RoboMarkets, a Forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Read this Term broker, announced this Tuesday that starting from the 14th of May 2020 it will be reducing the minimum lot and order volume step for trading indices.
Under these new changes, clients of RoboMarkets will be able to trade indices with lower margin requirements. According to the statement published by the broker today, it will also allow orders in the CopyFX platform to be copied with higher accuracy.
“Reduction of the minimum lot and order volume step is another step in the Company's extensive work aimed to provide its clients with the most competitive conditions for trading Indices in the industry,” the online FX trading provider said today.
In particular, RoboMarkets has reduced the minimum order volume (lots) to 0.01 and the minimum order volume step (lots) down to the same value. However, the broker advises its clients that they may need to adjust their settings and review their strategies following the changes.
RoboMarkets continues to expand and update
As Finance Magnates reported, in recent months RoboMarkets has been actively expanding its trade offering. Namely, the broker launched commission-free trading on US stocks, as well as bolstering its European stock offering.
In particular, the company launched more than 500 contracts for differences (CFDs) on European stocks to its R Trader platform. The CFDs included stocks from 11 European countries that hadn’t been available on the platform previously. In particular, these countries were Belgium, Denmark, Ireland, Spain, Italy, the Netherlands, Norway, Portugal, Finland, France, and Sweden.
For the commission-free offering, back in March of this year, the company launched more than 3,000 stocks of the largest American companies, such as Amazon, Facebook, Netflix, Google, and more.
As Finance Magnates highlighted at the time, RoboMarkets was the latest player to the commission-free space, which was initially dominated by stock trading app Robinhood.
However, as brokers try to reach millennials, more and more larger players have been entering the space, such as E*TRADE, Interactive Brokers, Charles Schwab, and TD Ameritrade.
RoboMarkets, a Forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Read this Term broker, announced this Tuesday that starting from the 14th of May 2020 it will be reducing the minimum lot and order volume step for trading indices.
Under these new changes, clients of RoboMarkets will be able to trade indices with lower margin requirements. According to the statement published by the broker today, it will also allow orders in the CopyFX platform to be copied with higher accuracy.
“Reduction of the minimum lot and order volume step is another step in the Company's extensive work aimed to provide its clients with the most competitive conditions for trading Indices in the industry,” the online FX trading provider said today.
In particular, RoboMarkets has reduced the minimum order volume (lots) to 0.01 and the minimum order volume step (lots) down to the same value. However, the broker advises its clients that they may need to adjust their settings and review their strategies following the changes.
RoboMarkets continues to expand and update
As Finance Magnates reported, in recent months RoboMarkets has been actively expanding its trade offering. Namely, the broker launched commission-free trading on US stocks, as well as bolstering its European stock offering.
In particular, the company launched more than 500 contracts for differences (CFDs) on European stocks to its R Trader platform. The CFDs included stocks from 11 European countries that hadn’t been available on the platform previously. In particular, these countries were Belgium, Denmark, Ireland, Spain, Italy, the Netherlands, Norway, Portugal, Finland, France, and Sweden.
For the commission-free offering, back in March of this year, the company launched more than 3,000 stocks of the largest American companies, such as Amazon, Facebook, Netflix, Google, and more.
As Finance Magnates highlighted at the time, RoboMarkets was the latest player to the commission-free space, which was initially dominated by stock trading app Robinhood.
However, as brokers try to reach millennials, more and more larger players have been entering the space, such as E*TRADE, Interactive Brokers, Charles Schwab, and TD Ameritrade.
