You can find most commonly asked questions here, but if you are still in doubt feel free to contact our customer support team.
About Fmtrending
FMTrending is a trading name of Trending Financial Market Ltd Reg. No. 99726. FMTrending is authorized and regulated of REGISTRAR OF CORPORATION of REPUBLIC OF THE MARSHALL ISLANDS
FMTrending runs a Client Service Desk 5 days a week between 9am – 5pm, Monday to Friday. To contact the Client Service Desk you can e-mail us at support@fmtrending.com.
Funding and Withdrawals
FMTrending offers multi-channel funding including bank transfer, Help2pay, Paytrust, and Payment Asia.
FMTrending has a minimum deposit requirement of $500 (of your base currency) for Standard Accounts. The minimum deposit requirement for Pro Accounts is $20000 (of your base currency).
You can have your trading account based/denominated in any of the following currencies: EUR, USD, GBP, PLN, AED
If using your own bank to convert funds from another currency, you may be subject to high conversion fees. Please contact our Customer Support by sending email to support@fmtrending.com for alternative options.
If you have funded your FMTrending account via bank transfer, the funds will need to clear before they appear in your trading account and become available for use. This can take 2-5 working days depending on your location and bank.

If you have funded your FMTrending account via Help2pay, Paytrust or Payment Asia, funds will usually be available in your account within a day of completing the transaction.
Log into the FMTrending Secure Client Portal and submit a withdrawal request. You can submit a withdrawal request at any time.
Please note that funds can only be withdrawn to a bank account in the same name as the trading account if you have a company account you can’t withdraw funds to an account in the name of an individual.
Yes. FMTrending supports the following base currencies for your trading account: EUR, USD, GBP, PLN, AED
You can submit a withdrawal request at any time through your FMTrending Secure Client Portal.
FMTrending cannot guarantee same day value for receipt of funds. Processing times are subject to the bank processing times but typically can take between 1-2 days for local transfers. International Transfers may take 2 – 5 days to be received.
You can check your trading history and open positions at any time via your FMTrending Secure Client Portal.
You will also receive a daily account statement if there is trading activity during that day, and a monthly statement at the beginning of each month.
Fmtrending accounts
Our Standard Account allows you to trade over 470 different instruments including Forex, Global Equity CFDs, Indices, Commodities, Bitcoin and Litecoin. You can view the complete list of FMTrending financial instruments in the Product Schedule on our website.
The opening hours for our Margin FX Contracts match the foreign exchange markets. Foreign exchange markets trade continuously.
They open at 7:00AM Monday morning AEST (09:00AM AEDT during summer time, 1 December to 1 March) and remain open until 6:00AM Saturday morning AEST (08:00 AEDT AM during summer time, 1 December to 1 March). They are open 24 hours a day during this period.
As our offering is very broad (over 470 instruments in Standard Accounts) some instruments might have slightly different trading hours.
You can check trading hours for each FMTrending financial instrument in the Product Schedule on our website.
Our prices derive from the aggregation of our various counterparties providing access to the underlying markets. You only deal with FMTrending.
The FMTrending MetaTrader 4 server is running on UTC+10 (AEST) and UTC+11 (AEDT) during summer time (1 December to 1 March). Daily bars on the chart will represent the Australian time zone.
FMTrending Demo Accounts are active for 30 days.
If you’d like to avoid the expiry, contact our Client Service Desk to discuss the requirements for an extension at support@fmtrending.com
FMTrending allows trading of micro lots, for example a 0.01 lot, which is the equivalent of 1,000 base currency. As our offering is very broad (over 470 instruments in our Standard Account) some of the instruments may have a different minimum deal or trading step size.
You can check minimum trading step size for each FMTrending financial instrument in the Product Schedule on our website.
FMTrending allows most types of trading including EAs, scalping and hedging.
The online application will generally only take 5 minutes to complete. Where a potential client can be electronically verified or all required ID documents are submitted online, the account can be set up within 1 working day.
FMTrending allows you to have multiple live and demo accounts in different base currencies.
You can open new live and demo accounts easily at any time through our FMTrending Secure Client Portal.
Maximum leverage for a Standard Account with FMTrending is 500:1 (500:1 for Pro accounts). As our offering is very broad (over 470 instruments in Standard Accounts) some of the instruments might have different margin requirements.
You can check margin requirements for each FMTrending financial instrument in the Product Schedule on our website.
Yes, FMTrending allows all Expert Advisors, including scalping EAs.
You can be logged into the same live account on multiple devices.
The main difference is that Standard Accounts are pure spread, on more than 470 instruments. Pro Accounts are commission based and provide institutional grade tight spreads.
For a comparison of our trading accounts visit the Account Types section of our website to determine which account is right for you.
