How to make your first trade?
The big moment has arrived. Here’s what you need to do to make your first trade.
If you don’t already have an account with Forex4you, open one today and start trading!
Choose your currency pair
Analyse the market and select a currency pair that you want to trade. Decide which currency you think will go up, and which one will go down.
Decide on your deal volume
Choose the amount of currency you want to trade. The more volume you trade, the more you can earn or lose. If you’re a beginner, we recommend that you make small trades.
Set your profit goals
When you make a trade, you should set a profit target. When this target is reached, your position will be closed automatically, and your profit and original stake will be transferred to your account.
Set your loss limits
Similarly, you need to decide how much you’re willing to lose. Set this and once again your position will be closed automatically once the price reaches this limit. Your remaining stake will be transferred to your account. Remember not to risk all your money.
Check again and place your order
Look at the parameters you’ve just selected. Make any changes that are needed. Confirm that the price you wanted is still available; the price is only available for a short time and may have changed. If it has changed, decide if you still want to trade. If you do, place your order.
As soon as you enter your order, the data is sent to our servers. We check the details and execute your order right away. Once the deal is made, we send you a confirmation, and your open position appears on your trading terminal.
Close your position
Once the price reaches a point where you want to sell, close you position and we will transfer the money to your account. Note that your account balance does not reflect your profit or loss until you do this.
Your position will be closed automatically if the price reaches the profit or loss limits you set.
You’re not limited to one open position at a time. You can open as many as you like, as long as you have enough money in your account. To do this, repeat the steps above for each trade you want to make.