Get answers to the most commonly asked questions surrounding foreign currencies,
forex markets, and trading strategies
Where to find the information that you need to know and have the confidence that you can find the answers to your trading questions could be very helpful with your day-to-day trading. These Forex Trading FAQs Have all the basics topics u need to know about. We’ve covered from how to open a forex trading account, Forex trading system and more. Whether you are new to trading Forex or you have several years of experience trading currencies, you will find a lot of useful information in these FAQs.
The answers to the popular frequently asked questions about Forex market are presented Below:
Forex is a shortened term used for ‘Foreign Exchange’,it is the biggest and most liquid financial market in the world, which operates 24 hours around the clock 5 days a week.
Leverage in Forex is the ratio of the trader’s funds to the size of the broker’s credit. In other words, leverage is a borrowed capital to increase the potential returns.
The spread is the difference between the BUY price and the SELL price of two instruments. For example, if the EUR/USD is trading at 1.3000 (buy) and 1.2998 (sell), then the spread is 2 pips.
percentage in point (PIP)is a unit of change in an exchange rate of a currency pair. Most major currency pairs are priced to four decimal places, and a pip is one unit of the fourth decimal point: for dollar currencies this is to 1/100th of a cent.
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.
You can Apply for an Account With Octanglefx.com Online
The minimum initial deposit required is at least 100$ of your selected base currency. However, we recommend you deposit at least 2000$ to allow you more flexibility and better risk management when trading.
You can easily fund your account by logging in.Octangle FX has Multiple options for Funding your account like E-currency,Bank Transfer, Wire Transfer, Local Transfer and More.
All retail client money is fully segregated from our own funds and held in separate accounts with top-tier banks. We only use our own funds for hedging and never engage in proprietary trading.