MetaTrader 4 is a trading platform for forex and CFD markets. It is popular among traders because of its customisable charts, built-in indicators, back-testing, and algorithmic trading features. One of the biggest advantages of MetaTrader 4 (often shortened to MT4) is that it is available on different platforms. In addition to a version for desktop and laptop computers, there are MT4 mobile apps. 

The MT4 Android app offers many of the features available on the desktop version, including live quotes, customisable charts, and one-tap trading. If you also run MetaTrader on a PC or Mac, you can download MT4 for Android when you want to trade but are away from your computer. 

After you complete the MetaTrader 4 Android download, you can trade forex pairs, share and index CFDs, and invest in commodity markets. Because of the flexibility, speed, and charting options, MT4 is an excellent choice for these markets. 

Let’s take a look at the advantages, features, and nuances of using MT4 for Android.

Download MetaTrader 4 Android device requirements

MetaTrader 4 works on various Android devices. Here is a look at the minimum requirements necessary to run the software. 

When you download MetaTrader 4 from the Google Play Store, it should automatically tell you whether you can download the app to your connected Android devices. The app should work as long as your phone or tablet runs Android 4.0 or later. MT4 also requires only 4.2 MB of free disk space. 

How to download MT4 for Android

MetaTrader 4 is available on the Google Play Store or via an Android Package Kit (APK) installation. 

The most straightforward option is to visit the Google Play app store and download it from there. 

• Open the Google Play app and type MetaTrader 4 in the search bar. 

• When you arrive at the official MetaTrader 4 download, tap “Install.” 

• Wait for the installation to complete and verify that the app icon appears on your phone or tablet. 

You can also download the APK from the MetaTrader 4 website via your phone’s browser. Then, you should open the file and complete the steps as directed. Though installation is straightforward, the Google Play option is easier because it does not require technical knowledge and completes in fewer steps. 

Once the app is on your device, you will need to sign in with your brokerage login to connect your account to the app. 

• Open the app. 

• The first time you open the app, click on the MT4 icon near “Managed Accounts.”

• You click the + (plus) to add a new account. 

• If you have a VT Markets brokerage account, click “Login with an existing account.” 

• Use the same credentials you use for desktop and browser logins. 

You can select a demo account if you have opened a demo account with VT Markets. 

How to learn with the MT4 Android app

Traders can learn forex trading or perfect their share CFD strategies by using the MetaTrader 4 demo feature. This feature allows you to trade using live market data and conditions. However, your account uses play money rather than actual capital. If you make mistakes, which will likely happen while you are negotiating the learning curve, you will not lose money. 

Even advanced traders can move back to the demo mode in MT4 to try new strategies in a low-stress environment. 

MetaTrader 4 Android also has a back-testing feature. This mode allows you to use historical market price data to test automated strategies. Since forex markets often trade within ranges and have repeating price patterns and support and resistance levels, past trends will likely repeat. Therefore, back-testing is an effective way to test your strategies. 

If you would like to build confidence with a demo account using an Android device, you can visit VT Markets to open a demo account. 

Benefits of MT4 for Android

MetaTrader 4 for Android has many of the features of the other versions of the platform. 

The most obvious advantage of mobile MT4 versions is that you can trade from anywhere if you have a Wi-Fi or data connection. Here is a look at the other benefits you can enjoy when trading with the MT4 Android app: 

• A full-featured trading system — MT4 for Android has all the order types and execution modes you get with the desktop version. You can use limit and market orders and risk management tools like stop-loss orders, which you can alter to reflect current market conditions. A history window allows you to see past trade amounts and results. 

• A dedicated trade window — The trade window contains information about currently open positions so that you can closely track your market exposure. 

• Three chart types — You can choose from bar charts, candlesticks, and broken line charts.

• Nine different time options — Android users can select from nine different timeframes, from short-term 1-minute and 5-minute charts to 1-day and 1-month charts.

• Popular technical indicators — Mobile MT4 users have access to 30 of the most-used indicators on the MT4 platform. These come with some of the customisation features available to desktop users. You can open up to 10 windows with indicators at one time. 

• Support access — Users on Android can contact support via chat or email. 

• Analytical objects — The mobile version also has a selection of 24 analytical objects. These include common tools like Elliot wave and Fibonacci levels. 

• News feed — Real-time reports allow mobile traders to keep up with the latest market news and announcements and make informed market decisions. 

