#metatrader plugin development

[jameswilliam03]

Trader Fx: How to Stay Competitive in a Fast-Changing Market

The world of Forex (FX) trading has undergone dramatic changes over the past few decades. With technological advancements, new platforms, and a growing range of trading strategies, the FX market has evolved into one of the most dynamic and accessible financial markets in the world. Traders, both novice and experienced, must constantly adapt to these changes to stay competitive.

In this article, we’ll explore the key developments shaping the FX market, the role of modern trading platforms like MT4/5 and cTrader, and actionable strategies traders can use to stay ahead in the fast-changing world of FX trading.

The Changing Landscape of Forex Trading

1. Technological Advancements

The evolution of Forex trading is closely tied to technological progress. Historically, FX trading was conducted manually or through phone-based systems. With the advent of electronic trading platforms in the 1990s, the market became more accessible, allowing retail traders to participate alongside institutional players.

Platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader have revolutionized how trades are executed, offering traders powerful tools for market analysis, automated trading, and real-time data. These platforms make it easier to analyze complex charts, create custom indicators, and develop algorithms for automated trading.

MT4/5: MetaTrader platforms are widely known for their user-friendly interface, algorithmic trading capabilities, and support for third-party plugins and indicators. MT4 remains popular, but MT5 has gained traction for its multi-asset trading and enhanced back-testing features.

cTrader: cTrader offers an alternative to MetaTrader with its sophisticated charting tools, faster execution speeds, and easy integration with algorithmic trading systems. cTrader also excels in copy trading, enabling new traders to follow experienced ones.

2. Rise of Algorithmic and Automated Trading

Algorithmic and automated trading have become integral to modern FX markets. Through the use of trading algorithms (algos), traders can execute trades at high speeds, eliminating the emotional biases that often lead to poor decision-making.

Algorithmic Trading: Algos execute trades based on predefined criteria, such as price, volume, or timing. They allow traders to take advantage of short-term market inefficiencies, executing strategies with precision.

Automated Trading: Automated trading systems (ATS) execute trades without human intervention, following predetermined rules and strategies. Traders can create their own Expert Advisors (EAs) on MT4/5 or use cAlgo on cTrader, automating complex trading strategies.

3. Social and Copy Trading

The rise of social and copy trading has made Forex trading more accessible for beginners. These systems allow traders to follow and copy the strategies of more experienced traders in real-time. Platforms like ZuluTrade, Myfxbook, and cTrader’s built-in cCopy feature enable users to see the performance history of top traders and mimic their trades.

Copy trading not only simplifies the trading process but also democratizes access to professional-grade trading strategies. By selecting traders with proven track records, beginners can potentially profit while learning.

Key Challenges in Forex Trading Today

Despite the innovations that have made Forex trading more accessible, traders still face several challenges. Staying competitive in the FX market requires a keen awareness of the following obstacles:

1. Market Volatility

The FX market is notoriously volatile, driven by economic data, geopolitical events, and unexpected market shocks. For instance, central bank interest rate changes, political instability, or major global events (like the COVID-19 pandemic) can create unpredictable market movements.

Volatility presents both opportunities and risks. While traders can profit from large price swings, the risk of rapid losses is also high. Managing volatility requires a solid risk management plan and the discipline to stick to it.

2. Overleveraging

Leverage allows traders to control larger positions with a smaller amount of capital. However, overleveraging is a common pitfall for new traders. While leverage magnifies profits, it also amplifies losses. For example, a leverage ratio of 100:1 allows traders to open a $100,000 position with just $1,000, but even small adverse market movements can result in significant losses.

To avoid overleveraging, it’s essential to understand risk-reward ratios, use appropriate stop-loss levels, and manage position sizes in relation to account equity.

3. Information Overload

The vast amount of information available to traders today can be overwhelming. From real-time news feeds to technical analysis tools and sentiment indicators, traders must sift through a sea of data to make informed decisions. Without a structured approach, traders can easily suffer from analysis paralysis—the inability to make decisions due to overanalyzing data.

The key to overcoming information overload is to identify and focus on the most relevant data for your trading strategy. This might include focusing on certain technical indicators, sticking to a specific trading time frame, or following key economic events.

