Tag Archives: Tutorial

Forex Trading Tutorial – Assists You to Make Accurate Trading Decisions

Stock trading is most profitable market for the investor. Some people have to face huge looses, which is too hard to recover, and some become millionaires. These pitfalls really hamper the way of your success. However, the deliberated strategies would surely help you to gain from stock markets. To succeed in the stock world, long term strategies are required. That means you must have your own wisely decided entry and exit strategies for trading. Apart from these, the great output requires the high risk, so for getting a boom in the corporate world, you require to free yourself from the clutches of emotions.

The emerging online trading has attracted a huge number of people, as it saves time, energy. Some people are very new in stock trading and some are masters, therefore the lack of time and concentration requires the need of stock brokers who are well experienced. Simultaneously, one should be beware of the scams too, as in markets it’s too common with statements such as you can become a millionaire in one day or may be double your money.

It’s well said that dependency can never give you the desirable success. Stock trading is a business. So, it’s better to learn the strategies of stock trading. As you develop more understanding and skills, you would earn more and more from the market. It is not an inborn quality rather it has to be practiced. Nowadays, effective online trading tutorials are available which provide you unique and comprehensive knowledge of forex trading systems. The professional provides you precise knowledge of trading by simple guiding steps. The proper implementation and full on following, offers you excellent trading opportunities. The Market can go up or down, so the determination of the market direction is the first requirement of stock trading. The entry strategies provide you the first set of rules, so that a trader can identify the clear entry point.

The defined exit strategies grant you minimum gain, instead of complete move from the market. These training institutes provide you inclusive knowledge of stock trading. So that, instead of going to the pinnacle or bottom, you would be able to gain a constant equilibrium of nonstop success without any risk. The institute also provides the full on knowledge about currency trading. It helps you to begin your career in stock trading. The foreign exchange means the buying and selling of currencies. In this processing, the trader either buys something, which is about to increase in value and later, sells it at higher prices to earn profit. The other way is to sell the product at higher prices, and later buy it at lower prices. These two currencies are referred as currency pair.

Metatrader Tutorial: How to Use Forex Robots

If you have recently purchased or are planning to purchase a forex robot (also known as an Expert Advisor), then this could well be the smartest step you would be taking to maximize your wealth. However, the basic problem that many individuals face is due to the fact that they are not technically well-versed with the technology that runs behind this tool. And this is why I present to you a Metatrader tutorial that can give you a better insight into the same. Once you have procured the forex robot, your next step should be to find a broker who supports Metatrader 4.

This can be done very conveniently via the popular search engines (Google, Bing, Yahoo), and once you have the broker’s Metatrader 4 platform installed on your system, find the .ex4 file that was given to you when you purchased the forex robot. The best thing to do now would be to save this on your desktop, since that is always a more convenient option. However, don’t try to open the same since you would always get an error message. Next step in this Metatrader tutorial would be to go to the experts folder for the broker’s account on your Metatrader 4. For this, you need to double click on the ‘My Computer’ icon, and then again double click on the C:/ button. Double click on ‘Program Files’ and navigate to the Metatrader 4 broker’s account. Double click here once more, and open the experts folder by double clicking on it. Once this is done, you need to drag and drop the .ex4 file here. Then, close all the running applications and start the Metatrader 4, and you will see the forex robot in the experts tab, ready for use. So that’s it! A step by step Metatrader tutorial for you to install and use a forex robot on your Metatrader 4 platform.

Forex Trading Mt4 – A MetaTrader Tutorial For Back-Testing Forex Trading Systems

Forex Trading Mt4

MetaTrader 4 is one of the leading Internet forex trading platforms currently available for the individual trader. This article is designed as a tutorial in using the MetaTrader 4 software to back-test an expert advisor or a personal trade plan.

Your first step will be to get the expert advisor software or your personal trade plan loaded into the MetaTrader 4 system. You can consult your expert advisor’s instructions and tutorial on how to do this. Once you have loaded the expert advisor, you then go to the “View” pull down menu at the top of the MetaTrader 4 console. Then click on “Strategy Tester” or hit “Ctrl R” on the keyboard.

