How to Trade Forex and Withdraw on LiteFinance

How to Trade Forex on LiteFinance

How to Login to LiteFinance MT4 Terminal

The initial step is to access the LiteFinance homepage using a registered account. Then choose the tab "METATRADER" (If you haven’t registered an account or are unsure about the login process, you can refer to the following post for guidance: How to Login to LiteFinance).

Next, select the trading account that you wish to use to be the main account. If the selected account is not the main account, click the text "Turn into main" in the same row as the selected account.
Scroll up with your mouse, and here, you will find some important information you need for logging in:

1. The server login number.
2. The server to log in.
3. The name is shown in the terminal.
4. The trader’s password to log in.

For the password section, click on the "edit" button next to the password field to change your password to meet the system’s requirements. After you’ve completed that, click "Save".

In the next step, you will proceed with the download and launch the LiteFinance MT4 Terminal by clicking on the "DOWNLOAD TERMINAL" button.

After running the terminal, please select the "File" menu at the top left corner of the screen. 
Continue by selecting "Login to Trade Account" to open the login form.

In this form, you will need to provide some information from the selected trading account in the previous step to log in:

1. In the first blank from the top, enter your "SERVER LOGIN" number.
2. Enter the password that you created from the previous step.
3. Select the trading server that the system shows in the trading account settings.

How to place a New Order on LiteFinance MT4

First, you need to select the asset and access its chart.

To view the Market Watch, you can either go to the "View" menu and click on Market Watch or use the shortcut Ctrl+M. In this section, a list of symbols is displayed. To display the complete list, you can right-click within the window and choose "Show all". If you prefer to add a specific set of instruments to the Market Watch, you can do so by using the "Symbols" drop-down menu.

To load a specific asset, like a currency pair, onto a price chart, click once on the pair. After selecting it, click and hold your mouse button, drag it to the desired location, and release the button.

For opening a trade, first, select the "New Order" menu option or click on the corresponding symbol in the standard toolbar.

A window will appear immediately, containing settings to help you place orders more precisely and easily:

• Symbol: Ensure that the currency symbol you want to trade is visible in the symbol box.
• Volume: You need to determine the contract size by either selecting it from the available options in the dropdown menu after clicking the arrow or by manually inputting the desired value in the volume box. Remember that the size of your contract directly impacts the potential profit or loss.
• Comment: This section is optional, but you can utilize it to annotate your trades for identification purposes.
• Type: This is configured as market execution by default including Market Execution (involves executing orders at the current market price) and Pending Order (employed to establish a future price at which you plan to initiate your trade).

Lastly, you must determine the type of order you want to initiate, offering the choice between a sell or buy order.

• Sell by Market: These orders commence at the bid price and conclude at the ask price. With this order type, your trade has the potential to generate a profit when the price declines.
• Buy by Market: These orders begin at the ask price and finish at the bid price. With this order type, your trade can be profitable if the price rises.

As soon as you select either Buy or Sell, your order will be promptly executed, and you can verify it in the Trade Terminal.

How to place a Pending Order on LiteFinance MT4

Type of pending orders

In contrast to immediate execution orders, which are executed at the current market price, pending orders enable you to place orders that activate once the price reaches a specific level defined by you. There are four types of pending orders, but we can categorize them into two main types:

• Orders expecting to break a certain market level.
• Orders are expected to bounce back from a certain market level.

Buy Stop

The Buy Stop order enables you to place a purchase order at a price higher than the current market rate. For instance, if the present market price is $500, and your Buy Stop is set at $570, a buying or long position will be initiated when the market reaches this price point.

Sell Stop

The Sell Stop order provides the option to place a selling order at a price lower than the current market rate. For example, if the current market price stands at $800, and your Sell Stop price is fixed at $750, a selling or ’short’ position will be activated when the market attains that particular price point.

Buy Limit

The Buy Limit order is essentially the inverse of a buy stop. It permits you to establish a buy order at a price lower than the prevailing market rate. To illustrate, if the current market price stands at $2000 and your Buy Limit price is set at $1600, a buy position will be initiated when the market attains the $1600 price level.

