Training
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What is a trading plan, why do I need one and how do I make one? A trader's trading plan can be as simple or as complex as you want. Of course, a plan that is too simple is not informative enough to successfully implement key rules and/or strategies during each trading session. Conversely, if the plan is too complicated, it will be difficult for you to stick to it, and you may eventually give up using it altogether. Therefore, you need to think through the best option so that it is not time-consuming, while being detailed enough for self-analysis. The main task of a trading plan is to keep you calm and relaxed during...
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Despite the variety of all possible trading terminals, the MetaTrader 4 platform is still the most popular tool for trading on the foreign exchange market. The interface of the MetaTrader 4 trading platform is intuitive and does not require any special education. Nevertheless, the seemingly simple things sometimes cause questions for beginner traders. To assess your trading account or make a decision to open or close a position, you need to constantly monitor the main indicators of your account. The MetaTrader 4 terminal has five such indicators: Balance, Funds, Collateral or Margin, Free or Free Margin, and Level. These indicators are available in the Terminal tab. Let's take a closer look at what each...
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How to become consistently successful in trading? To answer this question we must first understand what makes millions of traders unsuccessful - what makes them lose money? What prevents them from analyzing the market and placing orders correctly? Why they succumb to fear, gambling and abandon the rules of trading strategy and capital management? In this article you will learn how the science of human brain - neurobiology - explains these processes, what happens on the subconscious level and who intercepts the control of our behavior. What does a trader think? So, let's begin. The first thing worth knowing is "what we think. Where, in our head, does market analysis and decision making take place...
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Articles in the economic media are full of the word "default," and the average reader with no economic education gets the impression that default is at least the local end of the world. And there is a widespread desire to urgently exchange the dollars (euros, Mexican pesos or Mongolian tugriks) stashed away for something that this "terrible default" will not touch. Let's find out what "default" really means. There are no shortage of defaults in the world First of all, we should note that the term "default" (Default) means any refusal to fulfill a debt obligation. In fact, default is the worst kind of bankruptcy. However...
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I recently had a chance to talk to a trader who said he had a goal to increase his trading deposit from 150,000 to 250,000 rubles in about two months. The markets were kind to him, and he reached his goal even a few days earlier than planned. Now he has replenished the deposit, increasing it to 500,000 rubles. Lack of experience - the main problem of beginners His new goal is 1 000 000 rubles by the end of this year. Something tells me that this goal is unlikely to be achieved. The fact is that this guy is a rookie. He got to know the market only a few months ago, and so far...
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The National Bank of the Republic of Belarus (NBRB) is the central bank as well as a state body of the Republic of Belarus. It acts to ensure and develop reliable and efficient functioning of the payment and banking system of Belarus, to ensure and protect the stability of the Belarusian ruble, and acts exclusively in the interests of the country. It is located in Minsk, the capital of the country. History of the NBRB The bank was founded by the Council of People's Commissars in 1922 as the Belarusian Republican Bank. Soon it became subordinated to the State Bank of the USSR. The bank was reorganized in 1959 and 1987, and in its present form it appeared in 1990. Functions of the National Bank of the Republic of Belarus In the process of accomplishing its tasks, the NBRB performs three main...
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In spite of the fact that scalping is one of the most technically and psychologically difficult types of trading, it has long enjoyed well-deserved popularity. Naturally, EA developers have not missed scalping either. Nowadays lots of free and paid scalper robots based on different principles and trading strategies are available to traders. Some advisors trade only at certain hours, some trade all the time. Some EAs work better and some work worse. However, as a rule, a scalping Expert Advisor shows profit for a certain period, after which there is a period of slack and a series of trades with losses. The implementation of scalping strategies in Expert Advisors often reaches the absurdity, which leads to...
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Options are growing in popularity among investors as hedging instruments for various asset classes, such as stocks and currencies. Panic in financial markets forces investors to look for attractive ways to allocate their portfolios and opportunities to earn on downtrends. Therefore, let's talk about options in more detail. Option - is a financial instrument, which gives the holder the right, but not obliged, to buy or sell the underlying asset at a stated price on or before the expiration date. There are 2 main types of options: Put option (put) gives the holder the right to sell the asset. It is purchased when the investor believes that the value of the asset will decrease before the expiration date. A call option...
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One of the key qualities possessed by people who are successful in a wide variety of fields is the ability to take full responsibility for all actions, actions and results, for every step in life. It is well known that only a very small percentage of traders actually become successful. To be among them, you need to work hard - on your discipline and psychology, risk management and trading plan, overcome your fears and greed, learn to manage your emotions. All of this requires an enormous desire, a willingness to keep moving forward after losses, a desire to change your old habits. And this is impossible without learning to take responsibility for the trading process and for...
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In recent years, there are more and more people who want to try their hand as an investor in various financial markets, including the FOREX currency market. But, nevertheless, despite the appearance of new teaching methods, and despite the increase of the professional level of teachers themselves, I cannot help noticing that the most frequent mistakes among the beginners are passed on from year to year. In this article I want to analyze in detail what prevents new traders-investors to become successful at last. And to give some advice based on my life experience. Mistake 1: lack of knowledge So, let's start from the beginning. The first and most important mistake: the lack of the necessary base...
