Transaction Rules
Last updated
0.03 Transaction speed 0.03 seconds
Last updated
How to trade Forex profitably? Forex is a two-way trade, you can buy (long) and sell (short). Simply put, if you think the exchange rate will rise, you buy; if you think it will fall, you sell. If the direction is correct, you earn the spread in between.
Total profit/loss = (Ask price - Bid price) x contract units x number of lots traded (+/-) Overnight interest Note: No overnight interest is required for closing a position on the same day it is opened; the actual overnight interest is subject to the platform display.
Transaction Case One
Buy 1 lot of AUD/USD through the platform with 100,000 contract units per lot at a bid price of 0.67164 and close the position at the ask price of 0.68164 on the same day.
Total P/L = (Ask - Bid) x Contract Units x Number of lots traded ± Overnight Interest = (0.68164 - 0.67164) x 100,000 x 1 ± 0 = $1000
Transaction Case Two
Sell 1 lot of EUR/USD through the platform with 100,000 contract units per lot at the ask price of 1.06000 and close the position at the bid price of 1.05000 on the same day.
Total P/L = (Ask price - Bid price) x contract units x number of lots traded ± overnight interest = (1.06000 - 1.05000) x 100000 x 1±0 = $1000
0.03 Transaction speed 0.03 seconds
0.25
Gold spread is only 0.25
24H
24/7 Deposit and Withdrawal
365
24/7 Open