Dear Client,

As part of our commitment to provide the most reliable service to our clients, there will be server maintenance this weekend.

Maintenance Hours :

2022/11/12 13:00 – 18:00 (Server time)

Please note that the following aspects might be affected during the maintenance:

During this weekend’s maintenance period, clients can still trade as usual

However, the stability of quotations and market liquidity will be affected and decreased.

Thank you for your patience and understanding about this important initiative.

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

US stocks rebounded sharply on Thursday, regaining upside momentum and surged in a buy-everything relief rally as market participants rushed to price in a pivot in the US Federal Reserve monetary policy as soon as next December.

The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 7.7% on a yearly basis in October from 8% in September. The CPI data came in below the market forecast of 8% and spurred bets the Federal Reserve can downshift its aggressive rate-hike path. Therefore, risk-on flows came back to life and provided strong support to the equity markets. Markets are now pricing in an 80% probability of a 50 basis points rate hike in December following the upbeat US CPI report.

On the Eurozone front, the European Central Bank (ECB) policymakers remained hawkish amid rising recession fears, as they said on Thursday that there is no time for monetary policy to pause and the central bank needs to raise rates into restrictive territory.

The benchmarks, S&P 500 and Dow Jones Industrial Average both surged higher on Thursday as the S&P 500 performed its best first-day reaction to a CPI report since at least 2003 when records began. The S&P 500 was up 5.5% on a daily basis and the Dow Jones Industrial Average also advanced sharply with a 3.7% gain for the day. All eleven sectors in S&P 500 stayed in positive territory as the Information Technology sector and the Real Estate sector are the best performings among all groups, rising 8.33% and 7.74%, respectively. The Nasdaq 100 meanwhile surged the most with a 7.5% gain on Thursday and the MSCI World index was up 4.5% for the day.

Main Pairs Movement

The US dollar suffered heavy losses on Thursday, plummeted lower against all of its major rivals and extended its slide to the 108.00 area during the US trading session amid expectations for the US Federal Reserve to pivot. Optimism returned and the risk-on market mood exerted bearish pressure on the safe-haven greenback as the US Treasury yields shed over 20 bps. Increasing speculations that the Fed might slow the pace of rate hikes were further confirmed by investors’ reactions following the CPI data.

GBP/USD soared sharply on Thursday with a 3.15% gain after the cable touched a two-month high at around 1.1680 level following a cooler-than-expected US inflation report. On the UK front, the UK’s GDP for the third quarter is scheduled to release on Friday, which would shed some light on the status of the British economy. Meanwhile, EUR/USD staged a goodish rebound and surged above the 1.0200 mark amid a weaker US dollar across the board. The pair was up almost 2.00% for the day.

Gold rallied higher with a 2.85% gain for the day after shrugging off the soft tone and surged to a two-week high above the $1,755 mark during the late US session, as the broad-based US Dollar weakness acted as a tailwind for the precious metal. Meanwhile, WTI Oil edged higher with a 0.75% gain for the day amid mixed demand-supply concerns.

Technical Analysis

EURUSD (4-Hour Chart)

The EURUSD has gathered bullish momentum and climbed to its highest level in nearly two months above 1.018 level as of writing on Thursday, as the data from the US inflation data showed better-than-expected figures. Tuesday’s US economic docket highlights the release of the critical US consumer inflation for October. On a monthly basis, the headline CPI rose by 0.4% during the reported month as compared to the market’s expected 0.6%. The yearly rate, however, rose by 7.7% and is expected to ease to 8.0% in October. EURUSD regains upside traction on the back of the collapse in the dollar after US inflation figures advanced less than estimated in October, which the speculations that the Fed will slow down the pace of hiking rates mounted. In the meantime, the greenback fell sharply below the 109.00 support level and traded in levels last seen back in mid-September in the 108.50 bands.

From the technical perspective, the four-hour scale RSI indicator surged to 67 as of writing, suggesting that the pair was surrounded by strong positive traction. As for the Bollinger Bands, the euro was priced above the upper band and the size became larger, which is a signal that the bullish momentum would persist and had the chance to challenge the highest level since mid-September, 1.0198,  in the near term.

Resistance: 1.0198

Support: 0.9996, 0.9961, 0.9741

GBPUSD (4-Hour Chart)

GBPUSD surged in the second half of the day on Thursday and reached its highest level since mid-September above 1.16650 following the release of the softer-than-expected, the pair was pricing at 1.16670 level as of writing.  The US Bureau of Labor Statistics reported that the headline CPI rose 0.4% in October and the yearly rate eased to 7.7% from 8.2% in September, both missing expectations. Additional details revealed the core inflation, which excluded food and energy prices, decelerated more than anticipated to a 6.3% YoY rate from 6.6% previous. The data adds to the bets that the Federal Reserve will slow the pace of its policy tightening and drags the US Dollar to a fresh multi-week low. This, in turn, is seen as a key factor behind the GBPUSD pair’s sharp rally during the early US trading session. However, a bleak outlook for the UK economy might continue to undermine the British Pound. As a result, the focus now shifts to the Preliminary UK Q3 GDP report, due on Friday. The key UK macro data should provide a fresh directional impetus to the GBPUSD pair.

From the technical perspective, the four-hour scale RSI indicator dramatically rallied to 65 figures as if writing, suggesting that the pair amid strong bullish momentum. As for the Bollinger Bands, the pair was pricing around the upper band and the size between upper and lower bands get larger, indicating that the pair was more favoured to the upside movement in the near future to challenge the highest level since mid-September 1.1738.