No, there is no cost involved in opening an account with FMTrending.
Log into your trading account at the MT4 platform
Select ‘Tools’ in the menu, then click ‘Options’
Select the ‘Server’ tab and click ‘Change’ button next to the password box.
If you have forgotten your MT4 password, you will need to contact our Client Support Team at Support@fmtrending.com
Our Client Service Desk will be more than happy to help you with changing your account details. Please e-mail us at support@fmtrending.com.
FX Trading
By convention the foreign exchange markets adjust the value of an open position to reflect the different interest rates applicable to the underlying currencies.
If you have an open position at the end of day during which you have taken the long/bought side in the high yielding currency, then the value of the swap fee is typically in your favour to reflect the difference between the interest rates on the two currencies.
If you have an open position at the end of a day during which you have taken the long/bought position in the low yielding currency, then the value of the swap fee is typically against you. In certain market conditions, FMTrending may require Clients to pay a Swap Fee where ordinarily they would have received a Swap Fee. FMTrending applies swaps daily at midnight AEST MT4 Server time Triple daily swaps are applied on Wednesday (midnight AEST) for the applicable currency pairs. Swps for CFDs on spot indices, commodities, stocks, and crypto-currencies are applied on Fridays. Swap Fees are applied in the base currency of your account. The Swap Fee accrues whilst the position remains open and is credited or debited to your account when the trade is closed.
Swap rates can be found on the FMTrending MT4 trading platform. To see the swap charges for a currency position:
Right click on an instrument in the ‘Market Watch’ panel of MT4 (left hand side).
Then click ‘Specifications’.
This will display all the features of the instrument including the relevant swap rates.
If you need further assistance with locating swap rates on the FMTrending MT4 platform, please do not hesitate to contact client services at support@fmtrending.com
There are no commissions charged on transactions executed in our Standard Account except for stock based CFDs which do incur a commission. Please refer to our PDS for further details.
Pro Account commissions are listed on the Instruments & Conditions section of our website. The standard rate is 0.003% per side.
FMTrending allows trading of micro lots i.e. 0.01 lot which is the equivalent of 1,000 of the base currency. As our offering is very broad (over 470 instruments in Standard Accounts) some of the instruments may have different minimum deal/trading step size.
You can check the minimum trading step size for each FMTrending financial instrument in the Product Schedule on our website.
For both Standard Accounts and Pro Accounts, there are no distance requirements when placing stop-loss and take-profit orders.
Our spreads are variable but we do our best to make sure that FMTrending offering is very competitive in the market. Feel free to log into one of our trading platforms to check our spreads and execution.
Spread is the difference between the Bid (Sell) price and the Ask (Buy) price in the market quote.
Buy Stop – Above Market Price i.e. You set the stop above the market so when the market hits the point you open the contracts on price strength.
Sell Stop – Below Market Price i.e. You set the stop below the market so when the market hits the price, you open the contracts on price weakness.
Sell Limit – Above Market Price i.e. You set the price above the market price as you wish to open a short position at a more favourable price than the current market price.
Buy Limit – Below Market Price i.e. You set the price below the market as you wish to open a long position at a more favourable price than the current market price.
Metal, Oil & CFD Trading
Monday 8:00 AEST MT4 Server Time and 10:00 AEDT during summer time (1 December to 1 March).
With FMTrending you can trade Gold against the USD, EUR, and AUD
100 ounces = 1.0 Standard Lot ($1 USD/EUR/AUD for each Pip Movement)
10 ounces = .1 Mini Lot ($0.10 USD/EUR/AUD for each Pip Movement)
1 ounce = .01 Micro Lot ($0.01 USD/EUR/AUD for each Pip Movement)
Gold is traded against the USD, EUR, and AUD so is equivalent to FX (Swaps are calculated daily, triple day swap on Wednesday)
With FMTrending you can trade Silver against the USD, EUR, and AUD
5000 ounces = 1.0 Standard Lot ($5 USD, EUR, and AUD for each price tick)
500 ounces = 0.1 Mini Lot ($0.50 USD, EUR, and AUD for each price tick)
50 ounces = .01 Micro Lot ($0.5c USD, EUR, and AUD for each price tick)
Silver is traded against the USD, EUR and AUD so is equivalent to FX (Swaps are calculated daily, triple day swap on Wednesday)
Dates of rollovers are available in the rollover table
At rollover day we switch off trading for 30 minutes before midnight (from 23:30 until 24:00)
We calculate base value (difference between one of the following futures contracts and currently expiring futures contract).
When the base value is positive we deduct this value for long orders and add this value to short orders (reverse for negative base value). Both financial operations are calculated in swap field for all CFDs being rolled and held overnight.
When the market reopens, the base value is typically offset by a change in the unrealised profit or loss (e.g. positive base value added to swap field is offset by negative change in profit or loss).
Trading Glossary

