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A structured trading curriculum across stocks,
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  • 01What is Trading?
  • 02Trading 101
  • 03Risk & Money Management
  • 04Setting Up Your Trading Setup
  • 05TA Masterclass
  • 06Fundamental Analysis for Traders
  • 07Trader Mindset
  • 08Build Your Trading System

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  • Fundamental Analysis

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Home>Courses>Setting Up Your Trading Setup>Lesson 4 of 8

Getting started with MetaTrader

The industry-standard platform for forex and CFDs, and how to find your way around it.

Setting Up Your Trading Setup·Lesson 4 of 8

All lessons

By the end of this lesson you'll be able to:

  • 01Explain what MetaTrader is
  • 02Tell MT4 and MT5 apart
  • 03Place a basic order in MetaTrader
1

Step 1 · Read the guide

Read the guide first

Everything the quiz asks is covered in the linked guide. Read it, then answer the questions below.

What Is MetaTrader? A Beginner’s Guide to MT4 and MT5
Key terms
MetaTraderTrading PlatformLotStop Loss

Step 2 · Take the quiz

Quick check

10 questions

Answer all 10, then check. Wrong answers show a hint and a link back to the guide.

  1. Question 01

    What is MetaTrader?

  2. Question 02

    MT4 is best known as the version focused on what?

  3. Question 03

    How does MT5 compare with MT4?

  4. Question 04

    Besides charting, what else does MetaTrader support?

  5. Question 05

    Who decides which MetaTrader version you can use?

  6. Question 06

    What is a standard forex lot?

  7. Question 07

    You accidentally set volume to 10 lots instead of 0.10 on a live account. What does this show you should do?

  8. Question 08

    What should you do before trading live on MetaTrader?

  9. Question 09

    In the order ticket, what should you also set before executing?

  10. Question 10

    In the MetaTrader order ticket, what is volume set in?

Answered 0 of 10 · pass 70% (7/10) to complete

Setting Up Your Trading Setup4 of 8
  1. Choosing a trading platform
  2. How to choose a broker
  3. Broker types: ECN and more
  4. →Getting started with MetaTrader
  5. Using TradingView
  6. Practice with a demo account
  7. Platform order types (OCO, FOK)
  8. Opening a trading account
  9. ⚑Final Assessment· 20 Q