How to add a new asset to the trader's terminal.
The trader terminal allows you to trade not only currencies, but also many other assets - oil, gas, cryptocurrencies , gold, copper, enterprise shares and indices.
But sometimes traders, trying to add chart windows for the selected asset, simply do not find it in the “Symbols” window, although the broker has information on the website that they can trade this asset.
Why does the broker's specification indicate a currency pair or index, but it is not present in the terminal?
In fact, everything is not entirely true, it’s just that by default only the most popular assets are added to “Symbols” and often you won’t find cryptocurrencies or some indices there.
Methods for taking profits in Forex
Many traders sin on entry points, because they are confident that their profitability directly depends on entering the market. However, in practice, often the inability to correctly record profits leads to a decrease in the balance.
The fact is that most traders, even if they do not admit it, have an inferiority complex in terms of taking profits.
Unfortunately, this complex appears almost at the very first stages of a trader’s development, so even pros may not suspect the reason for their losses.
Each of you who is actively trading has more than once noticed a situation where a multi-day profitable position along a trend becomes negative in one second after the publication of some news and causes damage to your balance.
If you are affected by this situation for the first time, you are a lucky person, but when a trader, to put it mildly, is repeatedly taken out of a profitable position by the footsteps, fear and fear of losing profits appears.
Should I choose bonus or leverage?
Currently, it is difficult to find a broker that does not offer a bonus when replenishing an account; the range of offers is quite wide
and ranges from 10 to 100 percent.
That is, according to the terms of the promotion, if you top up your account with $500, you will receive up to another $500 as a gift. Are bonuses so important and necessary when replenishing an account , why are they better than regular leverage and is it worth contacting them?
First of all, let’s try to figure out what gives you a bonus in Forex trading.
1. Less risk?
Analysis is not to blame
In recent years, Forex trading has become much simpler from the technical side, but this has not made making money on the foreign exchange market simpler.
Most traders, having received theoretical knowledge and started trading, are disappointed with the financial result, which is very different from what was expected.
Almost every beginner cannot come to terms with the fact that the number of unsuccessful trades is less than the number of profitable ones.
And the fact that the deposit is melting before our eyes also becomes an unpleasant surprise. This is where accusations against analysis come into force, some blame the imperfections of technical analysis for their mistakes, others talk about the uselessness of fundamental analysis.
The trader finds himself in a psychological dead end, experiences depression, it seems to him that everyone here is making money except him and the stock exchange is not his occupation.
How to become a Forex broker.
Many traders who understand how difficult it is to trade on the stock exchange come up with the idea of becoming a broker, because unlike trading,
the risk is minimal and the earnings are more stable.
How much do such companies earn? You can calculate the approximate profit using a simple example - a client opens only 20 transactions per month, each with a volume of 1 lot, the spread is 1 point per lot or 10 dollars.
It is not difficult to calculate that the profit for the month is $200. It’s easy to imagine how much 100 clients will bring. Moreover, regardless of the financial result of transactions, the main thing is that the trader opens transactions more often and in as large a volume as possible, hence the leverage of 1:1000 or even 1:2000.
Why Forex strategies don't work.
It would seem that trading on Forex is as simple as possible - you studied the work in the trader’s trading terminal, chose the appropriate
strategy and just open trades, and the profit itself will flow into your account.
But while knowledge of a trader’s terminal is usually easy, a lot of questions arise when using strategies, most of them simply refuse to bring profit, although the trader thoroughly follows all the recommendations given.
Why don't Forex strategies work anymore?
Let's try to figure out a similar question below. 1. Trading tool - most strategies are written for a specific currency pair, but not all traders pay attention to this.
Forex pros and cons.
The prospects for quick and easy money attract people of any age; one of these categories includes
trading on the Forex currency market.
What lies behind the apparent simplicity of trading and how realistic is the earnings in this field of activity?
First of all, a beginner is concerned with the question: Is Forex not another pyramid scheme for pumping money out of the population and how realistic is it for a novice trader to make money there? 1. Forex is not a pyramid - firstly, it should be noted that the exchange itself has existed for about 50 years, trading on it is carried out not only by domestic dealing centers , but also by large banks in countries such as Switzerland, Germany, Austria, etc. The only difference is the requirements for the client’s initial deposit; if in our Dealing Centers you can start trading with literally a couple of dollars, then European banks prefer large clients with deposits of 10,000 dollars or more.
The effectiveness of the strategy tester.
Having purchased or downloaded an advisor for automatic trading for free, you immediately want to check its performance and find out whether the robot can really bring profit without the participation of a trader.
Testing on a real account is quite risky, so it is recommended to use a strategy tester for these purposes.
You can launch it in the trader’s terminal by simply clicking the “View” button in the top menu - Strategy Tester.
Specialty trader.
After the release of several American films telling about the work of a trader, the number of people wishing to master
this profession has increased significantly.
True, not everyone knows that there are several options for this profession. The majority of people are attracted by high earnings; a trader is one of the few professions where you can earn money without having initial capital.