You can easily switch between the desktop and mobile versions of MT4 with the same login credentials from your brokerage account. 

A closer look at the instruments you can trade with MetaTrader 4

MT4 is a popular platform for traders who prefer forex markets and derivatives like CFDs. Here are the markets you can access after you download MetaTrader 4 Android device apps and connect an account with VT Markets: 

• Forex pairs — Major and minor forex pairs trade 24 hours per day. You can trade major pairs like EUR/USD and AUD/USD or try cross pairs like GBP/JPY. 

• Indices — Major stock market indices like the S&P 500, Dow Jones Industrial Average, Nikkei 225, and S&P/ASX 200 offer exposure to an entire market. Contracts for difference (CFDs) allow you to trade these markets using leverage without having a brokerage account in each country. 

• Shares — CFD shares allow you to access stocks without a traditional brokerage account. You can day trade without worrying about pattern trading restrictions limiting retail traders’ access in many stock markets. 

• Metals — Gold and silver are ideal for both long-term investment and short-term speculation. With CFDs, you can trade spot markets like XAU/USD (gold) with leverage. 

• Energies — Crude oil is one of the most exciting markets, with prices reacting to industry news and major economic reports.

• Soft commodities — Soft commodities like cocoa, coffee, sugar, soy, and wheat are unique because of their seasonal price movements and the ability to trade them using either fundamental or technical analysis. 

• Exchange-traded funds (ETFs) — Exchange-traded funds offer access to various industries and economies. You can access it via a CFD even if you are not in the country where a particular ETF trades. If you take this route, you can use the MT4 Android app for trading. 

A broker like VT Markets offers access to all these instruments with favourable trading features. 

Trade on the MT4 Android app with VT Markets

VT Markets offers MetaTrader 4 accounts for desktop (PC, Mac, Linux), web-based trading, and mobile apps (Android and iOS). We offer fast account setup, so you can quickly open a forex account and connect your MT4 Android app. You simply have to register your account, fund it, and connect MetaTrader 4. After you take these three steps, you can start trading. 

VT Markets boasts over 1,000 tradable instruments, including CFD shares, forex pairs, energy and metal commodities, and index CFDs. You can enjoy lower trading costs with spreads as low as 0 pips or points on some forex pairs and contracts. You can also take advantage of promotional offers, including deposit bonuses, free trading signals, and tools. 

If you are new to trading or a novice in CFDs and forex, you can take advantage of our demo account for MetaTrader 4 to learn without risking your capital until you gain confidence. 

If you want to enjoy these benefits, you can open a forex account and begin trading. If you have any questions or concerns, you can contact us anytime.

MetaTrader 4 is a platform with charting tools, analytical tools, and indicators for technical analysis. It also offers news feeds and other features that appeal to chart-based and fundamental traders. Additionally, it works for automated algorithmic trading. 

MetaTrader 4 (often shortened to MT4) is flexible and accessible in terms of its charting tools, indicators, and trading windows. It is available on all major operating systems and different types of devices. A version for desktop and laptop computers is available for download, and you can access the platform via a browser-based system. There are also MT4 for iPhone and Android apps. 

The MetaTrader 4 iPhone app has many of the same customisation options available on desktop and browser-based platforms. The big advantage of MT4 is that you can trade on a computer and switch to your MetaTrader 4 iPhone app when you are away from your desk or office. You can access your favourite markets if you have a data or WiFi connection. 

After you download MT4 for Apple iPhone, you can trade forex, share CFDs, indices, metal, and energy markets. 

Here is an in-depth look at the process, advantages, and features of MT4 for iPhone.

Metatrader 4 iPhone download requirements

You can download MT4 for iPhone and iPad from the Apple App Store so long as you meet the following download requirements:

• Your device needs iOS 7.0 or later. 

• You need 12.4 MB of free space. 

• You must have a VT Markets or other brokerage account that you can use to log in to MT4 for iPhone once it’s downloaded. 

How to download MetaTrader 4 iPhone app

Here’s how you can download MT4 for iPhone via the Apple App Store:

• Open the App Store on your iOS device. 
• Search for MetaTrader 4.
• Tap “install” and wait for the process to complete. 

