The Meta Trader 4 at Blackstone Futures is believed by most forex traders to be a brand that is gold standard for platforms for forex trading. The retail traders who happen to sign up with various brokers might have likely run into a platform for trading which is driven by the Meta Trader.
The Meta Trader 4 is relatively easy and intuitive to use. You can be able to start by going ahead and opening a demo account which will then allow you to try out the system without having to make a deposit. You simply have to provide a broker that utilizes Meta Trader platforms, your information which is personal which include your email and they will be able to forward to you the password and the login in opening a demonstration account.
A demo account utilizes demo money, allowing you to see the way the platform works with no risk to your real capital. You don’t have to be afraid to place several trades so that you are able to understand how to be able to execute and view and order your positions.
The first page you will come across when opening the Meta Trader 4, customizing it as your default page. You could want to observe the forex quotes along with the charts also. On the left side, you will find a quote sheet. It will show you a list of products which you can use to trade via the MT4 platform.
You can be in a position to double-click on the items on the quote sheet, bringing up an order page. It is there that you will be able to get a graph of a tick chart that comes together with the assets which you are planning to be able to trade. You will then have to fill in your volume, placing a stop loss and taking profit orders. It allows you to set your risk management before even placing your trades.
Additionally, you will be able to have a single click trading box in the side of the upper left which allows you to instantly be able to place a trade. You can then go ahead and place your trade by use of the market execution or the order that is pending. You can as well determine your trade volume. Below it, you will find the bid-offer spread. Being the market taker, you will be able to buy on the offer marked in blue and then sell on the bid marked in red
Go through the intuitive of the Meta Trader 4 and then go ahead in designing in giving you easy to access to the entire destination which is available on the platform. You can go ahead and customize your home page, seeing any page which includes your positions.
The demonstration account has a system tab on the left bottom that opens to the tab which is common, where you will be able to see the charts of the main currency pairs. You can decide to change that to see weekly, daily, or any period in the intra-day. You can be able to create various tabs that provide a view that you would wish to see.
There is a navigator which is above the tabs, allowing you to see indicators that are technical and experts’ scripts and advisors. The technical indicators allow you in performing analysis that is technical of various assets. An expert advisor happens to be a system which can be able to get back-tested to underperform the performance of a trading signal which is automated with time. Scripts ensure that you drive alerts as well as run trading scenarios which are automated.