In order to trade successfully you must fully understand the risks involved. Each trader will approach the market slightly differently, underlying the fact that there is no right or wrong way to trade the market. Instead each trader must know the risk that they can comfortably take on.
Establishing the type of trader you are is very important. Are you a systematic trader or do you prefer being in the market during periods of volatility. Are you looking to be constantly involved or are you looking to smooth out the short term noise to capitalise on long term gains.
What is Risk?
Risk is 'The variability of returns from an investment or the chance that an investment's actual return will be different than expected. This includes the possibility of losing some or all of the original investment. It is usually measured using the historical returns or average returns for a specific investment. The greater the variability of an investment (i.e. fluctuation in price or interest), the greater the risk.'
The volatility we see in daily prices, combined with the leverage available in the off-exchange retail foreign currency (or Forex) market compared to other financial instruments- like stocks- is the reason why Forex is categorized as highly risky. As investors are generally averse to risk, investments with greater inherent risk must promise higher expected yields to warrant taking on additional risk. Others add that higher risk means a greater opportunity for high returns or a higher potential for loss. However, a higher potential for return doesn't always mean that it must have a higher degree of risk.
What risks do you face trading currencies?
There are two basic classifications of risk:
- Systematic Risk - also sometimes called market risk, aggregate risk, or undiversifiable risk, is the risk associated with overall aggregate market returns. Systematic risk is a risk of security that cannot be reduced through diversification.
- Unsystematic Risk - Sometimes referred MT4 웹 터미널 to as 'specific risk'. An example is economic news that affects a specific country or region. Diversification across multiple non-related currency pairs is the only way to truly protect the portfolio from unsystematic risk.
Now that we've determined the two main classifications of risk let's take a closer look at more specific types of risk.
This refers to the risk that a country won't be able to honor its financial commitments. When a country defaults, it can harm the performance of all other financial instruments in that country as well as other countries, it has relations with. Country risk applies to stocks, bonds, mutual funds, options, futures and most importantly the currency that is issued within a particular country. This type of risk is most often seen in emerging markets or countries that have a severe deficit.
When investing in foreign currencies you must consider that the currency exchange rate fluctuations of closely linked countries, can drastically move the price of the primary currency as well. For example, economic and political events directly tied to the British Pound (GBP) have an effect on the Euro's trading (i.e. the EUR/USD might have similar reaction as GBP/USD even though they are both separate currencies and are not in the same currency pair). Knowing what countries effect the currency pairs you trade is vital to your long-term success.
Interest Rate Risk
A rise or decline MT4 웹 터미널 in interest rates during the term a trade is open, will affect the amount of interest you might pay per day until the trade is closed. Open trades at rollover are assessed either an interest charge or interest gain depending upon the direction of the open trade and the interest rate levels of the corresponding countries. If you sell the currency with the higher interest rate you will be charged daily interest at the time of rollover based on your broker's rollover/interest policy. For more specifics on understanding your interest risk, please consult your broker for complete details of their policy including time of rollover, interest price (also called swap) and account requirements to receive interest paid to MT4 웹 터미널 your account.
This represents the risk that a country's economic or political events will cause immediate and drastic changes in the currency prices associated with that country. Another MT4 웹 터미널 example of this risk is government intervention that we typically see with Japan and the need to maintain low currency prices to bolster their exports.
This is the most familiar of the risks we have discussed, and according to some, really the main risk to consider. Market risk is the day to day fluctuations in a currency pair's price; also referred to as volatility. Volatility is not so much a cause but an effect of certain market forces. Volatility is a measure of risk because it refers to the behavior, or 'temperament', of your investment rather than the reason for this behavior. Because market movement is the reason why people can make money, volatility is essential for returns, and the more unstable the currency pair, the higher the chance it can go dramatically either way.
This is a particular risk that many traders don't think much about. However, with the majority of individual Forex traders executing trades online, we are all technology reliant. Are you protected against technology failure? Do you have an alternative internet service? Do you have back-up computers that you could use if your primary trading computer crashes?
As you can see, there are several types of risk that a smart investor should consider and pay careful attention to in their trading.