Sell Limit
Ultimately, the Sell Limit order empowers you to establish a sell order at a price higher than the prevailing market rate. To be more specific, if the current market price is $500, and your Sell Limit price is $850, a sell position will be initiated when the market reaches the $850 price level.

How to Open Pending Orders in LiteFinance MT4 Terminal

To create a new pending order, you can easily double-click the market name in the Market Watch module. This action will launch the new order window, allowing you to modify the order type to Pending Order.

Subsequently, designate the market level at which the pending order will trigger. You should also determine the position size according to the volume.

If needed, you can establish an expiration date (Expiry). After configuring all these parameters, choose your preferred order type based on whether you intend to go long or short, and whether it’s a stop or limit order. Finally, select the "Place" button to confirm.

Pending orders offer significant advantages within MT4. They prove especially valuable when you cannot keep a constant eye on the market to pinpoint your entry, or when an instrument’s price experiences rapid fluctuations, ensuring you don’t miss out on promising opportunities.

How to Close Orders on LiteFinance MT4 Terminal

Here, we have two incredibly simple and quick ways to close orders, which are:

1. To close an active trade, select the "X" located in the Trade Tab within the Terminal window

2. Alternatively, you can right-click on the order line displayed on the chart and choose "close" to close the position.

In LiteFinance’s MT4 terminal, opening and closing orders are remarkably swift and user-friendly processes. With just a few clicks, traders can execute orders efficiently and without unnecessary delays. The platform’s intuitive design ensures that market entry and exit are both quick and convenient, making it an ideal choice for traders who need to act promptly and seize opportunities as they arise.

Using Stop Loss, Take Profit, and Trailing Stop on LiteFinance MT4

A crucial aspect of ensuring lasting success in financial markets is the practice of careful risk management. This is why incorporating stop-loss and take-profit orders into your trading strategy is of paramount importance. In the following discussion, we’ll delve into the practical implementation of these risk management tools within the MT4 platform. By mastering the use of stop losses and take profits, you’ll not only learn how to mitigate potential losses but also how to optimize your trading capabilities, ultimately enhancing your overall trading experience.

Setting Stop Loss and Take Profit

One of the most straightforward methods to incorporate Stop Loss and Take Profit in your trades is to set them immediately when you initiate new orders. This approach allows you to establish risk management parameters as you enter the market, enhancing control over your positions and potential outcomes.

You can achieve this by simply entering your desired price levels in the Stop Loss and Take Profit fields. Keep in mind that a Stop Loss automatically triggers when the market moves unfavorably for your position, serving as a protective measure, while Take Profit levels are executed once the price reaches your predetermined profit target. This flexibility enables you to set your Stop Loss level below the current market price and your Take Profit level above it.

It’s important to note that Stop Loss (SL) and Take Profit (TP) are always linked to an active position or a pending order. You have the option to adjust them once your trade is live and you are monitoring market conditions. While they are not obligatory when opening a new position, it’s highly advisable to use them to safeguard your positions.

Adding Stop Loss and Take Profit Levels

The most straightforward method for incorporating Stop Loss (SL) and Take Profit (TP) levels to your existing position involves using a trade line on the chart. You can achieve this by merely dragging the trade line to a specific level either upwards or downwards.

After inputting your Stop Loss (SL) and Take Profit (TP) levels, the corresponding SL/TP lines will become visible on the chart. This feature allows for easy and efficient adjustments to the SL/TP levels.

You can also perform these actions using the "Terminal" module at the bottom of the platform. To add or modify SL/TP levels, you can right-click on your open position or pending order and select the "Modify/ Delete order" option.

The order modification window will open, giving you the ability to input or adjust your Stop Loss (SL) and Take Profit (TP) levels either by specifying the exact market price or by defining the point range from the current market price.

Trailing Stop

Stop Loss orders are primarily used to limit potential losses when the market moves against your position, but they also offer a clever way to secure your profits. This concept may initially seem counterintuitive, but it’s quite straightforward.

Imagine you’ve entered a long position, and the market is currently moving in your favor, resulting in a profitable trade. Your original Stop Loss, initially set below your entry price, can now be adjusted to your entry price (to break even) or even above it (to lock in a profit).

