Metatrader has a built-in error identification mechanism within its terminal. Like most software, errors detected are expressed in numerical codes. The errors can usually be found under the experts or journal tab of your Metatrader terminal window. If you are using custom software for trading, such as an expert advisor or script, you may also ask your programmer to display the errors on the screen. This articles lists the most common errors experienced by traders while using the trading terminal.
Error 3 “Invalid Trade Parameters”
It means that one or more of the trade parameters of your most recent order was unacceptable to the broker. If the order was sent by a human trader, check the lot size, stoploss, and takeprofit values and see if they meet the requirements of your broker. If it’s an expert advisor, you should also check on the comment variable, as giving a null value or double quotation marks (“”) to the variable are sometimes rejected by the server.
If the last order sent was for a pending order, check if your broker allows pending order expiration. Some brokers disable this feature, and would only accept a zero value for the variable.
Error 6 “No connection with trade server”
It simply means that the terminal is unable to connect to the server. This could be a server fault, but it’s often a local internet connection problem.
If your internet connection is fine, check the internet connection status at the lower right-hand portion of your Metatrader terminal. If the…
Becoming a successful Forex trader is part science and part art. You can easily learn the facts or the science and then the way you use the knowledge to become successful, is the art. To become a Forex trader you need to master both parts of the equation, and develop courage and perceptiveness in a market that fluctuates with the times.
The first decision to make is about whether it is something you really want to do. If you go into foreign exchange trading with a half-hearted attitude, you will be more fearful of downturns in the market that will leave you exposed to losses. Forex trading is not for the faint hearted.
Know your subject by researching and learning everything you can about this potentially lucrative income stream. The internet offers valuable resources and there are good books written on the subject. You need to understand how it works and how it actually creates an income stream for you. Ask questions of experienced traders and watch the market for a while. You need to have knowledge of sound trading strategies before you start out.
Like any enterprise, there are necessary tools that you will need; these include a high-speed internet connection and data feed. You can work from virtually anywhere there is an internet connection. Multiple monitors make the viewing of the many charts you will need, so that you can make informed trading decisions with confidence.
The next step is to create some strategies for yourself. Use the knowledge you have acquired to…
Forex trading is getting more and more popular in building your wealth. Many people are interested to learn how to trade in forex. As long as you have internet connection, you will be able to trade 24 hours during weekday. Here is the thing, if you start forex trading without any knowledge and strategy, you may lose your money as fast as you can earn from forex market. Yes you can start small at as low as $100 but you may have to fund it again if you lose your money or you may totally give up and not trying it anymore.
Forex trading is by far the most liquid market in the world. It is easy to earn money in actual fact if you know how. For instance, if you would like to ride a bicycle, you will have to learn how to ride a bicycle first. You may fall few times before you get the actual skills to ride bicycle safely. This applies to forex market trading as well.
Here are 3 ways you can learn forex trading:
1) The fastest and the most effective ways to learn how to trade in forex are forex seminars or workshops. The instructor will teach you step-by-step on how to set up account, teach you on technical analysis and market sentiment. The scope may vary from instructor to instructor. You can ask your questions directly and get answers immediately. Group of like-minded people will get the chance to network and discuss about forex together after the workshop. This is very powerful method to learn forex fast.
To enroll in a seminar or workshop like this will cost you thousands of dollars. But it's worth it if you have that kind of money to invest and get fast track to become successful forex trader. If you really want to enroll please find a renowned instructor's workshop so that you can learn the best skills.
2) Another fast way to learn how to trade in forex will be to learn from DVDs, online webinars. You may learn at the comfort of your home. Usually you get the all the videos, audio and will be able to watch or listen again and again until you get the juice out of the course. By using this method, you will be able to contact the instructor via email or forum to ask questions and get his reply at a reasonable time frame.
This cost less than a seminar or workshop. It is a good way to learn from an expert through this method where it may cost hundreds of dollars. In that way, you may start your forex trading at any time after you have learned the techniques.