Xtrend: Common Trading Issues
  Source:Xtrend 2023-04-23 14:08:31
Description:

How to view currency pairs?


Currencies are referenced in pairs, and each currency is represented by a three letter code. The first currency in a currency pair is called the reference currency, and the second currency in a currency pair is called the quotation currency. The number provided in the exchange rate refers to the amount of quoted currency required to purchase the base currency unit.


What are the trading options for XTrend?


Foreign exchange currency versus contracts for differences and precious metals


What is a floating spread?


The floating spread varies due to full day fluctuations and available liquidity.


What is a contract for difference?


A contract for difference or a contract for difference is an agreement that allows you to speculate on the value of a financial instrument without directly purchasing and obtaining that value. In a price difference contract, if the value of the relevant bill at the end of the agreement is higher than the value at the time of purchase, the seller must pay the difference to the buyer. If the price is lower, the buyer must pay the difference to the seller.