5 Tips You Need for Placing Your First Trade in MetaTrader 5
- Trading, Trading Knowledge
- June 17, 2022
A Forex broker, or foreign exchange broker, is a place that provides a platform to buy and sell currencies. Currency pairs, such as EUR/USD (Euro versus United States dollar) and GBP/USD (British pound versus the United States dollar), are purchased and sold. For beginner Forex traders, comparing Forex brokers can be overwhelming. The objective of
READ MORELaunched in late 2010, MetaTrader 5, or MT5, serves as a multi-asset trading platform and delivers superior real-time charting capabilities, as well as an array of features. For this article, a large screen, laptop or PC is used. However, FP Markets has applications for all types of operating systems and Android devices. Basic Platform Structure While boasting a professional
READ MOREReading time: 6 minutes Forex, or ‘foreign exchange’, involves the buying and selling of foreign currencies, arranged through what’s known as ‘currency pairs’, such as the EUR/USD (euro versus the US dollar) and USD/JPY (US dollar versus the Japanese yen). Interestingly, the Forex market is the largest and most liquid market globally, with a daily
READ MOREMetatrader 5: How to Make a Trading Prediction Download and install MetaTrader 5 platform (MT5) from the FP Markets website.. MT5 is incredibly user-friendly; you can easily adjust how you wish to display your charts and store them as defaults, ensuring that all of your charts appear the same. In addition, MT5 makes it simple
READ MORECommon Forex Scams and How NOT to be the Next Victim The Forex (Foreign Exchange) market is massive, with more than 6 trillion US dollars daily average trading volume. Over the last decade, more investors have immersed themselves into the foreign exchange market, and it has been more popular than ever. Forex investment is a
READ MOREReading time: 7 minutes The Forex market is made up of several commercial banks, hedge funds, proprietary trading firms and individual traders. Its fragmented nature operates through electronic platforms on a twenty-four-hour basis, five days a week. Absent of a primary exchange and clearing house, measuring real-time foreign exchange volume is impossible. Unlike other financial
READ MOREReading time: 7 minutes Gone are the days where traders focused on one financial market. Retail investors trading Forex on the MetaTrader 4 (MT4) platform often monitor and trade other financial instruments, including the cryptocurrency market in the form of cryptocurrency CFDs (contracts for difference). CFDs are a derivatives product that’s readily accessible on the
READ MOREReading time: 8 minutes Although fiat currencies claim centre stage in the financial markets, the cryptocurrencies bandwagon has been calling. A cryptocurrency is a digital asset, a virtual currency liquid enough to function as money. According to CoinMarketCap at the time of writing, the total cryptocurrency market capitalisation (market cap) stands at an eye popping 730
READ MOREReading time: 8 minutes The speed at which technology is developing continues to grow, with many traders eager to embrace it. However, technology remains a mystery for large numbers of traders, and can be particularly confusing when it comes to installing external technical indicators on MetaTrader platforms. This tutorial, however, should help simplify things. MetaQuotes
READ MOREReading time: 8 minutes With a daily volume of $7.5 trillion, foreign exchange is the largest financial market in the world. Arranged as a decentralised auction house for currencies, FX trading offers unparalleled opportunities for informed traders and investors. As a Forex trader, among other things, knowing the process behind calculating profits and losses is
READ MOREReading time: 6 minutes COVID-19 (coronavirus) gripped 2020 at an unparalleled pace, driving the global economy into its worst recession in decades. It’s estimated to cause global Gross Domestic Product (GDP) to contract by 4.4%. With so much uncertainty, does it not make sense to avoid financial markets and save cash at the bank, via
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