Forex brokers in lagos

How to set stop loss and set take profit when buying selling in Forex? From the technical point of view, it depends on the trading platform you use. On the price chart - mouse Right Click. Go to 'Trading', 'New order'. You will have a new window with order specifications. Symbol - the currency you'll be trading Volume - how many lots you'll be buying Stop loss - you need to put the price you want to be stopped at in case a trade goes against you. Take profit - your profit goal. Comment - leave it blank.

Type - leave it as Instant execution. Then you have two buttons: Press one of them. You have a new trade open. You will be able to see it on your chart and also you can check menu 'Trade', located below your chart.

If you now try to Right click on this trade, you will have an option to 'Modify or Delete order', where you'll be able to change your trading preferences.

WHAT IF A TRADER STARTS TRADING BY BUYING AT THE LOWEST, LETS SAY, EXCHANGE RATE AND STOPS WITH THIS POSITION AT THE END OF THE DAY? TO SELL AT A HIGHER LEVER RATE OR IS THIS A "COMPLETE" ACTION BY ITS OWN?

WHAT IF HE MAKES ANOTHER POSITION ANOTHER DAY SAY, NEXT DAY SO AS TO "COMPLETE" HIS PREVIOUS DAY'S POSITION BY SELLING AT A HIGHER EXCHANGE RATE? THANX IN ADVANCE SORRY IF MY QUESTION IS STUPID, I HAVE NOT YET STARTED PLAYING.

The best thing, of course, to get a Forex demo account and see how orders work. But, since you ave a question, let's answer it. When you buy at some price, you put so called "Buy order". This means that you now hold a currency that you bought, for example EURO. During the day the value of the currency will rise or fall. In order to realise the profits you've earned, you'd need to Close your "Buy order". On the trading platform it will simply be shown as "Close an order" or "Close a trade" etc.

What actually happens, you sell a currency you bought earlier, capitalising on the changes it produced while you were holding it. It can be a day, a few hours, a few minutes, a week, a month and so on.

I have asked this question before but i believe the construction of the question made me not to be understood. Please once again i want to know how i can set: All these are what to fill in for a pending order to trade fundamental analysis.

Please help me resolve this proplem of gap in knowledge. Just yesterday i placed a trade where i got up to 80 pips but because of difficulties of no being able to exit the trade, i lost the pips and even took some losses. Trading without TP and SL is like a car without break. The exact steps of setting a stop loss, take profit etc will depend on the trading platform you use.

Typically you have an option to set stop loss and take profit orders during the moment when you request to open a trade, either a market order or a limit order. In the new order window you should be able to see fields for stops and profit inputs. If you opt not to set stops and profit targets during the time when you were placing a new order, you always have an option to edit your existing order. Usually by doing Right mouse click on an existing trade line on your account you can see a menu option inviting to edit the order.

Finally, you always have the third option to close the trade here and now any time.

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Currency trading is a speculative market. You want to buy when the currency is cheap and then sell it when it becomes more expensive. Regarding the free book-make real money online by stephen pierce of where to find good buying and Selling opportunities, first open any free live charts of any currency pair.

Take a simple look and try to anticipate the next possible move. If this makes you exited and you want to learn what evaluation methods stand behind market forecasts, you've got an exiting world of Forex which is all about how and when to buy and sell. Read just about everything you can find. What are the best indicators one can use.

Is it go to us more dan two indicators in a trade. It is impossible can you buy penny stocks on fidelity name best indicators, every trader has different view of how the chart analysis should be done.

The best indicator is the price itself with Support and Resistance levels. So, if you want to take a forex brokers in lagos step towards success in trading, learn about the role of support and resistance in technical analysis. Another tool to get a good grip on is a trend line. Learning how and when to place a trade is very essential in FX trading. However, ther are various indicators.

Candlesticks, Parabolic SAR, Moving Average and RSI. Please how is it possible that the Parabolic SAR will be saying BUY while the Candlesticks are saying SELL. WHich one is more reliable. Why do market go agaist me each time i place trade?

