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Glossary

Calculating profit on a forex trade is a core skill for any trader. The gross profit depends on the direction of the trade, the entry and exit prices, the pip value of the pair, and the lot s...

A forex trader calculates profit on a forex trade. 

How to Calculate Profit on a Forex Trade

The best way to grow a small trading account is to protect your capital first, trade small, manage risk carefully and focus on building consistent habits before trying to make large returns.
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Best Way to Grow a Small Trading Account

The spread is the difference between the bid and the ask price on a forex pair, and it represents the first cost you pay on every trade. Converting that spread from pips into account-currency...

A forex trader shows how to calculate spread cost in forex. 

How to Calculate Spread Cost in Forex

Swap is the overnight financing charge applied to forex positions held past the daily rollover. It can be a credit or a debit depending on the interest rate differential between the two curre...

A forex trader shows how to calculate swap cost on a forex trade. 

How to Calculate Swap Cost on a Forex Trade

The chart timeframe in MetaTrader 4 controls the time period each candle or bar represents. Switching between timeframes is one of the most basic and frequent actions in MT4, used to zoom out...

A screen shows how to change chart timeframe on MT4. 

How to Change Chart Timeframe on MT4

A demo account is a risk-free way to practice trading on MetaTrader 4 using virtual funds. It lets you learn the platform, test trading strategies, try Expert Advisors, and get familiar with ...

A forex trader showing how to open a demo account on MT4.

How to Open a Demo Account on MT4

A forex quote shows the live exchange rate between two currencies, expressed as the price at which the market will buy or sell one for the other. In MetaTrader 4, forex quotes appear as a pai...

Forex traders show how to read a forex quote in MT4.

How to Read a Forex Quote in MT4

Switching from MT4 to MT5 at TIOmarkets is straightforward in principle but worth understanding before you start. MT4 and MT5 are separate platforms with separate logins, separate file struct...

A forex trader shows how to switch between MT4 and MT5.

How to Switch Between MT4 and MT5

The Terminal window in MetaTrader 4 is the panel at the bottom of the platform that shows your open positions, pending orders, account metrics, trading history, and the platform's system logs...

A forex trader explaining how to read the MT4 terminal window. 

How to Read the MT4 Terminal Window

Lot size on MT4 controls the volume of each trade, which in turn determines your pip value, your margin requirement, and your total exposure on the position. Setting the lot size correctly is...

A forex trader shows how to change lot size on MT4.

How to Change Lot Size on MT4

The economic calendar in MetaTrader 5 is a built-in tool that lists scheduled economic events such as central bank decisions, inflation prints, employment reports, and GDP releases. Traders u...

A forex trader shows how to use the MT5 economic calendar.

How to Use the MT5 Economic Calendar

An Expert Advisor (EA) is an automated trading program that runs on a chart in MT4 and executes trades according to coded rules. Installing an EA on MetaTrader 4 involves placing the EA file ...

A forex trader shows how to install EA on MT4

How to Install an EA on MT4

A trailing stop is a stop-loss that automatically follows the market price at a fixed distance once a position moves into profit, locking in gains as the trade develops. On MetaTrader 5, trai...

A forex trader showing how to set a trailing stop on MT5

How to Set a Trailing Stop on MT5

A trailing stop is an automated mechanism that moves a stop loss in the direction of profit as the market moves favourably, allowing winners to keep running while protecting accumulated gains...

A screen showing how to set a trailing stop on MT4. 

How to Set a Trailing Stop on MT4

Closing a trade on MetaTrader 5 means ending an open position and locking in whatever profit or loss has accumulated up to that point. MT5 offers several ways to close a trade, including full...

A forex trader showing how to close a trade on MT5.

How to Close a Trade on MT5

Closing a trade on MetaTrader 4 means ending an open position and locking in whatever profit or loss it has accumulated up to that point. MT4 offers several ways to close a trade, including f...

Forex traders showing how to close a trade on MT4. 

How to Close a Trade on MT4

Technical indicators are mathematical calculations applied to chart data to help traders analyse trend, momentum, volatility, and potential reversal points. MetaTrader 5 includes thirty-eight...

A forex traders shows how to add an indicator to MT5. 

How to Add an Indicator to MT5

Technical indicators are mathematical calculations applied to chart data that help traders identify trends, momentum, volatility, and potential reversal points. MetaTrader 4 includes thirty b...

A forex trader showing how to add an indicator to MT4. 

How to Add an Indicator to MT4

A pending order is an instruction to buy or sell at a specified price in the future, rather than at the current market price. MetaTrader 5 supports six pending order types, two more than Meta...

A forex trader reviewing how to place a pending order on MT5.

How to Place a Pending Order on MT5

A pending order is an instruction to buy or sell a financial instrument at a future specified price, rather than at the current market price. MetaTrader 4 supports four pending order types, e...

A forex trader reviewing how to place a pending order on MT4. 

How to Place a Pending Order on MT4

A take profit is an order attached to a position that closes it automatically when the market reaches a specified favourable price. Used alongside a stop loss, it forms the second half of a p...

A forex trader reviewing how to set a take profit on MT4.