SmartFXTrader.com - Forex Signals Service Beginners guide

 

If you are new to trading and would like to understand more about what we have to offer you then please read this guide to getting started. Trading Forex with us has never been easier and more rewarding so give yourself just a few minutes to understand the process required to get setup with a broker and with SmartFX. 

 

 

SmartFXTrader.com - Forex Signals Service Beginners guide  STEP 1

 

LETS US HELP YOU GET STARTED

 

You will Need a Metatrader 4 Trading account with a broker of your choice. You can find a good broker by searching google for Forex MT4 brokers. Try to ensure you select a good reputable broker and look out for bonus offerings and good trading conditions.

Opening a broker account takes just a few minutes and in most cases you will be able to use your Metatrader 4 account instantly.

Broker selection is THE most important part of the trading plan which you must have in place!

Metatrader is a FREE to use trading platform and is compatible with our systems and trade copiers.

We suggest using a DEMO/CENT account to test and familiarise yourself with everything.

Try not to rush into anything! 

 

Need a good broker for LOW RISK LIVE TRADING? Join our best brokers to get 100% bonus on Deposit + 50% SmartFX Discount Code!

SmartFX SystemAccount typeMin depositOpen Account

SmartTrader

Pro-Cent

$25Click here

iSmartScalper

Pro-Cent$20Click here

SmartNitro3

Pro-Cent$20Click here

SmartLife

Pro-Cent$15Click here
**Please let us know if you join our Brokers and we can arrange for your ultra low commissions to be activated** For Standard Raw ECN Trading Accounts please contact us. Discount Code on request.

 

SmartFXTrader.com - Forex Signals Service Beginners guide

 


SmartFXTrader.com - Forex Signals Service Beginners guide

STEP 2

 

Once you have validated your MT4 account you the will be given your trade login details by your broker – Using these login details you can subscribe to a SmartFX strategy and activate it to your new Broker account within a few minutes by using the Online Copier manager or your Metatrader chart dashboard – This depends on which copier service you choose.

 

There are 2 options for deciding which Trade copier system to use – i will explain the difference between the 2 systems

 

 

Trade Copier Lite

 

This is a fast, reliable system we have used for many years and offers the best value for money. You will need to install the Trade copier software into your Metatrader platform which takes only 5 minutes to complete when you follow the videos we have made to assist you.

You will have a clever on chart Dashboard located within Metatrader to enable you to have Full control over your copy trading.

Metatrader will need to be open and running to enable the Trade copier Lite system to operate correctly – This can be achieved by running Metatrader on your PC all the time or by simply setting up a Windows VPS server. a VPS server is a virtual Desktop hosted on a server which means you can run your applications at all times from a remote location.

We have a great deal with our VPS providers and can offer super reliable and fast VPS for Just $10.  Click the Banner to learn more.

We can assist you with setting up your VPS on request.

 

TO LEARN MORE ABOUT TRADE COPIER LITE – CLICK HERE

 

Trade Copier Pro

 

This Copier system is highly sophisticated, unlike the Lite version you do not need to run Metatrader on your PC or via VPS. We will host your Metatrader account on our servers 24/7 which means all yo have to do it check your account on the mobile app when you can – We will take care of the rest!

You can also manage the settings of your Trade Copier Pro on our website at any time by logging in. You will have access to an online control panel where you can manage the Lot sizing and risk settings best suited for your account.

Changing your Metatrader account is super easy – You can manage that online!

 

TO LEARN MORE ABOUT TRADE COPIER PRO – CLICK HERE

 

 

 SmartFXTrader.com - Forex Signals Service Beginners guide

You can also download the FREE Metatrader 4 Mobile  & Tablet App
This will allow you to track the progress of your account anywhere in the world that has an internet connection.

 

SmartFXTrader.com - Forex Signals Service Beginners guide

 

SmartFXTrader.com - Forex Signals Service Beginners guide  SmartFXTrader.com - Forex Signals Service Beginners guide


 

Now Your Trading!

 

You will begin to receive the trades we take into your own MT4 account, Track the activity on your mobile MT4 App or MT4 PC/MAC Terminal 24/7.

With Trade Copier Pro You also have access 24/7 to your own Trade Copier manager Page at SmartFX where you can Add, Remove, Suspend and change lot size as you need 24/7.

