Trading Platform
What is Trailing Stop?
A Trailing Stop is a stop-loss order that automatically adjusts itself as the market rate moves in the direction of your open position. The trailing price literally trails behind rising prices, allowing you to capture more profits while ensuring that if prices suddenly drop you are still protected by the automatic Stop-Loss order.
CloseWhat is Forex?
In short, the Foreign Exchange market, also referred to as the "Forex" or "FX“ market, is the largest and most liquid financial market in the world, with a daily turnover volume of roughly 4 Trillion US Dollars. Forex trading is the buying and selling of one country’s currency against another.
To learn more about the Forex market, please refer to the Forex Education page.
What is spread?
The spread is the difference between the bid price (selling price) and the ask price (buying price).
Example: If the quote for the EUR/USD pair is 1.2910 against 1.2913 then the spread is 3 pips.
What is a Pip?
Pip is an acronym for Price Interest Point . This represents the smallest value of measurement for forex currencies.
CloseHow does a Stop Loss order work?
Stop Loss orders are used to reduce risk by closing a losing trade once a market passes a trigger value pre-determined by the trader. Finexo will do its best to fill your trade at the price requested. However, because the order will close your trade at the best available price once activated, the Stop Loss is exposed to a gapping market.
For the sake of absolute transparency, this means Finexo cannot guarantee a Stop Loss.
When is the forex market open for trading?
The Forex market is open for trading 24 hours a day, five days a week. The market opens on Sunday evening at 22:00 GMT when Asian markets open, and concludes on Friday night when the New York markets close.
CloseWhat is the rollover?
A rollover is when interest is paid or deducted from open positions. Trading currencies always involves two different currencies with their own individual interest rate. When you buy a currency that has a higher interest rate than the sold currency, you will be paid interest. However, when you buy a currency with a lower interest rate than the sold currency you will pay interest, and money will be deducted from your account. A rollover applies only to overnight trades.
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