Is it that i got it wrong or the platform owner uses some kind of soft ware agaist me? How do i determine the amount of pips to allocate to my stoploss and the trailing stop control inorder to lock in profits? I honestly don't understand why people would take a loss when they can wait for the currency to rise again.

The very next day,I gained back and even made a profit of 30 pips! Hello, I am new to Forex market so naturaly I have a mass of questions but ofcourse I will set only a few: Should I always use stop and limit? Is it more safe that way? How long should I wait to close the position? If I start with a EUR deposit scanf optional input big my margin should be?

If my trade goes against me when is the forex brokers in lagos time to stop it? Should I give it a chance to get back on its feet and start to rise again? Is that so huge risk? Candlesticks, should I study them very well? Are there any profitable strategies or is it based only acording our own anticipation and spectulative capabilities?

My brother, the good news is that i have become an authority in forex trading over the years after loosing three thousand five hundred dollars. To answer the smallest question first. It all depends on which currency comes first in the arrangement. On when to buy or sell, i must tell you that all the indicators are meant to deceive you. No broker wants you to ever make a penny in forex no matter your losses.

Even the trading systems you buy is only a deal to put money in the pocket of the seller. No one will ever tell you how to trade and make a profit, except me. No one ever told me. My paid trainers never did. So i learnt through the hard way and of course,God's guidance. The only system that tells you when to buy or sell is YOU. Now dont be disappointed with my answer as i will tell you what to do. The right decision is the simplest.

Now look at the chart. Is it trending upward or downward? If upward, buy ; and vice versa. Then check whether the trend started recently or will soon get to resistance level. This will guide you in taking your decision. Also check whether the chart is not trending; that is, a ranging market. Now buy and sell between the resistance levels.

Always confirm the change of direction before you do. This is the best guide you can get and it is for free. I am using MT4 platform but it seems it is programmed to give me an automatic stop loss of around pips. Sometimes the same is true of take profit.

MT4 tends to force me to take its own figures. What is the explanation. I am on a demo account. How long does a market trade last? Currently I'm trading on CNBC demo account and periodically my positions disappear, as if expiring, yet I cannot find out what the term is?

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How do I calculate stop loss and take profit when trading currencies? You assistance will be highly appreciated. Hello I need clarity on the issue of Value of a Position. My position was opened with 25USD and at My pips were around 10USD during the rolling over.

I have been in FX market for some time already. I am not an experienced trader but I am happy to answer questions you might have. Just email me on fxtradinggirl gmail.

I look forward hearing from you. What is FOREX Beginner trading Forex Brokers Forex Currencies Forex Indicators Forex Pivot Points Forex Systems Forex Technical analysis Fundamental analysis Leverage and Margin. Money Management Support Resistance trading Timing in Forex Trading platforms Useful Resources Educational articles. Paul Adenowo, Lagos Nigeria. How do you calculate for stop loss and take profit.

Thank You very much in advance!!! Hello Everyone, I have been in FX market for some time already. Would you recommend using the MT4. Are there any real differences and benefits Hi, I would like to ask about trend lines.

I read that if you draw a trend line you can then draw another line I would like to have one -on-one coaching. Where can I find the Camarilla indicator?

I prefer the New York open. What are the best trading. How do i start demo trading? As a newbie to Forex I read. I am using an expert adviser in metatrader. Does m30 time frame mean after 30 minutes it stops trading S based forex trading platforms and if non then why? Forex for Beginners Answering all your questions about Forex! Forex for beginners 1. THANX IN ADVANCE SORRY IF MY QUESTION IS STUPID, I HAVE NOT YET STARTED PLAYING The best thing, of course, to get a Forex demo account and see how orders work.

Forex for beginners I have asked this question before but i believe the construction of the question made me not to be understood. L Nigeria The exact steps of setting a stop loss, take profit etc will depend on the trading platform you use.

Forex for beginners i dont know when is right to place a buy or a sell pls help Would you recommend using the MT4 platform vs a regular one? What are the best trading platforms for beginners? As a newbie to Forex I read a great deal about how you should go with the Trend or the Tide and not with the ripple or wave.