Foreign Exchange Market
MetaTrader4™
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What is it a Trailing Stop?

Trailing Stop - an order to close a position, which automatically changes by trading platform, in accordance with the given trader settings. It automates the process of closing trading positions.

 

During the installation of trailing stop trader specifies the distance in points - the distance from the current price to the level of a trailing stop. Due to the price change the trailing stop is automatically changed according to a predetermined distance. For a position to buy trailing stop sets below the current price (and price of opening position). If the price increases, the trailing stop will automatically "move" up by trading platform at a given distance. If the price falls, the quote trailing stop will not change. For a sell position trailing stop set above the current price (and price of opening position). If the price falls, the trailing stop will automatically "move" down by trading platform at a given distance. If the price will rise, quotation trailing stop will not change.

Who is the trader?

Currency trader - a specialist who makes changes in exchange rates, a trader works on his own, at their own expense. And the company provides its customers the opportunity to buy or sell currencies 24 hours a day, in real time, and provides the necessary software to analyze the market and transactions from dealing center or from home via the Internet. Traiders master their profession to earn it on the exchange rate fluctuations. And for them it does not matter, rising or falling U.S. dollar - any direction they can use for a successful trade. Currency traders use different methods of market analysis to determine the possible direction of price movement. Defining it, they tend to buy the currency at a low price to sell later at a higher, or, conversely, first to sell the currency at a higher price to buy it later at a lower.

Work on the currency market Forex - this is a business on its own. Trader - it is rather self-employed, which only works on himself - he has no superiors. Forex - is an opportunity to conduct serious business without papers - no bills, no contracts with contractors, with no reports on the economic costs and without complicated financial statements, because the technology of the transactions with currency facilitated us to the limit

In the end, it is an opportunity to offer their services to large investors and take them to the management of much more capital, confirming his professionalism reports on working with small own money.

Who is the broker?

Broker is an agent at the consummation of various transactions. This may be an organization or professional user of Financial Market. In this case, the broker for the client is Forex Club Company.

 

 

What is hedging?


Hedging is a strategy designed to minimize a trader's exposure to risky trades, while still allowing the client to profit by simultaneously longing and shorting the same currency pairs at different exposures.
The most frequent type of hedging is hedging futures contracts. Futures contracts originated as a form of insurance against changes in commodity prices. The first operations were carried out in the futures on the Chicago commodity markets, namely, to protect it from sudden changes in market conditions. Until the second half of 20th century, hedging was used exclusively for the lifting of price risks. Currently, the aim of hedging is to minimize risk while optimizing profit potential.

What is leverage?

Leverage is used in financial institutions to intensify a trader's buying potential.  Leverage is set automatically depending on the size of the lot you choose to trade. Leverage is the proportion of your deposit to the Lot. For example, if you have $100 deposited into your account, you can make a deal with a lot of 10,000 units of currency (this is 100:1 leverage). If you open a lot using 5,000 units of currency, the leverage will be 50:1, etc. The maximum it could take a value of 200:1.  In other words, the broker is willing to loan you at maximum 200 units of currency for every 1 unit that you place into a trade. From time to time, traders raise the question: "Why does Forex Club provide it's clients such a risky amount of leverage (200:1)?  Is the Company pushing clients to lose?"

• Leverage in general - is related directly with the amount of volume that a traders wishes to expose to the markets.
• Maximum leverage - All traders should be aware of what is at stake when employing the maximum leverage provided. Forex Club prefers to provide its clients with a higher maximum amount of leverage as to not hinder their trading by offering a limited means of intensifying the exposure of positions.
• Leverage should be used in accordance to your experience and understanding of the markets.  Traders are free to choose how much leverage they wish to use, from 1:1 to 200:1.  The only restrictions to this leverage is that the maximum amount that you can use is 200:1.  Please note: using 200:1 is extremely RISKY.  Most experts recommend traders to not use the maximum leverage allowed to them, and to risk no more than 5% of their capital.  However, if traders command a solid system, high leverage may work to their advantage.

Leverage is available when there is a Credit.

If, with 10,000 in the account, the trader will buy a mini-sized contract of 10,000 units, this trader will be have opened a position without the use of any leverage (1:1).
If a customer with 100,000 in his account will sell the contract size of 10,000, 50,000 or 100,000, it will turn out that the trade is conducted without the use of their means of leverage at all.
Leverage allotments for a deposit of 1,000 units is as follows:
• The transaction volume of 10.000 - leverage of 10:1 (1.000:10.000)
• 20,000 - 20:1
• 30,000 - 30:1
• 50,000 - 50:1
• 80,000 - 80:1
• 100,000 - 100:1
• 200,000 - 200:1
Our client system enables the client to choose the leverage from 1:1 to 200:1. This is done automatically when the client chooses his transaction size.

What is spread?

When looking at a currency quote, you'll notice a difference between the purchase price of the currency and its sale price. The difference in cost between the buy and sell price is the spread cost. When you trade through a broker in the market FOREX, we will always see a difference in the buy and sell prices of a currency.  Brokers are compensated through their trading through this spread cost. For example, the quotation for EUR is 1.2700/1.2705.  This means that the broker is currently willing to buy the euro against the U.S. dollar for 1.2700, and sell it back for 1.2705, for a difference of 5 points (0.0005). This spread of 5 pips is what the broker is paid.

Who is the dealer?

There are two definition of dealer.

  1. Dealer - a professional financial market participants performing dealership. Dealer may be a legal person, is a commercial entity.
  2. Dealer - is a qualified employee financial services company, which performs (executes customer orders), and executes the transaction customer and gives quotes on behalf of the broker.
What is a Quote?

A quote is the current price of one currency in relation to another currency's cost. The quoted price is abstract, as all brokers quote currencies at different rates.

What is a Stop Out?

Stop-out is a compulsory closing of a Client’s positions at the current market prices. It happens, when the ratio of your deposit and current losses to the amount of the reserved margin (margin level) becomes equal or less than the stop-out level, set by the Company.

The stop-out level value for every type of account is listed on the Company’s website.

The positions are closed compulsorily at the existing quotes in the price feed at the moment when the ratio reaches the value set by the Company. The positions get closed one by one until the margin level becomes higher than the stop-out level set by the Company.

Example:

You have a deposit of $5 000. You open a trade on USD/JPY for the volume of $100 000 with the leverage of 1:200. Accordingly, the margin used for the open trade is $500.

If no more trades are made, then USD/JPY trade will be closed stopped out when the loss reaches $4 900.

Stop-out level equals 20% of the total margin, i.e. when your equity comes to the point of $100 (=$5000-$4 900), then the trade will be closed.

How do brokers get quotes?
  1. Forex quote prices are based on the current market’s supply and demand and the proposal of major market participants (i.e., brokers, companies, market makers) to supply quotes at certain prices.  Bidders obtain information as to what quotes they should offer by using different trading systems, such as Reuters-2000 and 3000, Bloomberg, EBS (electronic broker systems) and others.  The quotes that a bidder is willing to buy or sell at (for example, EUR at 1.35220 – 1.35229) become immediately available to clients through the brokers’ trade terminals.
  2. All of a broker’s trading terminals are connected to the broker’s partners or interbank that provides the broker with quotes.  These quotes are constantly fed into the terminals, causing the frequent price changes.
  3. Forex Club is ready to initiate orders at the cost of the quotes listed in the trading platform.  Forex Club provides two prices in the quote; the price to buy or sell the currency pair.  These prices are sent simultaneously to all of the broker’s trading platforms.
Why do we ask the price from dealer?

Currently on the market, as in the inter-bank, and at retail, there are 2 format of the work: on request (RFQ) or by streaming prices (InstantExecution). ForexClub perform transactions on the system RFQ - Request for a bargain price, you make a request and the dealer receive from him a firm quotation, which you can within 4 seconds, perform the operation.

And the second format - this is pushing the price of the trader as soon as it sees a broker in the stream. In both cases, if the markets calm, the price ranges from + / - 2-3 points, a trader, usually receives the same price. If volatility rises, the trader in the first case received a firm price after his request for a dealer, the second - he can get rekvot (Re-quotes) Ie Both versions have their pluses and minuses, and there must be a trader to choose which option it more attractive.

With regard to time response to a request from a dealer, the dealers are seeking to handle client requests for 5-10 seconds. But depending on market conditions, its activity and the number of requests at the time of the dealer at that time processing can be increased.

How does Forex Club work with such small trades like 1000 base currency units?

The company «Forex Club» minimum trades of 1000 base currency units. No secrets in such a small deposit is not as well as items that the client works in the same minimal and multiples of 1:100, ie, with the deposit in the $ 100 the lot is 10 thousandth, with depots in the $ 200 - 20 thousandth, etc. Accordingly, the price of one item on the lot for 10000 EUR, GBP = $ 1 to around $ 0.9 JPY, CHF for about $ 0.6. Immediately the question arises, how do we enter the world market with such small amounts?

Since the sum of lots in the $ 10 000 is not possible to reach the external market and technology accumulation of funds is as follows. «Forex Club» provides the customer a price as soon as he (the client) asks, as the external market has shown the amount of small orders, equals the standard minimum market Lot - $ 100,000. As the number of clients, working with «Forex Club» enough - the formation of a standard lot is happening fast enough.

How does leverage work?

Leverage is used in financial institutions to intensify a trader's buying potential. Leverage is set automatically depending on the volume you choose to trade. Leverage is the ratio of balance and volume . For example, if you have $100 on your balance, you can make a trade with a lot of 20,000 units (this is 200:1 leverage). If you decide to open just 10,000 units, the leverage will be 100:1, etc.

Major market participants on FOREX?

First of all, it must be said that in the foreign exchange market there are different types of participants. Central banks, commercial banks, investment funds, financial offices, brokerage houses and individual traders. Each party is interested in is to buy cheap and sell more expensive, but each party has its own main function, which he performs in the market.

Commercial banks

For the main function of commercial banks participating in the currency trade - is to ensure the liquidity of its own funds and execution of client applications, such as requests of importers and exporters. Enterprises located in a single economic zone and are interested in products or raw materials produced in other economic areas, will be forced to exchange their national currency to the currency of the country where these goods are produced. Exchanging money (converts) are conducting their commercial banks. Volume of converse operations is significant and can last up to 2 / 3 of all daily operations in the FOREX. This is, of course, also leads to changes in exchange rates since the supply of and demand for different currencies are in constant change.

Ultimately, the foreign exchange market is a market for interbank transactions, and, thereafter, on motion of exchange rates and interest rates, one should bear in mind the interbank foreign exchange market.

On world currency markets, the most influenced by the major international banks, the daily volume of transactions reaches billions of dollars. These banks, like Deutsche Bank, Barclays Bank, Union Bank of Switzerland, Citibank, Chase Manhattan Bank, Standard Chartered Bank and others. Their main difference is the large volume of transactions that may lead to a significant change in the quotation or the price of the currency. Typically, major players are divided into bulls and bears. Bulls - it is market participants who are interested in enhancing the value of the currency; bears - that market participants who are interested in lowering the value of the currency. Typically, the market is in a state of equilibrium between the bulls and bears, and the difference of quotations of currencies fluctuate in a fairly narrow limits. However, when bulls or bears "take up", quotes, exchange rates are changing quite dramatically and significantly.

