Type of Copy: Autoscale Equity
Copy in proportion to the Provider's and Subscriber's account equity.
HEDGE
A forex hedge is a transaction used to guard against an unintended change in exchange rates for an existing or projected position. A wide variety of market participants, including traders, investors, and companies, use forex hedges. An individual who is long a foreign currency pair or anticipates doing so in the future through a transaction might be shielded from downside risk by appropriately utilizing a forex hedge. An investor or trader who is short a foreign currency pair can also use a forex hedge to guard against upside risk.
LEVERAGE
A virtual credit given to a client by the broker is called leverage. Your necessary margin will decrease as leverage increases; for example, if your leverage ratio is 1:500, your initial margin will be 500 times smaller than the contract amount. For instance, you would like to open a sell order for 0.5 lots at the current EUR/USD bid of 1.13501. The margin needed for such an order can be computed as follows if your leverage is 1:500: The contract size of 50 5b0156 EUR * the current bid of 1.13501 * your leverage of 500 equals 113.50 USD. The necessary margin, with leverage of 1:200, is 283.75 USD.
Max Loss
The Subscriber's account currency contains this value. This is the subscription's maximum overall loss (closed transactions PnLs only are taken into account). The subscription will automatically end when it is reached.
Minimum Join Balance
Minimum balance to start copying (optional).
Min/Max lot
Source trade volume limits for copying trades.
Multiplicator
This number will be multiplied by the copied trade. Any positive value (not equal to 0) multiplied by the Provider's trading volume will serve as the multiplier. "equal to 1" will be displayed if the Multiplicator field is left unfilled.
Nickname
An optional nickname for the Provider's account. If set, the Subscriber's web-cabinet and statistics will display it as the account name.
Performance Fee
A portion of the provider's profit on successful trades after they are closed.
PIPS
Is a common way to measure a trading instrument's price movement. It was the smallest unit of price change at first, when only 4-digit pricing was accessible. The 4th number (0.5b01561) is still used to calculate 1 pip even with the introduction of more precise 5-digit pricing. We now call the smallest unit point (0.5b015601). One pip in five-digit pricing is equivalent to ten points. An illustration of this would be if the EUR/USD currency pair's price moved from 1.11634 to 1.11645, which indicates an 11-point or 1.1-pip change. A change in the USD/JPY currency pair's 3-digit pricing from 123.857 to 123.864 indicates a 0.7 pips or 7 point increase in price.
Provider
The Strategy Account's owner. For a percentage of the gains, a trader is willing to share his or her approach with other investors.
Public
If account is checked “public”, anyone will be able to subscribe to it.
Subscribe
Click “Subscribe” to create a new Subscription.
Subscriber
An investor who wants to follow trades of other strategy managers or successful traders.
SWAP Charges
The net interest return that a trader accrues on a currency transaction maintained overnight is known as the swap charges in forex or rollover interest rates. As part of forex trading, this cost is assessed when a trader borrows one currency to purchase another. For example, if you are purchasing EUR/USD, you may borrow US dollars and use the money to purchase Euros. As a result, you will have to pay interest on the US dollars you borrowed and gain interest on the euros you purchased. The difference between the interest rates of the two exchanged currencies is used to compute the net interest fee.
TRADING MARGIN
In the forex market, opening and maintaining positions in one or more currencies through a good faith deposit with a broker is known as margin trading. Margin is a portion of the customer's account balance that is set aside for order trading; it is neither a cost nor a fee. Depending on the brokerage firm, different amounts of margin may be needed, and the practice carries a number of repercussions.
