Metatrader 4 (MT4) is an electronic trading platform that is designed for online trading. It is widely used by forex brokers and traders worldwide for technical analysis, algorithmic trading, and mobile trading. MT4 is available for Windows, OS X, iOS, and Android operating systems. In this article, we will focus on Metatrader 4 Iphone/Ipad ios and provide a beginner’s guide on how to use it.
Download and Install MT4 for iPhone
Before you can use MT4 on your iPhone, you need to download and install the app from the App Store. Search for “Metatrader 4” and tap the “Get” button to download and install the app. Once it’s installed, open the app and create a new account or log in using your existing MT4 account credentials.
Familiarize Yourself with the MT4 Interface
When you first launch MT4 for iPhone, you’ll be presented with the interface, which is divided into four main sections: the Market Watch, Charts, Trade, and History. The Market Watch section shows a list of available financial instruments that you can trade, while the Charts section displays the price charts for the selected instrument. The Trade section allows you to open, close, and modify trades, while the History section shows your trading history.
Monitor the Market with MT4 for iPhone
One of the key features of MT4 for iPhone is the ability to monitor the market in real-time. You can view the current bid and ask prices for the selected instrument, as well as the price chart with various technical indicators and drawing tools. You can also set up price alerts to notify you when the price reaches a certain level. Additionally, you can view news and economic calendar events directly from the app.
Place Trades with MT4 for iPhone
Another important feature of MT4 for iPhone is the ability to place trades on-the-go. To do this, you need to select the financial instrument you want to trade from the Market Watch section and tap the Trade button. You’ll then be presented with the New Order form, where you can enter the trade parameters such as the trade size, stop loss, and take profit levels. Once you’re ready to place the trade, tap the Buy or Sell button, depending on your trading strategy.
Manage Your Trades with MT4 for iPhone
MT4 for iPhone also allows you to manage your trades from anywhere. You can modify your existing trades by tapping the Trade button and selecting the Modify Order option. From there, you can adjust the stop loss or take profit levels, as well as the trade size. You can also close your trades by tapping the Close button and selecting the trade you want to close.
Conclusion:
In conclusion, MT4 for iPhone is a powerful tool that allows forex traders to trade on-the-go. By downloading and installing the app, familiarizing yourself with the interface, monitoring the market, placing trades, and managing your trades, you can take advantage of the many features and benefits of this platform. Whether you’re a beginner or an experienced trader, MT4 for iPhone is a must-have tool for your trading arsenal. So, go ahead and give it a try!