forex trading: How to trade in Forex

For example you open an account and deposit 1,000 US Dollars.
No minimum deposit requirement.
USD / JPY rate is 124.97 / 125.00. You decide to buy 100,000 USD and sell 12,500,000 JPY (i.e. 1 lot1 lot = 100,000 units of base currency (the first currency in the currency pair)).
Minimum contract size is now 0.01 of a lot (micro forex).
To fund this position you need 1,000 USD.
We offer up to 1:100 leverageLeverage is the ratio between the collateral and borrowed funds: 1:20, 1:40, 1:50, 1:100.

1:100 leverage means that when you wish to open a new position, then you need to support a deposit 100 times less than the value of the contract you are interested in..
USD / JPY moves up by 103 pipsPip is the numerical value of the last, or right-most, digit of a quote (0.01 in our example)..

126.00 / 126.03 We sell at the BidBid is the lower price in the quote being the price at which you may sell. price

124.97 / 125.00 We buy at the AskAsk is the higher price in the quote being the price at which you may buy. price
Your profit is 793.65 USD.

This example shows a favourable outcome. If the market had moved in the opposite direction you would realise a loss not a profit and with leverage this loss would be magnified.
If you do not fully understand the risks involved, please read our Risk Warning and seek independent advice.

Market Analysis Guide

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^* under normal market conditions
^** a Higher degree of leverage can lead to greater gains as well as larger losses. See Risk Warning.

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