Discussion of article "Social Trading with the MetaTrader 4 and MetaTrader 5 Trading Platforms"
When you say anyone can join social trading with little bits of capital that can be misleading because if the signal provider has a large or size able starting capital then it will be difficult for someone with less to take on proportionate risk especially if the signal provider is mostly risk averse.
New article Social Trading with the MetaTrader 4 and MetaTrader 5 Trading Platforms is published:
Author: MetaQuotes
I have a problem with the lot size or risk. Your balance is 1856 usd and my balance is 715 usd, your lot size is 0.01 and my lot size is 0.01. But You get profit 7 usd and I get profit 0.70 usd. I try to increase the risk by "use no more than 95% of deposit" setting at option signal but nothing change. Could you tell me how to fix this so I get at least 3.5 usd profit?
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)
Talking Points:
- News releases can be stressful on traders
- Develop a plan before the event arrives
Perhaps you are already in a good position with a good entry and you are afraid the news release may take a bite out of your good entry.
Perhaps you want to enter into a new position as prices are near a technically sound entry point, but you are uncertain if the technical picture will hold up through the volatile release. Therefore, you agonize over the decision of whether to enter now or after the news event.
Maybe, you like to be in the action and initiating new positions during the release. The fast paced volatility during the news release still gets makes your palms sweat as you place trades.
As you can see, news events stress traders in a variety of ways.
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
frustration.
You don’t have to be stressed or frustrated through fundamental news releases.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
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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.
Ready 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.
Author: MetaQuotes