Forex Basic
Sevenstar FX
Funding
Pamm
IB
Time in MT4 shown is Eastern European Time (EET). During Daylight-Saving Time, EET is 3 hours ahead of Greenwich Mean Time (GMT +3). During Standard (Winter) Time, EET is 2 hours ahead of
GMT (GMT +2).
In Eastern Europe (EET), the transition to Daylight-Saving Time takes place on the last Sunday of March at 01:00 GMT, moving the clock ahead an hour. The move back to Eastern European Standard Time takes place on the last Sunday in October at 1:00 GMT, moving the clock back an hour.
GMT (GMT +2).
In Eastern Europe (EET), the transition to Daylight-Saving Time takes place on the last Sunday of March at 01:00 GMT, moving the clock ahead an hour. The move back to Eastern European Standard Time takes place on the last Sunday in October at 1:00 GMT, moving the clock back an hour.
Our MT4 servers are GMT +2 or GMT +3 depending on New York DST (Daylight Savings Time). This ensures a 5 daily candle week on the charts.
Our Market Open and Close times are as follows:
Market Open = 00:02 MT4 Server Time
Market Close = 23:58 MT4 Server Time
Our Market Open and Close times are as follows:
Market Open = 00:02 MT4 Server Time
Market Close = 23:58 MT4 Server Time
To view your account balance in MetaTrader4, simply open up the program and hit ‘View’ and click on ‘Terminal’, alternatively you can just use the ‘Ctrl-T’ key press. The terminal window should open up near the bottom of your screen. In the ‘Trade’ tab you’ll see your Balance, Equity, Margin, Free Margin and Margin level.
The Seven Star FX MT4 platform records all trading activities in the ‘Account History’ tab of the Trading Terminal. It is located at the bottom of your MT4 screen. From that tab, you can see real time profit and loss, margin availability, account balances, swap costs, and all historical transaction details. These details can all be saved on your PC as records without logging back into the MT4 program by right-clicking on any of the orders and saving the report.
You can keep your positions open for as long as you deem fit, or as long as your margin stays within acceptable levels on the MT4 platform.
The Forex Market has participants from retail, wholesale and institutional sectors. The largest contingent of participants starts at the top with the Central Banks, Commercial and Investment Banks, it then is followed by multinational corporations, money managers, retail marketers, retail ECNs and finally retail traders. There are a lot of participants in the forex market.
Yes, kindly refer to our Educational Guides which can be found under the Education section of our website.
Unfortunately, no. Trades can only be placed during market hours when the market is open.
We currently offer 120+ currency pairs, ranging between major currency pairs, minor currency pairs and exotic currency pairs. To see all offered Forex products, kindly click here
The main differences between CFD trading and Forex trading is that CFD trading involves different types of contracts covering a diverse set of markets, such as indices and commodities whereas Forex offers pure currency trading. CFDs are mostly influenced by specific factors such as supply and demand whereas Forex is mainly driven by global events.
You can trade CFD commodities such as Oil, Natural Gas, Gold and Coffee. To view all tradeable CFD commodities please click here
You can also trade CFD indices such as the Dow Jones index, CAC 40, DE30 and US Dollar Index. To view all tradeable CFD indices, please click here
You can also trade CFD indices such as the Dow Jones index, CAC 40, DE30 and US Dollar Index. To view all tradeable CFD indices, please click here
The financing cost for your CFD trade is referred to as ‘rollover.' This is the interest paid depending on the size of the position and for holding a position past 20:45 GMT. For Index CFDs, any dividend adjustments issued are included in the rollover amount as well.
The formula for financing cost is as follows:
Closing Price of the Index * the interest rate / 100 / Number of Days +/- Dividends * Trade Size
On Fridays, if you hold a position over the weekend, rollover is charged 3 times as usual.
You can close your position before 20:45 GMT to avoid rollover and the charge will not
apply.
The formula for financing cost is as follows:
Closing Price of the Index * the interest rate / 100 / Number of Days +/- Dividends * Trade Size
On Fridays, if you hold a position over the weekend, rollover is charged 3 times as usual.
You can close your position before 20:45 GMT to avoid rollover and the charge will not
apply.
The unit of measure for Precious metals are in troy ounces. Please refer to the market specification for precious metals to see the contract sizes for Gold, Silver, Palladium and Platinum against to the US dollar by clicking here
Precious metals such as gold and silver can be considered one of the first ever traded commodities. Investors and traders generally view gold as a safe haven during economic, political or social uncertainty.
