How to Trade Forex at Spectre.ai

How to Trade at Spectre.ai

1. Choose asset for trading: Forex

2. Press "Covered CFDs"

3. Enter the amount of current Asset, you would like to Long or Short.
Value per pip cannot be lower than $ 0.1

You can change the "Take Profit (pips)" and "Stop Loss (pips)" to the amount you want

You can adjust the Trailing Stop Loss


4. Choose LONG (Green) or SHORT (Red) options depending on your forecast.

5. The result of your trade will appear immediately after It reachs the "Take Profit" or "Stop Loss". You can monitor the Progress of your Order

Trailing Stop Loss

A trailing stop is designed to lock in profits as a trade moves favorably.
The trailing stop will be activated when the price moves favorably by the selected amount of pips.

Should the price try to come back and reduce the trade’s profit by the selected TSL amount, then the trade will be closed returning to the user the locked profit.

Example: A trailing stop loss of 5 pips would lock in profits of 3 pips if the Covered CFD position has reached a maximum of 8 pips of profit.

How much money do i need to have in order to trade on spectre?

minimum deposit amount depends on the payment method used, but generally for regular accounts, the minimum deposit is $10 and minimum trade size is $1.00. for a wallet account where no deposits are needed, the minimum trade size is $50.00. we strongly advise starting off with small amounts as financial trading is risky, despite being rewarding.

Does spectre offer signals or auto-trading?

spectre offers educational trade indicators that find potentially profitable chart setups. however these are not considered investment advice, they merely locate possible opportunities.
 

What are payouts and spreads like?

payouts on digital contracts range from 5%-200% depending on asset, expiry and time of day. spectre.ai allows spread-free entries on most assets and expiries where indicative entry price (iep) is in-line with spot price. however, for periods of very low liquidity such as 8pm-midnight gmt or on exotic products such as microexpiries of 10-30 seconds, 0.2 pip spread on 5 minutes expiries and a small spread on entry of between 0.1-0.9 pips may also be applied.

What is the maximum trading amount per transaction?

the current maximum trade size is $1,000 per trade, which can be increased to $2,000 with the "jumbo trades" privilege in traders bay.

Why does the indicative entry price (iep) differ from the spot price at times?

the indicative entry price (iep) may differ from the spot price received from the quote feed provider (seen on your live chart) during times of low market liquidity or micro expiries of under 30 seconds. if a difference exists, this is in the range of 0.1 to 0.9 pips depending on market conditions. 90% or more of trade entry prices in the platform have no spread and the spot price is the iep.

What defi coins do you currently support?

we currently support snx, knc, band, link, usdc and pax. we will be adding more defi coins in the coming months, including our very own sxdt and sxut.

Can i exchange one defi coin for another?

no, you cannot exchange any part of your balance from one defi coin to another, as this is not an exchange account.

Can i abuse the spectre.ai trading system?

wallet accounts which are decentralised give the user a few seconds before they wish to commit funds to a trade so that the trade gets mined in time, on the blockchain. users may abuse this facility, however, for short duration trades to see where the price is headed and if it is headed in their direction, may enter but may not enter if it is headed against their desired direction. the system picks up this activity as this is considered manipulation, warns the traders about doing so and should the users persist, then the accounts may be banned. apart from this, accessing spectre.ai by multiple people under the same kyc authorised account either under the same i.p or different i.ps (with the view to circumvent our country restrictions) is strictly prohibited. more than 10 trades per minute initiated using mt4 bridges or any other non-api gateways will be considered as high frequency trading and they are strictly prohibited.