Why does mt4 say not enough money

Also, you can use the calculation formula: the easiest way to find out the amount of margin is to use trading calculator, which can be found on the corresponding page of our website.

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Why does the; Not enough money; message appear when I try to open a position, why does mt4 say not enough money.

Why does the "not enough money" message appear when I try to open a position?

"not enough money" means that there is not enough margin on your account to open a position of the desired volume.

What to do in this situation?

Deposit funds to your account or transfer them from the other one to increase the amount of free margin.

Reduce the volume of the position you want to open.

Close other open positions on your account.

How to find out the amount of margin required for opening a position?

The easiest way to find out the amount of margin is to use trading calculator, which can be found on the corresponding page of our website.

Also, you can use the calculation formula:

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Why does the "not enough money" message appear when I try to open a position?

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My MT4 expert advisor isn’t working

Your MT4 expert advisor isn’t working? Read through our checklist to help diagnose the problem. I want to get back to trading asap.

Dumb things you might not have considered (seriously)

Everyone gets annoyed when you call the cable company to complain that the cable isn’t working. What’s the first question that they ask?

They ask that for a reason – people really do make those kinds of mistakes, so don’t feel frustrated that I’m pointing out potentially dumb mistakes.

Do you have metatrader 4 open and installed?

You must have metatrader 4 running in order to use an expert advisor. Eas cannot run with MT4 or the computer turned off.

Are you logged into your account?

If you don’t see a split red/green logo like the image below, it’s because you are not logged in to your account. It goes without saying that the internet is a prerequisite to trading online.

If you know that you’re entering the account information correctly, the next logical step is to test your internet. Are you able to open google or another major web site in your browser?

Do you have money in your account?

You can’t trade if there isn’t any money in the account. Make a deposit in order to allow actual trading.

If your account looks like this one… that’s bad.

Have you enabled autotrading?

You need to push the autotrading button so that it appears with a small green arrow.

Do you see a smiley face on the chart?

If your EA shows a sad face like you see in the upper right corner of the image, it’s because EA trading is disabled

The smiley face is the proof that your expert advisor is allowed to place trades for you. If you see a sad face (as in the image above), then do one of the following

Check that autotrading is enabled (see the prior problem)

Right click on the chart. Choose expert advisors, then properties. Right click on “common” tab. Make sure the checkbox next to “allow live trading” is checked.

Check allow live trading to allow the EA to place trades.

Things that go wrong

Almost all of the items listed below will appear in the journal tab if they occur. It’s the first place you should go if you’re still experiencing problems.

Do you see any error messages in the journal? This is the first spot to visit if you’re still trying to find the problem.

Your trades cannot enter

There are oh-so-many reasons why a trade cannot enter. You’re trying to buy at the sell price. Your pending order is too close to the market. There is not enough liquidity and the broker is unable to fill your order … or your broker is requoting you and refusing to accept your orders. If requotes are happening to you, then you really ought to switch brokers .

Check the journal tab to figure out the reason.

The brokers slippage is larger than the amount slippage you specified for the order

Most eas contain an input for slippage. If you specify a small amount and the broker is unable to fill your order at the requested price, then your trade will be rejected. You’ll know this from checking the journal.

Context is busy

This is an error common to many eas. If you’re trading both the EURUSD and GBPUSD and they generate signals at the same time, then one signal must wait.

MT4 does not allow sending multiple orders at the same time. In this scenario, the EA has to send the EURUSD order, wait for the broker to accept it and get the confirmation. Then and only then can it request to place the GBPUSD trade. Talk to a metatrader programmer if you’re experiencing this issue.

The price of your pending order is too close to the current market.

Solution: place it further away or get a new broker. You shouldn’t put up with restrictions on your trading.

A compile error has prevented MT4 from generating an executable file

This will prevent the EA from loading onto the chart. You’ll see a note in the journal saying the EA was removed and it will give an uninitialization reason.

A logical error in the code is preventing the EA from taking trades at the right time

If you paid for an expert advisor and it’s not trading at the correct time, then contact our programmers.

I can’t use MT4 while the EA runs

Then the EA contains an infinite loop. You need to have this removed from your MQL4 source code before you’ll be able to use the expert advisor and MT4 at the same time.

A buy trade won’t enter while I have an open sell trade. Or… a sell trade won’t enter while I have an open buy trade

Your broker is more than likely in the US. You are trying to hedge, which means having an open buy trade and an open sell trade at the same time on the same currency pair. This is illegal in the US, so metatrader does not allow it.

My EA says something about a missing file

Some eas, especially ones that you buy on the internet, require special files in order to run properly. Even one missing file will cause the EA to malfunction. These can include files, library/dll files, or a custom indicator. Missing also means that the file(s) is not located in the correct folder.

You haven’t enabled DLL permission

Check your DLL permission if you see this error. Right click on the chart. Choose expert advisors, then choose properties. Click on the common tab. Make sure you have a check next to “all DLL imports”.

You switched accounts or profiles

Metatrader disables automated trading when you switch accounts or profiles. Click the big button at the top of your metatrader platform that says “autotrading”.

Your broker’s server is down

This should strike fear into the heart’s of every online forex trader. While most brokers have 99.99999% uptimes, it does rarely happen where a server goes down. If your internet is working and everything works except metatrader, then it’s time to call your broker’s customer service number.

Because you like trading with eas, why not check out our free expert advisors? Click here to review the selection.

Can’t find the answer to your problem? Explain your problem in the comment section below to get an answer within one business day .

Comments

Hello, i have 2 problems with mt4 but first the one who concerns me the most. I did make an ea with ea builder. Its an ea based on ema.
So on one chart i let run the ea and at the same time i let run several ema indicators to see if the ea places the order on the right way.
But i do see a difference between the drawing of the graphical result of the strategy and the order placement of the ea. Wile for both the settings are the same.
I did make a screen capture. In short if i believe the screen chart the trade by the ea was illegal or the screen gives false graphic and the trade was right by the ea.
Do u have any idea whats going on?
Second as far as i did check & recheck for control all the settings in mt4 all is oke but the ea does take only sell trades and not buy trades. There is no connection about hedging, i am talking about different pairs who are in uptrend on the moment.
It’s very strange to me.

