expressFX Rules
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| Trading Forex for profit How do you make money on Forex? Try selling or buying some currency with a free expressFX demo account and see how you can make or lose money as currency rates fluctuate. Selecting the size of the trade The larger your trade size, the more profits you will make if price goes in your favor and the more you will lose if it goes against you. Demo account is a great way to practice making trades of different sizes because you are not putting money at risk. The minimum trade size is $1,000. But thanks to the leverage of up to 100:1 you can trade $1,000 when you have just $10 in your trading account. It is easy to calculate the maximum trade size. All you need to do is take the amount that is in your account and multiply it by 100. (!!! The high degree of leverage can work against you as well as for you) Opening and closing a position When you buy a currency you open a position. When you sell the same amount of the same currency, you close the position. During when your position is open you will be making or losing money depending on how currency rates change. If you bought a USD for EUR (USD/EUR) and its rate goes up, you are making money. If it goes down, you are losing money. Margin Policy
A margin call occurs, when your account falls below the minimum requirements for trading. At Forex Club our margin requirement is 1% of USD value of each positions. Monitoring of margin requirement is conducted after rollover. If there is a margin call for your account you will be contacted by us, and we will help you take action to satisfy your margin. Take Profit and Stop Loss Market prices move almost every moment, but this does not mean that you have to keep an eye on your positions every second. You can set a Take Profit order, which is a command to the dealing desk to automatically close your position when your profits reach a certain level. You can also set a Stop Loss order, which is a command to the dealing desk to close your position when your losses reach a certain level (except for extraordinary market conditions). It is a good idea to set both of these orders simultaneously to establish a price range of how much you are willing to make and how much you are ready to risk. Take Profit and Stop Loss II The minimum stop-loss and take-profit limits are is $1.30 for
every 1000 units of the base currency. For example, if your
position size is $10.000, the minimum limit for stop-loss and
take-profit is 10 x $1.30 = $13. The Company retains the right to
reject any trade with limit orders that violate this rule.
* $0.4 per each 1000 currency units traded |
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