02 Jul How To Use MetaTrader 4 Lesson #4 Beginners Forex
How To Use MetaTrader 4 Lesson #4 Beginners Forex Your First Trade
In this trend strategy that I have put together for you is really a where you’re going to have a lot of fun when you see how does strategy works and how simple it can be used to apply on any market forex stock Futures Bitcoin.
When I go into to the metatrader 4 platform and open up a chart, on any market that is traded in the Globe markets on any trading platform a lot of investors financial Traders use indicators to analyse the markets. In this way moving forward as a trader this is what professional Traders do.
By having an indicator or a group of indicators 2 gauge live price as it unfolds in front of you by using the technical indicators allows you to see a clear picture in terms of identifying a Market move where is quite possibly is going to move to next.
By using this technique you are able to identify possible targets and stops as in a swing low or high as you set up your next trade.
Professional Traders use these technical indicators to predict long term trades as well as Traders like me that use it as a day trader or swing Trader.
Advance Bonus 2 Will Be 2 Time Frames As A Day Trader 5-Min 1-Min
Advance bonus 2 will be 2-time frames as a day trader strategy 5-minutes time frame and the 1-minute has the entry time frame.
This is where it becomes even more fun when you use two different time frames this is going to do a lot in terms of the higher time frame giving you a market Direction overall. The power of the higher time frame will distinguish a lot of things for you you in terms of support and resistance lines trading zones swing high and swing low.
When you use the lower time frame execution time frame or your entry time frame to the market this will fine-tune the specific area to enter the market at a right time and also will tell you if it is negative to enter at a specific point giving you a better more accurate target like A Sniper, as in terms of a pro trader your entry.
And it even gets better bonus 3 and bonus 4 added to this super trend strategy I have for you is going to be even better super-advanced not only is it for a beginner it’s going to be a beginner/ advance strategy.
Not only will you be able to see it in front of your own eyes but this is a strategy that I have put together for you you that you can try out on a Demo account as I have explained on previous videos in this one to four in my serious, I am putting together and This Been video lesson #4 with all this great free bonus stuff I have put together for you when you try it out on a Demo account such as Turnkey Forex Free to download Demo accounts to get a feel of trading as a beginner or a great way to try out a new strategy as well, If you go to see that in a video lesson than #1 how to do as in download the demo account that you’ll be able to try out this strategy yourself and I am looking forward hearing your comments please come back and tell me how it is.
How To Buy Or Sell The Market Putting On Your First Trade
In this part of of the exercise you will discover how easy it really is to put on a trade when you go to trade on the mt4 platform the MT4 platform really is designed in such a user-friendly way at this stage if you have been following all my videos up to this present video less than 4 you would have discovered for yourself all the steps you need to take and get familiar with the mt4 platform so in this lesson I will go through in detail one the Trader panel how you can hit either a buy or sell and adjust your lot size just before you trade.
By having the trailer panel ready by clicking it takes only a split of a second and then you’re in the market long or short buy or sell.
When you buy or sell the market from the trailer panel that is called the market position entry.
The order type of trade entries into the market are as follows a limit buy, limit sell meaning once you place this order in advance price has to come to that specific price level where the limit order is before the trade is and becomes active.
The next type of trade entry is a stop buy order or a Stop sell order meaning when price considered price level you are looking for the market to continue in that direction in terms of a bullish market or in terms of a bearish market.
These are the three common styles of trading the market that gives you a lot of scope, in particular, whatever strategy or style of trader you are.
Downloading An EA or Expert Advisor To Your Data Folder On Your MT4 Platform
Then when it is on the data folder in the MT4 platform I will show you how to coffee and pasted onto a chart and the necessary things you need to check to have it active on your chart.
This expert advisor that I will be putting on the chart is my own design featured EA called New Destiny.
Which is a fully auto robot settings, semi-auto and manual trading as well as.