PIPs are essential in forex as they tell the traders about the size of profits or losses that can be made from a particular currency pair. Gaps in the Forex market help traders identify price movement clues, entry and exit signals, and trend reversals. Swing trading is all about profiting from market swings. It is a popular speculative strategy where traders tend to buy and hold their assets hoping to profit from expected market movement.

Support and resistance levels in the Forex market allow traders to understand the market direction and predict future prices to consider in making trade decisions. The Forex market offers high liquidity and margin opportunities for you to trade and potentially profit off of exchange rates of currencies.

Margin trading is one of the most common derivative strategies used in financial markets. It can also be considered tax-efficient as it allows you to choose the size of your wager and exempts profits earned from stamp duties and taxes. Leverage allows traders to hold large positions in the Forex market with fewer capital. With leverage trading, traders can borrow money from a broker and hold larger positions, which in turn could magnify returns or losses.

A stop loss order is used to prevent extensive losses, especially during severe market dip situations. By placing a stop loss order, you can automatically close your position if the market moves against you.

MetaTrader 5, the powerful automated trading platform, offers advanced tools for successful trading analysis and trades in the financial markets. Aside from Forex, the MT5 platform helps you trade Stocks, CFDs, and Futures. An advanced trading platform, MT4 has become a norm for seasoned Forex traders as it helps them execute their trades even when their machine is off. It comes with a user-friendly interface, numerous technical analysis tools for forecasting market patterns, real-time currency price data, and much more.

In Forex trading, you can take long or short positions based on expectations of the market rising or falling. Long or buy positions are maintained when traders expect currency pair prices to increase in the future. A spread is a cost built into the buying and the selling price of all the currency pairs. In most cases, Forex spreads depend on your Forex broker.

The foreign exchange Forex market is the largest financial market in the world. Many people want to get into Forex trading and make quick profits, but only a few even know how to start. While trading Forex online has now become easier than ever because of powerful platforms like Blueberry Markets, it can still feel incredibly overwhelming to get started with it. In case you are wondering is Forex trading profitable, the short answer is yes. But many opt for Forex traders to make fast profits since Forex markets are operational 24 hours for five days a week.

Major players in the Forex market are financial institutions including commercial banks, central banks, money managers along with hedge funds. Many global corporations also trade in Forex to hedge currency risk. As the largest financial market globally, Forex trading is one of the most popular investment avenues for many. The liquidity and huge trading volume make Forex trading an option worth exploring.

Forex trading usually provides much higher leverage compared to other financial instruments like stocks. This is one of the primary reasons why so many people are attracted to Forex, and more and more people have started to enter the Forex trading market. Making your first trade in Forex successfully requires in-depth knowledge about trading basics and Forex trading strategies. The learning curve to trading currencies can seem overwhelming and complex, but when you have the right information by your side, it can make the entire process all the more easier.

There are several Forex brokers in the Forex market, and amidst those thousands of Forex brokers, it can become nothing less than challenging for traders to find the best brokers. When you hold a currency spot position overnight, the interest you either earn or pay is the rollover amount. Each currency has a different overnight interbank interest rate, and because you trade Forex in pairs, you also deal with two different interest rates.

In terms of trading volume, the Forex market is the largest financial market in the world. It is also the only financial market that operates round the clock every day. Have a basic understanding of Forex? Ready to level up? Move on to the intermediate course. Catch up on what you might have missed in the market. Trading Education Beginner MT4 vs MT5. MT4 vs MT5: Which is Better? What is MetaTrader 4 or MT4? What is MetaTrader 5 or MT5?

MT4 vs MT5: Comparing key features Algorithmic trading Algorithmic or automated trading basically means you automate the entire trading process and allow you to place successful trades even when your machine is off and you are sleeping. MT4 executes automated trading based on an order system. Purpose Neither MetaTrader 4 or MetaTrader 5 is an upgrade of each other since they both serve a different function altogether.

MT5 has a depth of market functionality that helps in measuring the supply and demand for the assets on the basis of all the open buy and sell orders.

Analytics Analytics in both platforms is built to place more successful trades. Both MT4 and MT5 allow custom analytics to suit individual trading needs.

