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The MetaTrader 4 terminal is a perfectly equipped traders workplace that allows to trade in the financial markets (Forex, CFD and Futures). MT4 for Windows Main Features Advanced price charting for professional traders, fully customizable to your preferences Extremely user friendly interface, easy to use Highly secure platform, all data are 128-bit encrypted for your privacy, including in data exchange between client terminal and trading servers 1 Click Trading feature to help you reacting promptly to market changes Easy order placing, including the use of stop or limit order, take profit and stop loss Handles a lot of orders at the same time A lot of useful built-in indicators, supports custom-made indicators as well Expert Advisor support, you can use Metaquotes Language 4 (MQL4) to create your own automated trading script Multiple timeframes to help you analyzing the price actions, in both short and long terms Alert system to remind you for specific occasion, you do not have to sit in front of your computer all days Complete history reporting to analyze your trades For more information please click here.

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One should always use a stop loss. I never enter a trade without a stop loss. I always don't set take profit levels but always have a stop loss with each of my trades. If I don't find a suitable risk reward ratio on a trade then I leave the trade.

Loss is inevitable. It can not be avoided no matter what. No one can predict the future and hence, losses will occur. One should accept it to his or her trading plan.

Experienced traders can participate in demo trading contests. Newbie traders participating in demo contests, I would not advise it. Because it will affect their learning process. So they should use a demo only.

It's profit we all are after. And we are working on it. But to stay profitable in the long run we have to have capital. So we should always maintain our risk.

Well it will take time to understand things. Just don't lose hope and don't abandon trading out of rage. Be persistent and learn from mistakes. They will help one make good decisions in trading.

Agree with everything you said. It can save lots of money if a trader takes demo seriously. But not many traders take this seriously and go for live account. Some pay too much price for this.

I don't agree with this statement. Journal is an important thing and if kept properly then it can be very helpful for traders. It is for laziness we don't keep a journal.

It is well known truth that only a small percentage of traders (you may see 5%, 10% etc.) are getting consistent profit from this market. There is everything in explained all over the internet.

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There is no reason one should not trade unpopular pairs. it totally depends on individual trader that what he or she wants to trade. If one can make positive pips from unpopular pairs then it is fine in my opinion.

MT4 is not popular because broker prefer it but because traders demand it. It is easy to use and has too much extra features which are more than enough for any kind of trader.

It is easy to say that keeping a trading journal. But in reality it is really very difficult. I have tried several times and I failed to keep my journal.

There are 2 things wrong in the title. First is asking how to become a successful trade & second is as soon as possible. No one can teach others how to become successful and there is no quick method to achieve success soon. It will take time.

Just a while ago I saw a post regarding doing demo for 6 months in this forum and that person said it was totally worth it. That shows the person has long term vision towards trading. So prepare yourself with demo before jumping in to live trading.

That's a decent amount of time you spent. And this reflects that you are serious about making long term profit. Have a vision and want to achieve something and have had a plan so you spent this amount of time.

Agree with you. Rush decision always will make one face loss beyond their imagination. They should learn how to control their greed from interfering or their friends should give them sound advice.

Well there are some stock markets where the above mentioned process is still active. People have to go to their broker and ask a trader to place order. In case of forex we are at advantage.

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