The ChoosaBroker Trading Academy

1. An Introduction to Financial Markets (Module 1)
1.1. An Introduction to Financial Markets 1.2. Historical Perspective 1.3. Portfolio Management 1.4. Diversification 1.5. Power of Compounding
2. Breakdown of Asset Classes (Module 2)
2.1. Foreign Exchange 2.2. Stocks 2.3. Indices 2.4. Commodities 2.5. CFDs Contract for Difference 2.6. Bonds 2.7. Cryptocurrencies 2.8. Futures and Options 2.9. ETFs
3. Categories of Financial Market Participants (Module 3)
3.1. Speculators 3.2. Investors 3.3. Hedgers 3.4. Arbitrageurs 3.5. Institutional Players
4. Portfolio Management (Module 4)
4.1. Theory and Importance of Portfolio Management 4.2. Asset Allocation 4.3. Risk Management 4.4. Retirement Planning
5. Introduction to Forex (Module 5)
5.1. How the Forex Market Works 5.2. Benefits and Drawbacks of the Currency Market 5.3. Major Pairs and Time Zones 5.4. Basic Forex Trading Concepts 5.5. Leverage and Margin Trading 5.6. Forex Market Strategies
6. Introduction to Stocks and Indices (Module 6)
6.1. How the Stock Market Works 6.2. Commonly Used Terms 6.3. Primary and Secondary Markets 6.4. Regulatory Framework 6.5. Financial Intermediaries 6.6. Clearing and Settlement Process 6.7. Index Composition
7. Introduction to Commodities (Module 7)
7.1. How the Commodity Market Works 7.2. Understanding Derivatives and Futures Pricing 7.3. Global Commodity Exchange 7.4. Agricultural Commodities 7.5. Non-Agricultural Commodities 7.6. Precious and Non-Precious Metals 7.7. Factors That Affect Commodity Prices
8. Introduction to CFDs (Module 8)
8.1. Types of CFDs 8.2. Basic Concepts of CFD Trading
9. Introduction to ETFs (Module 9)
9.1. How ETFs Work 9.2. How to Select ETFs
10. Different Forms of Asset Analysis (Module 10)
10.1. What is Technical Analysis? 10.2. What is Fundamental Analysis? 10.3. News Trading 10.4. Earnings Trading
11. Basics of Technical Analysis (Module 11)
11.1. How to Identify Support-Resistance Levels 11.2. Understanding Trends 11.3. An Introduction to Classical Chart Patterns 11.4. Overview of Candlestick Patterns 11.5. Different Types of Technical Indicators 11.6. Fibonacci Levels 11.7. How to Build a Trading Plan 11.8. Importance of Controlling Risk in Trading
12. Basics of Meta Trader 4 (Module 13)
13.1. How to Get Started MT4 13.2. How to Create and Adjust Charts 13.3. How to Place an Order 13.4. Basic Performance Monitoring on MT4 13.5. Risk Management Tools 13.6. MT4 Webtrader Basics
13. Advanced Meta Trader 4 Tools (Module 14)
14.1. How to Place Special Orders 14.2. Setting Asset Alerts and Rules 14.3. Adding Technical Indicators 14.4. Using Expert Advisors 14.5. Keyboard Shortcuts 14.6. MT4 Mobile Application

13.2. How to Create and Adjust MT4 Charts

MetaTrader 4 charts are easy to set up and use. The wide array of in-built technical indicators and studies enable a trader to implement even the most complex of strategies. This tutorial contains the following basic information that you need to know to start working with MT4 charts:

  • How to Create MT4 Charts?
  • How to Add Technical Indicators?
  • How to Add Chart Object?
  • How to Select Time frame?
  • How to Save Charts?

MetaTrader 4 Chart Settings

The appearance and properties of charts on the MT4 terminal can be set up individually by pressing F8. This result in popping up of the “Properties” window that can be used to define the following elements of a chart –

  • Background Colour
  • Foreground Colour
  • Chart Grid Colour
  • Up Bar Colour
  • Down Bar Colour
  • Line Chart Colour
  • Volumes and Levels of Open Positions Colour
  • Ask Line Colour
  • Stop Order Level Colours
Some other important chart settings can be defined using F8. To do so, a user has to click on the “Common” tab and select from a list of options:
  • Offline Chart – To stop charts from receiving price data.
  • Chart on Foreground – Places a chart on the “foreground,” with all analytical objects appearing “under” the price chart.
  • Chart Shift – Shifts charts from the right side of the window to the desired shift mark.
  • Chart Auto-Scroll – Enables the chart to the automatically shift to the left after a new bar has begun to form.
  • Scale Fix – Fixes the chart scale as “one-to-one.”
  • Bar Chart – Chart are displayed as sequence of bars.
  • Candlesticks – Chart are displayed as sequence of candlesticks.
  • Line chart – Chart are displayed as a sequence of dots connected by a line.
  • Show OHLC – Displays the OPEN, HIGH, LOW and CLOSE for each time-frame selected.
  • Show Ask Line – Shows the last quoted Ask price level.
  • Show Period Separators – Show the date and time of each bar on the horizontal axis of the chart.
  • Show Grid – Displays grids in the chart window.
  • Show Volumes – Makes the volume chart visible in the lower part of the window.
  • Show Object Descriptions – Provides descriptions of the underlying asset contract in the chart.
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Working With Indicators

In order to add a technical indicator to an MT4 chart the below steps need to be followed:

Step 1: Navigate to the upper left hand corner of the chart window and click on “Insert” in the tool bar.
Step 2: From the drop-down list, select “Indicators”
Step 3: Choose the indicator you want to insert in the chart. If it is a custom indicator, it will be available under the “Custom” tab.
Step 4: Next, a menu will open that will allow you to select the indicator settings.
Step 5: Choose the desired settings and press “Ok.” The indicator will now be displayed on your chart

Working With Objects

To add an analytical object to a MT4 chart, click on any of the default drawing objects available on the tool bar. From left to right, these are –

  • Cursor
  • Crosshair
  • Vertical Line
  • Horizontal Line
  • Trendline
  • Equidistant Channels
  • Fibonacci Retracement Levels
  • Text
  • Arrows

To insert the object in a chart, click on it and then click on the chart location where you want the object to be added.

Changing Time Frames

To select or change a chart time frame, a user has to implement the following steps:

Step 1: Navigate to the upper left hand corner of the MT4 window and click on “Chart” in the tool bar.

Step 2: From the drop-down list, select “Timeframes”

Step 3: Choose the time-frame you want to view from the below available options –

  • M1 = 1 Minute Chart View
  • M5 = 5 Minutes Chart View
  • M15 = 15 Minutes Chart View
  • M30 = 30 Minutes Chart View
  • H1 = 1 Hour Chart View
  • H4 = 4 Hours Chart View
  • D1 = Daily Chart View
  • W1 = Weekly Chart View
  • MN = Monthly Chart View
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How to Save MT4 Charts

In order to save your charts in MT4, you will need to create and save Templates and Profiles. Templates will save indicators and other chart objects, while Profiles will save the way the chart window is positioned.

To Save A Template:

  1. Once everything you want to set up on your chart is present, go to Charts > Template > Save Template.
  2. Give the Template a name and click save.
  3. To load a saved Template, go to Charts > Templates and select the Template you desire.

To Save A Profile:

  1. Once everything on a chart is positioned the way you want, go to File > Profiles and press “Save As.”
  2. Give the Profile a name and then click “Ok.”
  3. To load a saved Profile, go to File > Profiles and select the Profile you want.

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