Resources

Trading Tools

At ICM we continuously strive to offer services that support you when trading with us. That includes our Pip Calculator which helps you to calculate the value of a pip depending on the currency pair and the lot size of your transaction.

You will also find a Pivot Calculator which is simple to use and designed to calculate pivot points in only a few seconds. In addition, you can access our Economic Calendar to help you to track the occurrence of market-moving events. You can use the Trading Signals feature on the MT4 platform which helps you subscribe to the signal feeds of other traders also using the system.

 

Economic Calendar

GMT+1 Currency Event Actual Forecast Previous Imp.
02:00 NZD Net Debt Forecast   40.30% 38.50%
04:00 IDR M2 Money Supply (YoY)     6.40%
05:00 AUD RBA Assistant Governor Jones Speaks         
06:00 SGD Core CPI (YoY) (Aug)   3.50% 3.80%
06:00 SGD CPI (MoM) (Aug)     -0.20%
06:00 SGD CPI (YoY) (Aug)   4.0% 4.1%
07:00 NOK M3 Money Supply (Aug)     3,118.3B
07:00 NOK Credit Indicator (YoY) (Aug)     4.2%
08:00 EUR Spanish PPI (YoY)     -8.4%
09:00 EUR German Business Expectations (Sep)   82.8 82.6
09:00 EUR German Current Assessment (Sep)   87.9 89.0
09:00 EUR German Ifo Business Climate Index (Sep)   85.1 85.7
11:00 GBP CBI Distributive Trades Survey (Sep)   -33 -44
12:25 BRL BCB Focus Market Readout      
12:30 BRL Current Account (USD) (Aug)     -3.60B
12:30 BRL Foreign direct investment (USD) (Aug)     4.20B
13:00 BRL FGV Consumer confidence (Sep)     96.8
13:30 USD Chicago Fed National Activity (Aug)     0.12
13:55 EUR French 12-Month BTF Auction     3.773%
13:55 EUR French 3-Month BTF Auction     3.830%
13:55 EUR French 6-Month BTF Auction     3.828%
14:00 EUR ECB President Lagarde Speaks         
14:00 EUR ECB's Schnabel Speaks         
15:30 USD Dallas Fed Mfg Business Index (Sep)     -17.2
16:30 USD 3-Month Bill Auction     5.315%
16:30 USD 6-Month Bill Auction     5.300%
22:00 KRW Consumer Confidence (Sep)     103.1
23:00 USD FOMC Member Kashkari Speaks         
GMT+1 Currency Event Actual Forecast Previous Imp.
00:50 JPY Corporate Services Price Index (CSPI) (YoY)     1.7%
02:00 KRW BOK Financial Stability Board Meeting Minutes      
06:00 JPY BoJ Core CPI (YoY)   3.2% 3.3%
06:00 SGD Industrial Production (YoY) (Aug)   -3.1% -0.9%
06:00 SGD Industrial Production (MoM) (Aug)   -1.7% 4.1%
08:00 EUR ECB's Lane Speaks         
08:00 ZAR Leading Indicators (Jul)     108.30%
09:30 HKD Exports (MoM) (Aug)     -9.1%
09:30 HKD Imports (MoM) (Aug)     -7.9%
09:30 HKD Trade Balance     -30.0B
10:30 EUR Italian 2-Year CTZ Auction     3.630%
10:30 EUR German 5-Year Bobl Auction     2.560%
12:00 BRL BCB Copom Meeting Minutes      
13:00 USD Building Permits   1.543M 1.443M
13:00 USD Building Permits (MoM)   6.9% 0.1%
13:00 BRL Mid-Month CPI (MoM) (Sep)     0.28%
