📚Educación
How to Trade Forex Signals?The signs look like this:
AUD/USD
SELL 0.7148 (Entrance price)
TP 0.7128
TP 0.7098
TP 0.7048
SL 0.7313
Contenidos
How to trade with signals in Meta Trader 4
You can use the following method to protect your profits:
- We give the order to Buy or Sell, pay attention to put the TP and SL correctly
- We observe how the market advances, when we are at about 15 pips of profit over the entry value we will have to change the SL to the entry price and change the TP to 2 (50 pips of profit). With this we protect the operation in case the market changes due to some unforeseen event.
- If the price continues as planned and we manage to be 5 pips away from TP2, we would have to change the SL to TP1, with this we manage to ensure 20 PIPS of profit in case the market turns. And we would change the TP to 3 (100 pips of profit).
- If the market turns around and touches TP1 we will have gained 20 PIPS, if the market continues to rise and . we get about 65 PIPS of profit, we would have to change the SL to TP2. At this point we will have achieved at least 50 PIPS, and if the market goes as planned and touches TP3 we would gain 100 PIPS
Which Broker Use?
Register with the broker by clicking here.
In the European brokers entered a regulation on August 1, 2018 that affects Europe and the United Kingdom, this regulation does not allow a leverage of more than 1:30. So we would need much more capital to get the same benefits
Recommended Broker
Which lots should I use?
250 deposit: operations of 0.02
500 deposit: transactions of 0.05
1000 deposit: operations of 0.10
2500 deposit: operations of 0.20
tip
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