Trading Academy
Free lessons, from your first trade to managing risk like a pro.
MT4 vs MT5 — Which MetaTrader Platform Should You Use?
MetaTrader 4 was released in 2005 and remains the most widely used retail trading platform in the world. MetaTrader 5 arrived in 2010 as its replacement and still has not replaced it. Understanding why explains most of what you need to know about choosing between them. Why MT4 survived its own successor MT5 was not […]
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Installing MetaTrader and Logging In — A Clean Setup
Most first-time connection problems come from one of three things: downloading the wrong build, selecting the wrong server, or confusing the two sets of credentials a MetaTrader account has. All three are avoidable if you know they exist. Download from your broker, not from anywhere else MetaTrader is distributed by brokers, and each broker's build […]
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The MetaTrader Interface — Four Windows That Matter
MetaTrader looks cluttered on first launch because it opens with everything visible. Four windows do almost all the work, and once you know what each is for, the rest can be closed and forgotten. The four windows that matter Window Purpose Shortcut Market Watch Instrument list and prices Ctrl+M Navigator Accounts, indicators, EAs Ctrl+N Terminal […]
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MetaTrader Charts and Timeframes — A Readable Setup
A chart you can read quickly is worth more than a chart with everything on it. Most default MetaTrader charts are harder to read than they need to be, and fixing that takes about five minutes — once, saved as a template and applied everywhere afterwards. Opening and arranging charts Drag a symbol from Market […]
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Placing Your First Trade in MT4 and MT5
The order window is where every rule from the Risk Management section either gets applied or quietly skipped. It takes about twenty seconds to fill in correctly, and the two fields most commonly left empty are the two that matter most. Opening the order window Several routes, all reaching the same dialog: F9 Fastest Tools […]
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Pending Orders in MT4 and MT5 — Buy Limit, Sell Stop and More
Pending orders are the most underused feature in MetaTrader and the most direct solution to chasing price. A limit order at your level either fills at your price or does not fill at all — which removes the decision at exactly the moment you are least equipped to make it. The four types Both platforms […]
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Modifying and Closing Trades in MT4 and MT5
Most trade modifications lose money. The platform makes them easy — drag a line, click a button — and that ease is the problem, because the modifications that feel most urgent are the ones a journal will later show were costly. This lesson covers how to do each one and, more usefully, when not to. […]
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Lot Size and Margin in MetaTrader — Verifying Your Sizing
MetaTrader will let you open almost any position your margin permits, and it offers no opinion on whether you should. The platform's job is execution; the sizing decision is entirely yours, and this lesson covers how to verify it using what the terminal actually shows you. Reading the contract specification Every sizing calculation starts here, […]
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Indicators and Templates in MT4 and MT5
Adding an indicator takes one drag. Removing the fifteen you accumulated takes a decision, which is harder. This lesson covers the mechanics of applying, configuring and installing indicators — and a brief note on why the platform's ease of stacking them works against most traders. Applying a built-in indicator Three routes, same result: Navigator → […]
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Expert Advisors and Automation in MT4 and MT5
An expert advisor is a program with permission to place trades on your account. That sentence is worth sitting with before installing one, because the industry around EAs contains as much marketing as substance and the platform gives them the same access you have. What an EA is A program written in MQL4 or MQL5 […]
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The MetaTrader Mobile App — What It Is Good For
The MetaTrader mobile app is genuinely good at monitoring and genuinely poor as a primary trading platform. Knowing which tasks belong on the phone and which do not prevents a specific and common failure: making decisions on a screen too small to show what the decision depends on. What the app does Available for iOS […]
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Common MT4 and MT5 Errors — A Troubleshooting Reference
Most MetaTrader problems have three or four possible causes and a fixed order in which to check them. This lesson is a reference — bookmark it, and when something does not work, find the symptom and work down the list rather than guessing. Where to look first Before troubleshooting anything, open the log. Terminal / […]
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