Once you complete the MetaTrader 4 iPhone download, you can set up your trading account. If you have a live account or demo account on VT Markets, you can connect it immediately and start trading. Here is the process for taking this step:

• Open the MT4 app. 
• Tap “Settings” in the lower corner (right-hand side) and select New Account. 
• You will see and tap an option for “Login to Existing Account.” 
• Scroll down to find the Live and Demo options for VT Markets. 
• Use your regular login credentials to connect your account to your iPhone. 

You should then have full access to all the mobile trading features available on MT4 for iPhone. 

How to learn to trade after you download MT4 for iPhone app

If you are new to MT4 and currency or CFD markets, you can learn forex trading using a MetaTrader 4 demo account. This option is an effective learning tool because it uses live market data and the conditions you would experience when trading with real money. 

Mistakes are inevitable as you begin trading. With a demo account, you can learn from your mistakes without actually losing your capital. This approach saves you money and mitigates stress as you learn how to navigate markets using MetaTrader 4. 

Once you feel confident, you can switch to a live account and begin trading. 

Advanced traders can keep their demo account and use it to try new strategies in a low-stress environment.

The MetaTrader 4 iPhone app offers back-testing as well. This feature lets users rewind the markets and test their strategies using historical price data. This approach is especially effective for testing automated strategies. 

If you are new to forex and CFDs, you can visit VT Markets to open a demo account and build your confidence before diving into real-money trading.

The features available on MT4 for iPhone

The MetaTrader 4 mobile platform has many of the features of the desktop and web versions.

Obviously, for many traders, the primary feature is the ability to stay connected to markets once you step away from your desktop. You will not be tied to your computer while you have open positions. 

Also, with some mobile trading apps, you have to sacrifice features, which could make implementing your strategy difficult. With MT4 for iPhone, however, that is not the case. Here are the features you get to enjoy:

• Important order options — The MetaTrader 4 iPhone app has all the order types available on the desktop version. You can set limit orders or execute trades immediately with market orders. Meanwhile, stop-loss and take-profit orders can help with risk-reward setups.

• A dedicated trade window — You can monitor open positions with a special trade window. This feature helps you stay up to date regardless of your location. 

• Multiple chart types — The app allows you to track price action with bar, candlestick, and broken line charts.

• Nine different time options — iOS users can access short and long-term timeframes. The options include 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, 4-hour, 1-day, 1-week, and 1-month charts.

• A full range of technical indicators — Mobile traders have access to 30 technical indicators, including Bollinger Bands, RSI and stochastic oscillators, and moving averages. 

• Support access — Users can contact support via chat or email directly from the app.

• Analytical tools — MT4 for iPhone also offers objects for additional analysis. For example, you can create trend lines and calculate Fibonacci retracement ratios. 

• News feed — Traders can access important market news and get alerts on their iPhones.

You can use the same login credentials for mobile and desktop versions, so MT4 can serve as your complete trading solution regardless of location. 

Markets you can trade with MT4 for iPhone

MetaTrader 4 is popular with market players who focus on forex and derivatives, such as contracts for difference (CFDs). Here is a look at the markets you can access after you download MT4 for Apple iPhone: 

• Currency — Forex pairs trade 24 hours per day on a global marketplace. You can trade AUD/USD, USD/JPY, and dozens of other markets at any time with your mobile app.

• Index CFDs — Stock market indices like Dow Jones Industrial Average (DJIA), S&P/ASX 200, and FTSE 100 provide exposure to the most important markets in a given country. CFDs allow you to invest in these markets using leverage, even if you are outside the home country where they are traded.

• Stocks — Shares and CFDs track major stocks from around the world. You can trade blue-chip companies even if you lack a full stock brokerage account. 

• Metals — Gold and silver offer both trading and investing opportunities. You can access spot markets like XAU/USD (gold) and XAG/USD (silver) for day trading or hedging against inflation or market uncertainty.

• Energies — Brent and WTI crude oil markets, along with natural gas, have the features and volatility to attract speculation from traders willing to take on more risk. You can use MT4 to track and trade these markets using futures or CFDs. 

• Other commodities — So-called soft commodities, such as cocoa, coffee, sugar, soy, and wheat, offer an alternative to other forms of investment. These assets have different features, such as seasonal price fluctuations and yield data, which make them an interesting alternative for traders who want to speculate on commodities.

• Exchange-traded funds (ETFs) — ETFs track industries, economies, or sectors. They use a collection of stocks, bonds, futures, and other assets to follow specific markets. You can access these funds directly from a stock brokerage account, making them more accessible than mutual funds. However, you can also use CFDs to track and profit from the price movements of ETFs from major global markets.

