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FOREX TRADING

  • What is Forex?

    Forex is the acronym of Foreign Exchange where trading of currencies takes place on large platforms in order to boost foreign trade and business. This market is the most liquefied financial market infused with large number of investors and speculators. The size of other markets is elflike as compared to Forex. Main reason for Forex market to be such a gigantic is the necessity to trade currencies. This market is full of activities with an average turnover of US $5.3 trillion per day.

  • How does Forex trading work?

    Currencies are always traded in pairs and it is the continuous buying of one currency and selling of another. These are always quoted in pairs. For e.g.: Euro/US Dollar, US Dollar/Japanese Yen, Great British Pound/US Dollar, and US Dollar/Canadian Dollar. Trading of currencies is done globally in the chief financial centers of Frankfurt, Zurich, Tokyo, Hong Kong, Singapore, Paris, London, New York and Sydney.

  • What are the trading hours of Forex market?

    Forex market is awake 24 hours a day and 5 and a half days a week. It is essential to know about the trading hours as per the country. This market is an ongoing cycle with one market opening and another closing around the globe. Due to the variant trading hours, people residing in opposite poles region can easily chip in themselves for trading.

  • Is Forex trading expensive?

    The Forex market is fundamentally risky. One can start trading at $1000. When leverage increases along with it the risk increases too and it depends on how much the trader is ready to take risk.

  • Where is the central location of Forex market?

    There is nothing such as central location of Forex market. As the market is open for 24 hours, all day trading is done through diverse platforms globally. They aren’t traded on exchange but through OTC (Over the Counter) market between two arbitrators without the involvement of any third party.

  • Who are the participants in the Forex market?

    Banks have always had an upper hand on Forex market since ages and there are multitudinous reasons for banks involving in Forex. Relatively, there are many other participants such as business investors, speculators, governments & financial institutions and hedge funds.

  • How are currency prices determined?

    Prices are set according to country’s economic and political events. The market becomes volatile if any events take place.

  • Where can I learn Forex trading?

    We explain and provide various platforms to do trading. Our platforms include webinars, video tutorial, research reports and free training. For more details please visit our FX education system.

  • How do I profit from trading Forex?

    The profit largely depends on the efficiency and discipline of a trader and the trader’s knowledge about capturing the right price movement and ongoing trend is also beneficial. In addition, the sufficient amount of margin /deposit safeguards a trader from unfavorable market conditions.

  • What tools do I need to trade Forex?

    To begin with, a trader needs a computer with good internet connection, a free demo account or funded live account with xDirect Markets. In supporting to this, proper Forex education and optimizing the trader’s profit in Forex market.

FOREX TERMS

  • What is the spread?

    The difference between bid and asked price is called spread in which the first price denotes bid price (how much is being offered for the currency pairs). The second is the asked price (how much sellers are asking).

  • What is rollover?

    Forex trading takes place in pairs and each pair holds two different interest rates. Rollover is the interest paid for holding the position overnight.

  • What is spot/cash market?

    Purchasing of financial instruments promptly is known as spot trading.

  • What does it mean to have a ‘long’ or ‘short’ position?

    Buying a pair of currency is long position and selling it is labeled as short. For e.g. EUR/USD – Buy 100,000 EUR against USD EUR/USD- Sell 100,000 EUR against USD

  • What is slippage and why does it happen?

    The difference between actual price and difference is price is defined as slippage. Very frequent changes in spread lead to slippage while trading stocks.

  • What is margin?

    Margin trading means you only need to deposit a percentage of the total funds required for a trade.

  • Do you offer STP accounts?

    Yes, we do offer STP accounts along with NDD broker ship.

  • What is NDD broker?

    NDD brokers are known as No Dealing Desk broker and they mend the gap between client and liquidity providers.

  • Which currencies can I trade via xDirect Markets?

    We trade all major currency pairs, exquisite metals and extrinsic currency pairs.

  • What is Forex broker?

    A Forex broker acts as an intermediate between you and the market. A broker gives you an access to trade in currencies.

  • What other services does xDirect Markets offer?

    We provide unique education trading along with software’s to trade along with webinars, seminars and research reports.

Meta Trader 4

  • MetaTrader 4 terminal indicates the 'Account is disabled' error. What should I do?

    Certain amount of money must be deposited to your account (in EUR or USD) for trading in order to activate your account. There is no such requirement for Demo account activation. Contest accounts are activated at the beginning of the account.

