One of the main aim of creating a forex investor password is to give a third party the ability of having the log in details of a trader's account to see his/her trading history, without having to alter the performance of the account.
WHAT EXACTLY IS FOREX INVESTORS PASSWORD
This is a password that enable traders share their strategy, join performance, share trading data etc. This password gives a third party the access to this information to check the trading history and performance while the trader who owns the account enjoys a rest of mind as he/she is assured his performance cannot be altered by the third party accessing his account base on the password they possess.
DIFFERENCE BETWEEN MASTER PASSWORD AND INVESTOR PASSWORD
Many traders often find it difficult to distinguish between a master password and a password, which might make some traders skeptical when it comes to sharing their investor password. The master password is the password a trader keeps confident as it gives the trader the access to alter and make a trade order, while an investor password merely gives information such as price level of trade opening and closing, timing to other traders and brokers but do not provide control to the trader's account.
GUIDELINES ON CRATING A FOREX INVESTOR'S PASSWORD
Creating a password is very easy, the following guidelines are here to help guide a trader in creating an investor's password:
Log on to the account
Check for the TOOLS>OPTION and select it on the top menu bar or alternatively press Ctrl and O
Click on the server tab
And then select change
after selecting change type in the current master password
If the password is not check already, you are to “select investor password”
Then type in the new password in the “new password” text field, note: make sure it is not the same as your master password.
At the second "Confirm" text field retype the new password
At the completion of these steps you have successfully crated an investor password.
HOW TO RESET AN INVESTOR PASSWORD
In situations where a trader has forgotten his/her password or need to reset the old one, the following steps will help:
First go to the top menu bar and select "Tools" and then click the "options" icon
After clicking the options icon a pop up window will display, then go to the "server tab" and click on the “change" icon
A window will display that enables change and confirmation of new password.
Forex investor’s password gives a broker or other traders the access to peripheral information of a trader's trading account, but not the ability to alter trade orders or other key orders which only master password provides so it is important for a trader to understand the difference between them before giving any out.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.