Information:

Actually the forex trading procedure that will be explained below have entered into the middle and advanced level, which I assume you already understand how to make a prediction using the indicator and you can read the market trends, if you are a beginner you should still use Virtual money, but if you have more advanced can try it with real money.

Previously let's learn how to calculate Quantity and Margin availability.

How to calculate the Quantity, and profit per pips.
If you intend to use real money then the maximum amount of quantity that you can enter for $ 5 is 500 quantity, but you do not enter all of it, you should only enter a maximum of 20% or only 100 quantity, with the intention that you still have the availability of margin if you loss up to a few pips.

To find out the maximum amount of quantity of your funds is to multiply it by 100:
If your fund is $ 5 then 5 X 100 = 500, so your maximum quantity is 500.

To find out how much profit you earn each pips, based on the number of quantity your allocated, then we should see the currency pair that you use. The calculation for the currency pair EUR / USD and GBP / USD is as follows:
If your quantity allocation is 100, then 100 / 10,000 = 0.01, so the profit for each pips is $ 0.01.

If every day you get 20 pips (equal to $ 0.2) then in a month (20 working days) you will get $ 4, so that the total amount of money you will be $ 9. Same with 80% of your early funds, try to compare to the bank savings interest, is there any bank that can provide up to 80% interest per month?

How to see margin and its availability.
Please see the Portfolio window in the bottom left of the Streamster Marketiva display.

Here we can see there is a running transaction on the EUR / USD with 100 quantity, with Live Forex mode and gain profit -2.5. (minus 2.5 U.S. Dollars). From the total amount of funds 5 U.S. Dollars, in Live Forex mode using 1 U.S. Dollar margin (100 quantity), with the availability of margin 1.5 U.S. Dollars (150 quantity), and with total profit -2.5 U.S. Dollars (250 minus quantity). That means the position is currently loss -250 pips.

Set the time the transaction automatically in appropriate order.
Besides we can set a limit of profit (TP) and the loss limit (SL), we can also set the time to open the position of the transaction (OP) at a later time we want. Suppose the current EUR / USD position at 1.4850 are and you want to open a position only if the EUR / USD penetrate 1.4900, with the profit target to 100 pips.

Transactions with the time order is usually made by forex traders which see the movement opportunity based on the indicators they use, but they do not want to open a position at that time because there is a possibility the market will reverse the direction, while to wait until the position is achieved will take long time, therefore this facility is used so that the forex trader can turn off their computer and do other activities.

In addition, this facility can also be used to make traps where you predict the market will have a major movement but not sure whether to go up or go down, for example: At this time, EUR / USD position at 1.4850 and you set the transactions will occur if the position of EUR / USD go up and penetrate the 1.4900 point, and if the EUR / USD going down, the transaction will occur if the EUR / USD penetrate 1.4800 point, so that wherever the direction of the market then you will still profit. But this technique requires special expertise and more experience, do not do that if you do not understand the market.

This facility can be found on the Send Order window on the Price Type option where if you click the drop-down menu will appear three options which are: Market, Stop and Limit.

Market Order
If you want to do buy or sell transactions at this time on the existing market position, the order transaction will executed directly into the market that are currently running.

Stop Order
If you want to do a buy transactions above the market price, or want to do a sell transactions under the market price which is currently running.

In other words, if you believe the chart direction will continue go to the top, then you make a buy order, whereas if you believe the chart direction will continue go to the bottom, then you make a sale order.

Stop orders implemented if you estimate the direction of the chart will continue to penetrate a one point according to the certain directions, with the possibility if that point can not be penetrated the chart will be turn directions.

Example: current EUR / USD chart is at the 1.4834 point, and you estimated if it continues to penetrate the 1.4850 then the charts will continue to rise above 1.4870 (see picture on the right). Therefore you do the stop order for the position 1.4850 point, with profit target in 20 pips above of that order position (1.4870) and stop loss 30 pips below the order position (1.4820). To do this order, as usual right-click on the chart and select the buy/sell menu, and then follow the steps below:
1. Ensure the currency pair is correct 2. Select Buy 3. Select Stop 4. Fill in the position numbers where you want to do order (1.4850) 5. Fill in the Quantity you want, for example: 1000 6. Select Live Forex if you want to use real money 7. Fill in the desired profit target position numbers (1.4870) 8. Fill in the desired loss limit position number (1.4820), and click OK You can see the details of this order with the click on the orders tab on the bottom-right of Streamster software display, such as the following: At the position have been determined then your order will be executed, in this example the order executed when chart touches the number 1.4853 (due to 3 pips spread of EUR / USD), as in the image on the left below:

After the chart continue increase to the number 1.4873 your transaction is completed in accordance with the estimated target, see in the image on the right top.

Advantages:
If the chart movement turn to the opposite direction, then your order will not execute, so you avoid loss due to incorrect estimates.

Disadvantages:
You may lose a few potential pips profit than if you do a market order manually, because you do order a few pips to more than the position at this time.

Limit Order
If you want to do a buy transaction below the market price or to do a sell transaction above the market price that running at this time. In other words, if you believe that the direction of the chart will go down at first time, and after that will ascend to the top, then you do order to buy when the chart in below position, whereas if you are sure that the direction of the chart will rise to the top and then continue down to the bottom, so you do order to sell when the chart in above position.

Limit Order is made if you estimate the direction of the graph will rebound to the opposite direction and will continue to penetrate a certain number,where you take the profit with open the transaction at the time of reversal direction occurs.

Example: At this time EUR / USD chart is on the 1.4831 point, and you estimate the chart will come down to touch 1.4820 before finally rising to the top to penetrate 1.4840 (see picture on the right). Therefore you do the limit order for the position 1.4820 point, with profit target in 20 pips above of that order position (1.4840) and stop loss 30 pips below the order position (1.4790). To do this order, do right-click on the chart and select the buy/sell menu, and then follow the steps below:
1. Ensure the currency pair is correct 2. Select Buy 3. Select Limit 4. Fill in the position numbers where you want to do order (1.4820) 5. Fill in the Quantity you want, for example: 1000 6. Select Live Forex if you want to use real money 7. Fill in the desired profit target position numbers (1.4840) 8. Fill in the desired loss limit position number (1.4790), and click OK You can see the details of this order with the click on the orders tab on the bottom-right of Streamster software display, such as the following: At the position have been determined then your order will be executed, in this example the order executed when chart touches the number 1.4817 (due to 3 pips spread of EUR / USD), as in the image on the left below:

After the chart continue increase to the number 1.4843 your transaction is completed in accordance with the estimated target, see in the image on the right top.

Advantages:
You get a few pips profit than if you do a market order, because you do order a few pips to the position prior to the estimated direction.

Disadvantages:
If the chart turned direction before reaching the position that has been determined, then your order will not execute, so you lose a potential profit.

And if the chart continues to move without reverse direction, then you will be lose because the transaction reached the stop-lose (SL).

Cancel your Order
If the position of your order is not achieved so that order was not executed, then you should cancel that order, so that order will not execute at the inappropriate time, to do this is by clicking on the number on the Order ID column in the row of your order.

Then click on the Cancel button in the Order Action window, like this:

Then click on the Yes button

So your order status on the line in Orders window changed to CANCELED like this:

If you are already more advanced and can make the $ 10,000 virtual money and the $ 5 real money increased, then it's time you increase your capital, please open the next page.

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