Profiting from differences in the price of a single currency pair that is traded on more than one market.


The price at which sellers are willing to sell a currency pair, also known as the ‘offer’, ‘ask price’.


Dealer slang for the AUD/USD currency pair.

Bar Charts

A popular format for studying the price action of currency pairs

Base Currency

In terms of Forex Market trading, currencies are quoted in terms of a currency pair. The first currency in the pair is the base currency. The base currency is the currency against which exchange rates are generally quoted in a given country. Examples: USD/JPY, the US Dollar is the base currency; EUR/USD, the EURO is the base currency.

Bear Market

An extended period of general price decline in the market.


The price at which an investor can place an order to buy a currency pair; the quoted price where an investor can sell a currency pair. This is also known as the ‘bid price’ and ‘bid rate’.

Big Figure

The first two or three digits of a foreign exchange price or rate. Examples: USD/JPY rate of 108.05/10 the
big figure is 108. EUR/USD price of 1.1325/28 the big figure is .13

Great Britain Pound

The term Great Britain pound is commonly used in less formal contexts, although it is not an official name of the currency of the United Kingdom. The full, official name, pound sterling, (plural: pounds sterling) is used mainly in formal contexts and also when it is necessary to distinguish the United Kingdom currency from other currencies with the same name.


An agent, who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the Forex market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties. There are four or five major global brokers operating through subsidiaries affiliates and partners in many countries.

Bull Market

A market which is on a consistent upward trend.

Buy Limit Order

An order to execute a transaction at a specified price (the limit) or lower.


Cable is a slang Forex Market term used for the GBP/USD currency pair rate (Great Britain pound vs the US dollar). The name is derived from when the Great Britain Pound was more dominant and the currency was continually wired between North America and Europe via transatlantic cable.

Candlestick Chart

A chart that displays the daily trading price range (open, high, low and close). A form of Japanese charting that has become popular in the West. A narrow line (shadow) shows the day’s price range. A wider body marks the area between the open and the close. If the close is above the open, the body is white (not filled); if the close is below the open, the body is black (filled).


The fee that a broker may charge clients for dealing on their behalf.

Consumer Price Index (CPI)

A month to month economic indicator which gauges changes in the cost of living by measuring price changes in a common basket of goods and services that most people use, such as food, clothing, transportation, and entertainment.


