Forex One Minute Strategy

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Forex News Calendars

To view list of Forex Events or News go to forexfactory.com or use this One Minute Strategy App. you can also download Investing.com App on Google Play or App Store

www.forexfactory.com/

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ttttttt Stop Loss, Take Profit, Close Trades

Stop Loss

stop loss is a function offered by brokers to limit losses in volatile markets moving in a contrary direction to the initial trade. This function is implemented by setting a stop loss level, a specified amount of pips away from the entry price.

to set stop loss - find your open trade at the bottom, right click on it and click "Modify or Delete Order", Stop Loss will appear

Take Profit

when your trade order is in profit you can set a level where you wana close the trade with the profit,
is a type of pending order that is placed to close a profitable position once the market reaches a specific price. As the name suggests, it allows the trader to set a predefined level to lock in any profits. In other words, it takes the profit as it closes the position.

ON Buy Order

on buy order, your Stop Loss should be pips below your oder

On Sell Oder

on sell order, stop loss is above the entry, take profit is below

Close Order

ssssss Preparing a Trading Chat and Place your first Trade

ON Meta Trader Platform let observe how to open Trade

a) OPEN You r First Trade

Open your Meta Trader, you should be able to see currency Pairs like that, make sure that you set the Platform to show All Pairs. If you cannot see list of pairs, look the the button we circled in Red, press it, its purpose is to show and hide the currency pairs on your Platform.

right click on your chosen pair. here we chose GBPUSD

click chart window then a chart your pair will open

Fix your Chart

as you prepare your chart to make it neat and visible, click buttons we pointed.

"M15 button" will set the chart to show 15 minutes Candle Sticks we use for this strategy, you can also use "M1" to show 1 minute Candles. Clich on the buttons, zoom in and get a neat chart

now your chart you show candles, buy and sell buttons like this

Placing your First Tarde

if you test your Trade on Real Account use the Lowest Lot Size. My broker allows 0.01 lowest lot.

Press sell and buy. look at the bottom under "Trade". see your buy and sell oders.

Demo and Real Money

It takes some mistakes to learn forex, demo account is recommended when you are new in forex.

brokers are not strict on Demos so if you are winning on Demo, open a free bonus account - trade a free bonus account to experience trading a real money.

XM and Tickmill are some of brokers that offer free bonus on standard accounts. you may use them to experience real money trading. if you are able to win and make profit, you can then find a broker that has ECN account and fund the account. Hotforex , Exness, FXopen and other brokers have ECN accounts

Funding a Real Account

Real Account

to send money into your forex account you can use skrill or Neteller meaning - after opening a real account with your broker you go to skrill.com or neteller.com to open an account for international transfers.

you will fill in details of you bank card in your skrill or netteler account, then choose account you wanna fund and follow instructions.

skrill can be strick and end up closing you out of your account or forfeit your money if you do not use the account for long, so neteller is more recommended than skrill.

Sending Money with Skrill is something like this. you will observe instructions depending on the transfer platform you use.

Relevant Account type

Brokers Provide different types of accounts that includes micro, standard, commission, and Direct Access Account (ECN)

Direct Access (ECN) Account is the best for scalping strategies or for one minute strategy. this is because is offers lower spread, meaning brokers do not charge a trader a high amount of money when placing a trade on their platform.

with ECN (electronic communications networks ) account, a broker will match your buying or selling order to other traders. if you buy - the broker will match your buy order with a sell order of another trader, then they will not charge you a lot.

with standard account, when you buy - your broker or banks will sell for you and charge you a lot because they take the opposite side of your trade to make it possible for you to trade.

since ECN account are the best, they are expensive to fund, and brokers to do offer free bonuses in ECN accounts. If you cannot afford ECN, stick with the account type you can afford but you will be charged lot of spread. high spread will cause your trade to be in negative and is gonna take a lot pips to recover that and make you profitable.

best account is ECN but other accounts can be used as well

Find Genuine and Verified Broker.