4. Psychological Pressures

Trading psychology plays a significant role in a trader’s success. Fear and greed are the two dominant emotions that often lead to poor trading decisions. Fear may prevent traders from entering potentially profitable trades, while greed may lead them to overtrade or hold onto losing positions for too long.

Maintaining emotional discipline is essential. Successful traders develop the ability to remain calm under pressure, make objective decisions based on data, and stick to their predefined trading plans.

Strategies for Staying Competitive in Forex Trading

Given the challenges in Forex trading, here are some key strategies to help traders remain competitive in this evolving market:

1. Adopt a Robust Risk Management Plan

Risk management is the foundation of long-term success in Forex trading. It involves managing position sizes, setting stop-loss orders, and determining the risk-reward ratio before entering any trade. A solid risk management plan helps ensure that traders can survive market downturns and maintain consistent profitability over time.

Key Risk Management Practices:

Never risk more than 1-2% of your account on any single trade.

Use stop-loss orders to limit potential losses.

Diversify your trades across different currency pairs or asset classes to spread risk.

2. Leverage Technology for Automated and Algorithmic Trading

One of the greatest advantages modern traders have is access to powerful trading technologies. By leveraging Expert Advisors (EAs) on MT4/5 or cAlgo on cTrader, traders can automate their trading strategies, freeing themselves from the need to constantly monitor the markets.

Advantages of Automated Trading:

Removes emotional bias from trading decisions.

Enables high-speed execution of strategies.

Allows traders to take advantage of short-term opportunities, even when they’re away from the screen.

3. Embrace Copy Trading

For novice traders or those who lack the time to analyze markets in-depth, copy trading can be a powerful tool. By following successful traders with proven track records, you can mirror their strategies while learning from their approach.

However, it’s crucial to perform due diligence before selecting a trader to follow. Look for signal providers with a consistent performance history, a reasonable risk profile, and transparent trading strategies.

4. Develop a Trading Plan and Stick to It

A trading plan outlines the rules and criteria for entering and exiting trades. It defines your risk tolerance, target market conditions, and the strategies you will use. A well-defined plan helps traders stay disciplined and avoid emotional decision-making.

Your trading plan should be flexible enough to adapt to changing market conditions but rigid enough to prevent impulsive decisions. It should also include a review process, allowing you to periodically assess your performance and adjust strategies as needed.

5. Continuous Learning and Adaptation

The FX market is constantly evolving, and traders must stay up to date with new strategies, tools, and market developments. Continuously improving your knowledge and skills is crucial for staying competitive. This can be achieved by:

Attending webinars or courses on advanced trading techniques.

Reading market analysis reports and expert opinions.

Testing new strategies using demo accounts before deploying them in live trading.

The Role of Modern Platforms in Enhancing Trader Competitiveness

Platforms like MT4/5 and cTrader are designed to enhance traders’ efficiency and competitiveness. They offer cutting-edge tools, such as advanced charting, risk management systems, and access to automated trading. Understanding how to fully utilize these platforms can significantly improve trading outcomes.

Key Features to Master:

Backtesting and Optimization: Both MT4/5 and cTrader allow traders to backtest strategies using historical data, ensuring that their approach is profitable before using it in live markets.

Custom Indicators: Using custom technical indicators and scripts can provide traders with a unique edge, allowing for more tailored market analysis.

One-Click Trading: Faster execution is critical in volatile markets. Platforms like cTrader offer one-click trading, reducing the time between decision and execution.

[greylabel]

Mt4 grey label

MT4 Grey Label, also known as MetaTrader 4 Grey Label, is a popular solution for forex brokers looking to establish their presence in the market without the need to develop their trading platform from scratch. This white-label solution offers a range of features and benefits that make it an attractive choice for new and existing brokers.

One of the key advantages of MT4 Grey Label is its ease of use. The platform is designed to be user-friendly, with a simple and intuitive interface that makes it easy for traders to navigate and execute trades. This is especially important for new traders who may not be familiar with the forex market or trading platforms.

Another benefit of MT4 Grey Label is its flexibility. The platform can be customized to meet the specific needs of brokers and traders, with a range of plugins and add-ons available to enhance its functionality. This allows brokers to tailor the platform to their brand and target market, giving them a competitive edge in the market.

In addition to its ease of use and flexibility, Mt4 grey label also offers a range of features designed to improve trading performance. These include advanced charting tools, technical analysis indicators, and automated trading capabilities. These features can help traders make more informed trading decisions and execute trades more efficiently.