Any way thank u for your time and nice website.
Regards mark (the netherlands)

It’s difficult to diagnose EA issue based on verbal explanations. Screenshots make our EA programming world go-round.

The screenshot will 100% reflect the time of trade entry. There’s no risk of the screenshot making it up. The EA is entering at the wrong time.

Hi my mt4 account with EA keeps waiting for initial entry! Saying error.

You’ll need to contact the EA vendor. “error” is a very broad description.

Hi. The EA is not placing trades. Ive checked all the above but stil. Do u knw anything about micosoft framework that is required in order for the system to run

So far as I know, no special patches from microsoft are required. It should run on any microsoft OS from windows 7 on up.

I have a problem with one expert advisor i downloaded, normally everything should work cause others do work but this one not sure what is wrong, smiley face keeps disappearing from the top right corner after i press ok.. I have attached screenshot, there is an error message in the journal not sure what i have to do to resolve this issue. Please let me know.

It’s all good got it resolved!

Thanks for letting me know!

I came accross your question I hope you can help. How did you solve the smiley face from disappearing. I am having the same problem.

It’s disappearing because the EA is failing to complete the oninit() function. Check the experts tab of your journal for clues.

Thanks for all the information!

Thus I have a different problem with my EA. The thing. Is that asson as I confirm the settings and the load is successful in the journal the smiley face in the upper right corner disappear. The journal says it is removed and I sure did not remove it.

I sincerely hope you can help me with this.

You should check the experts tab. There is some error in the EA causing it to fail and remove. It’s probably something like a zero divide or invalid inputs.

HI i have a peculiar problem, built this EA with EA builder and copied the source code then compiled. Working on one computer and not on the other where i have 6 errors like (‘errordescription’ – function not defined) but it’s the exact same code that works on the other computer, any ideas on what the problem could be?

You’re missing the function errordescription. I don’t know how you lost it, but more than likely you forgot to copy a dependent file.

I load the EA from the list of eas in the navigator window click on enable trading then click on OK to install on MT4 chart and the smiley face disappears and in the journal says the program is removed having tried it several times with same result. What can I do?

Your EA is failing to initialize. Open the experts tab in the journal window to look for errors or hints.

HI shaun
my ea is not opening trades I checked all the settings are on and the smiley face is showing however wen the ea opens a trade it says error sendin order.So far all the others that are using the ea are making profit except me.Please advise .If possible send me your email and I wil send u a pic of the error report.Thanks once again

You need a programmer to help you remove the error. Please email info@onestepremoved.Com to receive a quote.

Y si no funciona en el servicio de VPS de metatrader?…. Se supone que al sincronizar el EA en el VPS se activa en el VPS y se desactiva en el MT4.

Then use a different VPS service. The MT4 VPS does not support DLL files, which eliminates a lot of people that might be interested.

Good article, shaun. Like you say, some of those are dumb things, but many people do not consider them.

I have an ea, which work perfectly fine in demo and strategy tester. But, in real account, this ea cant execute all triggered buy signal, meanwhile sell position executed perfectly. Only sell signal can be executed in real account.
From journal and expert tab i cant find any error. Is this problem on broker side or my ea? Tq

If you have the .Mq4 source code available, then you can send the file to info@onestepremoved.Com to receive a cost estimate. It’s hard for me to guess without looking at what you have.

My EA will execute the trade on demo account mt4, however the EA has a specific time to execute but will not follow the exact time to open the position and the specific minutes to close the trade unless i got stop out or has the take profit pips met. I’ve adjusted my laptop time, along with the server time and my EA to reflect the server time.

I don’t think it’s a slippage issue as it’s set to 3 and it’s a demo account. It also when it executes the trade it enters double the trade.

Another question is when u run strategy tester with a spread of 2, how is that different when EA settings setting is set on 3?

Can u suggest what I’m missing?

There a lot of questions here. It sounds like hard-coded EA issues instead of general questions.

The backtester forces every trade to be a 2 pip spread, regardless of whether or not that actually happened in the market. Telling the EA to use a 3 pip spread means that’s the max spread where you’ll allow an EA to place a trade.

Cuando uso mi EA me sale un aviso que dice: se intentó operar durante 20 segundos error #133. Como lo soluciono?

Error 133 means that “trading is disabled”. You must click “allow live trading” on the EA properties and push the autotrading button at the top of the screen.

Hola en la noche deje mi mt4 activo y lo deje así porque el trader opera a las 4. Pero cuando fui a ver a las 6 am no habían copiado las operaciones a que se debe? Sera que la pc estaba suspendida? Abajobdecia en el diario conection lost conexión enabled

Your computer is probably activating its screensaver or power management program, which prevents MT4 from operating.

Hi shawn. I downloaded an ea from forex geek ,its a free robot , i installed it to my platform and attached it to a currency pair chart the smiley face and expert advisor name is showing in the top right-hand corner of the screen ,there are no errors found in tbe journal, as a matter of fact it says successfully loaded, but. The ea is not executing any trades , my enable trading is on , dll is selected, auto trading is on , by the way i have other currency pair charts open and trading with another ea that works . Can you help plz ,im pulling my hair out , thank you

There just might not be any trading signals. It’s hard to say without knowing the rules.

Un consulta, compre un EA, es un archivo con extension ex4 posterioemente el archivo lo copie y pegue en la carpeta experts del MT4, reinicie mi programa y no aparece en el navegador en el sector de asesores expertos…

Please contact the vendor for assistance.

Hi shaun, I have an MT4 EA that i built, i have checked everything set above. It has a three trade reversal built in (so if a long stop is hit, then an order at market is entered short) however when i ran it live, the first order processed, that long was stopped out and EA went short (all good) but then when that short was stopped out the third should have triggered and it did not. I tried the code on the strategy tester and it did work. I have checked the EA and journals and there are no error entries (i.E. No size, position, account or other issues), the order just isn’t there at all. Are you able to suggest why this might not have fired? Thanks for your help.

