How to trade on ForTrade platform
To trade and profit on the web platform, you first need to open a live trading account. Once your account is approved, you can make a deposit; the minimum required amount is $100, and you can trade with maximum leverage 1:200.
To open a position, you use the SELL and BUY options, which you see on each instrument. For example, you believe the Euro will gain in value against the U.S. Dollar, and you open a BUY position on EUR/USD.
You set the position size by choosing the amount, from 1,000 to 3,000,000. The “amount” refers to the number of units of the base currency, which in our example is the Euro.
You are then able to set the Stop Loss and Take Profit levels, which will automatically close your position when it reaches a certain amount of loss or profit.
Manage your trades
You will see your opened positions under the “Open Trades” tab. You can duplicate your trade and edit it. The “Edit” window will actually allow you to modify the Stop Loss and Take Profit levels, or you can simply remove these functions.
You can, of course, mange your positions without setting the automated level “Take Profit” and close your trade manually when you decide it is the best time to take the gains.