Overall, MT4 Grey Label is a powerful and versatile platform that offers a range of benefits for forex brokers and traders. Its ease of use, flexibility, and range of features make it an attractive choice for brokers looking to establish their presence in the market and grow their business.

[forex4life]

MT5 Gateway or A Liquidity Bridge

What should a broker choose: MT5 Gateway or a Liquidity Bridge?

Forex brokerage setup can be a complicated process with multiple choices that can impact the success of the business. One of the vital decisions is selecting the right technology solution to connect the broker's trading platform to the liquidity providers' network. 

           Two popular solutions for this purpose are MT5 Gateway and Liquidity Bridge. In this blog post, we will discuss the differences between the two and the factors that brokers should consider when choosing between them.

MT5  Gateway

              The prominent MetaTrader 4 & 5 trading platforms were created by Meta Quotes, who also created the MT5 Gateway technology solution. A server-side plugin called MT5 Gateway links the broker's MT5 trading interface to the network of liquidity providers. By transferring trade requests and price quotations back and forth between the trading platform and the liquidity providers, the plugin serves as a bridge.

Key Benefits of MT5 Gateway

The MT5 Gateway's interaction with the MT5 trading platform is one of its key benefits. Without further development or customization, brokers who already use MT5 as their trading platform can quickly incorporate MT5 Gateway. 

Additionally, a variety of order types, such as limit orders, stop orders, and market orders are supported by the plugin, enabling brokers to provide their customers with a flexible trading environment.

Additional risk management options provided by MT5 Gateway include negative balance protection, adjustable margin call and stop-out thresholds, and negative balance protection. 

Additionally, the plugin allows multi-currency accounts, enabling brokers to give their customers the choice of holding money in other currencies.

But MT5 Gateway's restricted connectivity with other trading platforms is one of its key drawbacks. 

Brokers who employ a different trading platform than MT5 will have to create a unique interface with MT5 Gateway, which can be a time-consuming and expensive procedure. 

Limited support is now available for non-Forex products including stocks and commodities through the MT5 Gateway.

Liquidity Bridge

           A liquidity bridge is a technological solution that uses a unique API to link the broker's trading platform to the network of liquidity providers. 

          A liquidity bridge can be integrated with any trading platform that allows API integration, unlike MT5 Gateway, which is platform-specific. The bridge can also handle a variety of instruments, including Forex, equities, and commodities, and a large range of order types.

Key Benefits of Liquidity Bridge

A liquidity bridge's flexibility is one of its key benefits. Brokers who don't utilize MT5 can easily integrate the bridge through API integration without having to pay for special development. 

Furthermore, compared to MT5 Gateway, a liquidity bridge provides greater customization options, enabling brokers to adjust the bridge to their own requirements. Support for non-Forex instruments is another benefit of a liquidity bridge. 

Many liquidity providers give access to additional asset classes, including equities and commodities, which can be added to the broker's trading platform using the bridge. 

Brokers are now able to provide a wider variety of instruments to their clients, expanding their opportunity to generate income.

However, the higher cost and complexity of implementation are two of the key drawbacks of a liquidity bridge. A development team will need to collaborate with brokers who utilize liquidity bridges to customize the bridge and connect it with their trading platform.

The cost may also increase due to potential continuing maintenance and improvements needed for the bridge.

Considerations while choose between the MT5 Gateway and the Liquidity Bridge

Brokers should take into account a number of variables when selecting between MT5 Gateway and Liquidity Bridge, including:

Trading platform: Integrating MT5 Gateway may be simpler for brokers who currently use MT5 as their trading platform. Brokers who utilize a separate trading platform, however, must think about a liquidity bridge.

Customization: A liquidity bridge may be a preferable solution for brokers who demand a high level of customization because it provides more flexibility in terms of customizing possibilities.

Asset classes: Liquidity bridges may be a preferable choice for brokers who wish to give their clients access to a variety of asset classes, including non-Forex instruments like equities and commodities.

Cost: Brokers must take into account both the one-time and continuing costs related to any solution. For brokers who already use MT5, MT5 Gateway might be a more affordable solution, although a liquidity bridge might need a bigger initial investment but offer more long-term flexibility and earning potential.

