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EF MT5 User Guide Android EN Content Tablet PDF
EF MT5 User Guide Android EN Content Tablet PDF
platform
EF MetaTrader 5
for Android OS
Euro-Finance
43 Christopher Columbus blvd., 1592 Sofia, Bulgaria
tel.: +359 (0) 700 156 56; fax: +359 (0) 2 981 14 96
support@eurofinance.bg
www.eurofinance.bg
User Guide for EF MT5 Android OS platform
Content
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User Guide for EF MT5 Android OS platform
MetaTrader 5 for Android OS powered devices is a platform for mobile trading on the Forex
and stock markets. The application allows you to connect to a broker's servers, receive prices
and view price charts, trade and view the history of your trade operations. This is available
from anywhere in the world absolutely free of charge!
With the MetaTrader 5, you can use real and demo accounts. Moreover, you can open demo
accounts right from the mobile platform. Authorize in the application to access all the
functions of the MetaTrader 5 platform.
After authorizing, you can receive prices of financial instruments in the real-time mode, view
charts, execute trade operations using the full set of trading orders and various execution
modes. Thus, you can implement almost any trading strategy. At any time and from
anywhere you can access the history of your trade operations in order to determine the
profitability of your trading strategy.
The wide opportunities of the MetaTrader 5 trading platform are now always with you.
Download MetaTrader 5 and you can keep abreast of events in financial markets and control
your trading account!
I. Getting Started
To start trading from on mobile device, download MetaTrader 5 from the Android Market or
using the Market application on your device.
The MetaTrader 5 for Android can be used on a smartphone or a tablet PC powered by the
Android OS 2.1 or higher. In addition, to connect to a broker's trading server, Internet access
is required.
It is recommended that you update MetaTrader 5 regularly, which will provide enhanced
features and greater stability.
After installation, run the application by tapping the icon on the desktop.
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User Guide for EF MT5 Android OS platform
Trade — view the state of account and manage trade positions and pending orders.
Using the "Menu" button, you can go to account or symbols management, or make trade
operations, depending on the current tab.
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III. Quotes
Use this tab to view real-time pricing information on financial instruments. To switch to this
tab, use the top panel of the application or swipe left to right.
To switch between the full and reduced representation of price information, go to settings
using the "Menu" button on your device. Then check/uncheck the "Advanced mode" option.
To save traffic, disable unnecessary symbols.
Context Menu
To open the context menu, tap once on any of the symbols. The menu contains the following
commands:
New order — go to executing trade operations with the specified symbol. This button
is not displayed when not connected to the server.
Chart — go to chart viewing.
Properties — open symbol properties.
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User Guide for EF MT5 Android OS platform
Good till canceled — pending orders are preserved as a trade day changes.
Good till today excluding SL/TP — when a trade day changes, only pending orders are
deleted, Stop Loss and Take Profit levels are preserved.
Minimal volume — minimal volume of a deal for the symbol.
Maximal volume — maximal volume of a deal for the symbol.
Volume step — step of volume changes.
Swap type — type of swap calculation:
In points — specified number of points of the financial instrument price;
In base currency — specified amount of money in base currency of the financial
instrument;
In margin currency — specified amount of money in margin currency of the financial
instrument;
In deposit currency — specified amount of money in deposit currency;
In percentage terms, using current price — specified percentage of the instrument
price at calculation of swap;
In percentage terms, using open price — specified percentage of the open price of
position;
In points, reopen position by close price — at the end of a trading day the position is
closed. Next day it is reopened by the close price +/- specified number of points;
In points, reopen position by Bid price — at the end of a trading day the position is
closed. Next day it is reopened by the current Bid price +/- specified number of points.
Swap long — swap for Buy positions.
Swap short — swap for Sell positions.
3-days swap — day of the week when a triple swap is charged.
The lower part shows information about quoting and trading sessions of the symbol.
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V. Symbols
In this section you can customize the set of symbols displayed on the "Quotes" tab. You can
work with these symbols in the MetaTrader 5 for Android. To go to this section, select "
Symbols" after pressing "Menu" on any tab.
Hiding Symbols
To hide symbols, tap at the top of the window. Then tick off all the symbols that you want
to hide, and tap "Delete".
A financial instrument cannot be hidden, if there are open positions or pending orders for it.
Moving Symbols
To change the order of symbols in the "Quotes" tab, use buttons . Tap the button on the
desired symbol, and holding it, drag the symbol to the desired position.