MT4 includes interactive charts with 9 timeframes, whereas MT5 includes charts with a total of 21 timeframes. MT4 offers 30 in-built technical indicators, while MT5 offers 38 in-built technical indicators. Some indicators like the Fibonacci and Elliot tools are available only on MT5 and not MT4. MT4 includes 31 graphical objects, whereas MT5 brings 44 of them. Both platforms include an alert functionality and provide traders with ongoing financial news.

MT5 also has an economic calendar that MT4 does not. This helps MT5 deliver macroeconomic news from across the globe to the trader that might impact their financial trading decisions.

Only MT5 offers a multithreaded strategy tester that enables traders to use all the computer resources to test and optimize the trades. An embedded community chat and fund transfer between different accounts is also offered by MT5 and is not a part of the MT4 platform.

MT4 comes with over custom indicators and paid indicators. MT5 has an unlimited number of charts. Interface Both MT4 and MT5 have an easy-to-use interface with a few differences: MT4 is comparatively simpler and easier to use, especially for forex traders.

It allows traders to customize the interface of the platform as per their individual trading needs. MT5 is a little more complex as it consists of more trading features and enables traders to trade the stocks and futures market as well.

MT5 has a simpler interface layout, but it comes with 11 types of minutes charts, 7 types of hourly charts and daily, weekly and yearly timeframes, which are not available on MT4. Mobility The mobility function on both platforms allows you to always be near your trading system by enabling you to access all your buy and sell orders through a mobile phone. MT4 and MT5 offer mobile versions in both iOS and Android smartphones and tablets.

Through this functionality, you can access the markets from anywhere in the world, throughout the day. The mobile version includes charts, all trading orders, analytics tools and also allows you to monitor your account statuses.

You can also buy and sell all your financial instruments just as you would with a computer system. Both MT4 and MT5 are compatible with Mozilla Firefox, Google Chrome, Apple Safari, Microsoft Edge, Opera, and Internet Explorer. Trading and Orders Both MT4 and MT5 platforms have almost the same execution method. MT4 includes the execution on request mode, instant execution and execution buy market.

MT4 includes four types of orders, buy stop order, buy limit order, sell stop order and sell limit order. MT5 offers the four orders offered by MT4 and two others, the buy stop limit order and the sell stop limit order. Internal mailing systems An internal mailing system enables a trader to receive important and relevant information from the broker.

Both platforms have an internal mailing system, but MT5 offers an attachment feature with it. Hedging and Netting Hedging is a type of risk management strategy that allows you to offset any potential losses by opening a position opposite to your current position. MT4 allows you to hedge your trades and protect yourself from potential losses.

MT5 allows you to hedge and net your trades, protecting you against potential losses and also reducing your financial risk. Brokers Even though both MT4 and MT5 come with several research tools, indicators and analysis tools, the difference in the number of brokers for the two platforms is huge. There are more than 1, MT4 brokers in the market, as online brokers prefer this platform over MT5.

MT5 brokers are only a handful in comparison with MT4. There are a few brokers that support both platforms, enabling you to switch between MT4 and MT5 as you please. FIX API Access Traders use the Financial Information Exchange API FIX API to get real-time financial securities information in the financial markets.

MT4 offers the FIX API integration, enabling you to create strategies and private algorithms that help you in analysing the forex trades. MT5 does not offer a FIX API integration to its traders. Programming language A programming language is a computer language that is created by software developers to interact with the computer.

MT4 is built on a programming language that makes it suitable for beginner traders who are not very much included in creating their own algorithms for their trading strategies. MT 5, on the contrary, is built on a much more complex programming language that enables traders to write their own trading strategies, alter scripts and conduct advanced trading analysis. Trades on MT5 can be executed with only a single function which is not the case with MT4. Demo Trading Demo trading allows traders to experiment with the platform by putting in demo trades without investing real money.

Both MT4 and MT5 offer demo trading, providing the trader with a completely risk-free environment. The only thing required to use an MT4 or MT5 demo account is to open a real account with an actual financial broker. MT4 MT5 MT4 is ideal for new Forex traders It offers many more technical indicators, timeframes, graphics, chart drawing tools and more when compared to MT4 Majority of online brokers supports MT4 Supports non-forex CFDs as well Most Expert Advisor providers opt for MT4 Includes extremely advanced execution modes and order types Several chart drawing tools and technical indicators exist in MT4 It fits well with seasoned technical traders.

