A Comprehensive Guide on Investing with MT4 in Mongolia
Welcome to the world of forex trading with MetaTrader 4 (MT4), a powerful platform to help you navigate the dynamic FX market.
Forex is a global marketplace beyond the Tugrik, where currencies are bought and sold. It operates 24 hours a day, five days a week, allowing you to take advantage of trading opportunities around the clock. With MT4, you can access various currency pairs and analyse market trends to make informed trading decisions.
In this comprehensive guide, we will walk you through the key features of MT4 and provide step-by-step instructions on setting up a trading account in Mongolia, navigating the platform, conducting market analysis, placing trades, and monitoring your positions. Whether you're interested in fundamental analysis, technical indicators, or automated trading, MT4 has you covered. So, let's start.
1. Understanding MetaTrader 4
MetaTrader 4 (MT4) is a popular Forex trading platform in Mongolia (and worldwide) due to the accessibility it provides to trade various financial instruments. It provides a comprehensive set of features and tools that enable investors to analyse market trends, execute trades, and manage their investment portfolios efficiently.
1.1 Key Features of MT4
MT4 offers a range of powerful features that make it a preferred choice for traders:
Advanced charting tools: MT4 provides customisable charts with various timeframes, technical indicators, and drawing tools. Traders can analyse price movements, identify trends, and make informed trading decisions.
Order execution: The platform allows instant execution of trades, ensuring timely entries and exits from the market. Traders can execute market orders, limit orders, stop orders, and more.
Technical analysis: MT4 has many built-in technical indicators, such as moving averages, oscillators, and trend lines. Traders can apply these indicators to charts, conduct technical analysis, and identify potential trading opportunities.
Automated trading: MT4 supports using Expert Advisors (EAs) and automated trading systems. Traders can develop or use pre-built EAs to execute trades based on predefined rules, strategies, and algorithms.
Mobile and web trading: MT4 is available on mobile devices (iOS and Android) and web browsers. This allows traders to access their accounts, monitor positions, and trade on the go, providing flexibility and convenience.
1.2 Selecting a Reliable Broker
When using MT4, choosing a reputable broker that supports the platform is crucial. Note that trading with an FX broker significantly differs from investing with a regular, old-fashioned stockbroker such as Khan Bank. So it would be best if you considered the following aspects when selecting a Forex broker:
Regulation: Ensure a recognised financial authority regulates the broker. Regulation helps protect your investments and ensures fair trading practices.
Trading conditions: Evaluate the broker's trading terms, including spreads, commissions, leverage, and minimum deposit requirements. Compare these factors with your investment goals and preferences.
Asset selection: Check if the broker offers a wide range of tradable assets, such as currency pairs, commodities, stocks, and indices. Diversification can help reduce risk and maximise investment opportunities.
Platform compatibility: Verify that the broker provides MT4 as a trading platform option. Additionally, consider the availability of other platforms if you prefer to explore alternative options.
Customer support: Look for brokers with responsive customer support. Accessible and helpful support can assist you in resolving any platform or account-related issues efficiently.
1.3 The Relationship between MT4 and the Forex Markets
MT4 is intimately connected to the forex markets, providing traders with a comprehensive platform to participate in currency trading. MT4 is the main gateway for accessing the global forex markets in terms of the number of users, liquidity and brokers offering it as their central trading platform.
1.3.1 Access to Multiple Currency Pairs
MT4 allows traders to access currency pairs from major, minor, and exotic currencies, including popular pairs like EUR/USD, GBP/USD, and USD/JPY and lesser-known pairs such as AUD/NZD or CAD/CHF. It also allows other assets like commodities and indices. This extensive selection enables traders to explore various currency combinations and assets and seize opportunities based on their market analysis and FX trading strategies.
1.3.2 Real-Time Market Data and Charting
One of the critical strengths of MT4 is its ability to provide real-time market data and advanced charting capabilities. Traders can monitor live prices, view historical data, and analyse currency pair movements using a variety of chart types, including line charts, bar charts, and candlestick charts. These charts can be customised with different timeframes, technical indicators, and drawing tools to assist in identifying trends, patterns, and potential entry or exit points.