The best way to access all these markets and investment instruments is with MetaTrader 4 and a trusted CFD broker like VT Markets. 

Invest in forex and CFDs with MT4 for iPhone and VT Markets

VT Markets offers access to all versions of MetaTrader 4. 

You can use a laptop or desktop with a PC, Mac, or Linux OS to download the full version of MT4. The platform is also available for web-based trading via a browser. Then, you can invest anywhere with Android and iOS apps.

If you choose VT Markets, you can enjoy a fast account setup. You can be ready to trade in three steps: open an account, find it, and download and log in to MetaTrader 4.

VT Markets has more than a thousand CFDs tracking the world’s most traded markets. Trading is low-cost, thanks to variable bid/ask spreads that approach 0 pips. You can also take advantage of promotional offers, such as a deposit bonus, to increase your capital. Additionally, VT Markets offers free trading and analytics tools for all traders who open and fund an account. 

VT Markets also offers a MetaTrader 4 demo account option, so you can learn the ins and outs of trading before investing capital in the market. 

If you want to enjoy these benefits, open an account, download the MetaTrader 4 iPhone app, and begin trading. 

You can contact VT Markets anytime if you have any questions or concerns.

When approaching the forex market, traders must use reliable platforms that provide the capability, flexibility, and analytical power needed to develop individual forex strategies. One of the best-known platforms in the market is the MetaTrader 4 (MT4) solution, and Mac users can download a version of this platform that is optimised for Apple’s hardware and operating system.

Read on to discover more about Metatrader 4 for Mac, including a rundown of some of the platform’s advantages. We’ll also look at how to download and install MT4 on Mac with your VT Markets account.

Why traders choose MetaTrader 4

Why choose MetaTrader 4 for your Mac? Traders choose MT4 as their ideal forex platform for many different reasons. MT4 is a good choice for traders across all backgrounds and styles, from short-term day traders to those opening longer-term positions.

A flexible array of options

There are many different traders out there, each with their own market objectives and trading styles. This means the best trading platforms must reflect this, offering their users a diverse array of options. MetaTrader 4 is a great choice in this department, allowing individuals to build a strategy that suits their needs.

Whether you want to open swing positions over multiple days or execute trades on a short-term basis, MetaTrader 4 can support this. Unlike other platforms on the market, there are no restrictions and limitations on the trades you can make via MT4 on your Mac device. If your strategy involves scalping — i.e., executing a large number of ultra-short-term trades with an extremely high frequency — you will be able to do this too. These trades have very tight margins, which means stop loss and take profit tools will be placed with great precision. When you use MT4 to execute trades, precise placement is straightforward.

Narrow spreads with VT Markets

Here at VT Markets, we want to give our users the best possible experience when they use MetaTrader4’s Mac platform. To achieve this, we offer narrow spreads to traders when they open positions on MT4. These spreads can be as tight as 0 pips in some cases.

The spread is the difference between a forex pair’s buying and selling price. This is critical for traders, as it represents the price you will have to pay to open your position. So, the narrower the spread, the better the deal for you when you trade. We monitor these spreads closely and always endeavour to offer industry-leading service to our users.

Real-time trading insights and execution

The forex market moves rapidly, so your chosen trading platform needs to be up to the task. You have to be able to analyse the market in real-time, assessing the latest movements, predicting upcoming shifts, and deciding on the best course of action for your strategy. MetaTrader 4 supports this, utilising your Mac device’s and the platform’s swift capabilities.

Of course, this is only possible when the platform is backed up with reliable servers. At VT Markets, we use trading servers situated right in the heart of the trading action in the financial centres of London and New York. This helps VT Markets users leverage the latest trading insights and execute actions without latency. 

To link up with these services, we deploy fibre-optic connectivity solutions from our partners at Equinix, creating a network that users can rely on even when trading volumes begin to rise at key points throughout the day. Incorporating the Metatrader 4 download on Mac and VT Markets servers into your strategy results in a slick and highly responsive experience when you trade.

This is important to traders of all styles, but it’s vital for anyone adopting a short-term day trading or a scalping strategy. If you use this lightning-quick approach, the smallest pip movements over just a few minutes — or even just a few seconds — can make or break the trade. Waiting for the market dashboard to update or working with out-of-date forex data is unacceptable. Instead, you need to leverage the real-time trading advantages MetaTrader 4 provides.

