Lesson

How to Start Trading

With the ability to trade rising and falling prices, use leverage and access hundreds of instruments, an ever increasing number of investors are taking advantage of the versatility of trading Forex and CFDs.

In this introductory course you will learn how you can place a trade on BDSwiss’ Mobile App, WebTrader and MT4.

Please be aware that the following information and examples are for illustration purposes only and should not be considered as trading advice. It’s important to remember you’re merely trading contracts with BDSwiss, not physically trading in the underlying market. This means you don’t actually own the underlying asset. Before investing in these products you should ensure that you understand all the risks involved taking into account your investment objectives and level of experience.

Opening an Account
Once you are ready to start trading, you will need to open a BDSwiss account. This account will grant you access to the BDSwiss CFD trading platform.

You can setup your account and start trading today by following these three steps:

Step 1: Open your CFD Account
You first need to register for an account. After your registration you will also receive your login details for MetaTrader 4. Open your account HERE

Step 2: Take an Appropriateness Test and Verify your Identity

Before you start trading you first need to take an Appropriateness Test to assess whether you fully understand the risks involved in trading. As a regulated broker we have the obligation to know who our customers are, which is why we require you to verify your identity. Once your account is confirmed you will be able to login and access your dashboard where you will see an overview of your account/s and make new deposits or withdrawals.

Step 3: Make a deposit
Once your information and identity have been successfully verified, your account will be activated. You will then be able to make a deposit and activate your Forex/CFD account.

Placing a trade on the BDSwiss Mobile App

The BDSwiss mobile app features a single-click trading functionality providing a faster, simpler and more engaging way to trade forex and cryptocurrency pairs. On a single screen, you will also be able to manage your positions, deposit and withdraw funds, access support and update your personal data.

To start trading on the BDSwiss Mobile App you first need to install the app from the App Store or Google Play. If you haven’t registered for a BDSwiss account, you can do so on the app. If you already have a BDSwiss account just use the same credentials to login.

How to place a trade:

Step 1: Choose the forex or cryptocurrency pair you wish to trade

Step 2: Choose your investment amount and leverage/multiplier ratio. A higher leverage/multiplier ratio will enable you to place much larger positions using the same equity.*

Step 3: Click ‘BUY’ if you think the price of the pair will increase in value or ‘SELL’ if you think the price will fall in value

!Important: By clicking on one of the two buttons, you will complete your order and your position will be opened.


*Please be aware that by increasing your leverage ratio you are able to increase your profits but in the same time you are also increasing your losses. Please ensure you fully understand the risks and take care to manage your exposure.

Placing a trade on the BDSwiss MT4

The BDSwiss Forex MetaTrader 4 trading platform can be downloaded for free on both mobile and desktop devices.  MT4 provides plentiful tools and resources that allow traders to analyze price, place and manage trades, and employ automated trading techniques.

 

Download Version of MT4 for your PC

  • PC or  MAC
  • Your capital is at risk

Download our MT4 mobile app on your mobile device:

 

After the download has finished, the installing window should open automatically. If this doesn’t happen, please navigate to your download folder and double-click on the file “BDSwiss Forex MT4”.

Please read the license agreement and agree to it by clicking on the checkbox. Click “Next” and once the installation process is finished click “Finish” in the installation window and wait for a moment until the BDSwiss Forex MT4 Trading Platform opens.

Once the MT4 application launches, just sign in with your access data. Your login details have been sent to your email account and can also be found on your account dashboard.

How to place a trade:

Step 1: Open the order window by clicking on “New Order” in the toolbar (Alternatively press the F9 key in the desktop version)

Step 2: Press CTRL+U to bring up the symbols window. A drop-down menu gives you the opportunity to select your desired underlying asset.

Step 3: Select the number of standard contracts (lots) you wish to trade. At this point you may also wish to set your maximum Stop-Loss or Take-Profit limits, so that your position will close automatically upon reaching these levels.

Step 4. Place Your Position: Click ‘BUY’ if you think the price of your selected asset will increase in value. Click ‘SELL’ if you think the price of your selected asset will fall in value
!Important: By clicking on one of the two buttons, you will complete your order and your position will be opened.

How to place a trade on MT4:

 

Placing a trade on the BDSwiss WebTrader

Enjoy the basic functionality of the popular MetaTrader 4 platform, directly in your browser with BDSwiss’ WebTrader.

How to place a trade:

STEP 1: Select an asset

Login using your BDSwiss account credentials find your Live Forex Account and select the “WEB TRADER” platform. Choose the asset you would like to trade with from the Assets Tab on the right.

STEP 2: Choose Your Investment Amount

Click on the “New Order” icon and select your investment amount. Remember that the volume of your trade is always expressed in lots.  At this point you may also wish to set your maximum Stop-Loss or Take-Profit limits, so that your position will close automatically upon reaching these levels. Simply click on the arrows to expand the window and set your preferred SL and TP.

STEP 3: Place Your Position: Click ‘BUY’ if you think the price of your selected asset will increase in value. Click ‘SELL’ if you think the price of your selected asset will fall in value
!Important: By clicking on one of the two buttons, you will complete your order and your position will be opened.
How to place a trade on BDSwiss’ WebTrader: