Trading

As far as types of account are concerned, there are two accounts to compare. Each account has its specialties and limitations.

The best (and safe) way of practicing tricks and knacks of FOREX Trading is to start practicing on a demo account first. Experts say that it is always better having two demo accounts for good results. Trading account is a mirror reflection (up to a great extent) of the demo account. Hence, to get a command over the rules of the game, you must practice on it.

At Forex4Money, we offer fantastic demo accounts that sharpen your trading skills so that you can do better in the live trading environment. Since the loss and gain both are fictitious in the demo account, you don’t have the risk of losing a single penny.

When you open a live account in a FOREX trading platform, every account carries its own personality and special features. You have your own goals, and the choice of account depends on several features such as the type of the investor, amount to be invested and the ability to take risks. Each parameter reveals a separate window of opportunity in the amazing world of currency trading. Whether you a small investor or an investor with deep pockets, a seasoned player or a novice; there are several categories of live trading accounts that open gateways to the financial aspirations of investors.

You need to be clear about your expectations with FOREX trading before opening an account. Your strategy and style largely depend on the returns expected.

We have a variety of live accounts with varying minimum deposits, stop levels (limits), commissions and spreads. You need to choose the most suitable one that fulfills the aspirations and expectations. Compare them to finalize the best one.

Let the thing be very clear that an unverified account not only enjoys a limited opportunities given to you by Milliontradefx but also under the threat of getting discontinued. Yes, even if account verification isn’t obligatory as of now, it is always better to get it secured by providing all necessary supporting documents.

It is quite a simple process. All you need is to scan the address and identity proof and mail it to Milliontredefx. You can go through the list of valid Address and Identity proofs in the annexure mentioned here. The list is as per the guidelines issued by the Govern of India.

We will inspect the documents and send you the confirmation (or objections if any). Usually, the timeline of 72 hours is taken to complete the procedure. If we need some additional documents, then also you are informed about it accordingly.

You can now trade with new Instruments with access to the Shares market, the future market and even the virtual market.

Your account protection has increased, as the new system monitoring your risk factors per symbol, thereby helping to prevent your account from being calibrated

With the Margin calculations, and Maintenance Margin per symbol with specific parameters per symbol – risk calculations are per positions are increasingly accurate and protect your per symbol trading as well as your entire account.

Leverage allows you to trade with amounts much higher than your initial investment amount, which increases the potential return of your investment. Although the ability to earn significant profits by using leverage is substantial, leverage can also work against you if the market goes in the direction opposite of your trade. Traders normally use Stop Loss & Take Profit to avoid such scenarios. So far, the leverage offered was assigned to your entire equity.

Leverage in the share market tends to be much lower than in the forex market. Therefore, as we enter this market, leverage will now be offered per symbol. This means that each position will be leveraged according to the leverage assigned to the specific symbol in which you choose to open a position.

Having leverage per symbol also allows you to closely monitor the real value of your trades. Each time you open a position, the real value of your investment in this position [non leveraged amount according to the leverage per symbol] is deducted from your Available Balance. This means that you may now view the remaining Available Balance of your equity in real time and in non-leveraged values (available for trading).

The margin parameter shows you the ratio between your equity and your net exposure (the sum of all open positions converted into the account base currency). Once your margin exceeds the allowed limit, your account is at risk of calibration and ALL of your positions or part of your trades are automatically closed. For this reason, your margin is monitored in real time

As we enter the share market with leverage per symbol, the margin applied is also being offered per symbol. Each symbol will now receive its own margin limits according to the risk factor it represents and according to the leverage applied. This is in addition to the entire account margin [mentioned above] which will continue to operate as an indicator for your account status. In order to help monitor your Margin per Symbol, a monitoring system has been placed to monitor your Margin per Symbol; the Maintenance Margin System.

The Maintenance Margin is an automatic system set to protect your account investments, and prevent your entire account from being calibrated by maintaining your margin levels per symbol. The Maintenance Margin will display the relative sum of all margins and is calculated each time a position is opened. By observing your equity and Maintenance Margin values you can monitor your distance from margin call status.

