Can I Close my positions in the order I Choose?
Effective September 13, 2019, on FOREX.com’s platforms you have the flexibility to close positions in the order you choose as long as the quantity of each position varies. Learn more Please note that on MetaTrader, all positions must be closed on a FIFO basis regardless of position quantity.
How do I contact the Forex dealing desk?
It is important to remember that Dealing Desk phone lines are reserved for dealing/order purposes only, and that proper Phone Dealing Procedures be observed at all times. All other inquiries, such as account issues or general information, can be addressed through 1.908.731.0750 or 1.877.FOREXGO or via email: firstname.lastname@example.org.
What is the “common error” in MetaTrader 4?
SEARCH Knowledgebase: MetaTrader 4 Tutorials How to fix the “Common Error” in MetaTrader 4? Posted by on 13 June 2014 03:19 PM Howto fix the “Common Error” in MetaTrader 4? There are different reasons for occurring the “Common Error” message in MetaTrader 4. It occurs mostly due to slow internet connection or no connection.
When do my EOD and GTC orders expire?
EOD orders automatically expire at 5pm New York time on the same day the order was entered. Good ‘til Cancelled (GTC) orders automatically expire on the Saturday following the 90th calendar day from the date the order was entered.
What does common error mean in forex?
This is a signal error that indicates that there is a connection issue occurring between the trading terminal and the account servers, whether it be critically slow or no connection at all.
Why am I getting common error on MT4?
Sometimes, a lower internet speed may also cause the MT4 connectivity issue. Besides Windows 10, the same rules apply to other devices (Mac, iOS, Android) to troubleshoot the no connection problem on MT4. Applying inappropriate login parameters is a typical mistake that causes the MT4 common error.
What should you not do in forex trading?
Before you take the plunge, consider these 10 common mistakes you should avoid, as they are the main reasons new forex day traders fail.If You Keep Losing, Don’t Keep Trading. … Trading Without a Stop Loss. … Adding to a Losing Day Trade. … Risking More Than You Can Afford to Lose. … Going All In (Trying to Win It All Back)More items…
What’s the hardest mistake to avoid while trading?
Trading without a trading plan. Every trader needs a trading plan. … Trading too much, too soon. … Emotional trading. … Guessing. … Not using a stop-loss order. … Taking too big positions. … Taking too many positions. … Over leveraging.More items…•
How can I get my FTMO funded?
5:4614:36Get Funded Fast | Complete FTMO Strategy – YouTubeYouTubeStart of suggested clipEnd of suggested clipOn a new minimum 10 trading days in order to move on to the whole full funded. Account they alsoMoreOn a new minimum 10 trading days in order to move on to the whole full funded. Account they also have 60 days as well so and that’s that’s the reason they have going from 30 to 60.
Why is my MetaTrader 4 not working?
Take a look at the bottom right of the platform. If you see a message such as ‘invalid account’ or ‘no connection’, check your login details and try to log in again. Remember to use your MT4 details, not your normal IG details – you’ll have a five or six-digit account number for MT4.
Is Forex trading a gambling?
Forex trading is considered by many to be nothing more than gambling. After all whenever you take a position in a particular currency pair, you are essentially betting on the price to either go up or down by taking a long or short position.
Why do most forex traders fail?
Poor risk management, and even worse, no risk management is a major reason why Forex traders lose their money quickly. Risk management is key to survival in Forex trading including day trading. You can be a good trader and still be wiped out by poor risk management.
Can forex make you rich?
Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.
How do I stop revenge trading?
Take a step back and learn what went wrong in your trading, write the lesson down so you do not make it again. Identify the triggers. Revenge trading might be triggered by different factors in every trader. Acknowledge them so you prevent yourself from letting them taking control of your trading.
What is the golden rule of trading?
TRADE FOR THE LONG RUN The first golden rule of trading is ‘there is no short cut to quick earning’. Investors should follow a process to reach their financial goals, which include financial constraints and a strategy that help match your goals with those constraints.
What are the common mistakes made by investors?
Here are the seven biggest investing mistakes they say are the most common.Constantly watching the markets.Chasing the trends.Following bad advice from social media.Not giving your investments time to grow.Investing money you’ll soon need.Having unclear investing goals.Delaying investing altogether.
How are orders executed?
Orders are executed at the best available price at the time the order is received.
What are my options for closing open positions in a market?
Effective September 13, 2019, on FOREX.com’s platforms you have the flexibility to close positions in the order you choose as long as the quantity of each position varies. Learn more
Can I place trades over the phone?
1. Immediately state your account number and verify security information.
Do orders expire?
Pending orders, such as stops and limits, can be executed End of Day (EOD) or Good ’til Cancelled .
Why was my position closed?
You are responsible for monitoring your account and maintaining 100% of required margin at all times to support your open positions.
What is slippage?
Slippage is when an order is filled at a price other than the requested price.