Learning key trading techniques in a risk-free environment

If you are using the MetaTrader 4 platform to learn forex trading techniques, downloading the MT4 demo account to your Mac is a perfect choice. With this demo version of the platform, you will still have access to all of the tools, indicators, features and capabilities of the full trading platform, giving yourself a chance to learn the ropes of how forex trading works and how to get the best from the solution. There’s just one difference — it’s totally risk-free.

On the demo account, you will not need to put forward any of your own capital to trade with. You will not have to add any funding methods to your account or keep your account topped up during use. Essentially, you are going through the motions of trading, exploring the market and platform with no potential for profit but with no risk. 

Once you are more comfortable with trading via MT4 on your Mac, you can start using a live account and begin making trades and opening positions for real. Bear in mind that there are no guarantees in trading, and there is always a potential risk when opening live positions.

Advanced technical analysis and automation

More advanced traders need to be able to draw upon a wealth of different market indicators and technical analysis features. While these features don’t offer any certainties, they are useful for traders as they seek to build a careful, considered, data-driven forex strategy. Choose from various indicators — such as Relative Strength Index (RSI), Bollinger Bands, and Moving Averages (MA) — as you gain more insight into market movements.

Traders can also utilise features like MT4 Expert Advisors to automate some aspects of their strategy. Again, this does not guarantee a profit, but it may make it easier for traders to remain within their pre-defined strategy.

Reliable security and stability 

Large amounts of money change hands on the foreign exchange market every trading day. With such a high volume of transactions, security is paramount. Traders need to know that the platform they choose offers robust security they can rely on. MetaTrader 4 utilises 129-bit key encryption and trader IP masking so that you can confidently use the platform. MT4’s security is enhanced further by the Mac device and OS — Apple has made safety and security key to its brand and product identity.

Stability is also crucial. As a trader, you need to know that your chosen platform is there for you when you need it. Again, the pairing of MetaTrader 4 software and Apple’s Mac devices ensures this.

Installing Meta Trader 4 for Mac

How do you install the Mac version of MetaTrader 4? To begin, you’ll need to sign up for an account with VT Markets.

• Anywhere on the VT Markets website, scroll up to the top banner and select Open Live Account.

• Select account type. If you are an individual trader, select an individual account type.

• Enter your identifying information.

• Open your email and confirm your VT Markets account.

• Follow the simple steps to complete the setup. This should take you at most five minutes to complete!

With your account now set up, you’ll need to download MetaTrader 4 for your Mac device.

• Log in to your account on the VT Markets website. 

• Head to the MetaTrader 4 page on the site and select the Download on Mac option.

• Save the MT4 file in your Applications folder.

• Open the Applications folder and select the MT4 program file you downloaded.

• Follow the step-by-step installation wizard to install MT4 on your Mac, then hit Finish.

• Use your VT Markets credentials to set up your MetaTrader 4 account.

Trade with MT4 on your Mac

Whether you are just starting out with forex trading or already have considerable experience, VT Markets can help you take those all-important next steps on your journey. 

We provide several platforms and tools to help you build your strategy, including the Acme MetaTrader 4 platform on the Mac. Set up a demo account to grow your understanding of the platform in a risk-free environment, and then begin making trades for real with a live account. Interested in learning more about trading with VT Markets and MT4? Reach out to our team today. 

U.S. equities continued to march higher over the course of Tuesday’s trading. During his scheduled speech at the Swiss Riksbank, Fed chair Jerome Powell kept muted about the Fed’s upcoming monetary policy directions.

Market participants thus interpreted the muted response as a positive sign for equities; furthermore, the upcoming CPI report, scheduled for Thursday’s American trading session, is widely predicted to come in softer than expected. The Dow Jones Industrial Average gained 0.56% to close at 33704.1. The S&P 500 climbed 0.7% to close at 3919.25. The tech-heavy Nasdaq Composite gained 1.01% to close at 10742.63.

The benchmark 10-year U.S. treasury yield slipped 13 basis points to close at 3.606%, while the short-term 2-year yield ended the day at 4.245%.

The recent equity market rally, which began on the 6^th, extended into its third trading day. Market participants are aided by the weakening Dollar and betting on a possible decrease in the Fed’s interest rate hike pace; however, as mid-January and late January roll around the corner, so is earnings season for major corporations. Fiscal 2022 Q4 earnings are expected to be lower than previous quarters as corporations begin to feel the pain of the consecutive 75 basis point interest rate hikes.

