How to trade

Are you a beginner at Forex? We recommend you to get acquainted with basic information about Forex market and give a consideration to the main principals of work at international foreign exchange market.
Russia:    8 (800) 555-78-99 Ukraine: +38 (044) 361-40-93

  • How to open a training account in the trading platform

    • Stage 1: “Open an Account” menu

      To open a demonstrative account, you have to perform the command “File” – “Open an Account” or the same-named shortcut menu command of “Navigator – Accounts” window. Besides, during the first running of the trading program (terminal) you will be proposed to open a demo-account to immediately start working.

    • Stage 2: Filling up a form with personal data

      While opening an account the following data will be required:

      Name — full user’s name;
      State — country of residence;
      Region — region (territory, land, state, etc.) of residence;
      City — city of residence;
      Postcode — ZIP/ postal code;
      Address — precise address of residence (street, house, apartment);
      Telephone — contact telephone number;
      Email — email address;

      Account type — the type of account that is selected from the list of defined terms of trade;
      Currency - the base currency of the deposit, which is automatically set depending on the type of account;
      Leverage - the ratio of debt and equity for trading;
      Deposit - the amount of the initial deposit in the base currency.

      To activate the "Next" and proceed with the registration, you need to flag the "I agree to receive news by e-mail."

    • Stage 3: Choosing a server

      At this stage you are to choose a server for connection. Available servers’ addresses, company servers’ names and a ping are mentioned in the list. The most preferable server is a server with the lowest ping. You can press the button “Scan” for additional ping check, upon which the ping data will be updated. A training account can be opened only on a demonstrative server, so choose WForex-Demo server for this purpose. Having chosen a server press “Next”.

    • Stage 4: Training account has successfully been created


      After the successful registration a window with the information about the opened account: “Login” - an account number, “Password” – access password, “Investor” – investor’s password (the mode of connection that enables just to view the account status, to analyze price dynamic and to work with the advisors, etc., but does not allow transactions) will appear.

    • Stage 5: “Navigator” window of the trading terminal

      After the registration completion a new account appears in the “Navigator– Accounts” window. This account enables to work with. “Navigator” window allows you to quickly get access to various facilities and options of the terminal. This window can be opened/closed with the use of the accelerator keys (hot keys) Ctrl+N, the menu command “View – Navigator” or the button “Standard” on the toolbar.

    • Stage 6: “Terminal” window of the trading platform.

      Upon opening a training account, a server also sends a letter to the terminal with a login and a password for this account. This letter can be found in the “Terminal - Mailbox” window. “Terminal” – is a full-featured window providing access to different facilities of a terminal. This window allows trading activity control, viewing news and an account history, setting signals and work with inter-system mail and a system log. The window is possible to open by the menu command “View - Terminal”, accelerator keys (hot keys) Ctrl+N, or the button “Standard” on the toolbar.

      After the successful registration of the account the automatic authorization of an account occurs.

  • Opening a transaction in the trading terminal.

    • Stage 1: “New order” menu

      To open a position by means of a market order, you shall perform the command “Service- New order”, click the button “Standard” on the toolbar, F9 button or double- click on the financial instrument title in the “Market watch” window. You can also perform the command “New order” of the shortcut menu “Market watch” and “Terminal - Trade” windows. An “Order” window for trading position control will open upon that.

    • Stage 2: Setting order parameters

      During opening a position in the “New order” window you shall specify the following:

      Symbol — select a financial instrument under which a position is opened;
      Amount — specify an amount (number of lots) of a deal;
      Stop Loss — set the level of a Stop Loss order (if necessary);
      Take Profit — set the level of a Take Profit order (if necessary);

      After having specified all necessary data, you shall press the button “Sell” or “Buy”.

    • Stage 3: The result of deal execution

      After sending an order, the result of its execution will be displayed in the window – successful execution of a transaction or rejection with the description of the reason for its failure to be executed. If the option “Trade with one click” is activated in the terminal settings, the trade window is closed immediately without an execution notification upon the successful order execution.

  • Closing a deal in the trading terminal

    • Stage 1: Opened order menu

      For closing a position manually, you shall perform the shortcut menu command of the opened position in the “Terminal - Trade” window or double-click with the left mouse button on this position. Perform the command “Close # order number_type_amount_currency pair_current price” in the order window.

  • Setting pending orders

    • Stage 1: “New order” menu

      For setting pending orders you shall open the “Order”window. This can be done using the menu command “Service – New order”, or the button “Standard”, F9 button, the “New Order” command of the shortcut menu of the “Market watch” and “Terminal - Trade” windows, and also double-click on the financial instrument title in the “Market watch” window as well.

    • Stage 2: Setting order parameters

      In the field “Type” you shall select “Pending order”. Afterwards, select a financial instrument (symbol), specify the amount, and also set the values of the Stop Loss and Take Profit orders. In the fields “Pending order” it is necessary to specify:

      Type — select the pending order type: Buy Limit, Buy Stop, Sell Limit or Sell Stop;
      At the price — set the price level upon reaching which the order should work;
      Expiration — set the time to order expiration. The order will be deleted automatically in case it does not work until this time.

