iFOREX provides you with a trading platform customized to meet your trading
experience, volume activity and internet connection speed.
To meet your trading standards, we have developed two types of trading
platforms. One, a download version for stationary traders, and another, a full
and complete web based platform for mobile traders. Both trading systems
accommodate the same username and password giving you access to instant
rates while allowing you to monitor your trades.
Both systems were designed user-friendly allowing traders to execute different
trades with the click of a mouse.
Due to the similarity between the two systems, this tutorial will only explain the
web-base as it is a more commonly used system by new traders.
After logging into the system through the login button (situated on the main
page), it is advisable to click on “Open Deals” (top left hand side of the screen).
This organizes the screen for the user, simulating the download version.
Monitoring your account
- Current status of your open positions.
- Closed positions.
- Account balance including open positions.
- Current exposure to the markets.
- Maximum amount of exposure allowed
- Equity/ Net exposure
Opening positions
1) New deal- This button (middle of the screen) allows traders
to open new deals using portfolio management through
Stop-losses and Take profits.
Stop-loss: Setting a price/amount in the system that will automatically close
the position, preventing additional losses.
Take Profit: Setting a price/amount in the system that will automatically
close the position, capturing your profits.
These two additional functions allows traders to control their portfolios
when absent from the computer.
Once a position has been opened, the position will automatically appear
below (open deals box) allowing traders to view their status.
2) New limit- This function allows trader to submit an opening order in the
system. The order will only execute when the desired price is hit- opening the
position. Traders often use this function to set orders if they are absent from
their computers, allowing them not to miss the trade.
Close Deal
This button, located on the trading tool bar allows traders to close their
positions. When closing the position it is important to verify that the position
number is the correct position you want closed.
Opening and closing deals can also be executed through our unique “3
step deal” (On the main page once entering your account).
Using our unique 3 step deal, one can choose a preferred currency, deal size and
trading assumption with just three clicks.
Once clicking on the “Deal” button the position will automatically open at the
relevant trading price.
Think that the base currency is going to go up? Click on the buy button
Think that the base currency is going to go down? Click on the sell button.
! Remember that currencies trade in a pair, meaning that if one currency
strengthens the other will weaken.
! The Forex market allows you to prosper from all market conditions, whether
the market is going up or down.
Summary
Here at iFOREX we provide our traders with up-to-date trading tools, including
a 24 hour dealing desk. Our professional trading team together with our
multilingual dealing desk are here to assist you at any time needed.
To receive our contact details please go to our web site at www.iforex.com
In order to profit from the Forex markets one must be constant with her/his
trading rules. Building strategies are essential for success.
Begin trading on your demo account while gradually opening live positions
simultaneously. Once more confident, enjoy the trends while seeing your
portfolio grow.
Good luck trading
