"The woman is opening a real account on Metatrader 4 platform."
MetaTrader 4 specifies a platform of online trading in forex and future markets. It is commonly known as MT4. This platform allows traders to analyze market movement, price fluctuation and initiate & manage trades. In addition, traders can also employ different automated techniques to understand market movement and make efficient trades. In this article, you will get to know about MetaTrader 4 real account and how to trade in live account.
How to open live account in MetaTrader 4?
Before opening an account in MT4, traders have to download this platform in their computer system. Many brokers offer this facility, and they associate their services to manage trading processes. After installation of this platform, traders have to fill up different fields like name, country, currency, zip code, desired leverage and much more. You have to click on ‘I agree to subscribe to your newsletters’. Then, click on ‘Next’ to complete the process.
The submission of this information will create a demo account. Traders can practice demo trading that suggests no risk of real money. In order to open real account MetaTrader 4, traders have to meet with the broker to fund their trading account. Once the account is successfully created, the real market data will be automatically shown on price charts.
Different sections of MetaTrader 4 real account:
Whenever you open the terminal to see real-time data of the forex market, you will see different sections. It will cover toolbars, market watch, navigator and terminal.
Below the menu bar, traders will see different tools (icons) like ‘zoom in’ and ‘zoom out’ to analyze the market in a specific way.
Market watch is the window where users can see the information of different currency pairs as per the market flow. It will help in initiating your position and tells whether to trade or not.
In the navigator section, you will get different options to optimize your analyzing procedures. It helps users in understanding the real market movement in a better way.
In the terminal, the traders can see different tabs like account history, trade, mailbox, alerts, journal and experts. This will help you in going with the process of real-time trading.
How to make trade in MetaTrader 4 real account?
Traders who have completed all the installation processes and funded their accounts can trade online. In order to trade, you have to analysis different charts that will be seen in the main window of the platform. With a proper investigation, you can initiate your position in any particular currency pair.
To trigger the trade, you have to go to the terminal and look for ‘trade’ tab. When you click on it, you will be asked to input the value where to trade that includes trade entry price and closing price. Traders who are willing to put stop order and limit orders can set at this time.
To view the history of your trades, you can click on ‘account history’ tab. It will show all the data including closed orders of your MetaTrader 4 real account trades.