13:00 BRL Mid-Month CPI (YoY) (Sep)     4.24%
13:30 CAD Manufacturing Sales (MoM)       1.6%
13:30 CAD Wholesale Sales (MoM)       0.2%
13:55 USD Redbook (YoY)     3.6%
13:55 EUR German Buba Wuermeling Speaks         
14:00 USD House Price Index (YoY) (Jul)     3.1%
14:00 USD House Price Index (MoM) (Jul)   0.5% 0.3%
14:00 USD House Price Index (Jul)     405.8
14:00 USD S&P/CS HPI Composite - 20 s.a. (MoM) (Jul)     0.9%
14:00 USD S&P/CS HPI Composite - 20 n.s.a. (MoM) (Jul)     0.9%
14:00 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Jul)   0.2% -1.2%
15:00 USD CB Consumer Confidence (Sep)   105.9 106.1
15:00 USD New Home Sales (MoM) (Aug)     4.4%
15:00 USD New Home Sales (Aug)   700K 714K
15:00 USD Richmond Manufacturing Index (Sep)     -7
15:00 USD Richmond Manufacturing Shipments (Sep)     -5
15:00 USD Richmond Services Index (Sep)     4
15:30 USD Dallas Fed Services Revenues (Sep)     16.2
15:30 USD Texas Services Sector Outlook (Sep)     -2.7
18:00 USD 2-Year Note Auction     5.024%
18:00 EUR German Buba Wuermeling Speaks         
18:30 USD FOMC Member Bowman Speaks         
21:30 USD API Weekly Crude Oil Stock     -5.250M
22:00 KRW Manufacturing BSI Index (Oct)     67
GMT+1 Currency Event Actual Forecast Previous Imp.
00:50 JPY Monetary Policy Meeting Minutes      
02:30 AUD Weighted mean CPI (YoY) (Aug)   5.20% 4.90%
02:30 CNY Chinese Industrial profit YTD (Aug)     -15.5%
06:00 JPY Coincident Indicator (MoM)     -1.1%
06:00 JPY Leading Index (MoM)     -1.2%
06:00 JPY Leading Index   107.6 108.8
07:00 EUR GfK German Consumer Climate (Oct)   -25.5 -25.5
07:00 NOK Unemployment Rate (Aug)     3.5%
07:45 EUR French Consumer Confidence (Sep)   84 85
08:00 EUR European Central Bank Non-monetary Policy Meeting      
09:00 CHF ZEW Expectations (Sep)     -38.6
09:00 EUR M3 Money Supply (YoY) (Aug)   -1.0% -0.4%
09:00 EUR Loans to Non Financial Corporations (Aug)     2.2%
09:00 EUR Private Sector Loans (YoY)   1.2% 1.3%
10:10 EUR Italian 6-Month BOT Auction     3.829%
10:30 EUR German 10-Year Bund Auction     2.630%
11:00 EUR France Jobseekers Total     2,816.6K
12:00 USD MBA 30-Year Mortgage Rate     7.31%
12:00 USD MBA Mortgage Applications (WoW)     5.4%
12:00 USD MBA Purchase Index     147.0
12:00 USD Mortgage Market Index     192.1
12:00 USD Mortgage Refinance Index     415.4
13:00 MXN Trade Balance (Aug)     -0.881B
13:00 MXN Trade Balance (USD) (Aug)     0.532B
13:00 EUR ECB's Enria Speaks         
13:30 USD Core Durable Goods Orders (MoM) (Aug)   0.1% 0.4%
13:30 USD Durable Goods Orders (MoM) (Aug)   -0.4% -5.2%
13:30 USD Durables Excluding Defense (MoM) (Aug)     -5.5%
13:30 USD Goods Orders Non Defense Ex Air (MoM) (Aug)     0.1%
13:30 BRL Bank lending (MoM) (Aug)     -0.2%
14:00 CHF SNB Quarterly Bulletin      
15:30 USD Crude Oil Inventories     -2.135M
