Stop loss is an order that closes your trade when it reaches a certain negative result. Both parameters can be set either when you open a trade, or after it has been opened. There are two ways to set the orders when a position has been opened:. A trader examined the crypto market before the beginning of a working day.
He had several considerations on Ripple and Bitcoin. The trader placed a Ripple long position. His second position was a Bitcoin short one. An Olymp Trade user can implement take profit and stop loss orders without any time limit. They are designed to optimize your trade and time resources, and all you have to do is to suggest a lot of investment ideas and get the results. Start trading.
This MetaTrader 4 tutorial will teach you:
Short Trades. Halal accounts on Olymp Trade. Username or Email Address. Remember Me. Not to waste time or money. A link to the chat can be copied, which is very convenient if you need instant access to the chat. Social trading became even more convenient as the whole of information is graphic and available in a few clicks only.
The information trading menu provides basic information on trades and allows changing them. It may be used for not only closing a trade, but for modifying it too: place stop loss and take profit orders or increase a volume of a position. Here you can top up an account with virtual money too. Having clicked on it, you will be invited to register and make a real deposit, or to increase your virtual deposit.
OrderModify - Trade Functions - MQL4 Reference
The Social Trading system can be tested in a demo mode without registration too. You need to enter your full name, phone number, email address, trading account currency, and password. You can fill in information in any language. Once your profile has been created, you need to provide as much information as possible: it will come in handy when you decide to become a manager trader, at least. Attention: You can postpone your verification and the functions of the platform will be still available.
But personally, I prefer order in everything. Three additional sections appear in the left menu after registration: Finance and MetaTrader. MetaTrader is a section for downloading a desktop version of the platform if you still want to use it. The subsection provides general trading information: average trade size, number of instruments used, frequency of opening trades. It will allow a potential investor to have a general picture of a manager. Contains information on how to top up an account bank cards, payment systems, cryptocurrencies. Deposit and withdrawal history can be seen in the respective section.
You can control the display mode using the button outlined in red in the picture below. In the window that opens, you see all manager traders whose trades can be copied blue button. Copying will be automatic, within the limits of a deposit allocated to each of the traders. Also, you can choose automatic Copy stop terms for each copy type: once the maximum loss or profit is reached. At the bottom of the screen, you can see a current volume of assets, assets used and assets available for trading.
I activate the "Portfolio" menu where I can see the managers chosen. Pay attention to a type of copying. Social Trading will be interesting for professional traders too as they can earn not only from trading, but also receive a commission from the investors who copy their trades. Note that we will provide you with a new free Challenge every time you meet all the Trading Objectives regardless of whether that is Challenge or Verification except for the Profit Target.
To receive the new FTMO Challenge for free, your account profit must be positive at the end of the duration with all positions being closed. You can even try the entire process completely free of charge. Find out how you can benefit with FTMO. For this reason, we have hired a qualified performance coach in our team. Our performance coach will lay down some particular questions specific to every individual and will try to guide you to understand the problems.
Frequently Asked Questions
Mutual cooperation should result in a long-term solution and eliminate unwanted manners and consequently lead to better trading results. Some of them will help you with discipline, while others can assist with journaling or a nalysing the markets. Learn more about our awesome Apps. As soon as we decided to create this project, we knew that we have to offer our traders an unbiased look at their trading results. Because it does not matter if the trader is a beginner or a professional, another opinion is always invaluable. For many traders, trading is also a lonely activity where many times, even your closest ones do not understand what you do on your computer for so many hours.
Stop Loss and Take Profit
Communication with traders is absolutely essential for us. We strive to assist not only in the process of becoming the FTMO trader but also after that. Our qualified customer support specialists are always there for you via email, phone, or live chat. In addition, we organize educational webinars on advanced trading topics and cooperate with well-known traders and mentors. FTMO platform with a wide choice of assets across the board, with very low commissions and super-raw spreads.
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Trade your own trading strategy with no limits or restrictions. You can use EAs, hedging or trade discretionary. No recurrent charges, no membership or other hidden fees. Moreover, the fee is automatically reimbursed to you with the first profit withdrawal. Our Customer Support team communicates in 13 languages. Access to in-house developed trading applications and support from our Performance Coach. A thorough analysis of your trading account with constructive feedback from our company.
I can not speak highly…. All I have to do now is to trade responsibly. December 8th was the first time I asked for my profit split and the man who is responsible for giving me…. Be it their technical support, trading systems or the payment reimbursements, then act with high integrity and efficiency. I am very happy to be associated with FTMO. Got Funded and received profit using bank wire transfer as well as the refund for the challenge. They are fast with the payment. Would say it a very good place for you to learn trading with discipline as you would not want to loss the account after passed the challenge which is very good if future you got your….
I have just completed my first month of live funded account. Though I ended up with no loss and a little profit, I got first payment by refund of my challenge fee promptly! I believe FTMO is the best prop firm so far. I passed my Challenge and Verification stages after two attempts and went live three days after submitting my documents which was quite commendable. I finished the challenge and verification just in time for Christmas, after my first month January I made my first withdrawal which was processed the same day along with the challenge fee refund. I am in the verification process.
I am sure I will make it.
Close by Opposite Positions
Would say it a very good place for you to learn trading with discipline as you would not want to loss the account after passed the challenge which is very good if future you got your own fund…. Thank you to all the team and Otakar at FTMO, so far they have allowed me to become a full time trader and to enjoy the passion it brings. Otakar and the team are highly professional and always make the time and effort to deal with any issues you have. They have….
I did a lot of research before deciding which company to go with and these guys were the clear winners.