Using MetaTrader 4 for Mac to Execute Trades in Real Time

Real time execution of trades is one of the most important aspects of Forex trading and MetaTrader 4 Mac greatly simplifies the process. They deliver a platform that provides fast execution speeds and a reliable trading environment so you can act fast when market opportunities arise. For beginners and those with experience, the trading platform MetaTrader 4 for Mac has all the tools you need to be able to make trades with accuracy and confidence.

However, first make sure your software is configured properly as you will not be able to conduct real time trades on MetaTrader 4 for Mac until it is. The first thing to do is to install and log into a trading account and then customize the charts and indicators to your own preference. Technical indicators, and different chart types, that you set up in your charts help you spot potential entry and exit points of a trade.

MetaTrader 4 for Mac comes with many of the features and chart types, such as candlestick, bar and line charts that traders have become used to. This includes the ability to select the chart type that fits the trading strategy best. This makes more sense to attribute appearance customization of your chart (colors and gridlines, for example) to make your chart easier to analyze in real time. Once you’ve set up a good charting environment, you’re now ready to start executing some trades
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It’s quick and easy to execute a trade directly in real time on MetaTrader 4 for Mac. Just select a currency pair you’d like to trade from the Market Watch window and right click on the one you would like to trade and select New Order. You will see a window where you can fill in the particulars of your trade, including trade size (lot size), stop loss, take profit and order type.

There are several types of orders, but a market order is the most common type, and enables you to buy and sell at the current market price. Next, enter all applicable information and then click “Buy” or “Sell”, you will be executed on your order instantly. Shop MetaTrader 4 for Mac and rest assured that your trade is processed with minimum delay to benefit from real time price changes.

Market orders are executed immediately whereas pending orders allow you to enter a trade at a future date or price. If you’re waiting for the market to hit a certain level before getting in on a trade, this is especially useful.

When you place a pending order in MetaTrader 4 for Mac, enter the ‘New Order’ window as you would for a market order except you choose ‘Pending Order’ this time. After that, you can indicate the price for triggering the order, expiration time of the order, and order volume. This makes these orders great for traders that don’t want to keep tabs on the market at all times and want to automate their entry points.

Once your trades are live, MetaTrader 4 for Mac offers you an easy way to track them in real time. In the “Terminal” window you can see the details of each open trade, your profit and loss, stop loss and take profit levels. To adjust one of these parameters, simply right click the trade and decide ‘Modify Order.’ It allows you to change the stop loss, take profit or even the lot size during the active trade.

A ‘One Click Trading’ feature in MetaTrader 4 for Mac provides a possibility to place a trade at a single click. The most useful part of this feature is when traders cannot wait to jump in on shortening market movements and do not want to fill out several steps to finalize a transaction.

If you are going to be successful trading, then real time market monitoring is a must and MetaTrader 4 for Mac provides several tools that allow you to keep your feet on the ground. Both of these windows use this data in slightly different ways: the “Market Watch” window, showing real time quotes for all of the currently available currency pairs, and the “News” tab, displaying up to date data from economic news that could affect the market.

You can optionally choose to use the “Tick Chart” feature to look at price changes on a very granular level in real time. This is especially useful for short term traders who make their profits by the day, scaling up to the hour if money is being made.

With MetaTrader 4 for Mac you can trade with speed and precision across all real time markets. It’s simple and intuitive interface, fast execution and powerful trading management tools make for a great tool for keeping track of the market and making those critical decisions. With MetaTrader 4 for Mac you can execute market orders, or use pending orders to time your entries, giving you the freedom and power to succeed in Forex trading.