Resistance: 1.1438, 1.1623

Support: 1.1146, 1.0953, 1.0797

XAUUSD (4-Hour Chart)

Gold has shrugged off the soft tone seen earlier today to rally $40 higher and reach the mid-range of the $1700s and had been boosted by the broad-based US Dollar weakness following the release of US inflation data. Consumer inflation rose at a slower-than-expected pace in the US, which has set the scene for the US Federal Reserve to ease its aggressive monetary policy path. Tish has spurred risk appetite, hammering the US Dollar and pushing yellow metal higher. US CPI increased by 0.4% in October, unchanged from the previous month, against the market expectations of a 0.6% reading, according to data from the US Bureau of Labor Statistics. Year on year, the CPI cooled down to a 7.7% rate, beyond the consensus of 8%, and after an 8.2% increase in September. As for the core part, the Federal Reserve’s preferred gauge for inflationary trends has eased to 0.3% in October, from 0.6% in September, against expectations of a 0.5% increase. Year on year, the core CPI has retreated to 6.3% from 6.6% in September.

From the technical perspective, the four-hour scale RSI indicator hugely advanced to 78 figures as of writing, suggesting that the XAUUSD has entered into the overbought zone, and a downward correction could be expected.  As for the Bollinger Bands, the gold was priced around the upper band and the size between upper and lower got larger, which is a signal that the pair remain strong upside tilt. Therefore, we think the gold would move up to challenge the $1765 mark, then correctively rebound to the $1700 to $1710 area in the near term.

Resistance: 1765, 1802

Support: 1703, 1667, 1642

Economic Data

Dear Client,

Warmly reminds you that the component stocks in the stock index spot generate dividends. When dividends are distributed, VT Markets will make dividends and deductions for the clients who hold the trading products after the close of the day before the ex-dividend date.

Indices dividends will not be paid/charged as an inclusion along with the swap component. It will be executed separately through a balance statement directly to your trading account, the comment for which will be in the following format “Div & Product Name & Net Volume ”.

Please note the specific adjustments as follows:

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

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

US stocks tumbled heavily on Wednesday, failing to preserve their upside traction and witnessing heavy selling pressure as renewed selling in cryptocurrencies and disappointing earnings weighed on risk sentiment ahead of a key US inflation report.

Global equity markets sensed an intense sell-off amid headwinds of the US mid-term elections outcome and upside risks from the inflationary pressures. Investors’ attention now shifts toward the closely watched US inflation report due Thursday after midterm elections failed to deliver a Republican sweep.

The headline US CPI is expected to decline to 8.0% meanwhile providing clues on the path of Federal Reserve policy tightening. on the Eurozone front, the European Central Bank (ECB) has conducted a survey of consumer expectations for inflation, which indicated that Consumers still see inflation at 3% in 3 years and 5.1% over the next 12 months. The higher inflation is hurting the households’ sentiment.

The benchmarks, S&P 500 and Dow Jones Industrial Average both declined lower on Wednesday as the S&P 500 ended its three-day rally and Bitcoin dropped below $16,000 to a level not seen since 2020 amid a deepening selloff in cryptocurrencies. The S&P 500 was down 2.1% daily and the Dow Jones Industrial Average also dropped lower with a 1.9% loss for the day. All eleven sectors in S&P 500 stayed in negative territory as the Energy sector and the Consumer Discretionary sector is the worst performing among all groups, losing 4.88% and 3.12%, respectively. The Nasdaq 100 meanwhile slumped the most with a 2.4% loss on Wednesday and the MSCI World index was down 1.6% for the day.

Main Pairs Movement

The US dollar advanced higher on Wednesday, regaining upside momentum and rebounded firmly to the 110.50 area during the US trading session amid an improvement in safe-haven’s appeal. However, the 10-year US Treasury yields witnessed a steel fall below 4.10% as odds are favouring a rate hike of 50 basis points (bps) by the Federal Reserve (Fed) in its December monetary policy meeting. On Thursday, the US inflation figures will remain in the spotlight.

GBP/USD was sharply down on Wednesday with a 1.61% loss after the cable extended its intra-day slide to the 1.1340 mark amid the market’s anxiety ahead of the US inflation report. On the UK front, Prime Minister (PM) Rishi Sunak will become the first British prime minister in 15 years to attend the British-Irish Council summit on Thursday. Meanwhile, EUR/USD remained under pressure and retreated towards the 1.0000 mark amid a stronger US dollar across the board. The pair was down almost 0.63% for the day.

Gold dropped with a 0.33% loss for the day after surrendering its entire Wednesday’s gains near the $1,714 mark with the risk sentiment turning sour heading to the close, as the recovering US dollar undermined the precious metal. Meanwhile, WTI Oil was sharply down with a 3.46% loss for the day amid rising odds for the higher peak of the Federal Reserve (Fed)’s terminal rate.

Technical Analysis

EURUSD (4-Hour Chart)

The EURUSD remains on the back foot and trades below 1.0050 in the early American session, as the US Dollar benefits from safe-haven flows mid-week with investors awaiting the outcome of the US Midterm Elections. The results of the midterm elections, which are yet to be completed, are showing Democrats doing better than anticipated, taking one more seat in the Senate, lost by the GOP. However, the ruling party lost two seats in the House, securing so far 172 vs 199 for the opposition. On the other hand, the stock market edged lower and struggled for a clear direction. Most European indexes trade in red, although losses are limited. Meanwhile, Wall Street is set to open little changed from Tuesday’s closing levels. Apart from this, investors were keeping their eyes on the US Consumer Price Index to be out on Thursday. Inflation is expected to have risen at an annual pace of 8% in October, easing from 8.2% in the previous month.

