How to Trade FOREX Using Metatrader 4 PC for Beginners by Mindfully Trading
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- Опубликовано: 14 окт 2024
- In this video, I share How to Trade FOREX Using Metatrader 4 PC, which is for free and for complete Beginners!
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As a beginner trader, I have been in the world of trading the stock market for only a few years and I love it. Previously a Warrior Trading student, I carried out the Pro class with Warrior Trading, and I focused on learning to day trade penny stocks, aka small caps stocks.
I have recently branched out from day trading the stock market, to trading the Forex market.
In this video, I share How to Trade FOREX Using Metatrader 4 PC, which is for free and for complete Beginners!
This video is a metatrader 4 Tutorial for complete beginners, and will help you to get started trading Forex for free using paper money. This is a great way to build your skills and strategy trading Forex in a risk free environment.
// TIMESTAMPS
2:16 About Metatrader 4
3:30 Create a broker account
5:40 Download mt4
6:50 Signing into mt4
8:05 Tour of metatrader 4 platform
11:24 Setting up charts
14:33 Adding chart indicators
18:58 Chart timeframes
19:31 Chart drawing tools
22:23 Placing an order
24:55 Placing an order - quicker method
26:40 Setting stop loss orders & take profit orders
OTHER TRADING VIDEOS
👉 Month 1 May recap Forex small account trader • Small Account Forex Tr...
👉 Trading Setup For Beginners - • Trading Setup for Begi...
👉 10 Trading Tips for Beginner traders • 10 Forex Trading Tips ...
👉 Tradingview tutorial for beginners • TRADINGVIEW TUTORIAL F...
👉 How to calculate Lot size Forex trading • How to Calculate Lot S...
👉 FX trader small account update - • Forex Trading Small Ac...
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👉 30 Day Forex Challenge - • 30 Day Forex Challenge...
👉 Trading Account Blown? Day Trading Small Account Update • Trading Account Blown?...
👉 My journey as a beginner day trader • DAY TRADING 📈 My Journ...
You will like this video if you are interested in:
forex trading
forex trading for beginners UK
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trading in the stock market for dummies
day trading penny stocks for beginners
warrior trading student
If you enjoyed this video, please LIKE and SUBSCRIBE for more videos! ✔️
Thanks!
Emily
Mindfully Trading -
// DISCLAIMER
This video is for entertainment and educational purposes only. I am not a financial advisor and I am not telling you where or when to take a trade. I express my personal opinion only. Trading financial markets involves risk. I am not responsible for any losses incurred due to your trading. I do not recommend any specific trade or action, and any trades you decide to take are your own
#forexforbeginners #forextrading
![How To Trade Futures For Beginners | The Basics of Futures Trading [Class 1]](/img/1.gif)
New to Forex I was having trouble but yo have answered all my questions on MT4 no more need to google. Thanks
Thank you glad it helped 👍
and its the last day of the year and im still watching your video..loving them :)
Yay! Thank you! 👍😉
Thank you for everything may Gid bless you❤
You're welcome 🙏🩷
this video was so helpful, best i have watched. Thanks
Thank you, so glad you enjoyed it 😉
Really enjoy watching your vids. Your honest approach is really appreciated.
Glad you like them! Thank you 👍
Meta trarer4 bahut kharb hai isme kav mat trading kare hame loss huaa hai tab bol rahe hai account maneger sara paisa le dubega shirf paisa lagane ko bolega or loss karba degi phir bolegi ki rikaver karba dege phir lagaye is tarh phir lagane per phir se loss karba degi aap kuch kar v nahi payega. Is liye yaha trading na kare
Oh wow, really insightful video Emily, As a beginner trading might seem a bit difficult so it is a good idea to do your own research, learn a trading strategy before you take personal decision
s.
Yeah it seems quite tedious for me, I have been in the trading field for the past 3 month and earned nothing yet , I need to establish a more solid education foundation with an expert directly to help me earn
Thank you, glad you found it useful!
Great thanks a lot, you really helped me, your accent a little bit hard to get but I hope... I'll learn 😁
very helpful, and so very well explained. thank you!
I'm glad it helped, thank you 😉
Important advice to every trader looking to start investing, make sure whoever you decide to work with is registered with the appropriate legal entity to handle your finances properly don't just hand your money to just anyone, for now starting with *Nicholas Alexander Kelly Strategy* is a secured way to start, researching on his strategy will put anyones mind at ease.
