General questions to JustForex
Deposit, Withdrawal, Transfer
JustForex provides individuals and legal entities with the access to the trading process on the international currency market – Forex. Each client of JustForex gets an opportunity to earn on changes in currency rates and other financial instruments.
Forex trading is available 24 hours 5 days a week, from Monday 00:00:30 GMT+2 to Friday 23:57:59 GMT+2. Spot metal trading is available from Monday 01:00:00 GMT+2 to Friday 23:57:59 GMT+2. There is some time break from 23:59:00 GMT+2 to 00:00:30 GMT+2 each day.
Actually the idea that you need big sum of money to start trading on Forex is one of the greatest mistakes. It is possible to trade on the Forex market having only small amount of money in possession, as nowadays the minimum requirements become available for each market participant. To learn more about the JustForex trading conditions, please, visit Trading Terms. Besides, one of the instruments, which is used by every trader is leverage, which lets use sums that exceed the sum of your own funds.
Do not treat trading on Forex as if it is casino. There is nothing in common between casino and Forex. It is necessary to work hard, learn all the features and aspects of the Forex market. Forex Articles may help you to fulfill this. To become successful trader, patience and hard work are in much bigger need than good luck. Everything depends on you.
No, JustForex does not work with US clients.
Individuals as well as legal entities can become JustForex's clients.
JustForex does not lend funds to the clients to deposit trading account.
Company is not the tax agent and does not charge taxes from the profit received for trading. You get all the money earned fully and solve all the questions regarding tax liabilities according to the legislation of the country of residence by yourself.
Forex market doesn't work on weekends.
To become a Forex trader, start with learning the basics of the Forex trading – the main definitions and concepts. Then work out the theoretical knowledge on demo accounts. Using these accounts you will learn the material, gain the trading experience and sharpen your trading strategy without risks.
One more step towards becoming a Forex trader is writing a trading plan. The trading plan helps to avoid mistakes and minimize the risks arising in the trading process. The trading plan is based on a comprehensive market analysis using statistical data of the fundamental and technical analysis. Read more here.
To start Forex trading with JustForex, you need to register the Back Office and open the trading account. After you can deposit your account and start trading on Forex.
The trading process implies orders executing. An order is the unit of the commodity-market relations. There are 2 types of forex orders – market and pending. The market order is executed at the market price, the price that you see in the terminal. The pending order is executed when the price reaches the indicated level. You can read more about placing orders here.
If you are a novice trader and do not have any trading experience, check our education section. You can find the Forex Glossary and a lot of useful articles about the market.
The best way to learn how to trade on Forex is to practice. So, after learning theoretical basics of the Forex market, open a demo account to improve your trading skills and find the best strategy for you.
JustForex has no deposit requirements for the Cent and Mini accounts. You can start trading with $1. To open the Standard account, you need at least $100. A minimum deposit for the ECN Zero account is $500. You can see how much money do you need to trade on Forex here.
In order to open practice account you need to follow this link, fill in the form and click "Open" button.
You will received the details required to log into MT4 account to the email which you will indicate in the form.
The passwords of all the practice accounts can't be recovered by JustForex. But there are two options.Option #1:
(in case "Save password" field was marked in the trading terminal and you can log into the trading terminal)
In case there is no such message in the Mailbox and "Save password" field was not marked, then Option #2 – open a new practice account from your MT4 platform. You can open practise account at this page.Enjoy the trading process!
A trading account is opened in the Back Office.To open the trading account with JustForex you need:
1 point = order volume × min change of the exchange rate(0.0001).
1 point = order volume × min change of the exchange rate(0.0001) / current quotation of the currency pair.
1 point = order volume × min change of the exchange rate(0.0001) × quotation of the base currency against USD / quotation at the moment of the position opening.
Buy order or as it is also called long position – the order to buy financial instrument.
Sell order or short position – the order to sell financial instrument.
Margin = Contract size/Leverage,where Contract size = 100 000 USD × order size
Margin = Current quotation × Contract size / Leverage,where Contract size = 100 000 units base currency × order size
Margin = Current rate of base currency to USD × Contract size / Leverage,where Contract size = 100 000 units base currency × order size
Margin = Current quotation × Contract size / Leverage,where Contract size = Lot size (in troy oz) × order size
The Fibonacci sequence is the series of numbers in which each next number is formed by adding up the two previous numbers. The Fibonacci levels are quite a popular technical tool among traders, it works best when the market is trending. The Fibonacci retracement levels show possible levels of price correction.
The Fibonacci levels calculation is based on the Fibonacci numbers. The key Fibonacci levels are considered to be 23.6%, 38.2%, 50%, 61.8%. The strongest levels are 50.0%, 61.8% and 78.6%. Read more in this article.