By selecting a reliable broker supporting MT4, investors can access the platform's robust features and enjoy a secure trading environment. It is crucial to conduct exhaustive research and due diligence before choosing a broker. Following there's our top 3 list of brokers granting access to MT4, available to brokers in Mongolia.
Top Brokers with MT4 for Mongolian traders
2. Setting Up Your MT4 Account
You'll need to set up your MT4 account before you start. Follow the steps below to create and configure your account:
2.2 Account Registration
Once you have selected a broker, follow these steps to register your MT4 account:
Visit the broker's website and look for the account registration page.
Click the "Open an Account" or "Register" button to initiate the account creation process.
Provide the required personal information, including your full name, email address, phone number, and country of residence.
Choose the account type that aligns with your investment goals and risk tolerance. Common types include standard, mini, and micro-accounts.
Read and accept the broker's terms and conditions and any legal agreements.
Submit the registration form and wait for confirmation of your account.
2.3 Account Verification
Many brokers require account verification to comply with regulatory standards and ensure the security of your funds. The verification process typically involves the following steps:
Submit identification documents: Provide scanned copies or photos of your valid identification documents, such as a passport or Citizen ID Card. Some brokers may also require proof of address, such as a utility bill (Example: NPTGC Bill) or bank statement.
Upload documents: Use the broker's secure online portal or email to upload the necessary documents. Ensure that the documents are clear and legible.
Wait for verification: The broker's compliance team will review your documents. Depending on the broker's procedures, this process may take a few hours to several business days.
Account approval: Once your documents are approved, you will receive confirmation that your account has been successfully verified.
2.4 Downloading and Installing MT4
After your account is verified, you can proceed with downloading and installing the MT4 platform:
Visit the broker's website and log in to your account using the provided credentials.
Look for the "Download" or "Platform" section on the website.
Select the appropriate version of MT4 for your operating system (Windows, macOS, or mobile devices).
Click on the download link to start the download process.
Once the download is complete, locate the downloaded file and run the installation wizard.
Follow the on-screen instructions to install MT4 on your computer or mobile device.
Launch the MT4 platform and log in using your account credentials.
2.5 Account Configuration
When you log in to MT4 for the first time, you may need to configure specific settings:
Server selection: Choose the appropriate server provided by your broker.
Account Login: Enter your account number and password provided by the broker during the registration process.
Chart preferences: Customize the appearance of your charts, such as the colour scheme, chart type, and timeframe.
Asset Watchlist: Set up the FX pairs and assets you wish to follow and have quick access.
Indicator installation: If you have specific indicators you want to use, install them by locating the "Indicators" folder within the MT4 directory and copying the indicator files into it.
Notifications and alerts: Configure email or mobile push notifications to receive alerts about your trades or market conditions.
Test connection: Verify your account is connected correctly by opening a demo chart and ensuring real-time data updates.
Once your MT4 account is set up and configured, you can explore the platform's features, conduct market analysis, and start trading Forex.
3. Navigating the MT4 Interface
Once you have set up your MT4 account, it's essential to accustom yourself to the platform's interface. Understanding how to navigate MT4 efficiently will help you make informed investment decisions and execute trades effectively. Let's explore the main components of the MT4 interface:
3.1 Main Menu
The main menu is located at the top of the MT4 platform. It provides access to various features and functionalities:
File: Options to open new charts, access account history, and exit the platform.
View: Customize the platform's appearance, including toolbar visibility, chart properties, and language settings.
Insert: Add additional tools to your charts, such as indicators, trend lines, and shapes.
Format: Modify the properties of selected objects on the chart, such as colours, line styles, and fonts.
Tools: Access various tools, including the built-in economic calendar, alerts, and global settings.
Window: Manage multiple open charts, arrange them in a tiled or cascading manner, and access the Market Watch and Navigator windows.
Help: Get assistance and access support resources, including the MT4 user guide and community forums.
3.2 Market Watch
The Market Watch window displays a list of tradable instruments from your broker. It provides essential information, including bid/ask prices, spread, and trading symbols. Key features include:
Adding symbols: Right-click within the Market Watch window and select "Symbols" to view and add additional instruments to your watchlist.
Sorting: Click on the column headers to sort instruments based on price, symbol, or spread.
Context menu: Right-click on an instrument to access additional options, such as opening a chart, placing an order, or viewing instrument specifications.
