How to start with MetaTrader and forex, the beginning - page 6
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How Banks, Hedge Funds and Corporations Move Currencies (based on the article)
Behind central banks in terms of size and ability to move the foreign exchange market are the banks. It is important to understand here that in addition to executing trades on behalf of their clients, the bank's traders often times try to earn additional profits by taking speculative positions in the market as well.
While most of the other players we are going to discuss in this lesson do not have the size and clout to move the market in their favor, many of these bank traders are an exception to this rule and can leverage their huge buying power and inside knowledge of client order flow to move the market in their favor. This is why you hear about quick market jumps in the foreign exchange market being attributed to the clearing out the stops in the market or protecting an option level, things which we will learn more about in later lessons.
The next level of participants is the large hedge funds who trade in the foreign exchange market for speculative purposes to try and generate alpha, or a return for their investors that is over and above the average market return. Most forex hedge funds are trend following, meaning they tend to build into longer term positions over time to try and profit from a longer term uptrend or downtrend in the market. These funds are one of the reasons that currencies often times develop nice longer term trends, something that can be of benefit to the individual position trader.
Although not the typical way that Hedge funds profit from the market, probably the most famous example of a hedge fund trading foreign exchange is the example of George Soros' Quantum fund who made a very large amount of money betting against the Bank of England.
Next in line are multinational corporations who are forced to be participants in the forex market because of their overseas earnings which are often converted back into US Dollars or other currencies depending on where the company is headquartered. As the value of the currency in which the overseas revenue was earned can rise or fall before that conversion, the company is exposed to potential losses and/or gains in revenue which have nothing to do with their business. To remove this exchange rate uncertainty many multinational corporations will hedge this risk by taking positions in the forex market which negate any exchange rate fluctuation on their overseas revenues.
Secondly these corporations also buy other corporations overseas, something which is known as cross boarder mergers and acquisitions. As the transaction for the company being bought or sold is done in that company's home country and currency, this can drive the value of a currency up as demand is created for the currency to buy the company or down as supply is created when the company is sold.
Lastly are individuals such as you and I who participate in the forex market in three main areas:
1. As Investors Seeking Yield: Although not very popular in the United States, overseas and particularly in Japan where interest rates have been close to zero for many years, individuals will buy the currencies or other assets of a country with a higher interest rate in order to earn a higher rate of return on their money. This is also referred to as a carry trade, something that we will learn more about in later lessons.
2. As Travelers: Obviously when traveling to a country which has a different currency individual travelers must exchange their home currency for the currency of the country where they are traveling.
3. Individual speculators who actively trade currencies trying to profit from the fluctuation of one currency against another. This is as we discussed in our last lesson a relatively new phenomenon but most likely the reason why you are watching this video and therefore a growing one.
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Forum on trading, automated trading systems and testing trading strategies
Support for Windows XP/Windows 2003/Windows Vista to be discontinued after 01 October 2017
MetaQuotes Software Corp., 2017.06.01 14:02
Support for Windows XP/Windows 2003/Windows Vista to be discontinued after 01 October 2017
Windows XP was released almost 16 years ago, on 25th of October, 2001. It is now considered to be an outdated operating system. Microsoft stopped supporting this system 3 years ago, because potential hardware capabilities could no longer be realized on Windows XP due to technical limitations.
Being an outdated system, Windows XP features a number of dangerous vulnerabilities, one of which was recently revealed by the WannaCry encryptor. That is why:
Older versions of MetaTrader 4 and MetaTrader 5 will continue to work on these systems, but will not be able to receive updates after 01 October 2017. Also, installers will not run on these operating systems.
The minimum required operating system version for running MetaTrader 4/5 will be Windows 7. However, we strongly recommend using the 64-bit versions of Windows 10.Forum on trading, automated trading systems and testing trading strategies
From Brazil to Kuwait — Brokers continue switching to MetaTrader 5
MetaQuotes Software Corp., 2017.06.20 11:39
Migration of global brokers to MetaTrader 5 is entering a new round. Recently, a number of notable market players have announced the launch of the multi-asset platform with support for hedging. Among them are the international Forex and CFD broker IFCMarkets, Brazilian ModalMais, STP broker Caveo Brokerage from Kuwait and the Hong Kong-based STP Broker Perfekt Capital Limited.
"In addition to our own NetTradeX platform and MetaTrader 4, IFCMarkets now offers trading on MetaTrader 5 significantly enhancing the possibilities of our traders", says Agasi Vardanyan, Executive Director of IFCMarkets. "MetaTrader 5 provides a number of new features, improved functionality and expanded set of tools making the trading process more flexible and comfortable. The powerful algorithmic trading is implemented in the platform by means of the built-in MQL5 object-oriented development environment opening new horizons for professional traders".
"We are very excited with MetaTrader 5 launch at ModalMais and we expect it to become the most used platform by our clients in a very short period of time", adds Rodrigo Puga, CEO of Modal DTVM. "We have a huge demand from active traders and from Expert Advisors' users. Brazilian market lacks platforms like MetaTrader 5, where customers can easily program and execute their strategies with speed and assertiveness. We had invested in a solid and robust infrastructure to meet the highest standards and to offer the best MetaTrader experience for the most active traders in Brazil with the lowest possible latency".
