How to make your first trade on Tradengine?

These days many amateur or advanced traders are making money from trading in different markets. Generally when speaking of making money with trading and complicated expressions our mind may go around professional activities that ordinary people may not be able to go through it, but that is not true.

In this tutorial we are going to show you that making money from trading in global markets is not very complicated and anyone with a little effort can make profitable trades. Generally learning to trade on a binary options platform is not difficult and does not require a lot of knowledge. What matters in trading successfully is your genius and your analysis power. In this article we are going to learn how to make your first trade on Tradengine with simple words.

How to make your first trade on Tradengine?

To start trading binary options with a variety of assets available on this broker you first need to set up an account on Tradengine. Then you should follow the instruction below step by step.

  1. sign in to your trading panel.

    Login to your trading panel. At first look the panel might seem a little confusing. Tradengine first trade

  2. Trade menu and price movement chart

    At the right of your panel you can see the trade creation menu and at the left you can view the trading tools. In the middle of the panel there is the trading asset’s price chart indicating the asset’s prices at any moment. For example in the image below you can see BTC/USD price chart moving any moment. Tradengine first trade

  3. make a deposition

    To start a trade you need to deposit into your real account or demo account. You do not need to be worried about losing your capital since Tradengine enables users to go through a demo account in order to practice and develop trading skills. So you can charge your demo account and make your first trade without risking your capital. Tradengine first trade

  4. Insert the desired trading capital

    In the trading deposit field, insert the amount of capital you want to make the trade with. When you do so you can see the amount of your profit, in case you win the trade, in the profit price section. You also can determine your prediction time period and set your desired time frame.Tradengine first trade

  5. Choose an option

    Notice the price chart fluctuations and consider the chart trend to decide whether the price would move higher or lower than the current price in the next minute. In case you feel that the asset’s price will be higher in one minute choose “Up” and if you feel otherwise choose “Down”. When you choose one of the options you can see a green or red line forming in the price chart for the next one minute. In the meantime you can see a pending trade on the trading history section. Tradengine first trade

  6. monitor your position outcome

    If the price stops at a higher point than the green line, in case of choosing “up” option, or if the price stops at a lower point than the red line, in case of choosing “Down” option, you win the trade and you will make a profit. Your initial capital and your profit would be deposited into your account. Otherwise, you will lose your capital. Tradengine first trade

You have the option to change the time frame from the time frame line at the bottom of the chart in order to predict the movements in a longer period of time.

Tradengine first trade

So all you need to do is to determine the price direction accurately. This is the easiest type of analysis in binary options trading which is called mental technical analysis. However there are a variety of technical analysis indicators and tools with simple instruction and training available on Tradengine to help traders make more accurate predictions and decisions.

It is suggested not to go through trading with a real account immediately. Before starting your first trade with a real account make sure you have practiced enough with a demo account. With a demo account you can make trades with different time frames over and over again without risking your capital.

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