For an automated approach to this process, a Trailing Stop comes in handy. This tool is invaluable for effective risk management, especially in situations where prices fluctuate rapidly or when you’re unable to constantly monitor the market.

With a Trailing Stop in place, as soon as your position becomes profitable, it will automatically track the market price, preserving the established distance between them.

In line with the previous example, it’s crucial to understand that your trade must already be in a sufficiently profitable position for the Trailing Stop to move above your entry price to secure your profit.

Trailing Stops (TS) are linked to your active positions, and it’s essential to note that for a Trailing Stop on MT4 to function correctly, you must keep the trading platform open.

To configure a Trailing Stop, simply right-click on your open position in the "Terminal" window and indicate your preferred pip value as the gap between the Take Profit level and the current market price in the Trailing Stop menu.

Your Trailing Stop is now active, meaning that if prices move in a profitable direction, the Trailing Stop will automatically adjust the stop loss level to follow the price.

To deactivate your Trailing Stop, you can simply select "None" in the Trailing Stop menu. If you wish to disable it across all open positions, you can choose "Delete All".

As you can observe, MT4 offers various methods to safeguard your positions swiftly.

It’s important to note that while Stop Loss orders are a highly effective means of managing risk and limiting potential losses, they do not offer absolute security. While they are free and provide protection against adverse market movements, they cannot guarantee your position under all circumstances. In cases of sudden market volatility or price gaps beyond your stop level (when the market jumps from one price to the next without trading at the levels in between), your position may be closed at a less favorable level than initially specified. This phenomenon is known as price slippage.

For enhanced security against slippage, you can opt for guaranteed stop losses, which ensure that your position is closed at the specified Stop Loss level, even if the market moves against you. Guaranteed stop losses are available at no additional cost with a basic account.

How to Withdraw Money from LiteFinance

How to Withdraw Funds on the LiteFinance Web App

The initial step is to access the LiteFinance homepage using a registered account.

If you haven’t registered an account or are unsure about the login process, you can refer to the following post for guidance: How to Register Account on LiteFinance.

Once you’ve successfully logged in, navigate to the homepage and focus on the left-hand side of the screen. From there, click on the "FINANCE" symbol.

Choose "Withdrawal" to proceed to the withdrawal transaction.

Within this interface, the system offers a diverse range of withdrawal choices. Explore the list of alternative withdrawal methods in the suggested methods section by scrolling down (availability may vary based on your country).

Take your time to evaluate and opt for the best method with your preferences!

Bank Card

When opting for a bank card as a withdrawal method, it’s essential to take several crucial factors into account:

• The card you intend to use for withdrawals must be deposited at least once to activate the wallet (Otherwise, please contact the customer support team by clicking on the text "client support team").
• To use this payment method, you need to have yourself verified.  (If you haven’t verified your profile and bank card, see this post: How to Verify Account on LiteFinance).

With just a few simple steps below, you can proceed with your withdrawal:

1. Select the trading account that is available for withdrawal.
2. Choose the card to receive your money (if the card hasn’t been deposited at least once, select "ADD" to add the card).
3. Enter the amount of money to withdraw at a minimum of 10 USD or its equivalent in other currencies (If you enter an amount higher than the current balance in your account, the display will show the most elevated amount available in the selected account).
4. Select the general currency.
5. Check the amount you will receive after deducting the commission fees which are at least 10 USD(2% and a minimum of 1.00 USD/EUR).

Once you’ve finished, choose "CONTINUE" to access the next interface where you will follow the instructions and complete the withdrawal.

Electronic Systems

Here are the available electronic systems for withdrawing funds in LiteFinance. Choose the one you prefer and proceed to the next step.

There is also a tiny note: your wallet must be activated beforehand (by making at least one deposit) to enable withdrawals.

Here are some basic steps you need to follow to proceed with the withdrawal:

1. Select the trading account that is available for withdrawal.
2. Choose the wallet to receive your money (if the wallet hasn’t been deposited at least once, select "ADD" to add the wallet).
3. Enter the amount of money to withdraw at a minimum of 1 USD or its equivalent in other currencies (If you enter an amount higher than the current balance in your account, the display will show the most elevated amount available in the selected account).
4. Select the general currency.
5. Check the amount you will receive after deducting the commission fees (0.5%).

