WorldForex: web terminal
To access the trading terminal, register on the World Forex website by entering your actual information. Confirm your registration at World Forex by following the link sent to your email address by the broker.
Once logged into your personal account, immediately select your preferred trading option. In this case, click on the “W-digital” account. Choose the currency for your account on the right, and fully set up your World Forex account. Accept the terms (check the box) and click the button to open the account. If English is challenging for you, you can switch to Russian in the upper right corner of the website.
Once you’ve obtained your login credentials, click on the WebTrader World Forex button, slightly lower on the page, enter your login and password, and you’re ready to trade.
From the available terminal tiles, select the one with digital contracts—these are binary options. Choose the tablet version, which is a web-based option. This means there’s nothing to download, yet the functionality is just as good as installed software.
Upon entering the World Forex trading terminal, you’re greeted with a chart. To the left, a list of currency pair quotes and tabs for different trading types are displayed; of interest here are the binary options.
Navigate to the digital contracts tab, also known as binaries. Select an asset to trade, observe the price trend, and formulate a forecast—whether the price will rise or fall. If your prediction is correct within the specified time frame, you can make a profit.
Exploring the Terminal Features
The terminal allows you to customize the background color of the chart, the characteristics of the chart itself, and execute trades. Since not all functionalities are immediately visible, let’s walk through purchasing a binary option step-by-step.
Terminal Functions and Features:
- Forex trading tab.
- Digital contracts tab (binary options from World Forex).
- Symbol (trade pair, with its chart displayable on screen).
- Bid – the selling price of the asset.
- Ask – the buying price of the asset.
- Payout amount for a correct forecast within a fixed time period, currently at 57%.
- 200 – the dollar amount of the trade you are placing.
- 60s – the expiration time for the binary option. It’s just one minute, which is risky, but the 57% return can be almost instantaneous.
- “Up” button – press this if you predict the asset’s chart will rise. If it does, you earn a 57% payout.
- “Down” button – press this if you believe the chart will fall.
- “Invest” button – this initiates the purchase of the option with your settings. Once pressed, the outcome of the deal depends on the market.
- Fullscreen mode – to minimize distractions.
- Color settings for the terminal.
- List of trading assets.
- Chart settings.
- Zoom in on the chart, select the chart type, currency pair, +1, -1, current BID and ASK prices.
- Chat support from World Forex.
- Trading account indicators: balance, funds, pledge, free money, margin.
- Open trading positions window – currently, there are no open trades.
- Tabs with various account information.