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When thinking about credit agencies, it is customary to speak first and foremost about the "Big Three," which include Standard & Poor's, Moody's, and Fitch Ratings, the best-known and oldest rating agencies. In some ways, their history is similar, but in some ways it is different. And if in the case of Standard & Poor's the beginning of the path was difficult, but nevertheless serene, the same cannot be said about the agency Moody's ... Moody's Rating Agency: the first appearance of Moody's is a rating agency, the full name of which is Moody's Investors Service. It is a subsidiary of Moody's Corruptions. It is engaged in credit ratings, research and risk analysis. It has had two openings, which may well be called...
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In this issue I would like to move away from the work-life advice on how to become richer, more efficient and more fortunate to turn again to the issue of trading. Today I want to share with you my thoughts on the subject of opening accounts by brokers for beginners at . The idea for this article comes from talking about the fact that the Russian regulator considers introducing to the market only professional traders, i.e. those speculators, who have already confirmed their qualification by passing professional exams. Let's think about whether or not a beginner trader really needs such a strong "care". To begin with I suggest thinking about two fundamental questions: "Who is a beginner at?" and "Why does one lose...
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Automated trading using trading experts has long gained wide popularity among traders. However, robots have one peculiarity - for their correct trading it is necessary for the terminal to be running around the clock. Naturally, a constantly turned on computer is, at a minimum, uncomfortable, so VPS servers are used to trade robots around the clock. Almost every broker provides its clients with VPS servers. There are also many third-party hosts with the same offer. The only difference is the required price and quality of the services provided. But I don't think many experienced traders know that you can connect to a VPS server directly from your MetaTrader 4 terminal. Connecting to a VPS Server from the MetaTrader 4 Platform
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In this article we will discuss the work with the mobile terminal MetaTrader 4 and 5. For example, let's take the installation of the application for android, which will be about the same as the first launch of MT4 on iOS on iPhone or iPad. Our life is becoming more and more remote from home computers, so this instruction will help you navigate the trading process on your mobile device. To install the MT4 mobile terminal on your device, you should first of all go to the Play Store and enter "MetaTrader" in the search box. From the list of applications found, select the one signed by MetaQuotes Software Corp. (as a rule, the first one in the list) and go to...
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Every trader knows that the MetaTrader 4 trading platform is periodically updated. Of course, there are positive moments in it, but today let's talk about the disadvantages of such updates. With each new version, MetatTrader 4 becomes heavier and more demanding to computer resources. And if a trader uses the built-in strategy tester for testing indicators and trading Expert Advisors, the "weight" of MT4 can reach 10 GB or more. The high demand for PC resources creates a problem for traders who use VPS servers for testing Expert Advisors, reducing the number of terminals available for installation on a server. All these problems lead to the fact that the trading terminal often hangs and slows down, taking up hard...
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We've been running trader contests on our websites for over 4 years. During this time we have cooperated with different companies, tried many variants of rules and prizes, experimented and searched for the perfect contest for everyone. Being in fact a bridge between a broker and a trader I wondered what was the most successful contest. In order to make the topic more interesting, I asked companies and traders - our regular contest participants - questions about what it should be, how it affects trading on real accounts and whether it is worth participating in contests at all. Let's see what happened. Why brokers do or do not do...
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In the last article we started talking about a coaching session with one of our Trader's Club members. We talked about his desire to travel and the real need for it. To recap the topic of the session: "What are the traders' expectations from trading in the market and what prevents him from succeeding?" Fears from the outside: Testing brokers without interruption It's worth dividing a trader's fears and concerns into two components: external and internal. We will begin with the external ones, namely the desire to shift the responsibility for the losses to others. We're going to have a dialog with the trader. - What prevents you from being successful right now? After all, you have strategies, you've tested them, they bring...
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New Year's holidays are approaching, and most traders are preparing to end the trading year, counting profits and losses. The time of thin market is coming - the time of big profits and lost deposits. What is a thin market? The classic definition of a thin market suggests that it is a market with a small number of participants, low volatility, low trading volumes and, as a rule, wide spreads. In simple words, a thin market is a time when the basic law of supply and demand is almost non-existent in the market. Liquidity is lacking because there are very few buyers and sellers, so any trade with more or less decent volume forces the price to overcome the number of points for which at normal times it was...
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Trading a portfolio of assets on a stock exchange can sometimes be quite a laborious process. It is difficult to assess the profitability of your investment idea. The PCI GeWorko service helps you visually see a graph of your portfolio and trade the spread. In the previous article, we looked at creating a portfolio pair and trading examples. Now we will talk about the technical part of working with PCI GeWorko: how to create portfolio pairs, analyze charts and trade. Creation of a synthetic instrument in GeWorko To create a new GeWorko PCI, right-click in the "Current Quotes" window of the NetTradeX terminal and select "Create PCI GeWorko" in the pop-up menu. In the window that will open you will need to specify the assets to be included...
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Web-version of MetaTrader has been long awaited by traders. The world does not stand still: there are more and more mobile accessories with Internet access, interest in financial investments is growing, traffic jams free up a lot of free time, which you want to occupy with something useful 🙂 Of course, there are mobile applications for MT, but not always there is an opportunity to install them. The web version of the MetaTrader platform allows you to trade through any browser on almost any operating system. Thus, you get independence from the working platform, no need to install additional software, and the convenience of a simplified version of the terminal. Just a couple of clicks and you can start trading! Let's see how it can be done. The first launch...
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