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Prohibited by FIFO rule – close trade in Mt4 – problem fixed

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What does prohibited by FIFO rule in mt4 mean ?
The full explanation you can read in detail in our article Prohibited by FIFO rule.
Sometimes when you try to close a trade in the Metatrader platform you will get this error message in the journal tab (mt4 error from journal tab in Metatrade platform): “Prohibited by FIFO rule”. Using the Mt4 platform as FXCM for example, you can see this problem very often especially if you are a frequent trader.

Cause :

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First In First Out simply means that when you have multiple positions in the same currency pair, the position which was first opened will be the first to be closed. This execution process is the common practice in the US equities and futures markets.


sort mt4 postions by timeHow to close a trade and fix the problem :

Step 1 : Sort trades by opening time.
step 2 : See the oldest position
Step 3: Close the oldest position and then the second opened position, etc.

If you want to avoid this problem pick the Mt4 brokers platform which allow hedging (hedging is not prohibited) and platforms that do not have FIFO rule. Accounts without FIFO rule you can find at non USA brokers. For example, I had fxcm prohibited by the FIFO rule problem a few years ago and I fixed using this strategy.

Market Execution vs Instant Execution

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MT4: Market Execution vs Instant Execution

Have you ever used the MT4 platform? Do you want to have a better idea of MT4 market execution vs instant execution? If yes, you are in the right place. This article will educate you with all the required information to make the switch over easy and smooth. Have a better understanding and then decide to maximize the benefits.

For beginners, it will not be easy to understand the difference. You will not find much difference between market execution and instant execution. Also, there is nothing much you should know about the dealing desk brokers or STP brokers and how they execute your trades using this platform.

Trading made simple

What is Market Execution?

Market execution is the one that STP brokers accept through their system. You place orders on their system and they accept it. But it will not enable you to place stop loss as well take profit orders when you enter a trade.

While using the MT4 account, initially you will not have any scope to use these features. You will find that the take profit and stop loss boxes are grayed out. This is the indication that you cannot use them.

Yes, you can use those boxes. But for this, you will have to wait a bit. Once you will be able to establish a position in your market, you can use stop loss and even take profit orders.

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What is Instant Execution?

instant execution in mt4
Mt4 instant execution explanation

Instant execution brokers
For example, instant execution broker Hotforex has option for clients that can close and manage orders over the phone with the Execution trading desk when necessary.

When the STP brokers use market execution, the dealing desk brokers are known for using instant execution. You might find it more profitable since it offers more options and flexibility. Here you do not need to wait to establish your position to place the stop loss. In this type, you can set the stop loss and can also place take profit orders while entering the trade. Instant execution forex example :

When a client places an order and specifically selects both the quantity and the price the order should be processed immediately. This model is known as instant execution. If a price were to change instantaneously, a broker would have no power to change the execution price. He does, however, have the power to reject the execution and respond with a requote.

This requote can be accepted or denied. This type of execution is generally utilized by market maker brokers. Instant execution utilizes what is known as a specified spread. This spread is larger than the real market spreads. Since some trading mediums do not support the Depth of Market or DOM the instant execution model is used. In market execution, it would be opportune to explain to prospective clients why the price of an executed order is higher than it was when the order was placed. This would be especially noticeable in large quantities of thirty lots or more. The causes of this are that defined bidding and asking prices are constituted only in defined quantities on the market. The orders of large quantities will be filled according to the quantities of prices that are available. However, there is not anything that averts brokers from utilizing market execution without DOM and computing the price for their clients using their own exclusive algorithm. A broker utilizing instant execution may also experience some obstacles when placing trades at large liquidity providers (LP).This difficulty is linked back to the DOM since nearly all LPs utilize the market execution model.

The main obstacle seems to be due to the fact that the LP that uses market execution can not ascertain a specific price for a broker but the broker must ascertain a price for the client. A potential solution for this issue is to simulate instant execution in the market execution environment with the use of implementing limited orders. Respectively, the limited order would ascertain the execution of a fixed volume at a fixed price. So by placing an order limit with a limited timeout period, we will be able to ascertain execution by the requested price. Although this solution can’t be used for the issue with orders of large quantities. If there are not adequate quantities by the requested price in the DOM the orders can not be filled. This will cause an increase in the amount of requotes for a broker’s customers.

