Currency market
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In this and the next article we will talk about the coaching session with one of the members of the Traders Club. The topic of the session was "What are traders' expectations from trading on the market, and what prevents traders from succeeding". It consisted of four parts: What goals do you set for yourself in life? Why and what are your expectations from trading in the market? What prevents you from moving forward - what fears and concerns? What do you need to do to reach your goals? These seemingly simple questions, but the problems are already evident at the very beginning. Setting a goal for the trader - half of the success In this case, the main desire of the participant of the session (let's call...
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Having "suffered" from free -advisors and technical indicators promising a profit of hundreds and thousands of dollars by the next Monday, the beginning trader usually returns to the sinful earth and understands that technical tools are just helpers which make trading on the currency market easier and more comfortable. We have already mentioned a lot of them without mentioning only the scripts widely used by experienced traders and undeservedly neglected by the majority of novice traders. What is a script and how does it differ from an Expert Advisor? A script is a program (a utility) written in the MQL programming language whose function is the execution of a certain action once. A script can perform an informational, analytical or trading operation. For example, providing information...
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Having completed the training, a beginning trader sets out on his own "voyage" through the currency market. A beginner learns how to plot trends, add technical indicators, open and close positions. What else does a trader need to trade? One day the trader understands that the MetaTrader 4 platform contains not only the Moving Average, MACD and RSI indicators that he was told about during his studies, but also a lot of technical indicators in the terminal. After visiting the forum the beginner gets even more shocked - it turns out that there are various modifications of these indicators, as well as custom indicators. So, what to do? How to choose and customize an indicator correctly? Indicators -Grail...
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Oil is not only one of the most important components of the global energy system and economy, but also one of the most popular stock exchange instruments. The volatile reaction of "black gold" quotations to world events makes oil trading not only profitable but also very entertaining. There are several ways to trade oil on the exchange: by means of futures contracts, which are made on the commodities exchange; by means of contracts, which are made on the over-the-counter market; by means of long-term contracts, which are made by the oil producers and consumers. The largest volumes of oil are traded on two exchanges: the New York Mercantile Exchange NYMEX; the London InterContinental Exchange ICE. In smaller volumes, oil is also...
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Surely there is no one who, one way or another, has not heard about the foreign exchange market. Somebody has seen advertisements about fabulous profits, which can be received practically by doing nothing, somebody tells horror stories about how it is a scam and a swindle, and somebody is sure that trading is available only for very rich people and common people have nothing to do there. And only traders know that trading is hard work, a trader is a profession, and sometimes the money earned on the currency market is not easy. And if you are attracted by the opportunities of earnings in the financial markets, it is high time to become a trader! So, how to become a trader...
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Any novice trader eventually discovers automated trading, and the resources are overflowing with free and paid trading Expert Advisors that you want to try and test or even start trading with them. So in this article we are going to talk about how to install a robot on your MT4 trading account. After reading (or sometimes simply missing) the description of an EA, a novice trader downloads it, installs it in the terminal, attaches it to his trading account and... sees no changes. Doesn't work robot? Maybe. Or maybe the trader just installed it incorrectly, depriving himself of the opportunity to evaluate a promising and profitable Expert Advisor. That's why let's look at the step by step instruction on how to install an Expert Advisor in...
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One of the most difficult things for beginner traders to understand is a different format of earning money, an unstable profit. At , as in business, the money does not come in the form of a salary - every month, the same amount. Here profits alternate with a bad month, and one must get used to it. However, many beginners have these thoughts: "Ah, I earned only 10$ on this strategy, so I won't buy a BMW X6". Or vice versa: "Wow, I have made 130$ in one trade, if I trade a couple of times now, I can quit my job this month". You can lose your whole deposit in such a wave mentality. How ...
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Candlestick analysis of the currency market has been popular for over 200 years. Invented by the Japanese, it confirms its effectiveness today and therefore is in demand by traders. Candlestick patterns are a combination of market bars from 1 to 5, which predict further market movement. How to trade using candlestick analysis? When trading using candlestick patterns, known as candlestick analysis, you don't need anything but a streaming chart. The market indicators are the bars and their formations. This is especially useful for long term trading on higher timeframes when it is necessary to look into the terminal only once a day. Using the candlestick analysis in trading is quite simple - you just need to know...
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They say that all analysts' forecasts come true, only analysts do not always guess at the time of their realization. Nevertheless, in the flow of stock information it is hard to avoid the influence of analysts on one's account, especially for a beginning trader. As someone who has been in the "skin" of a beginner trader, and a public analyst, let me give you some advice to protect you from the bad influence of other people's forecasts. You don't need recommendations! Of course, the easiest thing to do is to read the analytics exactly as long as they start recommending us something. That is, you have received a competent assessment of this or that event in the life of the company whose shares are interesting, but further to the entreaties to buy or sell...
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We begin a series of articles on the psychology of trading in the foreign exchange market, as this topic and area has been gaining momentum lately, especially in connection with the adoption of the "Law on e" in Russia. People come to trading to earn money but not all of them succeed. According to the statistics 95% traders lose deposits and only 5% make money. So why do people still rush here? Why do they do these strategies? Why are they pushing Buy and Sell? Why do they do what they do? Today we'll deal with the main question: what prevents a Trader from starting to make a profit from day one? The answer is simple: for the most part, everyone who comes into the trading world "bites"...