The Risk Reward Balance
The risk/return balance could easily be called the iron stomach test. Deciding what amount of risk MT4 웹 터미널 you can take on while allowing yourself to walk away from your computer without worrying and to get sound rest at night while you have long-term trades open is a trader's foremost important decision. The risk/return balance is the balance a trader must decide on between the lowest possible risk for the highest possible return. Remember to keep in mind that low levels of uncertainty (low risk) are associated with low potential returns and high levels of uncertainty (high risk) are associated with high potential returns. Trading is all about risk and probabilities. Understanding the inner functions of your Forex trading strategy(s) and proper placement of entry and exit orders will assist in limiting your risk exposure while MT4 웹 터미널 maximizing your profit potential.
What about how much of your account to place on each trade, or in other words the number of lots per trade? How much of your account have you lost in a single trade? Was it too much to swallow? If so, you might not have utilized proper risk management and over leveraged your trade. Establishing the right level of leverage and corresponding margin requirements are a big part of managing risk.
There is Not One Correct Risk Level
Just as there is no single favorite food for everyone, there is no right risk level for everyone. Only you can determine what level of risk is right for you. You need to find the right balance between the amount of risk you think you are willing to take, and the amount of risk you can actually stomach. All too often investors think they are willing to take risk, but when the worst happens, they find out they aren't.
You will likely lose money during this learning process, but if this loss helps you achieve this level of understanding then you can financially afford the loss. It is important to identify in advance the amount you are willing to 'pay' for this education. This financial and emotional tuition is a valuable trading resource and something most experienced investors have paid through the process of trial and error.
Different individuals will have different tolerances for risk. Tolerance is not static; it will change along with your skills and knowledge. As you become more experienced, tolerance to risk may increase. Don't let this fool you MT4 웹 터미널 into not adhering to and thinking about proper money management practices.
We all hear diversification is the best policy for an overall investment portfolio. This is also true amongst MT4 웹 터미널 our currency focused investments as well. To be well diversified, we should master the use of multiple trading strategies and multiple currency pairs to equalize our overall return. Some trading strategies boast 80% accuracy in specific market conditions. However, a full-time trader must utilize more than this single strategy as many times there are long periods of time when the trading conditions are not met, such intervals can last anywhere from a few days to several months. What good is a single strategy that can yield profits for only a small portion of the year? Diversification may be the answer.
Diversifying your investment is not the most popular of investment topics. In fact many people believe diversifying dilutes trading profits. But most investment professionals agree that while it does not guarantee against a loss, diversification is the most important component to helping you reach your long-term financial goals while minimizing your risk. But, remember that no matter how much diversification you do, it can never reduce risk down to zero.
A Well Defined Portfolio
What do you need to have a well diversified portfolio? Three aspects to ensure the best diversification:
- Your portfolio should be spread among many different trading strategies
- Your trades should vary in risk and time MT4 웹 터미널 held. Picking different trade opportunities with different potential rates of return will help the gains offset losses of other trades. Keep in mind that this doesn't mean blindly placing trades all across the spectrum!
- Your currency pairs should vary by region and crosses, minimizing unsystematic risk to small groups of countries
Another question people always ask is how many currency pairs they should trade to reduce the risk of their portfolio. One portfolio theory for stocks tells us that after 10-12 diversified stocks you are very close to optimal diversification. However, in the currency market this doesn't mean buying 12 currency pairs will give you optimal diversification, instead, it has been recommended to trade currencies of different regions and importance levels (i.e. majors, crosses and more exotic currencies).
FX and CFDs Trading Terminal MetaTrader Webtrader
Webtrader from Titan FX is a full featured yet lightweight forex trading terminal that runs in the web browser of any modern device.
Unlike other broker solutions, the Titan FX Webtrader terminal integrates completely with your MetaTrader 4 and 5 accounts and requires no additional login credentials.
Trade quickly and easily in your account from any machine running any operating system, including Windows, Mac OS X, Linux and others. Webtrader runs in Chrome, Firefox, Internet Explorer and Edge web browsers.
Webtrader is ideal for working on a borrowed computer when away from home, or for quick access from your tablet or iPad. Enjoy all the main features of the MetaTrader 4 and 5 desktop client including one-click trading without the hassle of downloading, installing and updating software.
Features of Titan FX Webtrader:
- Open and close trades
- Set stops and entry limits
- Direct order placement
- One-click trading
- Tight integration with MT4 and 5 accounts
Webtrader is available by default for all Titan FX clients.