Scalping is a trading strategy, when a trader executes a big amount of orders during a short period of time. The trading position is held open for a few seconds or minutes. A trader executes hundreds of transactions per day and receives profit from minor fluctuations in prices. Read more here.
You can place Take Profit and Stop Loss in a trading terminal, when you open an order. You also can modify already opened orders and set or change SL and TP at any time. You can read more about how to calculate Stop Loss and Take Profit on Forex here.
Moving average is one of standard and the most commonly-used Forex indicators. In this article you can read for what purpose and how to use the Moving Average indicator on Forex.
To set the MA indicator, click on "Insert" in the upper left corner of the MetaTrader terminal, choose "Indicators", "Trend" and click "Moving Average". After that, you will see a window with settings. In the Parameters tab you can set a period, a shift, the MA method, choose to what you will apply the indicator.
In the Visualization tab you choose on what timeframes the MA will appear. After customizing the settings, click "Ok" and the Moving Average will appear on the chart.
Trading instruments on Forex are represented as currency pairs. It is important to understand how to read the Forex pairs. The first currency is called a base currency and the second one is a quoted currency. The number shows how many units of the quoted currency are needed to buy the base currency.
For example, if EUR/USD=1.0555, it means that 1 Euro costs 1.0555 Dollars. In this case, Euro is the base currency and Dollar is the quoted currency. So, if you open buy order for EUR/USD on Forex, you actually buy Euros for Dollars.
Knowing how to read the Forex quotes is one of the basics of the Forex market, you can read more about it in our article.
RSI is an oscillator indicator. This indicator is a standard one, so you can find it in MetaTrader 4. To use it, click "Insert" in the upper left corner of the trading platform, choose "Indicators", "Oscillators" and "Relative Strength Index". A settings window will appear.
You can read more information on how to use RSI in Forex trading here.
Stop Loss is an order that limits losses if the price goes in an unprofitable direction. It automatically closes the position when the price reaches a certain price level. To protect the deposit from negative market fluctuations and unexpected events, traders determine the amount they can afford to lose and set Stop Loss at a level they considered to be acceptable for possible losses.
According to the professional traders, the maximum risk level for each transaction should be 2-3% of the trading capital. How to set Stop Loss, read here.
To trade on Forex news, you should follow the economic calendar where all major world financial news are collected. Also, the calendar shows the time of the news release and the strength of its impact on a specific currency pair.
News trading is the strategy which is based on a fundamental analysis. News traders make profit on the price gaps at the moments of important economic news releases.There are two approaches:
Stop Loss can be moved manually, Trailing Stop is used to automate this process. Trailing Stop allows the Stop Loss level to move relative to the price fluctuation. That is, it is the floating Stop Loss which follows the price when it moves in your direction. Trailing Stop is useful at a strong unidirectional market movement.
Take Profit is opposite to the Stop Loss order, it is used to fix profit. If the price reaches the Take Profit level, an order closes automatically and fixes the profit even when the trading terminal is offline.
The standard loss/profit ratio is considered to be 1:3. So, if Stop Loss is 20 points, Take Profit should be 60. The potential profit should exceed the risk by several times.
To buy or to sell a currency, you should open/place a Forex order in the trading platform. You can do it in a simple and even in several ways in MetaTrader 4. How to place the order read in this article.
The method of calculating profit on Forex depends on the currency pair quote. If the base currency of the pair is USD, it is called the direct quote (e.g.USD/JPY, USD/CAD, USD/CHF). If USD is the counter currency, this is a currency pair with the indirect quote (e.g. EUR/USD, GBP/USD, AUD/USD).
If the currency pair does not include USD, you deal with the cross-rate (e.g. GBP/AUD, GPB/JPY).
(closing price – open price) / closing price × contract volume × lot size
(open price – closing price) × contract volume × lot size
(open price – closing price) × base currency rate × closing price × contract volume × lot size
The max available leverage for trading metals is 1:100. This refers to all types of accounts: Cent, Mini, Standard and ECN Zero. While trading metals on Cent accounts traders should also note that the min order size is 1 cent lot and the min step of the order size is 1 cent lot. Other trading conditions are the same for trading both currency pairs and metals.
Partner link is a link with the help of which the track of the customers, attracted by you under the Introducing Broker program, takes place. When registering your partner account, its number, which can be seen in the Back Office, is your unique partner code. For example, you have registered partner account and it was given a number 32071, exactly this number is your partner code.
