How to start trading: Connecting to a trading account, opening and closing trades

After installing MetaTrader and depositing funds into your trading account with AMarkets, you’re ready to make your first trade.

To get started, follow these steps:

1. Connect to your trading account via the MetaTrader platform.
   
2. Set up your list of trading instruments
3. Calculate the margin required to open a trade
4. Check the trading hours for the instruments you’re interested in
5. Place your first trade in the financial markets

Connecting to a trading account

AMarkets clients have access to various versions of the MetaTrader trading terminal. We’ve prepared several training videos to guide you through connecting to your AMarkets trading account.

MetaTrader for desktop PC

Installing MetaTrader and connecting to a trading account

MetaTrader for mobile devices

Installing MetaTrader on a mobile device and connecting to a trading account

Setting up a list of trading instruments

AMarkets offers more than 550 financial instruments for trading. You can add or remove instruments in the “Market Watch” window.

To add or remove a trading instrument:

1. Right-click in the Market Watch window and select “Symbols” (or press CTRL+U).
2. In the window that appears, check the instruments you want to add or uncheck those you want to remove.
3. Click “Close.”

To show all available instruments, right-click in the Market Watch window and select “Show all.”

If you trade using MetaTrader for mobile devices (iPhone in particular), we recommend that you watch a detailed instructional video on how to add/remove trading instruments in MetaTrader on your iPhone

Calculating margin

The margin (collateral) is a portion of your account equity reserved to hold a position open. Before placing a trade, it’s important to calculate the transaction volume to ensure you have enough free funds in your account.

To calculate the margin required to open a position, use our Trader’s Calculator.

The calculator allows you to calculate the following parameters in USD:

• Spread
• Cost of pip
• Swap
• Margin per trade

Checking the trading hours

Before placing a trade, it’s essential to familiarize yourself with the trading session schedule and hours for the instruments you’re interested in.

To find out the trading hours for various financial instruments:

• Visit the “Trading” ⇒ “Trading Instruments” section on the AMarkets website.
• In the MetaTrader platform, right-click the instrument in the “Market Watch” window and select “Specification.” This will show you the quotes and trading sessions for that instrument.

Placing your first trade

How to open a position

To open a trade in MetaTrader (desktop version), choose one of these methods:

• Click the “New Order” button in the toolbar above the price chart.
• Right-click a symbol in the Market Watch window and select “New Order.”
• Press F9 on your keyboard to open the “New Order” window.

In the window that opens, specify the following:

1. Symbol: Select a trading instrument from the dropdown list. Only instruments added in the Market Watch window will appear.
2. Volume: Set the order volume in lots. The minimum trade size is 0.01 lot, in increments of 0.01.
3. Order type: Choose “Market Execution” or “Pending Order.”
4. Trade type: Click SELL or BUY.

You can monitor your trade status in the “Terminal” window of the MetaTrader platform.

How to close a position

Positions can be closed differently in the “Terminal” window:

• Click on the “x” symbol on the far right of the trade
• Right-click on the trade and select the “Close position” option

For step-by-step instructions on how to place and manage trades, check out our tutorial videos:

MetaTrader for desktop PC

How to open and close trades fully or partially in MetaTrader

MetaTrader for mobile devices

Placing a trade in MT4 on iPhone

Now you’re ready to open trades on your AMarkets account!