Is a Stop Loss Required?
Using a stop loss is not required while trading during the evaluation phase or the master account. The main focus is meeting profit targets while adhering to the rules.
A stop loss acts as a safety net by automatically closing a trade if losses reach a certain point. Although using a stop loss is optional, it is highly recommended for responsible trading and supports better risk management.
How Can Slippage Occur?
Slippage is the difference between the expected price of a trade and the actual execution price. It typically occurs during periods of high volatility, such as major news events that impact a currency. During these times, market conditions can shift rapidly, leading to price changes that are beyond our control.
What is Market Rollover?
A rollover refers to the process of carrying a position from one trading day to the next. This involves closing the position at the end of the trading day and reopening it at the new day’s opening rate. The rollover process happens automatically, and you might see price spikes and widened spreads for certain currency pairs.
In the forex market, which operates 24 hours a day, five days a week, rollover takes place at the end of the New York trading session (5 pm ET). On Wednesdays, rollover rates are tripled to account for the two days when the market is not in operation. and for indices it tripled on Friday.
Swap Rates / Overnight Fees
On Match Trader, to obtain information on contract size and swap rates, select the desired currency pair and click on "info". Select "details" to access the relevant information pertaining to the contract size and swap rates.