15:30 USD EIA Refinery Crude Runs (WoW)     -0.496M
15:30 USD Crude Oil Imports     -3.042M
15:30 USD Cushing Crude Oil Inventories     -2.064M
15:30 USD Distillate Fuel Production     -0.229M
15:30 USD EIA Weekly Distillates Stocks     -2.867M
15:30 USD Gasoline Production     0.499M
15:30 USD Heating Oil Stockpiles     -0.109M
15:30 USD EIA Weekly Refinery Utilization Rates (WoW)     -1.8%
15:30 USD Gasoline Inventories     -0.831M
17:45 CHF SNB Chairman Thomas Jordan speaks      
18:00 USD 5-Year Note Auction     4.400%
18:30 BRL Foreign Exchange Flows     0.591B
GMT+1 Currency Event Actual Forecast Previous Imp.
00:50 JPY Foreign Bonds Buying     885.5B
00:50 JPY Foreign Investments in Japanese Stocks     -1,583.9B
01:00 NZD ANZ Business Confidence (Sep)     -3.7
01:00 NZD NBNZ Own Activity (Sep)     11.2%
02:30 AUD Retail Sales (MoM) (Aug)     0.5% 0.5%
04:35 JPY 2-Year JGB Auction     0.011%
06:30 EUR North Rhine Westphalia CPI (YoY) (Sep)   5.9% 5.9%
06:30 EUR North Rhine Westphalia CPI (MoM) (Sep)   0.3% 0.2%
07:00 NOK Core Retail Sales (MoM) (Aug)     -0.8%
08:00 EUR Spanish CPI (YoY) (Sep)     3.5% 2.6%
08:00 EUR Spanish CPI (MoM) (Sep)       0.5%
08:00 EUR Spanish HICP (YoY) (Sep)     3.4% 2.4%
08:00 EUR Spanish HICP (MoM) (Sep)       0.5%
08:00 EUR Spanish Retail Sales (YoY) (Aug)     7.3%
08:00 EUR ECB's Enria Speaks         
08:45 EUR ECB McCaul Speaks         
09:00 EUR Italian Business Confidence (Sep)     97.8
09:00 EUR Italian Consumer Confidence (Sep)     106.5
09:00 EUR Italian PPI (YoY) (Aug)     -10.2%
09:00 EUR Italian PPI (MoM) (Aug)     -0.1%
09:00 EUR Baden Wuerttemberg CPI (YoY) (Sep)   7.0% 7.0%
09:00 EUR Baden Wuerttemberg CPI (MoM)   0.3% 0.2%
09:00 EUR Bavaria CPI (MoM) (Sep)   0.3% 0.3%
09:00 EUR Bavaria CPI (YoY) (Sep)   5.9% 5.9%
09:00 EUR Brandenburg CPI (MoM) (Sep)   0.2% 0.7%
09:00 EUR Brandenburg CPI (YoY) (Sep)   6.7% 7.1%
09:00 EUR Hesse CPI (YoY) (Sep)   6.0% 6.0%
09:00 EUR Hesse CPI (MoM) (Sep)   0.2% 0.2%
09:00 EUR ECB Economic Bulletin      
09:00 ZAR SARB Quarterly Bulletin      
10:00 EUR Saxony CPI (YoY) (Sep)   6.8% 6.8%
10:00 EUR Saxony CPI (MoM) (Sep)   0.3% 0.3%
10:00 EUR Business and Consumer Survey (Sep)   92.5 93.3
10:00 EUR Business Climate (Sep)     -0.33
10:00 EUR Consumer Confidence (Sep)   -17.8 -16.0
10:00 EUR Consumer Inflation Expectation (Sep)     9.0
10:00 EUR Selling Price Expectations (Sep)     3.6
10:00 EUR Services Sentiment (Sep)   3.5 3.9
10:00 EUR Industrial Sentiment (Sep)   -10.5 -10.3
10:10 EUR Italian 10-Year BTP Auction     4.20%
10:10 EUR Italian 5-Year BTP Auction     3.79%
10:30 ZAR PPI (MoM) (Aug)     0.2%
10:30 ZAR PPI (YoY) (Aug)     2.7%
11:00 EUR Spanish Consumer Confidence     94.4
12:00 EUR Spanish Business Confidence     -6.6
12:00 BRL IGP-M Inflation Index (MoM) (Sep)     -0.14%
13:00 MXN Unemployment Rate (Aug)     2.90%
