How to set up the GMT offset correctly

how to set up gmtoffset correctly

Hello, dear reader. Many Forex robots have the parameter GMT offset or in other words: Time zone offset from Greenwich Mean Time (GMT). This parameter is needed to allow the robot know how much time in the terminal is different from the GMT. Many assume wrongly that  this parameter depends on where they live. That’s not true: GMT … [Read more…]

Standard and Cent accounts

standart and cent accounts

Most Forex beginners believe that the standard and cent account is the same. Let’s try to explain the situation. For example, the broker Hotforex does not have cent accounts, there are only Standard or Micro accounts offered. Standard account: The account balance calculated in dollars. Minimal lot is 0.01 1 pips to 0.01 lot = 0.1 $ However, … [Read more…]

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