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Adding Symbols
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VI. Charts
A chart shows price changes over time. To switch to this tab, use the top panel of the
MetaTrader 5 application or swipe left to right.
Chart Opening
To open a chart of a financial instrument, run the "Chart" menu command in the "Quotes"
tab.
There is a limit to the depth of price data that can be displayed in the mobile version of the
MetaTrader 5 for Android. The depth of the data depends on the device performance, but it
cannot exceed 1500 bars. As soon as the limit has been reached, the "Maximum bars limit"
notice appears at the bottom of the chart.
Chart Timeframes
In the MetaTrader 5 for Android, you can view 7 chart timeframes: from 1 minute (M1) to 1
day (D1). You can switch between timeframes in the bottom panel of the chart.
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Chart Controls
A user can perform the following manipulations on charts:
Scrolling — to scroll through a chart, drag your finger left or right.
Scaling — to zoom in, place two fingers together on the area of the chart you want to
zoom in and then drag your fingers apart. To zoom out, place two fingers on different
parts of the screen and drag them towards each other.
Full-screen mode — the full-screen mode is automatically enabled when you rotate
your device to the landscape mode. Further you can switch between the full screen
and normal mode by tapping on the chart.
Change the chart type — there are three chart types available. To switch between
them, go to settings by pressing the "Menu" button on your device. Then select "Chart
type":
Bar chart — show the chart as a sequence of bars.
Candlestick — show the chart as a sequence of Japanese candlesticks.
Line chart — show the chart as a broken line that connects close prices of bars.
Settings — to open chart settings, press "Menu" and select " Settings".
The Menu button
The Menu button on your device calls a menu with additional commands:
New order — go to placing a new order.
Symbols — configure the lists of symbols shown on the "Quotes" TAB.
Accounts — manage trade accounts.
Settings — go to the settings of the MetaTrader 5 for Android.
About — view information about the program.
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VII. Trading
The basis of the profit while working in the financial markets is a simple rule: buy cheap and
sell dear. One of the main functions of the MetaTrader 5 mobile platform for Android is
providing a user with wide opportunities to perform buy and sell operations.
The "Trade" tab features the current state of a trade account, as well as current positions and
pending orders. To switch to this tab, use the top panel of the application or swipe left or
right.
Account State
The current state of a trade account is shown at the top of the tab:
Profit, currency — the total returns of the current trade positions and the account
deposit currency.
Balance — money on the account, not accounting for the results of currently open
positions.
Equity — money accounting for the results of the currently open positions.
Margin — money required to cover open positions.
Free Margin — the free amount of money that can be used to maintain open positions.
Margin Level — percentage of the account equity to the margin volume.
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Positions
Current open positions are shown in this part. By default, only brief information about
positions is shown here. To see more details, tap once on the position line.
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VIII. Orders
Pending orders placed are shown in this part. By default, only brief information about orders
is shown here. To see more details, tap once on the order line.
Context Menu
The context menu can be called for a position or an order only when viewing detailed
information. To expand information about a position or an order, tap once on its line. To
display a context menu, tap and hold on the line for a second.
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Order
An order is an instruction for a broker to buy or sell a financial instrument. There are
two main types of orders: market and pending. In addition to these types, there are
special orders Take Profit and Stop Loss.
Deal
A Deal is a fact of buying or selling a symbol. Buy is performed at the Ask price, Sell —
at the Bid price. A deal can appear resulting from the execution of a market order or
triggering of a pending order. Keep in mind that in some cases, execution of an order
can result in several deals.
Position
A position is a market obligation, i.e. the number of bought or sold contracts of a
financial instrument. A Long Position — a symbol bought expecting the price increase,
Short — an obligation to supply it expecting the price to fall in the future. On one
account for each financial instrument there can be only one position.
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X. Types of Orders
The MetaTrader 5 mobile terminal for Android allows to prepare requests and request the
broker for execution of trading operations. In addition, the terminal allows to control and
manage the state of open positions. For this purposes, several types of trade orders are used.
An order is an instruction of a brokerage firm's client to conduct a trade operation. In the
terminal, orders are divided into two main types: market and pending. In addition, there are
Stop Loss and Take Profit orders.
Market Order
A market order is an instruction given to a brokerage company to buy or sell a financial
instrument. Execution of this order results in a deal. The price at which the deal is conducted
is determined by the type of execution that depends on the symbol type. Generally, a
security is bought at the Ask price and sold at the Bid price.
