A mobile terminal including a wireless communication unit configured to wirelessly communicate with at least one other terminal; an input unit configured to enter an application indicator edit mode for editing application indicators providing information on corresponding applications; a display configured to display a first display region including a plurality of settable application indicators and a second display region including a guide screen indicating at least one of a display location and a display size of the settable application indicators on the guide screen when entering the edit mode; and a controller configured to receive a selection signal indicating a selection of a specific application indicator among the plurality of settable application indicators included in the first display region, and to determine whether the specific application indicator can be set on the guide screen included in the second display region.