  • MetaTrader 4 terminal indicates the ‘Invalid Account’ error. What should I do?

    You have entered an incorrect login (account number) or incorrect password from your trading account. If you forgot your password, please check your email that was provided during your registration in Trader's Room. In this email, sent from xDirect Markets, to you confirm your registration –included your login details in it. Please make sure that the password is entered correctly and all symbols (lowercase & uppercase) are the same as provided to you during registration. For the Demo accounts the server name must be XDirect-Demo. For real accounts the server name must be xDirect-Live. Please note that the Login for MetaTrader 4 is your trading account number of M.Standard or M.Pro account. In order to trade, you will need to use the Trader’s password that you’ve received when you opened your account. Your Investor's password is a read-only passwords that will let you view the movement of the markets but will not allow you to trade. Be sure that your Login and Password do not have any spaces or gaps before or after them.

  • MetaTrader 4 terminal cannot connect to my trading account (‘No connection’ error). What should I do?

    Please check your internet connection, maybe it is your Internet Service Provider's (ISP) problem. Try to surf web pages which are hosted in various countries of the world. If some pages cannot be opened, contact your ISP's Technical Support. Try to disable your antivirus or firewall as it may block your access to MetaTrader4 terminal. The internet communication ports mb443 and 444 should be opened & available to terminal.exe. application. You can try to completely disable the firewall/antivirus & restart your PC if opening the above ports doesn’t help. Connection to the internet may pass through a proxy server; if trading from your PC. You can request for proxy server’s details such as IP address, type of proxy and port from your System Administrator. You should then enter this data into your MetaTrader 4 terminal ('Tools' menu > Options > Server > Enable proxy server > Proxy).

  • I constantly receive ‘Market Cloud’ error when trying to open orders. What should I do?

    There is a possibility that the trading session for the financial instrument hasn’t begun yet. There’s a chart table available where you can check the trading hours (for e.g. for details on any particular instrument just click on it).

  • MetaTrader 4 terminal indicates the 'Not enough money' error?

    ‘Not enough money’ message gets displayed when there is no sufficient fund (free margin) available in your trading account for opening a position. Further, check the margin amount required for particular trading instrument and calculates the standard or hedged margin for all your opened positions. If there isn’t any adequate amount available for opening a position, close some of your current positions or deposit additional funds to your trading account.

  • MetaTrader 4 terminal indicates the 'Trade context busy' error?

    This problem takes place when there are some connectivity issues with your internet. You can wait for some time and try again or else the other issue may be that your previous order transactions weren’t executed and are still in the process of being executed or the trading server hasn’t received it yet.

  • I can't find the full history of performed transactions in MetaTrader 4?

    Please switch over to 'Account history' tab in the 'Terminal' window and select the 'All history' option from the right-click menu to view your transaction history.

  • How to interpret the Detailed Report?

    Total net profit — financial result of all trades. This parameter represents the difference between 'Gross profit' and 'Gross loss’. ‘Gross profit’ is the sum of all profitable trades in monetary units whiles the ‘Gross loss’ is the sum of all unprofitable trades in monetary units. Another term, ‘Profit factor’ is the ratio between the gross profit and the gross loss in percentage which means that these sums are equal. ‘Expected payoff’ is the mathematical expectation of win. The calculation of this parameter is done statistically and represents the average profit / loss factor of one trade. It can also be considered as showing the expected profitability / unprofitability of the next trade. “Absolute drawdown” is the difference between the initial deposit and minimal level below the deposit “whereas the Maximal drawdown” is the largest loss of the local maximum in the deposit currency and in percents of the deposit. “Total trades” is well, total amount of trade positions as “Short positions” (won %) stands for the amount of short positions and the profit percentage thereof. On the other side, “long positions” (won %) is the amount of long positions and the profit percentage thereof. “Profit trades” (% of total) is the amount of profitable trade positions and their part of the total trades, in percentage. Loss trades (% of total) displays the amount of unprofitable trade positions and their part of the total trades, in percentage. Now, “Largest profit trade” is the largest profit among all profitable positions and “Largest loss trade” is the largest loss among all unprofitable positions. “Average profit trade” is the average profit value within a trade (sum of profits divided by the amount of profitable trades) and “Average loss trade” is the average loss value within a trade (sum of losses divided by the amount of unprofitable trades). “Maximum consecutive wins” (profit in money) is the longest series of profitable trade positions and the sum of their profits whereas the “Maximum consecutive losses” (loss in money) is the longest series of unprofitable trade positions and the sum of their losses. “Maximal consecutive profit” is the (count of wins), i.e., the maximum profit within one series of profitable trades and the corresponding amount of profitable trades. Thus, “Maximal consecutive loss” (count of losses) is what the maximal loss within one series of unprofitable trades and the corresponding amount of unprofitable trades. More to that, “Average consecutive wins” stands for average amount of profitable positions in consecutive profitable series and “Average consecutive loss” is for average amount of unprofitable positions in the consecutive unprofitable series.

