Meta Trader Trading Platform [MT4 & MT5]

This Video is not about strategies or signals. This is just the truth about trading Forex for a living, for individuals that have dreams about the glamour and the glory of becoming an every day 50 pips kind of trader. My goal is to encourage those to "earn the right" to be successful as a day trader in the currency markets. Know your forex terms Before we delve any deeper into the possibilities that exist in the Forex market, we need to go over some basic Forex market terms. Pip: A pip (percentage in point) or point, is usually the smallest unit of measurement in the Forex market. Most currency pair quotes are carried out four decimal places—i.e. 1.4500. When you work with Alpari quotes are carried out to the 5th decimal place to provide better pricing. The 5th decimal place represents fractional pips. If the exchange rate of a currency pair moved from 1.45000 to 1.45100, we would say that the price moved up 10 pips. You make money when the pips move your way in a trade. Note: Any exchange rate that contains the Japanese yen as one of the currencies will only be carried out three decimal places. Currency Pair: We wouldn't have a Forex market if we weren't able to compare the value of one currency against the value of another currency. It is this comparison that drives prices. Forex contracts are always quoted in pairs. The Euro vs. the U.S. dollar (EUR/USD) is the most heavily traded currency pair. The U.S. dollar vs. the Japanese yen (USD/JPY) is another popular pair. The following is a list of the most common currency pairs, their trading symbols and their nicknames: Euro vs. U.S. dollar (EUR/USD): "The Euro" Great Britain Pound vs. U.S. dollar (GBP/USD): "Pound," "Sterling," or "The Cable." U.S. dollar vs. Swiss franc (USD/CHF): "The Swissie U.S. dollar vs. Japanese yen (USD/JPY): "The Yen" U.S. dollar vs. Canadian dollar (USD/CAD): "The CAD," or "Loonie" Australian dollar vs. U.S. dollar (AUD/USD): "The Aussie" New Zealand dollar vs. U.S. dollar (NZD/USD): "The Kiwi" Dear viewers! Please subscribe my channel;-  SUBSCRIBE AT YOUTUBE: https://www.youtube.com/channel/UCHY-7NT3Mu-Mf7dcrbwFiKA  Visit our website for more great workouts and fitness tips! https://www.onlineearningsacademy.blogspot.com/  Get the latest updates via Facebook: https://www.facebook.com/Online-Earnings-Academy-582440238589597/  Get the latest updates via Twitter: https://www.twitter.com/OnlineEarning43  Get the latest updates via Tumbler: http://www.onlineearningsacademy.tumblr.com/  Get the latest updates via Pinterest: https://www.pinterest.com/onlineearninges/  Get the latest updates via reddit : https://www.reddit.com/user/online-earning/ Sincerely! All Copyright Reserved By “Online Earning Academy

Comments

1. Thanks for the video, it was helpful to use for my trading with MT4 tool bought from datasoft http://datasoft.ws/
2. Hello, Is there any chart analysis software or platform for binary option trading similar to "MT4 (meta trader 4) for forex trading".
   MT4 is great but only for forex trading and not for stocks, commodities, indices etc, I am finding a similar indicator platform for binary option, so i can analyse the market before i start any trade. Also which will support any broker, SO I CAN USE ANY BROKER. Please reply. Thank you.