It might have something to do with FIFO. That’s the most common cause where a strategy works on the backtester but fails live. I assume you’re trading at a US brokerage?

Hi shaun,I downloaded this EA on recommendation and whenever I try running it on any chart it would show loaded successfully then later show removed at times it does show zero divide please help

And I haven’t credit that account I want to use the EA with because I want to be sure if it will work can that be the problem?

Hi every one my name is ankush

My ea is working on aal brokers but not working on advanced market plz tell me the solutaion

My no no is +91 7058111899
+ 91 8698197916

I have a problem in using an ea on metatrader5, I can find the save load and OK button on the ea after inputting the parameters.

Hi shaun, yesterday my ea no1 was working find, but today it won’t trade. I’ve go through all the checklist but non of it help.
I’ve tried my second ea and everything is working find like it should be.
Can you please help me?
Thanks.

Did it miss any signals? Is there any error in your navigator window?

My ea is not working and I checked all faults ex like auto trader on properties and the smiley face as well on the chart.The error report I get is sending order error.
Please advise

Are they any errors in the navigator window?

Tiago ribeiro miranda says

Oi, meu EA funciona normal porem se eu desligar o meu notebook e ficar fim de semana sem ligar quando ligo e abro o mt4 o EA não funciona. Tenho que abrir outra moeda, excluir a moeda que tava aberta, excluir o EA e reinstalar outra vez o EA, so assim consigo voltar operar. As vezes tenho que desinstalar mt4 e reinstalar ele pra voltar a funcionar o EA. Qual problema??
Obs. Importar DLL fica desabilitado.

I programmed an EA to trade once per bar provided a preset price is reached (say 12 pips from opened price at bar<0>). The EA enters trade correctly some times and other times it refuses to open a trade even when the condition is right. At other times too it opens a trade even when the condition is not satisfied. What could be the cause of these?

As an addendum to the comment i just made above concerning my EA the opens trade even when the condition is not right and at times refuses to open even when the condition is ok. I check the mt4 journal and the is no comment about the time

You need a programmer to review the logic in order to comment.

Hello, I downloaded a free expert advisor and doing the strategy tester works very well but on real account does not open any order despite having the smiley face in the upper right corner with all the check activated. The diary does not give any kind of error.
Thank you for your time

Check the errors or journal tab.

Hi shaun,
my EA under both the “experts” and “journal” tab, says, “automated trading disabled” alternating with “automated trading enabled”, around a dozen times within say a 10 or 20 minute period, then resumes trading normally. This has been happening ever since i installed it, (about a month ago). Happy to send a screenshot if that helps and i don’t have a VPS, am in australia and have upgraded to the NBN, (national broadband network). Could it be an internet issue or?
Appreciate your time and any help.
Cheers kev

How to fix MT4 common error message?

Have you ever encountered common error message in metatrader 4? Today, we discuss the ways how to fix MT4 common error message.

Atozforex – trading in forex can be challenging. Sometimes you face obstacles coming from the market side, sometimes you might encounter some difficulties with your broker. However, a lot of forex traders also experience technical issues during the trading hours, which may lead to losing trades.

How to fix MT4 common error message?

Metatrader 4 trading platform is one of the most popular trading platforms among forex traders. This version of the platform stays at the peak of demand despite the release of the new metatrader 5 trading platform. MT4 is a great platform that provides you with a myriad of useful trading tools and features and allows you to successfully trade forex on a daily basis. However, even this platform sometimes can bring some challenges to your trading routine.

One of such – the ‘common error’ message in metatrader 4. This error might appear due to a variety of reasons. Normally, the error message is popping up in the bottom right corner of the platform’s window. Below see the screenshot of the error.

One of the key reasons this common error is occurring is the poor internet connection. Any difficulties with your internet connection, whether it is just slow or being disrupted, might cause this error to emerge.

Even though metatrader 4 is a strong high-quality platform, occasionally this error might pop up. This is due to the fact that MT4 requires a strong internet connection.

How to fix MT4 common error message?

If you encountered the MT4 common error message, please proceed with following actions:

Close all charts that are loading or appear frozen

Close the platform itself and restart your PC

Verify the connection signal. Even if you believe your internet connection is good, still turn off the wi-fi router and let it be off for about half a minute. Switch it back on.

Also try to disable your anti-virus software for some time or any internet security programs, if you utilize any

In case you have another PC, try using MT4 platform there in order to understand the nature of the problem

Double-check if you are using the correct server at log-in. For instance, if you are on the demo account, connect to the correct ‘demo server.

Click on the connection bars icon on the right-hand side of the screen. Choose ‘rescan servers’. If this does not change anything, select another server location.

If you still have these issues, it is time for you to change your broker! See our list of reliable mt4 brokers

If you have any other questions besides ‘how to fix MT4 common error message?’ or you know other ways to solve this issue, please don’t hesitate to contact us in the comments section below.

Reasons why forex traders lose money

Michael grabois / getty images

A commonly known fact is that a significant amount of forex traders fail. Various websites and blogs even go as far as to say that 70%, 80%, and even more than 90% of forex traders lose money and end up quitting. The forex website dailyfx found that many forex traders do better than that, but new traders still have a tough timing gaining ground in this market. reviewing the following list will show you some of the most common reasons why forex traders lose money and help you make it into that elusive percent of winning traders.

Befriending the market

The market is not something you beat, but something you understand and join when a trend is defined. At the same time, the market is something that can shake you out if you are trying to get too much from it with too little capital. Having the "beating the market" mindset often causes traders to trade too aggressively or go against trends, which is a sure recipe for disaster.

Low start-up capital

Most currency traders start out looking for a way to get out of debt or to make easy money. It is common for forex marketers to encourage you to trade large lot sizes and trade using high leverage to generate large returns on a small amount of initial capital.

You must have some money to make some money, and it is possible for you to generate outstanding returns on limited capital in the short term. However, with only a small amount of capital and outsized risk because of too-high leverage, you will find yourself being emotional with each swing of the market's ups and downs and jumping in and out and the worst times possible.