The most valuable skill is considered to be trading on the stock exchange. How to become a trader - there are several answers to this question; which option is right for you will depend on your age, financial situation and individual qualities, as well as the goals that you set for yourself.
What does profitable trading depend on?
Many beginners wonder why, despite all their efforts, they cannot succeed in stock trading.
What does profitable trading depend on, why does someone make millions on the stock exchange, and someone loses it there, what basic conditions must be met to make a profit?
Let's move on to an overview of the reasons that are the basis for profitable trading on the Forex exchange:
When does a trader start making money?
Most people are accustomed to the fact that income comes immediately, for example, worked for a month - received a salary, sold goods - received
money, that is, the interval between the start of work and the financial result should not exceed a month.
If you decide to become a trader, you will have to change your attitude towards work and earnings. A newbie on the stock exchange can only earn money by accident, his earnings are more like winning the lottery, yes it happens, but very rarely.
When will a novice trader start making money?
What to do if a flat comes to the market?
Many traders wonder whether it is possible to trade during a flat, or whether it is better to postpone trading until it is over.
There are quite a few answers to this question, so each trader will be able to choose the most correct solution for himself.
And so, a flat is practically the absence of vertical price movement; for a long time the rate remains almost unchanged; how can you make money at such moments?
Forex trading using bonuses.
Competition among Forex dealing centers is growing every day; the fierce struggle for clients is forcing companies to come up with
more and more new marketing tactics and carry out various promotions.
One of these PR moves is the provision of bonuses when replenishing an account; in some DCs the percentage of incentives reaches 70%, which cannot but raise questions and doubts.
But in order to check the validity of providing large bonuses, you should first find out how much brokerage companies earn on Forex .
Why such big bonuses?
Ruble account on Forex.
Many traders, after starting Forex trading, have a question: in which currency is it better to open an account?
Most brokers usually offer three options to choose from - dollars, euros or rubles; you can only choose the right one on an individual basis.
Depending on how you fund your account and which instruments you use in trading.
Otherwise, you will face additional costs when exchanging currency or simply inconvenience in trading, and that is why it is so important to choose the correct account currency for yourself. And internal exchange on the broker’s website always occurs at a rather unfavorable rate.
Forex trading addiction.
Some traders are wondering - if Forex is a game, is there an addiction and craving for stock trading?
Fear of addiction is sometimes the basis for refusing to try to make money on the stock exchange, because the resulting addiction can cause a significant hole in the budget.
To find out the answer to this question, you must first compare what motivates a trader and a casino player, how similar these two activities are, and also study the facts and statistics on stock trading.
Loan to work on Forex?
Most beginners believe that to make money on Forex you need a lot of money, and the more, the better.
Surprisingly, they are absolutely right on this issue.
The main reason for the high risk of trading on the stock exchange is leverage, which is used to increase transaction volumes.
This approach significantly weakens the position, making it unstable to the slightest exchange rate fluctuations. That is, the greater the trader’s net worth, the less leverage he can use, the lower the risk of losing everything as a result of one unsuccessful transaction.
Types of spreads on Forex.
Currently, most brokers offer their clients several spread options, depending on the account type they choose.
Which option is more profitable and suitable for a particular strategy?
The choice is not so great, usually cent accounts offer a fixed spread, standard and ECN accounts offer a floating spread, sometimes there is simply a commission on the lot or trading volume.
Fixed spread - there seemed to be nothing better than a fixed spread, you always trade with one commission and there is no need to constantly monitor changes in the spread.
Is it possible to lose the broker's money on Forex?
A feature of Forex trading is the use of borrowed money, the so-called leverage
.
Which allows you to increase the available funds tens, and if necessary, hundreds of times. The loan is provided by a broker who organizes the dealing process, simply by transmitting your orders to buy or sell to the foreign exchange market.
Is it possible to lose the broker's money on Forex? And after this, won’t you have to pay for the loan with your hard-earned money?
The best free VPS for Forex, stable work of advisors
VPS – virtual, dedicated server.
In fact, you have at your disposal a part of a remote computer that works around the clock and is connected to the Internet. You can install any programs on this computer, including the trader’s terminal, and the server is managed via remote access.
So why does a trader need a VPS server for Forex, and why this one, because there are more attractive options.
First of all, a VPS for Forex allows you to keep your trader terminal always on and provides access to managing transactions anywhere and at any time.
That is, you can trade at work or even in an Internet cafe without installing your trading platform on someone else’s computer.
You can get a virtual server completely free of charge, at the bottom of the article I will tell you how to do this
Forex without investment.
Many beginners are primarily interested in the question – Is Forex possible without investments?
That is, is there an opportunity to make money on the foreign exchange market without having decent capital?
Forex without investments is possible - if you do not consider your time and efforts spent on learning the basics of trading as a contribution.
There are many options for how you can get quite a significant profit without investing large sums, each of them requires certain skills or just luck.
