Every day, except Saturday-Sunday, from 7 to 8 am London time you receive a message from us in our channel Telegram and  Facebook. You only need to devote up to 7 minutes of your attention to read the message, log in via mobile or desktop to your broker and place orders according to our recommendation. And that’s ALL. We won’t bother you any more during the day. In detail and with illustrations on our training course

What messages will you receive?

• A recommendation is to place an order to buy or sell a currency pair or futures contract at a specific price, as well as two orders – STOP LOSS, which limits losses, and TAKE PROFIT, which fixes profits.
• Messages about cancellation of already placed orders.
• Messages with a recommendation to move STOP LOSS on already open positions.
• Recommendations for buying or selling options on currencies or futures.
• “No recommendations” message.

       Your actions after receiving a recommendation to place a trading order

Log into your broker’s trading system from your phone or PC, place orders according to our recommendations, carefully check all parameters, carefully check the confirmation from the broker.

Your actions after receiving a message about the cancellation of already placed orders

Quite often it happens that we place an order to buy or sell a currency pair, but the rate does not reach the marked level. The order needs to be cancelled. It also happens that the market situation changes, and previously placed orders lose their relevance. You need to cancel and check the broker’s confirmation. If cancellation is necessary, we will inform you at 8-00 London time

Your actions after receiving a message about changes to already placed orders

We change orders in three cases. First: we bought or sold a currency or futures, the market went in the right direction and we change the STOP LOSS level. We move to a less unprofitable or break-even one. Second: if we want to move the TAKE PROFIT below or above the level previously set. Third: if the market moves in our direction, we divide the amount we are trading into two parts, with different levels of TAKE PROFIT. The same can happen with STOP LOSS. Fourth: Close (exercise) a previously purchased or sold option.

What is an order on the stock exchange and why is it needed?

This is an application to a broker to buy or sell assets. Thanks to such operations, trading is carried out on the stock exchange. Technically, an order in trading is a command on a quote chart, where participants set the parameters of the transaction: action, amount, restrictions. If the market meets the specified conditions, the operation is completed.

Types of orders and their differences

Let’s consider three types:

• market;
• limit;
• Stop;

Market — orders to complete a transaction on the exchange at current prices. Sometimes, at the standard time of our interaction – 7-30 am London time, we send you a recommendation to “buy or sell at the market”. You go to your broker and make an operation. Sell ​​or buy at the current rate, set the recommended Stop loss and Take profit.

Limit — an order to execute a transaction when the conditions set by the trader are met. For example, we are not satisfied with the current price of an asset, but there is an assumption that it should soon fall to the N level. We use a pending order: make a purchase when the price N is reached. If this condition is met, the order will be executed automatically.

Pending orders are divided into four types.

• buy-limit — purchase subject to price reduction and further growth. For example, according to our forecasts, the value of an asset should fall and then begin to rise again. Following the recommendation, you place an order at the expected value of the “lower” price and make a purchase as soon as the chart reaches this point.
• Sell ​​limit – selling at a high price with the condition of its further decline. This is the opposite situation: we assume that the asset will reach a peak, after which it will begin to fall in price. The order is then set to the expected maximum value.
• Buy stop — purchase at a price higher than the current one with a forecast for its further increase. In the event of a prolonged increase in the value of an asset, this type of order will allow us to open a position at the maximum price allowed for us and make money on the subsequent rise in price.
• sell-stop — sale at a price lower than the current one with a forecast of its further reduction. In the event of a prolonged decline in the value of an asset, an order will allow you to sell it cheaply and then purchase it even cheaper.

Stop Loss orders are used to reduce transaction risks. We use this order to preserve profits, the second insures the investor against too large losses. Together with any order, be it a limit or a stop, with the help of which we open a position, that is, we buy or sell a currency pair or futures, we immediately place a stop-loss order “to perform a reverse operation at a given price.” For example, if we sold 100K EURO\USD at the rate of 1,0870, but the price of the currency pair did not go down, but on the contrary, then at the level of 1,0930 (for example) our stop loss order will be triggered, a purchase of 100K EUR\USD will be made and our the position will be closed.

Detailed instructions – training course for placing orders according to our recommendations HERE

Training

We advise you to open a DEMO account with virtual money with any broker and practice for several days (or weeks) in placing orders, canceling orders, changing orders, monitoring your open positions, testing our competence. In detail, with illustrations and explanations, see our training course. 

Instruments we will trade

• 9 major currency pairs.
• 5 “exotic” currency pairs.
• Three pairs of cryptocurrencies.
• options on currencies, both individual positions and hedging.

Which brokers do we recommend opening a trading account with?

You can open a virtual trading Demo account with any broker who provides such an opportunity. But if you decide to trade with your real money according to our recommendations, we advise you to look at the list of brokers that, in our opinion, are reliable. We also recommend reading our blog about brokers, starting with this this post