How do I use the charting tools on MetaTrader 4?

Asked 3 years ago

Hi, I find MT4 charting tools a bit confusing. Can someone give me some tips on how to use and read these trading charts?

Reading charts Charting tool Metatrader 4 (mt4)

Andia Rispah Igobwa

Friday, September 17, 2021

If you are using MT4, the charting tools are used for viewing both open and closed positions. You can use them to make critical decisions or forecasts.
A wide range of settings allows users to customize charts to optimize your setup by presenting your data in an easy-to-read fashion.
You also can switch back and forth between the four different time frames; Hours, Minutes, Seconds, or Days.
These ranges offer many options for predetermined periods which can assist traders with determining what trades should be made given their strategies.
The information on derivative rows allows MT4 users access to real-time currency rates and currency pairs, including stocks and commodity indices.