Precious metals are considered to be a safe haven for traders due to the limited supply in the world, with a relatively stable demand, therefore price changes are not as volatile as CFDs and Currency pairs.
Precious metals are considered to be a safe haven for traders due to the limited supply in the world, with a relatively stable demand, therefore price changes are not as volatile as CFDs and Currency pairs.
Orders are sometimes filled away from the desired price due to gaps in the market. This occurs because currency prices can sometimes be very volatile, or liquidity can be thin. In these scenarios, orders cannot always be filled at the exact price, but the next available price.
Open positions will not be closed if you logout of MT4 until an existing stop loss, take profit or stop out level is reached.
In the Terminal window click on the trade tab and highlight your open position, double click on it and the new order window will appear.
Click on the yellow button below 'Sell' and 'Buy' to close out a position.
Right click on the highlighted order and select Close Order.
If one-click-trading is enabled, you can close a position in clicking on the 'X' on the right hand side of the order line in the Terminal window.
Click on the yellow button below 'Sell' and 'Buy' to close out a position.
Right click on the highlighted order and select Close Order.
If one-click-trading is enabled, you can close a position in clicking on the 'X' on the right hand side of the order line in the Terminal window.
Yes, however trading can be extremely risky at that time.
You can set Stop Loss and Take Profit orders with no limits on all account types. SL and TP orders will still be active, even if your computer is switched off. The minimum Trailing Stop level is 1.5 pips or 15 points. It is possible to set only 1 trailing stop per order. You need to have the MT4 platform open to keep the trailing stop active
Liquidity is defined by how quickly an asset can be bought or sold without the price changing and
depends directly on the volume of trades and quantity of market participants. When there is a lack of requests from market participants (buyers and sellers), liquidity is said to be low, negatively affecting order fulfillment since it is often accompanied by a widening of the spread. Low liquidity can be observed:
1. When macroeconomic news comes out. The most significant of this type of news is said to be that which concerns: changes by central banks to interest rates; information on inflation levels; business activity indices; Gross Domestic Product; and announcements by the central banks in England, Japan, Switzerland and the US Federal Reserve.
2. During the rollover period (23:55 - 00:05 ЕЕТ) when large banks and ECN systems cease to
provide quotes and take a short break, taking with them their orders from the system.
3. Before and during a time of reduced activity on a specific asset at a certain time on a particular trading session. This is down to the variation of market behavior during different currency trading sessions. For example, the yen is traded most during the Asian session and the euro during the European session, etc.
4. At the market opening on Monday and market close on Friday when the amount of market
participants is low.
Trading during any of the times or events indicated above could lead to unwanted consequences and losses. Due to pending orders and IF Done orders being fulfilled at the requested price, or at one of the available prices reached by the market, the orders may be fulfilled with a market slip if the price changes at the precise moment when the order is fulfilled.
In some circumstances, non-market quotes can be given during periods of low liquidity.
depends directly on the volume of trades and quantity of market participants. When there is a lack of requests from market participants (buyers and sellers), liquidity is said to be low, negatively affecting order fulfillment since it is often accompanied by a widening of the spread. Low liquidity can be observed:
1. When macroeconomic news comes out. The most significant of this type of news is said to be that which concerns: changes by central banks to interest rates; information on inflation levels; business activity indices; Gross Domestic Product; and announcements by the central banks in England, Japan, Switzerland and the US Federal Reserve.
2. During the rollover period (23:55 - 00:05 ЕЕТ) when large banks and ECN systems cease to
provide quotes and take a short break, taking with them their orders from the system.
3. Before and during a time of reduced activity on a specific asset at a certain time on a particular trading session. This is down to the variation of market behavior during different currency trading sessions. For example, the yen is traded most during the Asian session and the euro during the European session, etc.
4. At the market opening on Monday and market close on Friday when the amount of market
participants is low.
Trading during any of the times or events indicated above could lead to unwanted consequences and losses. Due to pending orders and IF Done orders being fulfilled at the requested price, or at one of the available prices reached by the market, the orders may be fulfilled with a market slip if the price changes at the precise moment when the order is fulfilled.
In some circumstances, non-market quotes can be given during periods of low liquidity.
To view all the products Equity offers, right click in the Market Watch and select ‘Show all’. You can then scroll through the list of products to see what we offer.