From the technical perspective, the four-hour scale RSI indicator edged lower to 61 figured as of writing, suggesting that the positive traction has turned weaker. As for the Bollinger Bands, the pair was pricing in the upper area and found support near the 20-period moving average with a smaller size between upper and lower bands, signalling that the price has not found a clear direction and tends to put into sideway in the near-term.

Resistance:  1.0095, 1.0198

Support: 0.9996, 0.9852, 0.9730

GBPUSD (4-Hour Chart)

The GBPUSD extended its losses and dropped to a fresh daily low below 1.1400 in the second half of the day on Wednesday. The risk-averse market environment provides a boost to the safe-haven US dollar as investors await the outcome of the US Midterm Elections. Investors seem to be staying on the sidelines while awaiting the outcome of the US Midterm Elections. The latest news has shown better-than-expected results for the Democrats as the “red wave” announced by the media has not crystallized, and according to Associated Press, Democrats and Republicans have 46 and 47 Senate seats, respectively, with 5 seats remaining out of 35 called up for election. The final results, however, might still take some time, and key issues like the control of Congress and Biden’s next year agenda are still uncertain. Apart from this, the Consumer Price Index data, due on Thursday, might provide further insight into the size of the Federal Reserve’s next interest rate hike. Any surprise in these readings might boost Dollar volatility.

From the technical perspective, the four-hour scale RSI indicator slid to 44 figures as of writing, suggesting that the pair was surrounded by bearish transactions. As for the Bollinger Bands, the pounds were priced below the 20-moving average and the size between upper and lower bands get smaller, which is a signal that the pair was more favoured to the downside path.

Resistance: 1.1438, 1.1623

Support: 1.1146, 1.0953, 1.0797

XAUUSD (4-Hour Chart)

Gold edged lower for the day and was trying to stabilise above the $1710 mark as of writing, as the American Dollar regather strength during the US trading session as investors turn cautious amid growing worries about a deeper global economic downturn and uncertainty over the release of US Consumer Price Index and the outcome of the US Midterm Election. The US Dollar attracts some buying and moves away from its lowest level since September 20 touched the previous day, which, in turn, is seen as a key factor weighing on the dollar-denominated gold. Despite rising bets for a less aggressive policy tightening by the Fed, the markets are still pricing in the possibility of at least a 50 bps rate hike in December. This remains supportive of the elevated US Treasury bond yield and offers some support for the greenback. That said, the cautious market mood underpinned the safe-haven gold and might limit further losses, at least for the time being.

From the technical perspective, the four-hour scale RSI indicator slightly fell back to 64 figured, suggesting that the strong bullish momentum has been softer. As for the Bollinger Bands, the yellow metal was pricing between the upper band and 20-period moving average and put into sideway, which is a signal that the upside tendency is mild and weak. Therefore, if there are any surprising events, the direction would easily change downwardly.

Resistance: 1715, 1725, 1745

Support: 1675, 1641, 1615

Economic Data

Dear Client,

New contracts will automatically be rolled over as follows:

Please note:

• The rollover will be automatic, and any existing open positions will remain open.

• Positions that are open on the expiration date will be adjusted via a rollover charge or credit to reflect the price difference between the expiring and new contracts.

• To avoid CFD rollovers, clients can choose to close any open CFD positions prior to the expiration date.

• Please ensure that all take-profit and stop-loss settings are adjusted before the rollover occurs.

• All internal transfers for accounts under the same name will be prohibited during the first and last 30 minutes of the trading hours on the rollover dates

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

US stocks advanced higher on Tuesday, extending their previous rally and rose for the third day as investors awaited midterm election results and monitored the selloff in crypto markets.

Bitcoin plummeted to a fresh 2022 low at $18,355 amid the collapse of FTX and Binance’s decision to save the crypto exchange. The mini-crash in Bitcoin has weighed on the stock market and caused a sharp drop as investors don’t like to see any disruptions in any risk asset.

On top of that, the results of the US mid-term elections would take a couple of days, which could have long-lasting effects on the American dollar. A history of robust performance following midterm results has provided support to the outlook for equity markets.

In the Eurozone, the euro cheers the upbeat Eurozone data despite some discouraging news, as the European Commission said there is no way to create a gas price cap as requested by EU leaders at the end of October. Eurozone’s Retail Sales rose by 0.4% MoM in September.

The benchmarks, S&P 500 and Dow Jones Industrial Average both climbed higher on Tuesday as the S&P 500 closed higher with investors eyeing potential gridlock from midterm election results ahead of the release of US inflation figures. The S&P 500 was up 0.6% daily and the Dow Jones Industrial Average also advanced higher with a 1.0% gain for the day.

Ten out of eleven sectors in the S&P 500 stayed in positive territory as the Materials and Information Technology sectors are the best performing among all groups, rising 1.68% and 0.92%, respectively. The Nasdaq 100 meanwhile climbed higher with a 0.8% gain on Tuesday and the MSCI World index was up 0.8% for the day.

Main Pairs Movement

The US dollar declined lower on Tuesday, remaining under bearish pressure and plummeted to fresh monthly lows against most of its major rivals during the US trading session as the markets await the outcome of the US mid-term elections. The positive tone of US equities and easing government bond yields both exerted bearish pressure on the greenback amid the optimism surrounding US Mid-Term Elections. The important election results would take a couple of days.

GBP/USD edged higher on Tuesday with a 0.26% gain after the cable retreated from a daily high and dropped to the 1.1520 area amid risk-on market sentiment. On the UK front, Bank of England Chief Economist Huw Pill said the central bank has more to do with tightening the monetary policy. Meanwhile, EUR/USD holds on to its gains ahead of the US close and climbed above the 1.0070 mark amid the market’s optimism surrounding the US election outcome. The pair was up almost 0.54% for the day.

