Brief Introduction
Learn Forex Trading secrets with MetaTrader 4. Learn to be successful in Forex Market with practical examples in MT4Description
MetaTrader 4 is the most popular trading platform developed by MetaQuotes Software for online trading in the various instruments in the foreign exchange market today. MT4, is the most commonly used electronic trading platform since the demo version is freely downloadable by any browser.
Meta Trader 4 is the most user friendly software as it is both screen as well as keyboard based. The MetaTrader 4 Application Program Interface allows the user a lot of freedom to customise strategies. No two MT4 interfaces would appear the same as you can modify the Server API, Manager API, DataFeed API ,Report API and the WebServices API.
The licensed software is purchased by foreign exchange brokers who provide the software to their clients once they open trading accounts with these brokers. The server is managed by the broker and the client software is provided to the broker’s customers for trading. MetaTrader provide 2 types of trading orders a. Market Orders which trade at the current market price and Pending orders which are trigger based at a predefined level. As the final user you should know which execution model is being used by your broker. A survey conducted revealed that 41% users did not know whether it was Instant execution, Request execution, Market execution or Exchange execution mode. This course would give you a complete description of the order management process with examples. To draw an analogy it would be like a patient mentioning that they are not aware whether it is alopathy, ayurvedic, homeopathy or naturopathy treatment being given to them.
The complete MetaTrader 4 package includes the following components:
MetaTrader 4 Client Terminal consists of the following windows namely Market Watch window, Data window , Navigator window, Terminal window and Strategy Tester window. The user can work on these windows by opening a demo account, contest account or real-time account.
MetaTrader 4 Mobile – As a globe trotting professional the mobile phone is your connect with the world. With WI-fi connectivity being available free in various countries trying to prove themselves at the best technology based nation trading it at your fingertips.
MetaTrader 4 Server – Better server management and up-gradation is the crux for any software today and this is the cutting edge which offers better service quality.
MetaTrader 4 Administrator– With System administrators providing 24/7 support , the MT4 is designed in a manner to remotely manage the server settings.
MetaTrader 4 Manager– Since Microsoft .NET is very popular libraries in the .NET framework can be used to interface with the MT4 Manager.
MetaTrader 4 Data Center– Cloud Infrastructure and Operations helps to get quotes quickly and is the link between the server and the final use.
MT4 Products:
The various markets that the MetaTrader 4 package caters to are
Foreign Exchange Markets
Spread Betting Markets
CFD Trading Markets
Metal Trading Markets
Requirements
- Requirements
- Basic Knowledge of Foreign Exchange markets and products
- Passion to learn about MetaTrader 4 Tutorials
Institute of Investment Banking
3 Raiting
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