Getting Started Support | BlackBull Markets Trade with an award-winning broker Thu, 02 May 2024 22:34:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://blackbull.com/wp-content/uploads/2023/08/favicon-150x150.png Getting Started Support | BlackBull Markets 32 32 How to create your BlackBull Markets account? https://blackbull.com/en/support/how-to-create-an-account/ Tue, 16 Apr 2024 21:30:38 +0000 https://blackbull.com/?post_type=docs&p=96546 Step 1. From the blackbull.com homepage, enter your email address and click “Join Now.” Step 2.   Enter your personal details and set a password for your BlackBull Markets Account. Step 3.   State your account type and input your residential address. Step 4.   Select the conditions for your first trading account, including whether […]

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Step 1.

From the blackbull.com homepage, enter your email address and click “Join Now.”

Step 2.

 

Enter your personal details and set a password for your BlackBull Markets Account.

Step 3.

 

State your account type and input your residential address.

Step 4.

 

Select the conditions for your first trading account, including whether you want a Standard or Prime account.

Step 5.

 

State your employment information and source of funds.

Step 6.

 

You may have to complete a suitability quiz. Answer at least 4 out of 5 questions correctly to proceed.

 

Step 7.

 

Verify your account by providing a scan or photograph of an ID (such as a passport or driver’s license) along with a proof of address document.

 

Full Tutorial: How to verify your account?

Step 8.

 

Your application will be reviewed by our support team. Please fund your wallet in anticipation of its approval.

 

Full Tutorial: How to fund your account?

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How to verify your account? https://blackbull.com/en/support/how-to-verify-your-account/ Tue, 16 Apr 2024 21:31:04 +0000 https://blackbull.com/?post_type=docs&p=96548 The last step before submitting your application is to confirm your identity.   Step 1.   Select the proof of ID type that you want to submit from the dropdown menu.   If you are submitting a driver’s license or a national ID card, we require a scan or photograph of both sides of the […]

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The last step before submitting your application is to confirm your identity.

 

Step 1.

 

Select the proof of ID type that you want to submit from the dropdown menu.

 

If you are submitting a driver’s license or a national ID card, we require a scan or photograph of both sides of the id. 

Step 2.

 

Select the proof of address type that you want to submit. We accept bank statement, credit card statements, government cards and utility bills. 

Step 3.

 

Your application will be reviewed by our support team. Please fund your wallet in anticipation of its approval.

 

Full Tutorial: How to fund your account?

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How to fund your account? https://blackbull.com/en/support/how-to-fund-your-account/ Thu, 25 Apr 2024 22:20:26 +0000 https://blackbull.com/?post_type=docs&p=98884 Step 1.   Visit the My Wallet tab and click Add Funds on the wallet that you want to fund.  Step 2.   Choose a funding method. Step 3.   State the amount you want to deposit and follow through to the payment portal.  Step 4.   After funding your wallet, and after your application has […]

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Step 1.

 

Visit the My Wallet tab and click Add Funds on the wallet that you want to fund. 

Step 2.

 

Choose a funding method.

Step 3.

 

State the amount you want to deposit and follow through to the payment portal. 

Step 4.

 

After funding your wallet, and after your application has been approved, you can transfer the funds to your trading account. 

 

Visit the Internal Transfer tab:

 

• Choose a wallet as the Transfer From source.

 

• Choose a trading account as the Transfer To target.

 

Full Tutorial: How to transfer funds internally?

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How to connect to your trading platform? https://blackbull.com/en/support/how-to-link-your-trading-platform/ Tue, 16 Apr 2024 21:32:40 +0000 https://blackbull.com/?post_type=docs&p=96552 How to connect to MetaTrader 4 (MT4)? Step 1.   Visit the Accounts tab, click on the three dot menu on the trading account and select reset password. Step 2.   Type a password into each input box and click submit.  Step 3.   Visit the Trading Platforms tab, and download the appropriate MetaTrader 4 (MT4) version […]

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How to connect to MetaTrader 4 (MT4)?

Step 1.

 

Visit the Accounts tab, click on the three dot menu on the trading account and select reset password.

Step 2.

 

Type a password into each input box and click submit. 

Step 3.

 

Visit the Trading Platforms tab, and download the appropriate MetaTrader 4 (MT4) version for your device.

Step 4.

 

Open MT4 and click on the File tab at the top of the platform.

Step 5.

 

Click Log into Trade Account and use the account number and password associated with your account. 

How to connect to MetaTrader 5 (MT5)?

Step 1.

 

Visit the Accounts tab and click on the three dot menu on the trading account and select reset password.

Step 2.

 

Type a password into each input box and click submit. 

Step 3.

 

Visit the Trading Platforms tab, and download the appropriate MetaTrader 5 (MT5) version for your device.

Step 4.

 

Open MT5 and click on the File tab at the top of the platform.

Step 5.

 

Click Log into Trade Account and use the account number and password associated with your account. 

