Forex Trading Tutorial and Guide

There are 4 main windows in Agea Trading Software (Streamster):

• Window number (1) contains "Forex", "Fund", "Indexes", and "Commodities" Tab. If you want to trade Forex then you can click on the relevant tab (Forex), the same thing applies to trade other instruments such as the Fund, etc..
  


• Window number (2) contains "Charting", "Discussion", and "Latest News" Tab. Charting tab contains a chart / graph to monitor price movements of trading instruments based on the time scale shown in charting. X-axis refers to the date and time while the y-axis refers to the price of the selected instruments. Instrument price movements can be displayed in various forms, such as the line, bars and candlesticks, are shown from left to right. Discussion tab is a tab to chat with Agea traders, while Latest News Tab contains the latest economic news.
  


• Window number (3) contains "Portfolio" and "Alert" Tab. Portfolio tab displays the position of market instruments and funds you have, in this tab there is a live trading desk which is your real fund, and a virtual trading desk which is a virtual fund for trading, and the default desk is a place to save money when you are going to make a deposits or make withdrawals. Right after signing up, every user will get free money either live or virtual, you can see that you have free $5 bonus funds in the live trading and the virtual trading's amount of $ 10,000.
  
  Tab Alerts will inform you about current or the future market news. Alerts will be announced 5 minutes before the scheduled event takes place. There are so many different terms and abbreviations used to describe market news and events. These terms are usually used for economic institutions, instruments, business, reports, processes, etc. You can find detailed information of economic terms and abbreviations on http://www.wikipedia.org/
  


• Window number (4) contains "Orders", "Trades," Positions "and" Account Center Tab. Orders Tab contains active Pending Orders and active Take Profit / Stop Loss. Trades tab contains the status of your Orders, have been executed or not. (you can ignore this tab as this tab is not important). Positions Tab contains information of open or closed orders. Tab Account Center contains all the information about your account, to make deposit / withdrawal, account profile, and others.
  

How To Make Order



From "Forex" Tab figure above we can see these data as follows:

• Currency Pair: Available Trading Instruments
  
• Last: Last transacted price
• Bid: Selling price to Agea
• Offer: The purchase price from Agea
• Change: The difference of current price and 17:00 new york time opening price
• High: The highest price of the current day
• Low: The lowest price of the current day
• Time: Time of the last price update
• Open: Opening price of the current day (updated at 17:00 New York time)
• Close: The closing price of the current day (currently running)
  

The easiest way to start trading at the current price (market) is to click on the currency pair you wish to buy in the "Forex" Tab. Click on offer to open buy / Long or bid to open sell / Short. When the Send Order window appears, you can set quantity to 1 or any amount you want and set Desk field to Live Trading (trade with real money) or Virtual Trading (Simulation). When you click OK, the order will be entered into the market.




To open a pending order, change Price Type to Limit or Stop.


Send Order Window :

• Instruments: is the Currency Pair you wish to trade
• Price : At what price you intend to open order (if you use the Market Price Type, the Price field can not be edited as this means you order at the current market price. So you get the current available market price. However, to order a price other than market price, either above or below the current market price use Price Type : Limit or Stop)
• Duration: Is expiration of pending orders (not applicable for the Market Order Type as market orders always have been executed). Duration is a function to automatically cancel pending orders when they have expired. To activate Duration, you need to set Duration Type to Good Till Date. Duration is optional and in case you do not want to use Duration (there is no pending orders expiration), please set Duration Type to the default setting / Good Till Cancelled, which means the pending order will always be active without any expiration.
  
  In the contrary, if you want to use expired date for pending orders, then please set the Duration to the date you want, by previously set Duration Type to Good Till Date.
  
• Quantity: It is the contract size or lot you use. Quantity is calculated in units :
  
  
  
  • Quantity 100,000 is equal to 1 regular lot (the same as volume 1.00 on metatrader platform)
    
  • Quantity 10,000 is equal to 1 mini lot (the same as volume 0.1 on metatrader platform)
  • Quantity 1000 is equal to 1 micro lot (the same as volume 0.01 on metatrader platform)
• Exit Stop-Loss: Stop Loss Price level you want to use. Stop loss level is used to limit the loss when the market goes against trader's position or to protect profit you have got. The minimum Stop Loss level is 8 points away from open price. Note that Exit Stop Loss is calculated in price (not in point!). Stop Loss can be left blank and filled in later.
  
• Desk: Desk choice is whether you use real money (live) or simulation / demo (virtual) money. To trade forex with real money use live forex desk, to trade forex with demo money use virtual forex desk. To trade "funds" instrument with real money, use live fund desk, to trade funds with demo money, use virtual fund.
• Buy / Sell: Select Buy if you predict the price will rise. And select Sell when you predict prices will fall
• Price Type:
  
  
  
  • Market: Order at current market price
    
  • Limit Order: To Buy below current market price use Price Type: Limit and set Buy / Sell: Buy. Untuk Sell di atas harga sekarang gunakan Price Type : Limit lalu set Buy / Sell : Sell. To Sell above current market price use Price Type: Limit and set Buy / Sell: Sell.
    
  • Stop Order: To Buy above current market price use Price Type: Stop and then set Buy / Sell: Buy. To Sell below the current market price use Price Type: Stop and then set Buy / Sell: Sell.
• Duration Type: is the type of duration / expiration for pending orders (because the market is not a pending order, the duration type is not applicable)
  
  
  
  • Good Till Cancelled: is the default setting of Duration Type. This means pending order does not have expiration and will only be canceled if you cancel the order manually.
    
  • Good Till Date : is to set the expiration of active pending orders (not yet open). After setting Good Till Date, please fill pending orders expire date on Duration
    
  
  
• Quantity Type: is Type Quantity / Contract Size which is Full or Partial. Currently the option that you can use is only Quantity Type: Full
• Exit Target: is Take Profit level or the price of your target. Exit Target must be set at the minimum distance of 8 points away from Open Price. Note that Exit Target is calculated in price (not in point!). Exit Target can be left blank and filled in later.
  
  

To edit Take Profit, or Stop Loss level, click the position ID of your open order, then click "Change"







If you still do not understand / confused please ask the customer support (the user with "i" character or triangle in front of the nickname) that are online (24 hours 5 days a week).

To ask for help from customer support staff, click "Groups" in "Discussions" Tab on the upper side of trading software, then click "Support" or "International Support" channel, click OK. Please note that it is NOT "International" channel. Customer Support staff will only be available on Monday morning at 4 am (GMT +7) (DST) / 5 am (EST) until Saturday morning 4 am (GMT +7) (DST) / 5 am (EST)

Customer Support :


# The most Important thing when you are trading, please consider carefully the amount of "Available Margin" in "portfolio tab". Make sure Available Margin (availability of funds to withstand loss is not approaching 0! As when it is reaching 0, all of your open positions will be automatically closed forcefully by the broker (Closed by Margin Call). This means you will suffer a great loss if your fund / margin is not adequate. Therefore we strongly emphasize that you must carefully calculate availability of margin and amount of used lots. It will be dangerous if you use too large contract size / lot. To be safe, use approximate of 10% -50% of your capital. For example : $ 1,000 capital should use $100 margin (10% from 1000). $100 margin means to use 10000 quantity (1:100 leverage). If you want to use $200 margin (20% of $ 1,000 equity capital) then the formula is 100x margin you want to use (as the leverage used is 1:100) = 100 x 200 = 20,000 quantity. This means that the rest $800 ($1000-$200 margin) is your "Available Margin". Detailed explanation of Margin Call can be found in the Forex Tutorial 2