Experience Vonway’s unrivaled Forex trading environment with our incredibly tight spreads, averaging just 0.1 pips for EUR/USD, making us a top choice for active day traders and users of Expert Advisors. Refer to the table below for our minimum and average spreads on major currency pairs.
Forex trading differs from trading shares or futures as it involves buying or selling one currency against another without physical delivery.
One of the key advantages Forex has over other financial instruments due to its ability to accommodate small lot sizes, with the option to trade as little as 1000 units (one micro lot). Additionally, Forex trading commonly utilizes leverage, with some cases reaching as high as 1:500, as it’s vary to trading shares where no leverage is involved.
The gross profit on your trade is calculated as follows:
€200,000 x 1.33623 = USD $267,246
€200,000 x 1.32129 = USD $264,258
Gross Profit on Trade = $2988
Opening the Position
The price of the Euro against the US Dollar (EUR/USD) is 1.33623/1.33624 and you decide to sell 2 standard lots (the equivalent of €200,000) at 1.33623.
Closing the Position
One week later the Euro has fallen against the US Dollar to 1.32128/1.32129 and you decide to take your profit by buying back 2 standard lots at 1.32129.
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