Can I make millions of dollars from this market?

Hello guys, most of the new traders always think about this thing that they will be able to make millions of dollars overnight and their life and lifestyle will be changed soon. The will live luxurious life with the help of forex trading, and they take it easy that everything is possible with only 1$ investment, but it is absolutely wrong.

There are hundred of thousand people on internet giving good thoughts about forex market and the lucrative advertisements and showing people with luxurious car, luxurious life and they are forex trader??? No, not all the forex traders making that much money, this market also have so much influence of market makers. It is a hidden truth that some brokers and big financial institutions vibrate the market and in result of that fluctuation, so many traders fall, just like fruits from trees.

Forex 52 weeks plan

Its seems to be very much good that traders are earning good money and they are running their houses on the basis of forex trading, but the fact is that, it will need a lot of time to do analysis of market. After proper analysis of market and understanding the chart patterns, the trader will be able to make some bucks from market, but it is another truth that when a trader is a newbie and he is trading in market with little information, then by luck, he makes good amount of money, I personally have seen so many people including myself, I also made a handsome amount of money from forex market when I was newbie and didn't even know about orders executions. (It is not an invitation to enter in market without experience).

Internet is full with this kind of plans and charts that a trader can earn millions of dollar with the help of only one dollar investment, but it is not true, almost all the brokers do not allow you to get profits more than your investment. Only a few brokers will give you that advantage, but the amount will be limited in that case. This is only a dream and nothing.

What is meta trader? How to use it?

What is meta trader? this is an electronic platform that is used to execute your orders in online market, this is a software that directly connected with your broker and then you insert your order and it place in market on behalf of you. 

There are several software in market that brokers are giving free of cost. I am talking about international brokers, not local brokers, because some local brokers in your country may charge you some amount of money for the meta trader they have, some brokers are still offering the old version of meta traders.

Meta trader 4

What I know about meta traders, I have found that meta trader 4 is the best. Although meta trader 5 is available in market and with some brokers, but mostly traders prefer meta trader 4, what is the difference? there are only a few differences between these two meta traders. Most of the differences related to order execution. 

You will see some difference in meta trader 5, that the tabs which you can see below the meta trader will be a bit different from meta trader 4, the order execution will also be different, but one main thing that you can not do in meta trader 5 is, Hedge, this is a thing that you can do in metatrader 4, but not in metatrader 5. This is one kind of trading technique, that will be used in your trading session, when your account is in critical condition. But if you are using metatrader 5, then I am sorry to say, that you will need to replenish the account with big amount to secure the remaining amount, otherwise you will lose your whole account. Below is a picture of metatrader 5.

Meta Trader 5