How to setup MT4

Step-by-step guide on how to setup your MetaTrader and how to start using it.

What is MetaTrader 4 (MT4)?

Step-by-step guide on how to setup your MetaTrader and how to start using it.
MT4 allows traders to do the following:

Create an account with a broker

Step-by-step guide on how to setup your MetaTrader and how to start using it.
Now, don’t worry if you’re confused about which broker to trade with. We are here to help you every step of the way. Click here to find a list of brokers that have been vetted by the ForexSignals.com team.

Install the Software broker

Download the MT4.exe by clicking the button below. Agree to the terms of the license agreement and click ‘Next’.
When the installation is successfully completed, click the finish button to exit.

Creating a MetaTrader 4 Account

Once you are done installing your MT4, click on the application to get started. A small window, also known as the server window, will pop up asking you to create a demo or real account.
Choose the option you wish to proceed with and click ‘Next’. Your username and password will be automatically generated for you by your chosen Broker. You will get these sent to you via an email. These credentials are the entry key to your trading account. Afterwards, you will be asked to provide a copy of your ID. Don’t be alarmed, this is absolutely normal and everyone has to provide this to continue. Once you have uploaded your ID and confirmed the registration, you will be asked to make a deposit into your MetaTrader trading account

Deposit Funds in your MetaTrader Account

Once your broker and MT4 account have been created, they will automatically be connected at the MT4 trading platform and the funds you chose to deposit will be displayed in your MetaTrader account. Please note that the deposit may sometimes be instant, but can also sometimes take a couple of days. It all depends on the broker you decide to use. For example, if you decide to deposit $50,000 in your trading account, this is what you are going to see on the MetaTrader 4 platform.

Creating a MetaTrader 4 Account

On your right, you can see an example of a ready-to-go MetaTrader 4 platform.We know, we know. With so many tabs, windows, and buttons, the MT4 platform can look a little bit intimidating if it’s your first time using it.

But don’t worry, it won’t bite! Besides, we’ll be holding your hand through the entire process and go nice and slow. We’ll start with the 4 main panels of the MT4 platform: