I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].
General

How to Install MT4/MT5 Mobile App

MetaTrader that is loved by traders all over the world.
There are PC version and smartphone application (mobile app) version.

In this article, I will explain the installation steps and basic usage of the MT4 / MT5 mobile app.

Mobile app has fewer features than the PC version, but it’s enough for a little analysis or actual trading.
Now you can trade Forex anytime, anywhere with mobile app.

I will explain with using the example of MT4 for iOS. The installation steps, basic screen configuration and usage are almost the same for MT5 and Andrond version.
For Android, download from Google Play.

See this article for a basic explanation of MetaTrader.

What is MetaTrader?Explain in an easy-to-understand about MetaTrader (MT4 / MT5), which is used by traders all over the world, from the basics to how to use it and the differences between MT4 and MT5....

How to Install MetaTrader

Then I will explain step by step.

Download MT4

Open the App Store and search for “MetaTrader”.

When prompted, tap GET to download.

*Looking at the number of downloads, it says that MT4 is more popular.

MT4 mobile app

Launch MT4

MT4 has been installed.
Launch MT4.

Launch MT4

Start MT4

When you open MT4, the quote screen is initially displayed.
When MT4 is installed, the demo account provided by MetaQuotes Software is automatically set.

Margin of 100,000 USD (!) is already set, you can practice trading with it.

Start MT4
MT4 Trade Screen

Login to the Forex broker’s account

Click Settings and select New Account.

MT4 log in to forex broker account

Add New Account

Tap Login to an existing account.

MT4 add new account

Search Server

When opening an account, each broker notified the connection information of MT4 / MT5.
First, enter the connection destination server name listed there and search.

Each broker, especially large ones, has multiple servers for load distribution.
Make sure that you do not mistake the server you are connecting to.

MT4 search server

*In XM Global, 46 servers were displayed.

MT4 search server (XM)

Login

After select a server, the login screen is shown.
Login using the login ID and password that are informed by broker when you opened the account.

MT4 login

Logged in

When you loged in, your login information will be displayed on the settings screen.
Current account balance is shown on Trade screen.

MT4 logged in

How to Register Multiple Accounts

You can register multiple accounts in MT4 / MT5.
You can register another account of the same broker and an account of a different broker.

Once you registered it, you can login from the next time just by selecting.

MT4 how to register multiple account

How to Check Account Balance

From Trade screen, you can check the following contents.

Balance :Current Balance
Credit : Bonuses balance
Equity : Balance + Credit
Margin, Free margin : Calculated based on held positions and unrealized profits / losses
Margin level (%) : Margin call and Stop out criteria

MT4 check balance

Basic Usage

The basic usage is explained below.
You can find more detailed explanations and how to set indicators by searching the internet easily.

Quotes

You can change the simple display and advanced display.
In the advanced display, you can see realtime spreads, high and low priceare.

To add a currency pair, CFD, etc., tap the plus button on the upper right to add it.

MT4 quotes (simple)
MT4 quotes (advanced)

On the quote screen, you can see how prices and spreads change from moment to moment.
I can watch it with drinking beer forever. lol

Chart

You can display charts of selected currency pairs.
You can also change the chart type, timeframe, and add indicators.

The image is an example of the initial state of the candlestick chart and the chart with the moving average line displayed in the main window and RSI displayed in the sub window.

MT4 chart
MT4 chart with indicators

Trade

You can place orders and close positions.
Stop loss, Take profit and Deviation can be set.
(Deviation is depends on brokers.)

You can also order from the quote screen and chart screen.
If you have a position, you can check the current status.

MT4 place order
MT4 positions

Close Position

On Trade screen, select a position and press and hold it, or swipe the position to the left and press the check mark to bring up the close screen.

MT4 close position
MT4 close position

History

From the history screen, you can check the trading history and total profit and loss.
You can specify the period by Custom.

MT4 trading history

Change Language

You can change language from Settings menu.

MT4 change language
MT4 change language
ABOUT ME
KandA
KandA
I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].