How to Use MT4 for Beginners?

Get started with MetaTrader 4 with our beginners' guide. Learn MT4 essentials such as managing stop loss and take profit and setting trade alerts.

• Question 01

  When was MetaTrader 4 (MT4) developed and released?

  Your Answer

  • A.1999

  • B.2005

  • C.2010

  • D.2015

• Question 01

  Which company developed and released MT4?

  Your Answer

  • A.Apple Inc.

  • B.Google LLC

  • C.MetaQuotes Software Corp.

  • D.Microsoft Corporation

• Question 01

  Which of the following financial markets can be accessed using MT4?

  Your Answer

  • A.Forex

  • B.Cryptocurrency

  • C.Commodities

  • D.All of the above

• Question 01

  How can a trader open a new trade on MT4?

  Your Answer

  • A.Left-click on the instrument in Market Watch

  • B.Right-click and select "New Order"

  • C.Double-click on the chart

  • D.None of the above

• Question 01

  How can a trader modify stop loss and take profit orders on MT4?

  Your Answer

  • A.By accessing the "Order" column and selecting "Modify or Delete Order"

  • B.By closing and reopening the MT4 platform

  • C.By contacting customer support

  • D.By reinstalling the MT4 software

• Question 01

  What does the "Account History" in the Terminal window display?

  Your Answer

  • A.Live bid/ask prices

  • B.Economic news notifications

  • C.Trading history

  • D.Charting tools

• Question 01

  How can a trader set trade alerts on MT4?

  Your Answer

  • A.By accessing the "Account History" tab

  • B.By clicking on "Market Watch"

  • C.By right-clicking in the "Alerts" tab and selecting "Create"

  • D.By navigating to the "Expert Advisors" panel

• Question 01

  What should traders be cautious about when using EAs?

  Your Answer

  • A.Enabling automated trading

  • B.Verifying their source and functionality

  • C.Applying them to multiple accounts simultaneously

  • D.Using them exclusively for forex trading

• Question 01

  How can a trader install indicators on MT4?

  Your Answer

  • A.By accessing the "Account History" tab

  • B.By clicking on "Market Watch"

  • C.By right-clicking in the "Alerts" tab and selecting "Create"

  • D.By navigating to the "Expert Advisors" panel