Support and upkeep: Brokers should take into account the degree of upkeep and support needed for any solution. A liquidity bridge might need continuing development and maintenance, whereas MT5 Gateway is typically simpler to set up and operate.

Final paragraph

           The broker's needs and priorities must be carefully taken into account while deciding between MT5 Gateway & Liquidity Bridge. MT5 Gateway in Forex brokerage setup may be a simpler and more affordable choice for brokers who already use MT5 as their trading platform and who primarily offer Forex trading. 

             A liquidity bridge, however, might be a better choice for brokers who need more customization choices and want to offer a wider variety of asset classes. Brokers should, in the end, carefully assess their requirements and weigh the advantages and disadvantages of each solution before choosing.

[cplugin]

CPlugin team has a decade of experience in offering scalable and customized tools and solutions to forex brokers, their white labels, and IB’s. They strive to solve complex trading operations with tailored plugins for MT4/MT5, web APIs, risk management tools, and technical support. Individuals can use a free trial version of the product to understand whether it fits well for their business model.

[havetradecom]

Metatrader 5/ MT5 White Label | MAM Software | MT5 MAM Software

Access our MAM software, Metatrader 5/MT5 white label solution, and MT5 MAM software for custom web development, reduced setup cost, and best forex liquidity. https://havetrade.com/custom-plugin-development.php

[metatrader5whitelabelsoftware]

Start Forex Brokerage, Become forex broker, Best Forex Broker Software, MT 4 Forex Trading, Metatrader 4 Whitelabel Software, Forex Broker Website, Online Forex CRM Software, Metatrader 5 Whitelabel, MT5 Trader label Software, Plugin Development for MT4 and MT5 platforms, Forex Company Formation, Obtain an Offshore Forex License

[aagmarketsblog]

AAG Markets cutting edge platform

In the trading world, there is one platform that stands above all else, that is metatrader. Metatrader has been developing tools for trading for over a decade and is widely accepted to be the best in the industry. AAG markets understands fundamentally that trading is a highly skilled activity where things can change from second to second. This is why the trading platform itself is of such importance. Our collaboration with metatrader means that our platform is world class and that any trader who trades with us is getting tools that professional investors and traders use. By using metatrader, traders also have access to a huge multitude of tools and plugins that can further enhance their trading experience. It comes as no surprise that the AAG Markets trading portal and platform has won numerous awards across the world for it’s innovation and ease of use. This is due to the AAG Markets product design team which have designed not only a beautiful but also highly functional client portal to compliment the trading systems. The client portal allows clients to control their finances and to see all the trading statistics that they need to see in order to maximise their trading efficiency. The AAG markets trading platform has been called “visionary” and was voted as the most popular trading platform at the last Global FX event 2019. To this end the AAG markets is preparing to sell their trading platform as a stand alone product to other brokers who wish to use the same world class systems. 

[sanfrix]

Forex Whitelabel VS Greylabel – What’s the difference?

If you are looking at this article, then you’re probably already at a level where you understand that setting up your own independent brokerage with an in-house platform and your own version of software like Metatrader is not just extremely expensive, but very tedious.

Now, before figuring out the best way to launch your forex business without said costs and hassles, let us understand the three options available.

1. Introducing Broker (IB) is essentially a firm or individual that partners with a primary broker with an agreement to solicit clients for the latter. This a commission-based relationship where the Introducing Broker (IB) as the name suggests simply introduces traders to the primary broker who in turn pays the IB either in the form of a flat fee per client or spread sharing for as long as the clients introduced by the IB keeps trading with the primary broker.

The process of applying for and setting up an IB is simple. Fill up an IB application with the primary broker, get your unique Introducing broker ID, reference links, promotional materials and you are good to go.

2. Grey Label is a more economical version of a White Label. This solution is more for startups who might not want to make a huge investment just yet. In this arrangement, you obtain the Grey Label license from a Whitelabel broker and the branding of the Grey label broker is separate from that of the technology provider (Whitelabel provider).

Though this is the more cost-efficient way of launching your new forex business, the downside of users being confused with two different brands will always be an issue when it comes to brand recognition and loyalty. Moreover, apart from the monthly fee or commission paid to the MT4/MT5 WhiteLabel solutions provider, there will eventually be a cost and hassle involved with the transition to a White Label at some point. Not to mention, the dependability on them for all your technology needs, glitches, and downtime.