Gold surged with a 2.20% gain for the day after reaching levels that were last seen in September around the $1,714 mark during the late US trading session, as the weaker US dollar across the board helped the precious metal to find demand. Meanwhile, WTI Oil was sharply down with a 3.14% loss for the day amid concerns over China’s oil demand. Crude oil prices have retreated to the $88.50 area.

Technical Analysis

EURUSD (4-Hour Chart)

The EURUSD managed to climb back to the level above the 1.0000 threshold as the US dollar fell below the 110 level, which is the first time in the last two weeks, during the US trading session. The outcome of the US mid-term elections could have long-lasting effects on the American dollar, particularly if Democrats are not able to retain control of both houses. Republicans do not need much to seize control of Congress. If that’s the case, they may oppose President Joe Biden’s massive expenses, which would exacerbate the risk of an economic downturn. Equities will likely collapse, but it does not seem the dollar could benefit much from it.

In Eurozone, France’s trade deficit widened to € 17.49B in September and Retail Sales in Italy expanded 0.5% MoM in the same month. Meanwhile, price action around the European currency is expected to closely follow dollar dynamics, geopolitical concerns and the Fed-ECB divergence. The recent decision by the Fed to hike rates and the likelihood of a tighter-for-longer stance now emerges as the main headwind for a sustainable recovery in the pair.

From the technical perspective, the four-hour scale RSI indicator continued to advance to around 68 figured closed to 70, overbuy zone, which suggests that the pair was amid strong bullish momentum. As for the Bollinger Bands, the European currency remained firmly above the 20-period moving average, which is a signal that the pair was surrounded by an upside tendency.

Resistance:  1.0000, 1.0094

Support: 0.9813, 0.9730, 0.9636

GBPUSD (4-Hour Chart)

The GBPUSD successfully rebounded to a level above 1.5500 as the US dollar struggles to find demand as a haven on Tuesday as risk flows continue to dominate the financial markets, providing a boost to the pair. The pounds were priced at 1.1576 level as of writing. The greenback has dropped across the board in the US trading session, and US stocks advance with all eyes on the outcome of the US mid-term elections.  A hitherto rangebound market has led to a significative US dollar pullback as the first surveys started hinting at a Republican victory. The scenario might create a gridlock in the US Congress that would be welcomed by the market as it will hinder the approval of new regulations.  Nevertheless, it’s worth noting that the outcome of the US midterm election is likely to be unveiled later in the week, opening the door for choppy market action in the short term.

From the technical perspective, the four-hour scale RSI indicator edged lower to 58 figures as of writing, suggesting that the pair’s positive traction slowdown. As for the Bollinger Bands, the pair kept pricing above the 20-period moving average but was capped by the upper band two times in a row, signalling that the upside momentum is softer. Hence, unless there is a surprising CPI figure, the pound was more favoured to the downside path in the near term.

Resistance: 1.1645, 1.1732, 1.1878

Support: 1.1439, 1.1159, 1.0955

XAUUSD (4-Hour Chart)

Gold surged to above the $1710 mark and aimed for October’s monthly high of $1729.87, with XAUUSD pricing at $1715 marks as of writing. The midterm elections in the United States increased risk appetite and triggered a sharp decline in US Treasury yields during US trading hours, which, in turn, caused a USD sell-off. The US Dollar index (DXY) tumbled by 0.72% for the day and fell to below 109.5 level, which is the first time since 27th October. Investors are likely to refrain from betting on an extended risk rally while awaiting the outcome of the United States (US) midterm elections. If Republicans take the majority in the House and the Senate, additional gains in the US stocks could be witnessed. However, a split Congress could force market participants to adopt a cautious stance amid heightened uncertainty surrounding the fiscal policy. Meanwhile, the expectations for the Federal Reserve’s December meeting remain tilted towards hiking 50 bps, as shown by the CME FedWatch Tool at 52%. The speculations for a 75 bps increase are 48%, unchanged from a day ago.

From the technical perspective, the four-hour scale RSI indicator surged to 74 figures as of writing, which has entered into the overbought zone, suggesting that some selling transactions could be expected. As for the Bollinger Bands, the gold was priced around the upper band and the size of the upper and lower bands became larger, signalling the yellow metal was still surrounded by strong positive traction. Therefore, we think the price would wander around the $1710 area to consume some selling pressure and then move up to challenge the $1725 mark in the near term.

Resistance: 1725, 1745

Support: 1665, 1641, 1615

Economic Data

If you want to trade on the forex market, you need a platform you can trust — this is where you will find all the tools and features you need to analyse market movements and open and close positions on forex pairs. Many platforms are available, but VT Markets seeks to help our users narrow their choices and connect with some of the most intuitively designed and powerful tools available.

We offer MetaTrader 4 here on the VT Markets site. Once you have set up your VT Markets account, you’ll be able to download the MT4 platform and get started immediately. From here, you can begin to grow your experience and make trades either on the demo or the live version of the platform. We recommend using the demo MT4 account first to build your confidence and understanding before you start to make trades for real.

So what are the first steps? To begin, you’ll need to choose which version of MetaTrader 4 to download. This will depend upon what device you are using. Take a look at our guide below to find out more about how to download the platform.

Downloading MetaTrader 4 — A straightforward guide to help you get started

You can download and use MT4 across various devices and operating systems, providing traders with a more flexible and capable set of options. These include most desktop devices and operating systems and mobile and tablet devices.

Downloading the MT4 platform for desktop and laptop

Desktop and laptop devices tend to be more powerful than your smartphone or tablet, offering more storage capability and scoring higher on other key metrics. The extra capacity and power of the device enable you to get the most out of the software, as this was the operating environment it was originally designed for. Many users prefer to download MT4 on a PC or laptop device.

