Gone are the days when traders were confined to their desktops or laptops for executing trades. With the advent of mobile trading, traders can now place trades anytime and anywhere, even while on the go. One of the most popular trading platforms among forex traders is MetaTrader 4 (MT4), which is available for both desktop and mobile devices. In this blog post, we will discuss how to use MT4 on your iPhone to trade like a pro.
Downloading and Installing MT4 on iPhone:
The first step in using MT4 on your iPhone is downloading and installing the app from the App Store. Once you have downloaded it, open the app and login with your account details. If you don’t have an account yet, you can easily create one from within the app.
Customizing Charts:
MT4 allows traders to customize charts according to their preferences. You can choose from a variety of chart types such as line, bar, or candlestick charts. You can also adjust chart timeframes from one minute to one month depending on your trading style.
Using Technical Indicators:
MT4 offers a wide range of technical indicators that can help traders make informed trading decisions. These indicators include Moving Averages, Relative Strength Index (RSI), Bollinger Bands, and many others. Traders can add these indicators to their charts by simply tapping on the “Indicators” button at the bottom of the screen.
Placing Trades:
Once you have customized your charts and added technical indicators, you’re ready to place trades using MT4 on your iPhone. To do so, simply tap on the “New Order” button at the bottom of the screen and select whether you want to buy or sell a particular currency pair. Then adjust your position size, stop loss, and take profit levels, and tap on the “Place Order” button to execute your trade.
Managing Trades:
MT4 on iPhone allows traders to manage their trades in real-time. You can monitor your open positions, modify your orders, and close trades at any time from within the app. To do so, simply tap on the “Trade” tab at the bottom of the screen and select the position you want to manage.
short:
In short, using metatrader 4 for ios can be a game-changer when it comes to trading forex. With its intuitive interface and powerful features, traders can easily execute trades on-the-go and stay on top of market movements. Whether you’re a seasoned trader or just starting out, using MT4 on your iPhone can help take your trading to the next level. So why wait? Download MT4 for iOS today and start trading like a pro!