This will also affect the quantity of execution. When a client places an order and only specifies the volume this is known as market execution. The asking price of a product is computed during the process of execution. The main factor that differentiates market execution from instant execution is that a broker can not reject the customer’s request in the event of a price change. The broker will instead fill the order with the present rate. The final price is calculated by taking the necessary quantity available by the prices from the DOM. The majority of the LPs and A-book brokers (STP / ECN), work in accordance with this concept.

Can One Use Both?

Yes, one can use both. However, you can be easily confused when you have different types of execution. If you mostly use instant execution, then it might be hard for you to enter a trade without placing your stop loss. It is worth mentioning that trading without placing stop loss is not going to be easy.

We can learn from the example of Trader John, A scalper. He was used to trading with instant execution. However, Broker A suddenly changed the execution-style making it difficult for him to place stop loss and take profit while entering a trade. This sudden change caused troubles to the scalper, John. He relied on small spikes. But if the price goes off quickly, he will be left with no choice except losing a major amount and that can affect his account adversely.

Even expert advisor programmers can face this problem while considering market execution. They first need to get in a trade and then the program can set stop loss or profit levels. It can cause problems in the actual creation and execution of the trade.

So, do your research before considering any of these options. You can first try demo trade to know how a broker executes a trade. You cannot afford all your hard-earned money by simply saying that “I had no idea”

Collective2 vs Zulutrade Social Forex Trading

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“In this article, we will try to compare the two most important Social Forex trading platforms – Collective2 vs Zulutrade. A few years ago we wrote text about the Zulutrade platform but now we need to compare it with Collective2.

Collective2 vs Zulutrade
Before we analyze in detail these two platforms, see the main facts :

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  1. And Collective2 and Zulutrade connect the broker’s account with managers’ accounts and offers signals to traders (investors).
  2. Zulutrade is free. They charge using spreads in the brokerage account.
  3. Collective2 costs around $100 (standard) flat monthly fee.
  4. Most users on Zulutrade trade Forex and at Collective2 trade stocks, futures, forex.
  5. Using Zulutrade trader can receive an unlimited number of signal providers but using Collective2 only few.Zulutrade vs mirror trader Collective2 has advantage.
  6. Collective2 traders have average drawdown below 10%. Zulutrade providers have huge drawdown and do not care enough about money management.

Collective2 automated trading platform: is it reliable and scam-free?

Collective2 Social Forex Trading Signals Platform

Are you searching for a seamless and scam-free automated trading platform? If yes, then Collective2 can be a good recommendation for the traders like you! Needless to mention, it’s quite a reputed platform that has more than 19,000 active traders and the platform claims to use around 58,000 different strategies. Please note that this automated trading platform was launched in the year 2001. The founder of the Collective2 or C2 platform is none other than Matthew Klein who is quite famous and eminent in the arena of retail algorithmic trading space.

Also note, this platform works on the very same principle as other available social investment networks like ZuluTrade and Etoro. As a trader, you will be asked to select and follow a system developer. Next, you need to allocate portions of your capitals that will be simply the copy/mirror trades of that developer. It’s up to you how much amount of money you decide to trade for mirroring. Based on your allocated traded amount and mirror trade value of the system operator, your final profit/gain will be calculated.

Understand the broker model of Collective2

Trading made simple

Opening a trading account with C2 is an extremely simple and hassle-free process. It can be opened via C2’s broker partners. For example, C2 has partnerships with a wide majority of well-known broker partners like FXCM and NinjaTrader. Depending on the scheme of these broker partners, you may be offered lucrative incentives from time to time. But, please keep in mind that these incentives are solely provided by the broker partners. The C2 platform itself doesn’t offer any incentives to the clients for opening the trading accounts.

Rules and fees

C2 is nothing but an investment social network that’s loaded with plenty of automated and algorithmic trading strategies. The platform supports trading in Forex, stocks, and futures. It mainly focuses on the market of UK, US, and Asia.

To ensure adequate gain and profit, it’s absolutely important to pick and follow the right auto trading strategy. Your trade performance will be solely dependent on it.

