Once your account has been opened, you will receive an email from the broker with instructions for logging in, as well as instructions on how to fund your account. Once your account has been funded, we will receive a signal from the broker and trades will start to get copied on your account. The first trade will start when market conditions are optimal.
In the foreign exchange market, currency is traded in pairs. Pairs have meaning in relation to each other so must always stay together.
In a currency pair, the first currency is called the “base currency”; the second currency is called the “quote currency” or “counter currency”. The majority of the trading volume in the FX market is represented by these 18 pairs:
Also known as ‘margin’. The required collateral that an investor must deposit to hold a position.
Also known as ‘leverage’. The required collateral that an investor must deposit to hold a position.
A request from a broker or dealer for additional funds or other collateral on a position that has moved against the customer.