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 cryptocurrency trading. During our hour-long meeting, he checked the Bitcoin price more than ten times.
This situation is probably familiar to almost every newbie on the exchange: after opening a trade, you constantly check how the price has changed.
Gradually, this becomes a habit, and now, even without open positions, the trader checks stock quotes every five minutes.
This habit constantly keeps you tense, you are afraid of missing a good moment to open a new deal, and you become restless.
As we know, stress triggers the onset of many illnesses, so it's best to get rid of the bad habit of monitoring your course of action before it's too late.
Setting goals
First, you need to determine your goal or the information you need. For example, if I'm waiting for Bitcoin to reach $60,000, I need to set up a message to be sent when the price reaches that level.
If desired, you can also set up the receipt of news that concerns only cryptocurrencies, as they are the ones that influence the current exchange rate.
Setting up notifications
To set up signals, you'll first need to install the MetaTrader 5 trading platform. You can download it from one of the brokers using this software https://time-forex.com/reyting-dilingovyh-centrov
Then download and install MetaTrader 5 on your mobile device. This can be done in the App Store for iPhones and in the Play Market for Android devices.
After installation, you will receive a unique MetaQuotes ID, which is located on the “Messages” menu tab. After you go to “Messages,” click on the MQID at the top of the screen and receive your ID
Copy and add the received number to the push notification settings in the desktop trading platform:
Then we set the price level at which the signal will be sent. This is done in the Alerts tab:
A detailed description of how to set up Alerts can be found in the article: https://time-forex.com/sovet/alerty-metatreyder You can also set up multiple alerts at once.
After all these steps, you will receive messages on 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, 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
