GlobeX360 MT4 – MetaTrader 4
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After opening an account with GlobeX360, the broker gives you access to its MT4 platform. GlobeX360 MT4 has many advanced features that make sure that you trade without any hassle.
So, let’s see what GlobeX360 is and what its different features are.
What is an MT4?
MT4 is a simple and easy-to-use online trading platform. Traders use it to make trades on the price of key financial markets. Forex, commodities, equities, indexes, and even cryptocurrency are among them.
MetaQuotes created MT4 in 2005, and since then, it has been popular among the trading community. Live prices and charts, as well as the ability to place orders and manage your accounts, are all available through the program.
For retail forex traders, MetaTrader4 is by far the most popular platform. This platform is available on the websites of over 95% of forex brokers. In addition, it is one of the most comprehensive trading platforms available, with several features, indicators, and other tools.
How does GlobeX360 MT4 work?
GlobeX360 MT4 is a trading platform that is used by traders all over the world. Traders utilise it to gain technical and fundamental analysis, as well as to check real-time currency prices.
GlobeX360, on the other hand, offers the MT4 platform to reach a wider audience.
The MT4 platform is helpful because it provides many currency pairings and indicators from which to pick. Not only that, but its beginner-friendly charts are also customisable.
How to use GlobeX360 MT4?
To use GlobeX360 MT4, you need to follow certain steps. These include:
To use GlobeX360’s MT4 platform, you’ll first need to create a demo or a live account.
Once your GlobeX360 trading account is open, you’ll need to download MT4. After that, you can use it on a desktop or on your phone. After downloading MT4, log in with your GlobeX360 credentials.
Choose what you want to trade
You can trade several markets using your MT4 platform, including FX, equities indexes, commodities, and individual shares. You can also trade CFDs and spread bets.
Click ‘View,’ then ‘Symbols,’ or use the shortcut ‘Ctrl-U’ to access the list of instruments. A list of symbols that you may add to your market monitor window can be found here. Drag the symbol on the chart, and you’ll get your preferable price chart.
Open a position
Go to ‘tools’ and select ‘new order’ from the order window when you’re ready to make a trade. The ‘order’ window will appear as a result of this. You can also use the F9 key on your keyboard.
Here’s a quick look at all the options in the order window to help you place and manage deals.
Symbol: You can choose which market to trade from a drop-down menu.
Stop-loss: If you feel the market has moved against you, enter the stop-loss level where you want the trade to end.
Take-profit: Let’s you lock in your profits
Volume: The total number of lots you want to trade.
Type: When you click buy or sell right away, you can choose ‘Market Execution’ to place your trade. If you wish to pick the level at which your order opens, you can choose ‘Pending Order.’
Your next options will be determined by whether you select ‘Market Execution’ or ‘Pending Order.’
MT4 has several features for customising and personalising your trading charts. For example, on the chart, you can insert objects.
To draw, simply click on the chart and choose the object you want from the toolbar. Some items’ spacing and the position may be changed simply by moving your mouse while clicking on the chart, while others require you to open a different window for modification.
Right-click on the chart and choose ‘objects list’ from the menu to change or remove an object. This will bring up an option with a list of all the active items on the graph. Next, select your desired object from the drop-down menu, then click ‘edit’ to change the indicator settings or ‘delete’ to remove it.
On charts, you can use indicators like the RSI, stochastic oscillator, and Bollinger bands. Simply drag and drop your desired indicator from the ‘navigator’ window onto a chart. This will generally bring up a window where you can customise the indicator.
Right-click within the chart window and select ‘indicators list’ from the menu to change or delete an indicator that is currently shown. It will bring up a menu with a list of all of the activity indicators on the chart. Select your desired indicator from the list, then click ‘edit’ or ‘delete’ to adjust or remove the indicator settings.
To modify a price chart’s timeframe, just right-click on the chart, choose ‘timeframe,’ and then select your preferable timeframe from the drop-down menu. The timeframes vary from a 1-minute to a month.
Advantages of GlobeX360 MT4
Here are some of the advantages of using the GlobeX360 MT4:
As previously mentioned, MT4 includes all of the tools and indicators you want, but it is also simple to use and navigate. On the left side of the platform are the symbols and rates. On the right are the charts, and at the top are the indicators and other features. In addition, the ability to trade and customise with a single click has made it even more user-friendly.
Customisability is an essential feature since it saves traders time by opening all the charts and positioning all the indicators where they want them.
Everything in your MT4 can be customised. For example, you can easily alter the look of the windows, change the layout of the charts, add all kinds of indicators, arrange the symbols in your chosen order, and switch accounts.
The MT4’s security is almost flawless. It was improved from earlier versions to mitigate DoS attacks and uses a 129-bit key to link both ends.
The good thing about MT4 is it doesn’t come with any additional cost. You can use the GlobeX360’s MT4 free of charge.
With the GlobeX360 MT4 platform, you can start your trading journey without breaking a sweat. It’s free, comes with tons of features, and you can enjoy secure trading.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst