|Rank||Standard||Premium||Pro||Raw Spread Account|
|Minimum Deposit||$500 USD||$25,000 USD||$50,000 USD||$100,000 USD|
|Commission Charged||NO||NO||NO||Yes($7.00 USD/lot)|
|Dedicated Account Manager||Yes||Yes||Yes||Yes|
So, how can one make money trading in the foreign exchange market?
In the forex market, you are buying or selling a currency. Placing a trade in the forex market is simple. The mechanics of a trade are very similar to those found in other markets such as the stock market or commodities market. You are anticipating that the price will change so that the value of the currency you bought will increase in value compared to the one you sold.
In forex, as you are essentially selling one currency to buy another currency simultaneously, they are always quoted as pairs. Therefore, currency exchange rates that you see when you go to the banks to exchange your currency before you travel, you’ll see the price of a nation’s currency in terms of another currency.
When starting out, you must learn to be familiar with what is happening around the world. The more knowledgeable you are, the better you will be able to manage your portfolio. Below are the most traded currency pairs in the forex market, known as major pairs. As they are the most heavily traded currencies in the market, they tend to have influence and determine the movement of other smaller pairs that are less frequently traded (eg, USD/SGD)
|Rank||Currency pair||% of daily volumn traded|
Commodities are basic goods that are often used in the production of other goods or services. Common examples of commodities include Gold, Silver, Natural Gas and oil. As there are numerous different suppliers in the market essentially producing the same product, an exchange such as Chicago Board of Trade acts as an intermediary to ensure that specified minimum standards of quality are met and contract sizes are standardized to simplify the trading process. Thus, the sales and purchase of commodities are mostly carried out through futures contracts on exchanges with standardized quantity and quality, making it a whole lot easier to track the price movement of a particular commodity.
TradeMax Group offers wide array of commodity CFDs that can be traded through our MT4 platform, allowing you access to these markets at your convenience no matter where you are in the world.
The energy sector comprises of any material that supplies or produces energy like oil and natural gas that are a necessity in our modern society.
TradeMax offers both the spot market and the futures market
|Instrument Code||Underlying Market||Trading Hours (Monday-Friday, Server time)||Contract size per standard lot||Maximum Leverage|
|XTIUSD||West Texas Intermediate Crude Oil (Spot) WTI||Monday-Thursday: 01:15-23:45 Friday: 01:15-23:30||100 Barrels||1:100||Spot|
|XBRUSD||Brent Crude Oil (Spot)||Monday-Thursday: 01:15-21:45 Friday: 01:15-21:30||100 Barrels||1:100||Spot|
|CRCUSD||Light Sweet Crude Oil (Futures) WTI||01:15-21:45||100 Barrels||1:100||Futures|
|BCOUSD||Brent Crude Oil (Futures)||03:15-23:45||100 Barrels||1:100||Futures|
As it is difficult to track every individual security that trades around the global exchange, indices were designed to be broad measures of performance of an asset class or an exchange. There are many types of Indices such as Dow Jones Industrial Average (DJIA), S&P 500, FTSE 100 Index, with each index having variations on how they measure the changes.
Since index gives a general overview of a particular market, it can be helpful for traders or investors to gauge the performance of their individual portfolios, so that underperforming assets can be identified and adjusted to be in line with the general trend of the market. For example, if an index has been going up by approximately 5% in the last 12 months but your stock that is included in the index only went up by 2%, you would know that it has not been performing as well as some of the other companies in the market. [find chart that can show how different indices have performed over the last few years]
Stock indices provide an easy way to track the overall health of the economy. By looking at one statistical measurement, it is easy to gauge the current state of the economy. Further, the historical data of index movements and prices can provide some guidance to investors as to how the markets have reacted to certain situations in the past. This can allow for investors to make better decisions.
Key advantages of trading CFD Indices with TradeMax Groups
Trade with Flexibility With TradeMax CFDs, you will have access to multiple indices from various regions that you can easily monitor and follow. As opposed to trading in the stock market where you can only buy individual stocks, TradeMax gives you the flexibility of trading the overall trend/sentiment of a particular market whether it is a bull market or a bear market.
Lower Transaction Costs
When you wish to invest or trade in indices, you are normally required to trade through exchange traded index funds which can be quite expensive. With TradeMax CFDs, there will be no exchange or commission fees and you will be able to trade with only the spread being the cost.
|Instrument Code||Name||Currency||Trading Hours(Monday-Friday,Sever time)||Contract size|
|AUS200||Australia 200 Index||AUD||01:00-7:30, 8:10-23:00||1|
|US30||US 30 Index||USD||01:00-22:15, 22:30-24:00||1|
|EUSTX50||Euro Stoxx 50 Index||EUR||09:00-23:00||1|
|FRA40||France 40 Index||EUR||09:00-23:00||1|
|GER30||German 30 Index||EUR||09:00-23:00||1|
|HK50||Hong Kong Index||HKD||03:15-06:00, 07:00-10:15||1|
|US500||US 500 Index||USD||01:00-22:15, 22:30-24:00||1|
|UK100||UK 100 Index||GBP||08:00-23:00||1|
|NAS100||US Tech 100 Index||USD||01:00-22:15, 22:30-24:00||1|
|CHCUSD||China A-Shares||USD||03:00-10:30, 11:00-22:45||1|
|HSCHKD||China H-Shares||HKD||03:15-6:00, 07:00-10:30,11:15-17:15||1|
|SGCSGD||MSCI Singapore||SGD||02:30-11:10, 11:40-22:45||1|
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TradeMax Group Pty Limited (ABN 76 162 331 311) is a financial services company and regulated by Australia Securities & Investments Commission (AFSL No. 436416).
The information provided on this website is general in nature only and does not constitute personal financial advice. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.
Investing on CFDs and Margined FX Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You don’t own, or have, any interest in the underlining assets. We recommend that you seek independent advice and ensure fully understand the risks involved before trading. It is important that you read and consider Financial Services Guide (FSG), Product Disclosure Statement (PDS), Risk Disclosure and other relevant disclosure documents before you acquire any product listed on the website.
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