You can resolve this issue by never trading with a too-small amount of capital. This limitation is a difficult problem to get around for someone that wants to start trading on a shoestring. $1,000 is a reasonable amount to start with if you trade very small (micro lots or smaller). Otherwise, you are just setting yourself up for potential disaster.

Failure to manage risk

Risk management is key to survival as a forex trader like it is in life. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost.

To counteract this threat and implement good risk management, place stop-loss orders, and move them once you have a reasonable profit. Use lot sizes that are reasonable compared to your account capital. Most of all, if a trade no longer makes sense, get out of it.

Giving in to greed

Some traders feel that they need to squeeze every last pip out of a move in the market. There is money to be made in the forex markets every day. Trying to grab every last pip before a currency pair turns can cause you to hold positions too long and set you up to lose the profitable trade that you are trading.

The solution seems obvious; don't be greedy. It's fine to shoot for a reasonable profit, but there are plenty of pips to go around. Currencies continue to move every day, so there is no need to get that last pip; the next opportunity is right around the corner.

Indecisive trading

Sometimes you might find yourself suffering from trading remorse. This situation happens when a trade that you open isn't immediately profitable, and you start saying to yourself that you picked the wrong direction. Then you close your trade and reverse it, only to see the market go back in the initial direction that you chose.

In this case, you need to pick a direction and stick with it. All that switching back and forth will just make you continually lose little bits of your account at a time until your investing capital is depleted.

Trying to pick tops or bottoms

Many new traders try to pick turning points in currency pairs. They will place a trade on a pair, and as it keeps going in the wrong direction, they continue to add to their position, sure that it is about to turn around this time. If you trade this way, in the end, you end up with much more exposure than you planned, along with a terribly negative trade.

It's best to trade with the trend. It's not worth the bragging rights to know that you picked one bottom correctly out of 10 attempts. If you think the trend is going to change, and you want to take a trade in the new possible direction, wait for a confirmation on the trend change.

If you want to pick up a position at the bottom, pick up the bottom in an uptrend, not in a downtrend. If you want to open a position at the top, pick a top when the market's making a corrective move higher, not an uptrend that's part of a larger a downtrend.

Refusing to be wrong

Some trades just don't work out. It is human nature to want to be right, but sometimes you just aren't. As a trader, you just have to accept that you're wrong sometimes and move on, instead of clinging to the idea of being right and ending up with a zero-balance trading account.

It is a difficult thing to do, but sometimes you just have to admit that you made a mistake. Either you entered the trade for the wrong reasons, or it just didn't work out the way you planned it. Either way, the best thing to do is admit the mistake, dump the trade, and move on to the next opportunity.

Buying a system

There are many so-called forex trading systems for sale on the internet. Some traders are out there looking for the ever-elusive 100-percent accurate forex trading system. They keep buying systems and trying them until finally giving up, deciding that there is no way to win.

As a new trader, you must accept that there is no such thing as a free lunch. Winning at forex trading takes work just like anything else. You can find success by building your method, strategy, and system instead of buying worthless systems on the internet from less-than-reputable marketers.

Tradingview review: why I stopped using metatrader

Metatrader is such a great charting platform. But now there is something better. Learn why I decided to make the switch, even though metatrader is free and tradingview is paid.

For a long time, metatrader was the very best charting software for forex.

…and it's still really good.

The best part is that it is also free.

In this post, I'll show you why I decided to switch from the free MT4 platform to the pro version of tradingview. Some people may think that this is crazy, but I'll give you 5 reasons why I decided to do it.

I'm not saying that you should switch…use whatever works best for you. But if you are frustrated with certain things about metatrader, like I was, then tradingview might be a great MT4 alternative.

To learn more, watch this video. If you prefer the text version, it is provided below the video.

1. Platform independence

If you have been reading this blog for awhile, then you know that I hate using microsoft windows.

Sure, you can install vmware fusion with windows 7 to get MT4 to work on a mac. But it's a pain in the ass to reinstall everything whenever something happens to windows or if I get a new computer.

Having a browser-based charting platform makes it easy to log into my tradingview account any computer and have all of my presets available. No more manual setups or dropbox backups.

I can even log into a linux computer and still use the same charts.

This reason alone makes it worth considering. But other platforms have promised this ability and have fallen short on one huge thing.

2. Solid charts

If you look at most of the online charting solutions that are available, they are pretty crappy. Even metatrader's online charting platform is a stripped down version of the installable version.

Do you remember the first java charts that were available for forex?

I'm talking back in like 2000.

They were barely good enough to trade with. But you couldn't save any settings and they would always crash.

Newer online charts are quite a bit better, but they still face the same glitchy behavior. For example, one of tradingview's closest competitors (not naming names) doesn't change the background of a chart, even after you change them in the settings.

In stark contrast, tradingview's charts are rock-solid. They scroll forward and backwards as expected and when you change a setting it actually works.

The chart zooming is super smooth.

From what I hear, tradingview spent a ton of money on their charts and it shows. In my opinion, they are better than metatrader charts.

…and that's saying a lot, because metatrader charts are awesome!

On top of that you don't have to manually download historical data like you have to do with MT4 data.

3. Easy multi-timeframe analysis

This one is a big one for me.

Since I'm a swing trader, I trade off the 4-hour and daily charts. But I also want to see the 1-hour and weekly charts to get some additional context.

In metatrader, you cannot instantly analyze different timeframes for the same currency pair. You have to switch each chart individually.

But in tradingview, you can have 4 charts up at the same time and you can set each one to a different timeframe. When you switch currency pairs, all of the charts change to the new pair, but keep their timeframe.

This is super convenient and makes it so easy to analyze each pair, with just one click. You can also hit the down arrow on your keyboard and move to the next pair.

This alone has saved me so much time when checking the charts.

4. Access to other markets

One big thing that is missing from most metatrader installations is the ability to see other markets. For example, I also trade etfs, some stocks and I watch markets like oil, gold, the S&P500 and correlated markets, because they can influence FX.

But metatrader was built to primarily be a forex platform and only allow traders to see the trading instruments that are available from each broker. So if your broker does not provide a data feed for gold, then you have to get it somewhere else.

