Next,t point G we have another cue of potential strength returning into the market since the upswing has a very good AVB Now at point I you know 2 things Two,if you had taken time to learn about VSA,you will know that both H and I are tests for supply that confirmed the presence of supply in the market So,those of you into Fibonaccis or fractal break outs,by using volume analysis would have gotten confirmation for your short entries,everybody else would have gotten at least a "tell" from the market clearly signalling to stay away from longs.
We are at present time,we see at L that we have potential strength coming back into the market since the upswing has a very good AVB and additionally the upswing broke the previous highs for the first time since the beginning of the move If we just want to use this information and then trade with another system,at least we know that ,for the first time during the downwards move,there could be a rationale that justifies a long entry,though it is very weak yet and not confirmed,so,depending on your risk acceptance and the confidence you have on your other systems you can make an informed decision.
Using this method helps you in making informed decisions,that is what it is about,getting additional clues that help you in trading with confidence and improving your results. NOTE: An interesting question to ponder All those people that bought at actual consolidation area and were still long afew bars ago Where were their stops located?
Now,where is demand coming in? Demand has shown to be present at 1. But there are more stops near the 1. I hope that some of our genius coders could help you. Update:The pin bar with above it shows strong supply at the 1.
SIMBA: Tim Ord is a professional trader with more than 25 years experience,was 4th in the US trading championship ,options division,was ranked amongst the 10 best performers money managers at his firm among money managers ,he is consistently appearing in the Timer Digest among the top ten market timers Also, the support and resistance lines he's drawn looks good.
His reasoning is solid, but a lot of it is in hindsight. RickW Thanks Simba for this information. How would you use volume with the price swings for forex? Thank you. Files: gbpusd. Beginning of move OK,see chart.. Will continue on next post. Files: gbpusd1.
Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers. The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete.
MetaTrader 4 MT4 functions as a comprehensive platform for trading foreign exchange FX , analyzing financial markets, and using expert advisors. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.
Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more money being spent on advertisements and sponsorships to attract potential traders.
Secondly, more traders are aware of the ease in applying for online accounts; the low barrier to entry now means a trader only needs to deposit virtually as little as one wants in order to places trades. Thirdly, the improvement of financial technology, better performing hardware and software, leading to quick and consistent execution, which in turn is helped by higher liquidity, and reduced trading costs such spreads and commissions, have fueled the retail trading industry immensely. How to Trade Online?
Before the emergence of the Internet, traders would have to place trades over the phone, which could be rather cumbersome, especially if one wanted to place multiple trades in a short space of time. Indeed, online trading has opened a new field of trading in the form of foreign exchange scalping, whether manually, or by way of automated trading robots. An example of online trading is the trading the foreign exchange market with a forex broker, using a platform which the broker will provide.
The trader installs the platform on their computer, and they are given the information and tools needed to start trading. The most common online retail platform for forex trading is known as MetaTrader 4 MT4.
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Excellent charting tools: MT4 platform offers advanced charting tools the enables traders to conduct a technical analysis of the market and conduct trades simultaneously. Additionally, the charts are customizable hence, easy to use and read. You can as well remove what you do not need from the chart, create templates, change colors and styles. Automated Trading strategy : This time-saving feature is one of the reasons for the popularity and success of this platform.
The platform provides EAs that you can use to automate your trading activities to meet your needs. Profile management : It is possible for you to view your profile details on the same interface. Some of the available information includes account details, trading history, and passwords. You can create a profile for each market and arrange the charts and windows according to your personal preference. High information security : Security is another reason that makes MT4 stand out in the industry despite the fact that there are other sophisticated more platforms than it.
It uses a bit key to encrypt user information. It salon secures the IP address of the trader. Real-time communication : MT4 Forex brokers can communicate directly with their traders on the platform through messages. It eliminates the need for long emails, which you might not see in time and are often complicated.
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If you have some skills in MQL4 programming, then you can develop your own EA and technical indicators. It also enjoys sizeable online community forums where you can find open source codes and help with programming issues.
The above benefits of the MT4 trading platform have made it a favorite among Forex trade brokers. Nearly all the Forex brokers have MT4 as one of the trading platforms. So how do you select the best broker in such a sea of options? Below are some of the essential factor s consider when hunting for a broker that uses an MT4 platform. The first place to start your search is by narrowing down to a specific kind of broker.