A statistical term that refers to a relationship between two seemingly independent things. In forex for example, one could argue that the Euro and the Sterling have a higher correlation than, for example, the Euro and the Brazilian Real.

Currency Pair

The two currencies in a foreign exchange transaction. The “EUR/USD” is an example of a currency pair.


Deutsche Aktien Xchange, Germany’s primary stock index.

Day Trader

A trader who tries to profit from short-term price movements, often taking and closing a position within the same trade day.

Dealing Desk

Used loosely as the place where dealers facilitate pricing and executing trades.


When the value of a particular currency falls substantially.

Depth of Market

The volume of buy and sell orders waiting to be transacted for a particular currency pair at a particular point in time.

Electronic Communication Network (ECN)

An electronic communication network (ECN) is the term used in financial circles for a type of computer system that facilitates trading of financial products outside of stock exchanges. The primary products that are traded on ECNs are stocks and currencies. FX ECNs broker provide access to an electronic trading network, supplied with streaming quotes from the top tier banks in the world. By trading through an ECN broker, a currency trader generally benefits from greater price transparency, faster processing, increased liquidity and more availability in the marketplace.

European Central Bank (ECB)

Established in Francfurt in 1998, the ECB is responsible for all monetary policy decisions that influence the Euro currency. Based on the Maastricht Treaty, the ECB’s main responsibility is to ensure price stability. To this end, it is authorized to issue the Euro and is responsible for setting interest rates for those countries that have converted to the Euro.


As opposed to the major currencies which are heavily traded, exotics are the less traded currencies.

Federal Open Market Committee (FOMC)

Committee made up of Federal Reserve members who meet eight times a year to discuss current monetary policy and its effect on the present economy, and to address any possible changes needed.

Federal Reserve

The Central Bank of the United States.

Federal Reserve Board



A transaction that settles at a future date.

Fundamental Analysis

The study of economic factors (GDP, Trade Balance, Employment, and so on) that can influence prices in financial markets.


An obligation to exchange a good or instrument at a set price on a future date. The primary difference between a Future and a Forward is that Futures are typically traded over an exchange while forwards are traded over the counter (OTC).


The seven leading industrialized countries.


G7 and Russia.


The GBP is currency code for Great Britain Pound, commonly called the pound. The currency symbol for pound is £.

Good-Till-Сancelled order (GTC)

A type of limit order that remains in effect until it is either executed (filled) or cancelled, as opposed to a day order, which expires if not executed by the end of the trading day. A GTC option order is an order which if not executed will be automatically cancelled at the option’s expiration.


A term used to describe reducing risk associated with adverse market movements by using two counterbalancing investments, thereby minimizing any losses caused by price fluctuations. For example, if you sell a house in Holland to relocate to the UK (your new base currency), you are in a long Euro (EUR) position and short Pounds Sterling (GBP). To offset this position you would need to sell the equal amount of EUR to make up for the short GBP position.

Initial Margin

The first deposit by a customer which determines a corresponding maximum trade size.

Initial Margin Requirement

When entering a position, the minimum amount that must be paid in cash.

Interest Rate

The rate charged or paid for the use of money. An interest rate is expressed as an annual percentage of the principal. Interest rates often change as a result of inflation and Central Bank policies.

Introducing Broker

A person or firm that introduces customers to the broker often in return for commission or a portion of the spread.


Japan’s currency code.


Traders term for the New Zealand Dollar.


The ratio of margin to the maximum position size. With a deposit of $5000 and a leverage of 50:1, a trader could enter a position with a face value of $250,000. The high degree of leverage can work against you as well as for you. Trading leveraged products is not suitable for all investors.

Limit Order

An order to transact at a specified price or better.

Line Chart

The simplest form of charting, a line chart plots a series of lines connecting the various price levels over a specified time period.


Term used to describe a market where there are lots of buyers and sellers generating a great deal of volume.


When a currency pair is long, the first currency is bought while the second currency is sold short. To go long on a currency means that you buy it.


Standardized method of trading in forex which requires a trade of 100,000 units of a particular currency.


