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My perspective of How BrokerXP review help me and how can help you also.In this review, we are taking a look at a trading platform that is used by traders all around the world. BrokerXP offers a varied range of financial products with competitive fees and an easy-to-use trading interface.
With advanced trading tools and charting features.
BrokerXP FeesIf trading fees are important to you, then BrokerXP has you covered. BrokerXP offers low spreads that are available to all customers. For forex traders, BrokerXP has no fees at all, this means that you can maximize profits when trading currency pairs. The broker also offers a guaranteed stop-loss order which Is when clients get their stop-loss order rate guaranteed when setting a risk threshold in their position. BrokerXP also offers a 200:1 leverage ratio, which means that for every $1 in your account, you control $200 in the market. So if you are trading and don’t have much capital, you can still generate significant income as your profits can be multiplied by 200x. However, if you are a beginner then it is not advised that you use leverage on your trades. As profits are multiplied, so are losses. Before leveraging, learn the basics and trade using a demo account as this can stop you from losing too much money when you start trading actual capital.
BrokerXP SecurityMT4 and BrokerXP have end-to-end encryption that secures trades and funds that are within the trading account itself. Imagine your trading account like a debit card, you wouldn’t put thousands of dollars in your debit card and leave it on a park bench. So when choosing what trading platform you want to go with, make sure that they take the security of your account and funds are serious as you do.
To find more answers please watch this video
BrokerXP MT4MetaTrader 4 is seen as the flagship trading platform, used by individual traders at home and large institutional investors alike. The platform is available on iPads, iPhones, Android phones, Android tablets, and just about any other web-enabled device. If you want to use the desktop version, instead of the web-app version, then you can download the desktop version and trade from the version. Once you’ve downloaded or loaded the platform, you can log in using your BrokerXP credentials. You can customize the charting interface, changing between light and dark mode, along with some other interface elements. Like with most online platforms, the security flaws come as a result of the customer not securing their side of things. This means that when you are trading, make sure to use long passwords that are difficult to guess and crack. Also, try and avoid trading on public computers as these can lead to your account being compromised.
On MT4 you will notice some phrases on the trading interface, here is some explanation of what they mean. When you see the Symbol tab, this means that you can choose between markets. BrokerXP offers many different trading asset options. You can trade forex, gold, stocks indices, and more. The volume tab is where you decide on your trading size. When you see 1 lot, this is equal to 100,000 units of the base currency. The Type tab is where you decide on your trade execution mode, we advise that you stick to ‘instant execution’ as this will place a trade as soon as your press ‘buy’ or ‘sell’. If you set a ‘pending order’, then the platform will make the trade when the market opens back up. The forex market is open 24/7, so this execution method will rarely be available. Stop-loss is another term that you may see on the MT4 interface, this means that your trades are exited when your profits hit a predetermined point.
Depending on what type of trader you are, the platform will offer you a specific set of charting timeframes that best suit you. For example, if you are day trading you may look at charts on a 10-minute timeframe. MT4 offers charting timeframes for 1 minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, and 1 month. You can also set custom timeframes in case the standard ones are not suitable for your trading technique.
Along with advanced timeframes, MT4 also offers 30 technical indicators such as the Elliot Wave indicator, Bollinger Bands, and pivot points, along with many more. There are also third-party add-ons that can be integrated with the platform in order to customize your interface further. Add-ons like Stealth Orders and Alarm Manager are two of the most popular addons. The first is an extension, Stealth Orders is designed to anonymize trades, with Alarm Manager helping coordinate alerts and notifications. With MT4, you can also create your own extensions using Java API, which is one of the platforms most advantageous features, as it can make everything unique.
BrokerXP Mobile TradingThe MetaTrader 4 mobile app is designed with the main focus being on ease-of-use. The mobile app is packaged with lots of research tools, advanced charts, and watch lists for scanning, with many more features.
When using BrokerXP’s mobile trading app (MT4), the look and feel of the mobile app have the same appearance as the web version. This means that if you know to operate the web-based platform, then the mobile app will be easy for you to grasp. With charting, you are given the same charts that are offered on the web app. However, due to the mobile screen being smaller, carrying out advanced forex analysis may be more difficult on mobile devices. But for making orders, setting stop loss or checking basic tasks, the mobile app is more than capable of doing so. The main benefit of using the mobile app is that you can make trades on the go. You no longer have to be at your computer or office in order to set trades. Let’s say that you make a trade at home then go grocery shopping. Whilst you are out you realize that you didn’t set stop-loss in your rush and your pair is depreciating when you check. Now, you can use your mobile to exit a position immediately, you don’t need to wait until you get home.
