Metatrader 4 user Interface:

Lesson No 6

It is very important to be familiar with the user interface of any software to use it efficiently and effectively.  So today we will discuss user interface of metatrader 4 software.

When you open MT4 software, you will see following window:

This is the main interface of MT4 software, at the top of the window you can see status bar which shows your account number and type of the account, it also shows your broker name if you have registered with a any other broker than metatrader.  Account number and account type is highlighted in red box above.

Green box is menu bar which contains software main menu controls like, file, view, insert, charts, tool, window and help. It is shown in green box in the image above.  Then below this there may be one single or two rows of tool bar which have all forex related tools like different indicators, time and zoom tool, auto trading tool and many other tools.  It is shown in dark blue box.

In the main area of the window there are two portions one is market watch and other is graphs window.  Market watch contains list of all currency pairs, metal and other trading instruments with their as and bid prices.  Other part contains graphs window, you can select currency pair and drag it to graph window to see its graphs, you can increase or decrease number of graphs, you can arrange graphs in different arrangements.

At the bottom of the window there is a bar which will show your trades and trade history, it has some other components like news, mailbox, journal. Signals, code base, market  etc.  You can check these menus one by one to got familiar with all these so that you can use this software more effectively and efficiently.

You can download Ebooks for free and got more knowledge for Forex Trading.

FREE EBOOKS FOR FOREX TRADING

Which broker is best in Forex Market?

Lesson No 5

Mostly friends ask that which broker is best for forex trading, really very important question it is.  If you can't find a good broker you will face very hardships in your forex trading.  You must have to search for good trader who have following qualities / characteristics:

1. Lowest Spread
2. Maximum number of currency pairs
3. Easy methods to deposit and withdraw money
4. If you are religious and want swap free account then also search for a broker who offers swap free accounts
5. Who offers minimum deposit
6. Who offers bonuses for different programmes, like referral bonuses, contest bonuses etc.

You may search on the internet and check the authenticity of the brokers and select who suites you most.  There may be some restriction like few brokers are not available in your country or region, few brokers will not offer you local currency deposit and withdrawal, so you should have to cater all these requirements before registering with any broker.

What I searched and come to the conclusion is that FX TM is top level broker who has very good rating in the forex market, you can search its rating it is on the top of the list in Forex Brokers.  Even it offers referral bonus both to the referrer as well as to the person who is signing up with referral link.  You can earn upto 50 $ bonus by signing up from the link given below.

SIGNUP FOR FOREX ACCOUNT

After signing up from this you will have to complete few steps like provision of your identity documents and deposit of minimum 10$ for activation of your bonus.  After all these steps are completed you will be able to start trading without any hassle.

Online Support:

Most of the forex brokers offer online chat support to their traders.  This feature is very good as you can discuss any problem with the live chat support agents.  I have contacted support agents of different brokers are all very responsive but few of them have lesser knowledge while few are very competent in their job.

FX TM also have its mobile application which can be downloaded from the following and you can trade even from you office or car without any laptop or pc.  So please download it and install to have easy of access.

FX TM MOBILE APP