Tips For Beginners To Start Trading On MetaTrader 4

MetaTrader 4 (MT4) is undoubtedly one of the most popular and widely used trading platforms in the world. Previously it was launched as a powerful forex trading platform but MT4 can also be your trading space for other assets like stocks, crypto and commodities. However, we can’t deny the fact that the first thing that comes to our mind when we hear MT4 is forex trading. Now talking about using MT4 as a beginner, the initial phase can be a bit challenging. You will need some time to get used to the software and its tools but the beginner-friendly platform will let you navigate with ease no matter what. 

Trading Account

Today, we will be sharing some useful tips for beginners to start trading on MT4, covering everything from demo accounts to live accounts, adding money to MT4 and withdrawing your funds, we will share all the basic information that you would need for starting off your trading journey with the traditional MT4 platform. 

Why is MT4 Beginner Friendly?

MetaTrader 4 (MT4) is considered to be beginner-friendly for a variety of reasons. First of all, it has a user-friendly interface that is easy to navigate, making it simple for beginners to start using it right away. The platform is designed to be intuitive, with clear and concise menu options, making it easy to access different features without getting lost in a sea of options. Additionally, MT4 offers a range of customizable charting tools that allow traders to analyse the markets in real-time and make informed trading decisions. Visit site,if you are looking for more details regarding metatrader 4 download.

Secondly, MT4 is widely used and supported by a large community of traders, brokers, and developers. This means that there are a plethora of online resources, such as forums, tutorials, and guides, available for beginners to learn from and expand their knowledge. Additionally, the platform supports automated trading through the use of Expert Advisors (EAs), which are customizable trading algorithms that can be programmed to execute trades based on predefined criteria. This makes it easier for beginners to automate their trading strategies and reduce the risk of making costly mistakes. Its popularity and widespread adoption also mean that there are plenty of opportunities to learn and grow as a trader.

How to Set Up a Demo Account in MT4?

To set up a demo account in MT4, you first need to download and install the MT4 trading platform from a broker’s website that offers demo accounts. Once you have installed the software, launch the platform and click on the “File” menu at the top left corner of the screen. From there, select “Open an Account” and then “Demo Account.” Next, fill out the registration form with your personal details, including your name, email address, and preferred login and password information. Once you have completed the form, click on the “Next” button and follow the on-screen instructions to finish setting up your demo account. 

After you have successfully set up your demo account in MT4, you can begin practising your trading skills without risking any real money. The platform will provide you with a virtual balance of funds that you can use to place trades and experiment with different strategies. You can also access a range of tools and features that are available on the platform, such as charting tools, technical indicators, and automated trading systems. This will allow you to get a feel for how the platform works and how you can use it to make profitable trades in the market. By practising on a forex demo account, you can gain the confidence and experience needed to succeed in live trading.

How to Open a Live Trading Account in MT4

In order to open a live account, you will have to choose a reputable broker that offers MT4 as a trading platform. You can find a list of brokers by doing a simple internet search or by asking for recommendations from other traders. Once you have chosen a broker, visit their website and fill out an account application. The application will require personal information such as your name, address, and contact details. The broker will also ask for valid ID proofs. After submitting the application, the broker will review and approve your account. Then, you will receive the login credentials by mail. After your account gets activated, you can login and start trading after depositing funds. 

Steps to Add Money to MT4 Account

Adding funds to an MT4 account is a necessary step for traders who want to start trading or increase their trading capital. Here are the steps to add money to an MT4 account:

Step 1: Log in to your MT4 account and click on the “Deposit” button.

Step 2: Choose the payment method you want to use, such as a credit card, bank transfer, or e-wallet.

Step 3: Enter the amount you want to deposit and fill out the required information, such as your card details or bank account information.

Step 4: The funds will be credited to your MT4 account, once you confirm the transaction. 

It’s important to note that the process of adding funds may vary depending on the broker you’re using and the payment method you’re using. Make sure to check with your broker for specific instructions on how to add funds to your MT4 account. Additionally, it’s always a good idea to only deposit funds with a reputable broker to ensure the safety of your funds.

Steps for Withdrawing Funds From MT4 Trading Account

To withdraw funds from your MT4 trading account, you need to follow a few simple steps. You can just click on the “Withdraw Funds” option after logging into your account. You will then need to select the payment method you prefer, such as bank transfer or credit card, and enter the amount you wish to withdraw. You may be asked to provide additional information, such as your bank account details or identification documents, to complete the withdrawal process. Once you have submitted your withdrawal request, it will typically take a few business days for the funds to be transferred to your account.

It is important to note that some brokers may have specific withdrawal policies or fees, so it is always a good idea to check with your broker before initiating a withdrawal. Additionally, it is crucial to ensure that you have sufficient funds available in your trading account to cover any open trades or positions before withdrawing funds. Withdrawing funds that are needed to maintain open trades can result in those trades being closed, potentially leading to losses. 


With that, we are wrapping this write-up and hope that we have shared some powerful tips that can help you as a beginner using MT4. The platform is comparatively easy to use and perfect for newbies as it doesn’t have a lot of complex tools or features that can confuse you. But at the same time it has all the essential features that an average trader would need for carrying out the trading process with ease. Just take your time to practise well on a demo trading account and learn about all the trading tools, so that you can use them well for a better trading experience. 

MetaTrader 5 Download for Windows: Step-by-Step Guide

For those who use windows as an operating system in their PCs and laptops, downloading the latest version of MetaTrader 5 is very easy as MetaTrader softwares is designed in a way to be fully compatible with windows systems. In fact, experts even suggest running the software with Windows as it gives the best ever user experience while trading. Now, the process of downloading and installing any software can be a bit tedious for those who are not tech savvy to begin with. So, we have made this step by step guide to make the process hassle-free for all beginners. 