As a subscriber, you need to first create a trading account with Collective2. Upon successful account creation, you can browse and search for profitable auto trading strategies. There isn’t a fee for opening an account with Collective2 or browsing through their trading strategies. However, once you’ve successfully found the right trading strategy and you are keen to follow that auto trading system, then a monthly charge of £75 will be deducted. Likewise, system operators who want to list their trading strategies for the subscribers to follow, they are also needed to pay the listing fee. The recommended minimum account deposit amount for Collective2 is £10,000.


Is there a mobile trading option for Collective2?

As of now, Collective2’s mobile app isn’t ready yet. However, the platform claims to launch its mobile trading app soon for the users.


Help and support

You can contact the company by dialing the helpline number i.e. 001 914 610 3979. Also, there’s an email id where you can email your concerns/queries to the customer support team i.e. help@collective2.com.

Zulutrade Review

Zulutrade is one of the ways you can achieve automated trading. It allows you to learn and implement skills used by experienced Forex traders. Additionally, you will be able to share and leave feedback. It allows you to copy the trades of the best traders which was the initial idea of Leon and Kosta in 2007. Within two years Zulutrade had gained popularity and people were able to mint money out of it. In 2014 the developers saw it fit to make some improvements in their website and introduce new features. By then it had 120 employees which were a good start. Additionally, they entered into a significant partnership with Spot option.In 2015 the company had become respected and legitimate. Read on this review and learn more.

Minimum Initial Deposit

Zulu trade offers you one of the lowest deposits. The minimum amount you can deposit is $1.It is convenient if you are a newbie right? Furthermore, you can sign up for free and acquaint yourself with their Demo simulation account. Gradually, you can make higher deposits once you are confident enough with using the platform.

Spreads And Commission

When you trade using the platform you will get to realize there is a normal spread which you will be charged though it can also be low when using Zulu trade brokers. However, some other brokers might charge you a commission for every trade that you make using the platform.

Buying and selling price differences between the traders especially during the period when there is high volatility. Time and the pair of currency can also influence this difference.

Leverage

Leverage can increase your earnings but you need to be careful if you haven’t mastered it well. This is because you might incur greater losses. Don’t be too hasty to use higher leverages because you are exposing yourself to greater risk. I would recommend that you use a leverage of 1:100 to be on the safe side.

Other Trading Fees

You might be asking yourself if you might incur additional fees when using Zulu Trade? Well, intraday traders are not charged but you can be charged for a swap fee or overnight rollover.

Trading Platform

How It Works

Zulutrade allows you to copy strategies of top-rated traders to your advantage. Besides the currently trade in Binary options, Forex, stocks and other commodities like oil.

Well, normally the user interface is divided into two; signal providers and followers. The followers can copy the strategies of signal providers of which their compensation is determined by how successful is their trading strategies.

Features

-lock trade-Once you receive a signal this feature allows you to verify your trading.

-calendar-It allows you to be updated with all key events in the financial market worldwide.

-Zuluguard-It is a protective feature that shields copy traders from risks that can result from malicious trades from those traders whom they are following.

-Automator-It gives you notifications through your email based on your customized rules.

-Social network features-this is a section where you can give your reviews or view feedback from other users.

-Margin call-o-meter-This gives an estimation on the chances of your account running out of money.

-Cryptocurrency-It allows traders to make predictions on the cryptos

-Zuluscripts- It is an automation feature that allows you to create scripts that will enable you to execute more than one trade.

Well if you require a signal provider you can use Zulu rank calculation which is based on the age of signal provider, sharp ratio, trade activity, frequency of trader logs.

Zulu Trade Vs Competitors

Zulu trade has a lot more to offer than other systems. It allows you to receive margin calls notification for simulated trades. Besides, you have access to many traders worldwide which gives you a variety of options to copy from. It also allows you to assign a certain amount of money to signal trader that you want to follow up has been made easier since you can check your account performance any other time.

Mobile Apps

Zulutrade accommodated Android,iPhone and Windows apps. You can download from any version of the operating system and you are good to check for your account performance, look out for traders to copy or even close your trades.

