We are now introducing the next one of the first concepts of trading. I have already explained in my recent posts how to do the basic of trading through the basic set up of robot trading – how to set up the portfolio according to the trade instructions. In today’s post we will discuss the trading process. You may know that there are many trading tools to trade Forex that can be accessed by computer users. For example, when you have entered a trade that you want to close, there are four factors in any of the four scenarios.
There are four scenarios to do the trading with the Forex. We will explain them in detail with different trading strategies. You can apply the trading algorithm based on your trading history and strategy preferences. If you have doubts regarding the trading procedures, try our free trading solution and you will be pleasantly surprised at how good you can become with our automated trading platform.
There are three scenarios in the trading process. They are:
(1) Do nothing
As a beginner in the trading process, you do nothing. You remain with the limits of the trading strategy. There is no requirement to have any forex to trade with the Forex. At this stage, there is no risk whatsoever. You can just choose the entry point and follow the instructions and you will be done within a minute.
(2) Do maximum
Just when you have almost achieved success in the trading by choosing maximum and you feel that you have got the hang of the whole process, the leverage or trading algorithm stops the trading. The explanation of leverage is below.
Buy low and sell high with leveraged trades is like buying low and selling high. If you have done everything correctly, you have bought when the price is cheap and selling when it is high. The maximum amount is dictated by the trading algorithm. In case of the trading algorithm, the trading program determines the maximum amount that you can sell in a single transaction. The highest possible trading price that you can achieve will be the trading strategy that you follow to achieve the maximum trading price. Read more click here!