The ChoosaBroker Trading Academy

1. An Introduction to Financial Markets (Module 1)
1.1. An Introduction to Financial Markets 1.2. Historical Perspective 1.3. Portfolio Management 1.4. Diversification 1.5. Power of Compounding
2. Breakdown of Asset Classes (Module 2)
2.1. Foreign Exchange 2.2. Stocks 2.3. Indices 2.4. Commodities 2.5. CFDs Contract for Difference 2.6. Bonds 2.7. Cryptocurrencies 2.8. Futures and Options 2.9. ETFs
3. Categories of Financial Market Participants (Module 3)
3.1. Speculators 3.2. Investors 3.3. Hedgers 3.4. Arbitrageurs 3.5. Institutional Players
4. Portfolio Management (Module 4)
4.1. Theory and Importance of Portfolio Management 4.2. Asset Allocation 4.3. Risk Management 4.4. Retirement Planning
5. Introduction to Forex (Module 5)
5.1. How the Forex Market Works 5.2. Benefits and Drawbacks of the Currency Market 5.3. Major Pairs and Time Zones 5.4. Basic Forex Trading Concepts 5.5. Leverage and Margin Trading 5.6. Forex Market Strategies
6. Introduction to Stocks and Indices (Module 6)
6.1. How the Stock Market Works 6.2. Commonly Used Terms 6.3. Primary and Secondary Markets 6.4. Regulatory Framework 6.5. Financial Intermediaries 6.6. Clearing and Settlement Process 6.7. Index Composition
7. Introduction to Commodities (Module 7)
7.1. How the Commodity Market Works 7.2. Understanding Derivatives and Futures Pricing 7.3. Global Commodity Exchange 7.4. Agricultural Commodities 7.5. Non-Agricultural Commodities 7.6. Precious and Non-Precious Metals 7.7. Factors That Affect Commodity Prices
8. Introduction to CFDs (Module 8)
8.1. Types of CFDs 8.2. Basic Concepts of CFD Trading
9. Introduction to ETFs (Module 9)
9.1. How ETFs Work 9.2. How to Select ETFs
10. Different Forms of Asset Analysis (Module 10)
10.1. What is Technical Analysis? 10.2. What is Fundamental Analysis? 10.3. News Trading 10.4. Earnings Trading
11. Basics of Technical Analysis (Module 11)
11.1. How to Identify Support-Resistance Levels 11.2. Understanding Trends 11.3. An Introduction to Classical Chart Patterns 11.4. Overview of Candlestick Patterns 11.5. Different Types of Technical Indicators 11.6. Fibonacci Levels 11.7. How to Build a Trading Plan 11.8. Importance of Controlling Risk in Trading
12. Basics of Meta Trader 4 (Module 13)
13.1. How to Get Started MT4 13.2. How to Create and Adjust Charts 13.3. How to Place an Order 13.4. Basic Performance Monitoring on MT4 13.5. Risk Management Tools 13.6. MT4 Webtrader Basics
13. Advanced Meta Trader 4 Tools (Module 14)
14.1. How to Place Special Orders 14.2. Setting Asset Alerts and Rules 14.3. Adding Technical Indicators 14.4. Using Expert Advisors 14.5. Keyboard Shortcuts 14.6. MT4 Mobile Application

14.2. Setting Asset Alerts and Rules

Traders must constantly be aware of significant market events and price movements. One way to keep tab of big market moves is to create price alerts on MetaTrader 4so that if and when one occurs, you are instantly informed to take action that best suits your market outlook. Price alerts also provide the additional luxury to a trader to not stay glued to their trading screens for the entirety of a session.

Setting MetaTrader 4 Alerts

MetaTrader 4 alerts can be easily constructed. Follow the simple detailed guide below:
Open the “Terminal” window by pressing CTRL + T on the computer keyboard. “Terminal” can also be accessed through View > Terminal on the top left-hand corner of the platform. Once open, click on the “Alerts” tab on the “Terminal” pane. Next, right-click on the “Alerts” window and select “Create,” as illustrated in the figure below.

  • The “Alert Editor” window should pop-up, with a list of different parameters that need to defined to create the alert:
  • Enable – Check the box to initiate the alert.
  • Action – Designate an action like play a sound, send an email or run a file once the alert criteria are fulfilled.
  • Symbol – Pick the underlying asset from a drop-down list for which you want to activate the alert.
  • Condition – Specify the conditions matching which the alert will set-off. Each of these price conditions will be briefly enumerated later in the lesson.
  • Value – Set a price point for the “Condition.” When the security price equals this value, the alert will be triggered.
  • Source – Assign a specify action path. For example, if an alert is to be intimated by email, the trader can feed in the message he or she will receive with the email.
  • Maximum Iterations – The number of times the alert will repeat before it deactivates.

Setting MetaTrader 4 Alert Prices

  • Ask> – The “ASK” rate is higher than the pre-defined value. Once the current “ASK” quote exceeds the specified value, the alert will trigger.
  • Ask< – The “ASK” rate is lower than the pre-defined value. Once the current “ASK” quote falls below the specified value, the alert will be activated.
  • Bid> – The “BID” rate is higher than the pre-defined value. Once the current “BID” quote exceeds the specified value, the alert will trigger.
  • Bid< – The “BID” rate is higher than the pre-defined value. Once the current “BID” quote declines below the specified value, the alert will be activated.
  • Time = – Alerts can also be created for time. Once a specified time is reached, the alert will trigger.Once all of the above fields have been entered, click on the “Test” button to ensure the “Alert” works properly. Press “OK” to close the window.

Ready to start trading? Compare our brokers or check out the leading trading platform brokers!