Pending Order
A pending order is the client's instruction to a brokerage company to buy or sell a security at
pre-defined conditions in the future. Types of pending orders:
Buy Limit — trade request to buy at the Ask price that is equal to or lower than that
specified in the order. The current price level is higher than the value in the order.
Usually this order is placed in anticipation of that the security price, having fallen to a
certain level, will increase;
Buy Stop — trade request to buy at the Ask price that is equal to or higher than that
specified in the order. The current price level is lower than the value in the order.
Usually this order is placed in anticipation of that the security price, having reached a
certain level, will keep on increasing;
Sell Limit — trade request to sell at the Bid price that is equal to or higher than that
specified in the order. The current price level is lower than the value in the order.
Usually this order is placed in anticipation of that the security price, having increased
to a certain level, will fall;
Sell Stop — trade request to sell at the Bid price that is equal to or lower than that
specified in the order. The current price level is higher than the value in the order.
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Usually this order is placed in anticipation of that the security price, having reached a
certain level, will keep on falling;
Buy Stop Limit — this type is the combination of the two first types being a stop order
for placing Buy Limit. As soon as the future Ask price reaches the value indicated in the
order, a Buy Limit order will be placed at the level, specified in the order. The current
price is lower than that, reaching which the pending order will be placed.
Sell Stop Limit — this type is a stop order for placing Sell Limit. As soon as the future
Bid price reaches the value indicated in the order, a Sell Limit order will be placed at
the level, specified in the order. The current price is higher than that, reaching which
the pending order will be placed. The pending order price is higher than the price of its
placing.
Take Profit
Take Profit is intended for making a profit when the price of a financial instrument reaches
the forecast level. Execution of this order leads to a complete closure of the position. It is
always connected to an open position or a pending order. The order can be placed only
together with the market or pending order. When checking the conditions of this order for
long positions, the Bid price is used, and when checking short positions — Ask price.
Stop Loss
This order is intended to minimize the losses if the price of a financial instrument begins
moving in the unprofitable direction. If the price of the instrument reaches this level, the
position is fully closed automatically. Such an order is always connected to an open position
or a pending order. The order can be placed only together with a market or a pending order.
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When checking the conditions of this order for long positions, the Bid price is used, and when
checking short positions — Ask price.
Instant Execution
In this mode, an order is executed at the price offered to a broker. When sending an
order to be executed, the terminal sets the current prices in the order. If the broker
accepts the prices, the order is executed. If not, the so-called "Requote" occurs: the
broker returns prices, at which the order can be executed.
Request Execution
In this mode, a market order is executed at the price previously received from a
broker. Prices for a certain market order are requested from the broker before the
order is sent. After the prices have been received, order execution at the given price
can be either confirmed or rejected.
Market Execution
In this order execution mode, a broker makes a decision about the order execution
price without any additional discussion with a trader. Sending an order in such a mode
means advance consent to its execution at this price.
Exchange Execution
In this mode, trade operations conducted in a client terminal are sent to an external
trading system (exchange). Trade operations are executed at the prices of current
market offers.
Started — the order correctness has been checked, but it hasn't been yet accepted by
a broker.
Placed — a dealer has accepted the order.
Partially filled — the order has been filled partially.
Filled — the order has been completely filled.
Canceled — the order is canceled by the client.
Rejected — the order has been rejected by a dealer.
Expired — the order is canceled due to its expiration.
You can view the state of orders on tabs "Trade" and "History".
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Fill Policy
Except for common rules of order execution set by a broker, a trader can indicate additional
conditions in the "Fill Policy" field of the order placing window:
Fill or Kill
This policy means that a deal can be executed only with the specified volume. If the
necessary amount of a financial instrument is currently unavailable in the market, the
order will not be executed. The required volume can be filled using several offers
available on the market at the moment;
Immediate or Cancel
In this case a trader agrees to execute a deal with the volume maximally available in
the market within that indicated in the order. In case the order cannot be filled
completely, the available volume of the order will be filled, and the remaining volume
will be canceled. The possibility of using IOC orders is determined at the trade server.
Return
This policy is used only for limit orders. In case of partial filling a limit order with
remaining volume is not canceled but processed further.
Use of fill policies depending on the execution type can be shown as the following table:
XIII.Trade Activity
Trading activity in the MetaTrader 5 for Android implies forming and sending various types of
orders to a broker, as well as managing current positions by modifying and closing them. The
terminal provides ample opportunities of trade management:
Opening and Closing Positions
Modification of Positions
Placing Pending Orders
Modifying and Deleting Pending Orders
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User Guide for EF MT5 Android OS platform
An entire position or a part of it can be closed, depending on the volume of a trade executed
in the opposite direction.
