Have you ever traded forex before? It's a very profitable business
: "Here are some common questions about "forex trading
Q: What is Forex?
A: Forex is the term used for the abbreviation of 'foreign exchange' .It is the process of buying and selling currencies.The foreign exchange market is the largest and most liquid of the world's financial markets.The market operates 24 hours from Sunday evening to Friday, featuring central banks and speculators Currency, organizations, governments, individual investors, and international investors Over the years, the volume of trading in the Forex market has been increasing continuously, according to the BIS's 2013 quarterly survey of global forex market volume, the average volume of trading Daily trading in global currency markets ($ 3.31 trillion a day in April 2007 and $ 1.7 trillion in 1998). This is 34% higher than in April 2010, estimated at 3.971 trillion US dollars.
Q: How does the CFD trading mechanism work?
A: Foreign currencies are traded in currency pairs, while CFDs are usually a financial instrument valued in a specific currency. The most common currency pairs are EUR / USD, USD / JPY, GBP / USD, EUR / JPY, AUD / USD American Dollar (AUD / USD). You can buy and sell every coin or financial instrument.
Q: What are the trading hours in the market?
A: Usually during winter in Europe and North America, weekly activity starts on Sunday at 22:05 GMT and continues until Friday 21:00 GMT. During daylight saving time in these areas, weekly market activity begins on Sunday at 21:05 GMT and continues until Friday at 20:00 GMT. Hours of activity in the market may vary due to public holidays or due to unusual liquidity conditions that may result from exceptional global events. Open or close dates can be changed by iFOREX due to liquidity considerations and risk management. Please note that while most instruments are traded on a 24 hour basis without interruption, some instruments, particularly stocks and indices have their own trading hours.
Q: What tools do I need to trade online?
A: All you need to trade online is just a device with an Internet connection and a Forex account in it. In addition, we recommend that you have knowledge and information about Forex / CFDs or other tools needed to help you reduce risk and risk in the market.
Q: How old do I have to participate in trading?
A: To participate in trading you must be at least 18 years of age.
What is leverage?
A: Leverage is the possibility that is used to achieve a great increase in your buying power. FYI, no other market gives you such liquidity and leverage at the same time. iFOREX provides you leverage of up to 1: 400, meaning that with a $ 100 deposit you can start trading with up to $ 40,000.
Q: What is the point?
A: In the financial markets, especially in the Forex market, the point is the unit of change in the exchange rate of the currency pair. Most major currency pairs are priced in four decimal places, and the point is the fourth unit at the decimal point (in most currency pairs the pip is equal to 0.0001 from the price of currency pairs): in dollar currencies this is 1/100 of the cents.
Q: What is the spread-difference of points?
A: The difference between the purchase price and the selling price of the two currencies. If for example the EUR / USD is trading at 1,3100 (buy) and 1,3098 (sell), the point difference is 2 pips.
Q: What does it mean to go for "long" and "short"?
A: long deal: When the trader buys the currency and expects to increase its value, it is also called open a buy position. "Short" or open a position: When the trader sells the currency and is expected to depreciate so that he can buy it again in the future at a lower price for a profit.
Q: What is overnight funding?
A: At the end of each trading day, CFDs are subject to overnight financing, where an interest adjustment is applied to keep transactions open "overnight," or more specifically, during the period when the market is closed. The adjustment can be positive or negative, depending on the direction of the transaction and the underlying interest rate. On Friday, night funding is 3 times the daily value to cover the entire weekend. For more information, please refer to the Trading Terms page
Q: What is the extension?
A: All open CFD transactions, which have not been closed before reaching the original value date, are automatically transferred / extended to the next date of the contract value, so that the transactions remain open. When executing this extension, the profit / loss of the open positions will reflect the price difference between the expired contract and the new contract and will also include an increase in the spread cost. In addition, all border orders relating to the new term contract are amended. The balance adjustment may also include an increase in the cost of the spread. During this extension process, the company may use higher margin requirements. For more information, please refer to the Trading Terms page
Q: Does the Forex market have a central location?
A: Unlike the stock market, the Forex market does not have a central position. Transactions are done online or by phone, which makes the market available 24 hours a day.
Q: How are prices determined?
A: There are several ways in which prices can change. Economic and political conditions usually affect the value of assets along with interest rates, inflation, supply and demand.
Q: Are orders executed even if the underlying market is closed?
A: No, iFOREX does not execute orders outside of office hours.
Q: Are there any conditions that may affect the price at which orders are executed?
A: Yes, there are circumstances in the market characterized by an increase in fluctuations / fluctuation or delay / interruption in communication, until the time the order is executed, market orders may sometimes be executed at a different price than the requested price.
Q: Can I place border orders when the market is closed for trading?
A: Yes, even if the market is closed it is possible to add, change or delete border orders on all financial instruments.
Q: What are the costs of opening and closing CFD transactions through iFOREX?
A: iFOREX does not charge any fee or commission for opening and closing CFD transactions. Customer costs are derived from the spread - this is the difference between the purchase price and the selling price that you can always see on your trading screen. Night funding is applicable as the case may be.
Q: What happens if the deal stays open overnight?
A: When you keep an open position overnight, it is subject to either an addition or a discount. This amendment depends on the type of transaction you own (purchased or sold) and interbank related interest rates (plus cost). For detailed information on the above, please review our trading terms.
ليست هناك تعليقات:
إرسال تعليق