The referral code can be found in your Back Office. In order to change the page to which the referral code leads, please, choose the appropriate option in the field "Site page". You can also indicate the site page which you want to use for attracting clients by yourself. For this select the item "Another site page" in the drop-down list. Then insert the needed link into the appeared field. When choosing the site page your referral code will be changed automatically in the code of the banners.
So the user follows the link, registers in the company, opens a trading account and conducts trade. Revenue for every attracted client's order is credited on your partner account. The revenue for the trading activity of the attracted client will be paid to you from every trading account, opened by this client.
If, after following your link, the client appears on the page of the company's website and does not register a Back Office immediately, this does not mean that this client will not be added to the list of your referrals. All transitions are saved in cookies, if they are enabled in the client's browser. When visiting the website next time, the client registers the Back Office, he/she is added to your list of attracted clients.
1. the address of the website page, to which you want your clients to be redirected when clicking on it. For example, you want potential client to become interested in the trading conditions and make the immediate decision to register, then choose the page which contains the information about the trading conditions and copy the link https://justforex.com/trading/account-types
2. the second part of the partner link is your unique partner code (your IB account number), for example, 32071. At the same time, to connect the site link and the partner code, you need to add "?ref=". You can copy ?ref=32071 from the page Promo Materials in your Back Office (field "Your partner link") and add it to the link of the chosen page.
After the creation of the partner link, it can be used by adding it on different resources. For example, participating in the discussions on the thematic forums, you can add the link with your unique partner code to the signature. By being a participant of the resources, which are connected with the currency market (forums, information resources or blogs), you can inform other members about the company services, in this way the attraction can be more successful as it will be directed to the target audience.
Besides, banners which can be placed on your website, blog or forum can be found in the Promo Material section of the Back Office. Please note, that when choosing the page which you want to use for attracting clients your referral code in the code of the banner will be changed automatically. So the only thing you need to do is to copy the banner code and insert it into your resource code.
In case your referral finds out about the company directly from you, make sure that you provide him/her your partner code (For example, 32071), so that it can be indicated it in the registration form on the company website.
To become a Forex IB is easy: register the Back Office, open a partner account and start attracting clients. You can learn more about the conditions of the partner relationship under the program Introducing Broker here.
Most partners are working on this affiliate program. The broker gives the referral link to the partner. The partner shares it on different resources: websites, forums, personal blog, social networks etc. Everyone who follow this link and registers as a trader becomes a referral of the partner. The partner earns profit for each transaction of the attracted referral.
When you open trading platform for the first time you will be offered to open practice account. In order to log into the platform you need to close this window first. And if you want to open practice account you can find the detailed manual how to fulfill this here.
Besides, you can trade through the browser-based version of MetaTrader 4 – JustForex WebTrader. Web-terminal does not require installation and can be launched from a simple Internet-browser. To access real or demo account and start trading you just need to follow the link webtrader.justforex.com. You can learn more about the browser-based terminal WebTrader at this page.
During the installation of MetaTrader 4 trading platform, the limited list of financial instruments is displayed in "Market watch" by default. In case you want to add symbol or hide the displayed symbol, right-click on "Market watch" and choose "Symbols" in the appeared menu. Then expand the necessary group, choose the symbol and click "Show" / "Hide" button.Besides, trading platform also lets:
Menu "Market watch" > Click "Hide all"
Menu "Market watch" > Click "Show all".
Menu "Market watch" > Click "Sets".
Expert advisor (robot) is the program software (script), which executes trading operations without trader's participation, based on the algorithm, specified in advance. Expert Advisors are very useful when there is no opportunity to be near the trading platform.It is possible to choose one of the modes of expert advisor operation in MetaTrader 4:
The best forex trading platform is MetaTrader 4 developed by MetaQuotes SoftWare Corp. Trading platforms provide a trader with the necessary tools for technical analysis, transmit real-time quotes, allow placing and managing orders, as well as monitoring the status of the trading account. The terminal is equipped with MQL4 programming language, using which traders can automate their trading: use advisors, scripts, indicators.
MetaTrader 4 is implemented in three versions: desktop, mobile and online (web). All the versions are available for trading with JustForex. To learn more about the platform, click here.
The online Forex trading platform is a browser-based version of the platform. You do not need to download and install additional software, you can trade directly in the browser. The web-platform is compatible with any operating system (Windows, Mac, Linux). All you need for trading is a browser and an access to the Internet. You can find out the platforms provided by JustForex in this section.
JustForex allows trading with the most popular trading platform – MetaTrader 4. MT4 include both desktop and web versions of the platform. There are also applications for your smartphones (both for iOs and Android), that allows you to be in touch with the Forex market all the time and trade anywhere. You can choose and download the best Forex trading app here.