    • Stage 3: The result of pending order setting

      The button “”Set order” sends the order for execution. The company performs the order setting after its delivery. At this time a line with the number and the status of pending order will appear in the tab “Terminal - Trade”. The markers of the issued order (including Stop Loss and Take Profit levels) levels will appear on the chart provided that the option “Show trading levels” is activated.

  • Modification of the orders

    • Stage 1: Opened order menu

      Current position alteration involves setting new levels of attached orders Stop Loss and Take Profit. To modify the position you shall perform the shortcut menu command “Modify or delete order” of the opened position or double-click with the left mouse button on the fields “Stop Loss” or “Take Profit” of the opened position line in the “Terminal” window. Then, in the appeared window you shall specify new values of the Stop Loss or Take Profit orders and press the button “Modify”.

      To modify a pending order you shall perform the shortcut menu command “Modify or delete order” of the pending order or double-click with the left mouse button on the line of the pending order status in the “Terminal - Trade” window. An order control window will be opened upon that. New price of the order work, new Stop Loss and Take Profit levels can be specified there, and, also, you can alter the order expiration time. After modification the order you shall press the button “Modify.”

    • Stage 2: Setting order parameters

      To modify Stop Loss and Take Profit values, it is necessary to input new values in the appropriate fields. To set orders in the points from the current price you shall set the required value in the field “Level” and press the button “Copy”. If the values of these fields are equal to zero, minimum acceptable deviation specified in the “contract specifications” for each symbol in the column Limit&Stop levels is used.

      In case when during the position modification the levels Stop Loss or Take Profit are too close to the current price, the button “Modify” is blocked. It is necessary to move the levels from the current price and send the second request for the position modification.

      Work levels for pending orders are possible to modify.

    • Stage 3: The result of order modification

      Trading position modification will occur after the server sets new value of Stop Loss and Take Profit or work levels for pending orders. At this time in the tab “Terminal – Trade” in the line of the opened position status the alteration of the values in the fields "S/L" and "T/P" or work levels for pending orders will occur. In this case, provided that the option “Show trading levels” is activated, positions of modified orders will be altered.


The important question that a lot of beginner traders are worried about is: How and why can I work at Forex market with sufficiently small money?

The initial period, the period of this market development was specific for the fact that only huge financial structures possessing funds of millions could trade at Forex. Due to this Forex market was not available for individual investors. But with the course of time and the development of the communication networks and facilities, and with the Internet development, in particular, the situation has changed dramatically: owing to new possibilities of attracting general public possessing available funds for market trading. The margin trade principal appeared and started to be widely used. Thanks to that Forex has become opened and available almost to everyone even possessing very small money at one’s disposal.

The margin trade principal is based on the automatic credit issued to a client for execution deals. This credit is called leverage and is provided by an intermediary (a dealing center or a bank) that “markets” a target client to Forex providing him/ her with the trading platform and everything required for conducting deals. During the working process a client deposits the pledge, the amount of which can be relatively insufficient (from several dollars). At a later stage the intermediary issues credits to the client automatically. The amount of the credit depends on the leverage and can be 30- 200 times more than the margin. For instance, having the margin in the amount of $50, the client has the possibility to effect a deal with five thousand dollars at leverage one to one hundred (1:100).

According to our company’s policy, we offer our clients to choose the value of the credit (the leverage) on their own. The maximum leverage is 1: 500. During the working process you also have the possibility to alter this value, decreasing or increasing your risks depending on the situation. The final trader’s risk is only limited by the margin because we, as a financial intermediary, do not provide any real amount of currency for the whole value of the opened deal including the leverage but ensure loss or profit enrolling in the full amount at the moment of closing the deal. In other words, the situation when a trader remains owing to the company will never occur. The maximum loss is equal to the value of the security funds.

Let us consider the types of deals possible to be concluded by a trader and the profit generation taking a popular currency pair EUR/USD as the example.

The rate 1.5000 for a currency pair EUR/USD will mean that 1 EUR costs 1.5000 USD. To buy one hundred Euros you are to spend 150 dollars. When the cost of a base currency (in our case it is Euro) is denominated in dollars, such quote is called direct. Base currency is placed first in the ratio. And vice versa, indirect quote is when a dollar is a base currency and its price is denominated in the units of other currency. For direct quotation EUR/USD the reverse quotation will be USD/EUR. It is rather easy to calculate a reverse quotation, it equals 1/ (direct quote) or 1/ 1.5000= 0.6666. That means, to buy 100 dollars you are to spend 66.66 Euros.

