How to Use MetaTrader: Complete MT4/MT5 Platform Course
A hands-on beginner course that teaches you every feature of MetaTrader 4 and 5: installation, chart setup, all order types, position sizing, margin monitoring and correct trade closing. Built by FX Academy for step-by-step, demo-first practice. Enrol at https://fxacademy.example.com/courses and open a FREE demo with Exness to practise: https://one.exnessonelink.com/a/vwl4i9qqfv. Trading carries risk; practise on demo and never risk funds you cannot afford to lose.
What you'll learn
- Install MT4 and MT5 on desktop and mobile, open and connect a demo account (we recommend Exness demo)
- Configure charts, save templates and use drawing tools and indicators for effective analysis
- Place market orders and all pending orders (Buy/Sell Limit, Buy/Sell Stop), and set stop-loss, take-profit and trailing stops
- Calculate pip value and required margin with correct formulas and examples (standard/mini/micro lots)
- Size positions so a stop-loss equals an exact % of your account (e.g., risk 0.5–2% per trade) using the position-sizing formula
- Monitor free margin and margin level, recognise margin-call conditions and close/manage positions correctly
- Modify and partially close trades, use platform execution features (slippage, execution modes) and manage trades on mobile
- Build a 30‑day demo practice plan, keep a trade journal and avoid common platform mistakes
Course curriculum
6 stages, easiest first. Lesson content unlocks with enrollment.
Stage 1Module 1 — Install, Accounts & Workspace4 lessons + quiz
Get MT4/MT5 installed and linked to a demo account, learn the platform layout (Market Watch, Navigator, Terminal, chart windows) and choose between MT4 and MT5. Module ends with a short quiz. Lessons that cover live trading steps include a demo-first reminder and a brief risk warning.
- Install MT4/MT5 on desktop and mobile35 min
- Open and connect a demo account (step-by-step)30 min
- Platform navigation: Market Watch, Navigator, Terminal and charts35 min
- MT4 vs MT5: differences and choosing the right platform30 min
Stage 2Module 2 — Charts, Timeframes & Tools4 lessons + quiz
Learn chart types, timeframes, drawing tools and how to add, configure and save indicators and templates. Module ends with a quiz. Every lesson includes clear step-by-step actions for practice on your demo account.
- Chart types and timeframes35 min
- Using drawing tools (trendlines, support/resistance, Fibonacci)35 min
- Indicators: add, configure and combine (SMA, RSI, MACD)40 min
- Profiles, templates and efficient workspace management35 min
Stage 3Module 3 — Orders and Execution5 lessons + quiz
Master every order type: market orders, pending orders (Buy/Sell Limit, Buy/Sell Stop), stop-loss, take-profit and trailing stops. Understand execution modes, slippage and spread effects. Module ends with a quiz and practical order-placement tasks for demo practice.
- Placing market orders (Buy and Sell)35 min
- Pending orders: Buy Limit and Sell Limit35 min
- Pending orders: Buy Stop and Sell Stop35 min
- Stop-loss, take-profit and trailing stop mechanics35 min
- Execution details: slippage, spread and order rejections35 min
Stage 4Module 4 — Margin, Leverage, Lots and Position Sizing4 lessons + quiz
Learn precise formulas and worked examples: lot sizes (standard/mini/micro), pip-value calculations, margin required and position sizing to control risk. Module ends with a quiz and several realistic sizing exercises (demo-first).
- Lot sizes, contract size and pip value35 min
- Margin and leverage: correct formulas35 min
- Position sizing: risk-per-trade formula and examples35 min
- Practical sizing and margin checks on demo35 min
Stage 5Module 5 — Trade Management, Modification & Closing4 lessons + quiz
Learn to manage open positions: modify orders, close partially, use trailing stops and automation basics (scripts/EA). Mobile-specific trade management is included. Module ends with a quiz and practice tasks for safe trade management.
- Modify orders and perform partial closes35 min
- Trailing stops, alerts and simple automation35 min
- Closing trades correctly (single, group, and 'close by')35 min
- Mobile trading: notifications, connectivity and best practices30 min
Stage 6Module 6 — Practice Plan, Troubleshooting & Next Steps4 lessons + quiz
Create a demo practice routine, set measurable goals, keep a trade journal, and troubleshoot common platform problems. Module ends with a final quiz and clear next steps in the FX Academy learning path.
- Build a 30-day demo practice plan35 min
- Trade journaling and common beginner mistakes35 min
- Troubleshooting: platform errors, backups and templates35 min
- Next steps: continuing the FX Academy path and useful resources30 min
Sample the teaching first
We wrote a free in-depth guide on this exact topic — read it, and if the teaching style clicks, the course goes ten times deeper.
Read: How to Use MetaTrader (MT4/MT5) — Practical 2026 GuideFrequently asked questions
Is this course really worth paying for?
Every Forex Fluency course is a deep, structured program — long-form fact-checked lessons, fully worked numeric examples, diagrams and end-of-module quizzes. At $20 it costs less than one impulsive, uneducated trade typically loses.
How do I access the course after paying?
Checkout takes a minute. Once your payment is confirmed you receive an access code by email — enter it on the My Learning page and every lesson unlocks instantly, forever.
Do I need a trading account first?
No. You only need a free demo account for the practice exercises, and we show you exactly when and how to open one — no deposit required.
Will this course make me profitable?
No honest school promises that. Most retail traders lose money; education, risk management and disciplined practice are what separate the minority who succeed. This course gives you that foundation — the results depend on you.
Is it self-paced?
Completely. Lessons are written, not scheduled — read them any time, on any device, and your progress is saved as you go.