Additionally, mastery of trading is underpinned by delving into both fundamental and technical analyses. In the “Modify order” tab you can adjust all or several orders placed for one or several accounts. If only some of positions or orders should be modified, these particular positions or orders should be checked.
Stop Loss: the lifeline of every trader
In this tab, one can close a position by a counter position for all or selected accounts. Each connected account with open counter positions is displayed in a table line. If you don’t want to close a counter position for a particular account, uncheck the box with this account. To close a position, select it from the account’s popup positions list, then check a counter position in the list of opposite positions and press “Close”. A trading platform is a software that allows traders to place trades in the international financial markets and monitor their accounts with financial intermediaries.
Accessing MetaTrader with an Investor Password
- When you download MT4 from worldtradex, the MACD and Moving Average EAs are already installed.
- Switching between various accounts in MT5 has been made smoother and faster.
- The investment instruments tab, for instance, showcases assets earmarked for buying and selling.
- Our mission is to provide clients and partners around the world with the opportunity to become successful in the financial markets.
- Practicing on a demo account, mirroring a real account but with virtual funds, allows traders to gain trading experience without risking their own money.
- Several counter positions can be closed using the “Multiple Close By” tab.
Decision-making, especially related to opening or closing positions, becomes more complex when real money is at risk. The worldtradex MetaTrader 4 demo account replicates the real MT4 platform, including four trading windows and a choice of over 80 markets. The new terminal successfully combines great functionality, which allows effective handling of multiple accounts, with exceptional usability. The interface is similar to that of the MetaTrader 4 Client Terminal. It is very user-friendly, any traders already using the MetaTrader 4 Client Terminal can easily familiarize themselves with this new program within a few minutes. In addition to the free indicators provided by worldtradex, users also have access to the top 12 MT4 plugins.
To close counter positions for a particular instrument, press “Multiple Close By” button. An opposite position in relation to the given position is a counter position for the same instrument. If there is one or more counter positions among open positions, the selected position can be closed by the counter one.
MetaTrader 4 software will help you analyze the market from different angles. MT4 offers more than 50 different technical indicators for accurate and precise technical analysis. Using the indicators and applying them to charts, a trader can easily detect trends, determine volumes, spot various technical figures and much more. Novice traders are advised to study MetaTrader4 and get familiarized with its functions using a demo account. This way, you’ll be able to get a hold of the platform and its functionality, gain experience in analysis and in trading.
Multiple Close By
To do this, click on the “Login to Trade Account” tab and choose the broker’s registered server as a designated server. The MetaTrader 4 interface comprises an array of functional windows. The investment instruments tab, for instance, showcases assets earmarked for buying and selling. MetaTrader 4, developed by MetaQuotes Software Corporation, is favored among numerous Forex brokerage firms. Although its more advanced counterpart, MetaTrader 5, has emerged, it has yet to gain widespread adoption among traders.
Stop Loss: the lifeline of every trader
These plugins allow you to customize the MT4 platform according to your specific trading needs. Switching between various accounts in MT5 has been made smoother and faster. This seamless transition makes it easy to apply different trading strategies across multiple accounts.
Several counter positions can be closed using the “Multiple Close By” tab. Counter positions for all or some of the managed accounts can be closed using this tab. Every connected account that has open counter positions and every open position are displayed in table lines. If there is no need to close positions for an account, this account line must be unchecked in the table.
Multiple Close By
- In case of any disputes or issues, you can request your transaction records to protect your rights.
- When you download worldtradex MT4, you’ll receive a collection of free indicators.
- MT4 offers more than 50 different technical indicators for accurate and precise technical analysis.
- To understand how the platform works, it’s a good idea to take online courses and self-study trading theory.
- Novice traders are advised to study MetaTrader4 and get familiarized with its functions using a demo account.
- Expert Advisors (EAs/trading robots) are essential if you seek to automate your trading.
To delete a pending order, use the corresponding tab “Delete order”. In this tab, you can delete all or some orders for all or some of the managed accounts. + 5 types of trade volume distribution among accounts when placing a new order. The platform allows trading with several accounts at the same time without switching them. Once it’s installed, log in using your account https://worldtradex.world/ number and the password provided by your broker in a registration email.
However, the introduction of MT5 doesn’t mean that its predecessor, MetaTrader 4, became obsolete. Both platforms continue to serve different purposes and cater to different user preferences. The opportunities in the Forex market are unlimited and available to everyone. Achieving your goals requires smart money management and skillful trading decisions.