MetaTrader 4 Trading Platform

Once you have installed MetaTrader 4, logged into your trading account with Eightcap and successfully funded it, you are ready to start trading Forex, indices, Commodities, CFDs and more. To master the basics of trading you first need to learn how to place orders in MT4. Opening and closing trades, learning how to set Stop Loss and Take Profit, and taking advantage of MT4’s One-Click trading panel, are all essential skills for a new trader.

This article will help you to start placing and modifying your trades in MT4. If you are using MetaTrader 5, please read our MT5 article.

The MetaTrader 4 platform provides many features that help traders execute trades with reduced financial risk. The first and most important thing you can do is to carefully monitor your trades and margins. Attaching Stop Loss and Take Profit orders on trades is an option that most traders use to manage their positions without the need to constantly monitor them. Another way to manage trading risk is by placing Limit and Stop orders. In the worst case scenario, the margin call and liquidation level predetermined by the trading company will be activated.

This article will help you set Stop Loss and Take Profit in MT4. If you are using MetaTrader 5, please read our MT5 article.

Even if you’re new to trading you would have heard of the MetaTrader platforms. It is the most common trading platform offered by the majority of CFD providers. Developed in 2000, the MetaQuotes Software Corp has become one of the most used applications for financial institutions.

The MetaTrader 4 and the MetaTrader 5 both offer a variety of tools for its users, making them the most accessible platforms within the industry. However, there are some differences between the two which we will explore below.