However, when compared to an introducing broker (IB), it does offer some additional benefits in terms of control over the client groups and relationships, allowing you to manage the spreads and leverage of your clients and also their deposits and withdrawals.

3. White Label is the ability to use the software (MT4/MT5, Web Trader or a Mobile Trader) and put your own branding on it. This solution is ideal for experienced individuals or firms who want to become forex brokers and create their own brand in the forex trading industry.

White Label solutions allow the end-user to identify with the platform as one that is owned by you and might even give the impression that it is developed by you (though that is not the case). The end-users associate all their activities with your brand and give you credit for making their transactions possible, ensuring brand recognition and loyalty.

A White Label solution is the complete package with end to end technology that can be customized based on your requirements. It is the fastest way to get your forex brokerage business up and running. You also avoid huge costs and time of setting up, testing and going live (a hundred thousand dollars and a year in most cases). Also, running a full-scale forex business model involves other complications such as licensing and putting the technology together. The White Label format allows you to gain an in-depth understanding of the entire business and prepares you for the day you have enough capital to set up and run your own independent brokerage.

Compared to a Grey Label solution, White Label also offers you a larger degree of control over your business and clients.

Now that we’ve understood the basics of the three options available to anyone looking to launch a forex business, let’s relook at the reason we are here in the first place to further understand the best option for you.

If you recall, the reason we are looking at these options is mainly the cost involved with creating your own independent brokerage. Though the hassles of licensing and incorporation is also a big reason, the cost factor definitely takes the cake. With this in mind, let us now figure out the best option.

Though the Introducing Broker option is cost-effective, the existence of Grey Label rules out the IB option for most. However, it is worth looking at if you’re someone who does not want to spend much time on this business, but have contacts at your disposal which you might as well leverage by introducing them to someone who runs an Fx brokerage and gives you a cut.

Moving on, the Grey Label option as we previously established is probably the more cost-efficient way of launching a new forex business. That being said, we wouldn’t be wrong in assuming that you as an entrepreneur understand that the cost of launching or setting up is only the beginning.

What matters and should weigh into your decision are the ongoing costs such as commissions and maintenance fees. With a Grey Label having a much lower set up cost than a White Label, the commissions are usually high when compared to the commissions and maintenance fees of a White Label. Also, the fact that with a White Label, you are already recognized as a brand that offers end to end solutions makes a huge difference and eliminates the transitional cost that comes with a Grey Label wanting to scale up at some point.

With all this information, there still is a dilemma as most White Label solutions not only have a huge setup fee and a monthly maintenance fee but also charge a commission on spreads. This is where we come in.

With a White Label solution like ours at Sanfrix, there are no commissions or hidden costs on your trading volumes. The setup fee and monthly maintenance fees are the only charges involved. Apart from the assurance of uninterrupted and secure trading, we also offer a fully tailored solution including hosting and connectivity. Additionally, we specialize in developing custom plugins that are fully compatible with MT4/MT5 servers.

We also offer free CSO-as-a-service. Yes, you read that right, our dedicated Chief Success Officer will not just be your strategic consultant, but will also offer continued 24/6 support for all your operational needs. Don’t just take our word for it, ask any of our customers who have been with us for years for the very same reasons. Go on, request a demo or book a free consultation today!

[cplugin]

CPlugin team has a vast background and experience in offering quality consultation, customized solutions, and useful tools to forex brokers, their white labels, and IB’s. They offer robust solutions in the forex industry that are tailor-made to meet individual requirements. The mission is to serve advanced products and services that allow clients to gain a competitive edge and expand their profit margin. They offer ready-to-use solutions integrated into popular MT4/MT5 trading platforms to help forex brokers raise productivity and accomplish long-term goals. From software development to software as a service to IT engineers’ guidance, the team supports at every step to deliver superior outcomes. To know more about the company and its services, please visit: https://www.citybyapp.com/belize-city/professional-services/cplugin

[tokiomaru-blog]

Trading Paired Asian Currencies in the FX Market

New Post has been published on https://forexsuccesstips.net/trading-paired-asian-currencies-in-the-fx-market/

Trading Paired Asian Currencies in the FX Market

Foreign exchange trading can offer an excellent way to boost your investment returns. One of the most significant advantages of FX trading is that it’s possible to get significant returns on a relatively small investment.

