Exness MT4: A guide for South African traders

If you're new to trading in South Africa, the MT4 Exness platform is an excellent place to start. It’s straightforward, reliable, and perfect for traders looking to get comfortable quickly. Here's a clear, friendly guide to help you navigate the Exness MT4 (MetaTrader 4) platform, from signing up to placing your first trade.

Signing up and Exness MT4 login

Your trading journey starts by creating an Exness account. During registration, select South Africa as your country, which makes ZAR your account currency for easy transactions. You can choose from other currencies options if you prefer. Once your account is verified, you'll receive your Exness MT4 login credentials.

The Exness MT4 download link can be found directly on the Exness website. Log in with your provided Exness MT4 login details and select the correct trading server. Now you’re ready to trade.

Discovering Exness MT4 features

Exness MT4 offers South African traders extensive access to numerous markets, including commodities, stocks and indices, forex, and other popular cryptocurrencies—all under one roof.

The MT4 Exness platform is intuitive and offers the following features:

• Advanced charting: Includes various indicators and drawing tools to analyze market trends effectively.
• Trade management tools: Easily manage risk with features like stop loss and take profit automation.
• Live market quotes: Stay updated with accurate, real-time market data.

Step-by-step guide: Trading with Exness MT4

Here's how to place your first trade:

1. Selecting your trading instrument

• Open "Market Watch" by clicking "View" and choosing "Market Watch."
• Right-click on the asset you wish to trade and select "Chart Window."

2. Customizing your trading chart

• Change your chart style (candlesticks, bar, or line charts) using the toolbar at the top, or simply right-click on your chart and choose your preferred type.
• You can personalize your chart’s appearance by right-clicking, selecting "Properties," and adjusting colors and other settings.
• Save your settings as a template by right-clicking your chart, clicking "Template," and choosing "Save Template." Naming your template allows you to quickly apply these preferences to other charts.

3. Placing a trade

• Select "New Order" on the MT4 Exness toolbar.
• Choose your trading instrument, select your order type ("Market Execution" is the most common), and define your trade volume.
• Optionally, set a stop loss and take profit to manage your risk.
• Execute your trade by clicking either "Buy" or "Sell."

You can also enable one-click trading by right-clicking on your chart and selecting "One-Click Trading." Input your desired trade size and start executing trades swiftly with a single click.

4. Managing trades

• Track open trades in real-time using the "Trade" tab at the bottom section of the platform.
• Easily adjust your stop loss or take profit levels by dragging the dotted lines directly on your chart.
• Close trades instantly by clicking the small 'X' next to the trade entry or right-clicking the trade and selecting "Close Position."

Advantages available for South African traders

Exness MT4 is a great choice for traders in traders in South Africa:

• Local customer support: Assistance is aligned with South African time zones, ensuring you always have support when needed.
• ZAR currency accounts: Manage your funds conveniently without worrying about exchange rates.
• Fast and easy payments: Enjoy quick and hassle-free deposits and withdrawals using local banks and payment providers.

Mobile trading convenience with Exness MT4

Exness MT4 offers a seamless mobile trading app, perfect for South Africans who prefer trading on the move. It allows easy market monitoring, trade management, and execution right from your smartphone, no matter where you are.

Why choose Exness MT4?

• Regulated and secure: Exness is regulated by the FSCA (Financial Sector Conduct Authority), ensuring a strictly compliant trading environment connected to the world’s most popular trading platform.
• Educational resources: Benefit from beginner-friendly resources, including webinars, podcasts, and detailed tutorials.
• Risk-free demo accounts: Practice trading strategies safely without limits using the Exness demo account.

Conclusion

Exness MT4 equips South African traders with a powerful yet simple trading solution. With a commitment to ease of use, extensive educational resources, and robust local support, MetaTrading 4 makes trading accessible and stress-free. Start your trading journey confidently using MT4 with Exness today.

This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.

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Author:

Paul Reid

Paul Reid is a financial journalist dedicated to uncovering hidden fundamental connections that can give traders an advantage. Focusing primarily on the stock market, Paul's instincts for identifying major company shifts is well established from following the financial markets for over a decade.