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Why Choose Axi Trader?
AxiCorp is regulated by the Australian Securities and Investments Commission (ASIC) and holds Australian Financial Services License number 318232. AxiCorp Financial Services Pty Ltd is an Australian business established to offer innovative online financial products and services.
Back in 2007, AxiTrader was established on a basic idea: to be the broker we 'd wish to trade with. We've considering that grown to turn into one of Australia's biggest and leading Forex brokers.
Making use of the world's most popular trading platform, our customers can access the latest market data on Forex, CFDs and Indices and trade with consistently competitive rates. AxiTrader is understood in the trading market for our extraordinary, acclaimed consumer support.
Live forex trading strategies fibonacci Spreads
INSTITUTIONAL-GRADE FX SPREADS
With AxiTrader you'll keep your trading expenses low with market-leading spreads across a vast array of currencies, products and indices. Throughout liquid times our market-leading spreads can go as low as 0.0 pips, and we always ensure they are among the most competitive offered.
We desire our infect be as transparent as possible, that's why we release our average and live spreads for each currency pair. Plus, you can compare our historical and live spreads against other brokers today.
AxiCorp is regulated by the Australian Securities and Investments Commission (ASIC) and holds Australian Financial Services License number 318232. AxiCorp Financial Services Pty Ltd is an Australian company developed to supply innovative online financial items and services.
Using the world's most popular trading platform, our customers can access the most current market information on forex account management, Indices and cfds and trade with consistently competitive rates.
CFD & Indices Basics
WHAT ARE CFDS?
CFD stands for Contracts for Difference, with the difference being between where you enter a trade and where you exit. Simply put, when the position is closed, you'll get the profit or incur the loss on that difference.
If you have actually bought gold for $1600, you do not have an ounce of gold that you can hold, rather you bought a contract from AxiTrader that will increase in value if the Gold cost boosts. For instance, when you trade a CFD you're hypothesizing on the movement of the rate only, rather than standard stocks where you purchase a physical asset. When integrated with leverage, CFDs provide you fast, cost-efficient and versatile exposure to a host of global financial products.
WHY TRADE CFDS?
- If you're looking to buy the cost movements of instruments, instead of acquiring physical assets
- To benefit from quick fluctuations in the underlying instrument or security. This is popular with short-term investors planning to make money from intra-day and overnight movements in the market
- To take advantage of leverage and spread capital across a variety of various instruments instead of tie it up in a single financial investment (note: this approach can increase risk).
- As a risk management tool to hedge direct exposure.
EXAMPLE GOLD CFD TRADE.
The price of gold is measured by its weight. For that reason, the price demonstrates how much it costs for one ounce of gold in United States dollars. If the gold (XAUUSD) cost is $1600.00, it means an ounce of gold is traded at US$ 1600.00. Similarly, the cost of silver is its cost per ounce in USD. It means that an ounce of silver is traded at US$ 28.00 if the silver (XAGUSD) price is 28.00.
If you offer it for $1605.00, you have made profit of $5 for every ounce (unit) of gold in your contract. If you have actually purchased silver (XAGUSD) for $28.00 and offer at $28.50, you would have made a profit of $0.50 for every ounce of silver in your contract.
INDEX FUTURES ROLLOVERS EXPLAINED.
AxiTrader's Index contracts are based upon the appropriate futures exchange risk management in india cost. Due to the fact that they are related to a definitive date, futures agreements expire. There are many months traded and the forward rates can be higher or lower depending upon market conditions.
In order to eliminate last day volatility, at AxiTrader we switch from using the front month contract into the 2nd month's contract one trading day prior to the exchange expiry.
An example of this is when the Australian SPI contract for March expires. The June rate has to be used and the price on the AxiTrader MT4 platform may increase or decrease depending on the value of the June contract relative to the March contract. This is undoubtedly not a cost rise or fall in the SPI but simply a relocation to a new referral cost, for that reason no profit or loss will be incurred as a result.
In order to ensure this does not affect our customers, a cash adjustment needs to be made. This is explained in the copying:.
SPI March closes at 5050/5051 and SPI June opens at 5000/5001.
Your Position: 10 Buy agreements.