Methods Of Payment

Methods of payment usually vary depending on your broker. Some of these methods include Zulu trade MasterCard, PayPal, and Bankwire transfer.

ZuluTrade Accounts

When you are fully set to open an account you will be presented with two options to choose from:

-Classic- If you are a pro this is for you. You will get access to voluminous commissions and customized trading.

-Profit sharing-This is suitable for newbies who are still learning by copying others to make their Trading.

Demo Account

When you visit the Zulutrade page you can access the demo account. All you need to do is to enter the required details and you are set to start learning from the advanced traders. When you have grasped adequate trading skills you can choose to open a live account.

How To Become A Signal Provider

Well everyone yearns to become a signal provider because if you are having a good number of followers you will be earnings significant commission. Therefore you can become one by using the following tips:-

1. Set up a good portfolio and explain your strategy

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2. Trade with a live account

3. Be quick when responding to feedback about your strategy

4. Meet any necessary criteria

Additional Features

You can enjoy additional features on Zulutrade. This includes profit calculator, margin calculator, economic calculator and you have access to news.


Safety and Security

Zuluguard is the ultimate protection feature that will protect you from erratic traders. It monitors trading behavior and if possible it removes any misbehaving trader to secure your income.

Regulation And Licence

Zulu trade is fully licensed and it complies with the EU. You can enjoy auto trading with minimal risks.

Benefits

The following are its benefits

1. It’s free

2. Variety of brokers to choose from

3. Many traders to copy and follow

4. Lower fees

5. Positive reviews from Forex

6. Ability to comment of signal provider page directly

Drawbacks

The following are the drawbacks

1. Signal providers may not be using live account hence you are at risk to lose your money

2. Signal providers are not vetted

3. Beginners have a Challenger in money management


Trading Hours

Trading is only limited to ZuluTrade trading hours. This runs from Sunday 22:00 UTC-Friday 22:00 UTC.

Contact And Customer Support

They have reliable customer support that is willing to attend to your issues at any time of the day. Their phone number can support up to 10 countries but you can still visit their website and file your claim.

Zulu Trade Verdict

This is a reliable company that is receiving massive traders worldwide. You don’t need external brokers to use the system because they offer brokerage services. It is user-friendly and you can take your time from coping others until you are fully set to begin trading.

The final verdict:

The main mission for Collective2 and Zulutrade is creating an automated trading platform for the users. In this comparison Collective2 vs Zulutrade, we saw good and bad things. My personal opinion that if you are a forex trader and you need a signal you can find a few interesting on Zulutrade for free. IF you are stocks or futures trader – try Collective2. My recommendation is to always see what is average monthly return and what is maxed drawdown and then to figure out is some system is suitable or not for you.

Visit Zulutrade and start to copy trades for free !

What is the difference between metatrader 4 and 5 – mt4 vs. mt5 ?

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Metatrader 4 vs Metatrader 5 – Which One Should You Use?

As it seems the traders are given a choice to make MetaTrader 4 vs. 5 while opening an account. Brokers can also make this decision. It’s up to the individual broker to make a decision for selection between MetaTrader 4 and 5 that must be accessible to traders or should support MetaQoutes terminal platform. Users are having usage experience of MetaTrader 5 (MT5) willing to make use of MetaTrader 4 (MT4). Most of the traders make use of most famous and older one platform known as Mt4, MetaQoutes has stopped introducing variations in their platforms, but has not made criticism or compel brokers to purchase a license for MetaTrader 5. Brokers who are keen of getting the issuance of MT4 License, MetaQOutes clogged the issuance of new MT4 License to those brokers on January 12, 2018, which means that these brokers have to make use of another platform or can accept MetaTrader 5. Decisions can become complex when there is an insufficient provision concerning the server capital for the existing Mt4 License Holders. Having this perspective, let’s make a detailed study of two types of terminal regarding their languages correspondingly.

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mt4 vs. mt5

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MetaTrader 4 vs. 5 deals with the substance of acquaintance, how much simple or easy to use and all MQL languages.
MetaTrader 4 vs 5 (MT$ vs MT5) Languages (MQL4 vs MQL5)
MetaTrader 4 was introduced globally in 2005 whereas MetaTrader 5 released in 2010. Language has similar syntax along with the prominent and major changes in keywords that distinguish both and make hard for an MQL4 file to function in MT5 smoothly and vice-versa of it as it implements the MQL5 and MT4.