Companies engaged in foreign trade operations

Companies participating in international trade, have a strong demand for foreign currency (as importers) and supply of foreign currency (exporters), as well as place and are free foreign exchange balances in short-term deposits. In doing so, these organizations direct access to the foreign exchange market, as a rule, do not have, and carries out conversion and deposit transactions via commercial banks.

Companies engaged in foreign investments of assets (Investment Funds, Money Market Funds, International Corporations)

These companies provided different kinds of international investment funds, implement a policy of diversified management of portfolio assets by placing funds in securities of governments and corporations of different countries. At the dealer's slang they call a fund or funds; best known fund "Quantum" George Soros, the successful carrying out foreign exchange speculation, and the fund "Dean Witter".

For this type of firms are also major international corporations engaged in foreign manufacturing investment: the creation of subsidiaries, joint ventures, etc., such as, for example, Xerox, Nestle, General Motors, British Petroleum and others.

Central banks

Their main task is to regulate currency in the foreign market - namely, preventing the spike in rates of national currencies, to prevent the economic crisis, maintaining the balance of exports and imports, etc. Central banks have a direct impact on the currency market. Their influence can be either direct - in the form of currency intervention, and indirectly - through the regulation of the money supply and interest rates. They can not be assigned to the bulls or the bears, because they can play as an increase or decrease based on the specific challenges facing them at this time. Brokers can act in the market alone to influence the national currency, or in concert with other Central Bank to conduct a joint monetary policy in the international market or for joint interventions.

The biggest influence on world currency markets are: the U.S. central bank - the Federal Reserve System (US Federal Reserve or a brief FED), the central bank of Germany - Bundesbank (Deutsche Bundesbank) and the UK - Bank of England (Bank of England, also called the Old Lady).

Currency Exchange

In some countries with transitional economies there are exchange markets, responsible for the exchange rates for businesses and market-based exchange rate. The state usually regulates the level of active exchange rate, using a compact stock market.

Foreign exchange brokerage firm

Their duties include bringing the buyer and seller of foreign exchange and conversion between them, or credit-deposit operations. During his brokerage brokerage firms charge a broker's fee as a percentage of the amount of the transaction.

Private individuals

Individuals who hold a wide range of non-trade transactions in foreign tourism, remittances, pensions, royalties, buying and selling hard currency. And in 1986 with the introduction of trade marginal individuals were able to free funds to invest in the FOREX market with a view to profit.

The main volume (90-95%) in the FOREX market makes the world's largest commercial banks, making a conversion operation in the interests of their clients, and at his own expense. Nevertheless, advances in computer technology have allowed in this area and find the area of finance applications for funds are often private and small investors. A growing number of brokerage firms and banks provide access to private investors in the FOREX market through the Internet.

ASK/BID

Ask-it offer price (buying), ie The price at which the dealer receives applications from traders to buy currencies, it shows a quotation currency pair.

Bid - this is the price of demand (sales), ie The price at which the dealer receives applications from traders to sell currencies.

The program RUMUS on default prices in the Bid, please take this into account when entering into transactions.

What is the definition of Market Makers?

A market maker in Forex is a brokerage or company that takes on price risks by opening several market positions to create a liquidity, even when the market is illiquid.  Market makers are constantly opening buy and sell positions to guarantee that its client's orders will be filled.  If the market maker receives an order from a trader who wishes to buy a currency, the market maker will sell the currency to guarantee liquidity.

In stocks, a market maker is a broker or dealer company that support the liquidity of certain securities.

Nasdaq could be a good example of a market maker, as it supports the liquidity of a majority of securities by means of buying and selling.

SWAPs

Forex trading is a SPOT trading, which means that all trades are settled on the second business day after your position has been opened. SWAP operation is used to avoid the physical delivery of a currency. In essence, in the end of each trading day, all positions are closed and immediately re-opened at SWAP price. SWAP is executed automatically at 21:00 GMT.

In your trading report, you will see two lines: closing of position (SWAP t/n) and opening of the same position (SWAP open). Re-opening rate will be adjusted for SWAP pips. SWAP pips are determined by the interest rate for currencies that are used in the position. You can find our exact values of SWAP pips below.

Value date (date of delivery of currency) for trades carried from Wednesday to Thursday is Monday. Hence, SWAP pips will be calculated for three days.

What is shorting and longing position?

General trader lingo states that a long position is one in which the trader is buying a currency pair and seeking to profit by closing the deal at a higher price.  By opening a short position, the trader seeks to sell a currency pair and thus make money by closing the position at a rate lower than his opening rate.

Types of orders

Order is the command to the dealer to carry out this operation for sale of foreign currency.

There are two types of orders; stop-loss and take-profit.  It's easy to distinguish between the two orders.  Both orders are defined in relation to the price at the time they are placed.  Stop-loss positions are placed above current price levels when a trader shorts a position and below current levels when a trader longs a position.

In addition, depending on the purpose of order, it can be classified as simple, one cancels other or if done.

- Simple order

This order is used to enter or exit a position at a specified price.  This specified price must be no closer than 10 pips away from the current price. Because we always sell at the price bid, and buy for the price ask, then, respectively, a order to purchase shall be placed no closer than 10 points from the price ask, as a order for the sale of the price bid.

One Cancels Other order

OCO orders incorporate a combination of take-profit and stop-loss orders. Once market price hits a certain level, the other order will automatically be canceled.

If Done order

Much like its name suggests, orders will be initiated only if price has hit a certain level.  If Done orders are used when a trader opens two or more positions on the same currency pair.  Unlike OCO, which cancels all pending orders the moment one is hit, If Done orders remain on the market.


- Duration of orders

There is no time limit to how long an order will remain active. The order will remain in the market until market prices have moved to a point that will merit its execution, or to until its canceled. Therefore, do not forget to cancel any orders immediately after the closing position, and always wait for confirmation from the dealer or platform.

Order going to be served at a time when the market reaches the price in the order. It is important not to forget that a order of sale is executed at the price bid, and a warrant to purchase at a price ask. This must be taken into account by checking the correct execution of the warrant in Rumus, which displays only the price bid. That is, if you have a warrant Stop / Loss for purchase at a price of 1.2050, it will be executed when the schedule reaches the price 1.2045. Please Note: Graphs are always the price bid, and the price ask = bid + spread price.

In a quiet market, the time of execution of the order as a rule, should be no more than 15 seconds. The maximum delay in the execution of orders is possible in the time of important economic data, when the market flies high number of points for one - two quotes, and is subject to the execution of an avalanche of orders. However, the most automated, and the time delay does not exceed 1-2 minutes. Therefore, if not put a warrant of execution, do not try to correct the situation themselves, call the dealer and find out the status of orders and positions it. Thus, you will avoid misunderstandings and unexpected financial losses.

What is the base currency and the quote currency?

Base currency - The first currency that appears in a currency pair. The base currency is the price of one unit which is always measured in terms of another (quote) currency.

Quote currency - The second currency that appears in a currency pair.

For example, in the pair GBP/USD, the base currency is GBP (English pound).  The pound will be bought and sold in USD (U.S. Dollar).

It should be noted that in some pairs the U.S. dollar is the base currency, and others it appears as the quote. If the dollar is the base currency, this is called a direct quotation, and if the dollar is the quote currency, the quotation is called the inverse.

Keep in mind that the prices reflected in the graphs is the change in price of the base currency against the quote. Therefore, if the graph EUR (alias EUR/USD) the price goes down, it means that EUR goes down and dollar goes up. If the graph CHF (USD/CHF) price moves up, it means that the USD gets more expensive and CHF is getting cheaper.

What are pips and how are they calculated?

One pip (or point) is the miminum unit of price change.  When looking at currency quotes that do not contain the JPY, a pip is equal to the fourth digit after the decimal point.  If you choose to open a 10,000 unit lot, each one pip change will equal to one dollar in pairs where USD is the quote currency.  On all other currency pairs (again, excluding JPY pairs), a 10,000 unit lot will equal approximately $1 per change in pip, although the exact number will fluctuate depending on the exchange rate.

For pairs that contain the Japanese yen, a pip is equal to the second digit after the decimal point (e.g., USD/JPY 117.10/117.11; in this quote, the spread is equal to 1 pip.)

To calculate the value of a pair in U.S. dollars, you must use the following forumla: Cost of Item = (Item * Lot) / Exchange Rate's quotes to USD.

The lot is specified in units in the base currency.

Item = the minimum possible change in quotes, for example 0.0001 for EUR/USD, 0.01 for USD/JPY

Please note that for some pairs of currencies where the quote currency is USD, such as the GBPUSD, EURUSD, the exchange rate quote for USD is equal to 1. When calculating the cost of the base currency of a pair in which USD appears as the quote, simply divide: 1 / the current quote = rate of base currency.

Examples of calculating the cost of the item:
 
Currency Pair: GBPUSD Lot: 10,000 Value item = (10,000 * 0.0001) / 1 = $1
Currency Pair: USDCHF Lot: 100000 Course USDCHF = 1.6815 The value of the item = (100000 * 0.0001) / 1.6815 = $5.95
Currency Pair: EURJPY Lot: 1000000 Exchange EURJPY = 115.54 Course USDJPY = 132.58 cost of item = (1000000 * 0.01) / 132.58 = $75.43
Currency Pair: EURGBP Lot: 20000 Exchange EURGBP = 0.6128 Exchange Rate GBPUSD = 1.4228 USDGBP = 1 / (Rate GBPUSD) = 1 / 1.4228 = 0.7028
The cost of item = (20000 * 0.0001) / 0.7028 = $ 2.85

More detailed examples of how to calculate the cost of the item is in the Help program.

What is a reverse, partial closure and the addition of the position?

A trader may choose to limit his exposure to the markets by closing part of the position or reverse the position all together by opening an opposite position for the amount greater than his original position.

What occurs in this case:

Let’s have a look on a specific example of a partial closure of positions.
You have bought 100,000 EUR against USD at the exchange rate of 0.8800, when the rate of 0.8850 marks, you decide to sell 50,000 EUR against USD. In the end, you still get in the position of 50,000 EUR at the rate of 0.8750.
Let’s have a look on a example of transaction-type reverse.
You have bought 100,000 EUR against USD at the exchange rate of 0.8800, when the rate of 0.8900 marks, you decide to sell 200,000 EUR against USD. In the end, you have a position: sell 100,000 EUR at the rate of 0.9000.

Why are quotes different between brokers?

Market participants receive their bid/ask quotes from interbanks through a secured system.  These transactions (price of quotes, volume, and other parameters) are a purely private matter between the two parties.  As a result of these transactions, unique buy and sell quotations become available to the brokerages.  There is no guarantee that a broker will offer the same buy or sell quotes or a same spread.

Small differences in prices (up to 5-10 points, as in the case of very sharp movements, and more) are possible and are the norm, as it is impossible to achieve an absolute unity in prices with a large number of market-makers.

