How to Use MetaTrader 4:From MT4 Demo to Live Trading

MetaTrader 4 (MT4) is one of the most widely used trading platforms in retail markets, and it is easy to see why. The interface is flexible, the charting tools are detailed, and the platform supports automated trading through Expert Advisors. Whether you are new to MetaTrader 4 or simply new to easyMarkets MT4, this guide walks you through how to use MT4 step by step, from your first MT4 demo to placing live trades with confidence.

Getting to Know the MT4 Interface

In this guide, we walk you through the fundamentals of trading on MetaTrader 4 with easyMarkets. By the end, you'll know how to open a real forex account on MT4, and how to navigate the platform so you can trade with confidence.

Let's get started.

Step 1: Open an easyMarkets account

Before you can use MT4, you will need to open and fund an easyMarkets account.

Head to easy-markets.com and sign up for a new account.

Complete the quick KYC (Know Your Customer) verification by uploading your ID and proof of address.

Fund your account by clicking the ‘Deposit Funds’ button in the menu bar.

During the deposit process, you may choose MT4 as the destination of your funds, and you can contact easyMarkets to request your MT4 login credentials; they will be sent to your registered email.

If you’re not ready to trade live, you can open a demo account and practice without risk. It’s a good way to explore the platform and build familiarity before committing real funds.

Step 2: Download and install MT4

Next, install the MetaTrader 4 platform on your device.

Download the installer: Click here to download MT4 for easyMarkets.

Run the installer and follow the on-screen instructions.

Once installation finishes, the MT4 terminal launches automatically.

If you prefer to trade on the go, easyMarkets MT4 is also available on mobile and through web access.

MT4 syncs and works seamlessly across devices, so you can monitor your trades at any time and from any location.

Step 3: Open an MT4 demo or live account

You have two options when you first access MT4: open a demo MT4 account or log in to your live MT4 account.

MT4 demo account

An MT4 demo is for practising without putting funds at risk. It is a useful way to learn how to use MT4 in a low-pressure environment.

Click ‘File’ in the menu bar, then ‘Open an Account’.

Search for and select the ‘EasyForex-Demo’ server.

Fill in your personal details.

MT4 will generate a username and password for your MT4 demo.

MT4 live account

To trade with real funds:

Request MT4 access by contacting a representative through your easyMarkets dashboard.

Receive your login credentials by email.

In MT4, click ‘File’ in the menu bar, then ‘Open an Account’.

Search for and select the ‘EasyForex-Live’ server.

Select ‘Existing trade account’ and enter your login and password. The ‘Server’ field should be ‘EasyForex-Live’.

Click ‘Finish’.

Once connected, you are ready to start trading live markets. Remember, if you would prefer to explore the platform first, your demo account is always available.

Step 4: Place your first trade on MT4

There are two main ways to place a trade on MT4.

1. Manual trade entry

Double-click on a currency pair in the ‘Market Watch’ panel.

Choose your ‘Volume’, for example 0.10 lots.

Select an order type: ‘Market Execution’ or ‘Pending Order’.

Click ‘Buy’ or ‘Sell’.

2. One-click trading

Click ‘Tools’ in the menu bar, then ‘Options’. In the ‘Trade’ tab, check the ‘One Click Trading’ box and click ‘OK’.

Select your preferred deal size.

Click ‘Buy’ or ‘Sell’ directly on the chart.

To close a trade, double-click the open position in the Terminal and select ‘Close’, or use the ‘x’ icon.

Step 5: Add MT4 charts, indicators, and Expert Advisors

MT4 gives you a range of analysis tools to support your trading decisions.

MT4 charts: drag any symbol from the Market Watch into the chart window.

Timeframes: choose from M1 to MN, covering one minute to one month.

MT4 indicators: open ‘Insert’, then ‘Indicators’, to apply tools such as moving averages or the Relative Strength Index (RSI).

MT4 Expert Advisors (EAs): drag an EA from the Navigator panel onto a chart. Then click the ‘AutoTrading’ button in the toolbar to activate it.

Step 6: Manage your MT4 account

Day-to-day account management happens through MT4 and the My easyMarkets dashboard.

Deposits and withdrawals: in your easyMarkets dashboard, click the three-line button to expand the main menu. Click ‘Deposit Funds’ or ‘Withdraw Funds’ for easy funds management.

Switching accounts: in the MT4 ‘Navigator’ panel, you can easily switch between your different accounts.

Swaps and expiry dates: right-click on a symbol and select ‘Specification’ to view the full contract specification.

Password reset: go to ‘Tools’, then ‘Options’. In the ‘Server’ tab, enter your new password in the ‘Password’ field and click ‘Change’.

Final tips for trading on MT4

Keep these points in mind to trade with more clarity and control:

Connection status: the bottom-right corner of MT4 shows whether your terminal is connected.

Margin level: calculated as (Equity ÷ Used Margin) × 100. Monitor it regularly.

Stop out: positions may close automatically if your margin level falls below 30%.

Swap rates: these typically apply to positions held overnight.

Final thoughts

MT4 gives you the charts, the flexibility, and the tools to apply your trading strategy. With easyMarkets, you also enjoy floating spreads from 0.6 pips, negative balance protection, and high execution speeds, all designed to keep your trading experience clear and transparent.

Ready to experience MT4 with a broker you can trust?

Download MetaTrader 4 with easyMarkets today and see why traders choose MT4.

MetaTrader 4 (MT4) is the proprietary trading platform of MetaQuotes Software Corp. MT4 is a registered brand name of MetaQuotes Software Corp.