Once the sum of positions from a particular symbol, in a particular market direction, hits the risk margin for that symbol, positions from that symbol will automatically begin to close until a sufficient margin is restored. Positions will begin to close until a sufficient margin for that symbol is achieved; thereby increasing protection of other positions as well as the account’s entire margin. The action of closing position per symbol is called Margin Call.

The current real amount in the account, calculated by this formula: (Total Account Deposits) minus (Total Account Withdraws) plus (Closed Profit and Loss) plus (Open Profit and Loss) plus Bonus, converted into the Account Base Currency.

Open P & L: Total Profit and Loss of all open positions (Including Premium Charges) converted into the Account Base Currency.

Net Exposure: The sum of all open positions converted into the Account Base Currency.

Pending Bonus: Displays the Bonus amount that will be transferred into the Equity, provided that you exceed the “Volume to Reach” within the set period.

XPoints to Reach: Presents the XPoints you need to reach within the set period in order to have the pending Bonus transferred into the Equity.

Bonus Codes: Bonus Codes add various cash bonuses to a player’s account, depending on the type of the code. To redeem a Bonus, traders must use the corresponding Bonus Code when making a deposit. To access the Deposit page, login to the WebTrader platform and click the Deposit Tab. On the Deposit page, type a valid Bonus Code in the ‘Bonus Code’ field. If you do not have a valid Bonus Code, this field will remain blank.

Pips and spreads show the value of a currency pair to the investor and to the broker.

A pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on. One pip is the smallest price change that an exchange rate can make. Most currencies are priced to four numbers after the point. For example, a five pip spread for EUR/USD is 1.2530/1.2535.

In the major currencies, the price of the Japanese yen does not have four numbers after the point. In USD/JPY, the price is only given to two decimal points – so a quote for USD/JPY looks like this: 114.05/114.08. This quote has a three pip spread between the buy and sell price.

The spread is the difference between the buy (also called bid) price and the sell (also called ask) price. Two prices are given for a currency pair. The spread represents the difference between what the market maker gives to buy from a trader, and what the market maker takes to sell to a trader.

If a trader buys any currency and immediately sells it – and no change in the exchange rate has happened – the trader will lose money. The reason for this is that the bid price is always lower than the ask price

For example, the EUR/USD bid/ask currency rates at your bank may be 1.2015/1.3015. This represents a spread of 1000 pips. This spread is very high compared to the bid/ask currency rates for online Forex investors, such as 1.2015/1.2020 – a spread of 5 pips.

In general, smaller spreads are better for Forex investors because a smaller movement in exchange rates lets them profit from a trade more easily.

The spread is where the market maker will make their money. See easy-forex® trading features for information on our spreads.

In Futures Spread Trading the trader simultaneously buys (longs) and sells (shorts) futures contracts for two related commodities or securities. The rationale behind this kind of strategy is that as futures contracts approach maturity, prices of different contacts will often change differently over time, leaving savvy traders an opportunity to profit. We explain this in more detail below, but overall spread trading offers good traders the opportunity to profit off contract spreads instead of taking a position on the market’s direction.

Some traders may also pursue this kind of trade, believing they reduce their overall exposure to the market, since losses from longs will be offset from shorts and vice-versa. Futures spread trading generally is a more conservative approach to trading overall than simply investing in one futures contract.

FX – In FX, spreads traders seek to buy a currency cross in order to take advantage of rollover interest, while simultaneously shorting a similar pair to reduce their exposure to unpredictable fluctuations in price.

Withdrawing funds from your Milliontradefx, account is easy and quick. Withdrawal requests received before 1pm AEST will be acted on the same day, with all others being acted on within 24 hours. Milliontradefx only uses secure methods for sending your funds to you, and fully complies with internal and regulatory procedures to ensure the funds are safely processed. For more details on withdrawal procedures, see below or contact us for more information.

