Are you ready to dive into the exciting world of trading? E8 Funding extends a warm welcome to all aspiring traders, and with MetaTrader 4 (MT4) as your trusted companion, your journey is about to take off. Let’s walk through the basics to get you started on this thrilling adventure.
1. Download and Install MetaTrader 4
Head over to our user-friendly E8X Dashboard, and in the Apps section, find the MT4 software for download. The installation process is a breeze – simply run the installer and follow the on-screen instructions.
2. Obtain Your Trading Account
To kickstart your trading experience on MT4, you’ll need a trading account with E8 Funding. Don’t have one yet? No worries! Experiment with our free trial account to get a feel for things. Plus, enjoy the perk of zero commissions for the first thirty days on our platform.
3. Launch MT4 and Connect
Once MT4 is up and running, select the “Open an account” window. Opt for the E8Funding-demo server and log in using your existing trading account credentials, readily available in your account dashboard.
4. Add Instruments for a Comprehensive Portfolio
Ensure you have a diverse portfolio by adding currency instruments from the E8 list. Look for those with the “.e8” suffix, like “Eurusd.e8,” and incorporate them seamlessly into your PC terminal or mobile platform.
5. Explore the User-Friendly Interface
Navigate the MT4 interface, which includes the ‘Market Watch,’ ‘Navigator,’ ‘Terminal,’ and the main chart window. Dive into technical analysis and set orders conveniently in the ‘Market Watch.’
6. Place Trades Effortlessly
Select your desired instrument from the ‘Market Watch,’ and a new window will pop up, allowing you to specify your order details. Choose between sell or buy positions, set sizes, stop-loss, take profit levels, and consider using the One Click Trading option for swift execution.
7. Track and Manage Positions
Keep tabs on your open positions in the ‘Terminal’ under the ‘Trade’ section. Here, you’ll find all the details, including current profit or loss. Closing or editing positions is a breeze – simply click and select the desired option.
8. Delve into Technical Analysis
Enhance your trading prowess by inserting indicators like Fibonacci or arrows. Find these options under “Insert,” and for modifications or removals, right-click on the chart or use the key combination “Ctrl + I.”
9. Utilize Drawing Tools for Precision
Master the art of precision with drawing tools like trendlines and Fibonacci retracements. Access them through the ‘Insert’ menu or the toolbar, applying them seamlessly to your charts.
10. Expert Advisors for Automated Trading
Take advantage of Expert Advisors (EAs) for automated trading. Install them in the ‘Experts’ folder, and after restarting MT4, drag and drop them onto your preferred chart. Adjust settings in the ‘Properties’ window and ensure ‘AutoTrading’ is enabled.
11. Customize Your Trading Space
Make MT4 your own by customizing the appearance and layout. Right-click on the chart or windows and select ‘Properties’ or ‘Customize.’ Save your preferred settings as a profile for future use.
12. Practice on a Free Trial Account
Before venturing into the world of real money trading, hone your skills on our free trial account. Familiarize yourself with the platform’s features and refine your strategy.
About E8 Funding
E8 Funding is a proprietary trading firm that offers simulated trading accounts to traders who want to learn, earn, and trade remotely from any location across the globe. The company was founded by professional traders and investors who have developed unique evaluation programs and accessible trading platforms.
E8 Funding offers an abundance of financial instruments, including currency pairs, cryptocurrencies, stocks, indices, energies, and commodities. The company is headquartered in Dallas, USA, and Prague, Czech Republic. Traders retain 80% of all profits generated on their funded account, and the company assumes all losses.
Explore our in-depth E8 Funding review and seize an exclusive 10% discount with code: PW10.
