What are Swap Fees, and how are they calculated?
How is the Margin level calculated, and when will they automatically close losing trades?
Is there any kind of exchange rate with brokers in another country? For example, if I am trading a Demo Account with Alpari UK and I reside in the United States, will some of my profits be lost through any kind of conversion through their domestic currency (the pound)? Or, if I invest in say the EUR/USD, will any of my profits be lost through any kind of conversions from the EUR to the USD?
Thanks in advance.
http://www.forex.com/forex_glossary.html
http://www.babypips.com/forexpedia/
http://forexadvisor.us/
http://en.wikipedia.org/wiki/Foreign_exchange_market
http://glossary.reuters.com/index.php?title=Main_Page
July 30th, 2009 at 5:31 pm
Hi there,
I understand you much confused you are. this is a normal behaviour when starting with forex trading. No problem in can help you out. I would recommend you to google out these concepts because this will help you to grasp various other concepts too. Therefore you can try various online tutorials and glossaries. I am recommending 2 tutorials here and for more information and concepts you can have a look at babypips.com for details tutorials.
Have a nice day!!
References :
http://www.finexo.com/infoCenter/5553
http://www.finexo.com/infoCenter/5548
July 30th, 2009 at 6:02 pm
http://www.forex.com/forex_glossary.html
http://www.babypips.com/forexpedia/
http://forexadvisor.us/
http://en.wikipedia.org/wiki/Foreign_exchange_market
http://glossary.reuters.com/index.php?title=Main_Page
References :