Spread refunds on StartFX

The terms and conditions of StartFX have been simplified to help first-time traders navigate the market, which is why we implemented a flat-fee commission instead of spread. The commission cost on StartFX is equal to 4 pips spread on all pairs.  Bearing in mind our commission return policy, a trader who makes 4 trades, of which 1 is profitable, they will only pay 1 pip spread, etc.    It's no secret that experienced traders often quickly close losing positions to cut losses; these experienced traders are encouraged to use this unique commission refund policy in their trading strategies to further cut losses and increase profits.   If you are interested in these options, open a StartFX account now

Emergency closure of all positions

Emergency closure of all positions - This is an order to the broker to close all positions and cancel all orders on a specified trading account.

Quote generation

How are CFD quotes generated?

CFD quotes are generated from spot prices for the relevant underlying commodities (prices of the nearest [most liquid] futures contracts involving the relevant underlying commodities).

What stock exchanges are sources of CFD quotes?

Brent, WTI — ICE — IntercontinentalExchange (www.theice.com). One of the largest global stock exchanges, which unifies a number of regulated stock exchanges, trading platforms and clearing houses. It gives access to agricultural, credit, Forex, energy and stock markets via the futures exchanges ICE Futures Europe, ICE Futures U.S. and ICE Futures Canada.

Light Sweet Crude Oil, natural gas, heating oil, platinum, palladium — NYMEX — New York Mercantile Exchange (member of CME Group, www.cme.com),

Copper — COMEX — Commodity Exchange, Inc. (member of CME Group, www.cme.com).

NYMEX is the world’s largest exchange, headquartered in New York, which trades in commodity futures contracts. It has two departments: NYMEX and COMEX. In 2008 NIMEX was acquired by CME (Chicago), and now it is a member of CME Group.

Nickel, aluminum, zinc — LME — London Metal Exchange (www.lme.com )

One of the leading exchanges that trade in nonferrous metals. It is headquartered in London, and its history dates back more than 130 years. LME trades in a wide range of futures and options contracts involving nonferrous and minor metals, steel and plastics.

Gold, silver — FX — interbank over-the-counter Forex market. World’s largest foreign exchange, gold and silver market. It works round-the-clock, five days a week.

Can CFD quotes differ from the spot prices of the underlying commodities (i.e. from futures quotes)?

Such differences are possible, but they are insignificant. In general, CFD market trends are similar to those of commodity markets.

Possible reasons of quote differences include: (1) different approaches of news agencies to filtering a flow of quotes (sharp one-off fluctuations are not considered); (2) differences in expiry dates for futures that are underlying for CFDs (one supplier may report the nearest contract, while others report the next one); (3) flow of quotes includes deals executed by a specific broker.

Why are CFD quotes not available round-the-clock?

CFDs related to exchange-traded commodities are traded with small breaks. Trading is usually paused for a period from 21.00 till 24.00 GMT (the exact time of the break is listed in the contract specification). This is not an active trading period, so it doesn’t have a significant effect on the flow of quotes.

Why are gold (silver) quotes in FOREX CLUB and in CFDs different from those of other brokers?

FOREX CLUB offers spot instruments (cash, with delivery on the second business day) for gold and silver, which are traded on the over-the-counter interbank FOREX market. CFDs are based on commodities (commodity futures) traded on stock exchanges. These contracts have a fixed due date, or delivery date, in the future. As a rule, futures commodity prices are higher than the corresponding spot prices. That is why spot gold (silver) prices are different from those of CFDs with gold (silver).

How is a flow of CFD quotes generated during a transfer from one futures contract to another?

Most futures contracts have a strictly limited listing period. On the last operational Friday before the expiry date of the relevant futures contract FOREX CLUB performs a transition from the expiring futures contract to the next one to generate CFD pricing.

Why do CFD quotes have a floating spread?

CFDs’ underlying commodities (commodity futures) are traditionally traded with a floating spread. The difference between the best ask and the bid prices is defined with predefined orders listed on the exchange. Depending on the market situation, the best bids may be close to each other (a relatively small spread) or far apart (when this happens the spread gets bigger). Since the flow of CFD quotes is based on exchange quotes, the CFD spread is also floating. In most cases broadcasting the actual floating spread (not fixed) allows traders to execute transactions with a minimum difference between bid and ask quotes.

Why does the terminal broadcast a flow of commodity quotes only for one contract, instead of a flow of quotes for a number of contracts with various expiry dates?

FOREX CLUB displays a flow of quotes based on the nearest futures contract with maximum liquidity.

Recording contract names (tickers)

Why does the CFD ticker not specify the expiry month of the underlying futures contract?

FOREX CLUB’s flow of quotes is based on the nearest futures contract. That is why several CFDs with different underlying futures contracts (by date) cannot be quoted simultaneously. Therefore, the ticker format was simplified and the underlying asset’s expiry month is not specified.

How are gold and silver ticker records different from those of CFDs?

Gold and silver are spot instruments traded on the interbank over-the-counter FOREX market. Just as with foreign currencies, metal tickers are similar to those of currency pairs – the US dollar-denominated value of a gold or silver unit.

CFD tickers are based on tickers applied to underlying commodities traded on the exchange.

Recording quotes, Spread

How does a pip differ from a tick?

A tick is a minimum price increment in a market. If a tick equals $0.25, the price can change by $0.25 or a multiple thereof. A pip is a change by 1 of the last digit in the quote record. If a tick equals 0.25, a pip is 0.01.In this instance, a tick would contain 25 pips. Ticks and pips are the same for a number of CFDs.

What are pips for?

In the trading terminal, the trading distance for predefined orders is specified in pips, but not in ticks compared to current quotes. Therefore, ticks are applied when predefined orders are placed.

What spread is applied to CFDs?

CFD spread is floating due to the nature of trading in underlying commodities on the exchange (futures contracts for underlying commodities on the exchange). The actual spread size can be obtained via the trading terminal. In normal market conditions broadcasting quotes with a floating spread allows traders to make transactions with a minimum difference between ask and bid prices. In volatile markets spread may expand accordingly.

What spread size is applied to trading in gold and silver?

The spread for gold is 50 pips, and for silver it is 5 pips. This spread is fixed.

CFD listing periods. Transfer of positions in gold and silver

What is the listing period of CFDs?

CFDs are contracts without a fixed date as they do not involve any actual delivery of commodities.

Can I hold an open position for a CFD for an unlimited period of time?

Yes, if your account has sufficient available funds to cover the open position.

What do the expiry dates for the futures contracts underlying CFDs indicate? What do the dates of transition from one futures contract to another indicate?

CFDs do not involve any time limitations. However, CFDs’ underlying futures contracts are listed for a limited period of time. Expiry dates of futures indicate the date when trading of a contract is closed.

FOREX CLUB generates a flow of CFD quotes based on the prices of the most liquid futures contracts, those with the nearest expiry date. When the nearest futures contract expires, a flow of CFD quotes must be transferred to the prices of the next futures contract. As a rule, this transition takes place at the market close on the last operational Friday preceding the expiry date of the futures contract.

What happens to CFD positions when a flow of quotes is transferred from one futures contract to another?

Most futures contracts are characterized by contango, meaning that quotes by more distant futures are somewhat higher than those of the nearest futures contracts. For example, the September crude oil contract (an agreement to deliver crude oil in September) is quoted at 75.49; the October contract is quoted at 75.86; the November contract is quoted at 76.78; and the December contract is quoted at 77.60.

Therefore, prices vary depending on contract expiry dates. This means that during transition of the flow of CFD quotes from one futures contract to another an open position will have a change of quotes due to this difference.

For example, during transition from the September contract to the October one, a trader will get an additional profit of $0.37 per barrel for the long position (75.86 - 75.49 = 0.37). To mitigate this effect, the transaction balance will be decreased by this value, with the difference in contract prices debited from the buyer’s account ($0.37 per barrel).

With regard to the short position, transition of the flow of quotes results in a loss of $0.37 per barrel. This loss will be compensated by means of crediting $0.37 per barrel to the account.

As a result, there is no effect on the final balance when the flow of CFD quotes is transferred from one futures contract to another.

Is any rollover fee applied to CFDs?

No rollover fee is applied to CFDs.

Why is a rollover fee applied to positions in gold and silver?

FOREX CLUB offers spot contracts for gold and silver that are based on the FOREX market. That is why gold and silver positions must be “swapped” on a daily basis. helps move the metal delivery date into the future.

How are the values of swap pips determined by spot metals?

To calculate swap rates for gold and silver, interbank interest rates that indicate the profit from depositing US dollars and gold (silver) are applied. The calculated rates can then be increased or decreased by the broker based on the swap calculation policy.

Is triple swap credited/debited for spot gold (silver) positions on Wednesday night?

Yes, because when an open position is transferred from Wednesday to Thursday, second-day delivery would fall on Saturday. Since Saturday and Sunday are not trading days, delivery is moved to the next working day, which is Monday. Therefore a triple swap is applied.

What happens to open metal positions during swap transactions?

Swap pips are calculated separately from price differences relevant to the position. The position remains open.

Margin

How is margin denoted when trading in CFDs?

In US dollars per contract.

Can margin vary over time?

Yes. If the prices of the underlying commodities rise significantly, the margin requirements can be also increased. If there is a significant declines in the price of an underlying commodity the margin requirements can also be decreased.

Does a minimum margin applied to CFD trading?

The minimum margin (trigger account balance per contract) is 0. This means that the negative result of the transaction may equal the deposit. When this happens, positions are forced to close.

How can I calculate the margin for two or more contracts?

Multiply the margin per 1 CFD by 2, 3 etc.

Why is the margin for nickel significantly higher than the margins for other CFDs?

The CFD volume for nickel is one-sixth of the volume of a standard futures contract. For other CFDs the volume is one-tenth of the volume of the corresponding futures. That means that a CFD for nickel is a “heavier” contract and requires a larger margin.

Why is the margin for gold and silver the lowest?

These are spot contracts traded on the FOREXT market, so the volumes of such contracts do not depend on futures contract trading volumes.

What is the recommended deposit for trading in commodity contracts?

The minimum account balance depends on the margin. It is recommended that a trader have an account balance that is double or triple the margin to avoid interruptions. This will help the trader sustain short-term negative price fluctuations.

What leverage is applicable to CFDs?

Leverage depends on prices. As a rule, it is less than the leverage applicable to the FOREX market. The reason is that commodity prices are more volatile than exchange rates. Therefore, the lesser leverage is applicable to commodity contracts.

Can CFD transactions be credited?

No, crediting is not applicable to CFDs. When trading in CFDs, only the commodity price difference is credited or debited without actually purchase/sale of commodities. No crediting is necessary in this case.

CFD vs Futures

What is a CFD?

CFDs are financial instruments used to trade in commodities such as gold, oil, natural gas, nickel, cocoa and cotton without having these commodities in stock. A CFD is an agreement between two parties (buyer and seller) stipulating that one party pays the other party the difference between the current price of the commodity, stock, etc. and its price at contract time.

What is a futures contract (futures)?

Futures contracts are agreements stipulating the purchase or sale of the underlying asset in the future. The buyer of a futures contract undertakes to accept the underlying asset (will pay for it). The seller of a futures contract undertakes to deliver an underlying asset (will get money for it).

Futures contracts allow both parties to fix the price of an asset delivered by seller to buyer in the future.

How are CFDs related to futures?

CFD quote flow is based on the flow of relevant futures quotes. The volume, commodity tick, number of digits in the quote, margin, etc. for CFDs are based on the relevant parameters of futures contracts.

How do CFDs differ from futures contracts?