How to connect to TradingView?

Step 1.

 

Visit and log into the TradingView website.

Step 2.

 

Visit any chart.

Step 3.

 

Click on the Trading Panel tab and choose BlackBull Markets as the broker. Then click Connect.

Step 4.

 

Click Allow on the verification page and you’ll be taken back to TradingView.

How to connect to cTrader?

Step 1.

 

Visit your email inbox. You will have received an email in which you can find your cTrader trading account number and set your trading account password. 

Step 2.

 

Visit the Trading Platforms tab, and download the appropriate cTrader version for your device.

Step 3.

 

After downloading cTrader, enter your email or cTrader ID in combination with the password you set for your account.

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How to place your first trade? https://blackbull.com/en/support/how-to-place-your-first-trade/ Tue, 16 Apr 2024 21:33:37 +0000 https://blackbull.com/?post_type=docs&p=96554 MetaTrader 4 (MT4) Step 1.   Open a chart and click New Order. Step 2.   Choose your order details. Step 3. Activate order by clicking Sell by Market or Buy by Market. MetaTrader 5 (MT5) Step 1.    Open a chart for an asset and click New Order. Step 2.   Choose your order details. […]

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MetaTrader 4 (MT4)

Step 1.

 

Open a chart and click New Order.

Step 2.

 

Choose your order details.

Step 3.
 
Activate order by clicking Sell by Market or Buy by Market.

MetaTrader 5 (MT5)

Step 1. 

 

Open a chart for an asset and click New Order.

Step 2.

 

Choose your order details.

Step 3. 

 

Activate order by clicking Sell by Market or Buy by Market.

TradingView

Step 1.

 

Click the Trade button. 

Step 2.

 

Choose your order details.

Step 3.

 

Activate the order.

cTrader

Step 1. 

 

Visit the new order window and choose whether you want to enter a long or short position.

  •  
Step 2.
 

Choose a lot size, and set your take profit/ stop loss levels.

Step 3.
 

Click Place Order.

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What is the suitability quiz? https://blackbull.com/en/support/what-is-the-suitability-quiz/ Wed, 23 Aug 2023 18:10:41 +0000 https://staging.blackbull.com/?post_type=docs&p=9489 The suitability quiz does not apply to your location. When applying for an account with BlackBull Markets, you may have to complete a suitability quiz. You will be given 7 minutes to answer 5 multi-choice questions. You’ll need to answer at least 4 questions correctly in order to pass.

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The suitability quiz does not apply to your location.

When applying for an account with BlackBull Markets, you may have to complete a suitability quiz. You will be given 7 minutes to answer 5 multi-choice questions. You’ll need to answer at least 4 questions correctly in order to pass.

Suitability Quiz Practice Questions

Suitability Quiz

  • Your position size should be based on…
    Your position size should be based on... 
    • Your decided risk comfort level
    • How much profit you want to make
    • The volatility of the currency pair you are trading
    • How lucky you feel
      Your position size, or the amount of a financial asset you choose to buy or sell, should be based on your decided risk comfort level. By aligning your position size with your risk comfort level, you can manage and control the potential losses and returns associated with your trades, ensuring they are within your acceptable risk parameters.
  • What is the definition of a Spread?
    What is the definition of a Spread?
    • The difference between the buy and sell price
    • The difference between the margin and the free margin
    • The difference between an uptick and a downtick
    • The difference between a pip and a point
      In the context of financial markets, the spread refers to the difference between the bid price and the ask price of a particular asset and it fluctuates based on market conditions and the supply and demand for the asset.
  • What is the base currency in the pair GBP/AUD?
    What is the base currency in the pair GBP/AUD?
    • GBP
    • AUD
    • USD
    • None of the above 
      In currency trading, currency pairs are quoted in terms of one currency against another. The base currency is the currency that appears first in the pair, and it is the currency against which the exchange rate is quoted.
  • What is technical analysis?
    What is technical analysis? 
    • An evaluation of investments to identify trading opportunities by analysing statistical trends gathered from trading activity, such as price movement and volume
    • The examination of measure a security's intrinsic value by examining related economic and financial factors, which can be both qualitative and quantitive in nature
    • A market interpretation based on differences in countries interest rates
    • How you fundamentally feel about the market
     
    Technical analysis is a method of evaluating and forecasting future price movements of financial assets, such as stocks, currencies, or commodities, based on historical price and volume data
  • What is fundamental analysis?
    What is fundamental analysis? 
    • The examination of measure a security's intrinsic value by examining related economic and financial factors, which can be both qualitative and quantitive in nature
    • A market interpretation based on differences in countries interest rates
    • How you fundamentally feel about the market
    • An evaluation of investments to identify trading opportunities by analysing statistical trends gathered from trading activity, such as price movement and volume
     
