HOW TO INSTALL METATRADE 4 ON YOUR ANDROID PHONE

Installation

The MetaTrader 4 app is available in Google's app store – Google Play. To install it, enter "MetaTrader 4" in the search bar and select the app from MetaQuotes Software Corporation from the search results.

UNDERSTAND LEVERAGE IN FOREX TRADING

Leverage

The ability to influence a system, or an environment, in a way that multiplies the outcome of one's efforts without a corresponding increase in the consumption of resources. In other words, leverage is the advantageous condition of having a relatively small amount of cost yield a relatively high level of returns. See also financial leverage and operating leverage.

It is powerful and very useful in Forex Trading. With 100:1 leverage you are effective using $1 to hold $100 dollars. With 500:1 leverage will enable you to hold $500 using $1. This is nothing new to finance industry but widely use for currency trading in order to use the dollar unit value of currency.

It works with capital that funded the trade. The capital has to be in currency value or cash

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