Prepare to use rich technical skills [Musashi Shikanai]
When studying FX trading, you are bound to encounter the word "MT4." Also, many charts you see in magazines and on the web are MT4 charts. This企画 (project) is an MT4 introduction for beginners to learn naturally through chart analysis.
【Ultra-Beginner MT4 Course [Takumi Shikanai]】
・Lesson 1: Chart analysis is best with MT4! The reason
Table of contents for Lesson 2
1. Summary of the last time
2. How to display technical analysis from the initial state
3. MT4, where various technical indicators can be used freely
3-1. You can use 51 indicators from the start
3-2. Additional indicators are developed worldwide
4. The flow to display a chart and show moving averages
4-1. 1. First, close all unnecessary windows that are open
4-2. 2. Open a chart for your desired currency pair
4-3. 3. Change the chart to familiar candlestick format
4-4. 4. Try displaying moving averages on the chart
Summary of the last time
1. MT4 is a free charting software from Russia and has been available since 2004.
2. MT4 is multifunctional: chart analysis, automated trading, backtesting, and discretionary trading are possible.
3. The advantages for discretionary traders to perform chart analysis with MT4 are substantial.
4. As of April 2017, eight companies in Japan handle MT4.
5. While many overseas FX firms offer MT4, they do not hold licenses in Japan and fall outside the Financial Services Agency's jurisdiction, so you have nowhere to consult in case of trouble.