How to Trade at SabioTrade for Beginners
How to Sign up for SabioTrade
How to Sign up for a SabioTrade Account with an Email
Start by launching your favorite web browser and going to the SabioTrade website.
Select the "Get funded now" button. This action will lead you to the Account Plans Section, where you can start creating your account.
In this section, various funded accounts will be available for you to choose from, each differing in Profit Payout, Refund, and One-Time Fee.
Please carefully consider and select the funded account that best suits your needs to start trading promptly by clicking "Get funded now".
As soon as you click the "Get funded now" button, you will be directed to SabioTrade’s signing-up page. There are 3 initial tasks you need to complete here:
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Please enter the email address you wish to use to receive login information and to serve as your username at SabioTrade.
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Confirm the entered email.
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Please tick the box declaring that you agree with the Terms Conditions and Privacy Policy.
Once you finish, choose "Next step" to continue.
Additionally, SabioTrade offers an enticing proposition for traders: a $20 discount code when purchasing a $20,000 funded account.
To use the discount code, please look to the right-hand side of the screen and enter the discount code into the empty field. Then, select "Apply" to apply the discount code.
In the next screen, you must provide some necessary information for SabioTrade to set up your account. This information includes:
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First name.
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Last name.
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Country.
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Region.
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City.
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Street.
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Post code.
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Phone number.
Afterward, when you scroll down, you will need to select a payment method, which includes two options:
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Credit/ Debit Card.
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Crypto Payment.
Then click "Proceed to Checkout".
Next, you will need to enter an additional email (which may be the same as the signing-up email) to ensure that in case of any issues, SabioTrade can contact and assist you.
Furthermore, you also need to check the first box to confirm that you agree to SabioTrade’s Privacy Policy. If you wish to receive promotional emails from Cryptopay, please check both boxes (this step is optional). Then, select "Continue".
Next is the payment step. For Crypto Payment, you will need to select a cryptocurrency to proceed with the payment, then select "Continue" to receive payment information.
Here, depending on the cryptocurrency you choose, the method of execution may vary (via QR code or payment link).
Please make sure that you send USDT within 10 minutes. Afterward, the rate will expire and you will have to create a new payment.
After completing the payment, it typically takes around 30 seconds to 1 minute for the system to confirm the payment.
If the screen displays "Success" as shown in the image below, you have successfully signed up and paid for SabioTrade’s funded account. Congratulations!
In that case, please select "Login" to be directed to SabioTrade’s login page and proceed with logging in.
At the same time, a congratulatory email containing login information and instructions has been sent to the email address you provided during signing-up process. Please check your inbox carefully.
This email includes your login information, including your username and password, to access your account.
At SabioTrade’s login page, please enter the login information provided in the email into the respective fields. Once you’ve completed this, select "Login".
Congratulations on successfully signing up for a funded account with SabioTrade. Don’t hesitate any longer; let’s start your trading journey right away!
How to Sign up for a SabioTrade Account on Mobile Browser
First, select the web browser you prefer to use, then access the SabioTrade mobile website to proceed with the signing-up process on your mobile device.
Please choose the "Get funded now" button. This selection will direct you to the Account Plans Section, enabling you to commence the process of setting up your account.
Within this section, you’ll find a range of funded accounts for you to explore, each offering varying Profit Payout, Refund, and One-Time Fee options. Take the time to review these options carefully and choose the funded account that aligns best with your requirements.
To initiate the trading process promptly, simply click on "Get funded now".
Upon clicking the "Get funded now" button, you will be promptly redirected to SabioTrade’s signing-up page. Here, you’ll need to complete three initial tasks:
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Enter the email address you wish to utilize for receiving login information and as your username on SabioTrade.
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Confirm the entered email address.
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Tick the box to indicate your agreement with the Terms and Conditions as well as the Privacy Policy.
Upon completion of these tasks, proceed by selecting "Next step" to continue.