MT4 MT5 Less features than MT5 Not suitable for the beginner traders Only supports Forex assets Very few brokers support the MT5 platform In comparison with mT4, much fewer expert advisor developers opt for the MT5 platform.

Recommended Topics How to Calculate Forex Position Sizing Each trader in the forex market defines their position size before moving forward with a trade. Due to regulation, we only accept Skrill payments that are consistent with the client's native currency. Back up your trade positions with insights and how-to-guides, straight to your inbox every week. Trading Conditions Blueberry Markets Trading Conditions. Entities and Regulators. Entities and Regulators Spreads and Commissions Client Protection Trading Conditions.

Australia ASIC Bahamas SCB Entity name Blueberry Markets Eightcap Pty Ltd Blueberry Markets Eightcap Global Ltd Authorised by ASIC SCB Office location Sydney, Australia Port Vila, Bahamas Languages Supported English English.

Australia ASIC Bahamas SCB Forex spread from 0. Australia ASIC Bahamas SCB Does Blueberry Markets offer client money protection? Yes — segregated client money Yes — segregated client money Complaints Authority AFCA SCB.

This popular online broker allows you to trade leveraged CFD positions on shares, indices, forex, commodities, and more without paying any commission. Plus, the trading platform is heavily regulated by tier-one body ASIC — so safety will be of no concern.

But, is Blueberry Markets the right online broker for you? In this guide, we review everything there is to know about Blueberry Markets. This covers core metrics surrounding fees and commissions, tradable markets, leverage limits, regulation, payments, and customer support.

If so, below we outline the most important points that we discovered about the online trading platform. The above factors alone illustrate that across the board — Blueberry Markets is a top-rated platform.

With that said, no two online brokers are the same — so we would suggest reading the rest of our review to ensure Blueberry Markets is right for you. Blueberry Markets is an online trading platform that allows you to speculate on CFD instruments. This includes a full suite of popular assets — such as stocks, indices, forex, and cryptocurrencies. As you will be trading CFDs, you can go long or short on your chosen market. This top-rated broker does not charge any trading commissions — meaning that all fees are built into the spread.

Blueberry Markets was first launched in and has since grown its client base at a rapid pace. The broker is regulated by ASIC — so you can be sure you are trading in a safe space. In terms of trading platforms, Blueberry Markets can be accessed via MT4 or MT5. This includes a web-trading facility, desktop software, and a mobile app. As noted above, Blueberry Markets specializes in leveraged CFDs.

This means that you will not be buying or selling traditional assets — such as shares or ETFs. As the underlying financial instrument does not exist — this gives Blueberry Markets the freedom to offer a huge library of assets. As you can see from the above, Blueberry Markets covers the most liquid and traded asset classes in the investment scene — so you can easily diversify. So now that our Blueberry Markets review has established that the broker offers heaps of assets — we now need to discuss those all-important fees.

This means that whenever you enter or exit a market — there will be no direct trading fees to pay. Instead, everything is built into the spread — which is the difference between the buy and sell price of the respective instrument. As always, spreads will vary depending on the market you wish to trade.

At Blueberry Markets, the spread will also depend on the account type you are on. Instead, below we outline a few examples so that you can get a feel for the competitiveness of this broker.

As you can from the above, spreads at Blueberry Markets are super-tight. Although we noted in the sections above that Blueberry Markets allows you to trade without paying any commission — this is based on the Standard Account. You do, however, also have the option of opening a Blueberry Direct Account. This account type is most definitely the best option to go with if you are an experienced trader that places a large number of positions.

This is because you will benefit from spreads that start at 0. In even better news, Blueberry Markets will typically process your withdrawal request within 24 hours.

This just means that you will pay a small FX fee at the point of the transaction. Perhaps one of the biggest plus-points of using Blueberry Markets is that the platform states that all clients will be offered leverage of up to This means that you can amplify your stake by a huge ratio of x.