Is it difficult to trade Forex.
For many Internet users, financial exchanges are a collection of incomprehensible terms
that will take more than one year to understand.
It is for this reason that there is an opinion that trading Forex is quite difficult and is usually done by people who graduated from Harvard or Princeton. But if you remember the famous story of the turtles, when one of the famous financial magnates made traders out of people with a specialty completely different from stock trading.
These people were a security guard, a school graduate, a clerk, a card player, a designer and an accountant. This fact confirms the saying that anyone can become a trader.
Common misconceptions about forex trading.
There are a lot of misconceptions on the Internet about what the Forex exchange is and how
to trade on it.
Sometimes it is these misconceptions that become the reason for refusing to trade, and sometimes, on the contrary, the reason for the loss of equity capital.
Therefore, it is so important to realize which of the common judgments is true, and which are simply speculations of ordinary people and bankrupt traders.
What to choose for training – demo or cent account?
In order to test a new strategy or simply study the technical aspects of trading, there is no
need to immediately risk large sums, it is advisable to use a cent or demo account for these purposes.
Each of these accounts has its own advantages and disadvantages, and is designed to perform its own tasks, which is why it is so important to use each of the options for its intended purpose.
A demo account is used solely for practicing technical trading skills in a trader’s terminal; you should not expect that thanks to it you will learn how to trade on a real exchange.
What to trade on Forex?
Choosing the right trading option, and with it the trading tool, is already half the battle; then
everything will depend on luck and your abilities.
Some traders don’t even realize how using the right trading tools can improve trading efficiency, especially for beginners in Forex.
At the moment, any of the Forex dealing centers offers not only trading in currency pairs, but also many other, no less interesting options.
Review of tools for online trading.
Who makes the most money in Forex?
Interest in other people's earnings is inherent in any person; you always want to compare your achievements with
your competitors and evaluate growth prospects.
Therefore, it will be interesting for every trader to find out who earns the most by trading Forex, and we are not talking about record holders of exchange trading, but about the most profitable trading options.
After all, if you look up to someone, you should know how he managed to achieve his success. It’s always easier not to invent a bicycle, but to repeat step by step a path that has already been taken by someone.
Binary options trading – features, advantages and disadvantages.
Many novice traders give up trading forex due to their inability to understand all the intricacies
of technical and fundamental analysis.
It seems to a beginner that it is simply not realistic to make a forecast of the future exchange rate, taking into account corrections or possible trend reversals. But trading on the stock exchange has many options, and some of them allow you to trade quite successfully even without special knowledge - this is binary options trading.
Binary options trading is a simplified type of trading, which takes into account only the final result of a transaction for a certain time. That is, now you don’t need to be afraid that the next rollback will force the stop loss to trigger.
Forex work schedule for the new year 2014.
New Year in Forex is also a time of big holidays, although this does not mean that at this time the
work of the currency exchange will completely stop and trading will not take place, there will simply be changes in the work of most dealing centers.
The Forex work schedule for the new year 2014 is presented as follows: the weekend will begin on December 28, since this date falls on a Saturday, so it is advisable for traders to close all existing transactions on the evening of Friday, December 27.
On Monday, December 30, the market will start working again and will continue its work on December 31, January 1, 2014 is a day off for Forex.
Forex trading conditions.
the trading conditions of Forex brokers also play an important role in the increase
Trading conditions are a set of all types of commissions that a broker charges when conducting dealing; this also includes other important operating parameters.
When choosing a brokerage company, it is especially important that it matches your trading strategy; only in this case will trading be as comfortable as possible.
Is it worth using analytical data in Forex?
Each of the newcomers who come to Forex, as a rule, repeats the standard path
traveled by thousands of traders.
First there are attempts to simply guess the trend, then the transition to automatic trading, then the use of forecasts from analytical agencies or individual analysts.
How realistic is it to make a profit by trading Forex and using other people's analytical data?
Oddly enough, it is quite realistic, the only peculiarity is that it is best to trade using analytics on medium time frames, such as M30, H1. Longer-term forecasts rarely come true, and when trading with scalping, you simply will not have time to fully use analytical information.
What a trader should not do.
It is always easier to prevent any mistake than to correct the consequences later; this principle is especially clear
when trading on Forex.
Here everything is much more serious, because it is not possible to return the lost money, no one will reimburse you for your capital, despite requests and assurances about the incorrect operation of the terminal, broker, or Internet connection.
Therefore, if you decide to choose the profession of a trader, you should know a few things that you should not do when trading Forex:
Forex account bonus
Sometimes when choosing a Forex broker, the amount of bonuses on your Forex account plays a decisive role, because
such an advantage allows you to increase the initial deposit by 10-70 percent.
A Forex account bonus allows you to increase your deposit without using leverage, thereby significantly reducing your risk.
There are many opponents and supporters of such bonuses; there is nothing wrong with receiving them, the main thing is to always comply with the broker’s terms and conditions when receiving them.
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