If your position is a Buy, it closes on the old Bid rate types of exchange rate exposure 5050 and resumes on the new Ask rate of 5001. Due to the fact that you remain in a Buy and the new market price has reduced, your open trade P&L has actually made a loss. As an outcome you will get a positive adjustment amount in your swap column equal to the difference of the old bid and the brand-new ask.
You will receive (5050-5001) * 10 contracts = $490AUD.
Your Position: 10 Sell contracts.
It closes on the old Ask price of 5051 and resumes on the new Bid cost of 5000 if your position is a Sell. Your open trade P&L has made a gain because you are in a Sell and the brand-new market cost has reduced. As an outcome you will get an unfavorable adjustment quantity in your swap column equivalent to the difference of the old ask and the brand-new bid.
You will get (5051-5000) * 10 contracts = -$ 510AUD.
Accounts will be money changed on positions held at the following times:.
HSI Future-- Close of business on the day 3rd to last business day of the contract month.
CAC40 Future-- Close of business on the day prior to the 3rd Friday of expiry month.
DAX30 Future-- Close of business on the day before the 3rd Friday of expiry month.
S&P Future-- Close of business on the Wednesday the week prior to the 3rd Friday of expiry month.
FT100 Future-- Close of business on the day prior to the 3rd Friday of forex trading strategies fibonacci expiry month.
DJ30 Future-- Close of business on the Wednesday the week prior to the 3rd Friday of expiry month.
SPI200 Future-- Close of business one day before the 3rd Thursday of expiry month.
OIL ROLLOVER EXPLAINED.
AxiTrader's oil contract (WTI) is based upon the ICE futures rate (Front-Spot Month). This futures price is the largest price standard for the international oil market.
Due to the fact that they are related to a conclusive date, futures agreements expire. There are many months traded and the forward rates can be higher or lower depending upon market conditions.
In order to get rid of final day volatility, at AxiTrader we switch from utilizing the front month contract into the second month's contract one trading day prior to the exchange expiry.
An example of this is when the WTI (West Texas Intermediate) contract for September expires. The October price has to be used and the price on the AxiTrader MT4 platform may decrease or increase, depending upon the value of the October contract relative to the September contract. This is undoubtedly not a rate increase or fall in oil but simply a relocate to a brand-new referral cost and for that reason no profit or loss will be sustained as an outcome.
In order to guarantee this does not affect our clients, a cash adjustment has to be made. This is explained in the copying:.
Example 1: Long position of 1000 barrels.
September Contract closes @ $110.00.
October Contract opens @ $111.38.
Cash adjustment of-- $1,380 is made on account.
Profit of $1,380 is made on employment opportunity.
Net financial result is no.
Example 2: Short position of 2000 barrels.
September Contract closes @ $110.00.
October Contract opens @ $111.38.
Cash adjustment of +$ 2,760 is made on account.
Loss of $2,760 is incurred on open position.
Net monetary impact is no.
The price of silver is its rate per ounce in USD. The June price requires to be used and the rate on the AxiTrader MT4 platform may increase or decrease depending on the value of the June contract relative to the March contract. If your position is a Buy, it closes on the old Bid rate of 5050 and reopens mt4 terminal download on the brand-new Ask cost of 5001. If your position is a Sell, it closes on the old Ask price of 5051 and reopens on the new Bid rate of 5000. The October price requires to be utilized and the rate on the AxiTrader MT4 platform may increase or decrease, depending on the value of the October contract relative to the September contract.
AxiTrader is a registered business name of AxiCorp Financial Services Pty Ltd (AxiCorp). AxiCorp (ACN 127 606 348) is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL number 318232. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiCorp is not a financial adviser and all services are provided on an execution only basis. AxiCorp is authorised to provide general advice only and information is of a general nature only and does not take into account your financial objectives, personal circumstances. AxiCorp recommends that you seek independent personal financial advice. A Product Disclosure Statement (PDS) for our financial products and our Financial Services Guide (FSG) are available at www.axitrader.com or can be obtained free of charge by calling AxiCorp on 1300 888 936 (+61 2 9965 5830). The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of AxiCorp’s financial products or services. The information on this website is for Australian residents only.