3.3 Navigator
The Navigator window provides a hierarchical view of your trading account, including account details, indicators, expert advisors, and custom indicators. Key features include:
Accounts: View and manage multiple trading accounts if you have them linked to your MT4 platform.
Indicators: You can access and apply various technical indicators to your charts to help with market analysis.
Expert Advisors (EAs): Manage and apply automated trading systems (EAs) to execute trades based on predefined rules.
Scripts: Utilize custom scripts for specific trading actions, such as opening multiple trades with preset parameters.
Custom Indicators: Upload and use custom indicators you or other traders created.
3.4 Charting Tools
Charts are a fundamental component of MT4, allowing you to analyse price movements and identify potential trading opportunities. Explore the various charting tools available:
Timeframes: Choose from multiple timeframes (e.g., 1 minute, 5 minutes, 1 hour) to analyse price data.
Chart types: Select from different chart types, including candlestick, bar, and line charts, depending on your preference.
Technical Indicators: Apply built-in or custom technical indicators to gain insights into market trends, volatility, and momentum.
Drawing tools: Use trend lines, support and resistance levels, and Fibonacci retracements to identify key price levels.
Templates: Save and apply chart templates to quickly switch between preferred chart setups.
3.5 Trade Terminal
The Trade Terminal overviews your open positions, account balance, equity, and margin. Key features include:
Trade Management: Monitor and manage your open positions, including modifying stop-loss and take-profit levels.
Order Placement: Enter the market or pending orders directly from the Trade Terminal.
Trade History: View a record of your closed trades, including entry and exit prices, profits, and losses.
Account Information: Access vital account details, such as margin level, free margin, and account balance.
3.6 Terminal
The Terminal window provides real-time information about your account activity, trade history, and news. Key features include:
Trade tab: Monitor your open positions, including profit/loss, margin, and swap rates.
Account History: Review the detailed history of your trades, including entry and exit points, profits, and losses.
News: Access the latest financial news and announcements that may impact the markets.
Alerts: Set up price alerts to notify you when certain market conditions are met.
Understanding and navigating the various components of the MT4 interface is essential for effective trading. Spend time exploring and getting comfortable with each feature to optimise your trading experience.
4. Conducting Market Analysis
Market analysis is a crucial step in making informed investment decisions. MT4 provides various tools and features to assist you in analysing the markets effectively. Let's now dig into the critical methods of conducting market analysis:
4.1 Fundamental Analysis
Fundamental analysis involves evaluating economic, financial, and geopolitical factors that can influence the value of financial instruments. Here are some key aspects of fundamental analysis:
Economic Indicators: Monitor economic indicators, such as GDP, inflation rates, interest rates, and employment data, to assess the health of an economy.
News Events: Stay informed about important news events, including central bank announcements, earnings reports, and geopolitical developments, as they can impact market sentiment.
Company Analysis: Evaluate the financial health, earnings reports, and industry position of individual companies, especially when trading stocks or equities.
Industry Analysis: Study-specific industries' trends, competition, and regulations to understand potential market movements.
4.2 Technical Analysis
Technical analysis involves analysing historical price data and patterns to forecast future price movements. MT4 offers a wide range of technical analysis tools. Consider the following techniques:
Candlestick Patterns: Learn and interpret various candlestick patterns, such as doji, engulfing, and hammer, to identify potential trend reversals or continuation.
Support and Resistance Levels: Identify support and resistance levels on price charts, representing areas where prices will likely reverse or consolidate.
Chart Patterns: Recognize patterns such as head and shoulders, double tops/bottoms, triangles, and flags, which can provide insights into potential price movements.
Technical Indicators: Utilize a wide range of technical indicators, including moving averages, oscillators (e.g., RSI, MACD), and Bollinger Bands, to analyse price trends and identify entry/exit points.
Fibonacci Retracement: Apply Fibonacci retracement levels to identify potential support and resistance zones based on Fibonacci ratios.
4.3 Sentiment Analysis
Sentiment analysis involves assessing market sentiment and the prevailing mood of traders. Although subjective, it can provide insights into potential market reversals or continuations. Consider the following factors:
Market News: Monitor news, social media, and online forums to gauge the overall sentiment towards specific financial instruments.