• Download MetaTrader 4 for Microsoft Windows — Most laptop and desktop devices still use the Microsoft Windows operating system, and MT4 is designed for use on this OS.

• Download MetaTrader 4 for Apple Mac OS — Many users prefer Apple’s Mac OS, and all Macs and computers developed by Apple will run this OS. You can download MT4 to your Mac if required.

• Download MetaTrader 4 for Linux — Linux is not as widely used as Windows and Mac OS. Still, developers have used the open-source system to create many operating systems, many of which have become popular. The Linux OS does support the MetaTrader 4 platform.

Downloading the MT4 platform for smartphones and tablets

While MT4 was initially developed with the power and function of desktop devices in mind, it is now available in smartphone and tablet versions. These versions help traders enjoy a far more convenient experience, with market data and trading tools right in the palm of their hand, even when they are out and about.

• Download MetaTrader 4 for Apple iOS Devices — Like with the Mac OS, many users are experts in using Apple products and prefer to utilise Apple OS versions of software and apps. To support this, MT4 is available for download on Apple’s iPhone and iPad products. While the tablet version provides more detailed views, traders can still utilise all the required features on the mobile version. 

• Download MetaTrader 4 for Android Devices — Android devices are becoming increasingly popular among smartphone and mobile users, and various Android operating systems power various products in the market. If you have one of these devices, you’ll be able to have MT4 downloaded on your smartphone or tablet.

Your guide to a successful MetaTrader 4 download

It’s easy to download the MT4 platform you need when you use VT Markets. With a handy wizard feature, downloading and setup is largely automated. Follow these handy steps to complete your installation.

• Step One — Create your VT Markets account here on the website. Add your personal information, confirm your identification, and then add funds to your account.

• Step Two — Log into your VT Markets account and head to the top banner menu on any page on the VT Markets site. Select MetaTrader 4 in the drop-down menu and open this page. From here, select the link to begin to download for the operating system and device you are using.

• Step Three — Open the .exe file and follow the wizard to complete the laptop and desktop devices setup. Move through the different screens of the wizard, select a download file folder and configure your options. The platform will be saved in your default download file if you don’t do this. Select Finish once you reach the end of the wizard. If you are using a mobile or tablet device, it will be saved to your app folder, and the installation will take place automatically.

• Step Four — Log into the MT4 platform and use the features. You can grow your experience over time, utilising features such as MT4 indicators to execute more advanced trading and predictive functions.

Understanding the different MT4 trading accounts

You will want to take some time to develop your experience and gain confidence using the platform. While there are never any guarantees with forex trading — and even more experienced traders can find that their positions are not always successful — learning how to trade forex carefully will help you make future strategic decisions. With this in mind, we offer two versions of the MT4 platform for download. Learn more about these below.

Downloading and using the demo version of MT4

The demo version of MT4 is the same as the full version. You’ll still be able to take advantage of all of the different features and tools built into the platform, and you’ll have the opportunity to grow your skills and experience in a meaningful way. The only major difference is that there is no real money changing hands. As this is just a demo account, you won’t be executing trades for real. Of course, this means there’s no potential for profit, but there’s no risk either.

We highly recommend you use the demo account for a while when you first download MetaTrader 4. Even if you already have some experience with trading forex, you’ll need time to learn how to use MT4 and to grow acquainted with the specific features of the platform. The risk-free environment of the demo account is perfect for achieving this. 

Downloading and using the live version of MT4

When you download the live version of MetaTrader 4, you gain access to all of the platform’s features, from indicators and other predictive tools to those used in active trading. In this sense, it’s almost the same as the demo version, only this version of MT4 supports live trades.

This means you can make money when you open and close positions on the live version of the platform, but there’s also the potential to lose money. Bear this risk in mind, and trade conservatively. If you decide to maximise your exposure in the market with margin trading or leverage trading on forex pairs, you will increase the risk level. 

The margin in FX refers to the amount of money you will need to put forward to control a position. Trading on the margin means you are essentially borrowing capital from the broker, which will need to be paid back. Leverage works similarly, maximising the stake you control and involves borrowing capital directly from the broker.

Only adopt these forms of trading if you are confident with using the MetaTrader 4 version you downloaded and after you have spent time learning forex and practising on the demo version of the platform.

Download MT4 and start growing your trading experience

We want to ensure that our users have access to all the tools and platforms they need to develop their experience as they trade forex. This is why we provide a roster of industry-leading software pieces designed to help traders open and close positions according to their unique strategies. 

There are always risks involved with this kind of trading, which is why it’s a good idea to practise using the features of MT4 after you download it. To do this, simply use the demo account, and enjoy all the features in a risk-free environment. When you feel ready, you can graduate to the live trading account and open positions for real. Want to learn more about our platform? Reach out to our team today.

When you trade on the MetaTrader 4 platform, you have many different features and tools at your disposal. As well as simply opening and closing positions in the market, you’ll be able to access all the data you need to make predictions on future movements.

The MT4 platform supports traders adopting a more sophisticated, data-focused approach to the foreign exchange market. This is where indicators come in. MetaTrader 4 indicators can help traders make educated estimations as to which way the market is heading. While it’s important to remember there are no guarantees, indicators can still prove useful to traders. Read on to learn more about this in our guide.

Understanding indicators for MT4

MT4 indicators are tools built into the platform, allowing users to analyse market data across several factors. These factors include movements of the price of a currency pair over a set time and trading volume, among other elements.

