Moving Averages: by looking at the simple Moving Averages we notice that the currency pair Pound/Yen is still on an uptrend momentum in which both the SMA(50,0) and SMA(100,0) are working as supports in all the retracements since today. Recently the exchange rate has seen a small selloff and bounced on the SMA(50,0). The positive
In order to use a signal provider, there are some steps to follow: – Register for an MQL4 community ID through community website -Once you have registered, open your MT4 platform and go on Tools àOptionsà Community and enter your details – Go on the Terminal window and click on Signals; here you have a
New traders generally look for more experienced mentors with a good background and proven track record. However experienced traders are known to be quite jealous about their techniques and is difficult that they share their secrets with everybody. Signals give the opportunity to take advantage from the crowd of traders (experts and non) in order
On Friday 4th July, 2014, has been released the MetaTrader4 platform update. There are many changes but in this article we will focus on one in particular, regarding a function that is directly related with the trading activity. The name of this new function is Market Depth and can be found in the Market Watch.
In the previous articles we saw how to install the MetaTrade4 mobile application and how to personalize the template on your telephone. Last, we treat how to use simple trading commands such as Buy and Sell. In this article we will analyse how to insert pending orders with the MT4 application for iPhone and iPad.
Overview Yesterday there have been two important events, the non-farm-payroll and the speech of the European Central Bank boss Mario Draghi. If the US recovery appears to be well and truly on track, the Governor of the ECB said yesterday that the bank’s monetary stance would remain unchanged for the coming month. These news have
A CFD, or Contract for Difference, is an agreement between two parties to exchange the difference between the opening price and closing price of a contract. CFDs are derivatives products that allow you to trade on live market price movements without actually owning the underlying instrument on which your contract is based. You can sell
Here we will analyse how to utilize the MT4 platform in the event you have never used MetaTrader4. The image below shows the platform that traders use to place their trades in Forex market. 1) Market Watch In this chart it is possible to observe in real time the “bid” and “ask” price in
Generally traders decide to open and close many position during the day in order to gain the maximum profit in a short time. However if they decide to hold a position overnight, then each account is credited or debited an interest charge calculated on the full size (notional value) of the traders’ position. This particular
A pending order allows traders to buy and sell securities at a fixed price in the future. This type of order is triggered when the price reaches the price level selected in the order. The order will not be filled if price does not reach this level. There are four types of pending orders available