Cutting losses short and letting your profits run are the most discussed topics in the forex market. Reducing your losses is probably a more straightforward thing to do. If you see that the price is not going where you have anticipated but has turned around and moved against you, you would likely close your position even if the price hasn’t triggered your stop-loss order yet. On the other hand, it is much more challenging to let your profits run, as you never know whether the price will reach your anticipated target or start reversing before that.
It is disappointing to find the message “Trade disabled” on your MT4 platform. However, that is not fatal, and you can solve it by finding the reason for disabled trading and fixing it. In some cases, if the market is closed, there is nothing to resolve, but if the market is open and your trading functionality is disabled, you have to know what the issue is and how to solve it. In this article, we will look a the main reasons why trading can be disabled on the MetaTrader 4 platform and what to do to enable it.
MT4 has a rich tool base that traders can take advantage of. One of them is the possibility to place trendlines on charts. Whether you are trading a trend, range, channel, or any other trading strategy, you can easily benefit from MetaTrader 4 trendline drawing tools. Here is the scope of the article to answer these questions and show you how to do it.
In this article, we are going to delve into the topic of how you can change leverage on the MT4 platform. Leverage enables traders to operate more significant amounts of funds on their balance. Basically, it is trading using borrowed funds, usually from your broker or their liquidity provider (most likely banks). 1:100 leverage means that a trader can trade with funds 100 times higher than he actually has, or in other words, for every U.S. dollar that he has, he can open a $100 position. That’s the power of leverage that you can harness for better or worse.
Many brokers often offer locally created web, desktop, or even mobile platforms for their users. However, none of them could be a match for the MetaTrader (MT4) platform, which has been a favourite choice for millions of traders since 2005. Even though it is by default used as a Forex platform, you can trade other financial assets such as indices, commodities, cryptocurrencies, or even stocks.
Forex is the largest global financial market with around $6.6 trillion daily volume. Obviously, investors who seek to employ their money and achieve the most significant returns are lured to get invoiced in currencies and take a slice of that ever-growing $6+ trillion pie. Yet it is the challenge that many have taken and failed.
According to official data, around 70%-90% of Forex traders lose money. It is not that easy to climb to the top. However, there are a few ways to do that; one is an active approach, the other is more passive.
If you are looking for an easy way to start trading Forex, then MetaTrader 4 is a great option. The platform has been designed with beginners in mind and it offers all the tools you need to make your first trades. So if you want to learn to trade Forex without investing any money, this is the perfect solution!