13:00 MXN Unemployment Rate n.s.a. (Aug)     3.10%
13:00 EUR German CPI (YoY) (Sep)     4.5% 6.1%
13:00 EUR German CPI (MoM) (Sep)     0.4% 0.3%
13:00 EUR German HICP (MoM) (Sep)     0.4% 0.4%
13:00 EUR German HICP (YoY) (Sep)     4.8% 6.4%
13:00 BRL BCB Inflation Report      
13:30 USD Continuing Jobless Claims   1,675K 1,662K
13:30 USD Core PCE Prices (Q2)   3.70% 3.70%
13:30 USD Corporate Profits (QoQ) (Q2)   1.6% 1.6%
13:30 USD GDP (QoQ) (Q2)   2.2% 2.0%
13:30 USD GDP Price Index (QoQ) (Q2)   2.0% 4.1%
13:30 USD GDP Sales (Q2)   2.2% 2.2%
13:30 USD Initial Jobless Claims   217K 201K
13:30 USD Jobless Claims 4-Week Avg.     217.00K
13:30 USD PCE Prices (Q2)   2.5% 2.5%
13:30 USD Real Consumer Spending (Q2)   1.7% 1.7%
13:30 CAD Average Weekly Earnings (YoY) (Jul)     3.6
14:00 USD Fed Goolsbee Speaks         
14:00 BRL Brazilian PPI (MoM) (Aug)     -0.82%
15:00 USD Pending Home Sales (MoM) (Aug)   0.3% 0.9%
15:00 USD Pending Home Sales Index (Aug)     77.6
15:30 USD Natural Gas Storage     64B
16:00 USD KC Fed Composite Index (Sep)     0
16:00 USD KC Fed Manufacturing Index (Sep)     12
16:30 USD 4-Week Bill Auction     5.280%
16:30 USD 8-Week Bill Auction     5.300%
18:00 USD 7-Year Note Auction     4.212%
18:00 USD Fed Governor Cook Speaks         
18:00 BRL CAGED Net Payroll Jobs (Aug)     142.70K
20:00 MXN Interest Rate Decision (Sep)     11.25%
21:00 USD Fed Chair Powell Speaks         
21:30 USD Fed's Balance Sheet     8,024B
21:30 USD Reserve Balances with Federal Reserve Banks     3.144T
GMT+1 Currency Event Actual Forecast Previous Imp.
00:30 JPY CPI (YoY) (Sep)     2.6%
00:30 JPY Jobs/applications ratio (Aug)   1.29 1.29
00:30 JPY Tokyo Core CPI (YoY) (Sep)   2.6% 2.8%
00:30 JPY Tokyo CPI (YoY) (Sep)     2.9%
00:30 JPY CPI Tokyo Ex Food and Energy (MoM) (Sep)     0.4%
00:30 JPY Unemployment Rate (Aug)   2.6% 2.7%
00:50 JPY Industrial Production (MoM) (Aug)     -0.8% -1.8%
00:50 JPY Industrial Production forecast 1m ahead (MoM) (Sep)     2.6%
00:50 JPY Industrial Production forecast 2m ahead (MoM) (Oct)     2.4%
00:50 JPY Large Scale Retail Sales YoY (YoY) (Aug)     6.0%
00:50 JPY Retail Sales (YoY) (Aug)   6.6% 6.8%
02:30 AUD Housing Credit (Aug)     0.3%
02:30 AUD Private Sector Credit (MoM) (Aug)   0.3% 0.3%
02:45 CNY Caixin Manufacturing PMI (Sep)     51.0
02:45 CNY Caixin Services PMI (Sep)     51.8
02:45 CNY Chinese Composite PMI     51.7
03:00 SGD Bank Lending     786.5B
03:00 NZD M3 Money Supply (Aug)     403.4B
06:00 JPY Construction Orders (YoY) (Aug)     8.7%
06:00 JPY Household Confidence (Sep)   36.2 36.2
06:00 JPY Housing Starts (YoY) (Aug)   -8.9% -6.7%
07:00 GBP Business Investment (YoY) (Q2)   6.7% 5.8%
07:00 GBP Business Investment (QoQ) (Q2)   3.4% 3.3%
07:00 GBP Current Account (Q2)   -14.5B -10.8B
07:00 GBP GDP (YoY) (Q2)   0.4% 0.2%