MQL4 and MQL5 have many similarities with the programming language, C++. MQL4 has maintained its position or popularity in the industry even after the release of MQL5, which has helped a lot in distinguishing the programming language.
However, this feature makes the MQL4 and MQL5 interesting one and offers a flat contest to everyone because the programming language is such as which requires updates to programming languages like Python or Ruby. Variation in MQL4 and MQL5 give a meaning of going beyond the side of marketing from the MetaQoutes platform which is the major source of the promotion set it and forget it kind of tactics to make a trade with “robots” (Expert Advisors) and custom indicators. This kind of elevation creates hurdles for newcomers who just found out that their MT4 version has been updated or would find that their MT5 version will be updated and they seem like a real victim of the never terminated Software Development Life Cycle.
There will be no updates in MQL4, but there shall be continuous variation in MQL5. It will reduce the hurdles for newcomers who want to enter in MetaTrader 4. It all deals with the game of Relaxed and Comparative Limitations in Competence vs. Stimulating and Vigorous Aptitude.

Pros and Cons of MetaTrader 4 vs. 5 (MQL4 vs. MQL5)

MetaTrader 4

Advantages
There will be no variation regarding updates due to which no need to change or alter the programs comprise of new versions.
Expert Consultants and Indicators are independent to choose a file from the .mq4 file, and the — ex4 file for implementation.
MQL4 is of much benefit as it has seen that many brokers make use of MT4.
It’s pretty easy to code. Expert Advisor can make it is short and make a structure with ease.
Disadvantage
Variation in currency competences.
No circumventing proficiencies.
Overall, it is limited to the skills and capabilities that a terminal maintains.

MetaTrader 5 (MQL5)

Advantages
Language proficiency is improved by bringing some variations.
A rapid change in language syntax with the advancement in terminal technologies is a plus.
Hedging abilities.
Currency variation skills.
More stipend for more complexity.
Disadvantage
In the case of transitioning from MQL4, this is considered as the most difficult and complex language.
Libraries are important.
One expert can handle many libraries and the files attached to it.
Not anything is independent.
Most of the individuals are familiar to MQL4 are now moving towards MQL5 because MQL5 has more features and capabilities that are required at this time concerning the language structure and efficient building structure of programs compel others to learn a complex one as compared to the simpler one that is of no worth.
MQL does not demand a new programmer in mind, but it is a basic object-oriented language.
Languages can vary a little bit in their structure and syntax, of course, it demands to learn things from the very beginning while moving from MQL4 to MQL5. It is an impossible task for those people who try to convert .mp4 file in MetaTrader 5. Conversion tools fail in case of binding the huge divide concerning the code structure between Meta Trader4 and MetaTrader5. This is the matter where the structure of different files .mqh and .mq5 have to be made or sometimes various mq5 files to carry out the same task, but the real code is more vigorous incompetence, more important in backtesting.

MetaQoutes software has given an overview of MetaTrader 5 for almost seven years ago, but some traders exist who prefer to work on MetaTrader 4. There is a contrasting criticism on MT5 by the market contributors who say that MetaTrader is comparable to MT5 in its all functionalities. Then what is the major difference between MT4 and MT5?

Expert Values

MetaTrader basically designed for “over the counter” Forex tools like CFD whole, on the other hand, MetaTrader 5 was made for the stock instrumentation including shares, geographies and some other offshoots.
MetaTrader 5 platform has been made for the index of RTS standard interchange

Standards of opening positions
MT4: hedging – a lot of the transactions can be made by the trader that comes under the umbrella of multidirectional for the same tool and at the same time with the addition of place, one-direction trades. Traders know well about this process because this method involves reducing risks.
MT5: netting – the trader can make a trade of instruments in a single direction while multidirectional positions are not permitted.
A trader is allowed to open an account in MT5 and trade instruments too; except stock unavailability at this account.

