START TRADING

There are steps to start trading .

 

Open Account:

 In this step you need to fill the registration or sign up form.Select trading account for MT4 or MT5.

Verify Account:

 In this step you need to verify your account which you have filled your email address. go to your email account and click on verify. After that you need to upload your Photo ID Proof such as PAN Card or Aadhar Card or Passport and Address Proof such as Electricity Bill or Bank Statement or Credit Card Statement. 

 

Fund Your Account:

In this step, you need to fund your account via Netller, bitcoin, Skrill, Local bank transfer. To do this you need to login your personal area and select your trading account for which you want to fund your account. After That you need to click "Deposit" and follow the steps of deposit process.

Download Trading Platform:

In this step you need to download MT4 or MT5 trading platform. Mt4 or Mt5 install in your pc or mobile .To sign in, click File->Login, enter your account number into “Login” box, along with your trader password that was sent to your email address.

Click “Buy” or “Sell”

To open an order, you can simply select the volume of your position and click the Buy or Sell button.

HOW DO I TRADE?

Basically, you open a buy order if you expect the price to go up and open a sell order when you expect the price to go down.That means that you buy a certain amount at a lower price now, in order to sell it back at a higher price later and gain profit from the price difference and vice versa.

Understanding leverage

 

Leverage reduces marginal requirements (that is, the amount necessary to maintain a certain position) and helps you to open orders with larger volume than you balance would allow otherwise. However, it is important to note that it works both ways: the higher the volume of your order is, the more you gain or lose for each pip the price goes up or down. Please consider the example below: 

 

If you have a trading account with $500 and 1:500 leverage, your open position for 1 lot (100,000) on EUR/USD, when the value is 1.13415. The required margin for this position is $226.83, almost half of your account value. Each pip movement is worth $10 to your trade account. Therefore, the value only needs to fall to 1.13145 for you to lose nearly all of the money in your trade account. With volume of 0.5 lots, however, each pip costs you $5 only, which means that in case the price falls to 1.13145 your loss would be $135.

 

This should be taken into account when making a trading decision and evaluating the potential risk of an adverse price fluctuation.

 

 

How do I predict whether the price is going to rise or fall?

 

As a beginner you can simply track the general direction of the price on the chart and open buy orders when it goes up and sell orders when it goes down. This may not guarantee you profit in all cases, however it is a good start for developing your strategy.

If you have little to no experience yet, it would be advisable to avoid trading during major news releases since the market tends to be highly volatile. Two more advanced methods of price prediction are technical analysis and fundamental analysis. Basic risk management techniques may also prove beneficial in reducing losses.

 

 

How do I make a profit?

 

There are many strategies that allow you to profit from currency price fluctuations, for example, scalping, martingale, hedging, news trading and many others. You can find a detailed description of the most common strategies here.

 

Alternatively, you can use automated trading software that can help you in making trading decisions or even open and close positions for you.

 

 

How do I close an order?

 

Your order profits fluctuate depending on the current market price until you close it. If you feel like you’ve gained substantial profit, open “Trade” tab in your MT4, find the open position, right-click it and select “Close order” from the context menu.