The considerable difference of the Forex market from any other classic markets consists in the fact that transactions can be conducted in quite an unusual way, i.e. not to buy at first and then to sell, but vice versa – first to sell and then to buy. If operate with specified above direct and indirect quotes such possibility becomes rather clear: sale operation EUR/ USD (at a direct quote) is absolutely similar to purchase operation USD/ EUR (at an indirect quote). Any operation conducted at Forex contains two constituencies: opening a deal/ closing a deal ( buy then - sell or sell then - buy), no matter what the sequence is. Sell => buy operation can be interpreted as the purchase operation, then – the sale operation, but at the reverse values of the cross rate. In the terminology of the foreign exchange market, a purchase is defined as Buy, and a sale - as Sell. Accordingly, two types of deals that traders can effect are Buy=>Sell or Sell=>Buy.

Besides direct and indirect quotes (with the dollar as one of the currencies in the quote), traders at Forex operate with cross rates too. A Cross rate is an exchange rate between two currencies (without any obvious presence of the dollar in the cross denomination) that results from their rate in relation to the third currency. The example of a cross rate is EUR/ JPY resulting from the quotes EUR/USD and USD/JPY. As we see, the dollar is the third currency and the cross rate is EUR/JPY = EUR/USD x USD/JPY.

How to conduct deals and to make profit?
Let us take a more detailed look at the transaction process with the use of the trading terminal.

Prior to entering into a transaction, a trader should decide on the forecast concerning the future currency movement of the selected currency pair. Depending on this, the type of the transaction Buy or Sell should be chosen: Buy or Sell. If the rate tends to decrease, opening a deal will be the Sell operation, and closing – the Buy operation; if the rate tends to increase, then opening - Buy and closing – Sell. The history of quotations on different currency pairs for long periods of time (more than 10-15 years), charts of rate fluctuations in time, and also a set of different instruments for technical analysis are at your disposal.

Do not solely rely on your intuition! Undoubtedly, in most cases it can lead you to successful transactions, but only for a short period of time. Intuition alone is not enough in a long-term plan for the effective and profitable trade. Practice your professional approach by using the technical and fundamental methods of analysis for forecasting.

The basis of the technical analysis - is applying the mathematical tool technique for the current and historical values of the currency rate, analyzing the rate chart representation by using different techniques. The fundamental analysis is based on using information concerning the economical situation in different countries, taking political and other events that effect financial markets into consideration. Only weighed and balanced applying of different forecasting methods together with the strict self-discipline can lead a trader to the successful and stable work at markets.

Provided that the forecast has been made and you have made the final decision about the direction of the transaction, you shall order the current quotation for the selected currency pair. Make a double click on the currency pair in the “Market watch” window (situated at the upper left in the terminal) where the values of the rates are displayed. The window where you are to select the order type Buy or Sell will get opened, and where you are also to set the desired amount of the deal in lots.

What is “lot”?
Lot is the unit of measuring the amount of the transaction, the specified currency amount. The lot volume for different currencies is specified by the account type and depends on the leverage. Different account types in our company allow operating with different in volume lots. This information is available on the page Trading conditions.

Once you have selected the operation Buy or Sell by clicking the corresponding button, the order will be executed and at the bottom, in the window "Terminal" - section "Trade" the a line with the parameters of the given order will be displayed. Thus, we opened a position! If the information concerning the order setting has been displayed it is impossible to be cancelled.

One nuance should be mentioned. If, following this order, the other order of the same amount but at the reverse direction (Sell or Buy) is opened, the previous order will not get closed, but the other position will be added. Closing a deal is executed from the shortcut menu by right-clicking the mouse with the pointer on the order information line ( "Terminal" window - section "Trade"). Closing a deal is executed, for example, when the forecast has met the expectations and the rate movement to the expected direction has occurred. At the moment of closing a deal the received profit or loss will be automatically added and displayed in the status of the trading account balance.

While setting an order use the means for minimizing risks by setting the parameters Stop Loss and Take Profit. Their volumes can be specified either while setting the order or later at any time after the order has already been opened.

Having set the parameter “Take Profit” you will specify the level (rate) of currency upon reaching which the order will be closed with profit (without your participation and even when the terminal is switched off). This order is saved as the order parameter on our trading server.

"Стоп-лосс" (Stop Loss) позволяет задать уровень, при котором ордер закроется, но с убыточным значением, если курс достигнет установленной величины. Этот параметр позволяет ограничить возможные убытки конкретным значением.

Depending on the deal direction (Buy or Sell), the amount “Stop Loss” and “Take Profit” can be either above or below the current rate. For example, if the order is “BUY”, then the Take Profit volume is set above the current rate, and the Stop Loss- below. And vice versa, at the opened order Sell Stop Loss is above and Take Profit is below the current rate.

To test yourself “in business”, download the program for the trading terminal, register in the Trader Room and open a demonstrative account in any currency (at your option).

After the stage of the prior acquaintance with the trade process and the skills consolidation, after testing a demo account start trading on the real account, choosing the most appropriate Trading conditions and minimum deposit requirements for you.

Remember, that work at Forex is rather risk-bearing! Thereby, do not involve more money than you are ready to lose in trading.