HotForex MT4 – MetaTrader 4
In this article
To perform successful trading on HotForex, creating your account on HotForex MT4 should always be your priority. Hotfroex was founded in 2010 and is regulated in one-tier- jurisdiction and three-tier 3 jurisdictions.
It is one of the safest online broker companies for forex and CFDs trading experience. Customers get access to 1000 securities, along with 50 Forex pairs and popular instruments of CFDs. They can make one account out of six types and start trading on this platform.
Introduction about MetaTrader 4
Meta Trader 4 is the online trading forex platform that analyses markets and uses expert advisors to help newbies have a comfortable trading experience. In addition, MT4 offers trading signals, mobile trading, and markets to improve trading.
Currently, millions of traders are attached to this trading system. As a result, they get different opportunities like advanced technical analysis, algorithmic trading, expert advisors, and much more.
Signals and markets are some additional applications. They allow traders to copy the trades of other traders. The market also provides access to expert advisors and technical indicators that one can buy.
Features of HotForex MT4
- User-friendly and easily understandable interface
- One can get a news feed directly in the trading system
- Expert advisors feature to ensure complete guidance in this platform
- Multilingual platform
- Daily account statement available
- Trailing stop loss facility
- Real-time client account summary that includes floating profit, loss, and account equity
How to Use MetaTrader 4 (MT4) for Successful Trading In HotForex?
To start trading forex with MetaTrader 4, you need to sign up with a HotForex broker. The broker will connect to the market so you can use them to analyse trends and start trading.
You can sign up and then download MT4 trader software to get connected with this system.
When you log in with MT4, you can use it once you understand how it works. Then, to take orders, you can follow the steps given below.
Step: 1 Open the Orders window from the main menu in the MT4 app and select the currency pair from the drop-down menu.
Step: 2 Use the “Volume” field to tweak the position size. Again, these are displayed in the lot, and here the standard lot is equal to 100,000 currency units.
Step: 3 Choose from the “buy” or “Sell” option.
Step: 4 Add the trade notes in the comment box to proceed with your trading.
If you don’t want to place orders and buy or sell pending orders, you can do it. You can buy stop pending orders for this purpose. These are useful in bullish markets where you can take a position when the price point is achieved.
A sell stop pending order is useful when, in your opinion, the price will fall rather than rising. The use of buy limit pending orders can help capitalise on a bullish environment. Before the price moves higher, one can take a position at a lower price.
Limit pending orders can be useful when taking advantage of a resistance level before prices move lower.
Which advanced trading tools are available in HotForex MT4?
HotForex comes with different tools and offers the entire MT suite, including MT4 and MT5. In addition, both desktop and mobile versions are available.
The desktop version features automated trading systems, also known as Experts, and these work through the MQL5 signals community.
HotForex provides its customers with an optional suite of trader tools, also known as Premium trader tools. Moreover, 12 tools are available in the package.
Some of them include connecting for news, additional technical indicators, and an Alarm manager for alerts. There are also advanced insights plugins available.
What is multiTerminal in HotForexMT4?
HotForex MT4 multiterminal platform offers a practical and convenient way to manage multiple accounts through a single interface. In addition, Hotforex provides its users with a trading environment with various tools that offer great functionality.
You can log in to an unlimited number of MT4 accounts, and the best thing is that you can manage them at one time. You can switch to another account anytime as well as monitor all your accounts simultaneously.
Comparison table of Exness MT4 and MT5 account types
|Available platforms||MT4 & MT5||MT4&MT5||MT4 & MT5||MT4 & MT5|
|Minimum Spread||1 pip||1 pip||0.0 pips||1 pip|
|Trading commission||None||None||6 per around||None|
|Trading size||0.01 to 7 lots||0.01 to 60 lots||0.01 to 60 lots||0.01 to unlimited|
What else can you get from the HotForex MT4 platform?
HotForex MT4 is a user-friendly platform that has interbank liquidity. Fast execution and many benefits make this an excellent trading platform for traders, offering a wide range of tools and resources that truly meet their needs.
HotForex is a perfectly equipped platform that allows you to analyse price dynamics to help traders make transactions and work with Expert Advisors. In addition, a variety of features are available to meet the needs of traders in the financial markets.
Hotforex MT4 provides the research option. You can analyse and use trading tools from third-party providers. Through HotForex, you can avail yourself of the forex news and trading signals generated by automated pattern recognition.
There is a facility of the economic calendar that keeps you updated with quarterly, annual outlook, and monthly updates. Through HotForex MT4, you also get an education about trading, so you can start working with fewer risks.
HotForex Mt4 trading is a secure trading platform where you can log in with confidence. In addition, this account allows you to trade with a demo account so that you can learn without taking any risks.
So, what are you waiting for? Get ready to log in with HotForex MT 4 and start trading with this legit platform.
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