Abc of forex trading ratings
Do you like the article? Share it with others - post a link to it! Use new possibilities of MetaTrader 5. We know from our history textbooks that money was not used in ancient times trading there were natural economies and direct barter of products. Genesis invention of money itself became a abc step forward for the human history. It trading people to exchange practically everything using forex universal article of merchandise - the money. While the form of that universal exchange article varied from country to country and from epoch to epoch, money was always a rather rare article that could be broken into parts and also could be stored and transported easily, for example, gold or silver. And, of course, every country now has both its own history and customs and trading own currency - a form of monetary resources. But already in remote antiquity, there were trading relations between countries, and merchants carried their goods from one country to sell them in another country. The goods were exchanged for either local goods or a universal equivalent, for instance, coined gold. Nowadays, precious metals are not practically used as a payment vehicle, so countries use ratings rates in their payments. The exchange rate sets the price of a currency unit of one country in currency units of another country. Thus, for any two freely convertible currencies it is possible to calculate their exchange rate. The name of a currency pair a financial instrument, symbol in the MetaTrader 4 Client Terminal is written as a combination of currency name abbreviations. For example, EURUSD is the rate of euro in US dollars, GBPJPY - British pounds in Japanese yens, i. Forex it is possible to make trades using various currency pairs, the trading result is always written in only one currency abc the deposit currency. If the deposit currency is US dollar, profits and losses will be shown in US dollars, if it is euro, they will be, of course, in euros. You can get information about your deposit currency ratings the AccountCurrency function. It can be used to convert the trade results into deposit currency. When exchanging one currency for another one, they use forex notion of "lot". Lot is the amount of goods bought or sold. A lot can have different values for different currency pairs. At present, the most currency pairs have the lot value equal to One hundred. But of what? When we buy, we give money for goods. When we sell, we get money for goods. But with currencies, we buy and sell simultaneously since we get one currency for another one. Ratings is why it is common practice to consider that we get the first currency of the pair when we buy and give, respectively, the second currency. A standard forex for EURUSD is euros. If we buy one standard trading of EURUSD, it means that we get euros and give a number of US dollars. How can we calculate the amount of US dollars then? Let's replace euros with US dollars in the expression: Thus, having bought one lot of EURUSD, we get euros and give US dollars. They sometimes say - euros were bought and US dollars were sold which means EURUSD was bought. You can get information about the price of a standard lot for a currency pair from the contract specification, as well as using the MarketInfo function, for example:. It is written in the Help files: The base currency for CHFJPY is Swiss franc, and the price of one lot will be expressed in Swiss francs, respectively. Let's consider another example. We bought 1 lot of EURUSD at 1. The current price is 1. Write down the Balance:. Profit resulting from the operation on EURUSD is expressed in US dollars, i. Try to calculate the results of another trade by yourself: What profit will be obtained as a result and n what currency? Trading on financial markets is attractive for it allows traders abc profit from leverage. In our example with buying one lot of EURUSD, we would have to have over US dollars at the rate of 1. Most brokers allow traders to use so-called 'leverage'. The value of leverage shows how many times less capital should be available to open a position. The amount of money necessary to open a position is named margin. Without leverage, one lot of EURUSD costs euros, or US dollars at the rate of 1. If your broker provides you with the leverage ofthe amount of money necessary to open a position will be decreased times and make US dollars. The profit we have already calculated remains the same. You can see the leverage value on a given trade account using function AccountLeverage. Thus, the margin for opening one lot is defined as:. Price of the symbol base currency in terms of the deposit currency is the ratio between the symbol base currency and the deposit currency. If the leverage is abc tothe margin will be two times smaller - For a leverage of ten, the margin will be:. Thus, the leverage size influences only the margin size necessary to open a position, but does not trading the profit size obtained when trading by one contract. It should also be reminded that the margin size in euros deposit currency will fluctuate together with abc EURGBP rate since the symbol base currency is British pound. Currency pairs on Forex differ from each other not only by their special movements, but also by the number of decimal places in their rates. For example, the rate of GBPJPY, as of the 29th of Decembermade The amount of decimal places accuracy can be set using function. Correspondingly, the minimal price change for different currency pair will differ, too. This value is usually equal to 0. The value of the minimal price change in the quote currency is named Pointand it can be obtained using function: To evaluate risks, the trader must know the size of loss for an open position when price is moving to forex certain amount of points. Or vice versa, calculate the acceptable loss size in points on the loss size in money terms. For this purpose, he or she can use function. Below you can see the script that shows data for functions considered above on twelve currency pairs. It must be noted that custom function MarginCalculate of this script returns the ratings of one standard lot at the Bid price selling price. The script below allows one to learn how to apply MQL4 functions to use in Expert Advisors algorithms of Money Management and Risk Management. Translated from Russian by MetaQuotes Software Corp. This is my idea how to send your trade signal as RSS FEEDSa famous way to communicate with your community's members right now. An example of hedge Expert Advisor is just presented in this article. It always moves the same way, easier to set the hedging order type. In this article ratings author dwells on some means of increasing indicators' informational value for visual trading. The ratings analyzes the realization of tricolor indicators, indicators, for building which data from other timeframes is used, forex continues to dwell on the library of indicators, described in the article "Effective Averaging Algorithms trading Minimal Lag: Cluster indicators are sets of indicators that divide currency pairs into separate currencies. Indicators allow to trace the relative currency fluctuation, determine the potential of formating new currency trends, receive trade signals and follow medium-term and long-term positons. MetaTrader 5 Examples Indicators Experts Tester Trading Trading Systems Integration Indicators Expert Advisors Statistics and analysis Interviews MetaTrader 4 Examples Indicators Experts Tester Trading Trading Systems Integration Indicators Expert Advisors Statistics and analysis. MetaTrader 4 — Examples. Introduction Working on ratings markets represents, first of all, trade operations. We all, starting from the very forex, have an intuitive idea of what is to buy and to sell. But Forex trading is still something special. This article deals with the ideas necessary to explain some terms. We will also consider the MQL4 functions that correspond with those terms. Write down the Balance: Buying 1 lot abc EURUSD at 1. Selling 1 lot of EURUSD at 1. Resulting profit of the operation: Thus, the margin for opening one lot is defined as: AccountCurrency returns "EUR" AC. AccountLeverage returns 50 AL. How can we calculate the price of the GBPJPY contract at the present moment M? If the rate of EURGBP is 0. For a leverage of ten, the margin will be: It must be reminded that one-point price will change for currency pairs, the second value of which is not deposit currency. Attached files Download ZIP. All rights to these materials are reserved by MQL5 Ltd. Copying or reprinting of these materials in whole or in part is prohibited. Sending Trade Signal Via RSS Feed This is my idea how to send your trade signal as RSS FEEDSa famous way to communicate with your community's members right now. The Basic of Coding A Hedge Expert Advisor An example of hedge Expert Advisor is just presented in trading article. Tricolor Indicators and Some Opportunities for Maximal Simplification of Writing Indicators In this article abc author dwells on some means of increasing indicators' informational value for visual trading. Theoretical Basis of Building Cluster Indicators for FOREX Cluster indicators are sets of indicators that divide currency pairs into separate currencies.
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