Any additional fees ?
There are no additional fees being imposed.
Where do you get your prices form ?
Clients have the ability to execute trades directly from real-time streaming quotes provided by the largest liquidity providers in the forex market. Quotes are updated in real time.
Is WeOne Regulated?
WeOne is registered under VFSC with registration number 40864 and incorporated in Saint Vincent and the Grenadines.
When is the market open ?
A true 24-hour market, forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial centre, first to Tokyo, then London and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur, i.e. day or night. The market is open 24/5.
What does it meant to have Long or Short Term position ?
If you are buying currency, you are opening a 'long' position. If you are selling currency, you are opening a 'short' position. For example, if you buy 1 lot of EUR/USD, it means you open a long position for 100,000 units of EUR against USD. And if you sell 10 lots of USD/CAD, it means you open a short position for 1 million units of USD versus CAD.
How do I control my risk ?
The most common risk management tools in forex trading you can employ are limit orders and stop-loss orders.
A limit order places restrictions on the maximum price to be paid or the minimum price to be received. A stop-loss order sets a particular position to be automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor's position.
What trading strategy I should use ?
Currency traders make decisions using both technical factors and economic fundamentals.
Technical traders use charts, trend lines, support and resistance levels, and numerous patterns and mathematical analyses to identify trading opportunities, whereas fundamentalists predict price movements by interpreting a wide variety of economic information, including news, government-issued indicators and reports, and even rumors. The most dramatic price movements, however, occur when unexpected events happen. Such events can range from a central bank raising domestic interest rates, to the outcome of a political election or even an act of war. Nonetheless, more often than not, it is the expectation of an event that drives the market rather than the event itself.