After clicking Strategy Tester, a window will appear at the bottom of the MetaTrader 4 console. This is where you will set up your expert advisor. Note that you will need to input your trading parameters into the MetaTrader 4 system before you can back-test your own personal trade plan or strategy. Only expert advisors and trading plans that have been compiled and placed in the /EXPERTS subfolder of your MT4 directory can be tested. Forex Trading Mt4

If you have correctly installed your expert advisor, and/or correctly input your personal parameters for your personal trade plan, you must then select the expert in the “Tester-Expert Advisor” field. At this point, continue by taking the following steps in the “Settings” tab of the “Tester” window where you will:
1. Select the expert advisor and set up its inputs.
2. Select a symbol and period.
3. Select from among the three modeling methods.
4. Set the time range you will want to test, if different from the default. Forex Trading Mt4

Forex Tutorial Currency Trading Summary – Forex Tutorial and Guide For Beginners

Forex Tutorial Currency Trading Summary

In 2003 when I started trading Forex, I was naive, inexperienced and totally gullible to the directions of the self acclaimed Forex experts. Just like everybody who was new to the market, I was told that I had to Open a new forex account with any ‘good’ Forex broker, do demo Forex trading for at least three to six months before trading with live money. I was also advised that in order to be in a safer position, I should probably consider hiring the expert services of Forex professionals who would do the job of trading for a percentage of the accrued profit while all I scoop the rest to my bank account! These advices all sounded promising and simple as ABC. I guess I made the mistake of not wondering why there aren’t much Forex millionaires around if indeed making money via Forex trading was that simple.

About four months later I decided I was going to trade live soon but the fear of losing made me hire the services of two separate experienced Forex traders to at least take care of my initial capital while I do same later. For the next six weeks I kept seeing certain fluctuations in my Forex account with my capital going up and going down at irregular intervals, of course my ‘experienced traders’ provided ‘expert’ excuses for the instability, blaming certain market forces and of course promising me that all was well and that there was no cause for alarm as they have always weathered every market storm. This trend continued until I lost my capital almost a year later. These guys were discovered to have several other Forex accounts they manage, this means that they can never really give each of the Forex accounts under their purview the proper attention they deserve during Forex trades. Forex Tutorial Currency Trading Summary

Experience they say is the best teacher. I also consented to the use of Forex Robots but the results over time were equally not acceptably overwhelming. At the end, I had spent over eighteen months trying to figure out exactly what works and what doesn’t. This is a process I wouldn’t advise anyone to go through especially when one doesn’t have much capital to carry out such expensive experiments. I finally summoned the courage and decided to trade Forex on my own, and not until after I took this bold step did I learn a lot about making a decent living trading Forex on a full time scale. Forex Tutorial Currency Trading Summary

Online Forex Trading Tutorial – Easier Method to Learn Forex Trading

Online Forex Trading Tutorial

If you’re a person who have difficulties in learning by reading a bunch of theories, step by step guidance may be the one that you need. In other words, you’ll learn better with a good forex trading tutorial that split the lessons in a few steps and make you do the steps yourself so it can be easier to understand.

Nevertheless, if you’re not familiar with forex trading at all, you still have to start with theories such as definition of leverage, pips, currency pair, etc. But since the motto of a good forex trading tutorial is “make the student do it”, here’s what you should do:

1. Open a demo account in an online forex broker that uses MetaTrader4 trading platform. Here are some suggestions: AvaFX, TadawulFX, and FXCM. Note that AvaFX and FXCM offer two types of trading platform, so make sure you choose MetaTrader4 (also known as MT4). Online Forex Trading Tutorial

2. After you install the platform, log in and check the platform interface. With the trading platform before you, it’ll be easier to explain something and you can test it right away.

By default, the top left area is the currency pair column. The “symbol” column consist of currency pairs such as USDCHF (US Dollar and Swiss Franc), GBPUSD (British Pound Sterling and US Dollar), EURUSD (Euro and US Dollar), and so on.

The next column is “bid” (also known as “sell”) column; it represents how much you will get for selling the first currency. Example: sell EURUSD at bid rate 1.362 means you spend EUR 1 to gain USD 1.362.

The “ask” (also known as “buy”) column represents how much you must spend the second currency to gain the first currency. Example: buy EURUSD at ask rate 1.378 means you spend USD 1.378 to gain EUR 1. Online Forex Trading Tutorial

Now right click on one of the currency pair and click “new order”. A new order window will pop out and you’ll see two big “sell” and “buy” button. Try to click one of them and you’ll get a confirmation message that you have executed the order successfully. You can check your trade information at the “trade” tab at the bottom of your MT4 platform.

A forex trading tutorial that makes the student always actively participate in the lesson can make it easier for a new trader to understand how forex trading works. If you can understand your trading platform interface and their uses at the end of the tutorial, you have mastered the basis of forex trading. Online Forex Trading Tutorial