MT5 Brokers

System Requirements for MetaTrader 5 on Windows

Before we get into the steps for downloading and installing MetaTrader 5 on windows, you should know about the system requirements for smooth running of the trading platform. So, here is a checklist that you can use for ensuring your system is fully capable of accommodating MT5 as a trading platform. 

  • Operating system: Windows 7/8/10 (32-bit or 64-bit)
  • Processor: 1 GHz or faster, with at least 1 core
  • RAM: at least 2 GB
  • Free disk space: at least 500 MB
  • Screen resolution: 1024×768 or higher
  • Internet connection: required for data feed and trading
  • Sound card: optional (for audio alerts)
  • Keyboard and mouse: required for navigation and trading
  • Administrator rights: required for installation and updates

Note that these requirements are subject to change depending on the version of MetaTrader 5 and the specific features you use. It’s always a good idea to check the official website or documentation for the most up-to-date information.

How to Download and Install MetaTrader 5 on Windows?

Step 1: Visit the MetaTrader 5 website: The first step for downloading the powerful trading platform called MT5 is visiting the MetaTrader 5 official website. Once you’re on the website, find the metatrader 5 download button for Windows and click on the “Download” button to download the installation file.

Step 2: Download the MetaTrader 5 installer: After clicking on the “Download” button, a pop-up window will appear asking you to save the installer file. Click “Save File” to download the installer to your PC. The file size is usually around 200 MB, so the download may take some time depending on your internet connection speed.

Step 3: Run the installer: Once the download is complete, go to your “Downloads” folder and locate the MetaTrader 5 installer file (MT5Setup.exe). Double-click on the file to run the installer. A window may appear asking for permission to run the installer. Click “Yes” to allow it to run.

Step 4: Accept the licence agreement:The MetaTrader 5 installer will open, and the first thing you’ll see is the licence agreement. Read through the agreement and click on the checkbox to indicate that you accept the terms of the agreement. Then, click on the “Next” button to proceed.

Step 5: Choose the installation location: The installer will then ask you to choose the location where you want to install MetaTrader 5. By default, the installer will choose the “Program Files” folder on your C drive. If you want to change the installation location, click on the “Browse” button and select a different folder. Once you have chosen the location, click on the “Next” button.

Step 6: Select the components to install: Next, the installer will ask you to select the components you want to install. By default, all components are selected. You can choose to deselect any components you don’t want to install. If you’re not sure which components to select, you can leave the default settings as they are. Click “Next” once you have made your selection.

Step 7: Start the installation: After selecting the components, click on the “Install” button to start the installation process. The installer will then start copying files to your PC. The installation process may take a few minutes to complete. Wait for the progress bar to complete.

Step 8: Launch MetaTrader 5: Once the installation is complete, the installer will ask you if you want to launch MetaTrader 5. Click on the “Launch MetaTrader 5” checkbox and then click “Finish” to complete the installation process. The MetaTrader 5 application will then open and you can start using it.

How to Find a Broker that offers MetaTrader 5 for trading?

Once you have installed MetaTrader 5, the next task is to find a broker to rely on for MT5 trading. There are some top brokers out there that offer MetaTrader 5, so it’s essential to compare the options to find the best one for your needs. When choosing a broker, there are several factors to consider. One of the most important is the broker’s reputation. Pick a broker that has a good reputation in the industry and also has a responsive customer support team to answer your queries. 

Another factor to consider is the trading conditions offered by the broker. You need to check if the broker offers competitive spreads, low commissions, and fast execution speeds. Also, make sure the broker offers the markets and instruments you’re interested in trading. While many brokers offer MetaTrader 4, not all of them offer MetaTrader 5. Make sure the broker you choose offers the platform you prefer. Alternatively, you can also do this step first as these brokers will be offering a direct MT5 download link on their website as well. The other steps that we mentioned above remain the same. 

How to Sign Up for a Trading Account?

After choosing a brokerage that offers MetaTrader 5, the next step is to open a trading account. This can either be a demo or a real account. The account opening process will vary depending on the broker you choose, but it typically requires providing some personal information by filling and submitting a registration form online. Once your account gets approved you will receive a confirmation mail from the broker and then you can login using the credentials provided.

How to Activate Your Trading Account by Adding Funds?

After opening a trading account, you’ll need to activate it by funding. The funding options will be different with different brokers, but most brokers offer several options along with minimum deposit requirements which needs to be met in order to proceed with trading. In case of demo trading accounts, you won’t have to deposit any funds as the broker will credit your account with virtual funds which you can use freely for a risk-free trading experience. One bonus tip that we want to give here is taking some time to customise and personalise your trading space to suit your trading style and preferences. 


After following the steps mentioned above, you can safely start trading on your MT5 platform. The process may be more or less the same for all windows versions but those who use older versions may have to check if the latest updates of MetaTrader 5 will be available to them before downloading the software. If you run into any problems during the download process, you can always reach out to the MT5 support team as they are always ready to help their users with any technical issues by giving a practical solution for all problems.  


Strategies and Tools: Enhancing Your Forex Trading Journey


In the vast world of finance, Forex trading stands out as being among the most fluid and dynamic industries. It’s a place that sees currencies from all over the world dance to a choreographed beat that is influenced by an array of variables including geopolitical issues as well as economic indicators. This complex dance offers a wealth of potential, and also comes with many challenges. Being a part of the Forex market without having the appropriate instruments is like travelling on the high seas with no compass. You could be lost in the waves of fluctuating currency. Read More