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With no commitment or cost, you can open a Virtual Trading Account. The account has the full capabilities of a “real” account including live market rates, access to real-time market analysis, and the ability to execute trades off streaming prices. The virtual account (or Demo Account) gives you the ability to learn about the forex [...]
In the spot forex market, trades must be settled in two business days. If a trader sells 100,000 Euros on Tuesday, the trader must deliver 100,000 Euros on Thursday, unless the position is rolled over. As a service to our traders, FOREXYARD automatically rolls over all open positions to the next settlement date at 5:00 [...]
FX accounts are margined: a trader can hold a market position much larger than the value of the trader’s account value. The online trading platform which FOREXYARD offers has margin management capabilities, which allow lenient margin requirement of up to 1/2%. However, we do not recommend using leverage of more than 10 times your account [...]
First, the traders should determine whether they want to buy or sell. If they want to enter a short order – whereby they will profit if the exchange rate falls – they simply need to click on the SELL rate. The opposite holds true for traders who enter buy orders: they can simply click on [...]
Quoting Currency Pairs Currencies are quoted in pairs, such as EUR/USD or USD/JPY. The first listed currency is known as the base currency, while the second is called the counter or quote currency. The base currency is the “basis” for the buy or the sell. For example, if you BUY EUR/USD you have bought Euros [...]
How an FX Trade Works In the FX market you can buy or sell one currency for another. When you buy a currency, you are said to be “long” in that currency and when you sell a currency, you are said to be “short” in that currency. As the value of one currency rises or [...]
Forex, FX, or Foreign Exchange, is the simultaneous exchange of one country’s currency for that of another. FOREXYARD offers leading online trading platforms for individuals that wish to speculate on the exchange rate between two currencies. In doing so, speculators purchase or sell one currency for another with the hope of making a profit when [...]
1. Ladder Option An option that locks in gains as the underlying asset reaches predetermined price levels, In this way, these levels are like rungs of a ladder. The gains are locked in even if the asset More… 2. Lagging Indicator Economic indicators that change after [...]
1.K A Nasdaq stock symbol specifying that the stock has no voting rights. 2. Key Currency For smaller countries, the act of orienting their currency to that of a major trading partner. 3. Kill or Fill An order that does not permit partial filling. If it cannot be completely filled, [...]
1. Japanese Housewives A term coined by the financial press to refer to the Japanese households that speculated on the carry trade and became a major seller of yen, thereby driving the currency against the levels More… 2. Japanese yen The yen is the Japanese currency unit. It is the third most-traded currency in the [...]