user, Author at OneRoyal Academy

Why was my swap charged higher than the daily rate shown on the website?

A Swap is a fee for keeping a position overnight. It represents the difference in credit interest rates for currencies used in trades, therefore Swap rates may vary from time to time depending on the rate. The triple Swap, or 3-day Swap occurs on Wednesdays, because most instruments need two business days (T+2) to be settled (for all the financial transactions to be completed). If you roll the Wednesday position over to Thursday, the Swap rate will also account for rolling the position over the weekend – thus the triple rate. You can check out how Swaps are calculated, per instrument,

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How do I calculate pip profit & loss?

Every pip movement – whether up or down – will result in a profit or loss (P&L) – depending on the direction of your trade. P&L per pip is calculated based on the counter currency since you’re always trading your base currency against it. If you’re buying EUR against the USD, any profit or loss from your trade will be based on the conversion rate of EUR to USD. So, the P&L for this trade is converted to USD terms in real-time. The P&L of a pip is always based on the size/volume of the trade and size of the pip. Let’s take an example: Pip profit/loss = Trading volume x pip size So when calculating for the EURUSD: 1 pip = 100,000 x 0.0001 = USD 10 This means that if you’re trading with a volume of EUR 100,000, each pip up or down in the price will result in a USD 10 profit or loss. Check out our Forex Trading Calculators for

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How is margin level calculated?

The Margin Level is calculated as follows: Margin Level = (Equity / Margin) x 100% When an account reaches or drops below a certain level, it gets stopped

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How does Stop Loss work?

A Stop Loss is a Market Order that helps limit an investor’s losses. When you attach a Stop Loss to one of your trades, you basically give instructions to close the trade once it reaches a certain price. Example: You buy a Stock at the price of $100. By attaching a Stop Loss at the price of $80, you basically instruct the system to close your order once the price reaches that price. Attaching a Stop Loss to your trades is the most efficient risk management tool to cut losses when you don’t have the ability to constantly monitoring your

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How do I trade currencies?

Trading currencies is simply the buying of one currency and selling of another. OneRoyal offers what is called Margin FX products – which means we offer trade on the price movements of the forex market, where your profit or loss is a cash adjustment on your platform – not physically delivered. When you see a certain currency as ‘cheap’, you can buy that currency in relation to another; you’re anticipating it will increase in value, after which you can sell it again. This also works – but the other way – if you consider the currency to be ‘expensive’. Currencies are traded in pairs. The first currency in the pair is called the Base currency; it’s the one you’re either buying or selling. The second currency of the pair is the Counter currency that you’re trading the base currency against. For example, when you buy the EURUSD, it means that you’re buying EUR and selling USD. So, if the EURUSD is currently trading at 1.1078, this means that every euro is equal to USD 1.1078. If you’re anticipating an increase in the value of the EUR – in relation to the USD – you can execute a Buy order at 1.1078, and buy EUR by selling USD. Let’s assume the price of the EURUSD increases to 1.1098; it means that every euro is now equal to USD 1.1098 and you’ve made a profit. However, if, for example, the price of the EURUSD decreases to 1.1067, this would mean that every euro would now be equal to 1.1067 USD; hence, losing money. The most traded currency pairs are USD, EUR, GBP, CAD, CHF, JPY, AUD, and

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Dividends on CFDs

When you trade on stocks or indices with us and there is a dividend payable on the underlying asset, one of the 2 scenarios below may happen: Any long positions held on the applicable stock and/or spot index at the ex-div* date will receive a dividend (minus the withholding tax**) in the form of a cash adjustment (deposit, paid into your Trading Account). Any short positions held on the applicable stock and/or spot index at the ex-div date will be charged the dividend amount in the form of a cash adjustment (withdrawal, deducted from your Trading Account). *ex-div date describes a stock that is trading without the value of the next dividend payment. The ex-dividend date or “ex-date” is the day the stock starts trading without the value of its next dividend payment. Typically, the ex-dividend date for a stock is one business day before the record date, meaning that an investor who buys the stock on its ex-dividend date or later will not be eligible to receive the declared dividend. Rather, the dividend payment is made to whoever owned the stock the day before the ex-dividend date. **Withholding tax is a levy deducted from dividends in most underlying markets. The deduction varies depending on the underlying market, but it’s often reduced to

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Is the FX market always open?

The FX market is open 24 hours a day, 5 days a week starting at 22:00 GMT on Sunday, until 22:00 GMT on

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Can I copy trade with OneRoyal?

Yes. You can trade with HokoCloud, with your OneRoyal trading account, under our FSA registration in Saint Vincent and the Grenadines. Some of our clients find copy trading to be a good way to start and educate themselves. If you are interested, we will provide you with the support all the way through. Copy trading is not available for clients of Royal Financial Trading (CY)

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What tools can I use to help me make better trading decisions?

At OneRoyal, we offer all traders access to our Tools section. This section features top-notch news and analysis tools that will keep you up to date with daily market movements and expectations. We also send all of our clients daily market reports with detailed instrument analysis and projections, as well as SMS notifications on the latest breaking news

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What are trading indicators?

Indicators are visual software tools that allow you to get information or data about the movement of the markets, so that you can make educated trading decisions. There are hundreds of trading indicators used worldwide for various purposes by most traders, especially technical analysts. Indicators take advantage of current and historical data to try and predict future

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