But on tradingview, I can see quotes for futures, commodities, stocks and FX. This makes it a one-stop platform to see everything I need.

Why would I go anywhere else?

5. Great charting features

Last, but certainly not least, the charting tools in tradingview are superior to any other platform that I have seen. One of my favorites is the long/short position markers.

They make it easy for me to mark my positions and instantly see how each position is doing. In metatrader, I had to create three separate lines to mark my entry, stop loss and take profit.

But in tradingview, one tool takes care of all of these things.

You can also save your charts or trading ideas, then play them forward after the trade has been closed. Click the play button on any of these charts and see it action.

As you know, a trade can look much different before you enter a trade and after it has been seen to completion. So by creating a before and after snapshot allows you to get a good feel for what the trade looked like when you entered.

All of the other tradingview tools are pretty standard. But I do like the huge library of icons that you can add to a chart ��

Yeah, it's a minor thing. But it's a nice touch.

Tradingview pro review

I decided to upgrade for two reasons:

The nag screens were annoying and distracted me

It pricing was cheap enough, compared to the value that I got

In my opinion, the paid version is downright cheap. Of course, this will depend on your income and geographic location. It currently starts at $9.95 per month, you get rid of all the annoying popups and get other excellent benefits.

You can also trade directly on the charts. They are always adding new brokers so be sure to check their current list.

The free version is good enough for beginning traders. But if are serious about this, pro is the only way to go.

Tradingview alternative

If you are new to forex trading, then there are certainly very capable alternatives to tradingview. Consider the following…

Metatrader 4

Metatrader 4 is still a very solid charting and trading platform. My only complaint is that you cannot trade nano lots and the interface still has that 1999-microsoft-windows swagger going on.

I still use MT4 on a VPS for my alerts because the tradingview pine programming language is not at the same level as metatrader or tradestation.

But once pine is ready for prime time, I'll be all over it.

Metatrader 5

I don't know anyone who uses MT5 exclusively. But it might work well for you.

It's also free, so if you are interested, you should check it out.

My opinion is that you should stick to MT4. There is a bigger code base, more programmers and MT4 for just works.

Proprietary platforms

Brokers like FXCM have their own trading platforms. They might work better for you.

I'm not a big fan of the FXCM platform, but some love it. The one thing that I didn't like (the last time I used it) was that they blended all trade entries.

Since I live in the US, I can't trade with them anymore anyway.

But it's an option to consider.

Conclusion

If we look forward to the near future, most trading software that we use is going to be browser-based. Any software that is platform dependent, is going to have to adapt or be overtaken by saas (software as a service) solutions.

This goes for trading journals, charting/trading platforms and even backtesting software.

It's funny how some traders are so resistant to this shift in platforms though.

I got a really angry email from a trader that basically said:

“profitable traders only use metatrader.”

If you believe that your charting/trading platform determines your profitability, then I'm not sure what to say to you.

Just like with anything else in trading, keep an open mind.

You might be surprised at what you discover.

What's your opinion about metatrader vs tradingview?

Disclaimer: some links on this page are affiliate links. We do make a commission if you purchase through these links, but it does not cost you anything extra and we only promote products and services that we personally use and wholeheartedly believe in. A portion of the proceeds are donated to my charity partners.

How to fix MT4 common error message?

Have you ever encountered common error message in metatrader 4? Today, we discuss the ways how to fix MT4 common error message.

How to fix MT4 common error message?

Even though metatrader 4 is a strong high-quality platform, occasionally this error might pop up. This is due to the fact that MT4 requires a strong internet connection.

How to fix MT4 common error message?

If you encountered the MT4 common error message, please proceed with following actions:

Close all charts that are loading or appear frozen

Close the platform itself and restart your PC

Verify the connection signal. Even if you believe your internet connection is good, still turn off the wi-fi router and let it be off for about half a minute. Switch it back on.

Also try to disable your anti-virus software for some time or any internet security programs, if you utilize any

In case you have another PC, try using MT4 platform there in order to understand the nature of the problem

Double-check if you are using the correct server at log-in. For instance, if you are on the demo account, connect to the correct ‘demo server.

Click on the connection bars icon on the right-hand side of the screen. Choose ‘rescan servers’. If this does not change anything, select another server location.

If you still have these issues, it is time for you to change your broker! See our list of reliable mt4 brokers

If you have any other questions besides ‘how to fix MT4 common error message?’ or you know other ways to solve this issue, please don’t hesitate to contact us in the comments section below.

Why not just print more money?

Ph.D., business administration, richard ivey school of business

M.A., economics, university of rochester

B.A., economics and political science, university of western ontario

If we print more money, prices will rise such that we’re no better off than we were before. To see why, we’ll suppose this isn’t true, and that prices will not increase much when we drastically increase the money supply. Consider the case of the united states. Let’s suppose the united states decides to increase the money supply by mailing every man, woman, and child an envelope full of money. What would people do with that money? Some of that money will be saved, some might go toward paying off debt like mortgages and credit cards, but most of it will be spent.

Wouldn’t we all be wealthier if we printed more money?

You're not going to be the only one who runs out to buy an xbox. This presents a problem for walmart. Do they keep their prices the same and not have enough xboxes to sell to everyone who wants one, or do they raise their prices? The obvious decision would be to raise their prices. If walmart (along with everyone else) decides to raise their prices right away, we would have massive inflation, and our money is now devalued. Since we’re trying to argue this won’t happen, we’ll suppose that walmart and the other retailers don’t increase the price of xboxes. For the price of xboxes to hold steady, the supply of xboxes will have to meet this added demand. If there are shortages, certainly the price will rise, as consumers who are denied an xbox will offer to pay a price well in excess of what walmart was formerly charging.

For the retail price of the xbox not to rise, we will need the producer of the xbox, microsoft, to increase production to satisfy this increased demand. Certainly, this will not be technically possible in some industries, as there are capacity constraints (machinery, factory space) that limit how much production can be increased in a short period of time. We also need microsoft not to charge retailers more per system, as this would cause walmart to increase the price they charged to consumers, as we’re trying to create a scenario where the price of the xbox won’t rise. By this logic, we also need the per-unit costs of producing the xbox not to rise. This is going to be difficult as the companies that microsoft buys parts from are going to have the same pressures and incentives to raise prices that walmart and microsoft do. If microsoft is going to produce more xboxes, they’re going to need more man-hours of labor and obtaining these hours cannot add too much (if anything) to their per-unit costs, or else they will be forced to raise the price they charge retailers.