Moreover, SabioTrade extends an attractive offer to traders, presenting a $20 discount code applicable when purchasing a $20,000 funded account.
To utilize the discount code, kindly locate the empty field situated on the right-hand side of the screen. Enter the discount code into this field, then click on "Apply" to activate the discount.
On the subsequent screen, you will be required to furnish essential information for SabioTrade to establish your account. This information includes:
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First name.
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Last name.
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Country.
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Region.
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City.
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Street.
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Post code.
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Phone number.
Subsequently, upon scrolling down, you will need to opt for a payment method, which encompasses two alternatives:
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Credit/Debit Card.
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Crypto Payment.
At this stage, the method of execution may vary depending on the cryptocurrency you select, which could involve either a QR code or a payment link.
It’s crucial to ensure that you send USDT within 10 minutes. Beyond this timeframe, the rate will expire, necessitating the creation of a new payment.
Upon completing the payment, the system typically requires approximately 30 seconds to 1 minute to confirm the transaction.
If you successfully signed up for a funded account, a congratulatory email containing login information and instructions has been sent to the email address you provided during signing-up process. Please check your inbox carefully.
This email includes your login information, including your username and password, to access your account.
On the SabioTrade login page, kindly input the login information provided in the email into the corresponding fields. Upon completion, proceed by selecting "Login".
Congratulations on successfully signing up for a funded account with SabioTrade right on your mobile device!
How to Trade Forex on SabioTrade
What is an Asset on SabioTrade
Assets, fundamental to trading, are financial instruments whose value drives market activity. At SabioTrade, you’ll find an extensive selection of assets covering various categories such as currencies, commodities, stocks, indices, cryptocurrencies, and more. This diverse range ensures that traders have ample opportunities to engage in markets that align with their strategies and preferences.
Firstly, click on the icon resembling the one described to view the available types of assets at SabioTrade.
You have the option to trade on multiple assets simultaneously. Simply click on the "+" button located beside the asset section. This allows you to add the chosen asset to your trading selection.
How to Trade Forex on SabioTrade
SabioTrade prides itself on delivering a user-friendly trading platform that not only streamlines the process of executing forex trades but also provides traders with advanced tools and features to enhance their trading experience. With intuitive navigation and robust functionalities, traders can analyze market trends, place trades swiftly, and manage their portfolios with ease.
Initially, navigate to "Assets" and then select "FOREX" to proceed with choosing the trading products. The profitability of each asset is determined by the "Spread" displayed next to it. A higher "Spread" indicates greater potential profitability in the event of a successful trade.
At the next step, to start trading, you will need to choose one of the two types of orders: "Buy" or "Sell".
In an order, there are several factors to consider, including:
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Quantity: the amount of the asset you want to trade with and the system will calculate the margin (required funds) to open the position.
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Open Pending Orders: To create a Pending Order, you simply need to open the "Sell/Buy when the price is" button, then select the desired price level, and your order will automatically open when the price reaches that threshold.
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Take Profit: Automatically close the order when the price moves against your position (i.e., when your account is in negative territory to automatically cut losses). It’s ESSENTIAL to set a Stop Loss on every order to minimize risk and avoid account depletion.
- Stop Loss: Automatically close the order when the price moves in favor of your position (i.e., when your account is in profit).
When you receive a notification that the order has been successfully created, you can check the status of the order:
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For any orders that belong to Pending Orders but have not met the conditions to open the order, they will be listed under "Pending", and the number of Pending Orders will be displayed right next to it.
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As for orders that are currently open, the number of orders as well as details about those orders will be displayed in the "Open Positions" section.
You can always view information about closed orders (whether they have hit Stop Loss, Take Profit, or have been closed manually) in the "Trading History" section.
How to trade CFD instruments (Crypto, Stocks, Commodities, Indices, ETFs) on SabioTrade
Our trading platform now offers a range of new CFD types, expanding your trading opportunities. These include cryptocurrencies, commodities, indices, and more.