07:00 GBP GDP (QoQ) (Q2)   0.2% 0.1%
07:00 GBP Nationwide HPI (YoY)     -5.3%
07:00 GBP Nationwide HPI (MoM)     -0.8%
07:00 EUR German Import Price Index (MoM) (Aug)   0.6% -0.6%
07:00 EUR German Import Price Index (YoY) (Aug)     -13.2%
07:00 EUR German Retail Sales (MoM) (Aug)   0.5% -0.8%
07:00 EUR German Retail Sales (YoY) (Aug)     -2.2%
07:00 ZAR M3 Money Supply (YoY) (Aug)     9.30%
07:00 ZAR Private Sector Credit (Aug)     5.87%
07:45 EUR French Consumer Spending (MoM) (Aug)     0.3%
07:45 EUR French CPI (YoY) (Sep)     5.0% 4.9%
07:45 EUR French CPI (MoM) (Sep)       1.0%
07:45 EUR French HICP (MoM)     -0.2% 1.1%
07:45 EUR French HICP (YoY)     5.9% 5.7%
07:45 EUR French PPI (MoM) (Aug)     -0.2%
07:45 EUR PPI (YoY) (Aug)     0.90%
08:00 CHF KOF Leading Indicators (Sep)     91.1
08:00 CHF Official Reserves Assets (Aug)     768.2B
08:40 EUR ECB President Lagarde Speaks         
08:55 EUR German Unemployment Change (Sep)   14K 18K
08:55 EUR German Unemployment Rate (Sep)   5.7% 5.7%
08:55 EUR German Unemployment (Sep)     2.630M
08:55 EUR German Unemployment n.s.a. (Sep)     2.700M
09:00 EUR Italian Industrial Sales (MoM) (Jul)     0.40%
09:00 EUR Italian Industrial Sales (YoY) (Jul)     1.30%
09:00 EUR Italian Trade Balance Non-EU (Jul)     9.45B
09:00 EUR Spanish Current account (Jul)     2.83B
09:00 NOK Central Bank Currency Purchase (Oct)     1,100.0M
09:00 NOK Unemployment Change (Sep)     66.03K
09:00 NOK Unemployment Rate n.s.a. (Sep)     1.90%
09:30 GBP BoE Consumer Credit (Aug)     1.191B
09:30 GBP M3 Money Supply (Aug)     3,024.7B
09:30 GBP M4 Money Supply (MoM) (Aug)     -0.5%
09:30 GBP Mortgage Approvals (Aug)     49.44K
09:30 GBP Mortgage Lending (Aug)     0.23B
09:30 GBP Net Lending to Individuals   1.5B 1.4B
09:30 HKD Retail Sales (YoY) (Aug)     16.5%
10:00 EUR Italian CPI (YoY) (Sep)       5.4%
10:00 EUR Italian CPI (MoM) (Sep)     0.2% 0.3%
10:00 EUR Italian HICP (MoM) (Sep)       0.2%
10:00 EUR Italian HICP (YoY) (Sep)       5.5%
10:00 EUR Core CPI (MoM)       0.3%
10:00 EUR Core CPI (YoY)     4.9% 5.3%
10:00 EUR CPI (YoY) (Sep)     4.6% 5.2%
10:00 EUR CPI (MoM)       0.5%
10:00 EUR CPI, n.s.a (Sep)       124.03
10:00 EUR HICP ex Energy & Food (YoY) (Sep)       6.2%
10:00 EUR HICP ex Energy and Food (MoM)       0.3%
11:00 INR Federal Fiscal Deficit (Aug)     6,055.93B
12:00 BRL Long Term Interest Rate TJLP     7.00%
12:30 INR FX Reserves, USD     593.04B
12:30 INR RBI Monetary and Credit Information Review      
12:30 BRL Net Debt-to-GDP ratio (Aug)     59.6%
12:30 BRL Budget Balance (Aug)     -81.914B
12:30 BRL Budget Surplus (Aug)     -35.809B
12:30 BRL Gross Debt-to-GDP ratio (MoM) (Aug)     74.1%
13:00 INR Current Account (USD)     -1.30B
13:00 INR Infrastructure Output (YoY) (Aug)     8.0%
13:00 BRL Unemployment Rate     7.9%
13:00 ZAR Trade Balance (Aug)     15.96B