Futures contracts are traded on a exchange, while CFDs are traded on the over-the-counter market.

The futures market significantly exceeds the CFD market.

Listing of futures contracts is strictly standardized. CFD trading principles vary by broker.

As a rule, the volumes of futures contracts exceed those of relevant CFDs. For example, an oil futures contract might be for 1,000 barrels, while a CFD would be for 100 barrels.

This means that CFD trading requires a trader to have less funds in account than futures trading.

Futures contracts have an expiry date (when delivery of the asset is expected). CFDs do not involve any time limitations. Futures contracts involve either physical delivery of an asset or cash settlement (the difference between the price at contract time and the closing price of the asset when the contract expires). CFDs never involve physical delivery of an asset, and only the difference in prices is paid.

Where can I find CFD specifications?

The basic characteristics of contracts are listed in the specification - a detailed description of the trading conditions for a given contract.

What kind of commodity contracts does FOREX CLUB offer? What markets are available for trading?

CFD contracts:
Brent Crude Oil (BRN)
Light Sweet Crude Oil (CL)
WTI Crude Oil (WBS)
Henry Hub Natural Gas (NG)
Heating Oil (HO)
Platinum (PL)
Palladium (PA)
Copper (HG)
Zinc (ZS)
Aluminium (AH)
Nickel (NI)

Spot deals: gold and silver.

What similarities exist between FOREX market transactions involving foreign currencies and CFD transactions?

On both the FOREX market and the CFD market a trader intends to gain from quote differences between exchange rates or commodity prices. In order to make a transaction, a trader does not need to have the whole sum in his/her account, but rather a small share of it (called the “margin”).

What principles are applied to CFD trading?

There are two ways that traders profit from fluctuations in commodity prices using CFDs:
- buy a CFD low and then sell it high;
- sell a CFD high and then buy it low;

Who profits on a CFD: the buyer or the seller?

If the price of an underlying commodity rose since contract time, the buyer gets a positive price difference (paid by seller).

If the price of an underlying commodity reduced since contract time, the seller gets a positive price difference (paid by the CFD buyer).

When should I buy or sell a CFD?

If you think that the underlying commodity’s price will rise, you should buy a CFD; if you think it will fall, you should sell the corresponding CFD.

How is profit calculated and how are risks evaluated in CFD-related transactions?

Profit is equal to the price difference multiplied by the transaction amount (quantity-based).

When are CFDs traded?

Virtually round-the-clock. Trading is paused at about 21.00 – 00.00 GMT (inactive trading time). Each specific contract stipulates a non-trading time (see the contract’s specification).

When are spot deals on gold and silver executed?

Round-the-clock, five days a week.

What is the commission fee for transactions involving CFDs and spot gold / silver deals?

A commission fee of $0.60 to $2.00 per contract is applied to CFD transactions (usually $1.20). See info on commission fees in the relevant specifications.

A commission fee is not applied to transactions with spot metals.

Can technical analysis be applied to CFD markets?

Yes, just like at any other market.

How can a trader on the FOREX market benefit from CFDs?

Trading on different markets ensures diversification (“not putting all your eggs in one basket”). If there are no observable trends on the FOREX market, there may be some on commodity markets, and vice versa. When you trade on different markets it helps smooth out the yield curve, mitigate risks and increase profit.

Units of measurement of underlying commodities

How are underlying commodities measured?

Barrel (oil) – unit of measurement of oil volume. Equal to 158.988 liters or 42 (U.S.) gallons.

British thermal unit – unit of measurement of energy. This is the unit of measurement for natural gas. A BTU is the amount of heat needed to raise the temperature of one 1 lb of water one degree Fahrenheit. One barrel of oil contains 5.825x106 BTU. One cubic meter of natural gas contains 35,800 BTU.

Gallon (U.S.) – measure of volume approximately equal to 3.785 liters. Unit of measurement of heating oil.

Troy ounce – unit of measurement of weight. Equal to 31.1034768 g. Applied to gold, silver, palladium and platinum. The purity of gold is measured in British carats. 1 British carat equals one twenty-fourth of alloy weight. 24-carat gold (24K) is pure without any admixtures. For example, 24-carat gold (18K) means that the alloy contains 18 parts of gold and 6 parts of admixtures. In Russia, just like in Germany, the system of measurement of gold purity differs from the British system. In Russia, gold purity is measured by millesimal fineness. Millesimal fineness ranges from 0 to 1,000 and indicates gold’s share in millesimal units. 18-carat gold is the same as 750-fine gold. 999.96-fine gold is “practically fine” and is used in gold bullion. 999.99-fine gold is very expensive to produce and used only in the chemical industry. Russian jewelers make jewelry from 375, 500, 585, 750, 900, 916 and 958-fine gold. Gold traded on the exchange (Chicago Merchant Exchange, www.cme.com) must have millesimal fineness no less than 995 (or 23.88 carats).

Pound – unit of measurement of weight. 1 pound equals 0.45359237 kg. Copper is measured in pounds.

Ton – unit of measurement of weight. 1 ton equals 1,000 kg. Applied to zinc, aluminum and nickel.

How are CFD contract volumes established?

In FOREX CLUB the contract volume for most CFDs is one-tenth of the volume of the underlying futures contract. For example, a CFD for any type of crude oil has a volume of 100 barrels, and a crude oil futures contract has a volume of 1,000 barrels.

The exception is nickel, where the volume of a futures contract is 6 tons and the volume of a CFD is 1 ton.

Small CFD volumes keep them affordable for private traders.

Why are nickel CFD contracts not equal to one-tenth of the volume of a standard futures contract for nickel?

The standard volume of a nickel futures contract is 6 tons, and the price is expressed per 1 ton in US dollars. If CFDs were one tenth of that volume, or 600 kg, that would require modification of price levels (from US dollars per ton to US dollars per kg), meaning that the terminal would display prices different from exchange quotes. That is why the CFD volume for nickel is one sixth (1 ton) of the volume of a standard futures contract.

Can I make a transaction with a volume that is not a multiple of the minimum volume?

No. CFDs (and futures) are traditionally traded in integer numbers of contracts.

Why does the terminal display volume in units of measurement instead of as a number of contracts?

There are two ways to specify a transaction amount – in units of measurement and as a number of contracts.

Executing transactions with CFDs

How can I open (close) a CFD position?

In order to open a position, you must either buy or sell a CFD. In order to close the position, you must execute a transaction for the same amount but in the opposite direction (either sell or buy).

Are there any restrictions for selling CFDs?

There are no restrictions.

What kind of orders may be sent to brokers when trading in CFDs?

You can make a transaction with current quotes (market order) or place a predefined order (your transaction will be executed only if the market price reaches the quote indicated in the order).

At what quotes are market orders executed?

Market orders are executed using current quotes.

With “instant execution,” a trading range (of 0 to N pips) is applied. If, at the moment a market order is placed, the quote changes sharply and the trading range is set at 0, the dealer will not accept the order and will send it back for re-confirmation. If the quote change is within the set trading range (other than 0), the transaction will be executed at the price available when the trader’s order is processed.

As a rule, in normal market conditions execution prices correspond to the prices available when the order is placed.

Must predefined orders be set in multiples of tick?

Yes.

Should Stop Loss and Take Profit orders be Stop or Limit orders?

Regardless of the open position direction (long or short), a Stop Loss is always placed as a Stop order, and a Take Profit as a Limit order.

Can I lock (hedge) a CFD position?

Yes. Simply execute a transaction for the instrument in the opposite direction.

What kind of predefined orders are applicable to CFDs?

Simple predefined orders, OCO orders, If-Done orders (with two OCO orders).

Where can I download an Expert Advisor, indicator or script?

You can download a wide range of Expert Advisors from our website.

You can also find many Expert Advisors, indicators and scripts here: http://codebase.mql4.com/ru/

Does ForexClub provide VPS access to trading clients?

Currently ForexClub does not offer VPS access, but this service will be available in the near future. Follow the news on our website.

What are typical filename extensions in the Expert Advisor?

The only supported filename extensions are MQ4 and EX4.

How can I automate trading, and what are Expert Advisors for?

If you want to completely automate the process of deals execution and order management and exclude emotional aspects from trading decisions without losing control of the market situation, your best option is to delegate routine operations to Expert Advisors.

In MetaTrader4™, Expert Advisors are programs developed in the programming language MetaQuotes Language 4 (MQL 4) to automate analytical and trading operations. Expert Advisors enable automatic analysis of the current situation and, based on the received signals, issue instructions to execute trading transactions and manage open positions.

Testing Expert Advisors using historical data lets you get results as close as possible to test results for Expert Advisors in the demo account online. Testing the efficiency of the Expert Advisor for a number of years will take only a few minutes, so you do not have to wait for years to prove the profitability of your trading tactics!

You can learn to write scripts at professional training courses provided by the Forex Trading International Academy. Follow the schedule on our website!

Strategies and Trailing Stops work only when the program is launched. Does this mean that nothing works on the server side?

Trailing Stops and Expert Advisors work only if your MetaTrader4™ is launched and connected to the Internet.

How can I automate trading, and what are Expert Advisors for?

If you want to completely automate the process of deals execution and order management and exclude emotional aspects from trading decisions without losing control of the market situation, your best option is to delegate routine operations to Expert Advisors.

In MetaTrader4™, Expert Advisors are programs developed in the programming language MetaQuotes Language 4 (MQL 4) to automate analytical and trading operations. Expert Advisors enable automatic analysis of the current situation and, based on the received signals, issue instructions to execute trading transactions and manage open positions.

Testing Expert Advisors using historical data lets you get results as close as possible to test results for Expert Advisors in the demo account online. Testing the efficiency of the Expert Advisor for a number of years will take only a few minutes, so you do not have to wait for years to prove the profitability of your trading tactics!

You can learn to write scripts at professional training courses provided by the Forex Trading International Academy. Follow the schedule on our website!

Can I learn to write scripts, indicators and Expert Advisors in MetaTrader4™?

You can learn to write scripts at professional training courses provided by the Forex Trading International Academy. Follow the schedule on our website!

Some materials are available on our forum and on the website: http://www.mql4.com/ru/

When does the demo account expire? How can I extend the term on my demo account?

Demo accounts expire in 30 days. You can extend the term for your training account from the Account Management Area (see section Services > Training Accounts). To do this, you must have at least $300 in your accounts (funds in all accounts belonging to you, including incentives), or you can open a non-expiring training account by opening a trading account holding $1,300.

Where can I find the MetaTrader4™ user guide?

The MetaTrader4™ user guide is available on the website or in the Account Management Personal Area. You may also want to use the help articles available in the terminal, as well as video tutorials on our website.

Where can I download the MetaTrader4™ software installation file?

The MetaTrader4™ installation package is available on the ForexClub website or from the Account Management Personal Area.

How can I restore my MetaTrader4™ password?

All traders’ passwords are encoded and cannot be restored. Instead, you reset your password.

To reset your password, please send a request using the feedback form.

What should I do if I added funds and they have not yet been deposited in my MetaTrader4™ account?

Please use the feedback form on our website.

I have downloaded the MetaTrader4™ platform. How can I log in to the terminal and start trading?

To log in, click File > Login and enter your user name and password.

The Server field has a dropdown menu. Select the ForexClub Server.