Once an order is executed, a corresponding record about an opened position appears on the
"Trade" tab, and the order and the deal (deals) will appear in the "History" tab.
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Instant Execution
In this execution mode, a market order is filled at the price offered to the broker. The mobile
terminal automatically inserts current prices in the order.
Position Opening
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To change the value of a parameter, tap on the appropriate field. The onscreen keyboard has
a number of additional commands for changing values:
— move cursor left and right.
— to decrease or increase the value. When holding these buttons for a long
time, the speed of value change increases.
Once all the necessary data have been specified, tap "Sell" or "Buy". In this case an order to
open a short or long positions, respectively, is sent to the broker.
If incorrect Stop Loss and Take Profit are specified in an order, a warning "Invalid S/L or T/P"
appears after you tap the Buy or Sell button and the order is not accepted.
Requote
If during order processing the symbol price has changed by an amount greater than that
indicated in the "Deviation" field, the dealer (the server) cannot accept the order and offers
new execution prices to the trader. In this case, an appropriate message is shown:
If the trader agrees with the new prices, he or she should tap "Accept", and the order will be
executed at the new prices. If the new price does not suit, the trader taps "Reject".
The new prices are valid only for a few seconds. If the trader does not decide during that
time, after tapping any button the order will be requoted again.
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Position Closing
In order to close the position you need to tap "Close position" in its context menu on the
"Trade" tab.
Request Execution
In the Request Execution mode, prior to performing a trade operation, execution price is
requested from a broker.
Position Opening
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To change the value of a parameter, tap on the appropriate field. The onscreen keyboard has
a number of additional commands for changing values:
— move cursor left and right.
— to decrease or increase the value. When holding these buttons for a long time, the
speed of value change increases.
Parameters of the order can be changed only before you request prices. Once the request is
executed, the trader can only place an order with pre-set parameters.
To receive prices, tap "Request". After that, the "Buy" and "Sell" buttons appear in the
window. The quotes offered after a request are valid for only a few seconds. If during this
time, the trader does not decided, then "Buy" and "Sell" buttons will be hidden again.
If incorrect Stop Loss and Take Profit are specified in an order, a warning "Invalid S/L or T/P"
appears after you tap the Buy or Sell button and the order is not accepted.
Position Closing
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In order to close the position you need to tap "Close position" in its context menu on the
"Trade" tab. In the window that appears you also need to tap "Request". After that the close
button appears in the window:
Market Execution
In the Market Execution mode, a trader agrees to execute a deal at the price offered by a
broker.
Position Opening
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In the Market Execution mode, the Stop Loss and Take Profit levels can be set only for an
open position while modifying it.
If the "Execution" box is not active, then the option is locked on the server.</t3>
Position Closing
In order to close the position you need to tap "Close position" in its context menu on the
"Trade" tab.
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Exchange Execution
In the exchange execution mode, trade operations are sent to an external trading system.
Operations are executed at current market prices.
Position Opening
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Position Closing
In order to close the position you need to tap "Close position" in its context menu on the
"Trade" tab.
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Modification of a Position
To modify position stop levels, go to the "Trade" tab and run the "Modify position" command
in the position context menu. After that the following window will appear:
To change the value of a parameter, tap on the appropriate field. The onscreen keyboard has
a number of additional commands for changing values:
— move cursor left and right.
— to decrease or increase the value. When holding these buttons for a long
time, the speed of value change increases.
To modify the stop levels of a position, tap "Modify".
Until the Stop Loss and Take Profit are set correctly, the "Modify" button is not active. Terms
of stop levels are determined by the broker and are specified in symbol properties
(specification of contracts).
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The "Place" button is inactive if the parameters of the order are incorrect.
Stop Loss and Take Profit trigger only on open positions and do not work on pending orders.
If the field "Execution" and "Expiration" fields are inactive, it means the possibility to change
them is locked on the.
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Order Modification
To modify a pending order, go to the "Trade" tab and run the "Modify order" command in
the order context menu.
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XVII. History
On this tab you can view the history of trade operations conducted on a trading account. To
switch to this tab, use the top panel of the application or swipe left or right.
There are two operation viewing modes: Orders and Deals. You can switch between them at
the bottom of the tab.
Orders
The following summary information is displayed in the upper part: the total number of
orders, the number of filled and canceled orders.
By default, only brief information about orders is shown here. To see more details, tap once
on the order line.
