At Finarix, we offer the possibility for traders to trade on the Forex market using an extensive and secure trading platform.
Tool Specifications
Volume:
Minimum lot per trade is 0.01.
Tradable assets:
Currencies, Crypto, Stocks and Commodities
How It Works
Forex markets are greatly affected by world economic events that hinders the price of the assets
FX/CFD available on our platform offers the ability for traders to trade the forex market in just few clicks. However, this requires traders to understand the following terms applicable to Forex trading.
- Leverage: It allows us to control funds much bigger than what we have for a small cost. Leverage can come in different ratios – 1:50, 1:100, 1:200.
- Stop-Loss: This will allow us set a rate at which we want our trade to stop losing. The rate has to be set manually on the platform.
- Take-profit: This will allow us to set a rate at which we want our trade to win. This also needs to be set manually.
- Sell: Also known as ASK price. When you sell a currency you hope that its value will weaken compared to the currency that you are buying.
- Buy: When you buy a currency you hope that its value will strengthen compared to the currency that you are selling.
How To Use The Tool?
FX/CFD is the fifth tool on the toolbar of the Trading Platform. To use FX/CFD for trading, log in to your account and head to the trading platform. Then follow the steps below:
To use the tool, please follow the steps below:
Step 1: Login to our trading account using your credentials,
Step 2: Select your asset and click on “BUY” or “SELL”,
Step 3: Select your “Quantity”, “Stop Loss” and “Take Profit”
Step 4: Choose between “Sell” or “Buy” to open your position.
Key features
Our trading platform also went the extra miles by providing much support to our traders.