You will hear the confirmation bell, and then your account number will be displayed in the upper left corner of the platform screen.

If you see quotes moving in the Market Overview section and your account balance displays correctly in the Trading tab of the Terminal window, you have logged in successfully.

How can I withdraw funds from my MetaTrader4™ trading account? How much time does it take?

You can use any of the standard withdrawal methods our company offers. For example, you can withdraw funds to your personal WebMoney wallet or to a bank account. Funds are withdrawn in accordance with the ForexClub's code of services.

You can find out more about adding and withdrawing funds here: http://www.fxclub.org/condition_money/

How can I add funds to my MetaTrader4™ trading account?

You can use any of the standard funding methods our company offers. For example, you can add funds by credit card or wire transfer. You can also add funds from the Account Management Personal Area. Another option is to buy a Yandex.Dengi card at any of our branches and activate it in the TAM Personal Area.

You can find out more about adding and withdrawing funds here: http://www.fxclub.org/condition_money/

How can I open a MetaTrader4™ trading account?

You can open a trading account from the website or from the Account Management Personal Area.

You can also visit any Forex Club branch to open a trading account: http://www.fxclub.org/order/?from=forexclub_ru

How can I open a MetaTrader4™ demo account?

You can open a demo account on our website or from the client terminal. You can open a demo account from the trading terminal at any time: go to File > Open an Account.

You can also open a demo account at any Forex Club branch http://www.fxclub.org/order/?from=forexclub_ru.

How can I find out my MetaTrader4™ trading account number?

You can see your trading account number in your Personal Area in the Account Management system.

How can I change my MetaTrader4™ password and investor password?

Open the menu Tools > Settings > Server and click the Edit button.

How can I go to a specific place in the chart as quickly as possible? Scrolling through the whole chart is inconvenient.

Double-click in the left bottom corner of the chart to display the input window. This window lets you easily switch between charts and periods and move the chart to whatever point you want.

How can I create trend lines and use line tools?

Select Insert in the menu bar, then select the appropriate trend line.

As soon as you release the mouse button, the graphic icon of the selected trend is displayed with an attached cross-shaped pointer. Move the pointer to the selected chart using the mouse. To customize the length of the trend line, press and hold the mouse button when you move the pointer.

To display icons just below the menu bar, use the key combination for line tools (VIEW > TOOLBARS > LINE STUDIES).

There are additional functions that you can place at the top of the screen: trend lines, pointers, Fibonacci correction levels etc.

How can I add indicators to charts?

Select the necessary indicator in the Navigator menu and drag-and-drop it to the quotes charts. Or you can do the same thing using the menu Insert – Indicators.

How can I zoom in or zoom out the chart?

Make sure that the CHARTS toolbar is unlocked.

Then select the appropriate icon below the menu bar (either + or -).

Select one of these icons to zoom in or zoom out the chart.

You can also use the following shortcut keys: press Shift + to zoom in or press Shift - to zoom out.

How can I display a bar chart?

Select Charts > Bars in the top menu bar, or use the shortcut key Alt+1.

The history of my transactions is missing in the terminal. Why?

Display the whole history: Terminal window > Account History tab, right-click and select All History in the shortcut menu.

How can I display a candlestick chart?

Select Charts > Candlesticks in the top menu bar, or use the shortcut key Alt+2.

How can I display a line chart?

Select Charts > Line in the top menu bar, or use the shortcut key Alt+3.

What are the functions of built-in indicators?

Some built-in indicators in the Indicators list (Navigator menu) (CTRL+N) have advanced functionality:

  • you can attach them to the chart as a main window or as a separate subwindow and combine them with other indicators;
  • you can use input from other indicators.

This enhances the scope of application of the functions without the need to do programming in MQL4.

Indicators that can be combined in the subwindow:

  • Acceleration/Deceleration Oscillator
  • Accumulation/Distribution
  • Average Directional Movement Index
  • Average True Range
  • Awesome Oscillator
  • Bears Power
  • Bulls Power
  • DeMarker
  • Force Index
  • Gator Oscillator
  • Market Facilitation Index
  • Money Flow Index
  • Moving Average Convergence/Divergence
  • Moving Average of Oscillator
  • On Balance Volume
  • Relative Vigor Index
  • Stochastic Oscillator
  • Volumes
  • Williams’ Percent Range

Indicators that can be combined in the main window:

  • Alligator
  • Fractals
  • Ichimoku Kinko Hyo
  • Parabolic SAR

Indicators that can be combined in both windows (including all above):

  • Bollinger Bands
  • Commodity Channel Index
  • Envelopes
  • Momentum
  • Moving Average
  • Relative Strength Index
  • Standard Deviation

Indicators that can receive input from other indicator values:

  • Bollinger Bands
  • Commodity Channel Index
  • Envelopes
  • Momentum
  • Moving Average
  • Relative Strength Index
  • Standard Deviation

To calculate an indicator using input from another indicator, select the Apply to option in the indicator’s parameters:

  • Previous Indicator’s Data – use data from the most recent indicator attached to the main window or subwindow;
  • First Indicator’s Data – use data from the first indicator attached to the main window or subwindow.

Attachment of indicators that are opened in the subwindow by default to the main chart window:

You can attach subwindow indicators to the chart by dragging them to the relevant chart (set the Apply to option to First Indicator's Data on the Parameters tab). If the previously opened indicator is missing, the chart will be the source of data. Indicators that support this technique:

  • Commodity Channel Index
  • Momentum
  • Relative Strength Index
  • Standard Deviation
How are charts drawn in MetaTrader4™? Why do MetaTrader3™ and MetaTrader4™ charts differ?

MetaTrader4™ charts are based only on Bid prices.

How can I load the complete quote history?

Many traders need a long history of quotes to work with the strategy tester or to export data to other analytical programs. To load the complete history of quotes, do the following:

  1. Increase the maximum number of bars in the chart settings (Tools > Settings > Charts, Max Bars in history option). Remember, one day equals 1,440 minutes.
  2. Open Tools > Archive of Quotes (F2), select the appropriate instrument, then:
    1. double-click the desired instrument and click Load.
      MetaTrader4™ loads the history of minute quotes from MetaQuotes Software Corp* data archive and converts it to timeframes.
    2. double-click the desired timeframe line in the list.
      History for the selected timeframe is loaded.
A candlestick is missing on the chart. Why does this happen? What should I do?

Multiple candlesticks may be missing due to the loss of TCP packets (temporary loss of Internet connection). When this happens, you should update the chart (click the left mouse button on the chart / Update). This will load the missing data within the available history. If the missing candlesticks still do not display, do the following:

  1. Exit MetaTrader4™.
  2. Open the History folder (C:\Program files\ForexClub MТ4\history\ForexClub-Server).
  3. Delete files with filenames containing the relevant instrument for which the candlestick is missing.
  4. Launch MetaTrader4™.
How can I set a custom timeframe in MetaTrader4™ so that the chart updates in real time?

Suppose you want to create a 10-minute EURUSD chart updated online. To do this, open the minute EURUSD chart and the Navigator window. Open the Scripts folder in the Navigator window and add the script Period_Converter to the minute EURUSD chart.

Enter the new timeframe value: it is 10 for the 10-minute chart, 180 for the 3-hour chart etc.

Then you must enable the import of functions from DLLs. You can unselect manual confirmation to allow the script to automatically attach the DLL without your confirmation. After you enable, click OK.

The now script becomes active on the minute chart and generates and records the new history file (you can view relevant entries in the Experts journal).

The Experts journal includes an entry about the new generated history file that contains a number of entries.

In the File menu select the item Open Offline.

Find the custom history file EURUSD M10 in the database and load it.

If the Manual Confirmation of Call option was selected for DLL calls, after the offline chart is opened, the relevant request for confirmation will be displayed at the first tick: click Yes.

Then a new entry appears in the Experts journal stating that the chart window is found: this means that the script has started to track the opened custom history window, so it will updated at each new tick.

Now the 10-minute chart moves just like the minute one.

How can I change periodicity of charts in MetaTrader4™?

To add periodicity to the main menu, open VIEW > TOOLBARS > Chart Period. If necessary, use the following reference symbols of periodicity on charts:

M1 = 1 minute
M5 = 5 minutes
M15 = 15 minutes
M30 = 30 minutes
H1 = 1 hour
H4 = 4 hours
D1 = 1 day
W1 = 1 week
MN = 1 month

How can I add custom indicators?

Files containing custom indicators must be in the.mql format.

** In this example the indicator we want to add has the name test_indicator.mql.**

Just do the following:

Use the Save As command to save the file to the folder C:\Program Files\FXDD-MetaTrader4\ experts\indicators\.

After the file is saved, find the file test_indicator.mql in this folder. The file is marked with a yellow hexagon with an exclamation mark.

Restart MetaTrader4™ and find the new indicator in the left pane of the Navigator in the Custom Indicators folder.

To add the indicator to the chart, just select the chart and then double-click the indicator in the Custom Indicators folder, select values that are different from the default ones that you want to edit, and then click the OK button.

Can I launch the trading terminal from different computers?
Can I launch multiple terminals with different accounts on the same computer?

Yes, but to enable simultaneous operation of multiple terminals, you must install them in different directories.

How can I trace the server?

The tracert command lets you trace the request route and identify where there are transmission issues. The command's output is a table where each line corresponds to one route point. The first line in this table is your gateway address, then interim points and the target server are indicated. To execute the tracert command, enter "tracert IPAddress" without quotes (specify the IP address of the server to be checked after tracert) in the command line window.

Click the button "Start” in the bottom left corner of your screen and then select Run.

In the displayed window enter cmd and click OK.

In the new black window enter tracert IPAddress (server IP) and press the Enter key.

Copy the output and send it to us for analysis.

How to copy the output window:

  • Right-click the black screen with the tracert output;
  • Click Select All;
  • The window must become white;
  • Press the Enter key, and the data will be copied to the clipboard;
  • Insert the data to any text document by clicking the right mouse button → Paste or press Ctrl+V.
What are the differences between the MetaTrader4™ versions for PC, PDA and smartphone?

A mobile terminal does not support custom indicators and Expert Advisors.

What factors influence the program’s incoming and outgoing traffic?

MetaTrader4™'s traffic depends on a number of factors: the number of opened charts, the number of instruments in the Market Overview window, the online time, etc., so we cannot provide you with exact traffic data. To decrease traffic, close all unnecessary charts and remove unnecessary instruments from the market overview.

How can I transfer my graphic charts from one PC to another (PDA, smartphone)?

You can export graphic charts (levels, trend lines, etc.) from MetaTrader4™ installed on one computer to another PC, PDA or smartphone. As line objects are saved in templates, you can just move the tpl file of the saved template from MetaTrader4\templates to the equivalent directory on the target device.

What mobile devices does MetaTrader4™ support?

MetaTrader4™ Mobile supports PDAs with Windows CE or Windows Mobile installed.

Is there a MetaTrader4™ trading terminal for MacOS?

There is no MetaTrader™ terminal for MacOS, but you can work with the terminal via an emulator such as CrossOver.

Is there a MetaTrader4™ trading terminal for Linux?

There is no MetaTrader™ terminal for Linux, but you can work with the terminal via wine or an emulator. It has been announced that the latest versions of wine@etersoft support MetaTrader4™.

