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Trade any time when it is convenient for you and without third-party manipulations. Get access to different orders through integrated trading and research programs. CTmatador is an open and extensible platform that provides traders with the ability to create scripts and automated trading algorithms that are running within it.
Currency trading involves the process of exchanging currency or Forex. Currency exchange is carried out for profit, that is how speculative trading on Forex occurs. The difference between foreign exchange trading and other types of trade is that it is more liquid.
The currency trading market is open around the clock, except on weekends and holidays. Thus, traders get the opportunity to trade in the market at a convenient time for them.
Currency trading takes place through brokers and makers. Thus, for investors to be able to place a trade transaction on the international market, they must do this through brokers.
Currency trading occurs with the help of compiling a currency pair and during the simultaneous sale. Each currency pair consists of three letters. The first two letters indicate the country and the third letter indicates the name: US Dollar: USD East Caribbean Dollar: ECD Australian Dollar: AUD Japanese Yen: JPY
It is important for each trader to understand the terminology that is used in the Forex market. Consider the main thing that is pips, lots, and margin. We also provide examples of each for easier understanding.
The value of the currency pair and the size of transactions are indicated in pips and lots. A pip is the smallest amount by which the value of a currency pair can change. For example, if the value of the EUR/USD pair increases by one pip, the quote moves from 1.2345 to 1.2346, and the movement size is only one pip. The smallest size in a currency pair is called a lot. The lot size for pairs based on USD will be 100,000. This is the smallest amount you can buy or sell.
The ratio between the borrowed funds and the margin that you deposit as insurance is called leverage. The double occurrence of margin and leverage is a small amount that a trader must enter as insurance against losses that your account may incur. The margin is paid to the broker, who requires a margin deposit as insurance against losses. By equalizing leverage and margin, the broker can lead to a call margin, and the broker can liquidate your position to ensure that your losses do not reach the level at which your margin deposit is insufficient to cover them.
Potential to earn on the difference in interest rates between the two currencies.
Opportunity to profit from exchange rate fluctuations.
Сhance to strengthen current or additional income.