Take
the Tutorial NOW!
Welcome
to the Step-by-step process of operating the DIMEFX platform.
This online tutorial will guide you all the way from understanding
the platform to knowing how to take trades.
*NEW*
Operating your DIMEFX Platform
STEP
1: Buying and Selling a Currency Pair
STEP
2: Position, Economic Calendar, Charting
STEP 3: Introduction to Technical Analysis
STEP 4: Closing Trades
*NEW*
Simulations
Operating
your DIMEFX Platform
Uncertain
on how to operate the DIMEFX Platform? Here is a step by step
automated tutorial file which you can review anytime you wish.
Click HERE to download
the tutorial and start trading today!
STEP
1: Buying and Selling a Currency Pair
To
BUY (when the currency pair moves up)
To SELL (when the currency pair moves down)
click
here to enlarge
Check off the currency pairs
you want showing. You can have a maximum of 5 boxes.
The box below shows you the
Sell price (Bid), the Buy price (Ask), highest price for the
day, and lowest price for the day.
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STEP
2: Position, Economic Calendar, Charting
There are 3 tabs in total: the Position, Economic Calendar
and Charting. Focus on the Charting tab to
learn how to take trades quickly.
You
can load more than one chart to look at different currency
pairs simultaneously
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STEP
3: Introduction to Technical Analysis
Trading begins every week at: 5.15pm EST, Sunday and ends
4:00pm EST Friday. You have 24 access when trading on the
FX market.
Select
Charting tab from the screen and view the charting information
for better trades. Currency pairs change in valuation in patterns
and cycles which can be tracked using technical studies.
| 1 |
Select
chart [EUR/USD] |
| 2 |
Select
time [5min] |
| 3 |
Select
 to
access technical studies |
| 4 |
Select
MACD |
When the
two lines CROSSOVER and curve UP, this is a BUY potential;
When the two lines CROSSOVER and curve DOWN, this is a SELL
potential.
Scroll
to the right and select
to launch duplicate charting. You can add three additional
charts and view different currency pairs.
MACD
What
is a MACD? Moving Average Convergence Divergence is calculated
by subtracting the value of a 26-period exponential moving
average from a 12-period exponential moving average (EMA).
A 9-period dotted exponential moving average (the "signal
line") of the difference between the 26 and 12 periods
EMA is used as the signal line. This line is usually not visible
at the horizontal plane.
The
basic MACD trading rule is a sell potential exists when the
two lines CROSSOVER and move downwards. A buy potential exists
when the two lines CROSSOVER and move upwards.
Sample
of MACD Crossover.
If
this is your first time trading, we recommend: [EUR/USD],
[GBP/USD], [USD/CAD], [USD/JPY]
For
more MACD examples and instructions please refer to the MACD
package.
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STEP
4: Closing Trades
When
the currency value moves up or down, you can close your trade
by locating the trade in the Position window and click SQR.
REMEMBER!
You will be subject to the sell/buy price difference as your
cost of taking a trade. Therefore, the P/L or Profit/Loss
will always start at a negative number such as -30.00
Select:
[PO] for advance adjustments
*Select:
[SQR] to close and capture the moving profit/loss*
Select:
[P&S] for details of the position
View updates
of your account, trades in the platform.
Click
on News, Commentary, and Reports for more market information!
Certain
brokers will charge an administrative fee (interest rollover)
for all open positions rolling over 17:00 EST. If you do not
have an open trade at that time, this charge will not affect
you. The interest rollover amount varies from day-to-day and
currency pair-to-currency pair. The amount is a small percentage
of the pip value. For every Wednesday, this amount is substantially
higher to approximately 1 pip in value. Please call the broker
or locate the interest rollover feature on the platform to
view the interest rollover amount. As a day trader, this will
not apply to us on a normal basis.
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SIMULATIONS
Here
are some simulations which you can view to sharpen your skills.
(Note: Due to the file size, it may take a while before the
file finishes loading)
Simulation
#1
QuickTime (15.4 MB)
Simulation
#2
QuickTime (20.7 MB)
Simulation
#3
QuickTime (15.5 MB)
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Trading foreign currencies is a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, invest only excess capital and what you are able to risk.
Currency trading involves a high degree of risk and there are no guarantees that you will make money and there is a potential for loss.
There is considerable exposure to risk in any equities or foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency.
The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. Your risk is what is deposited into your trading account. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses. 'stop-loss' or 'limit' orders are highly recommended with any trades to reduce risk.
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