After completing these steps, select "CONTINUE". To finalize the withdrawal, follow the instructions on the next screen.

Cryptocurrencies

In this method, LiteFinance offers various options for cryptocurrency. Choose one of them according to your preference to initiate the withdrawal.

Here are some small notes to keep in mind when using this method:

• Your wallet must be activated before (by making at least one deposit). Otherwise, please contact the customer support team by clicking on the text "client support team".
• To use this payment method, you need to have yourself verified. If you haven’t verified your profile and bank card, see this post: How to Verify Account on LiteFinance.

Here are the steps you need to take to begin the withdrawal:

1. Select the trading account that is available for withdrawal.
2. Choose the wallet to receive your money (if the wallet hasn’t been deposited at least once, select "ADD" to add the wallet).
3. Enter the amount of money to withdraw at a minimum of 2 USD or its equivalent in other currencies (If you enter an amount higher than the current balance in your account, the display will show the most elevated amount available in the selected account).
4. Select the general currency.
5. Check the amount you will receive after deducting the 1 USD commission fee.

After finishing these actions, click on "CONTINUE". To complete the withdrawal, proceed with the guidance provided on the following screen.

Bank Transfer

For this method, you need to do a few things first, such as:

1. Select the trading account that is available for withdrawal.
2. Select one of your bank accounts that was saved from the deposit process. Besides, you could also click "ADD" to add your preferred account.
3. Enter the amount of money to withdraw at a minimum of 300,000 VND or its equivalent in other currencies (If you enter an amount higher than the current balance in your account, the display will show the most elevated amount available in the selected account).
4. Select the general currency.
5. Check the amount you will receive (This method is fee-free.).

After correctly following the above steps, choose the "CONTINUE" button to proceed to the next step.

Immediately, a confirmation form will appear, carefully review the information in the form, including:

1. The payment method.
2. The commission fees ( may vary depending on the country).
3. The chosen account.
4. The bank account that you added.
5. Enter the amount of money to withdraw at a minimum of 2 USD or its equivalent in other currencies  (If you enter an amount higher than the current balance in your account, the display will show the most elevated amount available in the selected account).
6. The amount of transfer.
7. The commission amount.
8. The money you will receive.
9. At this point, a confirmation code will be sent to your email or phone number within 1 minute. If you haven’t received the code, you can request to resend it every 2 minutes. After that, enter the code in the field (as shown below).

Finally, click "CONFIRM" to complete the withdrawal process.

Congratulations, you have completed the withdrawal process. You will receive a successful notification and be redirected to the main screen. All that’s left to do is wait for the system to process, confirm, and then transfer the money to your selected bank account.

Local Withdrawal

Similar to other methods, this method also requires you to provide some basic information such as:

1. Select the trading account that is available for withdrawal.
2. Choose the wallet to receive your money (The wallet you intend to use for withdrawals must be deposited at least once to activate the wallet. Otherwise, please contact the customer support team by clicking on the text "client support team").
3. Enter the amount of money to withdraw at a minimum of 1 USD or its equivalent in other currencies  (If you enter an amount higher than the current balance in your account, the display will show the most elevated amount available in the selected account).
4. Check the amount you will receive (this method is fee-free).
5. Your country of residence.
6. The region.
7. Postal code of your residence.
8. The city you live in.
9. Your address.

After completing the information, click on the "CONTINUE" button to continue. In this step, please follow the instructions on the screen to complete the withdrawal process.

How to Withdraw Funds with the LiteFinance App

Launch the LiteFinance mobile application on your smartphone. Then sign in to your trading account by entering your registered email and password. If you don’t have a registered account or are unsure how to log in, refer to this guide: How to Register Account on LiteFinance.
After successfully logging in, go to the "More" section.

Locate the "Finance" category and select it. You can usually find it in the primary menu or on the dashboard.

Choose "Withdrawal" to proceed to the withdrawal transaction.

Within the withdrawal area, you’ll find a range of deposit options. Kindly select your preferred method and refer to the respective tutorial for each method below.

Bank Card

First, scroll down under the "All withdrawal method" section, then select "Bank Card".

To utilize this payment method, it’s essential to have your verification process completed. (If your profile and bank card haven’t been verified yet, refer to this guide: How to Login to LiteFinance).