It’s important to remember that MetaTrader 4 indicators do not guarantee market changes. Instead, they represent sets of market conditions that typically suggest future movements. For instance, an indicator that looks at the average value parameters for a currency pair over a particular time will suggest which way this price will move on average in the future, as well as predict the support and resistance rates — i.e., the lowest and highest points that the price will reach within this period. It will not guarantee these values; it will simply suggest them.

As long as traders bear this in mind, indicators are useful tools to deploy while trading. When you download MetaTrader 4, you’ll gain access to various indicators to use in your own trading strategy. These tools will help you develop a more sophisticated set of trading practices.

While you learn how to use MT4, it is recommended that you use a demo account. You’ll still gain access to indicators for the MetaTrader 4 platform, but no risk will be involved. Once more comfortable, you can trade on the live account and receive market exposure by trading on the margin. Trading on the margin in FX essentially means borrowing capital from the broker and controlling a position worth far more than you would otherwise have been able to afford. Indicators can help you open these positions with more confidence, but there is always a risk that you’ll need to keep in mind.

Downloading and using indicators for MetaTrader 4

To download and use indicators for MetaTrader 4, you’ll first need to open an account with VT Markets and download MT4 for PC or another device. Next, open the platform and sign in.

From here, head to the Navigator window on the left side of the MT4 screen. Open this window.

Within the Navigator window, select Indicators to open the menu. This menu displays all the available indicators arranged according to their type.

Browse through the available indicators until you find the one you want. Select this and drag it to the Price Chart on the MT4 screen. This will apply the indicator to the chosen chart.

You will now be prompted to configure the indicator, adjusting its parameters. Complete this in the dialogue box and finish the process. The indicator is now applied to the Price Chart you want to analyse.

The most common MetaTrader 4 indicators

There are many different indicators available for the MetaTrader 4 platform. You might only use one or two of these as you begin learning forex. But if you are a more experienced trader, you may wish to explore the potential of indicators further, adding more options to your trading strategy. This will help you gain insight into your trades and understand which moves you to make in the future.

Take a look at some of the most popular MetaTrader 4 indicators and use this list to discover more about which indicators you want to add to your strategy.

Relative strength index (RSI)

This is an oscillator indicator that measures the momentum of a specific market. The indicator examines changes in the historical price of the market, analysing the differences between days of appreciation and days of depreciation. With this indicator, traders can identify potential candidates for investment and trading and determine the best time to invest or open a position.

Average true range (ATR)

The ATR indicator analyses market volatility, looking at the average range for a market — i.e., the maximum and minimum levels it hits during the examination period. This is very useful, as it identifies normal ranges for the market you are looking at, allowing you to place stop loss and take profit measures in the right positions to avoid trades that stray outside your strategic parameters.

Moving averages

Moving averages look at the prevailing price movement for a particular market by analysing past data. This indicator will suggest whether the market is currently moving up or down based on its past performance over a defined period. As mentioned above, you will see the market’s support and resistance levels. While past performance does not guarantee future success, this is still a useful metric for traders.

On-balance volume (OBV)

The on-balance volume indicator works on a cumulative basis, adding the total volumes of up days and then subtracting the total volumes of down days across the defined period. The aim is to provide a more reliable picture of the market direction based on this cumulative analysis. Movements on the OBV can suggest which way the market’s price will move when you trade. 

Money flow index (MFI)

Like the relative strength index, this is an oscillator that provides an analysis of the direction of the market movement, as well as the volume of this movement. With the MFI, you can identify times at which certain markets are overbought or oversold, which can be useful in deciding on your next trading move.

The benefits of MetaTrader 4 indicators

As we’ve discussed already, MetaTrader 4 indicators do not guarantee or give traders any certainty. With this in mind, what benefit do they provide? Why should you incorporate these tools into your own strategy? Take a look at some of the key advantages of MT4 indicators.

Indicators provide data-backed analysis

While indicators do not offer guarantees to traders, they are based on technical data analysis. This means they can be used reliably by traders who know what to look for, making it easier to develop an effective strategy.

There are so many different indicators out there, each providing its own insight and analysis. While this can prove a little confusing initially, it quickly becomes an asset once you get used to deploying these indicators. The subtle differences between each indicator make it possible to build a strong strategy based on a diverse set of analytics.

Indicators simplify stop loss and take profit placement

Stop loss measures will automatically close trades if the value falls below a certain level, while take profit will do the same when the value becomes too high. These measures help you keep your trades within your strategic parameters, but you must ensure you set these tools correctly. Indicators will help you make an informed choice regarding stop loss and take profit.

Indicators help traders increase their market exposure 

In the forex market, small price movements are measured in pips. Generally, the price of a certain currency pair or commodity will not move much over a trading day, so the profit potential is low. The potential losses are also low. To increase exposure, traders must make many small trades or open more advantageous positions. Margin and leverage trading can help traders command these more valuable positions.

Of course, as the potential for profit rises, so does the potential for loss. With this in mind, traders need to act confidently, executing positions according to the latest market data. This is where indicators can play a major role. While there are no guarantees, even with indicators, they can help experienced traders make data-backed moves.

Trade with MetaTrader 4 indicators at VT Markets

Start exploring MetaTrader 4 indicators today. Download the platform from VT Markets and start using these helpful tools and features. We recommend you set up a demo account first and start trading for real with a live trading account after you feel more confident using the tools. 

Want to learn more about MT4 indicators and other features on the platform? Reach out to our team today.

What is MT4? Also known as MetaTrader 4, this is the name given to a trading platform originally developed by MetaQuotes. While other options are available to traders in the market, the MT4 platform has proved very popular among traders thanks to various features and tools. 

