Okay, so this is a demonstration video for all of you using the C trader platform. And very, very similar to the MT four platform, but some slight differences. So I'm going to talk you through those differences. And again, to bring you up to speed with using it and to give you the confidence to use it. But as I mentioned to the guys, learning the MT four platform, the best way to really solidify your learnings is to open up a demo account, get playing around with it, place some trades, take them off for just your stop losses, etc, etc. But let's go through the 10 points that I want to go through that I feel you need to know in order to get yourself fully set up in a similar way to what we're seeing here.

So first and foremost is the color scheme. And again, similar right click functionality on the chart will give you the ability to then drop down to color options. When you scroll across you have the ability to then select your background color, foreground color grids, Period separators the ball outline the bare outline the ball, fill the bare fill again, you don't really need to know too much about these. But if you want to have your charts looking very similar to mine, then all you need to do now is copy and adjust your colors to what you're seeing here. So a white background black foreground, no grid, black blue light line black bear outline green for the bull candles red for the bear candles. Once you've done that, you will notice that your chart color changes.

Again, it's always useful to use a template. So if we open up a new chart and we haven't got our color scheme, we can quickly adjust that so to save your template, right click again. Go to template and go across to Save Template that's where you can just pop your own name and click on Save. And that will keep a remember the name of your template. So When you come onto a new chart, such as dollar yen, we notice that it's got a black background, I want to bring it back to my color scheme. So how do I do that I right click, I go back to template, and I click on a previous template that I've saved, which is Tom.

And that brings me back to my color scheme. So that's how we save our template. And that's how we add a template to a new chart. How do we add a new job as you just seen, they're very, very easy. If you click on this plus sign here, it will add a new chart and then you can you can select from a drop down of currencies so very, very easy to add a number of different charts along the top so you can flick between them very, very time efficiently in regards to what time frame to trade off again, timeframe doesn't really matter when trading the news however, again, I like the hourly chart. So in order to select a different timeframe, all you need To go is to this little box here it says haitch, one at the minute, and then that will drop down all of the different time frames you can select from.

I personally like the hourly chart, so I'm going to click on the hourly chart, and that will then realign my chart. So every candle represents an hour's worth of movements in the exchange rate. So that's how you flick between the timeframes. But again, the timeframe you execute a trade off is irrelevant when trading the news. In regards to getting one click trading I when you click the button, you go into the market very quick and effectively, it's slightly different to the MT four platform. You'll notice up here there's a little hand that little hand is currently set to single click, meaning that when I click on a trade or I go into a trade, I only need to click the button once and it gets me into the trade very, very quickly.

Now you do need to remember to be careful with that because you don't want to be getting into trades at the wrong time or by accident. So just be cautious with that. However, when you are trading the news when Know how important it is to get the most efficient entry into the market. So one click trading for me is ideal how you do that if you've not automatically set to one click trading is just left click on it. And you'll notice you flick through several options. When you see the one green tick, it means that you've got one click trading, for those of you a bit nervous or have got a shaky hand then you may want double click trading, which is the two tix meaning that when you go into a trade, you have to click it twice to go into it.

I'm going to set it to one because that's what I personally like. And now I've got one click trading sorted. Now before we go into trade, remember, we always need to set our trade size or our position size again go through the risk management section to understand that, how do we do that? Well, on the chart that I'm on, if you hover over the sell price or the buy price, you'll notice that it then it brings up a drop down box. It's here that you put your volume in or your units in because remember c trader is involved. More units, not in lots like we saw with empty for.

Again, remember the online calculator will help you work out how many units all you do is copy that number from the online calculator and pop it into the box here, you've also got a drop down where you can select from a variety of different things, but the copy and paste works a little bit easier for you. So you pop that in and now you know that you've got your risk management or your trade size spot on based on your calculations. So that's where you put your trade size in. Now, in regards to execution, a similar process, we've got the two prices we've got the best price to sell out and we've got the best price to buy out. So again, remember when we go into a trading event, we know the direction we want to trade on a particular currency pair if the news comes out in a certain way, so we will already know the direction so it's just a matter of pulling the trigger at the point that that news comes out and meets our preset criteria.

I our plan comes together because And use those as what we expect. So when we get that again, I'm just going to take a by trade in this particular example. It's not a real trade it's just to show you the execution on the C trader platform. So I've already done my homework, I've created my trading plan, The news comes out, it's good, and I'm going to buy dollar yen. So I click on buy it's one click trading, and that has put me into the trade. Now notice that it's automatically put my target 80 pips above my stop loss 80 pips below, you're probably thinking, well, how did it work out?

Well, I've preset it to work that out. So how you do that is you go up to this little hand here, which says order execution settings. Click on that. And it gives you the ability it says quick trade execution settings. This is what's really useful about this particular platform is it gives you the ability to put your stop loss in and your take profit in at a certain level of pips, so every time you take a trade it will know where to put your stop. where to put your target.

So that's a wonderful, wonderful thing. So preset that before you take before you take a trade, click on this little hand here where it says order execution settings, left click and then enter 80 pips here for your stop loss and 80 pips for your target. That means you don't have to worry about putting a stop or your target arm because it will automatically be done at the point that you execute the trade. Now in regards to moving your stop loss, remember we've got to manage the trade. So the first management technique is if a trade goes 40 pips to our to our target or halfway, we will then move our stop loss to break even. So notice here we're a hover over this sl, which stands for stop loss, you can hold your left cursor down and start to move it so you can then put it to break even very, very easily in a similar fashion to what you learnt on the MT four platform.

I'm going to pop it back into position, so 80 pips, but that's how you will drag your stop loss into position or to at least breakeven when the trade has gone 40 pips in your direction. Now what about the second management technique of closing a position if it hasn't gone 40 pips in your favor or hasn't gone and stopped you out for 80 pips? So if the trade just really hasn't gone anywhere, and it's stagnating, and it's not done as you expect, we really just want to cut that and move on to the next opportunity. So how do you cut it? Well, if you hover over the actual entry price, you'll notice that you've got a little x here. That means if you click on that x, you will close this position also down at the bottom here, which shows me visibility of the trade I've just taken.

I've also got a little box there it says close if I click on that it will close the trade or if I click on this little x here, it will close the trade. So I'm going to close the trade just like this by clicking remember I've got one click trading and my trade is gone. As you can see, it's rapid SOS Fast in terms of getting in and getting out, which we know is massively important in terms of maximizing our gains on the trade. So the FX pro c trader is a very, very fast platform slightly faster than your mt four. The only downside with the C trader platform is you are charged a small commission, you're not charged to Commission's on the MT four platform but you get slightly larger spreads. So there is pros and cons to both.

And my suggestion is always go with the platform that you're most comfortable with have a play with both download the demo accounts of both how to play with both and see what your preferences but they're both very fast. The Mt. Four platform has slightly larger spreads, but no commissions. The C trader obviously has the Commission's but very, very low spreads. So there's pros and cons to both. So that really brings you up to speed on the C trader platform.

And the other video that I've done as well prior to this was the MT four platform so if you haven't checked out yet go and have a look at that. And get stuck in go away have a practice get brilliant at using this platform because you want to be confident at placing trades because confidence equates to speed of execution and speed of execution equates to greater profits. So I'm going to wrap up there and catch you on the next video.