Thread: Trader's Way - www.tradersway.com - 55% deposit bonus

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.

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.

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.

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.

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.

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.

Maintenance margin and stop out level


At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest in trading tools, to the most competitive trading conditions in the market, enabling them to take advantage of even the smallest market movement. As part of our ongoing series, here’s a brief recap on Maintenance margin and stop out levels. Maintenance margin is the least margin that is required to keep a position open; once a trader’s margin falls below the stop out level, all open positions are closed. Do note that the stop out level may vary from one broker to the next.


Maintenance Margin = Initial Margin x Stop-Out Level


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
Maintenance Margin = 1,300 USD x 10% = 130 USD


When equity on Sam's account goes below 130 USD, the position will be closed automatically.


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

Leverage


At Trader’s Way, Prime Online Forex and CFD broker, our clients have access to the latest trading tools, apps and state of the art trading terminals. Moreover, with our precise quotes, our clients are able to leverage themselves better and trade more effectively. As part of our edu series, here’s a brief recap on “Leverage”. In online forex trading, traders use leverage to increase the size of their position; the leverage is more of a multiplier that a trader can use to increase his order and in turn, increase his P/L.


Example: Sam deposits 1000 USD into his account. Sam's broker provides him with 1/100 leverage. The maximum position Sam can open equals his deposit multiplied by his leverage = 1000 USD x 100 = 100,000 USD. Sam's P&L is correspondingly multiplied by 100.


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

MT4 MICRO account


At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the latest trading tools, state of the art trading terminals, along with some of the most competitive trading conditions in the market. In addition, traders can opt for the preferred account type, depending on their trading strategy. Our MT4 MICRO account is perfect for both beginners and professional traders since it enables a trader to trade in a live environment but with low risk. Given this, beginners can use the micro account to gain valuable knowledge and actual trading experience while minimizing risk and exposure and professional traders can use the Micro account to test out new trading strategies. Traders can trade any size, starting with 0.1 of a micro lot (100 units of base currency). For more information, please check out Trader’s Way.

MetaTrader 4


At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest from trading tools to state of the art trading terminals. Our MetaTrader 4 client terminal comes packed with impressive analytical tools, enabling the trader to gauge the market more accurately. With over built-in technical indicators and tools, advanced charting tools, traders can analyze more effectively, from gauging trends to entry and exit points. In addition, our MetaTrader 4 platform uses 128-bit encryption which secures all information that is exchanged between the client terminal and our main servers. Traders can also use customized scripts, from Indicators to expert advisors on the platform. For more information, please check out Trader’s Way.