![]() Of course, you can calculate lot size and pip values prior, but since time factor is a very important aspect in trading and you might want to get into the trade as fast as you can, we recommend to try the Position size calculator. If you are opening a new position on MT4, you actually can’t see the % of your equity you are risking in a trade. People tend to look for the best trading strategies online but if you don’t have great risk management, you are never going to make it. Having proper risk management is a crucial thing in your trading. You will learn how to set up your first trading account and how to navigate in MetaTrader4 interface and add indicators to your platform. We prepared a basic tutorial for complete beginners and this is available on our YouTube channel. If you are completely new to MetaTrader4, there is no reason to be upset. ![]() If you are a profitable trader and you want to trade with FTMO, you can consider joining our FTMO Challenge and trade with the initial balance of up to $400,000. Using the right tools and indicators in your charts can play a crucial part in your trading. In this article, we are going to show you 10 of our favorite indicators, their description and how they work. The big advantage of MT4 is the big user base with easy programming software and because of that, there is a lot of free indicators that can be found online and they can give you the edge you sometimes find in other professional software. You don’t necessarily need those functions to make you a profitable trader but they can offer a great edge in your trading. Since MetaTrader4 is free, it lacks a little bit with different functions that you can find in professional trading platforms. It’s user-friendliness and different charting tools give traders almost everything they need. MT4 is considered to be one of the most popular trading platforms for retail traders at financial markets, especially in forex trading. ![]()
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