Main Pairs Movement

The Dollar index, which tracks the U.S. Greenback against a basket of major foreign currencies, has continued to decline for the third straight day. Market participants are bidding down the Dollar as they expect the Thursday U.S. CPI report to come in softer than expected. However, market participants should be aware that during his speech at Sweden’s Riksbank, Fed chair Jerome Powell noted that the Fed might need to make an “unpopular decision” to further bring down prices to the targeted 2% inflation rate.

EURUSD climbed 0.05% over the course of Tuesday’s trading. Range-bound trading for the pair is expected prior to Thursday’s major economic data release.

GBPUSD retreated 0.27% over the course of yesterday’s trading, despite a weaker Dollar. Thursday and Friday could be volatile for Cable as major economic data will be released by the two nations.

Gold climbed 0.28% over the course of Tuesday’s trading. The Dollar denominated Gold has continued to climb for the third straight day and now faces a key price level of $1870 per ounce.

Technical Analysis

EURUSD (4-Hour Chart)

The EUR/USD pair advanced higher on Tuesday, trading in a tight range and rebounded slightly towards the 1.0750 mark amid the fading market optimism that dominated the start of the week. The pair is now trading at 1.0737, posting a 0.09% gain on a daily basis. EUR/USD stays in the positive territory amid renewed US Dollar weakness, as the greenback came under selling pressure after FOMC Chairman Jerome Powell refrained from commenting on the policy outlook. However, comments by Fed policymakers emphasizing the central bank’s resolution to curb inflation slightly weighed on investors’ mood, as Fed’s Daly and Bostic added that rates would need to be above the 5% range and would need to be held higher for longer. In the Eurozone, the rising German 10-year Bond yields are acting as a tailwind for the EUR/USD pair. Meanwhile, European Central Bank officials continue to speak with a hawkish tone.

For the technical aspect, RSI indicator 63 figures as of writing, suggesting that the bull is more favoured as the RSI stays above the mid-line. As for the Bollinger Bands, the price is hovering between the upper band and the moving average, therefore the upside traction should persist. In conclusion, we think the market will be slightly bullish as the pair is heading to re-test the 1.0750 resistance level. Technical indicators also hold directionless within positive levels, reflecting limited selling interest.

Resistance:  1.0750, 1.0786

Support: 1.0710, 1.0624, 1.0548

GBPUSD (4-Hour Chart)

GBP/USD loses upward momentum and falls to around 1.2150. The US dollar index remains prudent in the cautious market mood and makes it difficult for the pair to gain traction. The US dollar index is currently trading at 103. On the other hand, US Treasury yields regain some upward traction and bounced off recent lows. As for Fed Chair Powell’s speech, there are no initial comments on current US economic or monetary policy from Powell in Sweden. Powell’s comments are on central bank independence and climate policy-making. The market now lacks catalysts. For more price action, eye on the US CPI report on Thursday.

For the technical aspect, the RSI indicator is 60 figures as of writing, suggesting that the pair is in bullish mode as the indicator keeps in a bullish region. For the Bolling  Bands,  the price is hovering between the upward average and upper bound, signalling that the trend is still upward. For the price action, the pair is now trading between the first resistance and the first support transformed from resistance after the breakthrough. In conclusion, we think GBPUSD is in a bullish mode based on the technical analysis. For the uptrend scenario, if the price breaks the resistance at 1.2233, it may head to test the resistance at 1.2450. For the downtrend scenario, if the price close negative below support at 1.2110, it may head to test the support at 1.1927.

Resistance: 1.2233, 1.2450

Support: 1.2110, 1.1927, 1.1765

XAUUSD (4-Hour Chart)

Gold price loses upward momentum on Tuesday as the US dollar index remains prudent on the cautious market mood. At the time of writing, gold price hold around $1,872. On the other hand, US Treasury yields regain some upward traction and bounced off recent lows. The benchmark 10-year US Treasury bond yield is up nearly 2% on the day at around 3.6%, limiting the upside for gold prices. For more price action, eye on the US CPI report on Thursday, which may provide cues of future monetary policy.