Trade Copier Lite members can manage their trade Copier settings from the chart in Metatrader 

 

Trader Support is available Via Skype, Email, Whatsapp and Live Web Chat 7 Days a week 8am – 8pm UK 

 


 

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MEET METATRADER 4

 

SmartFXTrader.com - Forex Signals Service Beginners guide

 

 

Seven reasons to use the Meta Trader platform

MetaTrader is a platform used for trading the Forex market that enables its users to analyze the financial markets using interactive charts and the latest technical indicators. MetaTrader is probably one of the most recognizable Forex trading platforms and one of the most popular Forex platforms among retail traders. It enhances user experience by offering multiple features such as:

  • The possibility to automate your trading strategy through an algorithm executed as an Expert Advisor;
  • Multiple and flexible ways to execute your trades through various types of orders;
  • Forex signal services that allow you to copy trades of professional traders;
  • Analytical Functions that give you the chance to test your trading ideas;

 

 

Going forward I’m going to give you seven reasons why millions of traders choose to trade through the MetaTrader platform and what makes it so special that 90% of forex traders use it:

Easy to Use

Even though MetaTrader is an advanced forex trading platform, it’s very easy to use. The main dashboard presents all the information a professional trader needs to see in a structured format that you can quickly glance at, without the need to switch between different layers. The main menu at the top toolbar lets you access different commands and functions through the submenus.

Free of Charge

The MetaTrader platform is free of charge! This saves you a lot of money that you otherwise would have had to pay if you had chosen other trading platforms that can cost you up to $200/month.

Signal Service Provider

The MetaTrader platform has a built-in signal service system that allows you to copy trades of professional traders for a small fee. You can choose from a variety of signals. Importantly, the MetaTrader platform also acts as a third party providing you with analysis and statistics on each signal provider, helping you to make judgments about their reliability.

Alerts and Financial News

To better analyze the market, MetaTrader incorporates a news service that will keep you up to date with the latest economic data and latest developments in the financial markets. The Alerts system will enable you to create sound alerts when a certain event occurs.

Mobile Trading

We live in a fast-moving world enabled by technology. With the internet available on every smartphone trading is not hampered by traveling or work and we can trade from anywhere around the world where we have an internet connection. MetaTrader supports mobile trading for both IOS and Android as well as trading the financial markets from a tablet.

Algorithmic Trading

The MetaTrader platform offers you the possibility to automate your trading strategy through an algorithm executed as an Expert Advisor. The analytical tool gives you the chance to backtest your strategy and optimize your trading robots. The MetaTrader Market provides you with a very large library of Expert Advisors as well as indicators that you can buy for a small price.

Security

Finally, the MetaTrader platform consumes low PC resources, but at the same time, it gives you security and protection. Data transferred between your PC and the MetaTrader server is encrypted with a 129-bit key. You can also enjoy anonymous trading because your IP address is hidden.

What are the best Forex signals and how to use them

There are literally thousands of strategies and methods for trading forex and numerous trading signal providers to choose from. Depending on whether you want to trade mechanically, automatically or manually will influence your decision as to which may be best suited for your trading. Automated trading includes software robots which are designed to enter and exit positions without requiring the trader to actively execute the trade. Although these systems can be effective, many traders prefer a more manual approach to trading and do this either mechanically with the use of a forex signal service. Mechanical trading relies of the trader entering and exiting each position after their system or strategy provides them with the signals. Trading with a signal service is similar to this although the trader may not necessarily know of how or why the signals have been generated and essentially enters the trade ‘blind’ with only the entry and exit known.

Using a forex signal service

Although traders frequently are unaware of the system or method behind many forex signals services, this can be beneficial in preventing “analysis paralysis” and reduce the anxiety associated with such over-analysis. However, as a long-term solution to forex trading the use of a signals service is less sustainable and most traders prefer to learn and execute their own methods of trading without having to rely on such a service. In order to develop the skills to trade autonomously, forex traders need to recognise their own trading signals which will very much depend on the type of trader they are and their preferred trading style.

Confirming the trading signal

For all traders, the confirmation of a trading signal is essential to increase the probability of a profitable trade. This confirmation supports the initial trading signal and many successful forex traders will wait for several additional signals to provide confluence before entering a position. For technical traders, this can be in the form of indicators such as an oscillator at either of its extremes or showing divergence with the current price. For price-action traders who prefer not to use any indicators but instead to look for price to react near key areas of support and resistance they may rely on candlestick analysis as their primary trading signal. Although there are a number of effective ways to interpret trading signals, perhaps the most important factor in common with all of these is the requirement for at least one further reinforcing signal.

Timeframes are important for spotting forex signals

Forex trading signals occur on all timeframes but it is good to bear in mind that the lower timeframes, such as the 5 and 1 minute charts are likely to generate many more signals than the hourly or daily charts. Although the signals of any method are likely to be less on the larger timeframes it is for this reason that they can be considered more reliable. This reinforces the importance of filtering the multiple opportunities that may be seen on the lower timeframes so that only those with the highest probability of success are actively traded.

 

PLEASE GET IN TOUCH IF YOU REQUIRE HELP WITH UNDERSTANDING FOREX TRADING AND USING OUR SERVICES, WE WELCOME ALL LEVELS OF EXPERIENCE.

 

SmartFXTrader.com - Forex Signals Service Beginners guide