Wages are essentially prices; an hourly wage is a price a person charges for an hour of labor. It will be impossible for hourly wages to stay at their current levels. Some of the added labor may come through employees working overtime. This clearly has added costs, and workers are not likely to be as productive (per hour) if they’re working 12 hours a day than if they’re working 8. Many companies will need to hire extra labor. This demand for extra labor will cause wages to rise, as companies bid up wage rates in order to induce workers to work for their company. They’ll also have to induce their current workers not to retire. If you were given an envelope full of cash, do you think you’d put in more hours at work, or less? Labor market pressures require wages to increase, so product costs must increase as well.

Why will prices go up after a money supply increase?

In short, prices will go up after a drastic increase in the money supply because:

If people have more money, they’ll divert some of that money to spending. Retailers will be forced to raise prices, or run out of the product.

Retailers who run out of product will try to replenish it. Producers face the same dilemma of retailers that they will either have to raise prices, or face shortages because they do not have the capacity to create an extra product and they cannot find labor at rates which are low enough to justify the extra production.

Inflation is caused by a combination of four factors:

The supply of money goes up.

The supply of goods goes down.

Demand for money goes down.

Demand for goods goes up.

We’ve seen why an increase in the supply of money causes prices to rise. If the supply of goods increased enough, factor 1 and 2 could balance each other out and we could avoid inflation. Suppliers would produce more goods if wage rates and the price of their inputs wouldn’t increase. However, we’ve seen they will increase. In fact, it’s likely that they’ll increase to such a level where it will be optimal for the firm to produce the amount they would have if the money supply had not increased.

This gets us to why drastically increasing the money supply on the surface seems like a good idea. When we say we’d like more money, what we’re really saying is we’d like more wealth. The problem is if we all have more money, collectively we’re not going to be any more wealthy. Increasing the amount of money does nothing to increase the amount of wealth or more plainly the amount of stuff in the world. Since the same number of people are chasing the same amount of stuff, we cannot on average be wealthier than we were before.

Reasons why forex traders lose money

Michael grabois / getty images

Befriending the market

Low start-up capital

Failure to manage risk

Giving in to greed

Indecisive trading

Trying to pick tops or bottoms

Refusing to be wrong

Buying a system

Lesson 60: how to solve worries about money (luke 12:22-34)

Economist john kenneth galbraith observed, “money is a singular thing. It ranks with love as man’s greatest source of joy—and with death as his greatest source of anxiety” (reader’s digest [4/84], p. 93).

Most of us are prone to worry about money. If we don’t have enough, we worry about how to get it; if we have plenty, we worry about whether we really have enough and about how to hang on to what we have. Worry has been described as “a thin stream of fear trickling through the mind. If encouraged, it cuts a channel into which all other thoughts are drained” (arthur somers roche, in reader’s digest [6/88], p. 64). Worries about money can easily become that kind of deep channel.

Jesus wants his followers to be free from worries about money. He has just been speaking to the crowd about the dangers of greed and living for this world without a view to eternity. Now, he speaks to his disciples, who were perhaps feeling anxious about whether they would have enough to live on. He shows them that anxiety is opposed to trust in god, who lovingly cares for his own. He also shows that to go to the other extreme and pursue riches is at odds with seeking god’s kingdom. He is teaching us that …

To solve worries about money, we must trust in the god who cares for us and seek his kingdom above our own needs.

The world sings, “don’t worry, be happy,” but it has no basis for such advice other than blind optimism. But the christian can and should sing, “don’t worry, trust god.” this is far from blind optimism, because it is based solidly on the nature and character of god and his many promises to us. Thus jesus tells us,

1. To solve our worries about money, we must trust in the god who cares for us (12:22-28).

The old king james version translated jesus’ command in verse 22, “take no thought,” which some have mistakenly taken to mean that we should not devote any mental effort or time or energy into providing for our future needs. These people would say that we should not store up any savings for the future, we should not buy insurance, we should not concern ourselves at all with money matters. Just trust god and he will provide.

But in 1611 when the king james bible was translated, the phrase, “take no thought,” meant, “don’t worry” or be anxious. The lord was not encouraging a lazy, who-cares attitude about money. In fact, scripture enjoins us to pay attention to financial matters (prov. 27:23-24). While god provides for the birds, he doesn’t plop the worms in their mouths as they sit in their nests! They have to exert some effort to obtain the worms that god has provided. So here jesus was speaking against inordinate, consuming, distracting worry. The greek word has the basic meaning of being divided. It is the word used when jesus rebuked martha, “you are worried and bothered about so many things; but only a few things are necessary, really only one” (luke 10:41-42). Here, jesus gives us four reasons why we should not worry about money:

A. We should not worry about money because the core of life concerns the soul, not the body (12:22-23).

“life is more than food, and the body than clothing.” jesus is saying that the key thing in life is not things. And, jesus is not just talking about trinkets and non-essentials, but rather, about necessary food and clothing. But even these things are not the key thing in life. The key thing in life is being rightly related to god. If your soul is rightly related to god, then he will take care of your body, as jesus goes on to point out. But if you have a well-fed and nicely clothed body, but you are alienated from god, you are missing the main thing in life.

So, in effect, jesus is saying, “if you want to worry, worry about the most important matter in life.” food and clothing should not be your main worry. Your eternal soul should be your main concern. If someone says, “yes, but I’m going to starve to death,” jesus replies, “but where will your soul spend eternity?” “but I’ll freeze to death because I don’t have proper clothing!” “yes, but then you’ll be too hot, if you’re not rightly related to god!” don’t worry about money, because the core of life concerns the soul, not the body.

B. We should not worry about money because god cares for us more than he cares for the ravens, whose needs he meets (12:24).

