The forex market trades 24 hours a day, with just one internet-connected screen device, you can trade anywhere, anytime you want. That means you can make money anytime, anywhere with forex. And of course, in addition to laptops or tablets, the phone is an extremely convenient tool for you to do this. Below, fx24.net will show you how to use MT4 on iOS and Android phones in detail.
Download MT4 to your smartphone
To download MT4 software to your smartphone, you can use two ways as follows:
Method 1: From the smartphone, access to the application store Apple Play Store or Google Play Store Then search by keyword "MT4" and download the software. When searching, you will see the MT4 icon as shown below:
Method 2: From the website homepage of a reputable forex floor, you go to manu Platforms (Trading platforms), then select the yes MT4 and look to MT4 for iOS good MT4 for Android.
The example below is downloading MT4 from the website of the exchange FBS on the phone:
Log in MT4 software on your phone
When using MT4 on a computer, each forex broker has its own version of MT4. You want to log into any account of the floor must use the MT4 version of that floor. However, for MT4 on phones, all exchanges will share the same MT4 application. You just need to go to MT4 application on your phone and select the forex floor you want to login.
Once you have installed the MT4 software on your phone, open the MT4 application on your phone. In the new account section, two parts will appear Open demo account and Log into an existing account. You clicked Login existing account Okay, find the forex broker that you have an account you want to login to.
After clicking on the word LOG IN TO AN EXISTING ACCOUNT, it will display a search box for you to enter the forex floor name you want to login to your MT4 account.
For example, if you type from FBS, it will appear on the FBS floor attached server name (server). Please select the server of the account you need to log in.
A forex floor usually has many servers (server), so when you log in your account number and password, you must choose the right server type (server).
If you forgot the server name, please retype the email at registration. When the exchange sends the account number and password, always include the server name (server). There are multiple platforms that display the server name next to the MT4 account number in your management account. If you do not see the display then click the account management button next to the MT4 (or MT5) account in your personal account management area.
After logging in, you will see the interface of MT4 on iOS and Android phones will be slightly different. But the tools, features and everything are the same.
Add the goods to the watchlist and deals
By default, the list of goods displayed at the beginning only has a few currency pairs. To add currency or other currency pairs to this list by touching the "+" icon on the top right of the screen.
If you want to delete or reorganize the list of currency pairs and commodities, click the "pen" icon next to the "+" symbol above to perform.
Display the price graph screen of currency pairs
Method 1: Touch the currency pair you want to display, hold for a few seconds, it will appear a navigation panel. Then you select "Open chart" is finished.
Method 2: Touch the currency pair to see the graph, slide to the left is done.
Switch time frames in price charts on phones
When you are opening the price chart, touch the clock icon in the upper right of the screen, it will show the time frame for you to choose.
Instructions on how to place orders on the phone
Touch the currently displayed currency pair, select "New order".
After clicking "New order", The command will appear as follows:
- Frame 1 is the type of order in forex trading. The default is market order. With this order, you will buy or sell at the current market price.
- Frame 2 is to enter the trading volume
- Frame 3 is the button for selecting a stop loss level (Stop loss).
- Frame 4 is the profit-taking button (Profit).
Explore more: How to set Stop loss and Take profit effectively.
Types of orders in MT4 software:
To learn more about these types of commands, go to the following link:
Close the MT4 order on the phone
In case you do not close the order automatically with the stop loss and take profit orders, you can close it manually. Touch the up arrow at the bottom of the screen to select the order to close.
Instructions on how to add indicators on the MT4 chart
To add indicators to the graph, click the "f" icon as shown below. Then select the indicator you need to add.
How to add and delete MT4 trendline on the phone
To add a trendline to the graph, simply touch the graph screen, a large circle containing icons will appear. Please select the icon containing the geometry as below:
It will display a list of trendlines that you added earlier. Want to add trendline lines, you click on the "+" in the horizontal bar to add.
It will display a series of objects to choose from, including the trendline (trend line).
It will then display the price graph screen. You just need to touch it to draw a trendline as you like.
To delete the trendline, simply touch it, hold a bit, the top of the screen will appear a bar containing the trash icon in the upper right corner. Click trash to delete.
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Author: Pham Khuong
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