  • What time is shown in the MetaTrader 4 terminal?

    The trading platform indicates the EET (GMT+2, during Daylight Savings GMT+3).

  • 'Buy Limit' or 'Take Profit' order that was placed on a Sell position has not been executed, although the price on a chart has reached the order's price. Why?

    Charts are generated using only Bid prices in MetaTrader while the Sell orders are implemented at Ask price (you can see the both prices in MetaTrader 4 terminal, 'Market Watch' window). Spread is the difference between these prices. Please take this fact into consideration when placing pending orders.

  • Why there is no such volume of trade as '0.1' in the MetaTrader 4 'Order' window's drop-down list?

    Starting from 0.01 Lots and with the incremental step of 0.01 Lots you can manually input any value you want. For example, you can input '0.12' or '0.03'.

  • Why aren't all of the available instruments displayed in 'Market Watch' window of MetaTrader 4 terminal?

    In order to see the full list of available instruments, please select the 'Show All Symbols' option from the right-click menu in the 'Market Watch' window. It is recommended to repeat this procedure at least once a month, because new contracts are added regularly and some expired contracts (i.e. futures) are removed from the list.

  • What are the MetaTrader 4 system requirements for PC, Pocket PC or Smartphone?

    The PC version of MetaTrader 4 Client Terminal can operate under Microsoft Windows 95/98/Me/2000/2003/2008/XP/Vista/Seven. Hardware requirements are limited with software ones. MetaTrader 4 Mobile for Pocket PC requires Windows Pocket PC 2002 or higher. MetaTrader4 Mobile for Smartphones requires Windows Mobile 2003 Smartphone Edition and later versions.

  • What are the IP addresses of xDirect Markets trading servers?

    If you have already signed up and have opened a real trading account (received your login/password), we recommend to download and install the Meta Trader 4 terminal from our website, it’s the simplest and most convenient way because all addresses of our trading servers are already integrated into the terminal, you need only to start the terminal and connect to your trading account. If any other version of MetaTrader 4 terminal has been already installed to your computer, you can use this terminal for further trading on real xDirect Markets. accounts or create a demo-account directly from it. Please use the following server addresses in order to connect to xDirect Markets trading environment. You need to enter any of these addresses in the File > Login [Server] or in Tools > Options [Server] text fields. Servers for real accounts (xDirect Markets -Live): xDirect-Real-2 xDirect-Real-3 Servers for demo accounts (xDirect Markets -Demo): xDirect-MT4-Demo

  • What should I do if my internet connection has been lost but I need to open or close a trade?

    Despite the fact that xDirect Markets places great importance on the stability and security of its trading systems, there is always a possibility of errors or failures occurring as internet and other technological systems can be vulnerable to malfunctions. For such cases, xDirect Markets highly recommends that each customer familiarizes with the additional trading opportunities available, such as installing the trading platform on another laptop / PC or downloading a mobile trading platform application on a tablet / smartphone. In the event that AM’s online trading facilities are malfunctioning or otherwise unavailable to the customer, xDirect Markets provides a possibility to use (as a contingency measure only) a phone dealing service for the execution of the customer's trading orders. xDirect Markets phone dealing service is reachable on a 24-hour basis from Monday to Friday at +44 (0) 203 745 3659. The phone dealing service is provided only in English, Estonian or Russian. Each customer, who wishes to use the phone dealing service, is previously identified by the dealer of xDirect Markets. For such purposes each customer must present their Account Number (MetaTrader account opened with AM) and Phone Dealing Password. The customers' orders are accepted by the dealer only after completion of proper identification.

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System Requirements:

  • Windows operating system 2000, XP, Vista or 7
  • Faster CPU or 2.0 GHz
  • 512 MB RAM (1 GB recommended)
  • Screen resolution 1024x768 or higher
  • Modem/connection speed 36.6 Kbps or faster
  • Internet Explorer version 7.0 or later