How does that work?

If you open a forex trading account with Phillip Futures, you can leverage your trades. In other words, you need to put up only a small fraction of the trade amount as your margin. So, for example, with a margin of S$1,000, you could enter into a trade valued at 10 or 20 times that amount.

In practical terms, this allows you to magnify your profits ten-fold or twenty-fold. However, leverage is a double-edged sword. A trade that moves in the wrong direction could multiply your losses in the same proportion.

If you are new to trading, it may be a good idea to register for the one-to-one coaching provided by the experts on Phillip Futures’ panel.

An issue that many investors who are new to foreign exchange trading face is that they are not sure about which currency pairs to target. Several Asian currencies currently offer lucrative trading opportunities.

Let’s examine five currency pairs to gain an understanding of the market.

  USDCNH

Source – MarketWatch

The USDCNH pair refers to the US dollar against the offshore Chinese Renminbi. Despite the recent slowdown, China’s economy is still growing at a respectable pace. Its GDP is currently advancing at a rate that is in excess of 6% per year. That’s several times greater than the percentage in most western economies. However, the ongoing trade war with the US could result in a slowdown.

The USDCNH pair has relatively low trading volumes. Consequently, price movements could be easier to predict, providing for profitable trading opportunities.

  USDJPY

Source – MarketWatch

Japan is the world’s third-largest economy. Its export market includes the US, China, Europe, and many other countries. As a result, there is strong demand for the Japanese yen, which is known by its abbreviation, JPY.

USDJPY is the second most popular currency pair in the foreign exchange markets. Only EURUSD has higher volumes.

The Japanese economy has been undergoing a protracted slowdown for several decades. This is the result of two main factors. One, in the early 1990s, asset prices in the country collapsed. Equity valuations and the real estate market saw steep declines. Secondly, the country has an ageing population, and its restrictive immigration policy exacerbates this problem.

When you are trading USDJPY, it’s essential to keep these issues in mind.

  USDSGD

Source – MarketWatch

Singapore has one of the most successful economies in the world. Per capita GDP stands at US$93,900 on a purchasing power parity (PPP) basis. That’s significantly higher than that of most other developed countries. Exports from the “little red dot” are 173% of GDP, again one of the highest percentages in the world.

The USDSGD currency pair presents plenty of opportunities for forex traders. The value of the Singapore dollar relative to the US dollar can be affected by several factors, including the US-China trade war, oil prices, and the political situation in South East Asia.

  USDHKD

Source – MarketWatch

The Hong Kong Dollar gains its importance as the Hong Kong Special Administrative Region (SAR) is considered to be the gateway to China, the world’s #2 economy. Many international firms choose to make Hong Kong their base when planning a foray into the Chinese market.

Story continues

It’s important to remember that USDHKD trades within a narrow range as the Hong Kong Monetary Authority closely administers it.

  USDTHB

Source – MarketWatch

The value of the Thai Baht stems from Thailand’s export-led economy and robust tourism sector. However, in recent times, GDP growth has slumped because of a drop in demand for the country’s products. Thailand’s electronics producers and the auto sector have borne the brunt of the slowdown.

In the first quarter of 2019, gross domestic product grew by a paltry 2.8%. That’s a sharp reduction from Q12018’s 3.6%.

Another problem that Thailand faces is its growing external debt. However, these factors add to the Baht’s volatility, creating opportunities for forex traders.

  Boost your profits with Phillip MetaTrader 5

If you are to succeed at FX trading, it is crucial that you use an efficient and powerful trading platform.

Phillip MetaTrader 5 ticks all the boxes. It is available on desktop, mobile, and web and is compatible with Windows and MAC OS. In addition to this, here are some of the other benefits that you get if you choose Phillip MetaTrader 5:

⇨ Zero commission and low spreads on your FX trades – Phillip Futures offers some of the lowest spreads in the market. This helps to maximise your profits.

⇨ Automated trading – you can create your own automated trading algorithm. When you do this, you no longer have to worry about tracking the market on a minute-by-minute basis. The automated system that you have created takes care of this.

⇨ Access to the Autochartist MT5 Plugin – Scan the markets continuously using Autochartist, an advanced pattern recognition tool that is integrated with Phillip MetaTrader 5.

