![]() If your broker voluntarily submits to government oversight, then you can feel reassured about your broker's honesty and transparency. Check to see that the brokerage is regulated by a major oversight body.Experience indicates that the company knows what it's doing and knows how to take care of clients. Look for someone who has been in the industry for ten years or more.Take these factors into consideration when choosing your brokerage: Reports on a country's GDP, for instance, or reports about other economic factors like employment and inflation will have an effect on the value of the country's currency. Also, if the government of a country loosens regulations for economic growth, the currency is likely to increase in value. If a country is having an election, then the country's currency will appreciate if the winner of the election has a fiscally responsible agenda. This trading advantage will boost the country's economy, thus boosting the value of its currency. If a country has many goods that are in demand, then the country will likely export many goods to make money. dollar, then you probably want to sell dollars in exchange for a currency from a country where the economy is strong. economy will continue to weaken, which is bad for the U.S. X Research sourceĭecide what currency you want to buy and sell. A spread is the difference between the bid price and the asking price.The ask price is the best available price at which you are willing to buy from the market. The ask price, or the offer price is the price at which your broker will sell base currency in exchange for quote currency.The bid is the best price at which you are willing to sell your quote currency on the market. The bid price is the price at which your broker is willing to buy base currency in exchange for quote currency.In other words, you would sell British pounds and purchase U.S. A short position means that you want to buy quote currency and sell the base currency. ![]() In our example above, you would want to sell U.S. A long position means that you want to buy the base currency and sell the quote currency.The exchange rate tells you how much you have to spend in quote currency to purchase base currency.In forex trading, you sell one currency to purchase another. The currency that you are purchasing is called quote currency. The type of currency you are spending or getting rid of, is the base currency.UK clients under RAW and clients on other entities will continue to have the leverage option of 1:5. *****Leverage of 1:200 will only be offered to RAW Trading clients that are not located in the UK. ****Finance Magnates Q2 2020 Intelligence Report. ***The average order execution time between the trade being received, processed and confirmed as executed by us is 36.5 milliseconds. **Data acquired from an independent third party shows that our EURUSD spread was performing on top 96% of the time in the period from January to December 2019, with a sample group of 32 direct competitors in the Forex industry, considering an aggregated weekly spread average. *Data acquired from an independent third party provider shows our EURUSD spread to be 0.0 pips on average 95% of the time from 01-07-2019 to 31-12-2019 (available for our RAW Spread trading accounts only). The information on this site is not intended for residents of the U.S., Canada, Israel, New Zealand, Japan and Iran, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Risk Warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. IC Markets (EU) Ltd is a limited company registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission with License No. International Capital Markets Pty Ltd with registration number 123 289 109, is regulated by the Australian Securities and Investments Commission with License No. Raw Trading Ltd registered in Seychelles with registration number: 8419879-2, is regulated by the Financial Services Authority of Seychelles with License number: SD018.
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