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PriceMotion Stock or PriceMotion Forex is a good educational tool.
If you get familiar with PriceMotion Stock or PriceMotion Forex you
can easily work with any other software in the market.
Step 1 - Start the application
1. Install
PriceMotion Stock or PriceMotion Forex on your computer.
2. Double click on the PriceMotion Stock or PriceMotion Forex
icon on your desktop or open from the Start menu - Start/
Program Files/ PriceMotion.
3. To run
PriceMotion Stock or PriceMotion Forex click on the Start button
or press F2, or go to menu Simulation/Start Market Simulation.
4. To change
any options of the program click on the Options button
(first button on the left side). If you need more information
about Options dialog box open Help files. Press F1 to open
Help files. Open Contexts tab,
select PriceMotion Features/PriceMotion
Options or Toolbar/Graph Toolbar.
Step 2 - Do a first trade
1. Based on your price pattern
make a choice to open a SELL
or BUY position.
2. If you choose to open a LONG
contract, click "Buy Contract(s)" on the Simulation
ToolBar. If you choose to open a SHORT contract, click "Sell
Contract(s)" on the Simulation ToolBar. On the Intraday
window you'll see a place were you have opened a position.
3. When you'll be ready you
can close your position. In order to do that simply
click on "Sell Contract(s)" to close LONG contract
or "Buy Contract(s)" to close SELL contract.
4. "Trade
by Trade" window and "Performance
Report" window will show you result of your trade.
Step 3 - Change the graph options
1. Use "Graph
options" ToolBar in order to do that.
2. PriceMotion has three different
types of charts. You can pick up Bar
Chart, Line Chart, and
Candlestick Chart.
3. There are two way to change/set
grid lines on the graph and indicators. Using the Edit menu
or using Graph Toolbar. You can draw the detail,
rare and points grid lines for all windows (Intraday,
Daily, Weekly)
4. There are two possibility
to change/set horizontal scale
on the graph and indicators. Using the Edit menu or using
Graph Toolbar. In order to increase horizontal scale of the
Intraday window and Daily window push "ZOOM plus"
button. In order to decrease horizontal scale push "ZOOM
minus" button.
5. To decrease/increase Simulation
Speed use Slow/Fast buttons. Every click will decrease/increase
speed of the Market.
6. You can change Price/Background
color for each window (Intraday, Daily, and Weekly).
Press on the Price/Background color buttons on the Simulation
Toolbar. The Price/Background Color dialog box appears. To
change price/background color on the Intra-day window press
the first button. The Color dialog box appears. Select any
color and press OK button.
Step 4 - Simulate bearish or bullish
waves on the current market
1. If you click on the Bearish
Wave Simulation button or on the Bullish
Wave Simulation button you can create bear or bull
market and you can see the gap in the Volume and Market Disturbance
charts.
2. You
can play with the market using this feature. You can
see how different market groups - Leaders, Followers and Strangers
react on that disturbance. It will help you to understand
how market works and how crowd psychology affects the market.
Step 5 - Insert Indicators
1. In order to
insert (show on the screen) any of the Indicators,
you should click on the Technical Indicators button. The dialog
Show Indicators will appear on the screen. You can highlight
one, two, or all indicators and then click OK or Apply button.
All highlighted indicators will appear on the graph (intraday,
daily, weekly accordingly).
2. In order to remove indicators
from the graph, simply deselect them from the Show Indicators
dialog or click on the "Remove all Indicators from the window"
button.
Step 6 - Play with the Market, make
a decision and have fun while doing so.
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