STANDARD Account with FIXED Spread

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with state of the art trading terminals along with some of the most competitive trading conditions in the market. Moreover, we provide our clients with custom made accounts along with both fixed and variable spreads, suited to meet their trading requirements.  Our MT4.FIX. account, a standard account with predetermined spreads, is perfect for traders who utilize expert advisors, where the spreads can be as low as 2 pips . Clients often prefer MT4.FIX depending on their trading strategy and can trade any size starting from 0.01 Standard lot (1,000 units of base currency) and opt for their preferred leverage upwards to 1:1000.  For more information, please check out www . tradersway . com

Currency pairs

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with streamlined quotes, state of the art trading terminals and the latest trading applications including the option to integrate add on automated scripts. We believe that knowledge is essential when it comes to forex trading and as part of our edu blurbs, here’s a short recap on currency pairs. Traders buy and sell currencies in pairs; in short when a trader purchases one currency, he is simultaneously selling the other.

Example: When you buy AUD/NZD you buy Australian dollars and sell New Zealand dollars.

Currencies in a pair are denoted in a three letter format, the first two letters relates to the country code, as in GB for Great Britain. The last one denotes the particular currency name, so the P in GBP stands for Pound. For more information on currency pairs, exotic currencies, check out www . tradersway . com

Long/Short position

At Trader’s Way, Prime Online Forex and CFD broker, our clients enjoy some of the most competitive trading conditions in the market. We provide our clients with state of the art trading terminals, precise quotes and high end apps, to enable them to trade more effectively. As part of our ongoing series on the market, here’s a recap on currency trading, and long/short positions. When a trader sells a currency pair, he is buying one while simultaneously selling the other. In other words, he is shorting his position or going short on one currency while going long on the other.

Example: When Sam buys EURUSD, Sam is going long for EUR and going short for USD.

For more information on currency pairs and positions, check out www . tradersway . com

Bid/Ask (Offer) Price

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with state of the art trading terminals, latest trading tools and applications. In addition, we ensure that our clients have access to some of the most precise streamlined quotes. When it comes to trading with financial instruments, a quote usually comes with a bid price and an ask or offer price. The bid rate is the price of the trading instrument at which the trader can short his position, in other words this is the rate at which the market would purchase from the trader. Similarly, the ask or offer price is the rate at which the trader can go long on a particular trading instrument.

Example: The quoted EURUSD rate at the moment is 1.3029/1.3030. This means that 1.3029 is the bid price - a trader can sell EURUSD at this price, whereas 1.3030 is the ask price - a trader can buy EURUSD at this price.

For more information, please check out www . tradersway . com

Spread

At Trader’s Way, Prime Online Forex and CFD broker we provide our clients with endless trading opportunities, one of a kind trading terminal, precise quotes and the latest, in trading apps and software. Given that trading requirements of individual traders varies, clients at Trader’s Way can opt for the account that suits their trading requirements, from Micro to ECN. Moreover, along with ensuring that our clients have access to some of the most competitive trading conditions in the market, we provide them with some of the smallest spreads, starting at 0 pip.  For the lay beginner, the spread is the difference between the bid and ask quote, for any financial instrument.

Example: The current rate for gold is 1750.1/1750.2. This means that the spread is 1750.2 - 1750.1 = 0.1.

For more details, please check out www . tradersway . com

Pip Value

At Trader’s Way, Prime Online Forex and CFD broker, we ensure our clients have access to all the latest trading tools and applications along with the option of trading multiple instruments from a single account. We believe that all traders need to stay informed, of all aspects of the currency market in order to trade effectively. And as part of our ongoing edu series, here’s a recap on “Pip value”. In order to accurately work out the P/L position, traders need to calculate the value of the pip. Traders can correctly calculate the pip in terms of counter currency or account denominated currency using the example shown here. 

 Pip Value = Position Volume x Counter Currency 1 pip

As a result, you get 1 pip value in terms of the counter currency.

Example: Position 1 lot of EURUSD. Pip Value = 100,000 x 0.0001 = 10 USD

Pip Value in Account Currency = Pip Value / Account Currency-Counter Currency Rate

Example: Position 1 lot of EURJPY. Account Currency - USD. USDJPY = 80.00. Pip Value = 100,000 x 0.01 = 1,000 JPY. Pip Value in USD = 1,000 / 80.00 = 12.5 USD

For more details, check out www . tradersway . com

Margin

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with state of the art trading terminals, a user friendly interface and the very latest in trading tools and apps. Our clients can opt for the preferred account type depending on their trading strategy. As part of our ongoing series, here is a recap on margins, stop out levels, etc. The Margin is the amount of money required to open/ maintain a position. The initial margin required to open an order/position equals the position divided by leverage. The Stop out level is below which all open positions are closed automatically, whereas free margin is the amount of equity a trader requires to open new positions.

Example: Sam's account balance is 2,000 USD. His leverage is 1/100. Sam wants to open 1 standard lot of EURUSD. The current EURUSD rate is 1.3000. Stop-out = 10%.

Initial Margin = 100,000 EUR / 100 = 1,000 EUR (or 1% margin requirement) = 1,300 USD

In this example Sam needs to have 1,300 USD on his account to open 1 lot of EURUSD.

Maintenance Margin = 1,300 USD x 10% = 130 USD

When equity on Sam's account goes below 130 USD, the position will be closed automatically.

Used Margin = SUM (All Initial Margins) = 1,300 USD

Equity = 2,000 USD

Free Margin = 2,000 USD - 1,300 USD = 700 USD

For more information, check out www . tradersway . com

STANDARD Account with VARIABLE Spread

At Trader’s Way, Prime Online Forex and CFD broker, clients have access to the very latest in trading tools, standalone proprietary programs and broker independent apps.  We offer a wide range of trading accounts, suited to meet the requirements of all traders. Clients can opt for our MT4.VAR account with the preferred leverage ratio, up to 1:1000. The MT4 VAR is perfect for experienced traders as it combines the best features of real ECN account with extremely tight spreads, no commission charges and low initial deposit. Traders often opt for the MT4 VAR as it allows them to trade under real market interbank conditions, where the spreads can get as low as 0.7 pips. Clients can trade any size starting with 0.1 standard lot or 1000 units of base currency. For more information, please check out www . tradersway . com

Leverage

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with some of the most precise quotes for all pairs along with the most competitive trading conditions in the market today. Moreover, our clients can opt for the preferred account type; use automated scripts, depending on their trading strategy. As part of our ongoing series, here’s a recap on leverage.  Traders use leverage as a multiplier, thereby opening positions larger than their deposit. In other words, the broker extends credit to the trader so that they can increase their position. 

Example: Sam deposits 1000 USD into his account. Sam's broker provides him with a 1/100 leverage. The maximum position Sam can open equals his deposit multiplied by his leverage = 1000 USD x 100 = 100,000 USD. Sam's P&L is correspondingly multiplied by 100.

For more information on leverage, check out www . tradersway . com

Try Best MT4 ECN from $10 ONLY!

At Trader’s Way, Prime Online Forex and CFD broker, our clients are able to access some of the most precise quotes in the market, extremely fast execution along with state of the art trading terminals. Moreover, clients can opt for customized accounts to suit their trading strategy including being able to trade on the interbank market, with some of the lowest market deposit. Simply put, our clients are able to open positions using our MT4 ECN account with just $10, where spreads can get as low as 0 pips. Traders can open positions of any size starting with 0.01 lots or 1,000 units of base currency. For more details, please check out www . tradersway . com