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Glossary

A stop loss limits the loss on a trade if the market moves against your position. Setting an initial stop loss when you open a trade is one part of risk management; modifying that stop loss a...

A forex trader shows how to modify a top loss on MT4.

How to Modify a Stop Loss on MT4

A screenshot of your MetaTrader 4 chart is one of the most useful tools you have outside the platform itself. Traders use chart screenshots to build a journal, share setups with peers or ment...

A forex trader shows how to take a screenshot on MT4. 

How to Take a Screenshot on MT4

A chart template in MT4 stores the full visual configuration of a chart: colours, applied indicators, drawn objects, timeframe, scaling, and various display options. Saving a chart as a templ...

A forex trader shows how to save a chart template on MT4.

How to Save a Chart Template on MT4

By default, all charts in MT4 sit inside the main platform window. That works fine on a single monitor but becomes limiting when you want to use multiple screens. Detaching a chart turns it i...

A forex trader shows how to detach a chart window in MT4.

How to Detach a Chart Window in MT4

Adjusting how much price action fits on a chart is one of the most common interactions with MT4. Zooming in compresses the visible range and shows fewer bars in more detail, useful for inspec...

A forex trader shows how to zoom in and out on MT4 charts.

How to Zoom In and Out on MT4 Charts

The crosshair is one of the most useful chart inspection tools on MT4. Once active, it shows the exact price and time of any point on the chart, and when you click and drag from one point to ...

Forex trader shows how to use the crosshair on MT4.

How to Use the Crosshair on MT4

Trendlines are a two-point drawing tool on MT4: you place an anchor at one point on the chart and a second anchor at another point, and the platform draws a straight line connecting them. The...

A screen shows how to add a trendline on MT4. 

How to Add a Trendline on MT4

Horizontal lines are the simplest drawing tool on MT4 and one of the most widely-used. They mark a single price level across the entire chart, regardless of time, and stay in place as new bar...

Forex trader shows how to add horizontal lines on MT4 charts. 

How to Add Horizontal Lines on MT4 Charts

Most traders quickly outgrow a single chart window. Monitoring two or three pairs simultaneously, viewing the same pair across different timeframes, or watching correlated instruments side by...

Forex traders showing how to add a second chart to MT4.

How to Add a Second Chart to MT4

The default colour scheme on MT5 (black bars on a white background) is functional but not the only option. Many traders prefer a dark background for long sessions to reduce eye strain. Others...

A forex trader showing how to change chart colours on MT5. 

How to Change Chart Colours on MT5

The default colour scheme on MT4 (black bars on a white background) suits some traders but not others. Many prefer a dark background to reduce eye strain during long sessions, while others sw...

A forex trader showing how to change chart background colour on MT4. 

How to Change Chart Background Colour on MT4

Margin level is a real-time indicator of the financial health of a forex account with open positions. It measures the relationship between your account equity and the margin currently being u...

How to Calculate Margin Level in Forex

A risk-percentage approach to position sizing means deciding in advance how much of your account balance you are willing to lose on any single trade, then calculating the lot size that keeps ...

A forex trader shows how to calculate position size risk percentage. 

How to Calculate Position Size Using Risk Percentage

Calculating profit on a forex trade is a core skill for any trader. The gross profit depends on the direction of the trade, the entry and exit prices, the pip value of the pair, and the lot s...

A forex trader calculates profit on a forex trade. 

How to Calculate Profit on a Forex Trade

The best way to grow a small trading account is to protect your capital first, trade small, manage risk carefully and focus on building consistent habits before trying to make large returns.
...

Best Way to Grow a Small Trading Account

The spread is the difference between the bid and the ask price on a forex pair, and it represents the first cost you pay on every trade. Converting that spread from pips into account-currency...

A forex trader shows how to calculate spread cost in forex. 

How to Calculate Spread Cost in Forex

Swap is the overnight financing charge applied to forex positions held past the daily rollover. It can be a credit or a debit depending on the interest rate differential between the two curre...

A forex trader shows how to calculate swap cost on a forex trade. 

How to Calculate Swap Cost on a Forex Trade

The chart timeframe in MetaTrader 4 controls the time period each candle or bar represents. Switching between timeframes is one of the most basic and frequent actions in MT4, used to zoom out...

A screen shows how to change chart timeframe on MT4. 

How to Change Chart Timeframe on MT4

A demo account is a risk-free way to practice trading on MetaTrader 4 using virtual funds. It lets you learn the platform, test trading strategies, try Expert Advisors, and get familiar with ...

A forex trader showing how to open a demo account on MT4.

How to Open a Demo Account on MT4

A forex quote shows the live exchange rate between two currencies, expressed as the price at which the market will buy or sell one for the other. In MetaTrader 4, forex quotes appear as a pai...

Forex traders show how to read a forex quote in MT4.

How to Read a Forex Quote in MT4

Switching from MT4 to MT5 at TIOmarkets is straightforward in principle but worth understanding before you start. MT4 and MT5 are separate platforms with separate logins, separate file struct...

A forex trader shows how to switch between MT4 and MT5.