Most frequently asked questions
Common risk management tools on the forex market are limit orders (also known as Take Profit orders) and Stop Loss orders. The limit and stoploss orders are pre-set at a specified price. For example, you "long" XAU / USD at 1400, and you set the limit (take profit) at 1420 and set the stoploss at 1370. So when XAU / USD exchange rate moved to 1420 or 1370, the order will be automatically closed (in order to take profit or stop loss).
Most traders use a combination of both methods: technical analysis and fundamental analysis.For technical analysis, traders use charts, trend lines, support and resistance lines, and multiple tissues. Mathematics and analysis to identify the best business opportunities.
For fundamental analysis, traders predict price movements based on various economic information, including news, economic indicators, and even rumors. The strongest price movement occurred when unexpected events were announced. This event may be from a central bank deciding to raise interest rates in the local currency to influence an election or even to influence a war. However, it is not due to events that cause price fluctuations, but rather to the expectations of the participants.
Vins Global Fintech is registered and regulated by the U.S National Futures Association
The foreign exchange market does not have a trading center, it is unlike the stock market and other financial markets. The forex market is considered an OTC market (decentralized market) or an interbank market. The transaction is made based on the telephone system or the internet.
The market is open 24 hours a day from 5am on Monday (Vietnam time) to 5am on Saturday (Vietnam time) .The forex market starts trading every day in Sydney, and moves around the earth when one day started at other financial centers, first to Tokyo, then to London, and finally to New York. Unlike other financial markets, investors can judge that currency fluctuations are due to global economic, political and social factors.
Margin is the deposit amount when placing an order. For example the total amount in your account is $ 250. If you trade orders of 0.1 lot (10 000 $) you need to deposit about 50 $. The exchange temporarily holds this $ 50 amount (this amount will not bear the risk of loss). That means you only have $ 250 - $ 50 = $ 200 to risk losing. When you lose $ 200, the Exchange will automatically close your order and return you $ 50. In the stock market, the allowable margin up to 50% means that the investor has doubled their buy. In the forex market, margin levels range from 1% to 2%, giving traders the high leverage needed to trade effectively. However, trading with high leverage may increase your risk.
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