Trader Positioning: Analyze the positioning of traders in the market through tools such as the Commitment of Traders (COT) report, which shows the positions of commercial and non-commercial traders.
Sentiment Indicators: Some platforms offer sentiment indicators that aggregate the overall market sentiment based on various sources.
4.4 Multiple Timeframe Analysis
Multiple timeframe analysis involves analysing price charts across different timeframes to gain a comprehensive market view. Consider the following approaches:
Higher Timeframe Analysis: Analyze higher timeframes, such as daily or weekly, to identify long-term trends and critical support/resistance levels.
Lower Timeframe Analysis: Use lower timeframes, such as 1 hour or 15 minutes, for precise entry and exit points and to fine-tune your trading strategy.
Aligning Timeframes: Ensure that the trends and patterns identified across different timeframes align to increase the probability of a successful trade.
Combining these different market analysis methods can provide you with a well-rounded perspective and increase the accuracy of your investment decisions. Experiment with different techniques and find a strategy that suits your trading style.
5. Placing Trades
Once you have conducted your market analysis and identified a potential trading opportunity, it is time to execute your trades. MT4 provides several order types and features to help you place trades effectively. Let's explore the process of placing trades on MT4:
5.1 Order Types
MT4 offers various order types to accommodate different trading strategies and market conditions:
Market Order: A market order is executed immediately at the current market price. It is suitable when you want to enter or exit a trade quickly.
Limit Order: A limit order allows you to specify a specific price you want to buy or sell. It will be executed only if the market reaches that price.
Stop Order: A stop order is used to enter or exit a trade when the market reaches a specific price level. It is commonly used to limit potential losses or capture profits.
Stop-Loss Order: A stop-loss order automatically closes a trade if the market moves against your position, limiting potential losses.
Take-Profit Order: A take-profit order automatically closes a trade when the market reaches a specified profit target.
Trailing Stop: A trailing stop order adjusts the stop-loss level as the market moves in your favour, locking in profits while allowing for potential further gains.
5.2 Placing a Trade
To place a trade on MT4, follow these steps:
Choose the Instrument: Select the desired financial instrument from the Market Watch window.
Right-click on the Chart: Right-click and select "Trading" from the context menu.
Select Order Type: Choose the appropriate order type based on your trading strategy and market conditions.
Specify Trade Parameters: Enter the trade parameters, including the trade size (lot size), stop-loss level, take-profit level, and any additional parameters required.
Click Buy/Sell: Click the "Buy" or "Sell" button to execute the trade.
Monitor Your Trade: Monitor your trade through the Trade Terminal or the Terminal window to track its progress.
5.3 Managing Your Trades
After placing a trade, you should be able to manage your positions effectively. Consider the following actions:
Stop-Loss and Take-Profit: Set appropriate stop-loss and take-profit levels to manage risk and protect profits.
Modify Orders: If necessary, you can modify your existing orders by right-clicking on the trade in the Trade Terminal or Terminal window and selecting "Modify or Delete Order".
Close Trades: When you decide to exit a trade, right-click on the trade in the Trade Terminal or Terminal window and select "Close Order".
Trailing Stop: Utilize a trailing stop to protect your profits by automatically adjusting the stop-loss level as the market moves in your favour.
Monitor Trade Progress: Monitor your trades, regularly reviewing their performance and adjusting your strategy as needed.
It is vital to manage and follow your trading plan when placing trades. You should consider using demo accounts or starting with smaller position sizes until you become comfortable with the process.
6. Monitoring and Analyzing Trades
Once you have placed trades, it is time to monitor and analyse their progress. MT4 provides several tools to do so. Let's explore the process of monitoring and analysing trades on MT4:
6.1 Trade Management
Effective trade management is essential for successful trading. Consider the following actions:
Trade Terminal: Use the Trade Terminal to monitor your open positions, including metrics like profit/loss, margin, and swap rates.
Modify Orders: If market conditions change or you want to adjust your trade parameters, you can modify your existing orders directly from the Trade Terminal or the Terminal window.
Trailing Stop: Utilize a trailing stop to protect your profits by automatically adjusting the stop-loss level as the market moves in your favour.
