Before your first trade
Four things are worth settling between the account opening and the first order. Done in sequence, they leave nothing to decide at the moment of the trade.
1. Install MT5 and log in
The server is AxiaPhoenixFine-MT5. Log in with your account number and password, and confirm the chart is updating.
2. Narrow to one symbol
There is no need to watch several. Picking USDJPY or EURUSD gives you a single baseline to compare against.
3. Set your per-trade limit
Decide what share of your capital you can lose on one trade and keep going. Stop distance and lot size follow from that figure.
4. Run one trade at minimum size
Open 0.01 lots, attach a stop and a target, and see it through to the close. Gaps in the process are cheap to find at that size.
This column is provided for information only and is not a recommendation of any trade or method. Trading decisions are your own responsibility.
Getting started is simple
Opening an account is free and the application is completed online in 3 to 5 minutes.
Foreign exchange trading carries the risk of losing your invested capital, and higher leverage increases that risk. Please consider the risks carefully and trade only within a range of loss you can bear.
Past performance neither indicates nor guarantees future results.
This website is not directed at residents of Japan. AXIA PHOENIX FINE PROJECT does not provide services to residents of certain jurisdictions, including the United States, Afghanistan, Belarus, Burma, the Central African Republic, Congo, Cuba, Egypt, Guinea, Iraq, Iran, Lebanon, Libya, Mauritius, North Korea, Pakistan, Somalia, Sudan, Syria, Venezuela, Yemen and Zimbabwe.