you need to open a trading account with a regulated broker to avoid scams. there are lot of regulated brokers and lot of scams

to view a list of Regulated brokers go to https://www.forexfraud.com/ or click Here

Here is some list we picked

Safest Forex Brokers 2020

Broker	Features	Min Deposit	EURUSD Spread
Your capital is at riskUS Clients: NoRegulated : Yes	– Regulated by FCA, CySEC, FSCA, IFSC and FSC – Over 1M Registered Accounts – More than 250 Trading Instruments – MT4, MT5 and Web Trader Platforms – No dealing desk – Crypto-trading only avail. for Exinity Limited.	$10	ECN 0.1, Standard 1.6	Sign Up Open Demo Account Read FXTM Review
Your capital is at riskUS Clients: NoRegulated : Yes	– Forex pairs and CFD trading – Tight spreads as low as 1.2 pips – Over 130 assets: Forex pairs (83), Indices (23); Commodities (18); and Treasuries (7)	$250	1.2 pips	Sign Up Open Demo Account Read BDSwiss Review
Your capital is at riskUS Clients: NoRegulated : Yes	– Ultra – fast execution from 0.1s – Low spreads from 0.0 pups – All trading strategies allowed – No restrictions on profitability – Top trading conditions	$100	0.0 pips	Sign Up Open Demo Account Read Tickmill Review
Your capital is at riskUS Clients: NoRegulated : Yes	– 40% New Member Bonus – MIFID, ASIC, FSA & FSCA regulated – Free Online Trading Coach	$100	Fixed	Sign UpEurope* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Open Demo Account Read AvaTrade Review
Your capital is at riskUS Clients: NoRegulated : Yes	– Flexible leverage up to 500:1 – Multi award-winning New Zealand broker – Institutional-grade spreads from 0.1 pips	$200	From 0.1	Sign Up Open Demo Account Read BlackBull Markets Review
Your capital is at riskUS Clients: NoRegulated : Yes	– CySEC regulated. – Good for beginners with excellent trading academy. – Beginner Friendly -Many supported payment methods for easy deposit and withdrawal – LegacyFX Academy hosts over 80 trading videos, webinars and educational materials for all levels – Meta Trader 5 Trading platform – Access to exclusive professional trading tools and market insights – Dedicated support staff during all trading hours	$250	From 0.6 pips	Sign Up Open Demo Account Read LegacyFX Review
Your capital is at riskUS Clients: NoRegulated : Yes		A$250		Sign Up Open Demo Account Read HFTrading Review
Your capital is at riskUS Clients: NoRegulated : Yes	Wide range of instruments to trade as CFDs Licensed and regulated, with high-level security in place Choice of quality trading platforms, including MT4	$250	Varied	Sign Up Open Demo Account Read ETFinance Review
Your capital is at riskUS Clients:Regulated : No				Sign Up Open Demo Account Read 101investing Review
Your capital is at riskUS Clients: NoRegulated : Yes	– Good webinars, ebooks and tutorials – FSCA Regulated	$250	0.7 pips	Sign Up Open Demo Account Read OInvest Review
77% of retail CFD accounts lose moneyUS Clients: YesRegulated : Yes	– No Minimum Deposit – Over 100 instruments – Web, desktop, mobile platform and MT4 – Best Retail FX Platform 2018 – FCA & ASIC Authorized and Regulated – Founded in 1996 with HQ in Toronto, CA	None	1 pip	Sign Up Open Demo Account Read Oanda Review
Your capital is at riskUS Clients: NoRegulated : Yes	– CySEC, IFSC, ASIC Regulated – MT4, MT5, WebTrader platform – $50% and 20% deposit bonus up to $5,000(t&c apply) *Cleints registered under the EU regulated entity of the Group are not eligible for the bonus.	$5	Vary	Sign Up Open Demo Account Read XM Group Review
Your capital is at riskUS Clients: NoRegulated : Yes	– Authorized and Regulated by FCA and CySEC – 43 currency pairs – 0.5 pips EURUSD Spread	$100	0.5 pips	Sign Up Open Demo Account Read ATFX Review
