Tradersway - tradersway.com

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STANDARD Account with VARIABLE Spread

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with state of the art trading terminals along with the very latest trading tools and apps, enabling them to take advantage of even the smallest market movement. In addition, clients can opt for the preferred account type, depending on their trading strategies. Our Standard account with Variable spread is perfect for trading with little risk, but under interbank conditions. The Standard account under variable spread offers all traders streamlined precise quotes, with spreads that can go as low as 0.7 pips. Using the MT4.VAR. account, clients can trade any lot size, starting with 0.01 Standard lot (1,000 units of base currency) and use leverage upwards to 1:1000. For more details, check out Trader’s Way.

 

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FxStat Autotrading

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with some of the most competitive trading conditions along with customized accounts, the latest trading tools and apps. In addition, both traders and investors can now use FxStat for autotrading; Clients can now review, analyze, evaluate signals received from experienced professional traders and execute the same in real time. In addition to sorting through all the signals, traders can now use FxStat Autotrading to keep track of the latest financial news, economic calendar, review their portfolio and fund allocation for each strategy, risk, live position monitoring, etc. For more information on FxStat Autotrading, please check out Trader’s Way.

 

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The Forex Market

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 the very latest in trading tools and apps. In our quest to provide all traders with well researched info on the market, here’s a brief recap on the forex market. The forex market is one of the world’s largest decentralized market, where currencies are bought and sold to a daily turnover in excess of four trillion USD/day. Given the fact that it is, far larger, than any other market makes the forex market extremely liquid and volatile – thereby offering more opportunities for traders. For more information on the market, please check out Trader’s Way.

 

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Currency Pair

At Trader’s Way, Prime Online Forex and CFD broker, we ensure our quotes reflect a high degree of precision and that the spreads for all currency pairs, are some of the lowest. As part of our ongoing edu series, here’s a brief recap on “currency pair”. In the forex market, traders would buy one currency while selling the other; essentially a trader would be going “long” on one currency while simultaneously going “short” on the other currency of the pair. So traders would be trading two currencies or a pair.

Example: When you buy EURUSD, you buy euros and sell dollars.

Currencies are denoted by 3 capital letters, the first two are the same as the country code while the last stands in for the currency name.
Example: USD = US dollar, where "US" = the United States and "D" = dollar.

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

 

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Try Best MT4 ECN from $10 ONLY!

At Trader’s Way, Prime Online Forex and CFD broker, clients have access to the very latest in trading tools, apps, including state of the art trading terminals. In addition to providing clients with some of the most competitive trading conditions with unlimited trading opportunities, Trader’s Way makes it possible for traders to trade on the interbank market with the lowest on the market deposit. With MT4 ECN, traders can take advantage of the low deposit, 0 pip spreads, accurate quotes, and fast execution. Traders can trade any size starting with 0.01 lots (1,000 units). For more details, do check out Trader’s Way.

 

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Pip

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the most competitive trading conditions, along with the latest in trading tools, apps, etc. Clients can look forward to extremely precise quotes along with some of the lowest spreads in the market. As part of our ongoing EDU series, aimed at new traders, here’s a recap on Pip. Currencies are usually quoted with four decimal points and 0.0001 is the least by which the quote could change and was the smallest price increment. But now, thanks to better precision, currency quotes are now represented with five decimal points and can change value by 0.00001 also known as pipette. But despite the currency being quoted with five decimal points, the value of the pip remains the same.

Example: Currency pair prices used to have 4 digits after the decimal point (e.g. EURUSD at 1.2539), and 0.0001 was the smallest amount by which the price could change (e.g. from 1.2539 to 1.2540).

Now, however, prices can change by one-tenth of a pip, or by 1 fractional pip, also called a pipette.

Example: USDJPY was usually quoted with 2 digits after the decimal point, e.g. 77.21/77.23, and 1 pip = 0.01. Now you can see the following quotation - 78.513/78.524, where the smallest price change is 0.001 = 0.1 pips = 1 pipette.

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

 

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Pip value

At Trader’s Way, Prime Online Forex and CFD broker, we ensure our clients have access to the very latest in trading tools, apps including state of the art trading terminals. In addition, traders can count on precise currency quotes, derived from multiple liquidity brokers and spreads that can go as low as 0 pips, depending on market volatility. Here’s a brief recap on how to calculate Pip value. In order to calculate the value of one pip, traders can use the formula listed below, in order to derive the Pip value in terms of the counter currency.

Pip Value = Position Volume x Counter Currency 1 pip
Example: Position 1 lot of EURUSD. Pip Value = 100,000 x 0.0001 = 10 USD

In order to work out the pip value in terms of your account currency, traders can use the one listed below.

Pip Value in Account Currency = Pip Value / Account Currency-Counter Currency Rate
Example: Position 1 lot of USDJPY. 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, clients have access to some of the most precise quotes, latest trading tools and apps. Moreover, we provide our clients with the most competitive trading conditions; enabling them to take advantage of even the smallest movement in the market. As part of our ongoing edu series, here is a brief recap on “Equity”. Equity is the amount that is left once a trader closes all open positions; in short, equity is the balance plus profits or losses.

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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MT4 Mobile Apps

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the latest, trading tools to state of the art trading platforms. In addition, clients can now use the mobile app and devices from smartphones to tablet PCs to manage their accounts seamlessly, while on the move. Our mobile apps provide traders for an easy option to track the market while granting them the same functionality as the desktop platform. Traders can use the mobile app to analyze the market, utilize trading tools and perform all trading related operations on their account. For more information, please check out Trader’s Way.

 

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Margin

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest from trading tools, apps, state of the art trading terminals to some of the most competitive trading conditions in the market. As a result, our traders are able to take advantage of even the smallest movement in the market. As part of our ongoing edu series, here is a brief recap on Margin. Margin is the amount that is required to open or maintain a position, where the initial margin equals position divided by leverage.

Initial Margin = Position / Leverage

Example: Sam's account balance is 2,000 USD. His leverage is 1/100. Sam wants to open 1 standard lot of EURUSD. The current EURUSD rate is 1.3000. Stop-out = 10%.
Initial Margin = 100,000 EUR / 100 = 1,000 EUR (or 1% margin requirement) = 1,300 USD
For more details, please check out Trader’s Way.