These features help traders open positions, invest, and execute trades. However, there is more to MT4 than this. Traders can also use several features to conduct technical analyses and market examinations. Tools such as indicators can help traders gain insight into the past performance of the market they are working with and other important pieces of information. While these tools do not provide a guarantee, they are useful in helping traders make careful and considered decisions in the market, trading with strategic care.

What is MT4 trading? This refers to any trade conducted via the MT4 platform. While the platform is usually viewed as a forex trading platform, you can use it to execute other trades using derivative contracts, such as indices and commodities.

How to use MT4

Now that you know a little bit more about what MetaTrader 4 is, it’s time to discover how to trade on MetaTrader 4 and carry out other actions. Take a look at our step-by-step guide below.

Step 1 — Use VT Markets to create your account

We make it easy to access and download MetaTrader 4 on whichever device you wish to use. First, you’ll need to create an account. Head to the VT Markets website to create your account, fill out the required information and confirm your ID credentials.

Step 2 —Download the MetaTrader 4 platform to your device

After you have set up and logged into your VT Markets account, use the header menu to find and download the MetaTrader4 platform. You can download MT4 for PC, Mac, smartphone or tablet device. After you have saved the application file and completed the setup — an almost automatic process on a mobile device or via an easy wizard feature on a laptop or desktop — you’ll be ready to start. Use your VT Markets login information to access your account on the MetaTrader 4 platform.

Step 3 — Beginning the trading process

To start trading on the platform and to open a position, you’ll need to go to the Tools menu. In this menu, select New Order. On Windows PC and laptop devices, you should be able to open this by simply pressing the F9 shortcut.

This will open the order window, where you can analyse and configure various data points. These include:

You may decide to trade on the margin or trade on leverage, increasing the volume of your trade and your exposure to the market. Trading on the margin in fx and other markets means putting forward a percentage of the total position value from your capital while borrowing the rest from the broker. 

Leverage works similarly and involves multiplying your stake with borrowed capital. In both instances, the risk is greatly increased, and traders must act in a careful and considered manner when using the following techniques: 

Step 4 — Assess the progress of your position

With the position now open, you’ll need to keep on top of its progress. So, how do you trade on MetaTrader 4 and monitor them accordingly? To do this, you’ll need to view the Terminal window. Find the Terminal option under the View menu in the toolbar, or hit Ctrl + T if you use a Windows laptop or desktop device. 

In the Terminal window, you’ll be able to view all of the information you have added when you opened the position. On the far right-hand side of the entry, you’ll see the Profit value, which will tell you whether your trade is currently successful or unsuccessful. It’s important to keep track of this to know whether your strategy is working as planned.

Next to the Price value, you will see a small X symbol. If you want to close your position — either because you have achieved a profit or because you want to limit your losses — click or tap this X. You can also use the X symbol to cancel any pending positions that have not yet been opened.

Step Five — Make changes to your stop loss and take profit tools

You may decide to make changes to your stop loss and take profit limits, altering the potential parameters of your trade. To do this, return to the Terminal menu mentioned above. 

Then, navigate to the Trade tab and select S/L to modify the value of the Stop Loss tool. Selecting the Modify button will confirm these changes.

You can do the same thing with the T/P value to alter the Take Profit level.

Using MT4 indicators

As you learn how to use MetaTrader 4 for trading and analysis in the market, you will encounter other features along the way. These add-ons and additional features are designed to make your life easier as a trader, helping you to develop a more sophisticated set of strategies. They do not guarantee success, but they provide additional confidence thanks to a data-backed approach.

MT4 Indicators are among the most commonly used of the platform’s additional features. MT4 indicators are technical analysis tools that enable traders to understand trends and movements in the market. For example, an indicator may accumulate volume data from the recent up days for a particular market and subtract the cumulation of all the recent down days from this total to arrive at a more accurate and reliable estimation of market direction. This particular indicator, the OBV, or On Balance Volume indicator, is one of many available options on the MT4 platform.

These indicators do not provide any guarantees for traders. Instead, they are designed to be used for developing an increasingly sophisticated trading strategy, relying on data to make careful, considered and responsible choices. As there is always a risk involved when trading — and as this risk is amplified when margin trading or leverage is involved — you must trade conservatively on the MetaTrader 4 platform.

Download MT4 today and start building your trading strategy

Here at VT Markets, we want to ensure that traders just like you have all the tools and platforms you need as you gain experience in the market. Whether you are trading forex, commodities, or another asset, you will find something suitable in the roster of software products we provide, including the ever-popular MetaTrader 4 platform. 

Risk is always involved when trading on the market, so we highly recommend that you practice trading with a demo account to understand the platform’s features. After you become accustomed to these features, start using the live trading account and open positions for real. Want to learn more about how to use the MT4 platform? Reach out to our team today.

US stocks rallied higher on Monday, preserving their upside traction for the second day and extending their previous rally ahead of midterm elections and inflation data later this week. The renewed speculation that the US Federal Reserve will ease the pace of quantitative tightening regardless of Chair Jerome Powell´s hawkish comments and easing restrictive measures in China has underpinned the market sentiment. Therefore, the risk-on mood acted as a tailwind for the equity markets on the first day of the week.

Markets focus now shifts to the release of the US Consumer Price Index (CPI) report for October, which will be closely watched after the core consumer price index rose more than forecast to a 40-year high in September. In the Eurozone, the upbeat EU data and hawkish comments from the European Central Bank (ECB) officials have provided support to the shared currency, as they said that the central bank shouldn’t stop rate hikes as long as underlying inflation has not peaked.

