Trader's Way - tradersway.com

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The Pip and the Pipette

At Trader’s Way, Prime Online Forex and CFD broker, we offer our clients limitless trading opportunities along with state of the art trading terminals, top of the line trading tools and apps. Moreover, our clients can trade in multiple instruments along with the option to manage multiple accounts, portfolios etc. As part of our edu series, here is a brief recap on pips and pipette. The pip is the smallest price increment.

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, the prices can also vary 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.

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Pip Value

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with state of the art trading terminals along with some of the most competitive trading conditions in the market. As part of our ongoing series, here’s a brief recap on pip value and how to calculate it. Traders can calculate their P/L changes by using the following formula to calculate the value of one pip: Pip Value = Position Volume x Counter Currency 1 pip
This gives you the value of one pip, in terms of the counter currency.
Example: Position 1 lot of EURUSD. Pip Value = 100,000 x 0.0001 = 10 USD

And traders should also be able to work out the pip value in terms of their account currency.
Pip Value in Account Currency = Pip Value / Account Currency-Counter Currency Rate
Example: Position 1 lot of EURJPY. 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, we provide our clients with state of the art trading terminals, along with some of the most competitive trading conditions in the market. In addition, clients can opt for various account types as per their trading requirements, utilize EAs and other automated scripts on the platform, along with the very latest in trading tools and apps. As part of our ongoing series, here’s a recap on Equity. Once a trader closes all his open positions, the amount of money left over is termed “equity”. In short, equity equals the balance plus P&L:
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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STANDARD Account with VARIABLE Spread

At Trader’s Way, Prime Online Forex and CFD broker, we offer our clients some of the most competitive trading conditions in the market along with state of the art trading terminals and the latest trading apps. Clients can opt for the Trader’s Way MT4.VAR. account and take advantage of real market ECN trading conditions, along with variable spreads that can go as low as 0.7 pips while not paying any commission or charges. Traders can start trading on these accounts right away, with an initial small deposit, trade lots of any size starting with 0.01 Standard lot (1,000 units of base currency) and leverage their trades upwards to 1:1000. For more information, please check out Trader’s Way.

 

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Leverage

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest from streamlined accurate quotes to the very latest in trading apps. As part of our ongoing series, here’s a recap on leverage. Traders use leverage, to open positions bigger than their deposit. The leverage works more like a credit that a broker offers, to enable the trader to open larger positions and increase his P/L. A large leverage can lead to a proportional increase in risk.

Example: Sam deposits 1000 USD into his account. Sam's broker provides him with a 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

 

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Commissions

At Trader’s Way, Prime Online Forex and CFD broker, we offer our clients some of the most competitive trading conditions in the market. Moreover, due to our trading tools and latest apps, our clients are able to take advantage of even the smallest movement in the market. As part of our ongoing series, here’s a recap on Commissions. Commissions for ECN accounts are charged on per volume traded basis. You can work out the deal commission by dividing the total lots you have traded by one million and then factoring in the ECN commission value.

ECN commission = Traded Volume in USD / 1,000,000 x ECN commission in USD per 1M USD traded volume

Example: Sam is buying 1 lot of EURUSD. The current EURUSD rate is 1.3000. The ECN commission would be 30 USD per 1M USD traded volume.

Keep in mind that deal volume is measured in the base currency terms. In this example, Sam's deal volume is 100,000 EUR.

The commission when Sam opens the deal = 100,000 EUR x 1.3000 /1,000,000 x 30 USD = 3.9 USD

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

 

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100% Deposit Bonus

At Trader’s Way, Prime Online Forex and CFD broker, we ensure that our clients have access to some of the most precise quotes in the market. These quotes are derived from multiple sources and as a result of this precision; traders at Trader's Way are able to take advantage of even the smallest market movement. Moreover, now clients can take advantage of the 100% bonus on all deposits. On depositing funds, traders would just need to mail us the details and the bonus would be credited to their trading account after verification. For more details, terms and conditions regarding the bonus, please check out Trader’s Way.

 

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MetaTrader 4

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest in trading apps, advanced charting tools along with state of the art trading terminals. Clients can access over 50 built-in technical indicators and tools or opt to use customized tools to streamline their trading and take advantage of even the smallest movements in the market. In addition, clients can use various tools to analyze trends, overlay one analytical object over another to determine long and short trends, print out diagrams, etc. For more information on Metatrader 4 and other details, please check out Trader’s Way.

 

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MetaTrader 4 for iPhone

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 apps, tools, etc. Clients can opt to use our MetaTrader 4 for iPhone mobile for an easy, fully functional forex trading, with easy access to indicators, charts, etc. With mobile trading, clients can access their accounts even when commuting. By doing so, clients can ensure that they are able to take advantage of even the smallest market trends, analyze the market, open positions, etc. For more details, check out www . tradersway . com

 

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QuickDeal

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest in trading tools and apps, along with the most competitive trading conditions in the market. Traders can now use our proprietary QuickDeal to place orders with a single click. It makes for some convenient and seamless trading, enabling traders to take advantage of even the smallest market movement. In addition, this tool provides traders with a range of helpful information, from current trading instrument volume, P/L, break even pricing and also a close all button to close all open positions. For more information, please check out Trader’s Way.