Trade Forex with Titan FX
Trade your way with access to the world’s leading trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Experience exceptional pricing, speed and liquidity with our proprietary Zero Point TM infrastructure.
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Trading Forex and Derivatives carries a high level of risk to your capital. On this basis, it is highly advised that you should only trade with money you can afford to lose. It is your responsibility to seek independence advice before trading Forex and Derivatives as it is not suitable for all investors. It is also highly advisable that you read the Financial Services Guide (FSG) and Product Disclosure Statement (PDS) available here to fully understand the risks that are associated with trading Forex and Derivatives considering your financial objectives and trading experience.
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MT4 웹 터미널
MetaTrader 4는 이동 통신 기기에 쉬운 적용 모바일 플랫폼을 통해 사용할 수 있습니다. EZ SQUARE 모바일 플랫폼과 MetaTrader 4까지의 이동 중에 명령을 실행하다 시장을 분석하고 싶어 하는 거래자들을 위해 적합하다. EZ SQUARE 모바일 플랫폼이 매끄럽게 당신의 주요 EZ SQUARE MT4 클라이언트 터미널로, 실시간 거래가 융통성 있게 제공해 연결되어 있습니다.
- 실시간 차트 확인/분석
- 기존 주문 수정
- 새주문/지정가 주문 입력
- 실시간 가격/데이터 차트
- 거래 기록 다시 보기
- 전체 거래 기능 제공 MT4 웹 터미널 MT4 웹 터미널
- 다양한 차트 설정
- iOS 와 안드로이드 OS 지원
외환, 금속, 오일, CFDs
EZ SQUARE MT4를 통해 고객은 동일한 플랫폼에서 하나의 계정으로 다중 자산을 거래하여 위험 관리 전략을 다양화할 수 있습니다. 다양한 외환 통화 쌍, 금속, 오일 및 CFD가 MT4 플랫폼에서 제공됩니다.
EZ SQUARE MT4 클라이언트 터미널에는 고급 차트 작성 기능과 30개 이상의 미리 설치된 지표가 내장되어 있습니다 거래를 지원합니다. EZ SQUARE 실계좌를 사용하면 즉시 EZ SQUARE 연구 도구 세트를 무료로 이용할 수 있습니다.
거래를 자동화하여 MT4 플랫폼을 사용하여 거래 전략을 구현합니다. 거래 전략을 공식화하고 거래 자동화를 위한 자동 시스템으로(EA) 구현할 수 있습니다. EZ SQUARE MT4 플랫폼은 EA와 호환되므로 거래 전략을 자동화할 수 있습니다.
불가리아어, 중국어(간체, PRC), 중국어(번체, 대만), 체코어, 덴마크어, 네덜란드어, 영어, 핀란드어, 프랑스어, 독일어, 헝가리어, 이탈리아어, 일본어, 한국어, 리투아니아어, 노르웨이어, 폴란드어, 포르투갈어, 루마니아어, 러시아어, 슬로바키아어, 슬로베니아어, 스페인어, 우크라이나어, 우크라이나어, 스웨덴어입니다.
[FX] Meta Trader 4 - ③ 맥에 MT4 설치하기
이번 포스팅은 애플사의 맥OS를 사용하는 컴퓨터(맥프로,아이맥,맥북프로,맥북에어 등)에 MetaTrader4를 설치하는 방법에 대해서 다루겠다. 앞서 언급했듯이 개발사인 MetaQuates에서 맥을 위한 MT4의 정식버전은 제공하고 있지 않다. 일부 브로커들은 커스텀 버전의 맥용OS를 제공하고 있고, 그중 하나를 설치해 보았는데 왠지 신뢰가 가질 않았다. 아니 정확하게는 시스템 폰트가 맘에 들지 않았다. ㅡ,.ㅡ;; 나중에 다시 돌아오더라도 개발사가 권장하는 방법을 사용해보고 싶어졌고, 그래서 MetaQuotes의 웹사이트에서 발견한 방법을 소개하고자 한다.
개인적으로 맥을 사용중이며, 윈도우즈 사용자는 이번 포스팅은 건너뛰어도 상관없겠다.
맥 OS 에 MT4 설치하기
MT4 의 클라이언트 터미널은 ‘ 와인 ’ 을 사용해서 맥 OS 컴퓨터에 설치할 수 있다 . 와인은 유닉스 기반의 시스템 ( 운영체제 ) 사용자들이 MS 위도우즈용 어플리케이션을 구동할 수 있도록해주는 무료 소프트웨어이다 . 많은 와인 버전중에 맥 OS 를 위한 버전은 하나가 있다 .