In CFD trading, traders endeavor to predict the future direction of price movements to profit from the variance between current and future prices. CFDs mimic the behavior of conventional markets: when the market moves in your favor, your position is automatically closed upon reaching a predefined profit target known as Take Profit. Conversely, if the market moves against your position, it is closed to limit potential losses through a predefined level known as Stop Loss. Your profitability in CFD trading is determined by the difference between the price at which you entered the trade and the price at which it is closed.
The way you trade CFD instruments is similar to how you trade Forex. To start trading, you also select "Buy" or "Sell", then enter the trading information as follows:
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Quantity: This refers to the amount of the asset you wish to trade with. The system will then calculate the margin, which represents the required funds to open the position.
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Open Pending Orders: To create a Pending Order, simply click on the "Sell/Buy when the price is" button. Then, select your desired price level. Your order will automatically open when the market price reaches the specified threshold.
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Take Profit: This feature allows you to automatically close the order when the price moves against your position, helping to limit potential losses.
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Stop Loss: Similarly, Stop Loss automatically closes the order when the price moves in favor of your position, enabling you to secure profits. Setting a Stop Loss on every order is crucial for risk management and to prevent significant account depletion.
Once you have configured these parameters, click on "Place order" to finalize the creation of your orders.
Upon receiving a notification confirming the successful creation of an order, you can monitor its status as follows:
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Pending Orders: Orders that are yet to meet the conditions required for execution will be categorized under "Pending". The total number of pending orders will be indicated in this section.
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Open Positions: Orders that are currently active and executed will be listed in the "Open Positions" section. Here, you will find details about each open order, including the total number of active orders.
In the "Trading History" section, you can access information regarding closed orders, including those that have been closed due to hitting Stop Loss, Take Profit, or manual closure.
Trading CFD instruments on SabioTrade provides access to a wide range of market opportunities, encompassing cryptocurrencies and other CFDs. With a solid grasp of the fundamentals, implementation of effective strategies, and the user-friendly SabioTrade platform at their disposal, traders can embark on a fulfilling journey in the realm of CFD trading.
How to use Charts, Indicators, Widgets, Market Analysis on SabioTrade
SabioTrade provides traders with a comprehensive suite of tools designed to equip them with valuable insights and analytical capabilities. This guide will explore the effective utilization of charts, indicators, widgets, and market analysis features available on the SabioTrade platform. By harnessing these resources, traders can make informed decisions and elevate their trading experience to new heights.
Charts
The SabioTrade trading platform offers the convenience of customizing your presets directly on the chart. You can input order details in the box located on the left-side panel, apply indicators, and adjust settings—all while keeping your focus on the price action. This seamless integration enables traders to efficiently manage their trades and analyze market trends without interruption.
Looking to trade multiple options simultaneously? With the SabioTrade trading platform, you can run up to 9 charts concurrently and customize their types, including line, candlestick, bar, or Heikin-ashi charts. For bar and candle charts, you can set time frames ranging from 30 minutes to 1 month, accessible from the bottom left corner of the screen. This versatile setup allows traders to efficiently monitor and analyze multiple assets across various time frames to make well-informed trading decisions.
Indicators
To conduct comprehensive chart analysis, utilize a variety of indicators and widgets available on SabioTrade. These encompass momentum, trend, volatility, moving averages, volume, popular indicators, and more. SabioTrade boasts a curated selection of the most commonly used and essential indicators, empowering traders to gain deeper insights into market trends and make informed trading decisions.
When applying multiple indicators, you have the option to create and save templates for future use. This allows you to easily apply your preferred combination of indicators to charts whenever needed, streamlining your trading workflow on the SabioTrade platform.
Widgets
Widgets play a crucial role in enhancing decision-making capabilities. On SabioTrade, you can leverage a variety of widgets such as traders’ sentiment, high and low values, trades of other users, news, and volume. These widgets provide real-time insights, enabling you to monitor market changes effectively and make informed trading decisions with confidence.
