The broker you choose is an important investment decision. Below are some points to look at when picking one:. Do your research and read our online broker reviews first. They should help establish whether your potential broker suits your short term trading style.

A ratio above 1 indicates that the company has more than enough assets to cover its liabilities, while a ratio below […]. It has been a long time since a bullish Sterling position versus the US Dollar could be contemplated, but we may be nearing that point. All the talk is of economic crisis as […]. Uphold has added 4 new staking assets Fantom, Harmony, Celer, SKALE and now has 7 crypto networks DOGE, ADA, HBAR, DOT, XDC, SOL, XLM. The latest additions mean new opportunities for budding crypto investors.

Staking Assets The new staking assets join the likes of Ethereum, Polkadot and Cardano and provide owners of crypto tokens with […]. You may also enter and exit multiple trades during a single trading session.

Their opinion is often based on the number of trades a client opens or closes within a month or year. Day trading is normally done by using trading strategies to capitalise on small price movements in high-liquidity stocks or currencies. The purpose of DayTrading. com is to give you an overview of day trading basics and what it takes for you to make it as a day trader.

From scalping a few pips profit in minutes on a forex trade, to trading news events on stocks or indices — we explain how. Day traders have access to multiple markets and ways to speculate on price movements. S dollar and GBP. Index funds frequently occur in financial advice these days, but are slow financial vehicles that make them unsuitable for daily trades. They have, however, been shown to be great for long-term investing plans. Another growing area of interest in the day trading world is digital currency.

Day trading with Bitcoin, LiteCoin, Ethereum and other altcoins currencies is an expanding business. With lots of volatility, increasing trade volume and an unpredictable future, day trading in cryptocurrency could be an exciting avenue to pursue. The massive volume of trades on the forex markets make them very attractive for day traders.

There are multiple short-term opportunities in a trending currency pair, and an unrivalled level of liquidity to ensure opening and closing trades is quick and slick. More suited to technical analysis, there are other ways to trade foreign exchange. In addition, forex has no central market. This means that forex brokers can offer currency trading six days a week, 24 hours a day.

Speculating on stock prices via CFDs or spread betting for example, mean traders can trade on falling prices too. Margin or leverage also reduce the capital required to open a position — but also increase risk. So you can take a position on the latest news release, product announcement or financial report — as well as technical indicators. Trading cryptocurrencies — such as Bitcoin and Ethereum — has become immensely popular due to their price volatility.

Spectacular growth has seen cryptos attract many new investors. Brokers are also ensuring retail access to these markets is easier and easier with constant innovation. Taking a view on any of these new blockchain based currencies is being simplified all the time. Barriers to entry are now almost nil, so whether you are a bull or a bear, now is the time. Binary Options are the simplest and most predictable financial instruments, as the timing and return on a successful trade are known in advance.

A trader only has to determine whether the price will be higher or lower after a set amount of time, e. g 1 minute? With the downside limited to the size of the trade, and the potential payout known in advance, understanding how binary options trading works is not difficult. Futures trading is about speculating in the future price of a commodity or security. For example, an airline company might secure future access to fuel at a specific price, if they fear that prices might go up.

If the fuel price does indeed go up, the price of the futures contract would also go up, and thus these contracts can be used for short-term trading.

When trading commodities you speculate on the current or future price of oil and natural gas, food stuffs, metals and minerals like gold. Trading in commodities is one of the oldest financial markets and still enormously popular. Recent reports show a surge in the number of day trading beginners. com exists to help novice traders get educated and avoid mistakes while learning how to trade intraday.

Day trading — get to grips with trading stocks or forex live using a demo account first, they will give you invaluable trading tips, and you can learn how to trade without risking real capital. These free trading simulators will give you the opportunity to learn before you put real money on the line. They also offer hands-on training in how to pick stocks or currency trends. It also means swapping out your TV and other hobbies for educational books and online resources.

Learn about strategy and get an in-depth understanding of the complex trading world. com is the ideal beginners guide to day trading online.

Both books will provide you with the basic day trading rules to live by. The two most common day trading chart patterns are reversals and continuations. Whilst the former indicates a trend will reverse once completed, the latter suggests the trend will continue to rise. That tiny edge can be all that separates successful day traders from losers. There are a number of day trading techniques and strategies out there, but all will rely on accurate data, carefully laid out in charts and spreadsheets.

