Beginner's Guide To MetaTrader 4: Installation
AAA
  1. Beginner's Guide To MetaTrader 4: Introduction
  2. Beginner's Guide To MetaTrader 4: Installation
  3. Beginner's Guide To MetaTrader 4: Basic Navigation
  4. Beginner's Guide To MetaTrader 4: Setting up a Trade
  5. Beginner's Guide To MetaTrader 4: Advanced Features
  6. Beginner's Guide To MetaTrader 4: Tips and Tricks
  7. Beginner's Guide To MetaTrader 4: Conclusion

Beginner's Guide To MetaTrader 4: Installation

By Jean Folger

The MetaTrader 4 program can be downloaded directly from MetaQuotes Software's dedicated MT4 web site (metatrader4.com) or through any of the large number of forex brokers that offer the program. Installation only takes a few minutes with a high-speed Internet connection. After clicking on "Download", a MetaTrader 4 Setup window will appear, as shown in Figure 1. Read the license agreement, and then click "Next" to begin the installation.

Figure 1: The MetaTrader 4 setup window appears after clicking "Download."


A new window, shown in Figure 2, will appear, giving the trader the option to accept the default installation folder or specify a different one. There are also options to create a desktop shortcut and to launch the program after successful installation. By default, these options are selected; simply click the box to uncheck the selection. Click "Next" to continue. (For related reading, see How To Become A Successful Forex Trader.)

Figure 2: Selecting an installation folder.


A new window will appear (Figure 3) that shows the installation progress. Once all the tasks have been completed, click "Next" to continue.

Figure 3: Installation progress.


Following successful installation, MT4 will launch with its default parameters, as illustrated in Figure 4. A pop-up window will appear, prompting the trader to open an account. Fill in the fields for name, country, state, city, zip code, address, phone and email. Select the account type, currency, desired leverage and hypothetical deposit from the drop-down menus. This account will automatically be a demo account – where traders can practice using the program without risking real money – unless the trader has opened and funded a trading account with a forex broker. "I agree to subscribe to your newsletters" must be selected in order for the "Next" button to appear. Click on "Next" to complete the process. Once the account has been successfully created, the data will automatically begin to update, and the price charts will come to life. (For related reading, see Top 4 Mistakes That Cause Futures Traders To Fail.)

Figure 4: After successful installation, the MT4 program will launch and prompt the user to open an account. The "I agree to subscribe to your newsletter" box (here, in the yellow ellipse) must be checked to complete the installation.
Beginner's Guide To MetaTrader 4: Basic Navigation

  1. Beginner's Guide To MetaTrader 4: Introduction
  2. Beginner's Guide To MetaTrader 4: Installation
  3. Beginner's Guide To MetaTrader 4: Basic Navigation
  4. Beginner's Guide To MetaTrader 4: Setting up a Trade
  5. Beginner's Guide To MetaTrader 4: Advanced Features
  6. Beginner's Guide To MetaTrader 4: Tips and Tricks
  7. Beginner's Guide To MetaTrader 4: Conclusion
RELATED TERMS
  1. Exchange Traded Derivative

    A financial instrument whose value is based on the value of another ...
  2. Fintech

    Fintech is a portmanteau of financial technology that describes ...
  3. Indicator

    Indicators are statistics used to measure current conditions ...
  4. Intraday Momentum Index (IMI)

    A technical indicator that combines aspects of candlestick analysis ...
  5. Mass Index

    A form of technical analysis that looks at the range between ...
  6. Money Flow Index - MFI

    A momentum indicator that uses a stock’s price and volume to ...
  1. What does the underlying of a derivative refer to?

    Find out more about derivative securities, what an underlying asset is and what the underlying assets refer to in stock options ...
  2. How can an investor terminate a derivative contract?

    Read a brief overview about some of the different ways that derivatives traders can terminate their contracts early, including ...
  3. How can an investor profit from a decline in the real estate sector?

    Learn how investors profit from declines in the real estate sector by engaging in speculation methods such as short selling, ...
  4. What does it mean to take delivery of a derivative contract?

    Find out more about derivative contracts and what it means when the holders of derivative contracts take delivery of the ...

You May Also Like

Related Tutorials
  1. Mutual Funds & ETFs

    Top ETFs And What They Track: A Tutorial

  2. Active Trading Fundamentals

    Introduction to Stock Trader Types

  3. Trading Strategies

    Guide to Pairs Trading

  4. Trading Systems & Software

    Beginner's Guide To J-Trader

  5. Trading Systems & Software

    Beginner's Guide To CQG Integrated Client Trading Platform

Trading Center