Can I work with the same account from different computers simultaneously?

Yes. MetaTrader4™ lets you connect to the trading account from a number of terminals simultaneously. When you do this, all the functions are available on each terminal.

I work with a MetaTrader4™ trading account. What should I do if the connection to the server is bad or lost?

Call your dealer, tell him your account number and password, execute deals and manage orders via phone, if you are signed up for this service.

I cannot access my account. The terminal displays the No Connection error message.

Possible causes:

  • No Internet connection;
  • Port 443 may be blocked in your network, and you connect to the Internet via a proxy server. If you are using a corporate network, this is the most likely cause. Contact your system administrator to find out the proxy server address and port number used to connect to the Internet, then specify these in the terminal settings (Tools > Settings > Server / select "Allow Proxy" / click the button "Proxy..." / enter proxy address, proxy port, login and password);
  • A firewall application (antivirus software) is blocking port 443 on your computer. Windows Firewall also works as a firewall. If this is the case, you must add MetaTrader™ to the list of trusted applications or open port 443.
Which port does the program use?

MetaTrader4™ listens to Port 443. This port must be opened.

How can I view all currency pairs? Why are some currency pairs not displayed in the terminal?

Window Market Overview > Display All Symbols.

What is the Stop Level field in the symbol specifications window?

It is the recommended (but not minimum) possible value available for pending orders.

How can I display upper and lower price limits in the window Market Overview?

Right-click anywhere in this section.

Click Maximum/Minimum. This will show you the upper and lower price limits for each currency pair for the given day.

What is a level in the trading terminal?

Generally a level is an equity/margin ratio. In ForexClub this parameter shows the remaining percentage value for the Stop Out.

I see one price in the terminal. How can I display both prices?

Chart settings: General > Show ASK line.

Why don't I see previous transactions in the account history?

Right-click in the tab Account History and click the menu item "All History."

How can I display the screen ruler?

Display the Crosshair (CTRL+F), click the first dot with the left mouse button and move the pointer to the second dot without releasing the button. The digital value at the cursor will show a number of bars/distance in pips/bid price where the pointer is.

What is the Navigator?

The Navigator window provides quick access to various program functions.

  1. Accounts - a list of accounts. To switch to a different account, double-click on it.
  2. Indicators - a list of available technical analysis indicators. Double-click the selected indicator to add it to the current chart. You can also drag-and-drop any indicator to the selected chart. Click and hold the left mouse button on the selected indicator and then drag it to the chart.
  3. “Expert Advisors” – a list of available expert advisors. Expert Advisor is a program written in MetaQuotes Language 4 for implementing a specific trading strategy. The Expert Advisor has access to the terminal data and can execute trading transactions automatically.
  4. Custom Indicators – a list of all available custom indicators, (programs written in MetaQuotes Language 4 that are used as indicators).
  5. Scripts – libraries of custom functions that are used to keep frequently-used parts of custom programs.

Click + to expand the group content. Click - to collapse the group content.

What timeframes are available in automatic mode?

Automatic mode offers the same timeframes as the full mode.

What is the reference price for charts in the terminal?

The Bid price.

What is a summary exposition and how can I use it?

MetaTrader4™ allows you to track total exposure, profits/losses and average weighted entry prices for all open positions on a specific symbol using the custom indicator iExposure, which is especially convenient when you have multiple positions in different instruments.

All you have to do is add iExposure to the chart from the Custom Indicators list in the Navigator window (CTRL+N).

As a result, the chart window will display a real-time summary for each symbol with positions.

  • Symbol – symbol;
  • Deals – the total number of open positions for the symbol;
  • Buy Lots – the total size of buy positions for the symbol;
  • Buy Price – a weighted average price to open a buy position;
  • Sell Lots – the total size of sell positions for the symbol;
  • Sell Price – a weighted average price to open a sell position;
  • Net Lots – a summary position for the symbol;
  • Profit – a summary of profit/loss for the symbol.

Note:
iExposure displays changes in open positions with the next tick of the relevant symbol.

What chart types are available in MetaTrader4™?

The trading terminal lets you simultaneously display any number of charts for various currencies and with different time intervals. Charts are drawn in real time.

MetaTrader4™ supports the following chart types:

  • Line Chart. On this chart axis X shows time units (minutes, hours, days, months etc.), and Y axis is arithmetic. Closing prices – the last quotes in each period (every minute, every hour etc.) – are used to draw a chart. The resulting chart dots are connected with straight lines.
  • Bar Chart. This chart consists of bars showing the maximum high price (top of the bar), minimum low price (bottom of the bar), opening price (the hash on the left of the vertical bar) and closing price (the hash on the right of the vertical bar) for the given period of time (e.g. for 1 hour).
  • Candlesticks. Drawn like bar charts. Forecasting based on candlestick charts became one of the most popular techniques of technical analysis in the 1980s and 90s. This is one of the most intuitive and visual methods.
Why isn't all the news translated into Russian for the trading account in the terminal?

If you have a demo account, only the news from the news agency Prime-TASS (only in Russian) is available with a 30-minute delay. For clients with trading accounts, the complete news feed DJ Forex is available in the terminal.

The news feed DJ Forex is a joint project of the world's largest news agency Dow Jones Newswires and the Russian leading news agency Prime-TASS. All news is sent to the client terminals as it is received from the above-mentioned sources.

News articles from Dow Jones Newswires come in English, and the most important articles are translated by Prime-TASS into Russian.

How can I receive information on the account and transactions for a given day in MetaTrader4™?

Open the TERMINAL section in your platform. If this section is not displayed, open VIEW > TERMINAL (or use the key combination Ctrl+T).

Then do the following:

In the TERMINAL section, click the Account History tab.

Your account history is displayed on this tab. You can print out the information, if necessary.

Right-click anywhere in this section.

Click Save as Report. (You can save the information as an HTML file that can be converted to Excel and stored in your archive.)

Can I quickly look up a position from the account history on the chart?

Yes. All you have to do is drag-and-drop the ticket (a unique identifier for each position, order or non-trading transaction assigned by server and displayed in the client terminal) of the position to the chart. MetaTrader4™ will draw entry and exit markers.

Can I receive text notifications about alerts in MetaTrader4™?

To set forwarding of information about alerts as text messages to your mobile phone, enter the address in the recipient field "To" in email settings TOOLS > OPTIONS > EMAIL.

This address is determined by the mobile operator (contact your operator’s support) and is usually a 10-digit phone number followed by @ and the ISP address.

Can I receive email notifications about market events?

To configure distribution of notifications about market events via email in MetaTrader4™, do the following:

(Please note that all SMTP settings are determined by your ISP. If this error message is displayed, contact your ISP's support and ask them for SMTP settings.)

SMTP Server – your ISP's mail server address. SMTP Login – your user identifier (name) to access your mailbox. SMTP Pass – your password to access the mailbox. From – the address you send email messages from. This is usually the same address that is indicated in the SMTP Login field. To – the address you send mail to.

Before you click the button TEST, click the button OK to save all the settings, and then go back to TOOLS > OPTIONS to verify them. Check the JOURNAL window for error messages (Terminal > Journal). You can combine email settings in the tools menu with expert advisors and notifications about market alerts that trigger delivery of email messages to your mailbox. We do not support this mechanism.

Click the ALERTS tab in the TERMINAL window. Right-click in this window and click CREATE in the shortcut menu.

Change the ACTION menu to the MAIL menu.

Set your own parameters.

Notice the "..." button to the right of the SOURCE field. Click this button to edit specific email settings as necessary (such as subject and message body lines). If the message is forwarded to your mobile phone, please remember that in some phones the message length is limited by 160 characters, including the subject line.

We recommend that you edit the Timeout and Max Iterations menus (see below).

Click OK.

“Timeout” means that as soon as the criterion is met, a standby period starts that lasts for X seconds. After that the next signal is generated. “Max Iterations” means that the signal will be generated X times, after which the signal broadcasting will be stopped.

Therefore, if you leave the default settings, you will receive the email message every 10 seconds for the next 3 hours.

I have specific user settings that I want to load every time the platform is launched. Can I configure them to load automatic

To load settings automatically by default each time a new chart is opened or edited, click the Template button (usually it is the button on far right of the toolbar), click Save Template and assign the name "Default" to the template.

When you save a template, you save the following chart settings:

  • type of chart (bars, candlesticks or lines);
  • color palette of the chart (zoom in or zoom out);
  • all your indicators;
  • all expert advisors;
  • day separators.
Are there any shortcut keys that make it easier to manage the MetaTrader4™ platform?

A number of shortcut keys are available, and you can also assign your own shortcut keys (see the user guide).

Here is a list of widely-used shortcut keys:

  • Ctrl + T – hide/display the terminal window in the MetaTrader4™ window;
  • Ctrl + O – display the terminal settings window where you can enter an authentication date and set other program parameters;
  • Ctrl + N – open the navigator window;
  • Ctrl + Y – display period separators in the chart;
  • Ctrl + L – display sizes in the chart.
How can I select a language in MetaTrader4™?

Click View > Languages: after the terminal is reset, the language will change accordingly.

What time is displayed in MetaTrader4™? Can I change it?

Typically MetaTrader4™ displays GMT. The time is set on the server side and cannot be changed from the client terminal.

How can I load the history of quotes in MetaTrader4™?

Service > Quotes Archive or press F2.

When I try to execute a transaction, the terminal displays the message "Trade Flow is Busy.". Why does this happen?

This error message is displayed if, during your PREVIOUS transaction, you did not wait until it was executed and clicked the Cancel Order button.

You must restart the terminal.

Why is the New Order button not active?

You have logged in to the server using the investor password. To see an active New Order button, change the password to your primary password in the settings.

What happens if I have a Stop Loss order for an open position and a Trailing Stop order for the same position?

If the Trailing Stop is triggered, a new Stop Loss order emerges as determined by the Trailing Stop.

What is Instant Execution?

Instant Execution means that you do not have to request a quote from the dealing center as you see real-time quotes in the window New Order. If you like the quotes provided by the dealing center, click the Buy or Sell button at any time to open a buy or sell position.

Market Overview quotes for currency pairs traded by Instant Execution are stream data provided by the dealing center to execute transactions.

I cannot place a pending order. The terminal displays the message "Invalid S/L or T/P". How does a pending order work?

A pending order is your order to open a position when the price reaches a specified level.

To set a pending order, open the New Order window using any method described in the Opening/Closing a Position section, or switch the type to Pending Order. In this window you can edit values in the following fields:

  • Symbol – the underlying currency pair the pending order is placed for;
  • Size – size of the transaction (number of lots);
  • Stop Loss – the Stop Loss level that is triggered after the pending order is executed;
  • Take Profit – the Take Profit level that is triggered after the pending order is executed;
  • Comment – your comments for the pending order;
  • Type – type of pending order: Buy Stop, Buy Limit, Sell Stop, Sell Limit;
  • Price – the level of the pending order;
  • Expiry – if the checkbox is not selected, the order is valid unless it is cancelled or executed. If the checkbox is selected, the pending order expires as determined in this field.

Click the Place Order button to complete the pending order and display it in the Trading tab of the Terminal window.