The minimum deposit required to maintain an open position. For example, with an open position of $500,000 and a leverage of 100:1, the required margin would be $5,000.

Margin Call

A notification that more funds must be deposited into an account because the value of the account has fallen below the minimum margin needed to cover the size of existing positions.

Maximum Leverage

The biggest position that a margin deposit would cover. At a leverage of 50, one could enter a maximum leveraged position of $100,000 by depositing $2,000 worth of margin.

MetaTrader 4

MetaTrader 4 is the cutting-edge online trading platform designed by MetaQuotes Software Corp. to provide brokerage services to customers in Forex, CFD and Futures markets.

Monetary Policy

Central bank attempts to influence the economy through money supply levels.

Moving Average

Method of smoothing out data on price charts so that trends are easier to spot. Average refers to a mathematical average or a statistical mean that is plotted over the original curve.

Net Position

Currency positions that have not been offset with opposite positions.

News Trader

An investor who bases his/her decisions on the outcome of a news announcement and its impact on the market.


Non-Farm Payroll. Reported monthly, this figure represents the total number of paid U.S. workers of any business, excluding farm employees, general government employees, private household employees, and employees of nonprofit organizations that provide assistance to individuals. The NFP report also includes estimates of the average work week and average weekly earnings of all non-farm employees.


Currency symbol for the Norwegian Krone.


NZD is the currency symbol for the New Zealand Dollar.


Also known as the Ask Price, it is the price at which a seller is willing to sell.


The right, but not the obligation, to buy (long call) or sell (long put) an underlying asset.


Instructions to buy or sell.


Technical analysis tools that provide buy and sell signals, characterized by a signal that oscillates between overbought and oversold levels.

One Cancels the Other Order (OCO)

Two orders that are submitted simultaneously. If either one is executed, the other one is automatically canceled.


The smallest upward or downward price movements quoted in forex. In EUR/USD, a movement of 0.0001 is one pip. In USD/JPY, a movement of 0.01 is one pip (for example, from 116.32 to 116.31 yen).

Producer Price Index (PPI)

An economic indicator that gauges the month-to-month price change that producers receive for their output.


When both a bid and ask price are provided for a currency pair.


Price at which a currency can be purchased or sold against another currency.


Price level at which technical analysts note persistent selling of a currency.

Risk Management

The use of strategies to control or reduce financial risk. An example is a stop-loss order that minimizes maximum loss.

Sell Limit Order

An order to execute a transaction only at a specified price (the limit) or higher.

Sell Stop

A limit order with a limit placed below the current market price. Once triggered, the limit order becomes a market order.


Selling a currency pair that involves being short the base currency and long the quote currency, with the intent of buying the currency pair at a later time when prices are lower in order to make a profit.

Short Position

In Forex Market, when a currency pair is sold, the position is said to be short. It is understood that the primary currency in the pair is ‘short’, and the secondary currency is ‘long’.


Buying and selling forex with the current date’s price for valuation, but where settlement usually takes place in two days.


The value difference between the bid and ask price of a currency pair.


Another name for the Great Britain Pound (GBP). The full, official name, pound sterling, (plural: pounds sterling).

Stop Loss Order

Order to buy or sell when a given price is reached or passed to liquidate part or all of an existing position.

Stop Loss

A limit order to close a position when a given limit is reached. When long, the stop loss order is placed below the current market price. When short, the stop loss order is placed above the current market price.

Take Profit

A limit order that is placed above the market with a long position or below the market with a short position. When the market reaches the limit price, the position is closed thereby locking in a profit.

Technical Analysis

An effort to forecast prices by analyzing market data, i.e. historical price trends and averages, volumes, open interest, etc.

Trading Platforms

A software application used for trading forex, usually over the Internet.

Trailing Stop Loss

Similar to a stop loss in that it limits potential losses in an open order. But unlike a simple stop loss where the threshold does not change, a trailing stop loss can be instructed to automatically adjust the limit price closer to the market price when the market price moves in your favor.


