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Trade at any convenient time and without third-party help. Get access to a variety of orders with 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 run on it.
Currency trading is a process of exchanging currency or Forex. The difference between foreign exchange trading and other types of trade is that it is more liquid.
The currency trading market is open round-the-clock, except 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. For investors to be able to place a trade transaction on the international market, they must do it through brokers. Currency trading occurs by composing a currency pair and selling at the same time. 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
Knowing and understanding terminology used in the Forex market is of key importance for the successful trader. "Pips", "lots" and "margin" are the most frequent terms you will stumble upon. Here you will receive a short and easy explanation of each of them.
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. If the value of an investor's margin account falls below the broker's required amount - a margin call occurs. It's time for the investor to choose to either deposit additional funds or marginable securities in the account or sell some of the assets held in their account.
A broker can lead to a call margin and liquidate your position to ensure that your losses do not reach the level at which your margin deposit is insufficient to cover them. It may happen by equalizing leverage and margin.
Potential to earn on the difference in interest rates between the two currencies.
Possibility to increase current or additional income.
Opportunity to profit from exchange rate fluctuations.