Market Depth
MetaTrader 5 delivers market depth with the exchange of instruments that are being traded while from the other perspective MT4 only give a chance or an opportunity to make deals with the resources in ECN system like OTC. Both give an opportunity to traders to make a clear analysis of orders that how much have to deliver and how much have to buy, measure capacities of the gadgets, and deals with two types of trading functions:
Sell/buy instruments with the exchange of money at the spot

Place trading orders – remaining or pending orders to sell/buy a substituting tool at the fixed price
Market depth in MetaTrader 5

Market depth in MetaTrader 5

Market trade seems best to scalpers, traders who desire to perform high but a full risk trading because of market depth boost up the presentation of many people. Experts often make use of some special kind of trading tools for carrying out the processes.
Tester of strategies
MT5 gains multi-tasking and significant tester, who can execute the function by testing a portfolio, which grabs the attention of traders dealing with the standard market equipment. Quotes history can be recovered or downloaded in the terminal.
Testing results appear as a chart
MetaTrader 5 tester is given in MQL Cloud Network with the limitless contribution to make a calculation using tens of thousands of consistent PCs. A trader can only get this function if she/he has installed a special kind of application strategy Tester.

MQL4 vs. MQL5
MQL4 and MQL5 distinguishable from each other on the level of programming language platform. MQL4 is a language (MetaQoutes Language 4) basically used for machines, writings, and pointers used in MetaTrader 4. This language has limited scope as compared to the other languages, as it can be seen that this language is used for basic level calculations or simple commands.
MetaTrader 5 has a major focus on MQL5 language that is brand new, more significant and much closer or similar to the object-oriented C++. The syntax makes programming language easy to operate for developers: a trader can write code or can make changes in it, pointers and vigorous interchange by using MQL5 language under the platform of MetaEditor, as the language gives the countless opportunities.

MetaEditor – multi-tasking editors are available for the development and adjustment of trading robots and pointers
Custom advisor and trading advisors should learn to track the activities of a computer mouse and keyboard pointer, in case interrelating with some peripheral devices a special thanks or homage to the program installed in MQL5 for the event processing. MQL5 official website contains every kind of library, templates and most popular functions that are used frequently.

Conclusion
A time tested platform that is simple to use as compare to others with extra functionalities, basically considered for the Forex equipment, CFDs and some other OTC byproducts.

FxPro SuperTrader service is not available anymore

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Important news :
FxPro SuperTrader service is not available anymore.Summer 2017.

Old Review :
SuperTrader social network for trading

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More about fresh news read at Fxpro Review page.
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It was in 2006 when the FxPro was launched. Since then, it has become the leader in FX broker across the globe with more than a hundred and fifty nations on board. But, this platform has just been released at the latter part of 2013. FxPro is a social investment platform with the goal to provide the client and the investors a one of a kind experience that they cannot find with the other platforms available nowadays. They enable the investors to go over and copy the traders of the experienced traders thru their very own account with FxPRo.

Since SuperTrader is just available for FxPro users, You need a typical FxPro account to be able to come up with a SuperTrader account. It may sound good enough and very easy for a not so experienced trader. But, it is truly essential to keep in mind that SuperTrader accounts may only be used in US dollars. However, if you want to pick another form of currency for the primary FxPro account as well as vault. In the case of Great Britain Pounds, you must go through two different currency conversions if you will use US dollars. But if you would like to use the SuperTrader, you have to be sure that you pick the US dollar option at the base of the currency.

The truth is that the PF is now made available in US dollars only being its only limitation and for investors In the USA only who will be using US dollars as their primary currency. Because it is way too plainly that the investments they will have will be made available in US dollars to get started.

Getting to know who the SuperTrader Veterans are

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As discussed earlier in terms with the goal of the SuperTrader, they are into providing their investors with enough access to be able to enjoy their Fx trader experience. The leaders may be companies or a person with the technique that provides and sends in the signals in a real time manner using the SuperTrader. It is so essential to keep in mind that all of the leaders are sending their signals from their live trading accounts. That simply means that they are actually putting their money at risk too.

The leaders on the other hand, went through a strict approval procedure method wherein the action of the trading method is being monitored accordingly to make sure that it is consistent and will adhere to the FxPro risk management direction. The leaders are normally paid around 5% based on their performance and for winning the traders they normally make in the accounts of the investors who copies their traders. This payment is typically done monthly.

