How to get distracted and not check the stock exchange rate every five minutes
Not long ago I met with a novice trader who was interested in trading cryptocurrency; during the hour of our meeting, he checked the Bitcoin rate more than ten times.
Perhaps this situation is familiar to almost every newcomer to the stock exchange, when after an open transaction you constantly check how the price has changed.
Gradually, this becomes a habit and now, even in the absence of open positions, the trader looks at stock quotes every five minutes.
This habit constantly keeps you on edge, you are afraid of missing a good moment to open a new deal, and you become restless.
And as you know, a stressful state provokes the onset of many diseases, so before it’s too late, it’s better to get rid of the bad habit of course control.
Setting goals
From the beginning you should establish what goal you are pursuing or what information you need. For example, I’m waiting for Bitcoin to rise in price to $60,000, which means I need to set up sending a message when the price reaches this level.
If you wish, you can also set up to receive news that relates exclusively to cryptocurrencies, since they are the ones that affect the existing exchange rate.
Setting up an alert
First of all, to set up signals, you will need to install the metatrader 5 trading platform; you can download it from one of the brokers - https://time-forex.com/reyting-dilingovyh-centrov that use this software.
Then download and install metatrader 5 on your mobile device, this can be done for iPhones in the App Store, and for Android devices in the Play Market.
After installation, you will receive a unique MetaQuotes ID which is located on the “Messages” menu tab, after you go to “Messages” click on MQID at the top of the screen and get your ID
We copy and add the received number to the push notification settings in the stationary trading platform:
Then we set the price level upon reaching which a signal will be sent, this is done on the Alerts tab:
You will find a detailed description of setting up Alerts in the article - https://time-forex.com/sovet/alerty-metatreyder . In this case, you can set up several signals at once.
After all these steps, messages will be sent to your mobile phone as soon as the price of the selected currency or cryptocurrency reaches the specified level.
As a result, by spending just an hour of time, you get the opportunity to constantly monitor the exchange rate without checking current quotes.
It is also possible to receive SMS messages; the setup process is described in the article - https://time-forex.com/sovet/sms-metatreyder