What are your margin requirements?
At Ava we give our clients a leverage possibility of 200:1. This means that a client is able to open up a position of up to 200 times as large as his deposit. For example if a client deposits $1,000 then he will be able to trade up to $200,000. The minimum 0.5% margin must be maintained at all times. A 0.5% margin is calculated on the first 100,000 in any currency pair. Between 100,000 and 2.5M a 1% margin is needed, for positions larger then 2.5M a 2% margin is required.
The high degree of leverage that is obtainable in the trading of off-exchange foreign currency transactions can work against you as well as for you. Leverage can lead to large losses as well as gains
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Do you offer margin protection?
Yes, the AvaTrader platform adheres to the minimum margin requirement against the open positions, so that the client will not find himself in a debit balance. The AvaTrader platform will TRIGGER A MARGIN CALL NOTIFICATION when the margin requirement level falls to 50% of your required margin. If the margin requirement falls to 10% of the required margin then the AvaTrader platform will close out fully all the open positions. The high degree of leverage that is obtainable in the trading of off-exchange foreign currency transactions can work against you as well as for you. Leverage can lead to large losses as well as gains.
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Do you guarantee stop losses?
Stops are guaranteed in normal market conditions. At a time of a fast markets or gaps there maybe slippage. stops become markets orders when executed so the order may not be filled at desired price .As a result the initial risk can be estimated but not guranteed. During times of extreme volatility it can be difficult or impossible to execute orders.
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Can I be long and short in the same currency simultaneously?
Yes, for those clients that like to use hedging trades, this option is available.
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Do you roll my overnight trades automatically?
Yes, all open positions are rolled automatically at the end of every day (21GMT) to the next business day. To view overnight premiums click here or go to: Trading platform -> Instruments window -> Premium sell / buy. Amounts are per lot in USD or Euro.
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What is the minimum or maximum trade size?
The minimum trade size is 5,000 units of the major currency. There is no maximum trade size.
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What are the trading hours?
Forex:
Opening: Sunday 21:00GMT
Closing: Friday 21:00GMT
CFD:
CFDs follow the quotes of the underlying assets. Therefore, the trading hours depend on the exchange where the asset is been traded, its conditions, holidays and time zones.
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What is and how do you use the "Individual Dealing Rate Window"?
The Individual Dealing Rate Window displays the individual currency pairs in a separate window. Examples of this can be found in the "One-Click" worksheet in the default platform we have designed for you.
To open such a window right-click on the currency cross you wish to open either from the "Dealing Rates Window" or the "Dealing Rates Table Window" and select "Individual Dealing Rate Window". You can trade in this window in the same regular way as described in the Dealing Rates Table Window and the Dealing Rates Window.
A special feature of this window is One-Click trading, you can activate or de-activate the One-click option by selecting "Settings" from the main menu and then choosing "View and Edit", tick or un-tick the One-Click option.
Selecting One-Click allows you to pre-select the trade amount on the "Individual Dealing Rate Window"; a single-click on either the Sell or the Buy will execute a trade.
It should be noted that the default setting of the single-click option is "ON".
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What is and how do you use the "Instruments Window"?
The "Instruments Window" has the same features as the "Dealing Rates Window", except that it has a few extra information columns.
Right-click on the column in the Window to select which columns you wish to view, select columns, then customize for selection.
Access the Window by selecting "Window" from the main menu and then selecting "Dealing Rates Window".
Note: you may only have one of such window operational at once.
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What is and how do you use the "Accounts Window"?
The "Accounts Window" displays information about your account. You can view your Balance, Equity, Used Margin, Available Margin, Margin Calls and Net P&L in your account on an on-line basis.
By right-clicking in the window you are also able to access account reports, applicable interest rates for rollovers, Margin Call levels and Closed Positions.
Right-click on the column in the Window to select which columns you wish to view, select columns, then customize for selection.
Access the Window by selecting "Window" from the main menu and then selecting "Accounts".
Note: you may only have one of such window operational at once.
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What is and how do you use the "Trades Window" or "Open Position Window?
The "Trades Window" also known as the "Open Position Window" displays the status or your actual open trades including your ticket number, the close rate, any related orders attached to the trade and the related P&L for the trade.
Right-click on the column in the Window to select which columns you wish to view, select columns, then customize for selection.
Access the Window by selecting "Window" from the main menu and then selecting "Trades".
Note: you may only have one of such window operational at once.
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What is and how do you use the "Orders Window"?
The "Orders Window" displays the relevant information for your existing order positions. Information includes the rates on Stops, Limits, Trailing Stops and I/D's. You can also manage your orders from this window and either add, amend, delete or cancel the particular order. To do this left-click on the existing order type and adjust the rate. The trailing stop is selected via the stop entry cell.
Right-click on the column in the Window to select which columns you wish to view, select columns, then customize for selection.
Access the Window by selecting "Window" from the main menu and then selecting "Orders".
Note: you may only have one of such window operational at once.
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What is and how do you use the "Summary Window"?
The "Summary Window" displays your summarized open positions by Instrument.
Right-click on the column in the Window to select which columns you wish to view, select columns, then customize for selection.
Access the Window by selecting "Window" from the main menu and then selecting "Summary".
Note: you may only have one of such window operational at once.
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What is and how do you use the "News Window"?
The "News Window" provides users with a quick overview of the recent news as well as the time when they were received. Each headline can be further expanded to show the detailed article.
Access the Window by selecting "Window" from the main menu and then selecting "News".
Note: you may only have one of such window operational at once.
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How can I choose the instruments I want to view?
On the "Dealing Rates", "Dealing Rates Table" and "Instruments" Windows you are able to select the instruments you want to view.
Right-clicking on the window and selecting Preferences and then Settings allows you to choose the currencies you wish to view, and the order you wish them to appear in.
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What is a trader range and how can I use it?
The trader range refers to the number of pips from the current market you are willing to accept due to the speed of the market changing – this also helps with slow connections.
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How can I close my trade?
You can close your trade by a single click on the rate that is colored in red in the "Open Positions Window", correlating to the trade you wish to close.
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How can I hedge my trade?
You can hedge your trade by entering a new trade in the opposite direction of your original trade.
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How can I change the information of a specific window?
Right-click on the column in the Window to select which columns you wish to view, select columns, then customize for selection.
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How can I build my own worksheet?
Select Windows from the top menu and then select Create Workspace, name the new workspace and a tab will appear underneath the main menu for your workspace.
Now you have an empty workspace where you can add windows or charts in a way to suit you.
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How can I save my workspace?
Select Settings on the main menu and then Save on Server to save your workstation.
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How can I create a chart?
Select Charts on the main menu and then New Chart. Now select the currency pair and the period of the chart. For an in depth look at Charts refer to Introduction to the Forex Market.
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How can I add technical indicators to my graph?
Right-click on the chart, select setup-indicators, scroll through the list, select the indicator you want and move it across to the selected indicators and press Ok.
