Tradersway - tradersway.com

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Low Spreads

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with some of the most competitive trading conditions in the market. Along with state of the art trading platforms, we are able to provide our clients with minimum spreads for all pairs, across all accounts. We get our quotes from multiple sources and run it through our proprietary algorithm, thus ensuring that traders get low spreads, for all pairs. In addition, traders can opt for both fixed spreads and floating spreads; fixed spreads starts at 2 pips while floating spreads tend to range even lower, depending on the liquidity. For more information, please check out Trader’s Way.

 

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Low Commissions

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest in trading apps, tools along with state of the art trading platforms. Clients can select their preferred account type, leverage depending on their preference and even use automated scripts on our platform. Traders can also trade with interbank quotes; take advantage of some of the most precise quotes with the tightest spreads for all currency pairs. The trade commissions are very low and apply differently for ECN accounts, where it is based on the monthly turnover. Whereas for micro or standard accounts, there is no charge as it is already included in the spread and no additional fees are charged. For more information, please check out Trader’s Way.

 

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MT4 MICRO account

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest in trading tools and apps, along with some of the most competitive trading conditions in the market today. We offer various trading accounts, from Micro to Standard, so clients can opt for the preferred account type, depending on their trading strategy. The MT4 Micro account is perfect for new traders as it provides them with real market trading conditions while limiting risk. Traders can deposit as low as ten cents and start trading right away. The MT4 Micro is the perfect trading account for new traders to test out various strategies, hone their trading skills, and test automated scripts before upgrading to other account types. The spreads on the MT4 Micro accounts are quite small, with fixed spreads starting from only 3 pips. For more information, please check out Trader’s Way.

 

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The forex market

At Trader’s Way, Prime Online Forex and CFD broker, we ensure that our clients have access to the latest trading tools, applications along with state of the art trading terminals. As part of our ongoing process to provide traders with adequate information on all aspects of the market, here’s a brief recap on the forex market. The forex market, is to date, the largest decentralized market in the world, with a daily turnover exceeding $4 Trillion/day. The market is where currencies are traded, from the majors to more exotic pairs. Traders buy and sell currencies simultaneously by going long or short on a pair, like EUR USD. For more information on the market, currencies please check out Trader’s Way.

 

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Currency pairs

At Trader’s Way, Prime Online Forex and CFD broker, we offer our clients some of the most competitive trading conditions in the market, along with the most precise quotes. When traders trade currencies, they are buying one while selling the other; in short all currencies are traded in pairs, with the first currency being denoted as the base pair and the second as the quote currency. Currencies are denoted by three letters, as per the international standard for currency codes with the first two denoting the country code and the last, the currency name.

Example: When you buy EURUSD, you buy euros and sell dollars.
Example: USD = US dollar, where "US" = the United States and "D" = dollar.

For more details, check out Trader’s Way.

 

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Long/Short Position

At Trader’s Way, Prime Online Forex and CFD broker, we offer customized accounts to our clients to suit their trading strategies along with some of the most competitive trading conditions in the market. As part of our edu series, here is a brief recap on Long/Short position. When traders buy an asset, they are essentially going “long”, similarly when they sell the asset, they are going “short”. When it comes to the currency market, currencies are traded as pairs, so when traders go long on a particular pair, they are essentially purchasing and selling currencies simultaneously. So, they are going “long” on one currency while at the same time, shorting out another, from the same pair.

Example: When Sam buys EURUSD, Sam is going long for EUR and going short for USD.

For more information, details please check out Trader’s Way.

 

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STANDARD Account with FIXED Spread

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest in trading tools and applications, along with state of the art trading terminals. We understand our clients’ trading requirements and offer them various account types including the MT4 FIX along with some of the most competitive trading conditions in the market. Our MT4 FIX is a standard account with a fixed spread starting as low as 2 pips, which is perfect for clients who use automated tools and expert advisors. Traders can trade any size starting from 0.01 Standard lot (1,000 units of base currency) and opt for leverage upwards to 1:1000. For more details, check out Trader’s Way.

 

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Pip Value

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with state of the art trading terminals along with some of the most competitive trading conditions in the market. As part of our ongoing series, here’s a brief recap on pip value and how to calculate it. Traders can calculate their P/L changes by using the following formula to calculate the value of one pip: Pip Value = Position Volume x Counter Currency 1 pip
This gives you the value of one pip, in terms of the counter currency.
Example: Position 1 lot of EURUSD. Pip Value = 100,000 x 0.0001 = 10 USD

And traders should also be able to work out the pip value in terms of their account currency.
Pip Value in Account Currency = Pip Value / Account Currency-Counter Currency Rate
Example: Position 1 lot of EURJPY. Account Currency - USD. USDJPY = 80.00. Pip Value = 100,000 x 0.01 = 1,000 JPY. Pip Value in USD = 1,000 / 80.00 = 12.5 USD

For more information, please check out Trader’s Way.

 

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Equity

At Trader’s way, Prime Online Forex and CFD broker, we provide our clients with state of the art trading terminals, along with some of the most competitive trading conditions in the market. In addition, clients can opt for various account types as per their trading requirements, utilize EAs and other automated scripts on the platform, along with the very latest in trading tools and apps. As part of our ongoing series, here’s a recap on Equity. Once a trader closes all his open positions, the amount of money left over is termed “equity”. In short, equity equals the balance plus P&L:
Equity = Balance + P&L
Example: Sam's balance is 2,000 USD. Before he opens any positions, his equity = his balance = 2,000 USD. Sam buys 1 standard lot of EURUSD. The price goes up and his P&L is 1,000 USD. Now Sam's equity = his balance + P&L = 2,000 USD + 1,000 USD = 3,000 USD.

For more information, please check out Trader’s Way.

 

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Commissions

At Trader’s Way, Prime Online Forex and CFD broker, we offer our clients some of the most competitive trading conditions in the market. Moreover, due to our trading tools and latest apps, our clients are able to take advantage of even the smallest movement in the market. As part of our ongoing series, here’s a recap on Commissions. Commissions for ECN accounts are charged on per volume traded basis. You can work out the deal commission by dividing the total lots you have traded by one million and then factoring in the ECN commission value.

ECN commission = Traded Volume in USD / 1,000,000 x ECN commission in USD per 1M USD traded volume

Example: Sam is buying 1 lot of EURUSD. The current EURUSD rate is 1.3000. The ECN commission would be 30 USD per 1M USD traded volume.

Keep in mind that deal volume is measured in the base currency terms. In this example, Sam's deal volume is 100,000 EUR.

The commission when Sam opens the deal = 100,000 EUR x 1.3000 /1,000,000 x 30 USD = 3.9 USD

For more information, please check out Trader’s way.