Trade Journal: Keep a trade journal to record your observations, decisions, and outcomes for future analysis and improvement.
Regular Review: Regularly review your trades, assessing their performance against your trading strategy and objectives.
6.2 Trade Analysis
Analysing your trades is necessary to learn from past experiences and improve your trading skills. Consider the following analysis techniques:
Trade History: Review your trade history using the Terminal window to analyse entry and exit points, profits, losses, and overall performance.
Performance Metrics: Calculate performance metrics such as win rate, risk-to-reward ratio, and average profit/loss to evaluate the effectiveness of your trading strategy.
Identify Patterns: Look for patterns or recurring themes in your trades to identify strengths, weaknesses, and areas for improvement.
Journal Analysis: Analyze your trade journal entries to gain insights into your decision-making process, emotions, and any behavioural patterns that may impact your trading performance.
Seek Feedback: Consider seeking feedback from experienced traders or joining trading communities to gain different perspectives and learn from others.
6.3 Risk Management
Proper risk management is crucial for preserving capital and reducing potential losses. Consider the following risk management techniques:
Position Sizing: Determine the appropriate position size for each trade based on your risk tolerance and account size.
Stop-Loss Orders: Always use stop-loss orders to limit potential losses and protect your capital.
Take-Profit Orders: Set take-profit orders to secure profits and avoid getting greedy or letting profitable trades turn into losses.
Diversification: Diversify your trades across different instruments or asset classes to spread financial risk.
Risk-to-Reward Ratio: Evaluate the risk-to-reward ratio of your trades to ensure that potential profits justify the potential losses.
Continuous monitoring and analysis of your trades are crucial for refining your trading strategy and improving your overall performance. Regularly assess and adjust your trades to align with your goals and market conditions.
7. Utilizing Expert Advisors
Expert Advisors (EAs) are automated trading programs that can execute trades on your behalf based on pre-defined trading strategies. MT4 allows you to utilise EAs to automate your trading process.
7.1 Understanding Expert Advisors
Before using Expert Advisors, understand their attributes and functionalities. In other words, what they can and can't do. Consider the following aspects:
Algorithmic Trading: Expert Advisors use algorithms (a set of rules and functions) to analyse the market, generate trading signals, and execute trades automatically.
Backtesting: EAs can be backtested using historical data to evaluate their performance and validate the trading strategy before deploying it in live trading.
Customisation: Expert Advisors can be customised to fit your specific trading requirements, allowing you to define parameters, indicators, and risk management rules.
Marketplace: MT4 provides a marketplace where you can find and purchase or rent EAs developed by professional traders.
7.2 Finding and Installing Expert Advisors
To find and install Expert Advisors on MT4, follow these steps:
Marketplace: Explore the MT4 marketplace within the platform to find a wide range of EAs developed by third-party vendors.
Research: Thoroughly research and review the performance, user reviews, and ratings of the Expert Advisor you are interested in.
Purchase or Rent: If you find a suitable EA, you can just follow the instructions provided in the marketplace to purchase or rent the EA.
Installation: After completing the purchase or rental process, download the EA file and follow the installation instructions provided by the vendor.
Activation: Activate the EA within the MT4 platform using the provided license key or activation process.
7.3 Configuring and Using Expert Advisors
Once the EA is installed and activated, configure it according to your trading preferences. Consider the following steps:
EA Settings: Access the settings of the EA through the "Expert Advisors" tab in the MT4 platform.
Strategy Parameters: Set the parameters of the EA, including trade size, risk management rules, entry and exit criteria, and any other relevant settings.
Backtesting: Before deploying the EA in live trading, backtest it using historical data to assess its performance and make the necessary adjustments.
Monitoring: Once the EA is active, monitor its performance, keeping an eye on trades executed, profit/loss, and overall trading activity.
Periodic Review: Regularly review the performance of the EA and make adjustments as needed to optimise its performance.
While Expert Advisors can automate your trading process, monitoring their performance and making necessary adjustments to ensure they align with your trading objectives and market conditions is crucial.
8. Additional Tips and Best Practices
To enhance your investing experience with MT4, consider these extra tips and best practices:
8.1 Continual Learning
Investing is dynamic, and staying updated with the latest market trends, trading strategies, and economic news is crucial. Allocate time for continuous learning:
Educational Resources: Use online courses, webinars, eBooks, and reputable financial websites to expand your knowledge base.
