The First Session: Chart Analysis Is Best with MT4! The Reason [Musashi Shikawa]
As you study FX trading, you will surely encounter the word "MT4." Also, many of the charts you see in magazines and on the web are MT4 charts. This initiative is an MT4 introduction for beginners, designed to help you learn through chart analysis without strain.
FXGokyaku.com Editorial Team Presents【MT4 Start Manual】to all applicants as a gift!
⇒ Click here for details! (You will be redirected to the FXGokyaku.com official site)
We are giving away the MT4 Start Manual (PDF file) that was independently produced by the FXGokyaku.com editorial team to everyone who desires it. If you want to learn MT4 from scratch, please take this opportunity to apply!
Master Chart Analysis First
MT4 is a very feature-rich software that can perform chart analysis, discretionary trading, automated trading, and backtesting. However, in this series we will focus on the “chart analysis” you can do with MT4.
While MT4 is powerful, it can be quite challenging to master all its features at once, and many people may feel overwhelmed. Also, MT4's chart analysis capabilities are outstanding, and many professional traders conduct their daily chart analyses with MT4.
Even if you eventually upskill to other features like automated trading and backtesting, first become proficient at chart analysis.
With MT4, you can arrange many charts on one screen with simple button operations. This is especially convenient for people using small-screen laptops.
The Many Merits of Chart Analysis
Chart analysis features are almost always included in PC or smartphone trading software offered by FX companies. Yet there are clear benefits to performing chart analysis with MT4.
MT4 comes with many technical indicators built in by default, and developers worldwide freely publish additional indicators. It also excels at arranging many charts on one screen, allowing multi-faceted analysis even on small displays.
In addition, as summarized below, there are numerous other benefits, with the clean display and smooth performance being key. Once you get used to it, you won’t want to let go.
Summary of the Benefits of Chart Analysis in MT4
If you want to use a particular technical indicator that is not available in the FX company’s usual trading software, you can usually resolve this by using MT4. MT4 starts with many indicators built in, and if the desired one isn’t default, you can add it as an extension as long as you have the file—and many of these files are distributed free of charge.
The Basic Flow to Use MT4
There are slight differences by FX company, but to use MT4 you need the “software itself” plus “login information.” After launching the software and logging into a valid MT4 account, the latest prices will update.
To find the MT4 account that is most convenient for you, the quickest route is to open and compare all accounts, but opening all at once can be quite a chore. So for starters, why not choose one Japanese FX company that provides MT4 from the list discussed here, open an MT4 account, and start by getting a feel for MT4?
※This article is a re-edited version of FXGokyaku.com’s May 2017 issue
Main Domestic FX Companies Offering MT4
We introduce eight Japanese FX companies that offer MT4. MT4 is also available from overseas FX companies, but since there is little recourse in case of trouble, it is recommended to use domestic FX companies unless you are highly confident or have special circumstances.
・Details of the eight Japanese FX companies offering MT4 (will move to FXGokyaku.com official site)
Satoshi Shikauchi (Musa Shi) Profile
CEO of TCL Co., Ltd. Since FXGokyaku.com’s launch in 2008, has been a member of the editorial team, involved in the operation of the magazine and the official site. In addition to interviewing and article writing, he conducts FX operations as a trader on a daily basis. Favorite indicator: Heiken ashi; favorite method: breakout.
Official site:TCL Co., Ltd.
