Forex Trading Discussion
1) How
can I see all the currencies pair traded in the platform?
Go to market watch and right click on the symbols and select the currency pair
and click on the show and same currency pair will be shown on the market watch.
2) Can
I open more than one live accounts?
Yes, more than one accounts can be opened
3) Can
I use more indicators other than default indicators?
Yes,
you can use more indicators other than default indicator. Either u can download
the indicator from internet and Execute it and a executable file is created.
Copy paste both the files in My Computer<Program Files<FX Central
Trader<Experts<Indicator then restart the platform and the indicator can
be seen on left side of the screen in navigator or press ctrl+n to see the
navigator.
4) Is
there any tax charged on the income from Forex trading?
As
different country have different tax policy so it is better to consult your own
tax consultant.
5) Does
this platform work on iPhone or iPad or Android?
Currently it doesn't support any mobile operating
system but we are working on it and shortly it will be it available for mobile
operating system.
6) Can
I use Meta Trader 4 platform on Macintosh?
No, Currently we don’t support Macintosh but we are
working on it and shortly we will provide the support for Macintosh.
7) Take
profit was not executed or pending order didn't open, through the price reached
the level, specified in the order, what is wrong?
It is necessary to take into consideration that
quote consists of two prices- Bid price and Ask price. All charts in the
terminal are formed by Bid Prices.
Sell order is open at the lowest price of the quote-
Bid and closed at the highest one- Ask.
Buy order is opened at Ask price and closed at Bid
price.
For instance you
For Sell order take profit is set at 1.3125. Price
on the chart reached 1.3124, but the order didn't close at take profit. Chart
displays Bid prices, but sell order is closed at Ask price .
(Ask= Bid + Spread)
Thus When Bid=1.3124, Ask =1.3127
In other words minimum price for your order was
1.3127, so it didn't close.
8) How
can I see my trading history in my trading terminal?
Choose Account history tab from the Terminal window in the
trading terminal. Right-click on any place of Account history tab, choose All
history or set a necessary time period by choosing Custom period, Last month or
Last 3 months.
9) I try to set stop loss but the terminal shows
error like invalid stop or invalid S/L or T/P?
You didn't take
Limit & stop level into consideration when setting Stop Loss order. Limit
& Stop level is a price range (in points) from the current market price.
Within the range Stop loss, Take profit and other pending orders cannot be set.
If you try to set a pending order inside the price range, the server will
return the "Invalid stops" message and will not accept the order.
Or you try to set
Stop Loss order incorrectly in respect to the current price:
In case you add Stop Loss order to Sell order, Stop Loss must be set higher than the current price with spread and Limit&Stop level (see above) taken into consideration (in the terminal all charts are formed by Bid prices, but Sell order is closed at Ask price).
In case you add Stop Loss order to Sell order, Stop Loss must be set higher than the current price with spread and Limit&Stop level (see above) taken into consideration (in the terminal all charts are formed by Bid prices, but Sell order is closed at Ask price).
In case you add
Stop Loss order to Buy order, Stop Loss must be set lower than the current
price with spread and Limit&Stop level taken into consideration.
10)
How can I save my
custom settings in the terminal?
In order to save your custom settings use the
Save profile feature. Choose Profiles in the File menu, then click Save as. Set
a profile name. Your settings will be saved to the Profiles subfolder in the
trading terminal folder on your hard drive. Create a reserve copy of profile
files if necessary, then copy it back to the Profiles folder.
11) Will be my trading account be deleted if I
don’t use it for some time?
If a trading
account is not used by a client for 90 days, such account becomes unavailable
for trading. After the specified period if a client doesn't perform any
activities in relation to an account and doesn't use it, such account is
archived. An account will not be archived if its balance exceeds $100, there
are opened positions or pending orders on it. To make an account available
again it is necessary to contact the Client support department via email asking
to recover the account from archive.
If there is no
deposit to the account within 10 working days after account opening, the
company has the right to transfer such account to archive
12)
What time is shown
in the FXCENTRAL Trader 4 terminal?
The trading terminal time is
GMT+1.
The trading terminal works on
GMT +1 time. On Monday trading starts at 00:00 and stops at 23:00 on Friday.
In
such case make a right click on the Market Watch window and choose Show all or
Symbols. Choose the instrument you're interested in from the Symbols window and
press Show.
Such situation is possible if you try to generate a
new order, with the previous requests for position opening/closing/change being
not yet executed.
Just restart the trading terminal to solve the problem.
Just restart the trading terminal to solve the problem.
Limit & Stop level is a price range (in points)
from the current market price. Within the range Stop loss, Take profit and
other pending orders cannot be set. If you try to set a pending order inside
the price range, the server will return the "Invalid stops" message
and will not accept the order.
Please take into consideration that the first value
of Limit&Stop level is valid in the frame of normal market conditions. The
second value is valid during important economic news periods.
If you open the New order
window in the trading terminal, but Sell and Buy buttons are not active (grey),
try to change the lot volume. Maybe, the lot volume you have set is lower than
the minimum possible volume or higher than the maximum volume specified for
certain account type. Additionally, make sure free margin on your trading
account is sufficient for opening position of such volume.
18) How can I run expert adviser in the terminal?
Before you launch trading
terminal, please, copy expert adviser files to the Experts folder in the
MetaTarder folder on your hard disk drive. For instance, C:\ Meta Trader\Experts.
If you wish to install a new indicator, copy Indicator files into the
Indicators sub folder in the Experts folder: for instance,
C:\ Meta Trader\Experts\Indicators.
Launch the platform. Choose an
expert advisory or indicator you need from the Navigator window, drag and drop
it on a chart.
19) Can I save the particular
setting of a chart rather than changing it every time?
Yes you can save the setting
of the chart in the form of template by going to charts<template<save
template and can u use the setting by one click.
20) Can we change the default
value of lot size?
Yes, we can change the default
value of lot sizes by going to Ctrl+O < Trade<Lot Size.
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