For the technical aspect, RSI indicator 62 figures as of writing, holding above the mid-line, suggesting that the pair is in bullish mode. For the Bolling  Bands, the price is hovering between the upward average and upper bound. The upward trend should persist. For the price action, the price holds in a narrow range from Monday as the market now lacks catalysts. In conclusion, we think the gold price is still in a bullish mode based on the technical analysis. For the uptrend scenario, the price needs a decisive breakthrough to trigger the follow-through buy interest. For the downtrend scenario, traders should aware of the key level at $1,830. If the price drop below this level on the 4H chart, it may change the current trend.

Resistance: 1879, 1889

Support: 1830, 1775, 1735

Economic Data

Dear Client,

Due to high market volatility, VT Markets will adjust the leverage of US CFD Shares starting 16 January 2023:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

Please note that other contract specifications will remain the same.

If you’d like more information, please don’t hesitate to contact [email protected].

U.S. equities witnessed a volatile trading session on the first trading day of the week. The initial hours of the American trading session saw equities extend their risk rally that started last Friday, however, markets turned cautious after Atlanta’s Fed president Raphael Bostic reiterated the central bank’s intentions of increasing rates beyond 5% to control inflation.

The Dow Jones Industrial Average lost 0.34% to close at 33517.65. The S&P 500 edged 0.08% lower to close at 3892.09. The tech-heavy Nasdaq Composite gained 0.63% to close at 10635.65.

The benchmark U.S. 10-year treasury yield gained 19 basis points and was last seen trading at 3.536%; while, the 2-year yield currently trades at 4.212%.

Tesla Inc’s 6% rally on Monday led the Nasdaq Composite to notch a winning session. Tesla has recently announced another round of price cuts in its China market to compete against growing Chinese-originating EV producers—specifically BYD.

Market participants will now turn their attention to the key U.S. CPI release scheduled for the American trading session on the 12^th.

Main Pairs Movement

The Dollar index, which tracks the U.S. Greenback against a basket of major foreign currencies, continued to slump on the first trading day of the week. The Dollar index fell 0.71% throughout Monday’s trading as market sentiment continues to turn risk on.

EURUSD climbed 0.83% throughout Monday’s trading. The broad-based weakness of the Dollar allowed the Euro to climb for the second consecutive day.

GBPUSD rallied 0.8% over Monday’s trading. Price action for Cable could be dramatic as major economic data releases are scheduled for both the U.S. and Britain starting on Thursday.

Gold climbed above $1880 per ounce throughout Monday’s trading, but the precious metal could not hold its value as the Dollar made a late-session comeback. Gold was last seen trading at $1869 per ounce.

Technical Analysis

EURUSD (4-Hour Chart)

The EUR/USD pair advanced sharply on Monday, preserving its upside traction and clinched fresh multi-week peaks amid investors’ re-assessment of the potential next steps by the Federal Reserve when it comes to future interest rate hikes. The pair is now trading at 1.0747, posting a 1.03% gain daily. EUR/USD stays in the positive territory amid a weaker US Dollar across the board, as the risk appetite and lower US Treasury bond yields dragged the greenback to the lowest level since June 2022 near the 103.00 mark. The solid job creation alongside easing wage pressure both boosted speculations about a slowdown in the Fed rate hike cycle, favouring an increase of 25 basis points instead of 50 bps. The wage growth seems to have lost momentum, leading traders to start pricing in some probable pause in the Fed’s hiking cycle. In the Eurozone, the Unemployment Rate in the broader Euroland remained steady at 6.5% in November. The improving market mood also provided a boost to the EUR/USD pair as investors await comments from Fed officials.

For the technical aspect, RSI indicator 72 figures as of writing, suggesting the pair is now facing heavy bullish momentum as the RSI approached overbought readings. As for the Bollinger Bands, the price is moving alongside the upper band, therefore a continuation of the upside trend can be expected. In conclusion, we think the market will be bullish as the pair is heading to test the 1.0786 resistance level. Technical readings in the four-hour chart also skew the risk to the upside.

Resistance:  1.0786, 1.0921

Support: 1.0710, 1.0624, 1.0508

GBPUSD (4-Hour Chart)

GBP/USD advances on the soft US dollar index on Monday. Market participants now expect that the US Federal Reserve would slow down rate hikes as the US inflation report and employment report cause an upbeat market mood. On the other hand, UK politics and hawkish BoE commentary also lift the GBP/USD. UK Prime Minister Rishi Sunak said that inflation is not guaranteed to decline in 2022 and that the government would need to be disciplined to curb inflation, Reuter reported. BOE’s policy maker Catherine Mann said that Price caps on energy in response to a price surge following Russia’s invasion of Ukraine might be sparking inflation in other sectors by boosting consumer spending. At the time of writing, the GBP/USD is trading at 1.218.