"As a Kuwaiti company, our founders are traders with more than 10 years of experience", notes Hossam El Kashif, CEO of Caveo Brokerage commenting on switching to MetaTrader 5. "This reflected on our mission to make it easier to trade starting from our trading platform and moving to wide range of services. At the end of 2016, our plan was to move forward to better experience of trading. We realized that MetaTrader 5 is our solution once MetaQuotes announced that the hedging is now available. We realized that now we can offer better technology with more trading instruments including futures and stocks beside the regular Forex trading conditions that the clients used to have in MetaTrader 4. MetaTrader 5 will provide traders with the ability to trade US stocks, Futures, ETFs, FOREX and CFDs.”
"The introduction of the widely demanded MetaTrader 5 hedging option has expanded opportunities for Forex traders bringing more traders to the platform", says Mallikarjun T. Patil, CEO of Perfekt Capital Limited. Along with other powerful platform tools like Depth of Market and standard timeframes, the hedging feature will give more confidence and flexibility in trading. Now, it is possible to have multiple positions per symbol, including opposite directed ones if the price moves against a trader".
And I want to remind about the market (what to read before buying for example):
How to buy a Trading Robot in MetaTrader Market?
Everything starts with the Activation in the Market. When you buy a product you do not actually get the product itself but the right to use it an unlimited number of times, but on a limited number of computers. This parameter is set for each paid product individually and it is disabled for free products.
After one activation you can use the product on a computer without any restrictions. You will not be able to download the copy of the product on another computer. If you installed the file manually, you will not open it either. Number of activations can be found on the page with a detailed description of the product in the column with its specifications (described above).
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How to Test a Trading Robot Before Buying
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TIPS FOR PURCHASING A PRODUCT ON THE MARKET. STEP-BY-STEP GUIDE
There are many questions from newbies (on official MetaTrader 5 facebook page for example) about where to start so I want to remind once again about the following:
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How to make a search on the forum
https://www.mql5.com/en/forum/193510
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And this is the key article related to Metatrader 5 (if you do not have time to read a lot of articles/forum threads so this ione articles with all the links may be enough to start using MT5):
MetaTrader 5 - More Than You Can Imagine!
Forum on trading, automated trading systems and testing trading strategies
Two ready-to-use Forex tools for your site: Web Platform and Economic Calendar
MetaQuotes Software Corp., 2017.06.29 12:28
We have launched another tool, which can be used to extend website functionality. In addition to the web platform, we offer a free Economic Calendar that can be added to any website.
The web platform allows traders to perform technical analysis and trading operations on different markets, including exchanges using the Market Depth feature, while the Economic Calendar significantly expands the capabilities of fundamental traders. By using these two web applications, you can meet the major needs of traditional traders. With the mobile versions of the applications, your website will also look attractive on mobile devices.
We keep expanding the functionality of these applications. Financial news and links to Forex services will soon be added to the web platform. Also the Economic Calendar will start featuring new indicators from the UK, Canada, Australia, Switzerland and other countries soon.
Despite the impressive functionality, the applications can be easily added to a website using a small code:
The customizable size support allows inserting the services to any part of a web page. Moreover, you can partner with a broker and receive an additional income by showing the broker's servers in the web platform.
Add the web applications to enrich your site content, attract new users and increase average visit time of your web resource. The new web functionality can ultimately generate additional income both direct and indirect.
Forum on trading, automated trading systems and testing trading strategies
how do i get set up from here
Sergey Golubev, 2017.01.09 05:52
Find a Server by the Broker's Name
Another convenient new feature of MetaTrader 5 is adding brokers' servers by their names. With the previous version, you had to contact your broker to find out the IP address of the trade server or download a special client terminal. Now, you simply enter the name of the broker. The system automatically finds the server with the specified name and adds it to the list.
Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
Sergey Golubev, 2013.09.20 08:21
Summaries :
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Forum on trading, automated trading systems and testing trading strategies
Phillip Futures becomes the first broker in Singapore to offer MetaTrader 5
MetaQuotes Software Corp., 2017.07.07 14:01
Phillip Futures, member of the PhillipCapital Group based in Singapore, is pleased to offer the MetaTrader 5 platform to their clients. This makes the futures and forex broker the first in Singapore to adopt the new-generation multi-asset trading platform.
The key feature of MetaTrader 5, other than its multi-asset capability, is the Expert Advisors (EA) programming that helps to analyze price charts and enables automatic trading. Other than utilizing EAs to trade forex, clients can apply the same EAs to other asset classes which the Singapore broker plans to introduce in the near future.
Phillip Futures explained that they have chosen this platform due to its popularity globally and ease of use. MetaTrader 5 boasts advanced technical analysis and algorithmic trading tools, offers possibilities to build and create complex trading strategies, and can work from any web browser or mobile device. Another important advantage of the platform is a large community support, where traders can exchange ideas and strategies.
Teyu Che Chern, Phillip Futures
"Our clients are getting more sophisticated, so they seek an all-encompassing trading system," explained Teyu Che Chern, Chief Executive Officer of Phillip Futures. "MetaTrader 5 is the answer to our clients’ need for a multi-functional trading platform that equips them with more innovative tools to trade forex."
"We are delighted that the partnership between the Singapore broker Phillip Futures and MetaQuotes Software is dynamically developing," commented Gaies Chreis, Chief Operating Officer of MetaQuotes Software Corp. "Responding to traders' needs, brokers around the globe actively switch to the MetaTrader 5 platform. Our presence has especially expanded in the Asian market. It is undoubtedly a rational choice, since the full-cycle MetaTrader 5 platform is the best solution for organizing a brokerage business in any financial market."