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7. Time — the time when the order was placed by the trader. The record is represented
as YYYY.MM.DD HH:MM (year.month.day hour:minute).
8. Comment — a comment to the order. A comment can be added only when placing an
order from the PC version of the MetaTrader 5 terminal. The comment cannot be
changed when modifying an order. In addition, a comment on a trade operation can be
added by a brokerage company. If an order was executed as a result of triggering of
Stop Loss or Take Profit, a comment like [sl price] or [tp price] is added automatically.
9. Order — ticket number (a unique identifier) of a trade operation.
10. S/L — level of the placed Stop Loss order. If a trade position has been closed by Stop
Loss, the order is colored in red. If the order has not been placed, a zero value is
displayed.
11. T/P — level of the set Take Profit order. If a trade position has been closed by Take
Profit, the order is colored in green. If the order has not been placed, a zero value is
displayed.
Deals
In the upper part, the result of deal execution
relative to the initial deposit is shown:
Deposit — deposit of the account.
Profit — profit or loss relative to the initial
deposit.
Swap — the total amount of added/charged
swaps.
Commission — the total amount of
commissions taken for execution of deals.
Balance — the current account balance.
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If a deal has been executed as a result of triggering of Stop Loss, it is colored in red. If Take
Profit has triggered, the deal is colored in green.
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XVIII. Accounts
This section allows you to manage your trading account. To go to this section, press "Menu"
on any of the tabs of the MetaTrader 5 for Android, and then select " Accounts".
Account Management
Each account that is used for the connection is saved in the list. In order to connect to the
account, just tap on its line or select "Login" in its context menu.
Deleting accounts — to delete an account from the list, open a context menu by
touching and holding (for about 1 second) the account line. Then select "Delete".
Offline Mode
The offline mode allows you to view different information in a standalone mode, without the
use of Internet connection:
Current positions and pending orders
Loaded Charts
Previously loaded history of trade operations
Information on symbols
To enable the offline mode, press "Menu" and select " Go offline". After that the account
disconnects from the server.
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Context Menu
To display a context menu, tap and hold on the account line for a second. It contains the
following commands:
Login — connect to a selected account.
Delete — delete a selected account.
The Menu button
The Menu button on your device calls a menu with additional commands:
Go offline — switch to an offline mode.
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Select a Server
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Account Parameters
To open an account, tap the "Register" button at the top of the window.
If you have any problems with registration, please contact the Euro-Finance technical support
team.
Using the "Copy to clipboard" button, you can copy the parameters of the opened account to
clipboard in order to save them in any other application.
To complete the account opening process and connect to it, tap "Done" at the bottom of the
window.
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Account Connection
To connect to an account, you need a login and password of a previously opened account.
Two types of account access are available in the MetaTrader 5 for Android: master and
investor. Authorization using the master password gives full rights for working with the
terminal. When using investor authorization, you can view the account state and analyze
prices, but you cannot trade. The investor access is a convenient tool for demonstrating the
trading process on the account.
To connect to an account, tap on the account management page.
Select a Server
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Login
If you enable the "Save password" option, the next time you will be authorized automatically
without having to enter the password. If you disable it, every time you will need to type in
your password again.
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XIX.Settings
To go to the settings of the MetaTrader 5 for Android, press "Menu" on any tab and choose
" Settings".
Line chart — show the chart as a broken line that connects close prices of bars.
Show trade levels — when this option is enabled, all positions and pending orders of
a symbol are shown on the symbol chart. Trade operations are displayed as lines with
signatures at the level of the price, at which they were executed.
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MetaTrader 5 for Android has an interface adapted for tablets. This interface is used
automatically when running the application on such devices.
The functionality of the smartphone and the tablet version is identical. However, they
have a slight difference in location of some interface elements. This section provides
explanatory pictures for the tablet version of MetaTrader 5 for Android.
1. General Functions
1. Account management
2. Trading and account history
3. Quotes
4. Symbol management
5. Chart functions
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2. Account Management
1. Current account
2. Account management menu (open by tapping on the current account)
3. Add account
4. Login to existing account (opened by tapping on the "Create account" button)
5. Open a demo account (opened by tapping on the "Create account" button)
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3. Quotes
4. Symbol Management
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5. Trading
Euro-Finance
43 Christopher Columbus blvd., 1592 Sofia, Bulgaria
tel.: +359 (0) 700 156 56; fax: +359 (0) 2 981 14 96
support@eurofinance.bg ; www.eurofinance.bg
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