The forex market is a global decentralized market where currencies are traded. Forex trading involves speculating on the price fluctuations of one currency against another. Metatrader is a popular trading platform used by traders to access the forex market. It provides traders with a wide range of tools to analyze the market, including charts. In this article, we will explain how to get different forex pairs chart on Metatrader.
Step 1: Open Metatrader
The first step is to open the Metatrader trading platform. If you do not have Metatrader installed on your device, you can download it from the broker’s website. Once you have installed the platform, open it and log in to your account.
Step 2: Select a currency pair
The next step is to select the currency pair you want to analyze. To do this, click on the ‘New Chart’ button on the toolbar or go to the ‘File’ menu and select ‘New Chart.’ A new window will appear, and you will be prompted to select the currency pair.
Step 3: Choose the chart type
After selecting the currency pair, you need to choose the chart type. Metatrader provides traders with a range of chart types, including line, bar, and candlestick charts. To choose the chart type, click on the ‘Charts’ tab on the toolbar and select the chart type you prefer.
Step 4: Customize the chart
Once you have selected the chart type, you can customize the chart to suit your trading style. Metatrader allows traders to customize the chart by changing the colors, adding indicators, and drawing tools. To customize the chart, click on the ‘Properties’ button on the toolbar or right-click on the chart and select ‘Properties.’
Step 5: Add indicators
Indicators are essential tools used by traders to analyze the market. Metatrader provides traders with a wide range of indicators, including moving averages, MACD, and RSI. To add an indicator to the chart, click on the ‘Insert’ tab on the toolbar and select ‘Indicators.’ A list of indicators will appear, and you can select the one you want to add.
Step 6: Save the chart
After customizing the chart, you can save it for future reference. To save the chart, click on the ‘File’ menu and select ‘Save Chart As.’ You can then give the chart a name and select the location where you want to save it.
Conclusion
Getting different forex pairs chart on Metatrader is a simple process that involves selecting the currency pair, choosing the chart type, customizing the chart, adding indicators, and saving the chart. Metatrader provides traders with a wide range of tools to analyze the market, making it an ideal platform for forex trading. By following the steps outlined in this article, you can get different forex pairs chart on Metatrader and analyze the market like a pro.