Options include:. It is those who stick religiously to their short term trading strategies, rules and parameters that yield the best results. Too many minor losses add up over time. Part of your day trading setup will involve choosing a trading account. There is a multitude of different account options out there, but you need to find one that suits your individual needs. The brokers list has more detailed information on account options, such as day trading cash and margin accounts.

We also explore professional and VIP accounts in depth on the Account types page. Below we have collated the essential basic jargon, to create an easy to understand day trading glossary. Yes, you have day trading, but with options like swing trading, traditional investing and automation — how do you know which one to use? Day trading vs long-term investing are two very different games. They require totally different strategies and mindsets.

Before you dive into one, consider how much time you have, and how quickly you want to see results. So you want to trade full time from home and have an independent trading lifestyle? If so, you should know that this requires specialist tools and equipment to give you the necessary edge. Whilst it may come with a hefty price tag, day traders who rely on technical indicators will rely more on software than on news.

Whether you use Windows or Mac, the right trading software will have:. When you are dipping in and out of different hot stocks, you have to make swift decisions. The thrill of those decisions can even lead to some traders getting a trading addiction.

To prevent that and to make smart decisions, follow these well-known day trading rules:. Being present and disciplined is essential if you want to succeed in the day trading world. Recognising your own psychological pitfalls and separating your emotions is imperative. com exists because we could not find a reliable day trading school, university, academy, or institute that runs classes where you can get an all-inclusive day trading education.

The whole process of MTFA starts with the exact identification of the market direction on higher time frames long, short or intermediary and analyzing it through lower time frames starting from a 5-minute chart.

While technical analysis is focused on the study and past performance of market action, Forex's fundamental analysis focuses on the fundamental reasons that make an influence on the market direction. What and how people feel and how it behaves in the Forex market is the notion behind the market sentiment strategy. Forex trading strategies can also be developed by following popular trading styles including day trading , carry trade, buy and hold strategy, hedging, portfolio trading, spread trading, swing trading , order trading, and algorithmic trading.

Day trading strategy represents the act of buying and selling a security within the same day, which means that a day trader cannot hold a trading position overnight. Day trading strategies include:. In the case of performing day trading, traders can carry out numerous trades within a day but should liquidate all the trading positions before the market closes on said day. Important Note: The longer a trader holds a position, the higher the risk of loss will be.

Depending on the trading style chosen, the price target may change. Forex scalping is a day trading strategy based on quick and short transactions, used to make numerous profits on minor price changes. Scalpers can implement up to hundreds of trades within a single day — and is believed minor price moves are much easier to follow than large ones.

The main objective of following the Scalping strategy is:. Fading in the terms of forex trading means trading against the trend. If the trend goes up, fading traders will sell expecting the price to drop and visa-versa. Unlike other types of trading which target the prevailing trends, fading trading requires taking a position that goes counter to the primary trend.

The main assumptions on which fading strategy is based are:. The main concept of the Daily Pivot Trading strategy is to buy at the lowest price of the day and sell at the highest price of the day. Momentum trading is based on finding the strongest security which is also likely to trade the highest. The Momentum trading strategy is based on the concept that an existing trend is likely to continue rather than reverse.

Traders following this strategy is likely to buy a currency that has shown an upward trend and sell a currency that has shown a downtrend. Carry trade is a strategy in which traders borrow a currency in a low-interest country, convert it into a currency in a high-interest rate country, and invests it in high-grade debt securities of that country. The principle is simple- buy a currency whose interest rate is expected to go up and sell the currency whose interest rate is expected to go down.

Hedging is commonly understood as a strategy which protects investors from incidence which can cause certain losses. The idea behind currency hedging is to buy a currency and sell another in the confidence that the losses on one trade will be offset by the profits made on another trade. This strategy works most proficiently when the currencies are negatively correlated. Portfolio trading, also known as basket trading, is based on the mixture of different assets belonging to different financial markets Forex, stock, futures, etc.

The concept is diversification, one of the most popular means of risk reduction. The Buy and hold strategy is a type of investment and trading traders buy the security and holds it for an extended period of time. Pair trading spread trading is the simultaneous buying and selling of two financial instruments which relate to each other. The difference of the price changes of these two instruments makes the trading profit or loss.

Spread trading can be of two types:. Swing traders use a set of mathematically based rules to eliminate the emotional aspect of trading and make an intensive analysis. A false break occurs when the price looks to break out of a support or resistance level, but snaps back in the other direction, false breaking a large portion of the market out.