Since the service being offered was fresh from the time of their primary review and most of the leaders only had a few history on FxPro it wasn’t really probably to give a comment regarding the conscientiousness of the platform during the selection process then. It has been said that this is just due to the fact that social trading service that has been reviewed and those who claimed to vet the trade leaders have turned out to be quite poor.

It was just too obvious that it must be kept monitored all the time and a proper upgrading must be handled. In the preliminary update held in October of 2014 just after the very first interview, it was noted that some of the methods just came and went by. There are certain no. Of techniques to consider and to lessen as well, by then it may be less than ten even if FxPro may be pro-active and may be vastly be eliminated among some other methods which may not be able to meet the criteria and the performance may deteriorate too before the damage has been done.

One of the in favored element about the body in FxPro Super Trader is that it is not just for them to trade using their money, but also for them to be able to work out about the cost that it will take you. Most of the leaders have balances in their account that contains more than 10,000 USD. That is quite untypical since some other social trading as well as trade copying networks usually do not share or divulge such kind of information.

At the moment, there are more than thirty methods that you may be able to copy and check. There are 2 kinds of FxPro or 3rd party techniques available nowadays. It is just that it is quite obvious that the SuperTrader methods listed as the FxPro were developed in an in house manner thru the FxPro whereas the 3rd party methods were made by the veterans outisde of the FxPro. At the moment, the best results came in from the 3rd party providers.

Supertrader video review:

The SuperTrade Risk & Money Management Features

As soon as you have decided to copy, you can just put the parameters on so you can keep track of the risks you will take.

1. The amount allocation must be in US dollar. That is the amount that must be in your account and the minimum amount should be not less than 500 USD, though there are some techniques that may require you to have a higher amount.
2. The ration multiplier should be on top of your list. You have to decide to be able to increase your risk.
3. The strategy max. Loss percentage is something that you also need to keep in mind. You will allow the trades to be closed and stop the technique from 5-30%.
4. TralingStop or equity percentage. This is somehow close to the past stop, however it will take into account the gains, so that the profits may be looked upon.

The FxPro’s SuperTrader guide can help you with the explanation it contains about the details along with the money as well as the dangers you will come across with when it comes to management parameters. You will be able to come across the scope of your account depending on the profile risk that you have to go through. As soon as you are into the techniques you can easily follow the performance of the account in a real time basis and you can also close the trades in a manual manner and so do open them the same way using the technique.

The SuperTrader Costs

When it comes to registering for the FxPro Super Trader, that is absolutely free and the spreads will be similar when you get to see the typical account. But that is if you will copy a technique coming from a third party and then you may be asked to pay for around 5% execution fee concering the trades that are truly lucrative. They will not mind paying for a certain amount for the profits that were made and think that the method used is just fair enough.

FxPro Support
Just as mentioned, there were issues in terms of the setting up of the SuperTrader account. They have found out that the support taken from the email and from the manager handling the account turned out good. Unluckily, the support from the call back feature may be incapable and useless as well. The answers seems to be coming from a template. The absence of a demo account may also be a appointment to the users, since they will be investing a real cash even before they see what is in store for them.

Social features

Social trading is composed of everything and that is from sharing the trade concepts with the others to copy the traders in an automatic manner from the others. The FxPro approach is quite limited when it comes to social interaction. But not until June of 2015, when the investors were able to give ratings to the methods that were followed.

Some advantages

? The leaders made a careful and critical study.
? The leaders trade real money from their own accounts
? The data that includes USD is truly clear.
? The leaders contain good quality that you can copy.
? Well managed risk account management controls
? Precise guide that can be followed
? Lost cost slippage

Some advantageous

? The accounts can only be used in US dollars
? There is no demo account available
? The primary investment is kinda high as $10,000 and up.
? Some techniques may require a high amount of min. Investment.
? There is no way to interact with the leaders.
?

To sum it up

The FxProSuperTrader is a social investment platform for those who are serious in trading. It is not meant for those who are just looking for something to play with, but it is meant for those who wish to invest their money amounting to more than $10,000 and up.

Important news :
FxPro SuperTrader service is not available anymore.Summer 2017.