Trade in one click.
One click trading – this function allows you to open and close transactions in literally one click,
saving precious seconds on opening unnecessary windows and clicking confirmations.
One-click trading appeared in the trader's terminal not so long ago, and has become one of the standard functions of MetaTrader 4.
If it is not available in your trading terminal, simply update the platform to a newer version or download a new terminal on your broker's website.
Optimal leverage for a beginner in Forex or the stock exchange
One of the features of Forex trading is the use of leverage; it is this
aspect that allows you to get relatively high profits even with the slightest fluctuations in the exchange rate.
At the moment, most brokers provide leverage in the range from 1:1 to 1:500; there are companies in which the leverage can reach up to 1:3000.
Sometimes this fact attracts a lot of beginners who do not realize the harmfulness of trading with high leverage. The high risks are confirmed by the fact that in the United States it is prohibited to provide leverage of more than 1:50.
Calculation of profits from Forex trading
Many novice traders are interested in the question “How to correctly calculate the profit received,” because money, as we know, loves an account.
The obtained data can be used to analyze trading performance statistics.
When making calculations, you should take into account many different nuances that play an important role, and to get a clean result from the amount received, it is advisable to subtract all the overhead costs that are present in your work.
To carry out calculations, you should use data such as the total amount of deposited funds, profit on successful transactions and losses received from trading, as well as interest accrued on free funds in the trader’s account.
For greater objectivity, you should also not forget about additional expenses that will be mandatory - payment for the Internet, virtual server, purchase of advisors or auxiliary scripts.
How to work in MetaTrader 4.
One of the main tasks of a trader is to choose a trading terminal, the most popular option is metatrader 4,
this particular trading platform allows you not just to trade, but to make trading professional.
From newcomers to Forex, you often hear the question - How to work in metatrader 4, the simplest option is to download the instructions for metatrader 4 .
It describes in detail and step by step all the necessary points, from the terminal design to working with advisors and indicators. But if you are tired of lengthy reading, I will try to describe the most important aspects in a few words.
You can download the trading terminal itself at the end of this article, this will allow you to test its capabilities without registering with a broker.
A new Demo account is opened on the account tab; this point is described in more detail in the instructions for the program.
Trend strength.
When trading Forex, you often hear the following phrase: “The trend has weakened, the probability of a reversal has increased,” and it becomes clear what this is for.
To make money, you should open trades only when there is a strong trend.
The strength of the trend in Forex is the dynamics with which the price of a currency pair moves in combination with its liquidity and the volume of all transactions performed.
It is these indicators that should be analyzed to determine the sustainability of the existing trend and the likelihood of its change.
If you trade on the interbank exchange, then all the necessary indicators for trend analysis are publicly available; with Forex it is becoming more and more difficult, you will have to make some effort to obtain information.
Working on a demo account.
One of the main components of learning to trade is working on a demo account; without this stage, it is
not advisable to start real trading, as this is fraught with a rapid loss of existing capital.
Working on a demo account allows you to solve the following problems: study the capabilities of a trader’s trading terminal, learn how to open trades and manage open positions, test new strategies and check the operation of indicators and advisors.
A demo account is a free testing ground where you can test any of your assumptions and guesses, and do this in conditions as close as possible to real trading.
Stop orders.
The main point when trading on any of the exchanges is capital management and
risk insurance for already open positions; in the latter case, it is customary to use so-called stop orders.
A stop order is an order that allows you to force a position to be closed, which is triggered when pre-specified parameters are reached.
Such parameters may include the price indicator of the asset used for trading or time (duration of the transaction). There are several types of such orders, each of which is designed to perform its own functions.
Testing of advisors.
Many novice traders are attracted by automatic trading on Forex; it would seem that nothing is simpler, download the advisor you like and trade to your health. But in order to be confident of success and not be afraid for your deposit, you need to test the selected advisors.
Testing of advisors can be carried out in three options, each of which has its own strengths and weaknesses.
Forex money management.
In trading, there are only a few important points that regulate the entire process of trading on the stock exchange.
One of these moments is money management.
Money management in Forex is a competent approach to the distribution of funds and timely implementation of measures to preserve them. In finance, most money management recommendations relate to long-term trading, but with the right approach they can also be applied to intraday trading .
Any money management strategy is purely individual; when creating it, you should take into account both the amount of funds at the trader’s disposal and the specific situation on the Forex market.
But with all this, you can create two universal options, the first of which will be designed for traders with a modest deposit of up to $500, and the second for wealthier investors.
The best trader terminal
Forex trading involves the use of special software;
the comfort of the trader’s work will depend on its choice, which is why it is so important to choose the right trader’s terminal.
In this case, you should be guided by the following principle - the trading platform must work stably and be fully compatible with all possible Forex tools (automated advisors and technical analysis indicators ).
The Trader's Terminal is not just a program for issuing orders to open positions; it can also be used to carry out a lot of other actions:
- conduct technical analysis,
- organize automatic trading,
- promptly receive news,
- test different strategies,
- write additional scripts yourself.
In this article we will look at what trading platforms there are, their advantages and disadvantages, as well as some practical points important when making a choice.
Long and short position in forex
You can trade currencies in two directions, opening purchase or sale transactions, depending on the existing situation on the market and the direction of the forex trend.
Depending on the direction in which a new position is opened, it has its own name.
A long position is a transaction to buy a currency, carried out by pressing the buy key in the window for opening a new order.
In this case, the base currency of the currency pair is purchased for the quoted currency at the price indicated in the Forex quote.
This operation is the easiest for a trader to understand; after its implementation, profit is made if the price of a currency pair rises.
Forex technical risks
In addition to the well-known risk of exchange rate changes, there are also a number of other dangers in Forex, the occurrence of
which creates the possibility of completely losing your deposit.
Moreover, if exchange rate risk is taken into account first of all, then other options for troubles are not always taken into account by novice traders.
Technical risks in Forex arise for a number of reasons beyond the trader’s control, and to prevent them, a number of preliminary actions must be taken in advance.
By spending just a few minutes, you will save your deposit from being completely drained.
These could be either equipment malfunctions on the trader’s side or problems arising in the work of a broker providing Forex trading services.
Basic settings of Forex advisors
Such a concept as automatic trading has long been present in the everyday life of traders; to implement it, you do not need to
conduct a detailed analysis of the market, but simply install a suitable Forex advisor.
True, in order for the program to work correctly, you must first install the advisor itself and study its settings.
The result of automatic trading will depend on the last step; an incorrectly configured robot can easily drain your deposit in just a couple of trades, so you should take it as seriously as possible.
Advisor settings have a number of standard parameters, which are set according to general principles.
Before proceeding to the launch and settings, you should first install the program itself in the trader's terminal; to do this, you just need to copy the downloaded script to the folder where the trader's terminal was installed.
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