Buying or selling a currency pair.


The current direction of the market, whether up or down or sideways (which is sometimes referred to as non-trending or trading market).


A widely used quantity of currency. In Forex, one unit of USD is equal to one United States dollar, while one unit of EUR is one euro. For JPY, one unit is equivalent to one yen. One unit is the smallest trade size in Forex.

US Dollar

The currency of the United States of America.


Measure of how much the price of a currency changes over time.


Slang for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.

Wire Transfer

Electronic transfer of funds from one bank to another.


A currency symbol of silver. It is precious metal with the highest electrical conduction properties of any metal. It is used mainly in jewelry, photography, and for scientific and industrial purposes. It has been used as the basis for currencies in the past. Silver is traded as a commodity on various security exchanges. Like many precious metals, silver is volatile but generally maintains relatively high prices.


XAU is the currency code for gold. By popular demand, here are live gold bullion prices in eleven major currencies, US Dollars XAU/USD, Pounds Sterling XAU/GBP, Euros XAU/EUR, Australian Dollars XAU/AUD, Canadian Dollars XAU/CAD, Hong Kong Dollars, Rands XAU/ZAR, Rubles XAU/RUB, Rupees XAU/INR, Swiss Francs XAU/CHF, Yen XAU/JPY.


XAU/USD exchange rates for Gold to U.S. Dollar Starting July 15th, 2011


Traders’ term for a billion as in a billion dollars.


Currency symbol for the South African Rand.

Getting started with FMTrending couldn’t be easier. Follow the steps below to start trading in few minutes. Trading forex and CFDs is similar to the equity market and starts with opening up a trading account.

First of all you need to sign up and open an account here. In next step make your first deposit – just Log in to FMTrending Secure Client Portal, which is your online account management page, and choose one of the wide range of payment methods.


Now you can download the trading platform. FMTrending allows you to choose the best trading platforms MetaTrader 4 with Web and Mobile versions. Installation only takes a few minutes with a high-speed Internet connection. After clicking on “Download”, a MetaTrader 4 Setup window will appear.


Decide what currency/instrument you want to buy and sell. Currencies are always quoted in pairs, such as GBP/USD or USD/JPY. The reason they are quoted in pairs is because in every Forex Market transaction, you are simultaneously buying one currency and selling another.

How to Read a Forex Quote? Forex example EUR/USD = 1.13158. In this example EUR is Base currency and USD is Quote currency. The first listed currency to the left of the slash (“/”) is known as the base currency, while the second one on the right is called the counter or quote currency.


Now you should determine whether you want to buy or sell. If you want to buy it actually means buy the base currency and sell the quote currency. In trader’s talk, this is called “going long” or taking a “long position” (long = buy). If you want to sell, it’s called “going short” or taking a “short position” (short = sell).
Bid/Ask – All forex quotes are quoted with two prices: the bid and ask. Bid is for sale, and Ask is for buy. The difference between the bid and the ask price is popularly known as the spread.


Now all your trades can be seen and managed in Terminal window of MT4. You can also check your transaction history and manage your account through our FMTrending Secure Client Portal.

Open Positions in MT4
Opening of a position, or entering the market, is the first buying or selling of a certain amount of the security traded. Position can be opened either by execution of a market order or by automatic triggering of a pending order.

Market Order

To open a position using a market order, one has to execute the “Tools – New Order” menu command, press the New Order button of the “Standard” toolbar, press F9, or double-click on the symbol name in the “Market Watch” window. One can also execute the “New Order” context menu command of the windows of “Market Watch” and “Terminal – Trade”. At that, the “Order” window will open that is used for managing trade positions.




Select a security symbol for which the position is to be opened


Specify the trade volume  (amount of lots)


Set the Stop Loss level (optionally)


Set the Take Profit level (optionally)



To place a pending order, one has to open the “Order” window. This can be done by the “Tools – New Order” menu command, the New Order button of the “Standard” toolbar, by pressing of F9, by the “New Order” command of the “Market Watch” and “Terminal – Trade” window context menus, as well as by double-clicking on the symbol name in the “Market Watch” window. “Pending Order” must be selected in the “Type” field of this window.