BrokerXP Customer ServiceBrokerXP has a great dedicated customer service team, they are very professional and offer solutions to all of the problems that you could present them with. If you are a new trader, then you may encounter some problems when trying to get to grips with a new trading platform, so BrokerXP offers extensive educational resources. These educational resources are designed to help people familiarise themselves with the platform and all of the financial assets that are available to be traded on the BrokerXP platform. The MT4 platform also has a customer support team that is able to deal with any questions or issues that you are having on the trading side of things. MT4 also has a community section for traders, where questions about trading can get answered. A community forum is a great place for you to get tips about trading and non-essential things that the customer support team may not need to answer.
For customer service, you could read here and on this link.
To conclude, BrokerXP is one of the best choices for financial asset trading available.
Their low fees and advanced features make it perfect for beginners and pros alike.
For more reviews, you should visit official reviews on the website, Trustpilot and Sitejabber.
We highly suggest visiting also on Patch following links for more info and updated news
Help with daily pivot, weekly pivot on MT4 3 replies. Pivot high - Pivot low MT4 3 replies. Problem with Weekly Pivot Points in MT4 11 replies. Pivot points in MT4 0 replies. mt4 pivot points 2 replies Calculation of Pivot points We will start from pivot point itself, or as it calls just “Pivot”. Also for simplicity lets mark Pivot Point as “PP”, Pivot resistance as “PR” and Pivot Support as “PS”: Pivot t = (High t-1 + Low t-1 + Close t-1)/3 As you can see I add markings “t” and “t-1”. It means that we should use High, Low and Close price of previous trading period to ... There are 5 different types of pivot points formulas that are used by pro trader. One of the pivot points formula uses fibonacci ratios to calculate the 3 support and resistance levels S1/R1, S2/R2 and S3/R3. This Fibonacci Pivot Point MT4 Indicator uses that formula. I even posted a download link for MT4 Pivot Points. Kindly search the thread(s) and you’ll find what you’re looking for. Also: there is a wealth of information on these threads (and in that post of mine) regarding Pivot Points. Take a little time to search the threads and read some of the posts. You won’t be sorry. Regards, Dale. (forexbrokersonline.net). mp6140 2008-12-06 12:05:35 UTC ... In many ways, forex pivot points are very similar to Fibonacci levels. Because so many people are looking at those levels, they almost become self-fulfilling. The major difference between the two is that with Fibonacci, there is still some subjectivity involved in picking Swing Highs and Swing Lows. With pivot points, forex traders typically use the same method for calculating them. Many ... The PlotFuturePivots feature was actually intended to plot the pivot points of the next period in the future based on current price calculations. This is so you can use a drawing tool to draw where you think price will move in the next day, week, month, etc.. They were not intended to overlap with the current period's pivot points as future pivots start off scrunched up which would interfere ... The #1 Forex Forum for Coders & Analysts. Expand your MetaTrader platform with our advanced, non-repainting MT4/MT5 Indicators, Strategies & EA's, today. Logout; Register; New posts; Unanswered topics; Active topics; Thanks list; Attachments forums. List of attachments posted on this forum. All files on forums: 65411. Image Files (32742) Zip Files (2048) Document Files (1057) Indicator & EA ... Unzip the file and copy Pivot Lines.mq4 to your MT4 folder under “experts/indicators”. Restart MT4 and “Pivot Lines” will show up in your “Custom Indicators”. Terry Attachments forums. List of attachments posted on this forum. All files on forums: 62089. Image Files (31091) Zip Files (1914) Document Files (1040) Indicator & EA Files (22354) Media Files (1) Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4. ashetty033, Sun Jul 09, 2017 11:53 am. Hi, Please help me with Minutes/Hourly pivot indicator... So that I can plot 15min ... SelfMAde MT4 Indicator for Auto Trend Lines. Indictor calculate the waves (impulses) and then pivot points. This indicator don't use any ZigZag algoritm. It ease for use and, I think, is very usefull.
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Fibonacci studies such as retracements, extensions, and projections are quite popular in the financial markets. But did you know that you could incorporate t... Best Support and Resistance Indicator Pivot Point Indicator for MetaTrader 4 (MT4 ) Free Download https://forexpasha.blogspot.com/2020/01/Best-Support-and-Re... Pivot Points are a popular indicator that many Forex traders will use in addition when price action trading. But knowing how they work and how to use them co... Get more information about IG US by visiting their website: https://www.ig.com/us/future-of-forex Get my trading strategies here: https://www.robbooker.com C... 4 Hour Pivot Point Strategy http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Combin... http://tradingwithvenus.com I this video, we'll go through the step by step process of how to install Pivot Points in MT4 FREE ORDER FLOW COURSE: http://bit.ly/2uGAQ2V Free Trading Course: http://bit.ly/2PBGwlT A fun fact about pivot points is that they originated from floor...