Market Research: Stay informed about economic indicators, geopolitical events, and industry-specific news that can influence the financial markets.
Trading Communities: Engage with fellow traders in online forums, social media groups, or trading communities to exchange ideas and gain insights.
Books and Publications: Read books authored by experienced traders and industry experts to gain valuable insights and perspectives.
8.2 Risk Management
Effective risk management is essential for long-term success in investing. We mentioned the main topics in section 6.3.
8.3 Emotional Control
Emotions can significantly impact trading decisions. Adopt these practices for better emotional control:
Stick to Your Strategy: Develop and adhere to a trading plan, avoiding impulsive decisions driven by fear or greed.
Patience: Avoid chasing trades or entering positions based on impulsive reactions.
Manage Expectations: Realize that losses are part of trading, and not every trade will be profitable.
Take Breaks: If you feel overwhelmed or overly emotional, take a step back and take breaks from trading to regain focus.
Review and Reflect: Regularly review your trading performance and analyse your emotional responses to learn from past experiences.
8.4 Regular Evaluation
Periodic evaluation is essential to identify areas of improvement and enhance your trading approach:
Trade Journal: Maintain a detailed trade journal, recording your trades, observations, and lessons learned.
Performance Analysis: Analyze your trade history and metrics to identify strengths, weaknesses, and patterns.
Adjust and Adapt: Modify your trading strategy based on the insights gained from the evaluation process.
Seek Feedback: Discuss your trading approach with experienced traders or seek guidance from mentors to gain different perspectives.
By implementing these additional tips and best practices, you can improve your investing skills, mitigate risks, and increase the likelihood of achieving consistent results with MT4.
Conclusion
Trading with MetaTrader 4 offers a powerful and versatile platform for traders of all levels. You can enhance your investment journey by understanding the features and capabilities of MT4, setting up your account, navigating the interface, conducting market analysis, placing trades, monitoring and analysing trades, utilising Expert Advisors, and implementing additional tips and best practices.
MetaTrader 4 provides a wide range of tools and resources to assist you in making informed trading decisions. Whether a beginner or an experienced trader, MT4's user-friendly interface and robust functionality empower you to analyse markets, execute trades, and manage your investments effectively.
Investing involves risks, and it's crucial to implement proper risk management strategies, continually educate yourself, and practice emotional control. Regular evaluation of your trading performance will help you identify areas for improvement and refine your trading approach.
BlackBull Markets, founded in 2014 by Michael Walker and Selwyn Loekman in Auckland, New Zealand, has emerged as a trusted and regulated ECN broker offering access to diverse tradable instruments. BlackBull Markets stands out with its three distinct types of ECN accounts, catering to traders' varying needs and preferences: Standard Account, Prime Account, and Institutional Account.
The Standard Account is an excellent choice for traders seeking a cost-effective forex experience. It offers a convenient entry point without minimum deposit requirements and commission-free trading. Traders can access all tradeable instruments and utilize user-friendly trading platforms, including PC, Mac, mobile, and Webtrader.
The Prime Account provides a competitive edge for those looking to maximize their trading potential. With spreads as low as 0.1 pips and a commission of $6 per lot for most currency pairs, traders can benefit from tighter spreads and lower costs. The Prime Account requires a minimum initial deposit of 2000 USD and offers leverage of up to 1:500, along with micro lots for precise position sizing.
BlackBull Markets also caters to larger traders with its Institutional Account, providing a truly institutional trading experience. With a minimum initial deposit of 20,000 USD, traders can access customisable commission structures, 24/7 dedicated technical support, and a customised MAM/PAMM platform. Qualifying traders can benefit from free VPS access based on trading volume.
Regulation is key to BlackBull Markets' offering, ensuring a secure and transparent trading environment. Prominent authorities regulate the broker, including the Financial Services Commission of New Zealand (FSPR).
With a commitment to exceptional financial services and a focus on client satisfaction, BlackBull Markets has garnered a strong reputation within the industry. Their comprehensive range of over 26,000 tradable instruments, competitive trading conditions, and reliable customer support positions them as a top choice for traders seeking a trusted ECN broker.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
