CFD

At Trader’s Way, Prime Online Forex and CFD broker, we encourage new traders to review all the information, pertaining to the market. As part of our ongoing series on the basics of trading, here’s a recap on CFD’s: A CFD, or a Contract For Difference, is where two parties agree to exchange the difference in the price of a contract, at the time it is closed. In short, it is a derivative that is dependent on the asset price and does not include physical delivery. All these contracts are traded online, for example, a trader may opt to go long on EUR while shorting USD. The trade in CFD is conducted online, where when the trade is closed, both the trader and the other party, agree to exchange the price difference, multiplied by the number of units. For more information, check out www . tradersway . com

MT4.Micro trading conditions

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with state of the art trading terminals and tools to optimize their trading. In addition, we provide them with different kind of accounts to suit their trading strategies, from Micro to ECN. With the MT4.Micro account, the client can trade with low risk in a live environment, gain experience and streamline their methods. This kind of account is perfect for both new traders and experienced ones looking for a way to optimize their trading. Traders can deposit as low as 20 cents in order to open a trade, with the minimum volume of transaction being 0.1 Micro lot or 100 units of base currency. For more details, trading conditions, check out wwww . tradersway . com

Long and short positions

At Trader’s Way, Prime Online Forex and CFD broker, we ensure that our clients can take advantage of spot market, with live data being streamed from multiple sources. In addition, we ensure that our clients are able to stay informed, on all aspects of the market, from pricing to trading applications. As part of our ongoing series on the market, here’s a brief recap on long and short positions. When a trader purchases an asset, he is going “long” and when he sells the same, he is going “short”.

Example: Sam buys stock, so he has opened a long position.

With currencies, a trader purchases one currency while simultaneously selling the other or in other words, he is going long on one currency while shorting the other, at the same time. 

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

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

STANDARD Account with FIXED Spread

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with customized accounts along with endless opportunities. The Trader’s Way MT4.FIX. Account is a standard account on MT4 where the spread is fixed, starting as low as 2 pips. Traders can trade any size from 0.1 standard lot (1000 units of base currency) while opting for higher leverage, up to 1:1000. Knowing the spread beforehand, for specific currency pairs provides our clients with an advantage, especially when they opt for automatic trading and expert advisors. In addition, they can use the MT4.FIX demo to streamline their strategy while minimizing risk. For more details, check out www . tradersway . com

Bid/Ask (Offer) Price

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with accurate quotes, extremely tight spreads and low state of the art trading terminals. We encourage all new clients to review our edu resources, so as to familiarize themselves with the market. As part of our ongoing beginner series, here’s a brief recap on Bid/Ask. Quotes for all trading instruments, including currency pairs, consist of both the bid price and ask (offer) price. The bid is the rate at which the market is willing to purchase the asset from the trader and the ask, the rate at which the trader can buy an asset.

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 details, check out www . tradersway . com

Spread

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with customized accounts, hourly analysis of the market along with resources which they can review in order to familiarize themselves with the market. As part of our ongoing series on the market, here’s a brief recap on the spread. The difference between the buy and the sell price is the spread. Our clients can opt for either the fixed spread, where the spread can be as low as 2 pips or the floating spread, which can be as low as 0 pip, as per their trading preferences.  For more information, check out www . tradersway . com

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Pip

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest in software applications, trading terminals, lowest commissions in the market, etc. In addition, clients can review our expert analysis for the very latest news, market movements, pivot point predictions, etc. As part of our ongoing series on the market, here’s a recap on pips and pipette. The pip is the smallest price increment and was the least minimum amount by which a price would change. Now, currency quotes can change by one-tenth of a pip or a pipette. 

Example: USDJPY was usually quoted with 2 digits after the decimal point, e.g. 77.21/77.23, and 1 pip = 0.01. Now you can see the following quotation - 78.513/78.524, where the smallest price change is 0.001 = 0.1 pips = 1 pipette.

For more information, check out www . tradersway . com

Pip Value

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with endless opportunities, customized accounts, software applications, advanced charting, etc. As part of our series on the market basics, here’s a recap on how to calculate the pip value. A trader needs to use the pip value in order to accurately calculate their position; P/L. Clients can calculate the pip value using this method.

 Pip Value = Position Volume x Counter Currency 1 pip

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

However, it is more important to know the value denominated in account currency.

 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 information, check out www . tradersway . com

There are many trading ways in forex market but I like to trade on mt4 platform. So I always use this platform for trading in forex market. I like to suggest all to use this platform for trading because it is very easy to use and profitable.