1. How To Place A Trade With MetaTrader 4 - Introduction
  2. How To Place A Trade With MetaTrader 4 - Main Screen
  3. How To Place A Trade With MetaTrader 4 - Placing An Order
  4. How To Place A Trade With MetaTrader 4 - Modifying An Order
  5. How To Place A Trade With MetaTrader 4 - Closing An Order

MT4's main screen is comprised of five primary sections. It is helpful to become familiar with each section prior to placing any trades. The center of the screen is where the various price charts appear. By default, MT4 opens with four price charts. However, traders can have a different number of charts if desired. The Toolbars, populated with many icons, are located at the top of the screen. On the left side of the screen is the Market Watch window, which lists a variety of currency pairs and their bid and ask prices. Two tabs appear at the bottom of the Market Watch window. One is called Symbols, which shows a list of currency pairs, and the other is labeled Tick Charts, which can be selected to show the most current price activity of any of the currency pairs.

Below the Market Watch window is the Navigator window. Here, traders can view their account(s), as well as a variety of indicators, Expert Advisors and Scripts. The Terminal appears at the bottom of the screen with six tabs: Trade, Account History, Alerts, Mailbox, Experts and Journal. The Trade tab is where open orders and trades can be viewed, including the symbol, trade entry price, stop-loss levels, take-profit levels, closing price and profit or loss. The Account History tab lists all of the activity that has occurred, including closed orders. Figure 1 shows the different sections of the MT4 screen.

Figure 1 - The different sections of the MT4 main screen.

How To Place A Trade With MetaTrader 4 - Placing An Order

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