Once you have downloaded trade desk, you are ready to start trading!
Trading using TradeDesk may seem hard on the first time, especially if you have no forex experience, but after u do your first trade you will realise how easy it is!
Signals are out 12noon and 9pm daily singapore time.
Make sure you have logged in to TradeDesk and my signals forum.
The basics of entering a signal ( 3 steps )
1 - Set risk and trade size
2 - Trade
3 - Set Limits
Lets use an example signal for this :
SELL GBPUSD @ 1.5610 - 1.5640 | TP @ 1.5580 | SL @ 1.5670
Step 1 - Set Risk and Trade Size
Since this is a SELL GBPUSD trade, we look at the Sell button inside the GBPUSD box.
The Amount is how much you would be trading after leverage, Different currency have different first values but all first values equals to $50 worth of USD. We can see the first amount for GBPUSD is 4,000GBP, this equals to $50 value.
The Margin is how much u want to risk, we recommend a leverage of 1 : 100, meaning whatever Amount u enter, the margin must be equal. Since u want to trade $50 value of GBPUSD (4,000GBP as amount) , your margin must also be set at $50. If you want to trade $100 value (8,000GBP as amount) Then adjust jour margin to $100. Simple.
(*Using a different leverage than 1 : 100 may cause you to hit SL or TP either faster or slower)
2 - TradeOnce we have Set risk and trade size, we are ready to trade. Make sure that the rate of GBPUSD is in the range of my signals, 1.5610 - 1.5640, in this case we are at 1.5632. It is within range and we can double click the sell button.
A window appears and all you have to do, is freeze the rate and click on TRADE NOW while the rate is frozen. Be fast because the rate only freeze for 2 seconds !
You will see a trade successful box, you are now done with trading.3 - Set Limits
Now you will see your new trade in the open positions, what is left is to set is the TP (Take Profit)
and the SL (Stop Loss) according to my signals. This is to allow your trade to be in auto mode, even if u switch off your computer. Its either u hit TP and win or Hit SL and lose. Click on the Modify button to change the TP and SL.
Enter the TP and SL as according to my signals and click calculate, then Accept.
Now you're done inputting a signal. Easy isnt it =)