Further, a security (symbol) must be selected, the volume and values of Stop Loss and Take Profit orders must be specified. If necessary, a comment can be written in the field of the same name. In the “Pending Order” fields one has to:


Select a type of pending order: Buy Limit, Buy Stop, Sell Limit or Sell Stop


Set the price level at which the order must trigger


Set the expiry time of the order. If the order has not triggered by this time, it will be deleted automatically

The “Place” button will send the order to be executed what is performed in two stages. First, the brokerage company places the order after it has been sent. At that, a line containing the number and status of the pending order will appear in the “Terminal – Trade” tab. If the “Show trade levels” option is enabled, levels of the placed pending order (including levels of Stop Loss and Take Profit) will be shown in the chart. At the second stage, if prices correspond with the order provisions, it will be deleted and a trade position will be opened instead of it. The trade position ticket will coincide with the pending order ticket. These changes will be shown in the “Terminal – Trade” window.

Terminal Window in MT4
“Terminal” is a multifunctional window allowing to access to various terminal features. This window allows to control over trading activities, view news and account history, set up alerts, and work with the internal mail and system journal. The window can be opened by the “View – Terminals” menu command, by pressing of accelerating keys of Ctrl+T, or the “Terminal” window button of the “Standard” toolbar.

In this tab, one can view the status of open positions and pending orders, as well as manage all trading activities. Besides, the total financial result for all open positions is published in this tab;
In this tab, one can view the status of open positions and pending orders, as well as manage all trading activities. Besides, the total financial result for all open positions is published in this tab;

History for all performed trade operations and balance without taking open positions into consideration are published here. The efficiency of all trade activities can be estimated with the results given in this tab;
All financial news incoming in the terminal can be viewed from this tab. This prompt information is indispensable for fundamental analysis;
Various alerts can be viewed and set here. Any files executable in the operational environment (including wave files) and messages to be sent by email can be used as alerts;

All message income in the terminal by internal email are stored here. Electronic messages are sent from here, as well;

This tab displays a useful web page for a trader;

Buying or downloading applications from the market of MQL4 applications at MQL5.community.

This tab displays trading signals of the “Signals” service, which are available for subscription;

Here you can download any application published in the “Code Base” section of the MQL5.community website;

This tab displays the result of searching through the client terminal;

Information about functioning of the attached expert, including opening/closing of positions, order modifying, the expert’s own messages, etc., are published in this tab;

Information about terminal launching and about events during its operation, including all trade operations performed, is stored in the journal.


The “Trade” tab contains information about the current status of the trading account, about open positions and pending orders placed.
All open positions can be sorted by any field. Then there is a line of the account balance and financial result of open positions followed by the list of pending orders. When a pending order triggers, a new position will be opened and the pending order line will be replaced with that of the position opened.

All trade operations are displayed as a table having the following fields (from left to right):

The operation ticket number. It is a unique number of the trade operation;
Time of position opening. The time is represented as YYYY.MM.DD HH:MM (year.month.day hour:minute). This is the time at which the position was opened;
Type of the trade operation. There are several types of trading operations that can appear here: “Buy” – long position, “Sell” – short position, and pending orders named Sell Stop, Sell Limit, Buy Stop, and Buy Limit;
The amount of lots participating in operation. The minimum amount of lots to participate in operations is defined by the brokerage company, and the maximum is limited by the deposit size;
This field displays the name of the security participating in the trade operation;

Price of position opening (no to be mixed up with the current price described below). This is the price at which the position was opened;

The placed Stop Loss order level. If the order has not been placed, a zero value will be written in this field.
More details about working with orders can be found in the corresponding section;

The placed Take Profit order level. If the order has not been placed, a zero value will be written in this field.
More details about working with orders can be found in the corresponding section;

The current price of the security (not to be mixed up with that of position opening described above);

Commissions charged by the brokerage company at performing trade operations are written in this field;
Taxes charged when performing trade operations are written in this field;

Charging of swaps is stored in this cell;

The financial result of the transaction made will be written in this field taking the current price into consideration. Positive result means that the transaction was profitable, and negative one means that it was unprofitable;

Comments on trade operations are stored in this column. A comment can only be written at the position opening or at placing of a pending order. Comment cannot be changed at order or position modifying. Besides, the brokerage company can store a comment to a trade operation, as well.