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The financial markets of the world are diverse and multifaceted. And if to trade in the stock market, to predict the rate of shares, sometimes it may be enough just to be aware of the affairs of a financial company, then the currency market can be referred to the most unpredictable markets. In order to trade successfully in this market it is necessary to be able to analyze it. Basically, all types of analysis can be divided into two main types: Fundamental analysis; Technical analysis. A person, unfamiliar with the currency market, may get an impression that in order to trade at the currency market one needs to have at least a PhD in Economics. Indeed, it is necessary to know the details of economic and financial processes, many economic indicators and...
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The purpose of trading on the currency market is, of course, to make a profit. At the same time, any trader will tell you that trading without losses does not happen. In order to limit your losses and fix the desired profit in time, the MetaTrader 4 terminal implements stop-loss and take-profit orders. Take Profit is an order that closes your position when the positive value is reached. Stop Loss, also known as Stop Loss, also known as moose, is an opposite order to Take Profit, closing the position when it reaches a negative value specified by the trader. So how do I set stop-loss and take-profit correctly when trading at ? The use of stop-loss and take-profit - the smart trader's approach There are many traders who...
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Everyone has heard about the "shale revolution" and the "shale boom" in the United States, but few people have any idea what shale oil is, how it is produced, or whether it is such a threat to "classic" oil. Types of shale oil Shale oil is a mineral and, like "classic" oil, is formed from organic residues that have fallen under the influence of certain geological factors. The modern energy industry distinguishes between two types of shale oil depending on how it is produced: Tight Oil This type of oil consists of light fractions and is found in reservoirs with low permeability, which is the reason for its name. Tight oil is produced by hydraulic fracturing and drilling...
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Looking for a trader - sections with such ads are present in almost all forums and specialized sites. - the most liquid market in the world. In spite of the fact that the risks in it are an order of magnitude greater than in classical investment, the flip side of the medal is a high yield, which cannot be compared to the income on bank deposits, dividends on securities, and so on. It is quite natural that many investors, who know about , but have no desire or opportunity to trade on their own, place ads looking for traders. Looking for a trader - a classic business model Ads like "Looking for a trader" are the implementation of the classic business model "customer-executor. In fact, we are dealing with trust management on...
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The MetaTrader 4 trading platform is well respected by an army of millions of traders. Nevertheless, few people use the platform's functionality to the full 100%. Moreover, most traders are not even aware of all the features of MT4. We can talk about all the features of the terminal for a very long time, but it is not our purpose, because there are a lot of articles and tutorials on this topic. Let us focus our attention on some very interesting and useful features of MetaTrader 4, namely on how to create a non-standard timeframe in MetaTrader 4. Creating non-standard timeframe MetaTrader 4 provides traders with a set of nine standard timeframes....
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As we've said many times before, the modern trader lives on the Internet. Modern technology provides access to the web from virtually anywhere in the world and from any mobile device. However, with all the advantages of mobile trading platforms provided by brokers, their functionality, due to their features, is still inferior to the most popular among traders trading platform MetaTrader 4. Not even all standard indicators are available, there is no possibility to carry out graphical drawings in a familiar mode, and so on. How can you always have your broker's trading terminal with all its indicators, scripts, Expert Advisors, templates and settings at hand? In this case, the trader comes to the aid of a flash drive or, as it is called...
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Download for free is the most popular request of those who begin to get acquainted with the financial markets. Traders all over the world download trading terminals, indicators, advisors and other. Most Forex material can be downloaded without spending a penny. Why then, with such abundance, most beginning traders lose their deposits and, as a result, never come back to the market, and few of them succeed? Let's look at becoming a beginning trader on the Internet step by step. The first stage: downloading literature and trading terminal. The first thing a beginning trader learns about the currency market is to type "free books (textbooks)" into search engine. Now it is not difficult to find and download for free on the Internet...
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In our last article on the secrets of MetaTrader 4, we have already learned how to set up sound alerts. Today we will consider how to set up email notifications. To make the terminal send the notifications of the specified events to your email account, you should open "Tools - Settings - Mail" tab, tick the "Enable" field and set up the mail server. The format of the parameter to be entered is marked in red in each field. Let's find out more about what you should enter and where you should enter it. The "SMTP Server" field is where you should enter the address of the mail server you are using. Through the colon you must specify the port number. As a rule, it is port number 25. My mail is on the mail...
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Rebate (Rebate - discount, concession) on - return of a part of spread to the trader or broker's partner, paid on each deal. Despite the difference in temperament, characters, experience and level of knowledge, the ultimate goal of all traders is the same - to maximize profit from transactions and reduce their trading costs. And if the amount of profit depends, first of all, on the trader, then the amount of trading costs becomes one of the main criteria in choosing a broker. Meanwhile, some companies directly reduce spreads and commissions, while others offer rebates to clients. In this case a trader gets back a certain percentage of spread regardless of the result of his trade. Thus.
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Each trader who uses the MetaTrader 4 platform adjusts the appearance of currency pairs' charts according to his or her tastes and preferences. Some like white background, some are used to black. Some people like the black and white candlesticks, while others prefer the green bars. In general, all felt-tip pens are different by taste and color. Most traders stop there. However, knowing all the features and secrets of the MetaTrader 4 platform, you can customize the sound alerts for the system and user events, making trading in the forex market much more comfortable and pleasant. How to set up sound notifications of system events Everyone knows the system sounds of the MetaTrader 4 platform. These are setting and losing of...
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