How To Buy/Sell On RoboForex

How to start trading on the RoboForex platform?

RoboForex Review

Open an account

Your capital is at risk.

To start trading on the RoboForex platform, a trader must open a demo or a real account. The minimum deposit to trade on a real account is $10. For beginner traders, it is best practice to open a demo account before opening a real one. This is because the demo account is free, and traders can trade different instruments as they would with a real account. Again, it is the best account for traders who want to learn how to buy and sell on RoboForex.

If you can trade comfortably on a demo account, you can do the same on a real account. Let's look at how to open an account (demo or real) on RoboForex, then illustrate how to trade Forex on RoboForex.

Step 1: Visit the official page of the RoboForex investment platform

RoboForex website

Step 2: Click open account, enter your details, and click register when you are done accessing the RoboForex membership area.

RoboForex website

If you are already registered, you simply need to click the sign-in button, provide your login information, and log in.

Step 3: In your membership area, click on accounts

Since we are opening a demo account first, for now, select demo accounts. But you will follow the same procedure to open a real account when you are ready to trade on a live account.

RoboForex website

Step 4: Click on confirm when you are done to start trading, but you will have to download the MT4 or MT5 trading platforms, depending on your choice

RoboForex website

Step 5: Launch your trading platform and enter the demo login details sent to your email

Demonstration of how to trade on RoboForex with an example

Below is an example explaining how to trade Forex on RoboForex.

Step 1: Log in with your demo details in the MT4 platform you downloaded

how to trade Forex RoboForex

Step 2: Select the asset (currency pair) you want to trade

how to trade Forex RoboForex

Step 3. Use different time frames to identify potential larger trends and finer-grained price action

how to trade Forex RoboForex

Step 4. Personalize the lines by selecting the best indicators and the candles that you like. Study the market before you proceed.

how to trade Forex RoboForex

Step 5: Double-click or select the currency pair to open the purchase window. Set the symbol, volume, stop loss and take profit, add a comment, and market type

how to trade Forex RoboForex

Step 6: Depending on your analysis and strategy, select sell by market or buy by market option

how to trade Forex RoboForex

Available trading instruments on RoboForex

A trader learning how to buy/sell on RoboForex must have in-depth knowledge of the different trading instruments. Below are the available trading instruments on RoboForex.

• Stocks (Amazon, Netflix, Meta, Google, Microsoft, etc)

• Energy commodities (ethanol, natural gas, and other energy trading assets)

• Metals (XAUUSD, XAGUSD, over 20 ETFs on platinum, palladium, copper, nickel, etc.)

• Indices

• Futures

• ETF

• Commodities

• Currencies

RoboForex trading platform and features

Roboforex is a reputable forex broker that provides customers with a large selection of investment products and online trading platforms. The FSC regulates the business under license number 000138/437 and registration number 000001272; address: Belize City, Belize; Belama Phase 1, 2118 Guava Street. They incorporate leading trading platforms that will benefit novice and seasoned traders. Below are the trading platforms available on RoboForex and their features.

How much does it cost to trade on RoboForex?

The cost of trading on Roboforex varies depending on a few factors, even though it provides cutting-edge technologies, expert support, and competitive trading fees. These include spreads, swaps, and commissions.

• 1

  Spreads

  The difference between the asking (buying) and bidding (selling) prices is known as a spread

• 2

  Swaps

  Swaps, also known as rollover rates or overnight financing fees, can influence the cost of trading in both the Forex and stock markets. Swaps are the interest rate differentials between the two currencies (Forex) or the underlying assets (stocks) involved in a trade. In Forex trading, when you hold a position overnight, you may either receive or pay interest, depending on the interest rate differentials between the two currencies. If the swap fee is high, then your profits are affected.

• 3

  Commission

  Stock traders typically have to pay a commission for each transaction when purchasing and selling assets. While some forex brokers offer commission-free trading, others offer commission-based accounts, where traders must pay a fixed commission per trade on top of the spread.

The swap charge for rolling over a position overnight is determined by the length of the position and the interest rates of the underlying currencies involved in the trade. For example, on the Roboforex Pro-Standard account, when you go short on the EUR/USD and GBP/USD, the swap is 0,19 and 0,1, respectively. When you go long, the swap is “EUR/USD: -0,76, GBP/USD: -0,41.”