First I want to thank you for your very interesting videos. I have few questions; First, does MT4 software support a multi monitor configuration. Second, talking about the demo environment can you test some strategies using replay at a specific date and time or are working on current data image? Thanks again. Dan
Thanks Dan glad you enjoyed them! As far as I am aware, MT4 doesn't allow you to move charts onto multiple monitors, I use TradingView for my charts and MT4 on 1 screen for trades... I am not sure if you can replay trades with mt4 but i have used this backtesting with TradingView 😉
I have actually look for your video on my phone I watched your video on my pc it really help me to set up my mt4 on my PC I'm actually a beginner 🔰 I would like to learn how Forex really work can you please help .?
Hey I have answered your question in this Q&A video 👉ruclips.net/video/kS24OD29sLc/видео.html
Thank You Emily Great help!
Hello Emily, I noticed you created a Trading View video as well. MT4 and TradingView are they used separately ? OR do you use either depending on what you need to do ? Nice Video by the way.
Thanks in Advance
Yeah I use mt4 on my main screen for trade execution & management and I use TradingView on my 2 screens purely for charts 👍
@@MindfullyTrading thank you for your reply. I didn't know you could use the both of them concurrently. For two different purposes. Learnt something new.
I WAS TRYIING TO SEE THE ENTIRE VIDEO YESTERDAY BUT I WAS KIND OF BUSY AT WORK,THIS VIDEO ISVERY IMPORTANT TO ME "EMILY",BECAUSE I'M JUST STARTING TO LEARN HOW TO TRADE IN THE STOCK MARKET,I'LL BE WAITING FOR THE NEXT VIDEO EMILY,SEE YOU SOON(IN THE VIDEO OFF COURSE😇😇) AND THANKS!!👍👍👍👍
You're welcome! Thank you 👍😉
Thank you Emily, for all your help.
You're welcome 😊
Great video Emily, just what I was looking for. How do you detach charts from MT4 to have them on multiple screens? Thanks!
Thank you, I am not sure to be honest as I use TradingView for my charting and MT4 for my trade management. Here is a link that might answer your question but mentions downloading additional software... Alternatively, you could set up your screens to stretch the main screen onto your multiple screens. Hope this helps! admiralmarkets.com.au/education/articles/trading-software/how-to-display-and-detach-multiple-charts-on-metatrader-4#:~:text=However%2C%20this%20EA%20also%20allows,the%20MT4%20forex%20trading%20chart.
There is a market flow software which can be added as an expert advisor to MT4 called DeltaRiver. Ever used it? Just down loaded it and trying to figure out how to use it
Sorry haven't come across that one.
Really nice video here, I should try out this strategy as well
Thank you, the video is simply sharing the MT4 platform and an introduction to the software, hope it helps 👍
Hi is there a way to change the color of the terminal at the bottom? From white and gray to link black and blue or green etc?
Not sure. You will have to check the settings
Very informative
Thanks
Thank you. This helps so much. Joe
Very welcome😄
Great work Emily, I trade myself, having reasonable success and with that thinking of going from land life to canal life and I am super curious to know about your internet connection...are you using 4G or a near by Wifi as it looks as tho you have a permanent mooring. I'd be London based and will have to travel. Cheers Patrick
Thank you, I have a personal 4G/wifi with 3, it works great 👍
finally a mt4 video tutorial
Awesome video Jennifer. You made very simple and easy to understand
Hi there thank you for the good videos I was wondering are you a profitable trader now and if so how long has it taken you please and thank you in advance
You're welcome! Not yet I am still learning & developing and sharing the process 😉
Awesome video for new traders!
Glad you think so! 😉
Absolutely awesome, This is a very insightful information like *coach Mcourtney's* guides only you can reach her for direct coaching and pro strategies via mail; *mccourtney* @ accountant. com
thanks really helpful
My pleasure.
If you name template default everytime you open a window it will be modified without haveing to click on template
Thanks for the comment 👍
I see a lot of people using trading view when they're at home and MT4 on theirs phone when they're out. can you use both with the same broker and account? or are they just using TV for their analysis like you said you do?
You can integrate TradingView with some brokers but they have a limited amount available. I personally find it easier to use TV for analysis and mt4 for broker 👍
I was wondering about the various ways to close your trade.
Most investors will always tell you that there's no better time to invest in the financial market. I've been in to stock/forex trading for a while now, and I must say it really goes with great lost without the right strategies. I have gotten to the point where i understand that a good strategy is a key element of a long term successful trading, you maybe making wins at the beginning but within short period of time you start loosing all your trades,this results from little or no attention to the need for sustenance and consistency with the prevailing market structure. I've earned a total amount $298,750 for the past 4months since i started trading with Mr Jones strategies and working with his trading signals, honestly it's not really easy as a beginner to start trading on your own, I lost almost everything, But I'd say that I'm very lucky to have met Mr Jones who helped me to win, without any doubts I recommend you to contact him for help he is very honest and truthful trader.
(mrjonesrodriguez@gmail.com)
Thank you 🔥
You're welcome 😉
Hi Emily, have you got a template for a trading diary like the one you showed in this video? Thanks!
Hey I use the free journal with Tradervue along with my spreadsheets, here is a link; mindfullytrading.com/forex-trade-tracker-review/ 👍
@@MindfullyTrading thanks for the reply!
Yes Emily you're the best
Haha thanks! 😉
@@MindfullyTrading no problem, I think next should be a video on how to read things such as support and resistance, SMA/EMA, MACD, RSI etc :)
Cool video
How can I calculate how much I invest in a trade when I have 0,01 volume for example and leverage 1:30?
I only risk 1% per trade. Thats how i figure it out.
Can you take any profit made before it hits the "take profit " line ? thanks
Yeah you can 👍
Thanks for your reply 👍
Hey can you please make a video about changing the theme on forex trading
Hey what do you mean by changing the theme? The background colour of the charts? 😉
Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received me first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most.
(harrydonald364@gmail.com)
Awesome video!!!!!!!
Well done Emily! Do you know any calculators for MT4 that will pre-calculate the maximum possible loss should a SL be reached (including all the input variables such as leverage; margin; and lot size) on a trade?
Thank you, I created a video sharing a free lot size calculator. Here is the video; ruclips.net/video/UKrX9-UQj5g/видео.html... I also have a video coming out tomorrow sharing a risk calculator tool for MT4 which makes it easier to set up position size 👍
@@MindfullyTrading I cannot open the link you kindly advised me above. Can you double check it, please? Thanks Emily.
@@pelhamh How strange, apparently the link was too long lol here's a shortened link version; bit.ly/3oSwgG0
Why is the candlestick loading slow for daily traders
1nd! comment,, awesome tutorial Emily
Haha great! Thank you ☺️
Great video very informative .
Hey Simon, glad you enjoyed it! Thank you😊
Thanks Emily
Great video, thanks
Glad you liked it! 😉
thanks alot.
Thanks
very educative video
Glad you enjoyed it 🙏
✨👉 Don't forget to grab your free Forex trading plan here; bit.ly/2WKdrIN
🤩
madam how to open in full size chart to operate in full screen ?
Most investors will always tell you that there's no better time to invest in the financial market. I've been in to stock/forex trading for a while now, and I must say it really goes with great lost without the right strategies. I have gotten to the point where i understand that a good strategy is a key element of a long term successful trading, you maybe making wins at the beginning but within short period of time you start loosing all your trades,this results from little or no attention to the need for sustenance and consistency with the prevailing market structure. I've earned a total amount $298,750 for the past 4months since i started trading with Mr Jones strategies and working with his trading signals, honestly it's not really easy as a beginner to start trading on your own, I lost almost everything, But I'd say that I'm very lucky to have met Mr Jones who helped me to win, without any doubts I recommend you to contact him for help he is very honest and truthful trader.
Thnks
😉👍
Keeps telling me market is closed , when I select buy by market
Yeah it opens tonight 10pm GMT until then, you can't place orders 😉
@@MindfullyTrading OK , ILL Practice tonight then
Fab post ....🍻
Thank you 😉
What about SWAPS???
I haven't used that before...
@@MindfullyTrading You mean you never did hold a open position overnight?
Hi how are you?
👍🏻👍🏻👏🙏
😉👍
30min well spent.
Thank you, so glad you enjoyed the video 😉
u got me confused i didnt understand nothing at all
I just farted. Excuse me
Why do people that do tutorials always talk and move fast through the information and demonstration?
👎