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How to Trade with MetaTrader WebTrader
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How to Trade with MetaTrader WebTrader
The MetaTrader WebTrader is a web trading platform which provides traders and investors the opportunity to make trades directly from their internet browser without needing to download additional software. In this article, we will explore the MetaTrader Web Terminal in detail, highlighting many of its main features for traders and investors.To get more news about how to use mt4 webtrader, you can visit wikifx.com official website.
What Is the MetaTrader WebTrader?
With the MetaTrader WebTrader you can trade the financial markets directly from your internet browser whilst still enjoying many of the same benefits as trading on the MetaTrader desktop trading platforms.
This makes it ideal for situations when you are away from your main trading terminal and want to continue trading with a web trading platform without downloading any software.
Logging In
In order to trade using the MetaTrader WebTrader you need to have either a live or demo trading account for MetaTrader 4 (MT4) or MetaTrader 5 (MT5) (there is an option for both a MetaTrader 4 Web Terminal and a MetaTrader 5 Web Terminal).If you have not yet opened a trading account and wish to do so, you might want to take a look at our following articles, which will guide you through the process for both MT4 and MT5:
Alternatively, you can head to the MetaTrader web terminal page on our website, enter your email to get instant access to the web trading platform and EUR 10,000 virtual funds with a demo account to practise.If you already have a trading account, on the same page you can click on either “MetaTrader 4” or “MetaTrader 5”, depending on your account type, in order to log in.
You will then be redirected to the MetaTrader web terminal, where you will need to enter your account details and select the relevant server from the drop down box.If you are unsure what your login details are, you can find them by logging into the Trader’s Room.
Once you have successfully logged in, you will be presented with a screen which is very similar in appearance to the desktop platforms. For the purposes of this article, we will be looking at the MetaTrader 5 web terminal. However, unlike the desktop trading platforms, the cosmetic differences between the MetaTrader 4 WebTrader and the MetaTrader 5 WebTrader are minimal.Trade on a Risk-Free Demo Account
An Admirals demo account allows you to trade using virtual currency in real market conditions! This means you do not have to risk your own capital whilst you perfect your trading technique! Click the banner below to get started:
Right clicking on a symbol presents you with various options, including ‘Chart Window’, which will open a price chart for the selected instrument. Alternatively, you can click and drag your desired instrument onto the chart section of MetaTrader WebTrader to open a chart.In the toolbar at the top of the screen, you will see options in order to change the timeframe of an open price chart, as shown below.
Technical Indicators
In order to add technical indicators to your price chart, select ‘Insert’ at the top of the screen and ‘Indicators’, where you will be presented with many of the same options as on the desktop trading platform.Unfortunately, this area highlights one of the few downsides of trading with the web based trading platform, which is that any custom indicators you have set up on your MetaTrader desktop platform will not be available to use.