and we have tested and trust them. We have quite large
accounts for them all in fact. Now you can find the brokers that we
recommend for you to open your demo account with by clicking on this card
just above my finger and it will take you to our website. And once you open
that demo account you'll be able to log in with us and access the full features
of MT4 to begin your learning. Once you have your logon information - If you've
had any issues with that, then contact the brokers support and I'm sure they'll be
happy to help you get that - There are two ways to log on now the first way is
looking in this bottom right-hand corner. Now you can see here where it says we
have no connection and has some red bars. That means we're not logged in to
our account, so you can click that and have a look at this pop-up here
and log into it, but a more common way to do it is to go to the top left where it
says file. Now once you've selected file you scroll down to log in to trading
account. You click that and then it brings up the Metatrader 4 terminal. Now
you put in your login information in the log in, you obviously enter your password
and then you make sure you select the correct server. Now you can see here we
need to select Trade Tech Markets practice and you can also select save
account information to save you messing around doing it in future. Now once we've
done that we select login and after a while you'll see everything come to life.
You can see in the bottom right hand corner we have green bars instead and
data transfer, and we also have these deal tickets come up. Now your broker may
look slightly different to this, but essentially you're going to start seeing
the charts come alive. You're going to see flashes as the price changes and
you're also going to get a couple more options in this bottom left which are
basically showing you what your demo account stands at in terms of the
theoretical money that you have to trade with. Now I don't know if you like me but
lots of tutorial videos make me lose the will to live because they either
spend too much time on things that you're never going to use or on things that
are so basic and obvious it can be covered once and in about 10 seconds. I'm
not going to spending two minutes teaching you how to draw a vertical line
on a chart, so basic things that you should be able to grasp straight away
they're going to be covered very quickly. So let's have a look around the platform
and have a look at some sections to begin to get an understanding of it. Now
at the top we have our drop down menus. We have file, view, insert, charts, tools
window and help. Starting with file the only thing you
really need to know at the moment is how to log into your account which we've
already done. I wouldn't worry about anything else at the moment. Now view is
quite important. You can change your languages if English isn't your first
language. There's a huge range of languages so I'm sure you'll be able
to find which one you prefer. Now if you come down here you have a shortcuts for
the main window. You've got market watch, data window, navigator, terminal and strategy
tester. You also have the keyboard shortcuts as well. Now if you want to
learn those or not is up to you. It's not as comprehensive as something like
Photoshop where you've got hundreds of keyboard shortcuts so you know it shouldn't take
you too long to learn those. Now viewed quite important as well because
inevitably you will do something like close your market watch tab and you'll
want to know where you can get it back. So you can have a press ctrl and M or you
can come to view and just select it there. Insert deals with your indicators
if you want to apply a technical analysis to the chart you can see
they're all here. The most popular ones are at the top and then you've got lots
and lots to select from. We'll be having a look at those in a later video in the series.
Lots of custom ones and you can also load custom indicators into MT4 as well
if they're not on that list. Again something I'll be showing you later o.n
Then you have your lines. Your vertical horizontal trend lines, channels or
Fibonacci. Also Gann lines, Fibonacci on its own, shapes to put on
your chart such of rectangles, arrows and triangles if you want to define
a wedge, for example. Arrows as well. Now the good thing about MT4 is you can
annotate your charts quite heavily. You can add text on them as well. As you can
see here text and text labels so you can have quite detailed charts and you're
going to get out of these charts what you put in. So again we'll have a look at
that later when we look at charting, but there's a whole host of options you can use
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You can then go to your chart list as well and select bar, chart candlesticks or line charts.
Pretty much everyone uses candlesticks that's exactly what I'll be using so you can
select that now. You've got your different timeframes. 1 minute, 5 minute,
15 minute, 30, hourly, four hourly, daily, weekly, monthly etc. Then you can have
different templates as well. we'll look at templates in a bit more detail later on.
You can have a grid on, volumes, shift your chart as well zoom in and zoom out. So lots
and lots of different things as well. Tools I'm wouldn't worry about too much at the
moment. Window you can just look at different arrangements, for example if
you want to cascade your charts like that you can do it. I don't know why you'd want to
do, it looks stupid. You can tile your charts just as we were doing there
You can tile them vertically. So you have options for different setups on your
window, and help I wouldn't worry about. I've cascaded again like idiot.