13:30 USD Core PCE Price Index (YoY) (Aug)   3.9% 4.2%
13:30 USD Core PCE Price Index (MoM) (Aug)   0.2% 0.2%
13:30 USD Goods Trade Balance (Aug)     -91.20B -90.92B
13:30 USD PCE Price index (YoY) (Aug)   3.5% 3.3%
13:30 USD PCE price index (MoM) (Aug)   0.5% 0.2%
13:30 USD Personal Income (MoM) (Aug)   0.4% 0.2%
13:30 USD Personal Spending (MoM) (Aug)   0.5% 0.8%
13:30 USD Real Personal Consumption (MoM) (Aug)     0.6%
13:30 USD Retail Inventories Ex Auto (Aug)       0.2%
13:30 CAD GDP (MoM) (Jul)   0.0% -0.2%
13:30 BRL CAGED Net Payroll Jobs     142.70K
13:35 CAD GDP (MoM)        
14:30 BRL Long Term Interest Rate TJLP     7.00%
14:45 USD Chicago PMI (Sep)   47.5 48.7
15:00 USD Michigan 1-Year Inflation Expectations (Sep)   3.1% 3.1%
15:00 USD Michigan 5-Year Inflation Expectations (Sep)   2.7% 2.7%
15:00 USD Michigan Consumer Expectations (Sep)   66.3 66.3
15:00 USD Michigan Consumer Sentiment (Sep)   67.7 67.7
15:00 USD Michigan Current Conditions (Sep)   69.8 69.8
16:00 CAD Budget Balance (YoY) (Jul)     3.62B
16:00 CAD Budget Balance (Jul)     2.11B
17:00 INR Foreign Debt (USD) (Q2)     624.7B
17:00 EUR ECB President Lagarde Speaks         
17:00 ZAR Budget Balance (MoM) (Aug)     -143.76B
17:40 USD Dallas Fed PCE (Aug)     2.40%
17:45 USD FOMC Member Williams Speaks         
18:00 USD U.S. Baker Hughes Oil Rig Count     507
18:00 USD U.S. Baker Hughes Total Rig Count     630
21:30 GBP CFTC GBP speculative net positions     33.7K
21:30 USD CFTC Aluminium speculative net positions     6.4K
21:30 USD CFTC Copper speculative net positions     -16.3K
21:30 USD CFTC Corn speculative net positions     -101.2K
21:30 USD CFTC Crude Oil speculative net positions     328.4K
21:30 USD CFTC Gold speculative net positions     135.2K
21:30 USD CFTC Nasdaq 100 speculative net positions     3.2K
21:30 USD CFTC Natural Gas speculative net positions     -93.9K
21:30 USD CFTC S&P 500 speculative net positions     -139.0K
21:30 USD CFTC Silver speculative net positions     15.2K
21:30 USD CFTC Soybeans speculative net positions     62.7K
21:30 USD CFTC Wheat speculative net positions     -56.9K
21:30 CAD CFTC CAD speculative net positions     -48.0K
21:30 MXN CFTC MXN speculative net positions     63.6K
21:30 CHF CFTC CHF speculative net positions     -7.9K
21:30 AUD CFTC AUD speculative net positions     -96.9K
21:30 BRL CFTC BRL speculative net positions     12.9K
21:30 JPY CFTC JPY speculative net positions     -101.6K
21:30 NZD CFTC NZD speculative net positions     -21.3K
21:30 EUR CFTC EUR speculative net positions     102.0K
22:00 MXN Fiscal Balance (Aug)     -77.56B
GMT+1 Currency Event Actual Forecast Previous Imp.
02:30 CNY Chinese Composite PMI (Sep)     51.3
02:30 CNY Manufacturing PMI (Sep)     49.7
02:30 CNY Non-Manufacturing PMI (Sep)     51.0
15:00 GBP BoE MPC Member Cunliffe Speaks         