When prices begin to breakout higher a large portion of the market starts to look for the resistance to break and will enter long trades, often setting their stop loss on the other side of the resistance.

This style of trading is normally carried out on the daily, weekly, and monthly charts. As position traders, traders will often be trying to use the overall larger trend to gain the best positions and capture long-running trades. When the wick is longer than the body, Traders will know that the market is deceiving them and that they should trade in the opposite way.

This is a short-term strategy based on price action and resistance. The trade is planned on a 5-minute chart. How to profit? Choose an asset and watch the market until you see the first red bar. Then wait for a second red bar. If the second red bar closes lower than the first red bar, then it's a win.

Usually, what happens is that the third bar will go even lower than the second bar. This is the point where you should open a short position. A few more tips that are great to follow in your forex journey include:. Get Started! Price and trade data source: JSE Ltd All other statistics calculated by Profile Data.

All data is delayed by at least 15 minutes. Telephone number: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Top 4 Brokers. Comprehensive support and training, Global presence with a local feel, Uncompromising security, Advanced trading platforms. Forex Brokers. Forex Trading Platforms. Trading Platforms. Brokers by License. Brokers Types. Broker Reviews.

Brokers to Follow. Brokers by Account Type. Index Trading Platforms. Forex Trading South Africa. BEE Shares. Most Popular JSE Shares. Most Popular 20 Global Stocks. Build Your Own Share Portfolio. Open a FREE Trading Account. Open a FREE Trading Account Menu. Let's get into it… The first strategy to keep in mind is that following a single system all the time is not enough for a successful trade.

Foreign exchange is the process of changing one currency into another currency for a vast variety of reasons, including: Commerce Trading Tourism Forex, or foreign exchange, is explained as a network of buyers and sellers, who transfer currency between each other at an agreed price.

Min Deposit. Official Site. Visit Broker. User Score. Avatrade - 1 JSE Trading Platform. Time to open Account - Only 12 Hours Low Commissions Invest in any JSE Top 40 Share. Open a Free Trading Account. Louis Schoeman. Featured SA Shares Writer and Forex Analyst. Table of Contents. Kerford UK — Sign-up Bonus Global Prime Sign Up Bonus. Trade with a Regulated Broker. Useful Links. News Terms of Service Disclaimer Privacy Policy About Us Contact Us Advertise With Us Join SA Shares Forum. Follow Us.

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Many developers have accumulated a lot of indicators and trading strategies written in MQL4. To use them in Metatrader 5, they should be converted to MQL5. It's not so easy to rewrite all programs in MQL5. It would be much easier to convert them, if there were a translation-reference, and better with examples.

In this article I would like to suggest my version of a guide to migrate from MQL4 to MQL5. In MQL5 chart period constants changed, and some new time periods M2, M3, M4, M6, M10, M12, H2, H3, H6, H8, H12 were added. To convert MQL4 time periods you can use the following function:.

You should take it into account when converting to MQL5, if numerical values of MQL4 constants are used in MQL4 programs. To determine the number of minutes of the specified time period of the chart, divide the value, returned by function PeriodSeconds by The principles of use of the technical indicators in Expert Advisors are considered in the article MQL5 for Newbies: Guide to Using Technical Indicators in Expert Advisors.

The method, used in this reference is sufficient to get the indicator calculation results for the specified price. To use this method, we need the auxiliary function:.

Translated from Russian by MetaQuotes Ltd. This old article may , more than 11 years ago! Meantime, the popular mql4compat. A picture is good, but you need an MQL5 code. You need to insert the code using the button. You agree to website policy and terms of use. MetaTrader 5 Examples Indicators Experts Tester Trading Trading systems Integration Indicators Expert Advisors Machine learning Statistics and analysis Interviews MetaTrader 4 Examples Indicators Experts Tester Trading Trading systems Integration Indicators Expert Advisors Statistics and analysis.

Do you like the article? Share it with others — post a link to it! Use new possibilities of MetaTrader 5. Similar articles DoEasy. Controls Part 24 : Hint auxiliary WinForms object Adaptive indicators DoEasy. Controls Part 23 : Improving TabControl and SplitContainer WinForms objects DoEasy. Controls Part 22 : SplitContainer. Changing the properties of the created object Developing an Expert Advisor from scratch Part 30 : CHART TRADE as an indicator?