To cancel or delete the pending order, select it in the Terminal window, right-click and select Modify or Delete Order in the shortcut menu. Click the Edit button to change the level of the order, or click the Delete button to delete the pending order.

What is the reference time for expiry of orders?

Order expiry is determined by the server time, which is usually GMT.

That is why expiring orders are cancelled without regard to whether the terminal is on or off. This limitation is applied to all pending orders: BUY_STOP, BUY_LIMIT, SELL_STOP and SELL_LIMIT.

The terminal displays the message "Market Closed" when I try to place an order.

That means that the trading session for the financial instrument is closed. You can find out trading hours for different markets on our website.

How can I reverse a position in MetaTrader4™?

Automatic reversal is not yet available in MetaTrader4™, but there are a number of ways to do this manually:

  1. Open an opposite position, and then close the initial one.
  2. Open an opposite position for an amount that is twice as large. Then close both positions using the Close Overlapped option. As a result, the reverse position remains. Unlike the first method, this method lets you avoid paying the spread value for both positions.
Can I trade on a weekend using MetaTrader4™ like Modern?

No, this function is available only in the Modern terminal. We have no plans to implement this function in MetaTrader4™ in the near future.

Can I trade in gold, silver, stocks and other CFD instruments via the MetaTrader4™ platform?

Not yet, but we plan to release this function soon. Follow our website for more news.

What is the minimum deposit for MetaTrader4™ accounts?

The minimum deposit size is $200. The recommended initial deposit is $5,000.

What leverage is allowed in MetaTrader4™ trading?

Typical leverage is 1:100, though 1:50 and 1:200 leverage is also available. Maximum leverage for accounts holding over $300,000 is 1:20.

You can find more details on our website (see Trading Conditions).

What is the standard lot size in MetaTrader4™?

100,000 base currency units is a standard lot, and 1 000 base currency units is our minimum lot. This is denoted as 0.01 in the Size field.

Can I use a lot size in MetaTrader4™ that is different from those available in the Open Position window list?

Yes. All you have to do is enter the lot size manually in the Size field of the transaction window. The terminal will check the size against tariff conditions and margin requirements. If the size is not valid, the terminal will not allow you to open the position.

Can I trade simultaneously via a number of platforms: Modern, RUMUS, MetaTrader4™?
How can I reverse a position in MetaTrader4™?

Automatic reversal is not yet available in MetaTrader4™, but there are a number of ways to do this manually:

  1. Open an opposite position, and then close the initial one.
  2. Open an opposite position for an amount that is twice as large. Then close both positions using the Close Overlapped option. As a result, the reverse position remains. Unlike the first method, this method lets you avoid paying the spread value for both positions.
Can I trade on a weekend using MetaTrader4™ like Modern?

No, this function is available only in the Modern terminal. We have no plans to implement this function in MetaTrader4™ in the near future.

Why do I get the message "NO TRADING ALLOWED" from MetaTrader4™ when I try to create or edit an order?

You are probably using your investor password to access the account. To execute transactions, change the password to your primary password in the settings. Your investor password is only applicable in view mode.

What order types are supported by MetaTrader4™?

The MetaTrader4™ trading platform supports the following order types (pending orders):

  • Buy Stop – the Client wants to buy at a higher price than the price available when the order is placed;
  • Sell Stop – the Client wants to sell at a lower price than the price available when the order is placed;
  • Buy Limit – the Client wants to buy at a lower price than the price available when the order is placed;
  • Sell Limit – the Client wants to sell at a higher price than the price available when the order is placed;
  • Stop Loss – a pending order attached to an open position or pending order and used to minimize losses. Its purpose is to automatically close the position if the floating loss reaches a critical level.
  • Take Profit – a pending order attached to an open position or pending order and used to take profits. Its purpose is to automatically close the position if the floating profit reaches a positive value determined by the trader.
  • Trailing Stop – a pending Stop Loss order also used to minimize risks. Unlike Stop Loss orders, if floating profit increases the Trailing Stop pending order automatically follows the price in a positive direction. The primary parameter of the Trailing Stop order is the distance from the current price, which remains the same during movements in the pending order. Trailing Stops can only be attached to open positions. This order works only when the trading terminal is connected. The Trailing Stop level is not indicated in the chart.
Can I analyze your quotes in Omega ProSuite 2000?

Yes. Simply use the same method as described for Metastock.

Can I analyze your quotes in Metastock or other technical analysis applications?

MetaTrader4™ supports the DDE protocol that can be used to export data online to Metastock. See more info in help.

Another method: The Metastock suite includes the Downloader application. You should save the MetaTrader4™ chart with a .prn extension, then open the Downloader, click the Convert button and select the file type in the popup window: ASCII text, file name – your .prn file, then click OK (specify the new chart name in the popup window). Launch Metastock and open the file that was converted using Downloader.

I cannot connect with the server

If your trading platform is unable to connect to our server, you must check the quality of the connection on your computer to our servers (via ping, tracert), to see the statistics for the connection of your access point with us.

To do this, you need to: Run a command prompt, click Start - Run ... "cmd or write command (it depends on your version of Windows). A window with a black background and white text will appear. Once you have checked the connection, our support team will be better equipped to find the reason why you cannot connect with our services.

To acquire more information on your connectivity, you need to perform a ping, tracert and telnet.

To check this, please follow this link:

ping rt-prim.fxclub.org

If the resulting message is an error message, it means that either there is no connection at all or that you do not have a connection to your DNS-server. Talk to your ISP.

To check the tracert paths, please follow :

tracert rt-prim.fxclub.org

The result of the command is a list of servers that reveals the amount of times a request has been made and the time of the request. This is best done when you are not attempting to connect with our servers to see where exactly the problem.

To check whether you have opened the correct ports to work, write to:

telnet rt-prim.fxclub.org 2020

If the result of the command is an error, then the port is closed. If this is the case, you can read the solution by clicking here. You can similarly check other servers for the classic circuit, and for the modern scheme. To address this, instead of rt-prim.fxclub.org type the address of the server.

Of course, the many issues left over by your ISP or system administrator.

Please, before making conclusions about the failures of our equipment, etc., please contact our Customer Support Department by phone 1 800 575 2810 or via the feedback form, and we will try to help you

What if ports 1001-1006, 2000, 2020, 2022 are closed?

 

  1. You can ask the local network administrator or ISP to open them. This is the most reliable method, but not the most accessible.
  2. You can try to use a program to bypass the closed ports, such as HTTPort. This allows you to connect via open ports, but it guarantees 100% performance servers, through which will be «redirects» queries, no.
  3. You can try to work through the alternate ports that are normally open: 443, 80, 110. 80 port - a port of the normal HTTP connection, 110 - port for POP3 connections, 443 - port for a secure HTTPS difficulty of this method is that if the level of security / limits on the local network is high enough, then it is possible that the presence of filtering compounds through these ports, which can not pass our bags because they are different protocols. To do this you need to download the settings for your program (Rumus2 - transport.cfg)

Please note that the original configuration files are listed only ports 110 and 80. If on the connection will not be found, it can be opened for editing these files and replace them yourself one of the ports on the 443 (the entire file, not just for certain people).

If you are in a difficult situation with the launch of our software with the job of the office or the provider limits your access to the Internet, you start only on a limited list of services. And also can not reach agreement on opening access to the required ports, try to use the following configuration file. This revolutionary solution enables you to try to connect to our servers via port 110 or 80 to 90% probability. As usual, these ports are left open, as used by the browser and email program.

Here is a working configuration file:

For Rumus:

 

  1. Close Rumus2.
  2. Open the file transport.cfg to combine my notebook, he is at the root folder Rumus2, by default C:\Program Files\FxClub\Rumus2
  FOR ASIA

[Address FxV1]

Port RT First = 110

Port RT Second = 80

Port HT First = 110

Port HT Second = 80



Address RT First=rt-cn-prim.fxclub.org

Address RT Second=rt-cn-sec.fxclub.org

Address HT First=hist-cn-prim.fxclub.org

Address HT Second=hist-cn-sec.fxclub.org



[News Server]

IP=news-cn-prim.fxclub.org

Port=2000

Secondary IP=news-cn-sec.fxclub.org

Secondary Port=2000



[RealDealer Server]

IP=dealing-cn-prim.fxclub.org

Port=1004

Secondary IP=dealing-cn-sec.fxclub.org

Secondary Port=1004



[RealData Server]

IP=dealing-cn-prim.fxclub.org

Port=1003

Secondary IP=dealing-cn-sec.fxclub.org

Secondary Port=1003



[Real FB Dealer Server]

IP=dealing-cn-prim.fxclub.org

Port=1006

Secondary IP=dealing-cn-sec.fxclub.org

Secondary Port=1006



[Real FB Data Server]

IP=dealing-cn-prim.fxclub.org

Port=1005

Secondary IP=dealing-cn-sec.fxclub.org

Secondary Port=1005



[VirtualDealer Server]

IP=dealing-cn-prim.fxclub.org

Port=1002

Secondary IP=dealing-cn-sec.fxclub.org

Secondary Port=1002



[VirtualData Server]

IP=dealing-cn-prim.fxclub.org

Port=1001

Secondary IP=dealing-cn-sec.fxclub.org

Secondary Port=1001



[CHGKData Server]

IP=dealing-cn-prim.fxclub.org

Port=1007

Secondary IP=dealing-cn-sec.fxclub.org

Secondary Port=1007



FOR US CLIENTS

[Address FxV1]

Port RT First = 110

Port RT Second = 80

Port HT First = 110

Port HT Second = 80



Address RT First=rt-us-prim.fxclub.org

Address RT Second=rt-us-sec.fxclub.org

Address HT First=hist-us-prim.fxclub.org

Address HT Second=hist-us-sec.fxclub.org



[News Server]

IP=news-us-prim.fxclub.org

Port=2000

Secondary IP=news-us-sec.fxclub.org

Secondary Port=2000



[RealDealer Server]

IP=dealing-us-prim.fxclub.org

Port=1004

Secondary IP=dealing-us-sec.fxclub.org

Secondary Port=1004



[RealData Server]

IP=dealing-us-prim.fxclub.org

Port=1003

Secondary IP=dealing-us-sec.fxclub.org

Secondary Port=1003



[Real FB Dealer Server]

IP=dealing-us-prim.fxclub.org

Port=1006

Secondary IP=dealing-us-sec.fxclub.org

Secondary Port=1006



[Real FB Data Server]

IP=dealing-us-prim.fxclub.org

Port=1005

Secondary IP=dealing-us-sec.fxclub.org

Secondary Port=1005



[VirtualDealer Server]

IP=dealing-us-prim.fxclub.org

Port=1002

Secondary IP=dealing-us-sec.fxclub.org

Secondary Port=1002



[VirtualData Server]

IP=dealing-us-prim.fxclub.org

Port=1001

Secondary IP=dealing-us-sec.fxclub.org

Secondary Port=1001



[CHGKData Server]

IP=dealing-us-prim.fxclub.org

Port=1007

Secondary IP=dealing-us-sec.fxclub.org

Secondary Port=1007



FOR EUROPE

[Address FxV1]

Port RT First = 110

Port RT Second = 80

Port HT First = 110

Port HT Second = 80



Address RT First=rt-ru-prim.fxclub.org

Address RT Second=rt-ru-sec.fxclub.org

Address HT First=hist-ru-prim.fxclub.org

Address HT Second=hist-ru-sec.fxclub.org



[News Server]

IP=59.148.221.66

Port=2000

Secondary IP=59.148.221.68

Secondary Port=2000



[RealDealer Server]

IP=dealing-ru-prim.fxclub.org

Port=1004

Secondary IP=dealing-ru-sec.fxclub.org

Secondary Port=1004



[RealData Server]

IP=dealing-ru-prim.fxclub.org

Port=1003

Secondary IP=dealing-ru-sec.fxclub.org

Secondary Port=1003



[Real FB Dealer Server]

IP=dealing-ru-prim.fxclub.org

Port=1006

Secondary IP=dealing-ru-sec.fxclub.org

Secondary Port=1006



[Real FB Data Server]

IP=dealing-ru-prim.fxclub.org

Port=1005

Secondary IP=dealing-ru-sec.fxclub.org

Secondary Port=1005



[VirtualDealer Server]

IP=dealing-ru-prim.fxclub.org

Port=1002

Secondary IP=dealing-ru-sec.fxclub.org

Secondary Port=1002



[VirtualData Server]

IP=dealing-ru-prim.fxclub.org

Port=1001

Secondary IP=dealing-ru-sec.fxclub.org

Secondary Port=1001



[CHGKData Server]

IP=dealing-ru-prim.fxclub.org

Port=1007

Secondary IP=dealing-ru-sec.fxclub.org

Secondary Port=1007

This quote is no longer available. Please re-request the quote.

