Forex Trading Metatrader 4

What is "Initiative Q" currency?
Forex Trading Metatrader 4
Initiative Q is pointless because it’s not cryptocurrency. Initiative Q is not the next bitcoin. It's somewhere between DigiCash and monopoly money.

Initiative Q has been experiencing viral growth thanks to its social media invite-only system. It aims to be a digital currency whose value grows over time similar to a pyramid scheme, where latecomers secede a portion of their rewards to early adopters.
As shady as it sounds, it's by all appearances an earnest attempt to solve longstanding problems with cryptocurrencies and create a system that will drive wealth to a great many people. It's not a cash grab like an ICO either. Signing up for Initiative Q is completely free, minus the self-respect you have to sacrifice to willingly walk into something that's doomed to fail.

But you certainly don't need to worry about missing out on it. As earnest as Q is, it serves no purpose and has nothing of value to offer.
Firstly because there is no discernible reason for anyone to ever accept Q tokens instead of real money, and secondly because even if it actually launches a payment network it's doomed by its own centralized design choice.

What is Muhurat trading, and what are the benefits?

Muhurat trading is the trading activity in the Indian stock market on the auspicious occasion of Diwali (Deepawali), a big festival for people of India. Usually, it is held during evening hour and is announced by the stock market exchanges notifying traders and investors of the non-scheduled trading hour. This hour is derived from Gujarati culture (dominant sect of people in Dalal Street) who do similar trading on hours of Diwali. 

For the trading communities of the north India, the new financial year begins with Diwali. A puja is performed to accounts books and safes on Dhanteras as well as on Diwali day to signify the beginning of a new year. A coin - which signifies wealth - is placed on the account books before the puja. Stock brokers perform 'Lakshmi Puja' at the exchange and the customary Muhurat trading takes place. It is believed that on the night of Lakshmi Puja, the Goddess comes to reside at the place of the puja during which the traders and shopkeepers stay awake with lights burning all night.

As Diwali also marks the beginning of the New Year, it is believed that Muhurat trading on this day brings in wealth and prosperity throughout the year. An auspicious beginning is thus made on the first day of the year. 

Mahurat trading a tradition, it offers no benefit

What are the advantages of currency trading?

Benefits of Trading Forex 01 - Low Costs 
Benefits of Forex Trading 02 - No Middlemen
Forex Trading Benefits 03 - No Fixed Lot Size
Forex Trading Benefits 04 - Low Transaction Costs
Forex Trading Benefits 05 - No One Can Corner the Market
Advantages of Trading Forex 06 - 24 Hour Open Market 

Advantages of Trading Forex 07 - Use of Leverage and Margin
Advantages of Forex Trading 08 - Very High Liquidity
Advantages of Forex Trading 09 - Low Capital Requirement
Forex Advantages 10 - Profit Potential from both Rising and Falling Market
Forex Advantages 11 - Free Stuff Available Everywhere!

what are the prospects of currency trading?

Possibility vs. Probability

Theoretical patterns of gain or loss do not always translate into probable outcomes on the foreign exchange. Doing the math with a return on investment (ROI) calculator can put into perspective what would be necessary to turn $100 in assets into $10,000 within one year. Your annual rate of return on investment would need to be a staggering 9,900 percent to achieve such a return.

Breaking this down another way, we can use the compound interest calculator provided by the SEC on to determine how much your daily rate of return would have to be to have a $9,900 profit at the end of one year.

The compound interest calculator (which in this case is used as a profit compounding calculator) shows that if you entered and closed out one trade every day of the year, the average profit on each trade would have to be at least 464 percent. In other words, you would have to more than quadruple your money every day to come even close to $10,000 at the end of a year.

All the Money in the World

There may be a few traders who believe they can achieve such returns on a consistent basis but looking at the volume of assets that exists in the entire world puts the matter in perspective. A MarketWatch article estimated this to be about $90.4 trillion as of 2017. Now let's assume that instead of $100, a few large investment banks make trades with the same 464 percent daily profits, reinvested daily.

For argument's sake, assume the initial trade commitments of 10 large investment banks each totals $80 million. These are huge investments, of course, but keep in mind that the daily trading volume on the forex can range from $2 trillion to $4 trillion depending on periods of volatility. Our 10 big banks' huge investments might only account for about 20 percent of the forex's daily trading volume depending on activity.

If these big banks had the same 464 percent daily return needed to produce a $9,900 profit on an initial investment of $100, how much money would they have at the end of one year? According to our calculator, about $80 trillion, which is nearly all the money in the world.

What are MT5 Forex brokers?
MetaTrader 5 (MT5) is the new iteration of the industry-leading platform MT4. The company behind both projects, MetaQuotes, has kept all of the positive features of the previous version, while adding a few new twists. 
Most notably the charting package is very similar to the old one, which most traders enjoyed. More candlestick timeframes are now available for the short-term traders. Additionally the economic calendar is directly integrated with the charts, with small bookmarks on the time axis in the bottom. Of course, these can be filtered out or fully removed from the “Calendar” menu.
The MQL Marketplace is also available for MT5, but the old indicators and Expert Advisors, which were developed of MT4 will not work on the new platform. Updated versions are being developed, but some time will have to pass before their number reaches the thousands of ones available for the old version.
Initially MT5 was aimed at futures and stock trading. Thus a client wasn’t able to have a long and a short position available at the same time (what is commonly referred to as “hedging”). This is no longer the case. Now the trading conditions in this regard are dependent on your broker and the trading instrument in question.