⇨ An opportunity to trade different order sizes – With Phillip MetaTrader 5, you can trade in micro, mini, or standard lots.

  The bottom line

FX trading is not a “get rich quick” investment scheme. You are not going to become wealthy overnight by entering into trades on the foreign exchange market. In fact, if you intend to make easy money without much effort, it may be better to stay away from trading forex.

However, it’s entirely possible to grow your initial investment slowly and steadily. Familiarise yourself with the FX Market Outlook and set up your Forex Trading Game Plan. Remember that you will not win with every trade. Even professional traders make both winning and losing trades. What’s important is to have more winners than losers.

By choosing Phillip Futures and the Phillip MetaTrader 5 platform, you can start on the right foot. After this, it’s just a matter of tracking the forex market carefully and maintaining a disciplined trading approach.

  (By ZUU online)

Related Articles – Your Three-Step Plan: Building An Expert FX Strategy That Truly Offsets Risk – Using currency fluctuations to your advantage

Source link Automated Forex Trading System

[s0y-un-herm0so-d3sastre]

Why Should You Try Forex News Trading?

Yes, don’t get me wrong. I am really totally serous about this. I’ve been trading currencies since the first cars were invented (and I am still in shape) I know what I’m talking about.

Let me show you how I trade Forex news.

5 minutes before the news release I prepare some nice cup of coffee and make sure everything is on its place.

3 minutes before the news release I do a last check from the previous numbers, the forecast and my trigger numbers.

1 minute before the news release i put my fingers on the hot buttons on my keyboard (buy | sell), close my eyes and repeat the trigger numbers for buy and sell in my mind. Feel the tension?

The second the actual numbers come through the squawk box, i hit the buy or sell button, open my eyes and enjoy the ride. Usual profit is 70 to 100 pips per trade but sometimes news trades are good for 150-250 pips.

Not everything about Forex News trading is “milk and honey”

Forex news trading allows us traders to make huge profits within a very little time but unfortunately not everything is “milk and honey.” There are several dangers or “Be Careful” as I like to call them.

Here are some of them:

1. You may experience slippage. Slippage occurs when you try to place a market or instant order, but because of the high volatility your order gets filled at a very different price quote.

How to deal: Metatrader 4 (5 as well) allows you to set up standard deviation from the quoted price. For news trading, you should enable the feature and set up a standard deviation from five Pips.

2. Your broker plays “dirty” and freeze trading. Probably, the worst thing what can happen. How to deal: Make sure you trade FX news only with a trusted broker what supports STP (straight through processing) or DMA (direct market access).

3. Everybody is already “IN” the trade while you still try to get the actual numbers. As news trading is based on the actual numbers, it is essential to have them right at the moment they are released. Getting them with delay means missing the pip party.

How to deal: If you have a big wallet, you may think about to subscribe to the real time news from Reuters. Yes, the monthly subscription is expensive but the Reuters news feed is the fastest you can get. If you are looking for a free solution for real time news, you can use the calendar from forexfactory.com or FX Pulse.

FX Pulse is a plugin for the Metatrader platform which provides you with real time news, forecast numbers and displays them directly on your trading chart. I developed it, mainly for myself, but decided a while ago to share it with other foreign exchange traders as a contribution to the trading community.

[cplugin]

MT4 Server Manager - CPlugin

If are you looking for the best mt4 server manager, Cplugin software development company is the best choice for your interest. We provide you with a full trading server management service. This service includes proper management of your MT4/MT5 trading server, including groups, symbols, and much more. For more information, visit our website.

[cplugin]

CPlugin is a prominent Software Development Company for forex brokers and their white label. We provide software development services like MT4/MT5 Server Plugins, IB Plugin, Trading Tools, Web Applications, Software-as-a-service, and on-demand, versatile payment, and delivery options. We also provide Consulting Services for MetaTrader 4. Connect with us!

[havetradecom]

Access our MAM software, Metatrader 5/MT5 white label solution, and MT5 MAM software for custom web development, reduced setup cost, and best forex liquidity. https://havetrade.com/custom-plugin-development.php

[havetradecom]

Access our MAM software, Metatrader 5/MT5 white label solution, and MT5 MAM software for custom web development, reduced setup cost, and best forex liquidity. https://havetrade.com/custom-plugin-development.php