    Fundamental analysis is a method used to evaluate and analyze the intrinsic value of an asset, such as stocks, bonds, or currencies, based on economic, financial, and qualitative factors.
  • What is a variable spread?
    What is a variable spread? 
    • A spread that changes through the trading day
    • A spread that remains the same through the trading day
    • A spread that remains the same for 3 trading days in a week and then changes
    • A spread that is permanently 1
      Unlike a fixed spread, which remains constant, a variable spread can change dynamically based on market conditions, liquidity, and volatility.
  • What is a support level?
    What is a support level? 
    • A low-price for a security or commodity below which prices do not ordinarily fall
    • An upper price level for a security or commodity that is repeatedly reached but not exceeded due to resistance from the market
    • The amount needed to support your trading
    • The amount needed to open a trade
      A support level in technical analysis refers to a specific price level or range at which an asset has historically experienced buying pressure and prevented further downward price movement.
  • What is a resistance level?
    What is a resistance level? 
    • An upper price level for a security or commodity that is repeatedly reached but not exceeded due to resistance from the market
    • A low-price for a security or commodity below which prices do not ordinarily fall
    • The amount needed to support your trading
    • The amount needed to open a trade
     
    A resistance level in technical analysis refers to a specific price level or range at which an asset has historically experienced selling pressure and prevented further upward price movement
  • What information does a Japanese candle stick provide you?
    What information does a Japanese candle stick provide you? 
    • The open, close, high, and low prices of a currency pair
    • The projected high and low values for the currency pair during the time period selected
    • Time in Japan
      Japanese candlesticks are graphical representations of price movements in financial markets, displaying the open, close, high, and low prices within a given time period
  • What does bid price mean?
    What does bid price mean? 
    • Price that buyers are willing to pay for an instrument
    • Buy price from 1 year ago
    • Average buy price
    • Measure of stock dividend 
      The bid price refers to the price at which a buyer is willing to purchase a particular asset in a financial market. It is one of the key components in determining the current market value of an asset.
  • What does ask price mean?
    What does ask price mean? 
    • Price which seller are willing to take for instrument
    • Expected swap short
    • Interest rate differential
    • Australian government bond yield
     
    The ask price refers to the price at which sellers are willing to sell a particular asset in the market.
  • What causes currency prices to change?
    What causes currency prices to change? 
    • Economic Factors
    • Political Factors
    • Central Bank intervention
    • All of the above
     
    Currency prices can change due to a variety of factors, including economic factors, political factors, and central bank intervention.
  • What asset class would define WTI Crude?
    What asset class would define WTI Crude? 
    • A commodity
    • Forex Pair
    • Stock Index
    • Stock
      WTI Crude belongs to the asset class of commodities. Commodities are tangible goods or raw materials that are interchangeable with other goods of the same type and have standardized qualities.
  • What asset class would define USDJPY?
    What asset class would define USDJPY? 
    • Forex Pair
    • Stock
    • CFD Index
    • An Energy
     
    USDJPY is a currency pair consisting of the United States Dollar (USD) and the Japanese Yen (JPY), making it a part of the foreign exchange (forex) asset class.
  • What are swaps?
    What are swaps? 
    • Interest rate adjusted on open positions to a liquidity provider to hold a position overnight
    • The trades that are opened and closed on the FX market every day
    • Random amounts charged to clients by brokers
    • None of the above
     
    In forex trading, swaps, also known as rollovers or overnight interest, refer to the interest payments or credits that occur when a forex position is held overnight. Forex swaps are essentially the difference in interest rates between the two currencies involved in a currency pair.
  • To find the correct position size for an EURAUD trade being made by an account denominated in USD, you will need the conversion rate for which pair?
    To find the correct position size for an EURAUD trade being made by an account denominated in USD, you will need the conversion rate for which pair? 
    • AUD/USD
    • EUR/JPY
    • EUR/USD
    • No pair necessary
      Since the account is denominated in USD and the trade involves the EURAUD pair, you need to convert the EURAUD position to USD. To do this, you would multiply the position size in EUR by the AUD/USD exchange rate. This conversion allows you to determine the equivalent value of the EURAUD position in USD.
  • Assuming you have 50k in your account and you wish to risk 2%. You want to trade USDCHF with a 50-pip stop loss. If USDCHF is currently priced at 0.9000 how many units should you trade?
    Assuming you have 50k in your account and you wish to risk 2%. You want to trade USDCHF with a 50-pip stop loss. If USDCHF is currently priced at 0.9000 how many units should you trade? 
    • 180K units
    • 90K units
    • 18K units
     
    To adhere to a 2% risk limit with a 50-pip stop loss, and assuming a USDCHF exchange rate of 0.9000, you should trade approximately 1.8 standard lots (or 180K units). If you have a 50,000 USD account and you want to risk 2% of it, that amounts to 1,000 USD. With a 50-pip stop loss and assuming a USDCHF exchange rate of 0.9000, you can calculate the position size. By dividing the risk amount by the product of the stop loss in pips and the pip value (obtained by converting the CHF pip value to USD), the position size is approximately 1.8 standard lots of USDCHF.

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