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What is the account minimum? The minimum account balance on MT4 platforms is $2,500.00
What are the MT4 spreads?Spreads are 2-3 Pips on the Majors Our spreads are very competive as shown on our broker comparison.
How much can I save using TradesvoiceFx tight spreads?Example: Using the example of the USD/CHF and comparing 13 brokers we have an average price of 4-5 pips. Now, compare this to the average price on TradersvoiceFX where you have an average 2-3 pips. Your average savings varies from 0.8 to 1.7 pips depending on market conditions. We can take the low estimate of 1 pip savings per trade. Therefore, using an example of 20 trades a month saving 1 pip you save a net of $200.00 a month or $2400.00 a year.
How do I get my free TradersvoiceFX Advantage Package?You must open a live account with a minimum deposit of $2,500 on our MT4 Platform and request it via e-mail from Client Services. TradersVoiceFX's proprietary automated trading program.This program is 80% automated and 20% manual. It averages an 8% to 10% per month return with minimal draw-down. Cats is available to our clients who meet the Advantage Package requirements.
How are Pip Values Calculated?A pip is the smallest increment in any currency pair. How much is one pip worth per $100,000 Dollars in EUR/USD?1 lot is equal to $100,000.00 Euros. How much is one pip worth per $100,000 Dollars in USD?1 lot is equal to $100,000.00 JPY. We will refer to the lot size, in this case 100,000 units of the base currency, as the 'National Amount'. The formula for calculating a pip value is therefore: (one pip, with proper decimal placement/currency exchange rate) x (National Amount). Using USD/JPY as an example: this yields: (.01/120.46) x USD100,000 = $8.30 or $8.30 cents per pip. Using EUR/USD as an example: we have (.0001/1.0066) x EUR100,000 = EUR 9.93. But we want the pip value in USD, so we then must multiply EUR 9.93 x (EURUSD exchange rate): EUR 9.93 x 1.0066 = $10.00 This is in fact a phenomenon you will see with any currency in which the currency is quoted first (such as EUR/USD, GBP/USD, or AUD/USD): the pip value is always $10.00 per 100,000 currency units. This is why pip (or 'tick') values in currency futures, where the currency is quoted first, are always fixed. Approximate pip values for the major currencies are as follows, per 100,000 units of the base currency: USD/JPY: 1 pip = $8.30; In other words, a change from 120.45 to 120.46 is worth about $8.30 per $100,000. What are the Major Trading Sessions?The FOREX currency market is an integral part of the rapidly expanding financial, business and political landscape. The FOREX Interbank market has three sessions of trading. The first begins Sunday at 7:00 P.M. NYT, which is the Asia session. What happens if my computer is shut down for a few seconds because of a power failure?You may be logged off of any accounts you have been running and all Expert Advisors will stop running until you are logged back into your account. Is there a way to print reports without saving them?No. You must save them first and then print them.
Trading During Economic or Geo Political News releasesIn the case of significant economic releases, like non-farm payroll, there could be a significant gap from the price of a currency and the price immediately after. We saw a gap on the GBP/USD of 150 pips about three years ago. Basically, what occurs is right after a release all of the offers in the market go away from the current price. Banks can move their offers significantly from where it was prior to the release. This was the case on Friday the 4th of August 2006. The Market reacted negatively toward the dollar and then the EUR/USD and GBP/USD jumped significantly. If someone has a resting order such as a buy stop or sell stop, those stop orders are activated and turn into market orders. Then they are filled at the current prevailing market price. A buy stop or sell stop is not a guaranteed order at a certain price. It simply turns into a market order when it is activated and it is then filled at the current prevailing price. The actual fill on a buy stop or sell stop could vary significantly from the original order price during significant market moves or gaps or during an economic release like non-farm payroll. What is a Margin Requirement?Forex and commodity trading are always conducted on 'margin'. This means that a cash deposit, usually much smaller than the underlying value of the currency or commodity contract, is required in order to trade. For example, a broker might require only $1,000.00 in the trader's account in order to trade a $100,000.00 currency position. The $1,000.00 is referred to as 'margin'. This amount is essentially collateral to cover any losses that you might incur. Since nothing is actually being purchased or sold for delivery, the only requirement, and indeed the only real purpose for having funds in your account, is for sufficient margin. Margin should reflect some rational assessment of potential risk in a position. For example, if a currency is very volatile, a higher margin requirement would normally be justified. One common rule of thumb is a worst-case one day move in the market. So, if a $100,000.00 currency position is unlikely to move by more than 1% (or $1,000.00) in a 24 hour period, a $1,000.00 margin requirement is probably reasonable. If however the currency or commodity in question is highly volatile and is likely to move by, say, $3,000.00 or more (or 3%, as is often the case with certain NASDAQ stocks and some commodities) it would put the broker at an increased credit risk to require only a $1,000.00 margin deposit. Note that margin available in your trading account is based on account equity, not account balance. The equity is the most accurate measure of the value of your account, as it takes into account unrealized gains or losses. |
