We are finally responding to the requests that many of our viewers have had for demonstrating some of the basics of how to use MT4 and MT5 Metatrader Forex trading charts and trading platform from Metaquotes.
You will find this video is suitable for beginners in Forex trading. Here we will explore how to use the MT4 and MT5 Fibonacci tool for measuring Fibonacci retracements and expansions or alternate price projections.
You will see what the tool used in MT4 still has a limitation this is just not acceptable for professional trading use and badly needs to be fixed for the last 10 years or so. Don’t expect that they will ever fix it because if they were going to they probably would have done it many years ago.