A Beginner’s Guide to Using MetaTrader 4 for Mac

MetaTrader 4 is an acclaimed platform that can be used for analyzing the markets, and for trading. To the Mac users, the platform provides the best experience to trade as it makes the process fast and successful. Even if you are a beginner in trading or just starting your trading activity on MetaTrader 4 for Mac this guide will provide essential information to make correct actions.

The first procedure is to download MetaTrader 4 for Mac operating system. Go to the website of the broker that works with this platform and search for the Mac OS version. When it is done downloading, you go to your Download folder and right-click the installer and select open. The installation process itself is very simple, just follow the on-screen prompts and the platform will be installed on your Mac in 5-10 minutes.

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After installation, you can start using the platform by double-clicking its icon in the Applications folder. Your next screen will be a login screen where you will be able to utilize the login details your broker offered you. This means that if you have not registered with the broker you can register through the broker’s website. After login; real time market prices and trading facilities will be available.

MetaTrader 4 for Mac is user-friendly and easy to navigate thanks to its well-organized interface. These divisions are Market Watch window, Navigator and Chart section. In the Market Watch window, several tradable instruments are available for viewing, including their bid and asking prices. The Navigator enables you to work with your accounts, indicators, and Expert Advisors. They consist of the chart area that enables users to observe price fluctuations and to use technical tools.

To place a trade, right click on any instrument on the Market Watch window. Select the open order tab and then click on the new order option to generate the order form. Here you can define quantity, trade volume, add stop-loss and take-profit points as well as decides which type of order you would like to make. When you are content with the locations leave it and click on the buy/sell button to complete the trade.

Technical analysis is inevitable when trading, and MetaTrader 4 for Mac contains a vast list of integrated indicators. To add an indicator to a chart, you simply go through the “Insert” menu on the chart bracket and choose the applicable tool. These, therefore, include the moving averages, the MACD and RSI for purposes of recognizing trends in trading.

It is a wise decision if you are a beginner to trade since you can get a feel of what the market feels like without investing your real money. This application, MetaTrader 4 for Mac allows you to trade using virtual money through a demo account. This also means that you are able to practice on it, find out how to manipulate it and make a trial of your strategies before going into a live account.

Knowing all the features and tools of MetaTrader 4 for Mac, will make you more confident and start your trading with MetaTrader 4 for Mac right. The simplicity of the platform’s design coupled with the power packed features makes it appealing for those who are new in the market.