Beginning active familiarization with MetaTrader4 trading platform and features of the Forex financial market, you have to use classical textbooks and training programs.

However, it is hard to find unwritten rules and those practical advices, which we will tell you in this article. Therefore, spend few minutes of your time to attentive reading and mastering of the given material.

1. Do not play against the market.

The market always moves in a certain direction even if it seems to you that it is chaotic. It is necessary to learn how to understand, feel prospects and mood of the market, opening positions in a direction of a prevailing trend. After all, the trend is the best friend for the player, allowing to earn according to the best of your abilities.

2. Do not catch peaks, catch strategies.

The essence of all trade in the currency market consists in buying at the lower limit and selling at the top. And the trader should define very competently suitable time for entering and exit not to suffer losses and to achieve the maximum profit. Beginners should not get hung up on the peaks, because it is more important to understand dominating mood of currency quotations and to build your own strategy according to this information. Having made the correct forecast on expectations of participants of the market, you can earn much more than trying to catch up moving market, building, in your opinion, a correct strategy.

3. Avoid schedules; trade on the behest of your heart.

Certainly, many textbooks recommend us to trade at the specified hours and strictly on the certain time. However, it is more important to achieve discipline in trade and to define your actions in advance. It is better when you devote more time for choosing as much exact time as it is possible for entering the market and exit from it. When you see that the conditions on the market are not absolutely clear, even if there comes your time to start trade at this moment, it is better to wait and not to enter the market yet. Also try to fix positions opened before as during the chaotic movement of the market there is a real threat to lose all of your savings. It is the blessing that the experts from Admiral Markets have taken care that the trader has at own disposal the most effective tools for reduction of risks — stop losses and stop limits.

Give up the bad habit to select a direction and the tool for opening just right after the opening of a trading platform. Only those traders who act rationally, with the preliminary financial market position analysis, achieve success. The fundamental or technical analysis is not less important part of your trade which allows to define the further direction of a trend, to choose necessary level and to pick up suitable time for entering the market when the direction of quotations will coincide with your expectations.

Do not panic if it is impossible to spend hours for the thorough analysis and postpone this action. It is better not to bid, than to make it without having considered. Do not forget also to make the plan of action for yourself at various variants of the market development. Prepared instruction becomes good help in this case. Do not forget that frequent change of warrants without presence having important reasons, an overdue or early entering the market leads to losses.

Equal stop losses and profit

This advice especially concerns a question of risks regulation during trade in the financial market. It often happens that beginning traders suffer from a widespread mistake — having seen potential profit, even if it is not big, they immediately take it. However, when the position is unprofitable, it takes long time when they dare to close it, hoping that the course will change and will allow you to stay in the win. At the initial stage of work with the Forex market on metatrader 4 trading platform it is the main mistake which leads to major losses.

Learn to equalize losses and profit, measure them on volume, and also to place stop orders correctly. Otherwise, if losses start constantly prevail over profit, your deposit will be quickly exhausted and you have either to change tactics or again replenish the balance with savings earned hardly. It is not necessary to leave money easily, struggle for each rate, using for this purpose all accessible tools, but if it is possible to notice discrepancy of a trend with the planned scenario, use reasonable logic and easily close a position till the moment of losses increase.