VPS hosting for forex trading

Our Virtual Private Server (VPS) is available for all new and existing clients who maintain a minimum balance of $4,000 or equivalent in EUR, GBP or SGD in their account. It allows expert advisors to be installed and operate without interruption 24 hours a day, whenever the markets are open. This is provided in partnership with Beeks FX, a global leader in VPS solutions. If you are a forex trader and would like access to one of the fastest VPS services in the industry, then please complete the short form below to find out more.

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What is a pip?

A pip is the minimum fluctuation of the instrument being priced. At ICM we have introduced 5 digit quotes to allow our clients to benefit from smaller price increments and moves in the market. For instance, Instead of quoting prices with 4 digits, i.e EURUSD 1.3151/1.3153, we quote the pair at a lower spread of 1.3 as 1.31508/1.31524.

What is a lot?

A forex lot is the amount of currency you buy or sell. For example, if you wish to trade $100,000, this is the size of the trade. A forex lot is a representation of trade size in a different format. In this example, a standard lot would represent 100,000 of any currency.

EUR 100,000 = 1 standard lot Euro

ICM offers leverage of 1:200. However, while you can earn profits by using leverage, it can also work against investors. For example, if the currency underlying one of your trades moves against you, leverage will greatly amplify the potential losses. To help reduce the chances of such a scenario occurring, forex traders typically implement a trading style that includes the use of stop and limit orders.

To assist with accuracy, please ensure the numbers entered are in the required format and include the correct amount of digits. For example, if EUR/USD is quoted at 5 digits instead of 4.

Incorrect format: 1.3151/1.3153

Correct format: 1.31508/1.31524

In order to calculate the pivot point you must take the Open, High, Low and Close price located in the MetaTrader 4 platform, by using the 'Crosshair' (the + sign in the top left hand corner) and moving it over the chart.

What is a trailing stop?

A trailing stop causes the level of the stop loss to trail the price level of a buy or sell position. Using a specified algorithm, a trailing stop enables traders to maintain their open position and continue to achieve positive results as long as the price moves in their favoured direction. Once trailing stops have been fixed they do not have to be altered manually, unlike a stop loss.

Will the trailing stop work when I am offline?

When a trailing stop order is being placed, ensure the MetaTrader 4 client terminal is running and that your device is connected to the internet, as it will only remain active when you are online. Once the trading platform is closed, your trailing stop order will be deactivated, and your stop loss order will remain active if placed before the trailing stop.

If you are new to forex trading, micro lots are an ideal way for you to enter a fast-moving and exciting market with a daily turnover of over  $5 trillion a day. In forex trading, the minimum contract size for a micro account is 0.01 of a lot, which is equal to 1,000 units of the base currency.

At ICM, every trader is treated equally irrespective of their deposit size, and we offer this type of trading to all clients, while also being available on both our demo and live MT4 platforms.

We are always looking for new ways to improve your trading environment and offer the highest standards of service. If you have any questions please feel free to get in touch with our Client Services team.

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Key Features

  • Start and stop following signal providers in a matter of minutes
  • You can stop following a signal provider at any time
  • Follow multiple traders at once to diversify your strategies
  • Trades are directly linked to the client’s own platform and continue to be placed even when they are away from their system
  • Free demo version is available before going live

How to access trading signals

Becoming a signal provider

Advanced ICM traders also have the option to use trading signals. Simply register  here as a ‘Seller’ by completing the registration form. Once complete, you can sell signals to thousands of subscribers around the world. Please note, while there are no registration costs involved, it will take 30 days for your trade history to be reviewed by MetaQuotes before a fee can be added to your service.

Please read our helpful user guide on becoming a signal provider: User guide

Are trading signals secure?

The MetaQuotes software ensures each trade features a digital signature that prevents the trade from being copied incorrectly. Trades triggered by a provider’s signal are duplicated on the subscriber’s account to reflect the money management rules used by the signal provider. Signal providers are paid a fixed monthly subscription fee.

How do I choose a signal provider?

Generally, if a signal provider has performed 100 or more trades it can be viewed as an active account. Clients should be aware of the drawdown percentage, with anything lower than 30% thought to be ideal.

Following signal providers with a steady growth rate is also advisable. However, if the growth rate reaches a high point in a short space of time, they could be trading in a high-risk manner. Finally, you may find that paid signals are more reliable in the long run. If you choose to follow a signal provider who charges a fee to receive their signal, you can have confidence the signal provider has used the 30 day trial period and has subsequently been verified by MetaQuotes, a process all traders must go through if they wish to charge for their signals.

How can I manage my risk with trading signals?

To manage risks treat each one as an individual trade and ensure parameters are also set to mitigate potential risk. Develop a strategy to decide how much of your account will be dedicated to each signal provider. Also ensure the strategy contains an exit plan along with rules of when you will stop tracking each signal.

Disclaimer
MetaQuotes Software Corp. is a respected third party software development company however the information provided should not be considered as trading advice. ICM provides the opportunity for clients to follow trading signals to support clients in their trades, however each Signal Provider should be independently evaluated. ICM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
 

 

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