To execute a withdrawal from your Milliontradefx trading account simply login to the cPortal above and from the withdrawal tab you can complete the online form. This form is completed online and uses an electronic signature to verify your authorisation to perform the withdrawal. This is directly sent through to us via email meaning you do not need to print, complete and scan or fax the document back to us, which saves time and the need for paperwork.

If you prefer, you can also choose to download the PDF version of the form and submit it to us that way.

Having leverage per symbol also allows you to closely monitor the real value of your trades. Each time you open a position, the real value of your investment in this position [non leveraged amount according to the leverage per symbol] is deducted from your Available Balance. This means that you may now view the remaining Available Balance of your equity in real time and in non-leveraged values (available for trading).

A Stop Loss order is essentially a type of a limit order. A Stop Loss order executes a limit at a relative loss, at the rate set by the trader in advance. A client can chose the stop loss rate for opening or closing a position – increasing or decreasing his exposure. Using a Stop Loss order to open a position (or an exposure) is an order to buy or sell one financial asset against another, at a rate inferior to the currently prevailing market rate. Using a Stop Loss order to close a position or to decrease exposure means giving an order to execute a deal, which is opposite to an existing position/s, thus effectively closing a position.

Stop Loss orders are usually executed at the client-defined rate, except for cases of extreme price volatility during market trading hours (e.g., during dramatic news events), during periods when the trading in a particular instrument is halted, or over the weekend, when the first trading day after the trading halt or weekend starts with significantly different opening rates to the previous market closing rates. Under such circumstances, the order may be executed at the closest possible rate (i.e. market rate during the execution (“at best market” order)). Please note that some less liquid currencies (e.g. TRY) or other instruments (e.g. commodities and indices), which are not traded on a 24 hours basis, may experience market gaps on a daily basis, and are therefore more susceptible to slippage. You should expect more incidents of executing Stop Loss orders at best market rate with these instruments.

We know that you want huge profits by FOREX trading because it has a great potential. Indeed, it is a lucrative way of becoming wealthy. However, is furthermore important that you choose the right path. At Milliontradefx, our endeavor is to bring the best opportunity for you by offering strong and capable premium accounts that increase the possibility of earning.

We design our Premium Account with the objective of taking care of active traders. Hence, it is always assured that you get the best possible service.

We want to lower your trading costs by offering the best services. You access the best online services and products.

We offer discounted rates on all major currency pairs.

You earn higher interests on the account balance.

You talk to the best trading specialist who is the Single Point of Contact for you. Get benefited by the seasoned relationship manager who knows the crux and knacks of FOREX Trading.

We bring you the chance of interacting with the market specialists in premium-only events sponsored or organized by us. It is a highly interactive and learning experience.

As you trade more, you receive more trading benefits. It is a win-win situation indeed.

Since profit-making is the primary objective of FOREX trading, you should be able to harvest the profits in an easy-going manner. At Millionstradefx, we believe in simple and effective ways of trading in Foreign Currency. Hence, our withdrawal process is also quick and easy. Funds can be withdrawn up to the balance limit set for your account which varies in each case.

There are several ways of withdrawing the amount. Usually, it takes up to three working days to process your withdrawal request. However, it may get extended in case there is some technical issue with the transaction. We keep you posted about the progress of the transaction.

When you register with us for FOREX trading account, it is guaranteed that the experience will be overwhelming. We are committed offering the best services and the maximum profits. Though there is a great scope for making money in the niche, we strive hard to make it further interesting and profitable. Our approach is to offer the maximum benefits to you so that we get the recognition of the most-trusted partner in the niche.

What if you get a part of your deposit money back as Welcome Bonus? Isn’t it a mind-boggling idea indeed? Yes, at Milliontradefx, we add a part of your money to your trading balance. You have some more money for trading. Since you get a rise in the initial amount, higher earnings await for you.

Cash back promotions are popular worldwide because they make the game further interesting. With Milliontradefx, you can be assured about great opportunities for earnings.

Rebate offers or rebate bonus pay you for trading activities regardless of the loss or profits made in the individual trade. Since each trade brings a chance to earn money, it is an added benefit to the whole game.