How To Use MetaTrader 4 Tutorial For Beginners | Basic Forex Trading On Your Android | MT4 Tutorial
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MetaTrader 4 tutorial for beginner #forex traders. A detailed walkthrough of how to trade forex from your #Android version of the #MT4 mobile app. How to open an MT4 demo account. How to connect to your broker. How to add a forex pair. How to add indicators. How to open a trade. How to partial close trades. How to change the candlestick colors. How to invest. 🔥🔥🔥 Like, Comment, Subscribe!!
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What is Forex?
Forex isn’t just a word scrolling at the bottom of your TV screen on CNN. Imagine the Stock Market but better because you can make money every single day. Foreign Exchange Market (FOREX) allows you to invest in currencies and make hundreds of dollars a day from the market.
The #stock market requires a lot of money up front to yield a great #profit but Forex allows you to earn thousands with a small initial investment.
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You start off with $500 in your account and trade $0.50 per pip & averaging 800 pips; now your account went up to $900 for the month. Now your account is $900 & you do $1 per pip by the end of the next month with averaging 800 pips your account is $1,700. Now let’s say you do $2 a pip on the 3rd month with 800 pips now your account size is $3,300. You started with $500, took advantage of the platform that literally just told you what to trade & took it to $3,300. That’s the power of compound interest!
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.