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Trade
Features a currency exchange on the Forex
Base currency, or rather its the number of units in the Forex market is measured in lots. One hundred thousand units of base currency, for example euros or dollars, is always equal to one lot. If you are new to the stock exchange, you should know that transactions concluded within the framework of services for margin trading, do not give you the right of exchanging one currency for another and are not transactions in physical currency conversion. Future closure this refers to after the opening of the transaction, but not the actual buying of one currency for another. If your trading account is denominated in euros, and you make a purchase EURUSD, you will not be able to withdraw funds in dollars.
In order to help you understand what it is about, consider a specific example. Let's say you open a trade of 1 lot EURUSD rate 1.44. The broker has provided you a leverage of 1:100. We have said that a hundred thousand units of the base currency is one lot. The base currency to the Euro. So you opened the transaction on acquisition of one hundred thousand euros for American dollars. When EUR / USD – 1.44, you hundred thousand euros needs to pay hundred and forty-four thousand dollars. These funds shall be paid by the broker who charges you to pledge an amount one hundred times smaller. That is one thousand four hundred and forty dollars.
Suppose you have a Deposit of five thousand dollars. What will be the maximum volume of Forex trades that you can open on EURUSD when the exchange rate was 1.5 and 1:100 leverage? You can open a maximum of five hundred thousand euros. With the course you can open it more than three hundred thirty-three thousand three hundred thirty-three Euro (i.e. 500 000 / 1,5 equal 333333,(3) ). Lots it turns out three point thirty-three hundredths of the lot as possible. One of the most important terms of trade in the foreign exchange market is the minimal possible volume of the Forex market. The smaller it is, so in theory, you can "download" the Deposit. Finally, we note that there are lots and crushed. For example, a lot of one thousand units, which gives 0.01 of the currency.
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| Category: Forex | Added by: (30.10.2017)
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| Views: 268
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