Market Analysis
Regardless of whether you trade options, Forex, stocks, metals, or cryptocurrencies, staying informed about global economic developments is imperative. At SabioTrade, you can conveniently access market news within Traderoom’s Market Analysis section, eliminating the need to navigate away from your trading environment. The smart news aggregator provides insights into which assets are currently experiencing the highest volatility, while themed calendars offer valuable insights into optimal timing for taking action. This integrated approach empowers traders to make well-informed decisions by keeping abreast of market trends and events.
How to make a Withdrawal on SabioTrade
Requesting Payouts from Your Funded Account
When you are ready to request your payouts, you can place your request on the Profit Share section of your Sabio Dashboard. Your funded account will be temporarily frozen to withdraw your profit and deduct our profit share. You will receive the funds in your bank account, and regain access to your funded account to continue trading in as little as 24 hours.
Please note that the withdrawal will consist of 80% - 90% of your profit amounts in the funded account as per your purchased plan specifications.
How to Withdraw Money from SabioTrade
Step 1: Log In to Your SabioTrade Account
To initiate the withdrawal process, log in to your SabioTrade account provided after you pass the Assessment.
Step 2: Verify Your Identity
SabioTrade prioritizes security. Before initiating a withdrawal, you may be required to verify your identity by sending the essential materials to [email protected] with your signature on the documents. The required documents may include:
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An original picture of your ID, Passport, or Driving License ( the document should not be expired, it should contain your date of birth and a recent photo).
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A bank statement showing your address, a utility bill, a residence certificate from the municipality, or a Tax bill (this document should not be older than 6 months).
Step 3: Navigate to the Withdrawal Section
Locate the "Profit Share" section on your account dashboard, then click "Request Withdrawal". This is where you will begin the withdrawal process.
Please note that SabioTrade currently supports only wire transfers for withdrawals.
Step 4: Enter the withdrawal details
In this interface, you can request a payout by following these simple steps:
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Select one of your funded accounts that is eligible for withdrawals.
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Specify the amount of money you wish to withdraw in the provided field.
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Click "Request payout" to send it for approval.
Step 5: Monitor Withdrawal Status
After submitting your withdrawal request, monitor your account for updates on the withdrawal status via email. First, you will immediately receive an email confirming that your payout request has been successfully submitted.
Please note that payouts from a funded account take up to 3 business days to be processed. You will also receive an email confirming the approval of your payout request.
How long does it take to process the withdrawal on SabioTrade
Our team of experts needs a specific period to thoroughly assess and approve each withdrawal request, typically within 3 days.
Verifying your identity is crucial to prevent unauthorized access to your funds and confirm the authenticity of your request.
These steps are necessary to ensure the security of your funds, along with the verification procedures.
We process and send the money within the same 3-day period; however, your bank may need additional time to complete the transaction.
It may take up to 5 business days for the funds to be transferred to your bank account.
Frequently Asked Questions (FAQ)
Account
How Long does it take to receive my Assessment account?
Your Assessment account will be ready for trading within minutes of purchasing. Look for the credentials to your SabioTraderoom and SabioDashboard in your inbox immediately after completing your purchase. From the SabioDashboard you can follow up on your progress on your Assessment, request your future payouts, and access our Trading resources, Trading courses, and our Trading platform. From the SabioTraderoom, you can open and close your deals, apply your trading strategies, access our trading tools, check your trading history, etc.
Do I have to use one of your accounts for the Assessment or can I use my own?
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real-time for achievements or rule violations. As such, you must use an account that we provide to you.
What Countries are accepted?
All countries, excluding OFAC-listed countries, can take part in our program.
Where do I track the progress of my SabioTrade account?
Upon purchasing an Assessment or signing up for a Free Trial, you will receive access to the SabioDashboard where you can monitor your progress for your Assessment and Funded accounts. SabioDashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
Once I pass the Assessment am I provided with a demo or live account?