This is the only new testament reference to ravens. Some think that jesus mentions them because they were unclean birds, so that his argument is, “if god cares for these lowest of scavengers, won’t he meet your needs?” when jesus mentions that the ravens neither sow nor reap, nor store up their food, he does not mean that men should not labor for their food or that they should not store up necessary provisions. God’s word clearly establishes labor as the means by which we provide for our families and ourselves. Rather, he is contrasting the lowly raven with the rich fool in the parable just before. This man was wrongly focused on storing up plenty for the future, but he stupidly ignored god. By way of contrast, the raven gets along just fine without all of the rich fool’s anxiety about the future, because god cares for the ravens.

Then jesus uses understatement to say, “how much more valuable you are than the birds!” human beings are the apex of god’s creation, made in his image and likeness. Is it not reasonable to assume that if god cares for the lowly raven, then he will care for people, especially for those who are his own little flock (12:32)? The next time you see a raven, think about god’s care for those birds. You’ve never seen a starving raven! Even in the barren desert, they find plenty to eat. Then, banish your worries about money as you realize that god cares far more about you than he does about ravens. You can trust him to provide.

C. We should not worry about money because worry doesn’t do any good anyway (12:25-26).

Jesus points out the futility of worry. It never changes reality. If you worry, the outcome is the same as if you don’t worry. Actually, the outcome is worse because worry takes a toll on your health. But jesus says that worrying won’t add any years to your life. Commentators are divided over whether he meant adding height to your bodily stature or years to your life. The cubit was a unit of linear measure, which supports the view that jesus meant that you can’t grow physically by worrying about it. But, the cubit was about 18 inches, which isn’t a little thing when it comes to bodily height (12:26)! Since jesus just talked about the rich fool whose life span was not his to determine, he probably meant here, “you can’t add any time to your life by worrying about it.”

It has been estimated that 40 percent of our worries are about things that never happen; 30 percent of our worries concern things that are past that can’t be changed; 12 percent of our worries are needless worries about our health; 10 percent are petty, miscellaneous worries; and, only 8 percent deal with legitimate issues. It’s not wrong to think about things that we can do something to change, but it is futile to consume our thoughts with matters that we can’t change. Someone has observed that we need to distinguish between problems and facts of life. Problems are matters that we can do something about. Facts of life are matters that we can’t change and so we have to live with them. But in either case, worry isn’t productive and it runs counter to faith in god.

D. We should not worry about money because we should trust in god who cares for us more than he does the flowers of the field (12:27-28).

“lilies” probably refers to different kinds of wildflowers, not to what we think of as “lilies.” consider the beauty and delicacy of a wildflower! Last week marla and I hiked down to horseshoe mesa in the grand canyon. In that harsh desert environment there was a cactus with a beautiful bright reddish purple flower. It was spectacular! Not even solomon in all his glory could match the beauty of a single wildflower! If god clothes the insignificant grass of the field with beautiful flowers, grass that was bundled up when dead and used to fuel a furnace, then shouldn’t we trust him to provide the clothing that we need?

Jesus’ rebuke, “O men of little faith,” hits the heart of worry: our little faith in god. It is safe to say, is it not, that all worry stems from our lack of faith in god? When we worry, we are doubting that god truly cares for us. Keep in mind that jesus here was addressing the disciples. He was talking to believers. And yet, believers who have trusted god with their eternal destiny can easily fall into a state of unbelief when it comes to the immediate problems they face, especially with regard to basic provisions. We all need to keep in mind paul’s words, “he who did not spare his own son, but delivered him up for us all, how will he not also with him freely give us all things?” (rom. 8:32). In other words, if god did the greatest thing in saving us, can’t we trust him to take care of comparatively lesser matters on our behalf?

The worst thing about worry is not that it makes us miserable, although it always does. The worst thing about worry is that it dishonors our loving heavenly father. Suppose that you saw my kids and they had worry written all over their faces. You asked, “what’s wrong?” they responded, “we’re not sure whether our dad is going to feed us tonight.” what would that say about my love for my children? You’d probably turn me in for child abuse. My kids certainly would not be a good advertisement for any orphans who were thinking about coming to live in our home! And yet so many of the lord’s children live as if their father in heaven either isn’t concerned or isn’t able to take care of their needs!

Thus jesus’ first point is that to solve our worries about money, we must trust in the god who cares for us. His second point concerns a needed shift of focus on our part:

2. To solve our worries about money, we must seek for god’s kingdom above our own needs (12:29-34).

This section falls into two parts. First jesus tells us what we should not seek (12:29-30); then, he tells us what we should seek (12:31-34).

A. We should stop worrying about our basic needs, because to worry is to mimic the world and god knows that we need these things (12:29-30).

When jesus says not to seek after what you shall eat and drink, he does not mean that we are not to expend any effort or energy in working for a living! Rather, he means, “don’t be all-consumed with these things. Don’t make these things your main aim in life.” he’s talking about where our primary focus should be. He commands us, “do not keep worrying,” using a different word than in verse 22. The word here means to be lifted up and so some take it to mean, “do not be arrogant or haughty,” in the sense of thinking that you can provide these things without god’s help. But the earliest versions of the new testament and the context argue for the meaning, “don’t be lifted up or tossed about, like a ship on the water.” in other words, “don’t be unsettled and insecure; stop worrying about these things, since god will take care of you.”

Jesus says that w hen we’re consumed with making a living, we’re mimicking the world. The world lives in a constant frenzy of activity to get more and more. This should not be our focus.

I recently read that illustrates the world’s ways of seeking after more and more. An american businessman was at the pier of a small coastal mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellow fin tuna. The american complimented the mexican on the quality of his fish and asked how long it took to catch them.

The mexican replied, “only a little while.”

The american then asked why didn’t he stay out longer and catch more fish?

The mexican said that he had enough to support his family’s immediate needs.

The american then asked, “but what do you do with the rest of your time?”

The mexican fisherman said, “I sleep late, fish a little, play with my children, take siesta with my wife, maria, stroll into the village each evening, where I sip wine and play my guitar with my amigos. I have a full and busy life, senor.”