The rapid loss of quotations linked with communication problems, namely, delays in data transmission, if the delay between the dealer and client is more than 5000 milliseconds (5 seconds). The dealer sends the customer quotation, and a package with this quotation is in the client terminal. In 7 seconds system that the client sends a command that the quotation is no longer valid. On the way to the client the package may "catch up" with the quotation package, and they will almost be at the same time. If the client still managed to press the button, and the pressing came to the dealer later than 7 seconds have expired, they will receive the message

Sometimes, to answer the question about the difficulties you need to connect the servers to check with the command ping, telnet, tracert.

First of all you need to check, using Ping dns_servers, as a result you will receive information on lost bags and time for the signal.

If you receive a percentage of lost packets is more than 5%, it is possible to conclude that the poor quality of Internet Channel, which can cause difficulties. Then you need to check with the command tracert dns_servers The result will be shown in knots, through which passes a signal from your computer to a remote server. At the step where the values are very large (1000 and counting) - it will host, in which there are long delays, resulting in and loss of packets may occur.

If en-route the signal appearing «star», and go to the last node, it can be concluded that this node has no further need to contact your ISP to determine the causes. Please note that if you're in the audit will be «star» message «timeout expired», but the final site will still be our server, it does not say yet that there is a problem on this site, and possibly This site is closed from Ping. This suggests that, unfortunately, you have low bandwidth of your Internet bandwidth, which does not correctly receive the news (response time of servers your ISP more than the allowable values). We advise you to contact your ISP to improve it (showing that checking), or change the Internet access point.

Next you need to check whether the port is open. To do this in a command prompt, type: telnet dns_server port_server If as a result of this command, you will not receive a welcome message (to be a black box or an error message), this indicates that the port is closed. * In case the dealer or check the server data, a simple black box as a result of a successful connection. This information will assist you in locating the causes of difficulties in their work.

This quote is no longer available. Please re-request the quote.

Why do i have connection problems?

To answer the question "Why i can't work in a platform?" need to check the quality of the connection on your computer to our servers (ping, tracert), to see the statistics for the connection of your access point with us.

To do this you need to: Run a command prompt, click Start - Run ... "cmd or write command (it depends on your version of Windows). A window with a black background and white text. Once you have checked the connection, we can talk about the reason why you can not communicate with our services.

For a more complete picture needed to get static on the ping, tracert and telnet.

To check the link please:
ping rt-prim.fxclub.org

If the result of the team will mistake - it means either there is no connection at all or you do not have a connection to your DNS-server. Talk to your ISP.

To check the paths request of you to write to us:
tracert rt-prim.fxclub.org

The result of the command is a list of servers, through which passes the request, as well as the passage of time request. This is best done when you have a "brake" relationship with our servers to see where exactly the problem.

To check whether you have opened the correct ports to work, write to:
telnet rt-prim.fxclub.org 2020

If the result of the command will error, then the port is closed. What to do in this case, you can read here

You can similarly check other servers for the classic circuit, and for the modern scheme. To address this, instead of rt-prim.fxclub.org type the address of the server.

Of course, the many issues left over by your ISP or system administrator.

Please, before making conclusions about the failures of our equipment, etc., please contact our Customer Support Department by phone 1 800 575 2810or via the feedback form, we will try to help you.

How to set firewalls and antiviruses so there is no connection problems?

To check whether the reason for the lack of connection, firewall, try disabling it. If the relationship has, enable and configure it. Typically, the firewall for home use has a learning mode, which gradually adjusted the program.

If you do not have firewalls, and the operating system is Windows XP SP2 or above: add Rumus2 or Modern in the firewall exception list Windows. For the first time Windows will ask you to authorize the connection or not. You should tell him to "permit" ( "unblock").

In doing so, you add Rumus2 or Modern in the list of exceptions. If you do so at the first time please: Go to Control Panel / Control Panel, Security Center / Windows Security Center, firewall / Windows Firewall - and there on the tab "Exceptions" and add Rumus2.exe Modern.exe. After that, everything should work.

What are the programs whose work may affect the quality of connection?

Below is a list of programs that may affect the work Rumus2 and Modern. If you have any problems with Rumus2 or Modern and installed one of them --- check its influence on the work, completely uninstall or disable it (to check to make sure that it is in it). If the removal program will not help - is hampered by something else.

Of all the programs for the protection (on the problems of the users) first place in conflict with our program is Kaspersky products (antivirus, Antihaker, Internet Security), as well as antivirus Avira Avast.

So, check whether you have something of the following:

Antivirus:

Kaspersky (antivirus, AntiHaker, Internet Security), NOD32, Symantec (Norton AntiVirus, Internet Security), Trend PC-Cillin, Avast, DrWeb, McAfee Antivirus.

FireWalls - the program controlling the connection to the network or the Internet:

Outpost, UserGate, WinProxy, WinRoute, ZoneAlarm, Norton Internet Security, etc.

Most of these programs are able to fully turn it off. To verify that the problem in Rumus2 or Modern is caused by them, disable them, restart Rumus2 or Modern, and check again.

The connection requirement

The most important requirement - reliability.

You can also work through a modem (dial-up), but then a lot will depend on the quality of your telephone line provider of congestion and other factors, which affect neither we nor you are not in force. Therefore, this method is not suitable for everyone.

Many cellular operators are providing an opportunity to use GPRS to work on the internet - please ask your operator's terms and pricing of this service (for that you must have phone that supports GPRS).

One of the latest connections is so-called "broadband" access via the ADSL modem. The quality of this method of access to the network in many ways superior to all these, being the latest.

ClassicFOREX Terms and Conditions

Spreads

Spreads
3 pips: EUR/USD
4 pips: USD/CHF, USD/JPY, EUR/CHF,
EUR/JPY, GBP/USD, NZD/USD
5 pips: EUR/GBP, USD/CAD, AUD/USD
6 pips: CHF/JPY, CAD/JPY
8 pips: GAUD/CAD, BP/JPY, GBP/CHF
10 pips: EUR/CAD, AUD/JPY, AUD/CHF, EUR/AUD, CAD/CHF, NZD/JPY
15 pips: GBP/CAD
*Updated on July 6, 2008

Trading hours

The Forex market opens at 21:00 GMT on Sunday and closes at 21:00 GMT on Friday. Forex Club's trading platform is open throughout the whole global session. Forex Club also provides an over-the-phone trading service from 8 am to 5 pm EST Mon-Fri.

Maximum leverage

  • 100:1 for accounts from $10 to $300,000
  • 20:1 for accounts over $300,000
  • Minimum trade size is 1,000 which is equivalent to $10 traded with the maximum leverage ($10x100=1,000).

Leverage in a base currency

Leverage is offered in the base currency which means that each dollar in your trading account allows you to purchase up to 100 units of any currency. For example, if you have $1,000 in your account, you can buy 100,000 GBP/USD or 100,000 EUR/USD.

Orders

Available orders include Stop-Loss, Take Profit, OCO, and If Done. All orders are GTC (Good till Canceled). All orders may be placed no closer than 10 pips from the current market price.

Reversal of positions

Forex Club allows its customers to change the side of a position (long/short) without having to close it and fixing current P/L. For example, a day trader with an aggressive trading strategy and a deposit of $5,000 opens the following position: Buy 500,000 GBP/USD (LONG). A few moments later he decides to reverse his position (to go SHORT) in the same currency pair and for the same amount. Forex Club will allow him to sell double the amount of a current position (1,000,000 GBP/USD) to change the position to Sell 500,000 GBP/USD (SHORT). The opening rate of this altered position will be calculated in accordance to spread charges and any P/L the original position made

SWAP

Forex trading is a SPOT trading, which means that all trades are settled on the second business day after your position has been opened. SWAP operation is used to avoid the physical delivery of a currency. In essence, in the end of each trading day, all positions are closed and immediately re-opened at SWAP price. SWAP is executed automatically at 21:00 GMT.

In your trading report, you will see two lines: closing of position (SWAP t/n) and opening of the same position (SWAP open). Re-opening rate will be adjusted for SWAP pips. SWAP pips are determined by the interest rate for currencies that are used in the position. You can find our exact values of SWAP pips below.

Value date (date of delivery of currency) for trades carried from Wednesday to Thursday is Monday. Hence, SWAP pips will be calculated for three days.

  Long Short
CHF -0,7 -0,0
EUR 0,6 -1,4
GBP 1,1 -2,0
JPY 0,0 -0,8
EUR/CHF 0,0 -0,5
EUR/JPY 1,4 -2,0
EUR/GBP -0,2 -0,1
GBP/JPY 1,6 -2,5
AUD 1,2 -1,6
CAD -0,6 0,2
NZD 1,2 -1,9
GBP/CHF -0,1 -1,5
CHF/JPY 0,5 1,0
AUD/JPY 1,4 -1,8
EUR/CAD 0,4 -0,9
GBP/CAD 0,8 -1,4
AUD/CAD 0,8 -1,2
AUD/CHF 0,8 -1,2
CAD/JPY 0,3 -0,7
EUR/AUD -1,6 1,3
CAD/CHF 0,0 -0,3
NZD/JPY 1,5 -1,9
Minimum initial deposit

The minimum initial deposit puts no special requirements. However, all transactions are technically restricted by requirements as to collateral supporting minimal trading operations.

Based on the statistics of successful traders, and to avoid losses caused by failure to comply with the rules of capital management, we recommend that you follow our low risk tactic and observe proper money management strategies.

Please find the following information: *

Your Deposit (in USD) Maximum Trade Size (with 200:1 leverage) Minimum Trade Size Risk
$50 10, 000 1,000 (20:1 leverage) High Risk
$200 40,000 1,000 (5:1 leverage) Moderate Risk
$1,000 200,000 1,000 (1:1 leverage) Low Risk

* For all types of accounts.