Your capital is at riskUS Clients:Regulated : Yes	Lowest Commissions in Australia, $4.50 per lot RT	$0.0	0.12 average	Sign Up Open Demo Account Read Fusion Markets Review
76% of CFD traders loseUS Clients: NoRegulated : Yes	– Social Trading Platform – FCA & CySEC Regulated – Minimum Deposit $200 – Demo Account – Real and CFD Cryptocurrencies – Copy Trading – 2000+ Instruments	$200	3 pips	Sign Up76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Open Demo Account Read eToro Review
Your capital is at riskUS Clients: NoRegulated : Yes	– ASIC Regulated – Well Established – No Fees – 24 hour support	$200	From 0.1 pips	Sign Up Open Demo Account Read VantageFX Review
Your capital is at riskUS Clients: NoRegulated : Yes		$200		Sign Up Open Demo Account Read Moneta Markets Review
80.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.US Clients: NoRegulated : Yes	– FCA, ASIC, CySEC Regulated. – Multi Asset Trading Platform. – No Time Frame For Demo Accounts.	100GBP/AUD/EUR/USD	Vary	Sign Up80.5% of retail... Open Demo Account Read Plus500 Review
Your capital is at riskUS Clients: NoRegulated : Yes	– CySEC, FSCA, FSA, DFSA, FCA Regulated – MetaTrader4 & 5 platform – Proprietary debit card for quick withdrawal applications!	$5	From .2 pips	Sign Up Open Demo Account Read HotForex Review
Your capital is at riskUS Clients: NoRegulated : Yes				Sign Up Open Demo Account Read CCI Traders Review
Your capital is at riskUS Clients: NoRegulated : Yes	– FCA & ASIC Authorized and Regulated – 24 Hour Support – Negative Balance Protection	$100	0.1 pips	Sign UpCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Open Demo Account Read Pepperstone Review
Your capital is at riskUS Clients:Regulated : Yes	Enhanced Execution and quality pricing. Award-winning trading platform – Trading Station Web/Desktop/Mobile Free Access to Exclusive Trading Tools and Services: Trading Signals, Trading Analytics and more More than 20 Years of experience in Online Trading Services – Leading Provider	300€	1.2*	Sign Up73.05% of investors lose money when trading CFDs with FXCM Open Demo Account Read FXCM Review
Your capital is at riskUS Clients: NoRegulated : Yes	– Regulatory compliance is under the auspices of the FCA in the UK, the SFC in Hong Kong, the DFSA in Dubai, and by way of the MiFID for the European Union. – Up to $5,000 Welcome Bonus (T&C apply) Applicable only for HYCM Limited	$100	1.8 pips	Sign Up Open Demo Account Read HYCM Review
Your capital is at riskUS Clients: NoRegulated : Yes	– Minimum Deposit $5 – Up to 1:500 leverage with micro-lots (0.01 size) available for everyone – Scalping, hedging, trading on the news, and EAs are permitted at OctaFX. – First Time Deposit Match: 50% Up To Any Max Deposit.	$5	0.2 pips	Sign Up Open Demo Account Read OctaFX Review
Your capital is at riskUS Clients: NoRegulated : Yes	– CySEC & ASIC regulated – Clients can trade currencies, metals, energy and agricultural commodities, Indices and Options	$100	1.8 pips	Sign Up Open Demo Account Read easyMarkets Review
74% of clients lose money. Capital at riskUS Clients: NoRegulated : Yes	– FCA, NFA, CFTC, IIRO, FSA, CIMA, MAS, SFC Regulated. – Award winning platform. – Beginner Friendly. – Well established, safe and trusted.	£100	Varied	Sign Up Open Demo Account Read City Index Review
Your capital is at riskUS Clients: NoRegulated : Yes	– FSCA Regulated – MetaTrader 4 & Sirix platforms – Education Tools – Copy Trading is Available	$250	from 0.5 pips	Sign Up Open Demo Account Read CM Trading Review