However, do treat with caution when applying high levels of leverage — especially if you are a beginner. After all, if your position goes against you by a certain percentage, your trade will be liquidated and you will lose your stake. Blueberry Markets does not offer its own native trading platform. Instead, the broker has partnered with two leading third-party providers — MetaTrader 4 MT4 and MetaTrader 5 MT5.

This is ideal for those of you that want access to advanced trading tools. After all, both MT4 and MT5 are packed with technical indicators and chart drawing tools. Plus, these third-party platforms also allow you to install and deploy a trading robot or forex EA.

All you need to do is log in with your Blueberry Markets username and password. In a nutshell, you should have no concerns regarding safety when you sign up with Blueberry Markets. This is because the broker is authorized and regulated by the Australian Securities and Investments Commission ASIC.

For those unaware — alongside the FCA UK and SEC US — ASIC is one of the most reputable financial regulators globally. The license issuer will ensure that Blueberry Markets follow a range of guidelines and regulations — such as keeping your money in segregated bank accounts.

If for some reason you did run into an issue with Blueberry Markets — you always have the option of taking your complaint up directly with ASIC. Our Blueberry Markets review found that the platform offers top-notch customer support. In fact, you can speak with a support agent in real-time by using the live chat facility. This ensures that you do not need to wait hours or even days to receive a response to your query. If you have read our Blueberry Markets review up to this point and like what you see — we are now going to walk you through the process of getting started.

By following the simple steps outlined below you will have an account opened in just a few minutes! Like all online brokers that are regulated by ASIC — you will first need to open an account with Blueberry Markets.

You will need to select from a Standard or Direct Account — and then follow the on-screen instructions by entering your personal information and contact details. Another requirement that ASIC has on the brokers it regulates is that all traders must be verified. This is a simple process at Blueberry Markets — as you only need to upload a copy of your:.

Your documents will usually be verified by the Blueberry Markets platform in less than 10 minutes. You can now deposit some funds into your Blueberry markets account. Choose your preferred payment type from the list of supported deposit methods.

You can use your preferred platform directly on the Blueberry Markets website. You are now set up with a fully-fledged Blueberry Markets trading account. All you need to do now is start trading. You can find your preferred market or asset by using the search box. Then, you will need to set up an order. You can also set up a stop-loss and take-profit order.

In summary, our Blueberry Markets review found that this ASIC-regulated broker is one of the best trading platforms in the market right now. Not only can you trade heaps of financial instruments without paying any commission, but spreads are super tight.

In fact, if you elect to open a Direct Account — some markets come with a spread of 0. Blueberry Markets ticks all of the tight boxes. Plus, the platform is compatible with MT4 and MT5. Yes - Blueberry Markets is regulated by the Australian Securities and Investments Commission ASIC. This regulator is one of the most reputable in the online brokerage scene. Blueberry Markets states that it offer leverage of to all clients. You do, however, need to remember that your leverage limits might be capped depending on your country of residence.

Learn 2Trade Forex Channel. Learn 2Trade Crypto Channel. Samantha Forlow. Updated: 12 May Table of Content. Blueberry Markets - Buy and Invest in Assets. Our Rating. Lightning-fast trade execution Zero commission on a standard account Hassle-free withdrawals within 24 hours One-to-one customer service. Visit Blueberry Markets. Your capital is at risk of loss when trading CFDs at this platform. Is Blueberry Markets a good broker? Is blueberry markets regulated? Can you use Blueberry Markets in the US?

Unfortunately, Blueberry Markets is not available to US traders - as the broker offers CFDs. What payment methods does Blueberry Markets accept? How much leverage does Blueberry Markets offer? Join our Telegram Channels Learn 2Trade Forex Channel t.

PCryptor New member Customer. Neither MetaTrader 4 or MetaTrader 5 is an upgrade of each other since they both serve a different function altogether. The information includes platform features, information about open accounts and orders, upcoming events and much more. What are Support and Resistance Levels Support and resistance levels in the Forex market allow traders to understand the market direction and predict future prices to consider in making trade decisions. Open a live account Try risk-free demo account. Hedging and Netting Hedging is a type of risk management strategy that allows you to offset any potential losses by opening a position opposite to your current position. You will need to select from a Standard or Direct Account — and then follow the on-screen instructions by entering your personal information and contact details.

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