Help I wouldn't worry about too much at the moment - tile windows, that's what I
want - Help I wouldn't worry about too much other moments I would ignore that.
So that is the drop-down menus that you can see here. Now moving on we then have
these subsections here which are basically just shortcuts to the
drop-down menus. We can create a new chart throughout a range of different
instruments or Forex at the moment.
So if you want a new chart, for example on the dollar Swiss franc we can open that
there. It becomes a blank chart and then we can get rid of that and not worry about
it anymore. We also have shortcuts for our profiles,
don't worry about that at the moment. Now this brings up our data window again
it's just a shortcut from the view section so we're not too bothered about that. And
again, these are all just pretty much shortcuts of the view section here that
you can see. These are basically called context menus I believe. That's a
back-testing one as well there. So just fiddle around for these at the moment
and just see what they do take a bit of time just to press these different
buttons in these sections have a look at your insert menus and have a look at
what they do. we don't worry about placing a new order
at the moment, in fact it's not even on the right screen, I'll drag it to the
right screen, but we'll have a look at that in more detail later. And then we
have some ones that we don't need to really worry about at the moment this
one is quotes, register, a virtual server, register as a signal account, enable
automated trading etc. Ones that you will be using quite a bit are changing these.
Just change them all to candlesticks. I mean I never ever use barcharts.
Another thing I always do is get rid of the grid as well. You can
right-click on a chart and you can get rid of
this grid. I was find it pretty distracting. Or on your keyboard shortcut
you can press ctrl + G, and that gets rid of the grid as well. I find the grid
pretty distracting so I will always get rid of that, and from now on you won't
see it of a grid. You can zoom in to charts and zoom out of charts, and this
is just a shortcut to tile. Now these two are quite interesting as well. So if you
have a chart, for example, and you end up scrolling back and you want to get back
to the latest tick, you can just click that one here, scroll to the chart for
into the incoming tick. And if you want a bit of a gap towards the right-hand side
of the chart then you can click this one. It gives you that there. So it just gives
you a little bit room to work. That's how I tend to have my chart set up so I'll go
through them all. I would generally add that one there as
well. So your charts that looking to take shape and start looking a little bit
more neat. Now here we just have basic crosshairs
and curses if we want to highlight something and drag it have a look at
whose value etc etc, then we have our line so you can draw vertical lines or
horizontal lines or angled lines on the charts. In fact I mean that chart is a
little bit bigger. You can make charts bigger and smaller by these pretty
standard maximize and minimize boxes. I'm not going to show you how to use those I'm
pretty sure you'll be able to. You can pull Fibonacci retracements and things
like that using this. Or we can add text labels and things to start
annotating our chart. So again, not going to go into too much detail about charts at
the moment because we're going to have a look at that a little bit later.
Now again, while staying in a particular chart. Any chart that you are
highlighting will be the one that is affected by the actions that you take. So
for example I've highlighted this dollar Swiss chart, and this is a time frame box
here so I'm changing from, one minute, to five minutes, to 15 minutes, 30 minutes etc etc so
different time frames in that respect. So just again have a little play around of
all these things. Your drop down menus and all these shortcuts here. Get a feel
for them. They're pretty simple. Now moving on here we have this market watch
box which is where we can place all the different things that we want to trade
and if we right-click on those, we could potentially place orders
on there. The shortcut is F9 so that's pretty much the main thing we need to take from
there. The two things are from this context menu are the new order that we
can press with F9. So we can place an order, or we can get a new chart. If we
want to assess that market. So continuing to look at the market watch section
we'll just expand it out a tiny bit. You may say to me, "Simon, I hate all those
instruments. I hate the dollar yen especially I lost all my money on that
piece of crap, how can I trade something I actually like and can make money on?"
Well don't fear because of two ways you can do that. You can either right-click
and select symbol. Or you can press ctrl + U. And then that will bring up all the
available instruments with this particular broker whether you want to
trade the Dow Jones Industrial Average, which I'd recommend you do because it is
a goldmine for money, or if you literally want to trade gold, then you could go to
metals for example and click gold here. And then you can do all the usual things
on those. You can right click and create an order. You can right click and create
a chart etc etc so just remember that. Right-click symbols if you don't see
what you want to trade already. So you now know how to log into your MT4
account, and you also know how to navigate yourself around the platform.
Now that provides the foundation for us to look at more exciting and more
advanced aspects of MT4. So what you need to do now is click the next video in this series
*Click the next video in this series above*