About FXTM
FXTM is a market between banks that runs the selling and purchasing process of international currencies and selling valuable metal and products. FXTM is kind of trading in financial market which is done in 24 hours and 5 days of a week. FXTM is the widest international trading currencies market which has had over 5 trillion transaction. This market is launched in 2011 and has become a place for exchanging currencies. I meen selling and purchasing another currency at the same time with another currency in order to take advantage of spread.
FXTM provides advanced educating and state-of-the-art tools in terms of saving people's time to get the best value of investing
.
some contradictions in FXTM:
PIP= point in price (every price has 5 decimal which PIP is the first 3 of numbers that the second is PIP)
BID= the trader's willing to sell
ASK= the trader's willing to buy
SPREAD= differences between ASK and BID
7main currencies:
EU-USD= EURO
USD-YEN= YEN
EN-USD= CABLE
AUSD-USD= AUSSIE
USF-SW= SWISSY
USD-USC= LOONIE
USNE-USD= KIWI
There are 2 major currency pairs including CROSSED and EXOTIC. There is no dollar in crossed currency pairs which trading has become risky.
exotic has been belonged to small company for example Turkey's lira. Trading with thses currency pairs is too risky due to less liquid
LOT= The amount of currency you buy or sell
LEVERAGE= A loan provided by investing by broker
Long position= buying currency which is growing
درباره این سایت