For the technical aspect, RSI indicator 67 figures as of writing, suggesting that the pair is in bullish mode as the indicator keeps going up. For the Bolling  Bands,  the price is moving higher between the upward average and upper bound, signalling the recent upward trend. For the price action, the price broke through the first resistance at 1.2210 and is now testing the resistance at 1.2233. If the price closes above the current resistance on the 4H chart, it may head to test the pivotal resistance at 1.2450, which is also the highest since June 2022. In conclusion, we think GBPUSD is in a bullish mode based on the current market mood and the technical analysis.

Resistance: 1.2110, 1.2233, 1.2450

Support: 1.1927, 1.1765

XAUUSD (4-Hour Chart)

The broad US Dollar weakness pushed the gold price to $1,881 on Monday, its highest since June 2022. The Us dollar index fell on an upbeat market mood amid speculation that the federal reserve has room to slow down its pace of monetary tightening. On the other hand, China opened sea and land crossings with Hong Kong on Sunday and ended a requirement for incoming travellers to quarantine, which will positively influence global growth and lift the risk appetite. At the time of writing, gold price hold around $1,872.

For the technical aspect, RSI indicator 66 figures as of writing, holding close to the overbought zone, suggesting that the pair is in bullish mode. For the Bolling  Bands, the price is moving up between the upward average and upper bound, which is a standard pattern for the upward trend. For the price action, the current pivotal support is at $1,830, which is also the critical price for bull-bear conversion. In conclusion, we think the gold price is in a bullish mode based on the current market mood and the technical analysis. On the downside, traders should aware of the critical level at $1,830. If the price drop below this level on the 4H chart, it may change the current trend.

Resistance: 1874, 1884

Support: 1830, 1775, 1735

Economic Data

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Metatrader 4 for PC is an easy and flexible online trading system for managing Forex trades and strategies. The VT Markets version of the MT4 platform provides a wide array of market analysis tools, such as Expert Advisors, that can be used to gain insight into the patterns of the global foreign exchange markets, without the requirement of constantly scanning the market manually. Coupled with our highly competitive pricing, forex traders are able to develop and implement strategies with minimal ongoing effort.

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Getting Started

• Download the VT Markets MetaTrader 4 (MT4) software
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VT Markets have expanded the capabilities of MT4 by adding new and exciting features, including:

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If you’re a forex trader you’ll know that MetaTrader 4 is the king of Forex trading platforms. Not only does it allow you to place and manage orders, undertake various technical analysis functions and auto trade, it also allows you to do plenty of not-so-well-known things. Let’s talk about a few.

First, the ruler tool. This is super handy when measuring this distance (in pips) between two points… ie stop loss and entry, etc. So how do you get this tool? Simple, click on the cross hair, or press Ctrl+F and click and drag between two points. You’ll find all sorts of handy info such as pip-distance, the number of bars in a range and the date. Not bad!

Secondly, if there are some indicators, scripts or EAs that you frequently use, why not make it easier to access them. Simply right-click on the item of your choosing and select ‘Add to favourites’. Now that was simple!

When it comes to becoming a better trader, it is super beneficial to go back over previous trades to see what you did right or wrong. So for a deeper look into your closed trades in MT4, pop on over to ‘Account History’ in the terminal. Just click on a closed position, drag it on to the chart in which you placed the trade, and presto, you’ll see the entry, target, exit mark data as well as the stop less, etc. This is great to see how you can improve on your market timing, stop losses and profit targets, as well as further refining your setups.

Use a customised template that you’ve created and are sick of always switching to it when you open a new chart? Well, here’s one for you. Set up your template to exactly how you like it, right click and choose ‘Template – Save Template’, and save it as ‘Default’. Now, every time you open a new chart it will automatically have your template as the MetaTrader 4 default.

I personally find it helpful to write notes on charts so that when I’m reviewing my trades I can go back to exactly why I took the trade, emotions, thoughts, things I notice about the market, etc. To do this, head up to the Insert menu and choose ‘Insert Text’ and you can enter whatever you want. And, you can use multiple text boxes.

There you go, I hope these few little not-so-well-known tips and tricks make your MT4 life just a little bit faster and easier.