The benchmarks, S&P 500 and Dow Jones Industrial Average both climbed higher on Monday as the S&P 500 gained for a second day ahead of US midterms and closed near session highs with the US dollar falling with Treasuries. The S&P 500 was up 1.0% daily and the Dow Jones Industrial Average also advanced higher with a 1.3% gain for the day. Eight out of eleven sectors in the S&P 500 stayed in positive territory as the Communication Services and Energy sectors are the best performing among all groups, rising 1.82% and 1.73%, respectively. The Nasdaq 100 meanwhile climbed higher with a 1.1% gain on Monday and the MSCI World index was up 1.1% for the day.

Main Pairs Movement

The US dollar declined lower on Monday, extending its previous slide and refreshed daily lows below the 110.10 mark during the US trading session as Wall Street picked up momentum ahead of the close. Market participants believe that a slowdown in the pace of rate hikes by the Federal Reserve (Fed) is certain, making the American currency end up losing further ground against its major rivals. The upbeat market mood spurred by a seasonal US mid-term elections rally has also undermined the greenback.

GBP/USD outperformed on Monday with a 1.19% gain after the cable touched a daily high near the 1.1540 mark amid renewed US dollar weakness. On the UK front, uncertainty in the US political scenario ahead of US midterm elections and the US Consumer Price Index (CPI) report looming both helped the British pound to find demand. Meanwhile, EUR/USD preserved its upside momentum and climbed above the 1.0000 mark ahead of Eurozone Retail Sales and US inflation data. The pair was up almost 0.60% for the day.

Gold declined with a 0.37% loss for the day after failing to edge higher and retreated to the $1,675 mark during the late US trading session, as the positive market mood is weighing on the safe-haven metal despite the US dollar’s weakness. Meanwhile, WTI Oil dropped with a 0.89% loss for the day as China stays committed to zero covid policy. Crude oil prices have retreated to the $91.00 area.

Technical Analysis

EURUSD (4-Hour Chart)

The EURUSD advances for the second session in a row and gains more than two cents since last week’s lows around 0.9730, always against the backdrop of the persistent sell-off in the greenback. The pair was priced at 0.9990 level and aiming to 1.0000 psychological level. Indeed, the dollar remains offered as market participants continue to gauge the mixed results from Friday’s Payrolls and recent Fedspeak leaning towards an impasse in the Fed’s normalization process. The persistence of the positive traction in the pair so far comes in line with the mixed performance in US yields and some loss of momentum in the German 10-year bond yields after two daily advances in a row. On the other side, tepid Chinese data weighed on market sentiment and drew support for the safe-haven greenback, but the US dollar quickly resumed its decline tendency. Despite the number of new coronavirus cases on the rise, investors are once again pricing in easing restrictive measures.

From the technical perspective, the four-hour scale RSI indicator extended its rally from last week figured 65 as of writing, suggesting the pair remained upbeat market mood and continued to move higher. As for the Bollinger Bands, the euro was pricing in the upper area and the size between upper and lower bands got larger, which is a signal that the pair was amid strong bullish momentum despite being capped by the psychological 1.0000 level at the time of writing.

Resistance: 1.0000, 1.0094

Support: 0.9813, 0.9730, 0.9636

GBPUSD (4-Hour Chart)

The GBPUSD extended its gains during the North American session due to upbeat market sentiment spurred by a seasonal US mid-term elections rally. At the same time, investors brace for the results of the latter and the October US Consumer Price Index. Even though the Bank of England (BoE), said that they would hike rates, but not at the level money market futures priced in, the pair was pricing at 1.15156 as of writing with 1.26% on daily basis. Furthermore, the Guardian reported that British Finance Minister Jeremy Hunt was planning to announce 60 billion Pounds of tax rises and at least 35 billion Pounds of spending cuts. The BoE said that they have not taken potential austerity measures or tax increases into account when deciding on the policy action. Hence, the BoE’s dovish stance could be reaffirmed in case the UK government decides to run a tighter fiscal policy. However, the US Dollar market demand is likely to continue to drive the pound’s movement in the near term.

From the technical perspective, the four-hour scale RSI indicator steadily climbed to 64 figures as of writing, suggesting that the pair was amid strong bullish momentum. As for the Bollinger Bands, the price was priced near the upper band. Hence, we think the pounds would confront some resistance around the upper band of 1.1550 and then challenge the 1.1645 level in the near term.

Resistance: 1.1645, 1.1738

Support: 1.1410, 1.1163, 1.0934

XAUUSD (4-Hour Chart)

Gold was put sideways and was priced at $1676.8 marks following touched the daily high of $1681.9 marks. The US dollar started the day on the back foot as the market mood improved at the beginning of the week and ahead of the release of US inflation figures. The US Consumer Price Index is expected to have eased in September from 8.2% YoY to 8% in October. The core reading, which excludes volatile food and energy prices, is foreseen at 6.5%, barely down from 6.6%. Furthermore, a combination of factors underpinned the market risk sentiment. The comments by the Chinese National Health Commission, which has reiterated the Government’s commitment to the Zero-COVID policy and warned about the possibility of severe restrictions ahead, as the winter flu season approaches. However, this has not altered the market mood, as in absence of first-tier macroeconomic releases, the positive Friday’s Non-Farm Payrolls report is still driving market sentiment on Monday.

From the technical perspective, the four-hour scale RSI indicator edged lower to 64 figures as of writing, suggesting that the positive traction has been lower. As for Bollinger Bands, the yellow metal was stability pricing in the upper area the following retreat back below the upper band, signalling that the pair witnessed some selling transactions around $1684 marks. Therefore, the bullish could persist to challenge the $1700 psychological level if breaking through the $1684 resistance with strong positive traction.

Resistance: 1684, 1701, 1729

Support: 1654, 1641, 1615