Meta Trader 4 Platform Quiz
Do you know what these terms mean?
Waiting for Update
Trade Context is Busy
Bid – Ask
MT4 charts are bid charts
Margin
Waiting for Update
“Waiting for Update” is a common message with a new account or when switching between a mini
and a standard accounts. There is an easy solution. Go to the Market Watch window, left click
and hold down the mouse key on the pair you want to see in the chart and drag that pair onto
the chart that says “Waiting for Update”. Release the mouse key and this will automatically
update the chart.
Trade Context is Busy
You receive “Trade context is busy” when you try to process two or more orders at the same time.
If you have placed a trade and do not wait until it processes completely and then try to place
the same trade or a different trade, the commands go into a loop and you get “Tread context is busy”.
The only solution is to close down the platform and restart it.
Bid – Ask
All Forex quotes have two parts, the BID and the ASK.
The Bid is the price at which you (as the trader) will open a sell.
The Ask is the price at which you will open a buy.
The difference between the bid and the ask price is known as the spread.
MT4 charts are bid charts
The current price shown on an MT4 chart is the bid price. When looking at a price bar or candle,
you must add the spread to the high bid price to know what the high ask price would have been,
or add the spread to the low bid price to know what the low ask would have been.
If you are in a sell (in at the Bid out at the Ask), you would not see the candle reach your stop
loss if you are taken out of the trade. For example with a stop loss of 1.45800 on the EURUSD once
the chart reached 1.45780 (2 pip spread) you would be taken out of the trade at 1.45800. Your take
profit would not trigger until the ask price hits. For example with a take profit of 1.45400 on
the EURUSD once the chart reached 1.45380 (2 pip spread) you would be taken out of the trade at
1.45400. These examples are based on our spread shown under normal market conditions. Our spreads
are not fixed and will fluctuate with news or other high / low volume conditions.
If you are in a buy (in at the Ask and out at the Bid), you will see the bid price on the chart.
Margin
Margin is the amount of necessary money needed to place/maintain a position.
Margin Level Percentage is calculated by taking:
Equity/Margin x 100 = Margin Level Percentage
Equity (your true Account Value) is your Balance +/- any open positions.
In normally leveraged accounts.
When a margin call occurs, all open positions are subject to liquidation at the prevailing market
prices without prior notice to customer.
Tags: forex tips, How to trade Forex
Comments
7 Responses to “Meta Trader 4 Platform Quiz”
Leave a Reply
-
Social Links
Experience is good.
This can put a lot of new traders in trouble by not knowing the definitions, so the above is good advice. As complicated as all the terms sound to a beginner, they will pick them up in due time. NEVER trade blindly and guess. If you don’t what anything is, then check it out on a good site like this, in a forex glossary or a forex forum. Happy trading!
haha nice advice put in the form of quiz, traders like me have sure to learn from this.
Definitely Kirk, Many Forex traders are not familiar with certain terms and also they are not with familiar definitions.
An Introduction to MQL Programming Language
MQL ویژه برنامه نویسان ، تحلیل گران و تاجران فارکس و بازارهای مالی
Included:
Introduction to Metatrader and programing
آشنایی با متاتریدر و محیط برنامه نویسی
Introduction to and History of the Fibonacci Sequence
شرح کامل زبان برنامه نویسی MQL
Other Applications of the Fibonacci Retracements and Extension
طراحی و پیاده سازی برنامه های MQL
Application and Common Errors in Fibonacci Timelines
طراحی ایندیکاتورهای سفارشی و اشیا گرافیکی
Other Interesting Studies Using Synthetic Ratios
آشنايي با محيط و امکانات Meta Trader
MQL – آشنايي و معرفي محيط طراحي و پياده سازي برنامه هاي MQL آشنايي و معرفي محيط طراحي و پياده سازي برنامه هاي MQL
MQL – Test Strategy اجرا و تست برنامه ها ي MQL
MQL – آشنايي با امکانات و قابليت هاي زبان MQL آشنايي با امکانات و قابليت هاي زبان MQL
MQL – طراحي و پياده سازي برنامه هاي MQL طراحي و پياده سازي برنامه هاي MQL
MQL – طراحي و برنامه نويسي اينديکاتورهاي سفارشي طراحي و برنامه نويسي اينديکاتورهاي سفارشي
MQL – روش هاي پياده سازي استراتژي هاي مختلف معامل روش هاي پياده سازي استراتژي هاي مختلف معامله
Forex – On-Line Manual For Successful Trading
I love the MT4 Platform. Have been using it for a long time and I thing it’s the most user friendly and most up-to-date
Forex Trading Job
We are a forex trading media company operating several premium forex trading websites and we would like to launch a new forex training website. We are looking for someone who has experience in Forex Trading to manage our new website, the forex trader will be expected to come up with forex trading content for the new website. Working from the internet any forex trader can apply. The successful candidate will be offered full time employment working Monday to Friday 8 hours a day, and a contract which will be agreed upon before employment begins, the salary is $20,000 per month.
We are looking for a trader, who can manage and update the website on a daily basis, and at the same time regulate the forex trading forums. This will include content writing for the website with relevant topics, posting news articles and press releases.
It is important the successful candidate has good experience in the Forex industry so that they will be able to run the website smoothly and bring in new clients.
Applicants should write two forex trading articles and send them to tonyfx@yahoo.com. You can choose any forex trading topic that you like. send a copy of your forex trading CV together with the 2 forex articles. We will then be in contact to arrange an online interview.