주의 : 와인은 완전히 안정적인 어플리케이션이 아니다 . 그러므로 사용자가 와인을 통해서 실행하고자하는 어플리케이션이 부적절하게 실행되거나 아예 작동하지 않을 수도 있다 .
맥 OS 에 설치를 위해서 ‘PlayOnMac’ 라는 무료 어플리케이션을 추천한다 . PlayOnMac 은 와인기반의 소프트웨어로 윈도우즈용 어플리케이션을 맥에 쉽게 설치하도록 해준다 .
PlayOnMac 설치를 위해 공식 웹시이트를 열고 다운로드 페이지로 이동해서 가장 최신버전을 다운로드 받는다 .
DMG 패키지를 다운받은 파일을 실행시키면 PlayOnMac 첫 실행화면이 나타난다 . ‘Next’ 를 클릭하면 , 설치프로그램은 작업에 필요한 구성요소를 점검하고 설치한다 .
첫번째 필요 요소는 XQuartz 이다 . XQuartz 는 맥에서 X 윈도우 시스템 사용하기 위한 소프트웨어다 . X 윈도우 시스템은 유닉스와 비슷한 운영체제에서 GUI(Graphical User Interface) 를 구성하기위한 기본 도구와 프로토콜을 제공한다 .
만일 이미 XQuartz를 설치했거나 나중에 설치하기를 원한다면 "Don't install XQuartz for the moment" 혹은 "I've downloaded file by myself"를 MT4 웹 터미널 MT4 웹 터미널 선택하도록 한다. XQuartz설치는 몇몇 단계를 거쳐진행된다. 우선 Read Me 파일을 읽고 라이센트 조건에 동의한다.
설치를 실행하기 전, 맥OS 보안시스템이 계정 비밀번호를 입력하도록 요구할 것이다.
설치가 완료되는 과정에서 변경된 사항을 적용하기 위해 컴퓨터를 재부팅 해야한다.
시스템을 재부팅하고나면 다운로드 폴더 안의 셋업파일을 통해 PlayOnMac을 실행시킨다. 첫 실행화면이 다시 나타날것이고, 이번에는 설치파일은 올바른 작동을 위해 필요한 MS 윈도우즈의 폰트들을 설치하도록 요구할것이다.
라이센스 조건에 동의하고 설치가 끝나길 기다린다. 그러고 나면 PlayOnMac을 사용할 준비가 완료되고 위와 같은 메인창이 나타난다.
와인 v.1.4는 PlayOnMac과 함께 설치가 된다. 버전 v.2.0이 최신 안정화 버전이며, 많은 부분 향상된 베타버전이 다운로드 가능하지만 아직 불안정하다. 최신 안정화 버전을 설치하기를 권장한다.
와인을 최신버전으로 업그레이드 하려면 PlayOnMac의 상단 메뉴에서 [도구]-[Manage Wine version]을 선택한다.
설치가능한 와인 버전을 보여주는 창이 나타난다. 원하는 버전을 선택하고 오른쪽 창으로 옮기면 설치가 시작된다.
설치가 완료되고 나면 새로운 버전의 와인이 나타난다. 이제 창을 닫고 MT4 트레이딩 터미널을 설치할 수 있다
터미널 설치를 위해 "mt4setup.MT4 웹 터미널 exe"를 다운로드 한 후, 실행 시킨다. PlayOnMac이 자동으로 사용될 것이다.
기본 터미널 설치가 시작된다.
설치가 완료되면, PlayOnMac은 터미널 구성요소(터미널과 메타에디터)의 단축키 생성을 물어본다.
필요한 단축키를 생성하고 나면, MT4 웹 터미널 PlayOnMac 창에서 더블클릭하는 것으로 MT4 클라이언트 터미널을 시작할 수 있다.
Terminal Data Directory
PlayOnMac은 각각의 설치 프로그램을 위한 몇개의 가상 드라이브를 생성한다. 설치된 터미널 데이터폴더의 기본경로는 다음과 같다 :
Library\PlayOnMac\WinePrefix\Client_Terminal_\Drive C\Program Files\Client Terminal