The american scoffed, “I am a harvard MBA and could help you. You should spend more time fishing and with the proceeds buy a bigger boat. With the proceeds from the bigger boat you could buy several boats. Eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to mexico city, then to L.A. And eventually to new york city, where you will run your expanding enterprise.”

The mexican fisherman asked, “but senor, how long will this all take?”

The american replied, “fifteen to twenty years.”

The american laughed and said, “that’s the best part. When the time is right you would announce a stock offer, sell your company stock to the public, and become very rich. You would make millions.”

“millions, senor? Then what?”

The american said, “then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings, where you could sip wine and play your guitar with your amigos.”

Jesus says, “don’t seek for the same things the nations eagerly seek.” there should be a distinct difference between us and the world regarding our pursuit of material gain. While hard work is a christian virtue, anxiety about money is not! To get caught up with the world’s attitudes toward money is to forget that we have a father who knows that we need all these things. So, what should we seek?

B. We should seek god’s kingdom and he will take care of our basic needs (12:31-34).

Jesus gives a command (v. 31a), an assurance (vv. 31a-32), an application (v. 33), and an explanation (v. 34).

 command: seek god’s kingdom (12:31a).

In the sermon on the mount, jesus expressed it, “seek first his kingdom and righteousness” (matt. 6:33). What does it mean in practical terms to seek god’s kingdom? Does it mean that everyone has to become a missionary or full-time christian worker? Obviously, not! God’s kingdom is where he rules. To seek his kingdom means to put god first as lord of everything in our lives and to aim each day at furthering his rule over us and over others. The day is soon coming when jesus will return and rule the nations with a rod of iron. But until then, we are to live under his lordship in every area of our lives. And we are to seek to further his rightful rule over others as they come to faith in christ and then live under his lordship.

In other words, god is not just to be a slice of life on sundays or whenever we find him useful to further our a gendas. Rather, he is to be the center of all we think, say, and do every day. He is lord over every facet of our lives, including our money. We live as his servants or stewards, seeking to glorify him. That’s what it means to seek his kingdom.

 assurance: the father will provide for all our needs if we focus on his kingdom (12:31a-32).

“these things” refers to the things the nations seek, namely, food, clothing, and other material needs. The thought of not seeking after these things, but rather of seeking god’s kingdom, causes some anxiety, even among god’s people. Thus jesus says, “do not be afraid, little flock, for your father has chosen gladly to give you the kingdom.” A little flock sounds pretty vulnerable in the midst of a dog-eat-dog world. But jesus wants us to feel assured that none other than a loving heavenly father is watching out for us if we are committed to seek his kingdom. The full measure of kingdom blessings awaits us in the future, but even in the difficulties of this evil world, we can trust that the father’s abundant mercies are on us because of his gracious choice of us.

 application: give generously and you will have lasting treasure in heaven (12:33).

Jesus does not mean that we must literally sell everything we have and give away the proceeds. The bible implies the right to private ownership of property in the eighth commandment, “you shall not steal.” peter told ananias that his property was his to do with as he saw fit (acts 5:4). Ananias’ sin was not in holding back some of the proceeds, but in lying about giving all when he had not done so. Further, if jesus meant that his followers must sell all their possessions, surely he would have rebuked those who owned homes, lands, etc., but he did not.

Rather, jesus here is saying, “have a loose grip on the things of this world, since they won’t last anyway. Instead, be generous in giving to those in need, and god will reward you with lasting riches in heaven.” the contrast is between storing up temporary treasure for yourself on earth (12:21) instead of laying up eternal treasures in heaven. If you struggle with greed and with living for this life only, give away your stuff. Giving generously frees us from greed and puts our focus on god and eternity. Verse 34 explains:

 explanation: your heart follows your treasure (12:34).

We usually get this backwards: we think that we will put our treasure where our hearts are. But jesus says that if we put our treasure somewhere, our hearts will be there also. Store your treasure in heaven by giving generously to the lord’s kingdom and your heart will be drawn to heaven. Hang on to your earthly possessions greedily and your heart will be on this earth.

I have seen this work with regard to prayer. If I give money to a missionary, it’s easier to pray for him. Why? Because my heart follows my treasure. If my treasure is with a missionary, my heart is there with him, too, and I find it easier to pray for him. So jesus’ point is, if you want your heart in the things of god, put your treasure in the kingdom of god. It’s the only investment in this shaky world with guaranteed safety and a high rate of return.

Conclusion

Underlying the lord’s teaching and central to a biblical concept of money is the principle of stewardship. We do not own what we have; god does! He entrusts a certain amount to each of us to use for his purposes. Some of it he graciously allows us to spend for our needs and for our enjoyment. But our main focus must be, “lord, help me to use what you have given me to further your kingdom.”

Stewardship frees us from worry. Once when I was in the coast guard, we put out a fire on frank sinatra’s yacht. I remember talking to the skipper and being surprised at how nonchalant he was about the great amount of damage done to the boat. He said, “it’s not my boat, it’s mr. Sinatra’s boat.” of course it was also insured. But he was somewhat detached from the loss because he didn’t view the boat as his own. Since then, when my car has gotten dented in a parking lot or when other things beyond my control happen to my money or possessions, I say, “lord, it’s your car, your money, your stuff.” I’m trying to be a good steward, but it doesn’t belong to me.

So jesus is saying, “don’t worry about money. Trust in the god who cares for you and seek his kingdom above your own needs.” the father will be glorified and you will have unfailing treasure in heaven.

Discussion questions

How can a person of little faith become a person of big faith?

How much is enough? Should a christian give away everything beyond a certain ceiling of income?

Should we take jesus’ words in verse 33 literally? If not, why not? What does he mean?

How can a person devote the necessary time to his career and yet seek first god’s kingdom at the same time? Is it wrong for a christian to want to succeed in his career?

Unless otherwise noted, all scripture quotations are from the new american standard bible, updated edition © the lockman foundation

so, let's see, what was the most valuable thing of this article: not enough money means the trader does not have enough money to open a position. To open position, you must make a deposit (provide the reserve funds). At why does mt4 say not enough money