Step 1: Download and install MT4
- Access the EBC website from your desktop. Go to Trading, and under Trading Platforms click on MT4.
- Click the "Download on Windows" button to start the download process.
- Once the download is complete, locate the file in your Downloads folder and double-click it to begin the installation process. Follow the prompts to install MT4 on your desktop.
Step 2: Log in to your account
- Open MetaTrader 4 on your desktop. You will be asked to log in the first time you open the app. Make sure you select the correct server (EBCFinancialGroup KY-Demo or EBCFinancialGroup KY-Live01,EBCFinancialGroup KY-Live02).
- If you have an existing trade account, enter your MT4 account and password. If not, you may create a new demo/live account.
- Click OK. You are now logged in to your account.
Step 3: Get to know the MT4 interface
- The MT4 interface is divided into several key areas:
- Market Quote: On the left side of the screen, you will find the "Market Quote" window. Here you can see the real-time prices of different trading instruments.
- Chart Window: Here you can see a real-time price chart of the selected instrument.
You can also right click on the trading instrument and click "Chart Window" to view the real-time price chart. - Navigator: This section displays your account information and provides access to indicators, scripts, etc.
- Terminal: At the bottom, this section displays your trading history, open positions, and account balance.
Step 4: Make a trade
- Select a trading instrument: In the "Indicators" window, right-click the currency or instrument you want to trade and select "New Order".
- A new window will open where you can set the trading parameters: lot size, stop loss and take profit, trade type, etc. When you are ready, click "Buy" or "Sell". Remember that trading carries a high risk and you should only trade with money you can afford to lose.
Step 5: Monitor your transactions
- Open Positions: In the Terminal window at the bottom, click on the "Trade" tab. Here you will see all of your current open positions, including details such as entry price, trade size, and current profit and loss.
- Modify or close a trade: Right-click on an open position and select "Modify" or "Close Order". In the new window, adjust your stop loss or take profit levels, or close the trade as required.
Step 6: Use tools and indicators
- Adding indicators: To add a technical indicator to your chart, click on "Insert" in the menu bar and then "Indicators". Select the desired indicator and adjust its parameters as needed.
- Drawing Tools: To use drawing tools like trend lines or Fibonacci retracements, click "Insert", then "Lines".