Forex Blog

One of the site’s visitors asked me to find the book called MetaTrader 4 for Dummies. After some searching, I decided to share my find with the rest of you. Although it may be called an e-book, MetaTrader 4 for Dummies is more like a collection of small tutorials and tips. It lacks the content structure of a book.

It was compiled by Liam O’Brien, the owner of now defunct website MetaTraderGlobal.com. I use the term compiled instead of written because, apart from several pages, the author only copied the tutorial articles from other websites (providing a proper backlink to the source, of course). The resulting piece is a bit awkward to read, but it does its job well — it guides newbies through the basics of MT4 functionality.

You will learn the following things from MetaTrader 4 for Dummies:

• What MT4 is and why it is so popular.
• How to customize charts.
• How to use MT4 toolbars: windows, chart and objects.
• How to open and close orders, set stop-loss, take-profit and trailing stop orders.
• How to install and activate expert advisors.
• How to use Strategy Tester to test expert advisors.
• Useful hot keys and general tips for working with MetaTrader 4 interface.

To sum it up, MetaTrader 4 for Dummies is an OK e-book if you are completely new to MetaTrader and need some quick guide through its basic controls. Otherwise, there is not much useful information for you in it, except, maybe, for the hot keys and tips in the end of the PDF.

Update 2014-08-25: I had to remove the e-book due to the author’s request, so it is no longer available for download from EarnForex.com, but I am sure that it is still possible to find it online if you are interested in reading it.

If you have some questions or if you would like to submit a review of this e-book, please feel free to do so using the commentary form below.