 

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cTrader

At Trader’s Way, Prime Online Forex and CFD broker, our clients are able to access the very latest in trading tools, apps, state of the art trading terminals, in addition to trading with some of the most precise quotes in the market. Moreover, clients can use our cTrader and the cTrader quick interface for fast seamless trading, single click functionality and trade directly with the interbank market. Trading directly with the interbank market, clients are able to access more competitive quotes, tiered pricing, better liquidity and a high degree of transparency. Dealing desk intervention is not possible and with enhanced charting tools, clients can look forward to taking advantage of even the smallest market movement. For more information, please check out Trader’s Way.

 

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Forex

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest in trading technology, latest apps, and state of the art trading terminals. Clients can opt for their preferred instrument to trade in, from the same account along with some of the most competitive quotes in the market. Here’s a brief recap on the market. The forex market is the largest decentralized market with a daily turnover exceeding $4 trillion. Clients can trade in various instruments, from metals to currency pairs. The forex market is where one currency is exchanged for the other, at a specified rate. These rates are determined by various factors, including global cues, demand and supply etc. For more information on the market, please check out Trader’s Way.

 

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cAlgo

At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with state of the art trading terminals along with some of the most competitive trading conditions in the market. With cAlgo, our special proprietary algorithmic platform, clients can build, customize their expert advisors, custom technical indicators by using C#. In addition, clients can collaborate with other traders to develop and share robots without having to build one from scratch. Moreover, clients can test their automated scripts right away by using “plug and play”, providing for testing in a live trading environment. For more information, 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, we provide our clients with some of the most competitive trading conditions in the market with state of the art trading terminals, apps and unlimited trading opportunities. Now clients can start trading on ECN accounts, with lowest-on-the-market deposit and access interbank quotes and better liquidity. Clients can count on some of the most precise rates along with the lowest spreads in the market, which can go as low as 0 pips under some market conditions, as they would be trading on the interbank market directly. Clients can now open ECN accounts and start trading by depositing only $10 and open orders for as little 0.01 lots (1,000 units). For more information, please check out Trader’s Way.

 

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VPS Hosting Service

At Trader’s Way, Prime Online Forex and CFD broker, we ensure that our traders are able to access the most precise quotes along with the most competitive trading conditions in the market. Moreover, with our very latest trading apps, state of the art trading terminals, we offer our clients a limitless 24/7 VPS hosting service. Clients can use the VPS and access our remote servers, thus ensuring that their custom built indicators, expert advisors and other scripts function, round the clock. Our VPS remote servers are located close to our main servers and come with maximum uptime with little or no downtime. For more information, please check out Trader’s Way.

 

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MT4 MICRO account

At Trader’s Way, Prime Online Forex and CFD broker, we offer our clients the very latest in trading tools, apps along with some of the most competitive trading conditions in the market. Moreover, clients can choose the account type, depending on their trading strategy. The MT4 MICRO is perfect for both new traders and experienced ones, as it allows for a real time environment to practice trading, to test run and develop various trading strategies. Clients can start trading right away, to experience live trading with minimum risk/ exposure by opening orders of just 0.1 of a micro lot (100 units of base currency). For more information on MT4 MICRO, please check out Trader’s Way.

 

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MT4 Trading Signals

At Trader’s Way, Prime Online Forex and CFD broker, clients have access to state of the art trading terminals along with a host of trading apps including advanced charting tools. Clients can use the built in social trading service to copy trading signals from other providers. The platform makes it easy for traders to review signals based on certain specs, subscribe to the selected trading signal - after which, all trades are automatically copied into the trader’s account. All signal providers are carefully vetted and clients can choose from a whole range of signals, from free to paid version. For more information, please check out Trader’s Way.

 

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Metals (Gold and Silver)

At Trader’s Way, Prime Online Forex and CFD broker, we ensure that our clients have access to the most precise quotes along with the very latest trading aaps and tools, in order to take advantage of even the smallest market movement. In addition to precise quotes traders can opt to trade in metals like gold and silver. Trading in metals is always a preferred option for many traders on account of the fact that it can be used to hedge against inflation and sudden market volatility. While other markets are more susceptible to global cues, metals carry an intrinsic value and on account of increasing demand and fast depleting resources, are bound to increase in value over time. While other instruments like currencies face external pressures like Government debt, interest rates, the rates of these metals tend to be stable. For more information, please 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 state of the art trading terminals, apps and endless trading opportunities. We offer clients some of the most competitive trading conditions in the market, in addition, traders can opt for FxStat Autotrading. FxStat is where traders can review, sort and evaluate trading signals and copy trade the same in real time. Along with a completely automated trade replicator, FxStat makes it possible for traders to create portfolio of best performing currencies, monitor their positions, micro manage multiple accounts, review in depth account reports, etc. For more information on FxStat Autotrading, please check out Trader’s Way.

 

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STANDARD Account with FIXED Spread

At Trader’s Way, Prime Online Forex and CFD broker, we ensure that our clients are able to take advantage of even the smallest movement in the market by providing them with the latest trading apps, advanced charting tools along with state of the art trading terminals. Clients can opt for a preferred account type, depending on their trading strategy. With MT4.FIX. ,the spread is fixed at 2 pips; clients can trade knowing the spread beforehand, making this account type perfect for those trading with expert advisors, automated scripts. Clients can trade any lots starting with 0.01 Standard lot of 1,000 units of base currency. For more information, please check out Trader’s Way.