Because Metatrader 5 was released in 2010, five years after the release of Metatrader 4 and at a time when Metatrader 4 was already very popular, and due also to the number sequence in the platform names, there is a common misapprehension that Metatrader 5 was a new improved version of Metatrader 4, designed to do the same job better. This is not really true at all, although it is a trading platform and back testing machine just as Metatrader 4 is, and the graphical user interfaces look and feel fairly similar. Any adequate Metatrader review should point this out.
Metatrader 5 was actually designed to do some things that Metatrader 4 could not do. In reality, it was aimed at a different market, and thus, there is really very little reason to enter a discussion about “MT4 vs. MT5”.

Essentially, Metatrader 5 was designed to be able to trade markets other than Forex, such as stocks and commodities, essentially because it is better able to plug into a centralized trading exchange. Forex is a completely decentralized market, with a number of major players providing liquidity into this huge market at slightly different prices, in an uncoordinated fashion. Stocks and commodities, the latter of which is traded largely as a futures contract (infact several contracts with different expiry dates), must usually be traded through a centralized process before ownership can change hands with full legal effect. At the time of the MT5 development and release, it can be assumed that Metaquotes foresaw a retail stocks and commodities trading boom, and designed the software to fit that market.

The other major differential design factor was its compliance with the U.S.A.’s “no hedging rule”, which states that clients of Forex brokers in the U.S.A. must deal on a F.I.F.O. (first in, first out) basis. This means that if for example a trader goes long 1 lot of EUR/USD, and then goes long an additional 1 lot of EUR/USD, the first trade must be closed before the second trade can be closed. While Metatrader 4 logs every trade individually and allows for management of each individual position separately, Metatrader 5 automatically aggregates all positions. Therefore, only Metatrader 4 can deal with hedging: Metatrader 5 caxnnot. This is fine for traders in the U.S.A. as they are legally barred from hedging in any case, but in most of the rest of the world, many traders find an inability to execute hedging operations a very annoying an unnecessary handicap. It is probably the major reason why many traders have come to feel annoyed at being “pushed” into using Metatrader 5 in the place of Metatrder 4 by their brokers and arguably by MetaQuotes as well.

list of MT5 broker  name.....

Best MT5 Forex Brokers 2018 (Metatrader 5)
  1. FxPro MT5. Always among the most famous and awarded, the London-based broker FxPro has been awarded Best MT5 Broker on the latest UK Forex Awards 2016. ...
  2. Admiral Markets MT5. ...
  3. Active Trades MT5. ...
  4. Exness MT5. ...
  5. ForexTime FXTM MT5. ...
  6. Swissquotes MT5. ...
  7. NordFX MT5.

How do you use the average daily range when trading forex?

In today’s lesson, we will discuss a very simple but highly useful tool that can provide valuable information to the trader. The indicator I am referring to is called Average Daily Range (ADR), which provides data on a currency pair’s daily volatility. We will discuss how to use ADR to find hidden support and resistance areas on the chart, and how we can generate short term trade signals from these levels.

Average Daily Range of Currency Pairs

The Average Daily Range shows the average pip range of a Forex pair measured over a certain number of periods. Traders can use the ADR to visualize potential price action outside the average daily move. When ADR is above average, it means that the daily volatility is higher than usual, which implies that the currency pair may be extending beyond its norm.

The ADR can be helpful in setting targets for positions you are currently in as well. For example, if the ADR shows you that a Forex pair has an average daily range of 85 pips, then it might be wise to tighten up your target if a price move has achieved or is close to this expected range.

The ADR is also useful for trading intraday reversals. For example, if a currency pair reaches the top of a daily range, then it could be due for a reversal, and you could consider a mean reversion strategy to capture a potential retracement.

Average Daily Range Indicator

Before we dive into how we can use the ADR to trade, we should take a moment to understand the composition of the indicator. The indicator has a very simple and easy-to-understand formula, which will be discussing next.

How to Calculate ADR

The calculation of the daily range of a currency pair is a relatively easy process. You simply take the distance between the daily highs and daily lows of a currency pair. The technical indicator is fully customizable, and you can configure it to take into consideration as many periods as you want. Let’s see an example of how the ADR calculation works:
Say that we adjust our ADR indicator to take into consideration five days. The distances (range) between the highest and the lowest point of each of these days are:
  • n1 = 56 pips
  • n2 = 27 pips
  • n3 = 78 pips
  • n4 = 30 pips
  • n5 = 42 pips
The ADR calculator formula is as follows:
ADR = (n1 + n2 + n3 + n4 + n5) / 5
And now we apply the values to the formula
ADR = (56 + 27 + 78 +30 + 42) / 5
ADR = 233 / 5
ADR = 46.6 (approx. 47)

The more periods you take into consideration, the more “n” values you will have and the higher the divisor in the formula will be. So, let’s say you take a 1-year period for your ADR. This would mean that you will have 260 “n” values in the formula, because there are 52 trading weeks in a year and five trading days in a week (52 x 5 = 260). This means that you will add 260 “n” values, which you will need to divide by 260.
Fortunately, you do not need to manually do this yourself, because the ADR indicator within your trading platform will perform this calculation. The only thing you are required to do is to select the period input you want the ADR to take into consideration.

 Reading the ADR Indicator

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