Once a trader passes the SabioTrade Assessment we provide them with a live account, funded with real money.
Trading
What is the best time to trade for trading?
Determining the optimal trading times is a multifaceted consideration, contingent upon various factors including your trading strategy, risk tolerance, and market conditions. It’s prudent to closely monitor the market timetable, particularly during the overlapping hours of the American and European trading sessions, as this period tends to witness heightened price dynamics, especially in currency pairs such as EUR/USD. Furthermore, staying abreast of market news and economic events that could potentially influence the movement of your chosen assets is paramount. For novice traders who may be less familiar with market dynamics, it’s advisable to exercise caution during periods of high volatility and to refrain from trading when prices are excessively dynamic. Taking these factors into account can help traders make more informed decisions and navigate the markets with greater confidence.
Can I hold positions over the weekend?
In SabioTrade, we require all trades to be closed by 3:45pm EST on Friday. Any trades left open after this time will automatically be closed. Please note that this is only a soft breach and you will be able to continue trading once the markets reopen. In other words, on the SabioTrade trading platform, you can do Day Trading (also known as Intraday Trading), or keep positions open for several days, but it is not possible to keep positions open during the weekend.
What is the minimum investment amount to open a trade?
The minimum investment amount to open a trade on SabioTrade is $1.
How does a multiplier work?
In CFD trading, you have the option to utilize a multiplier, also known as leverage, which enables you to control a position that exceeds the amount of capital invested. This allows for the potential amplification of returns, but it also increases associated risks. For instance, by investing $100 with a leverage of 10x, a trader can potentially achieve returns equivalent to a $1,000 investment. However, it’s important to bear in mind that this multiplier effect applies to potential losses as well, which can also be magnified several times over. Therefore, while leverage can enhance potential profits, it’s crucial to exercise caution and manage risk accordingly.
How to use Auto Close settings?
Traders utilize Stop Loss orders as a risk management tool to contain potential losses for an active position. These orders automatically trigger a sell order if the asset’s price moves unfavorably beyond a predefined level, helping traders limit downside risk.
Similarly, Take Profit orders serve to secure profits by automatically closing a position once a specified price target is reached. This allows traders to lock in gains without the need for continuous monitoring.
The parameters for both Stop Loss and Take Profit orders can be customized based on various criteria, including a percentage of the asset’s value, a specific monetary amount, or a predefined price level. This versatility empowers traders to tailor their risk management strategies according to their individual trading preferences and market conditions.
Withdrawal
How long does it take to receive my Funded account on SabioTrade?
Once you have passed your Assessment and have supplied your KYC documents, the account will be issued within 24-48 business hours.
What are the rules for the SabioTrade Funded account?
The rules for the SabioTrade Funded account are exactly the same as your SabioTrade Assessment account. However, with a Funded account, there is no cap on the profits you can generate.
When can I withdraw profits from my Funded account on SabioTrade?
You can withdraw your profits at any time. At the time of any withdrawal request, we will also withdraw our share of the profits made, as well.
Important Note: Once you request a withdrawal, your maximum trailing drawdown will be set at your starting balance.
What happens if I have a hard breach in my Funded account while in profit?
If you have profits in your Funded account at the time of a hard breach, you will still receive your portion of those profits.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we will close the account. Of the $10,000 in profits, you would be paid your 80% portion ($8,000).
Starting Your Trading Journey: A Beginner’s Guide to SabioTrade
In conclusion, trading at SabioTrade for beginners is made simple and accessible through its user-friendly platform and comprehensive resources. By following the steps provided in this guide, you can confidently open an account, understand the basics of trading, and start making informed trades. SabioTrade prioritizes the needs of novice traders by offering educational materials, intuitive trading tools, and robust customer support to help you every step of the way. With SabioTrade, you have a reliable partner to guide you through the initial stages of your trading journey, ensuring you have the knowledge and support to succeed. Embark on your trading adventure with SabioTrade today and take the first step towards achieving your financial goals.