Forex terms
You can find most commonly asked questions here, but if you are still in doubt feel free to contact our customer support team.
A pip in forex is simply .0001% or 1% of 1%. Most quotes for currencies are stated in this type of format. So if an exchange rate of EUR/USD changed from 1.5067 to 1.5072, then the exchange rate increased by 5 pips.
Currencies are often traded in set amounts. For individual investors, the most common lot size is a standard lot, which is 100,000 units. A mini lot is 10,000 units, micro lot 1,000 units and a nano lot 100 units. The institutional FX market trades in 1,000,000 units, although trades are priced to any amount a customer would like to trade.
Standard trade sizes are used to enable market makers to supply liquidity more easily. Buyers and sellers are more easily matched trading standard amounts.

Major currencies are the most common currencies traded in the FX market. These are US dollar (USD), Euro (EUR), Great Britain Pound (GPB), Swiss franc (CHF) and the Japanese yen (JPY), and the Canadian dollar (CAD). These are the most liquid currencies since they are the ones that are traded most often. Major pairs are any pairs that involve the USD and any one of these currencies.
Minors are any currencies that aren’t one of the major currencies. There are many different minor currencies but they make up a very small volume of the FX market.

Currencies are quoted in pairs. The first currency in the pair is the base currency. The second currency to be quoted is the quote currency. Currencies are normally stated as how much the base currency costs using the quote currency. For example, if a currency quote says USD/CAD 1.0432, then the USD is the base currency and the Canadian dollar is the quote currency. You can buy 1.0432 Canadian dollars with 1 USD.

The bid price is the price that you can sell a currency, or in other words, the price that the market will pay for a currency. The ask price is the price at which you can buy a currency, or the price that market is willing to sell it at. Normally the bid price is lower than the ask price.
Currency pairs are stated in the format: bid / ask. The difference between the bid and the ask price is called the bid/ask spread. A broker will buy a currency from a client at the lower bid price and then sell it at the higher ask price without any changes happening in the market. Normally the bid/ask spread is very small.

Transaction costs are any costs that are involved with trading. In foreign exchange the transaction costs are the bid/ask spreads. Trading commission, like those charged in the stock market, are used rarely in the foreign exchange markets. Both are examples of transaction costs. A successful trader will pay close attention to transaction costs because they have a negative effects on returns.

Currency cross rates are currency pairs that don’t involve the USD. For example, EUR/JPY would be considered a currency cross as it doesn’t involve the dollar, and also happens to be one of the most commonly traded currency pairs.

Leverage is when a trader borrows money, multiplying their risk and return for their portfolio. Margin is the amount of your initial investment relative to the amount of money that you can control in a portfolio. For example, if you have a $1,000 with leverage of 10 to 1 (10:1) you can control up to $10,000 in your account.
The high degree of leverage can work against you as well as for you. Trading leveraged products is not suitable for all investors.

A margin call occurs when the amount of margin in an account falls to a pre-determined level requiring the account to be replenished. For example, if a broker states that a margin call happens when your losses exceed 50% of your initial investment and you invested $1,000 initially, then a margin call happens when your account balance drops below $500. Traders can pare positions or add fresh margin to prevent margin calls. If a trader does not promptly increase the margin held in an account following a margin call, the broker usually has the right to liquidate the traders positions to protect it from further losses. (The remaining balance in your account is returned to you.) Brokers put margin calls in place in order to protect themselves from clients not being able to pay them back when their clients’ losses exceed their initial investments from using leverage.