The common type is the market making brokers. They function as counter-parties to every transaction. They buy orders from traders who are selling, hold it and until they find a buyer willing to pay for the prices they have set. They are also known as dealing desk brokers. You will not be able to access the actual market prices with these brokers, and there is always a conflict of interest.
They are a good option if you plan to trade in small amounts. They also come in handy during volatile market scenarios. The other broker types are the Non-dealing desk ones. They provide a trader with direct access to the liquidity provider and other traders.
They may have overlapping features, but they are different in principle. MT4 Forex brokers are subject to regulation. The name of these regulatory bodies and their needs vary from country to country. Dealing with duly regulated MT4 Forex brokers ensures security for your deposit. If the broker collapses, you stand to be compensated by the regulating economy. In some countries such as the UK, the government protects the amount a trader invests with any of the licensed brokers.
The above two factors will eliminate most of the MT4 Forex brokers leaving you with legitimate ones only. You can now focus on the intricacies that make them different one from the other. The first place to look is the different account offerings and requirements. They include:. Leverage: It is an attractive feature because it enhances your chances of winning big and increases your purchasing power.
However, it is essential to use these cautiously as the same factor also multiplies the losses. The mode of compensation: MT4 Forex brokers get their cut in two ways, charging commission or widening the spread. ECN brokers charge commission on each transaction since they are not participants but only facilitators. Market makers, on the other hand, make money on the spreads. None of the options is outrightly better than the other.
The commission-based brokers charge highly while market makers always price the spread to protect their bottom-line, not that of the traders. Even though MT4 platform allows for several choices of trading instruments as well as currencies, the interest of traders vary. One may choose to deal with a specific pair of commodities while another prefers currencies.
In the end, the broker you settle for should be offering your instruments of interest. Though the last on this list, it is the most important. You need to be sure that you can get help promptly when you need it.
A worthy MT4 Forex broker will employ real people to handle its customers. You can start your Forex trading by using the most widely used platform, the MetaTrader 4. IT has sufficient information and community support than most of the new platforms.
You will join a community of tens of million traders. Only ensure you choose a licensed, reliable, and reputable MT4 Forex broker that suits your trading needs. Risk Warning: Your capital is at risk. Invest in capital that is willing to expose such risks. Best MT4 Forex brokers. Classic filter Constructor. Minimum Deposit. Live spread. Bank broker. VIP accounts. Micro account. Cent account. Founded in. Payment systems. Maximum Leverage. No deposit bonus.
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Foreign currency accounts. OCO orders. Trailing stop. Guaranteed stop loss. Cashback rebate. To find out whether the MT4 or MT5 platform is more relevant to you, compare their features below or see a detailed comparison here. Online trading has never been easier. You can set up an account and start using your trading platform in minutes.
This article will help you with the very first steps into the world of trading with the most popular trading platform — MetaTrader 4. If you are using MetaTrader 5, please read our MT5 article. Once you have installed MetaTrader 4, logged into your trading account with Eightcap and successfully funded it, you are ready to start trading Forex, indices, Commodities, CFDs and more.
To master the basics of trading you first need to learn how to place orders in MT4. This article will help you to start placing and modifying your trades in MT4. The MetaTrader 4 platform provides many features that help traders execute trades with reduced financial risk. The first and most important thing you can do is to carefully monitor your trades and margins. Attaching Stop Loss and Take Profit orders on trades is an option that most traders use to manage their positions without the need to constantly monitor them.
Another way to manage trading risk is by placing Limit and Stop orders. In the worst case scenario, the margin call and liquidation level predetermined by the trading company will be activated. It is the most common trading platform offered by the majority of CFD providers. Developed in , the MetaQuotes Software Corp has become one of the most used applications for financial institutions.
The MetaTrader 4 and the MetaTrader 5 both offer a variety of tools for its users, making them the most accessible platforms within the industry. However, there are some differences between the two which we will explore below. Become a MetaTrader advanced user with our in-depth MT4 guides. Online trading has never been easier with our How To step-by-step guides.
Contact MetaTrader 4 Trading Platform. Create Account Try Free Demo. Access these MT4 features As an intuitive and fully customisable trading interface, MT4 provides a smooth and efficient trading experience for serious traders. Trade with Robots Automate your analysis and trading execution by downloading a free-of-charge trading robot or purchase one from the MetaTrader Market.
Flexible Trading System Trade using a method that suits you - from 1 click trading direct from charts to market, pending, stop orders as well as trailing stops.
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