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How to use forex trader pro platform?

Forex Trader Pro is a trading platform designed for traders who want to trade in the foreign exchange market. The platform is designed to provide traders with all the tools they need to make informed decisions and execute trades quickly and efficiently. In this article, we will discuss how to use Forex Trader Pro and its key features.

Getting Started with Forex Trader Pro

To use Forex Trader Pro, you need to have an account with a broker that offers the platform. Once you have an account, you can download the platform and install it on your computer. Once the platform is installed, you can log in using your account credentials.

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The platform is divided into several sections, including the Market Watch, Chart Window, Navigator, and Terminal. The Market Watch section displays the prices of various currency pairs, while the Chart Window displays the price chart of the selected currency pair. The Navigator section provides access to various technical indicators and expert advisors, while the Terminal section displays information about your account, including your balance, equity, and margin.

Placing Trades with Forex Trader Pro

To place a trade using Forex Trader Pro, you first need to select a currency pair. You can do this by clicking on the Market Watch section and selecting the currency pair you want to trade. Once you have selected the currency pair, you can right-click on it and select “New Order.”

The New Order window will appear, allowing you to set the parameters of your trade. You can set the trade size, stop loss, and take profit levels. You can also set the order type, such as a market order, limit order, or stop order.

Once you have set the parameters of your trade, you can click on the “Buy” or “Sell” button to execute the trade. The trade will then appear in the Terminal section, where you can monitor its progress.

Using Technical Indicators with Forex Trader Pro

Forex Trader Pro comes with a wide range of technical indicators that can help you analyze the market and make informed trading decisions. To access the technical indicators, you can click on the Navigator section and select “Indicators.”

The platform offers a variety of indicators, including moving averages, oscillators, and trend indicators. You can add indicators to your chart by dragging and dropping them onto the chart window. You can also customize the parameters of each indicator to suit your trading strategy.

Using Expert Advisors with Forex Trader Pro

Expert advisors are automated trading systems that can execute trades on your behalf based on predefined trading rules. Forex Trader Pro comes with a range of expert advisors that you can use to automate your trading.

To access the expert advisors, you can click on the Navigator section and select “Expert Advisors.” You can then drag and drop the expert advisor onto your chart window. Once you have added the expert advisor, you can customize its parameters to suit your trading strategy.

Managing Your Trades with Forex Trader Pro

Forex Trader Pro allows you to manage your trades efficiently. You can monitor your open trades in the Terminal section, where you can see their current status, including their profit or loss. You can also modify your trades by clicking on the trade in the Terminal section and selecting “Modify Order.”

If you want to close a trade, you can right-click on the trade in the Terminal section and select “Close Order.” You can also set up automated stop-loss and take-profit orders to manage your trades more effectively.

Conclusion

Forex Trader Pro is a powerful trading platform that can help you trade in the foreign exchange market. The platform offers a range of features, including technical indicators, expert advisors, and trade management tools. By following the steps outlined in this article, you can use Forex Trader Pro to make informed trading decisions and execute trades quickly and efficiently.

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