Cannot make an trade on metatrader 5

 
So my problem is that i cannot make any order on a metatrader. I've made an account few hours ago and depositet the minimum amount but still cannot make any trade. The "New order" button is grey.
 
Daniel “Danko”: So my problem is that i cannot make any order on a metatrader. I've made an account few hours ago and depositet the minimum amount but still cannot make any trade. The "New order" button is grey.

Judging from your words where you say you created an account a couple hours ago and have already funded it, I question the quality of the broker you have chosen.

With a solid, reputable, licensed and regulated broker, there is a usually a more lengthy process where one has to prove identity and address which usually takes some time, before one can even fund an account.

Did the broker not request various documents to validate your Identity, your address, your bank details, etc,?

Did you take the time to do the proper research, choosing a reputable broker, where you contacted the regulatory body and verified that your broker's license is real and valid?

PS! Please do NOT mention your broker by name. It is against forum rules!

And by broker, I mean a true financial trading institution and not some "broker agent" that contacted you on some social network or forum.

Forum on trading, automated trading systems and testing trading strategies

Tips to avoid being scammed …

Fernando Carreiro, 2022.06.07 14:40

Be it by fake agents, brokers, signals, or EAs, there is one weapon to beat them all — knowledge! Your knowledge is the key to prevent you from being scammed.

Invest and take time to improve your knowledge, to gain experience and improve your skills. Learn to do things for yourself and not to rely on others so much. You don’t have to be a master or even be very good at it, but the more you know and understand, the easier it will be for you to detect when something is not what it seems to be.

Learn how brokers work and how they are licensed and regulated. Learn about the different markets, trading conditions, types of accounts, leverage, and when you don’t understand something, ask first about it and get answers from different sources. Don’t just blindly accept things.

Learn to trade manually, even if you intend to use signals or EAs. You don’t have to be very good at it, but you need to understand all the different concepts of how orders are placed, how they are triggered, how to manage them, how to calculate and manage your risk, and all those pesky little details required to trade manually. Only then can you better evaluate the signals you wish to follow or the EAs you wish to use.

If you are going to hire someone to code your EA for you, then take some time to understand how coding works and some basic knowledge about it. Again, you don’t have to be good at it, but the more you understand, the easier it will be for you to communicate with the developer and provide valid, realistic requirement specifications and to understand how much work is involved as well as its value and how much to budget.

Also, learn to use the Strategy Tester properly and how to interpret the results. The better you understand it, and the more you use it, the easier it will be for you to evaluate the results from EAs you are considering.

So, in conclusion, don’t be a greedy idiot quick to jump onto anything “shiny”. Instead, be wise. Take your time. Invest in your knowledge and skills. Choose carefully.


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