Next, fill in the information about your bank card and your transaction details to initiate the withdrawal process:

1. Select the trading account that is available for withdrawal.
2. Choose the card to receive your money (if the card hasn’t been deposited at least once, select "ADD" to add the card).
3. Enter the amount of money to withdraw at a minimum of 10 USD or its equivalent in other currencies (If you enter an amount higher than the current balance in your account, the display will show the most elevated amount available in the selected account).
4. Select the general currency.
5. Check the amount you will receive after deducting the commission fees which are at least 10 USD(2% and a minimum of 1.00 USD/EUR).

After completing the required information, click "CONTINUE" to proceed to the next screen, where you will receive instructions to finalize your withdrawal.

Cryptocurrencies

First, you need to select the available cryptocurrency in your country.

Please consider these important points when using this method:

• Ensure that your wallet is activated beforehand, which can be achieved by making at least one deposit. In case it isn’t activated, kindly reach out to our customer support team by clicking on the "client support team" link.
• To utilize this payment method, you must complete the verification process for yourself. If you haven’t already verified your profile and bank card, please refer to our guide on How to Verify Account on LiteFinance.

These are the required steps to initiate the withdrawal process:

1. Pick the trading account from which you wish to withdraw funds.

2. Select the wallet to receive your funds. If you haven’t added the wallet previously (by depositing at least once), click on "ADD" to include it.

3. Enter the withdrawal amount, which must be a minimum of 2 USD or equivalent in other currencies (If you input an amount higher than your current account balance, the system will display the maximum available amount in the chosen account).

4. Choose the preferred currency for the withdrawal.

5. Verify the final amount you will receive after the deduction of the 1 USD commission fee (may vary depending on country).

In the next step, please complete the remaining steps as instructed on the screen.

Bank Transfer

Firstly, please select the available bank transfer in your country.

Next, you will be required to provide some information to proceed with the withdrawal process:

1. Select the trading account that is available for withdrawal.
2. Choose the bank account if its information was saved before. Otherwise, tap "ADD" to add the bank account that you wish to withdraw from other than saved accounts.
3. Enter the money that you wish to withdraw at a minimum of 300000 VND or its equivalent in other currencies  (If you enter an amount higher than the current balance in your account, the display will show the most elevated amount available in the selected account).
4. Check carefully the money that you will receive.
5. Select the available currency to withdraw.

Once you have finished all the steps above, choose "CONTINUE".

At this step, the system will display a QR code for you to confirm. If the confirmation is successful and all information is correct, the system will notify you that "Your withdrawal request has been successfully sent". From that moment until you receive the money, it may take several minutes to a few hours.

Local Withdrawal

After selecting the available local withdrawal method, you will need to fill out some information to begin the withdrawal:

1. The available account for withdrawal.
2. The available wallet is saved from the deposit process. Additionally, you can also add the wallet you wish to withdraw by tapping on the "ADD" button.
3. Enter the money that you wish to withdraw (If you enter an amount higher than the current balance in your account, the display will show the most elevated amount available in the selected account).
4. The money that you will receive.

After filling out all the blanks, choose "CONTINUE".


Finally, in this stage, the system will present a QR code for your verification. If the verification is successful, and all the provided details are accurate, the system will inform you that your withdrawal request has been sent successfully. The duration between this point and when you receive the funds can vary, ranging from a few minutes to a few hours.

LiteFinance: Amplifying Your Trades, Elevating Your Withdrawals – Unleash Your Trading Potential!

In the dynamic realm of Forex trading, LiteFinance stands out as a beacon of innovation and efficiency. Navigating the intricacies of trading and withdrawals becomes a streamlined process, thanks to LiteFinance’s cutting-edge platform. As you trade Forex on LiteFinance, each strategic move contributes to the realization of your financial goals. When it’s time to reap the rewards of your successful trades, LiteFinance ensures a seamless withdrawal experience, putting your hard-earned profits at your fingertips. Join LiteFinance to experience a harmonious blend of advanced trading tools and swift, hassle-free withdrawals – because your success in trading deserves a platform that delivers excellence. Unleash your trading potential with LiteFinance!