New article Social Trading with the MetaTrader 4 and MetaTrader 5 Trading Platforms is published:
What is social trading? It is a mutually beneficial cooperation
of traders and investors whereby successful traders allow monitoring of
their trading and potential investors take the opportunity to monitor
their performance and copy trades of those who look more promising.
You monitor real-time trading of a number of traders, connect to the
most successful ones and copy their trades in automatic mode - that's
what social trading is about. For novice and inexperienced traders who
have just turned to financial markets for additional income, it is
probably the best opportunity to actually start trading.
to take the opportunities offered by social trading but don't know
where to start? MetaTrader 4 and MetaTrader 5 are the most famous and
popular platforms for social and mirror trading, with Trading Signals
service being a very convenient, advanced social trading feature
offered in these platforms.
More information about the social trading you can find in the article: Social Trading with MetaTrader 4 and MetaTrader 5 Trading Platforms.
What are you talking about ? Who is your interlocutor ?
Can you please post your question about Signals in Frequently Asked Questions about the Signals service, thanks.
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.06.06 09:25
3 Steps to Trade Major News Events (based on dailyfx article)
Today, we are going to cover three steps to trade news events.
Step 1 - Have a Strategy
It sounds simple, yet the emotion of the release can easily draw us off
course. We see prices moving quickly in a straight line and are afraid
to miss out or afraid to lose the gains we have been sitting on.
Therefore, we make an emotional decision and act.
Having a strategy doesn’t have to be complicated. Remember, staying out
of the market during news and doing nothing is a strategy.
A strategy for the trader with a floating profit entering the news event
could be as simple as “I am going to close off half my position and
move my stop loss to better than break even.”
For the trader wanting to initiate a new position that is technically
based, they may decide to wait until at least 15 minutes after the
release, then decide if the set-up is still valid.
The active news trader may realize they need a plan of buy and sell rules because they trade based on what ‘feels good.’
Step 2 - Use Conservative Leverage
If you are in the market when the news is released, make sure you are
implementing conservative amounts of leverage. We don’t know where the
prices may go and during releases, prices tend to move fast. Therefore,
de-emphasize the influence of each trade on your account equity by using
low amounts of leverage.
Our Traits of Successful Traders research found that traders who
implement less than ten times effective leverage tend to be more
profitable on average.
3 - Don’t Deviate from the Strategy
If you have taken the time to think about a strategy from step number
one and if you have realized the importance of being conservatively
levered, then you are 90% of the way there! However, this last 10% can
arguably be the most difficult. Whatever your plan is, stick to it!
If I put together a plan to lose 20 pounds of body weight that includes
eating healthier and exercising, but I continue to eat high fat and
sugar foods with limited exercise, then I am only setting myself up for
You don’t have to be stressed or frustrated through fundamental news releases.