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Product Details
Floating Spread
--Leverage
--Contract Size
--Minimum Volume per Trade
--Overnight Funding - Buy
--Overnight Funding - Sell
--Initial Margin
--Maintenance Margin
--Contract Expiry Date
--Current Trading Session
--Recent Activity
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What Affects the Price of Currency Pairs?
Forex is the largest financial market in the world - where currency pairs of countries are traded.
Factors that affect the price of currency pairs include:
Monetary policy of central banks, including money supply, interest rates, has the greatest impact on foreign exchange rates.
Macro-economic conditions of countries shown in reports of GDP, CPI, PMI, employment, unemployment, balance of payments, inflation...
- Ratio of foreign exchange reserves of countries.
- Investment demand (supply and demand factor) of currencies on the foreign exchange market.
USDCAD News
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In addition to the EURUSD, the forex market also has 6 major currency pairs, all of which have the US dollar.
The major currency pairs with the US dollar as the base currency include:
• US Dollar/Japanese Yen (USD/JPY)
• US Dollar/Swiss Franc (USD/CHF)
• US Dollar/Canadian Dollar (USD/CAD)
The main currency pairs with the U.S. dollar as the quote currency include:
• British Pound/U.S. Dollar (GBP/USD)
• New Zealand Dollar/U.S. Dollar (NZD/USD)
• Australian Dollar/U.S. Dollar (AUD/USD)
These currency pairs are closely related to the EUR/USD. You need to pay attention to this correlation in order to gain profits or reduce risks when trading.
MiTrade’s platform offers easy to use risk management tools and no commission, so that you can trade currency pairs with ease. Choose leverage that suits your goals and earn high rewards.
Enter a trusted broker to earn exponentially higher rewards, but be aware of the risks that come with this type of leveraged trade.
Forex leverage is the amount of trading funds your broker is willing to credit your investment based on a ratio of your capital to the size of the credit. Your invested capital is usually only a fraction of the forex leverage credit size. In essence, leverage is borrowed capital you obtain from your broker to increase your potential returns.
The amount of leverage you can access differs from broker to broker. It also depends on the conditions for trading provided by your broker. You will be required to maintain a minimum balance in your account (usually a fraction of the leverage you will obtain) from which your leverage will be calculated based on the agreed-upon ratio. You use margin to create leverage. FX brokers call this trading on margin.
When trading with margin, the broker will set aside only a fraction of your position’s value, and they will fund the rest. Hence, you are said to be leveraged. The fraction of the position’s cost that was set aside is the margin requirement. It is expressed in percentage; say you are required to put up 2% of a $10,000 trading position you open. This means that you are trading at $10,000, but you only need to provide $200.
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Risk Warning: Trading may result in the loss of your entire capital. Trading OTC derivatives may not be suitable for everyone. Please consider our legal disclosure documents before using our services and ensure that you understand the risks involved. You do not own or have any interest in the underlying assets.
Mitrade does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products. All of our products are over-the-counter derivatives over global underlying assets. Mitrade provides execution only service, acting as principal at all times.
Mitrade is a brand jointly used by multiple companies and it operates through the following companies:
Mitrade International Ltd is the issuer of the financial products that are described or available on this website. Mitrade International Ltd is authorised and regulated by Mauritius Financial Services Commission (FSC) and the licence number is GB20025791. The registered office address is 6 St Denis Street, 1st Floor River Court, Port Louis 11328, Mauritius.
Mitrade Global Pty Ltd with ABN 90 149 011 361 holds an Australian Financial Services Licence (AFSL 398528).
Mitrade Holding is authorised and regulated by Cayman Islands Monetary Authority (CIMA) and the SIB licence number is 1612446.
The information on this site is not intended for residents of the United States, Canada, Japan, New Zealand or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Please note that English is the main language used in our services and is also the legally effective language in all of our terms and agreements. Versions in other langauges are only for reference. In the event of any discrepancy between the English version and the other versions, the English version shall prevail.
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The product and services on this website are not available for Hong Kong residents. Information should not be regarded as advice, recommendations or opinion in relation to acquiring, holding or disposing of Mitrade’s products.
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