Introduction Many developers have accumulated a lot of indicators and trading strategies written in MQL4. Chart Periods In MQL5 chart period constants changed, and some new time periods M2, M3, M4, M6, M10, M12, H2, H3, H6, H8, H12 were added.

Attached files Download ZIP. mqh 7. Warning: All rights to these materials are reserved by MetaQuotes Ltd. Copying or reprinting of these materials in whole or in part is prohibited. Other articles by this author Developing multi-module Expert Advisors 3D Modeling in MQL5 Statistical distributions in the form of histograms without indicator buffers and arrays The ZigZag Indicator: Fresh Approach and New Solutions Calculation of Integral Characteristics of Indicator Emissions Testing Performance of Moving Averages Calculation in MQL5.

Last comments Go to discussion Kourosh Davallou 21 May at Kourosh Davallou 22 May at Maxime Francois Patrice Ritter 5 Sep at Hello, This old article may , more than 11 years ago!

Samson Mthande Mashabane 21 Nov at Hi I am struggling with these functions please see below I keep on getting these errors. Please help resolve it. Vladimir Karputov 22 Nov at Samson Mthande Mashabane : Hi I am struggling with these functions please see below I keep on getting these errors. Practical Application Of Databases For Markets Analysis Working with data has become the main task for modern software - both for standalone and network applications. To solve this problem a specialized software were created.

These are Database Management Systems DBMS , that can structure, systematize and organize data for their computer storage and processing. As for trading, the most of analysts don't use databases in their work. But there are tasks, where such a solution would have to be handy. This article provides an example of indicators, that can save and load data from databases both with client-server and file-server architectures.

A Virtual Order Manager to track orders within the position-centric MetaTrader 5 environment This class library can be added to an MetaTrader 5 Expert Advisor to enable it to be written with an order-centric approach broadly similar to MetaTrader 4, in comparison to the position-based approach of MetaTrader 5.

It does this by keeping track of virtual orders at the MetaTrader 5 client terminal, while maintaining a protective broker stop for each position for disaster protection. Creating Active Control Panels in MQL5 for Trading The article covers the problem of development of active control panels in MQL5.

Interface elements are managed by the event handling mechanism. Besides, the option of a flexible setup of control elements properties is available.

The active control panel allows working with positions, as well setting, modifying and deleting market and pending orders. In this article we'll consider possible modifications of MACD and implement them in one indicator with the possibility to graphically switch between the modifications. You are missing trading opportunities:. Registration Log in. latin characters without spaces. a password will be sent to this email.

Log in With Google. If you do not have an account, please register. Allow the use of cookies to log in to the MQL5. com website. Please enable the necessary setting in your browser, otherwise you will not be able to log in. Ask The latest known ask price for the current symbol. int Bars. Bars Number of bars in the current chart. Bid The latest known bid price of the current symbol. Close Series array that contains close prices for each bar of the current chart. CopyClose , ArraySetAsSeries.

int Digits. Digits Number of digits after the decimal point for the current symbol prices. High Series array that contains the highest prices of each bar of the current chart. CopyHigh , ArraySetAsSerie s. Low Series array that contains the lowest prices of each bar of the current chart.

CopyLow , ArraySetAsSeries. Open Series array that contains open prices of each bar of the current chart. CopyOpen , ArraySetAsSeries. double Point. Point The current symbol point value in the quote currency. Time Series array that contains open time of each bar of the current chart. Data like datetime represent time, in seconds, that has passed since a. of 1 January, CopyTime , ArraySetAsSeries. Volume Series array that contains tick volumes of each bar of the current chart.

CopyTickVolume , ArraySetAsSeries. double AccountBalance. AccountBalance Returns balance value of the current account the amount of money on the account. double AccountCredit. AccountCredit Returns credit value of the current account. string AccountCompany. AccountCompany Returns the brokerage company name where the current account was registered.

string AccountCurrency. AccountCurrency Returns currency name of the current account. double AccountEquity. AccountEquity Returns equity value of the current account. Equity calculation depends on trading server settings.

MACD … global locking systems ltd It is a perfect forex indicator mt4 for short-term traders. It gives alarms and alerts of all kinds. MathLog The MathLog function returns the natural logarithm of x if successful. This is very important for real trading. Build Your Own Share Portfolio. Setting Up 2. Forex Trading South Africa.

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