We strive to process all withdrawal requests made before our cut-off time of 1 PM IST on the same day. Any requests received after 1 PM IST will be processed the next business day.
ICFXL does not impose any internal deposit fees for transactions made via Visa/Mastercard, Skrill, Neteller, or bank transfer. While there are no internal fees for withdrawals, please note that withdrawals to non-Australian banking institutions may incur fees from intermediary banks involved in the transaction, as well as a receiving fee from your bank. Be sure to consider these potential fees when withdrawing smaller amounts.
You can change your details through your Client Portal.
Alternatively, feel free to email us at support@icareforex.com or reach out via chat, and we will assist you in updating your account information.
If you're updating your address, please provide a recent bank statement or utility bill that shows your new address and was issued within the last three months.
You can change your password through the ICFXL Client Portal.
Alternatively, you can update your password directly from your MetaTrader 4/5 trading platform by navigating to Tools > Options and selecting the Server tab. Click on the Change button to modify either your master or investor passwords.
Please remember not to share your password with anyone.
Icare Forex Limited,
Reg. No.: 15807
Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros.
The time it takes for your funds to clear depends largely on the recipient’s bank; local transfers may take 1-2 business days, while international transfers could take 3-5 business days.
If you maintain a position overnight on a Wednesday, the swap is multiplied by three. This accounts for settling your open positions over the upcoming weekend, as it takes two days for forex transactions to settle in the underlying market.
Take profit and stop-loss orders are treated as pending orders. Due to price fluctuations or unexpected market events, it might not always be feasible to execute these orders at your desired levels. Once activated, pending orders convert into market orders and are subject to available market liquidity at that time.
Yes, you can utilise EAs (expert advisors) from third-party providers. Please note that ICFXL does not have affiliations with these providers and cannot offer additional support for automated strategies. We recommend contacting the source directly if you encounter any issues related to settings or methodology.
By default, only the BID price is displayed on the chart. To add an ASK line and visualise the current spread, follow these steps:
Press F8 on your keyboard, select the "Common" tab, and ensure the "Show Ask Line" box is checked.
Go to the "Colours" tab and set the ASK line colour to a bright option like Aqua.
You should then see both BID and ASK prices reflected on your chart.
In CFD trading, margin refers to the funds needed to open and maintain a leveraged position.
To determine your FX margin requirement, use the following formula: (Market quote volume) / leverage = margin requirement For example: If the current EURUSD price is 1.13729 and you wish to trade one standard lot (100,000) with a leverage of 1:100, the calculation would be (1.13729 100,000) / 100 = $1137.30 USD.
Note: If your account's base currency isn't USD, you can convert this amount into the corresponding currency (AUD, GBP, NZD, etc.).
Margin acts as collateral for opening trades. If the market moves unfavourably against a client’s position and their overall account equity decreases, they may lack sufficient funds to maintain that position.
If your equity (balance—running profit/loss) drops below 50% of the required margin for an open position, the system will automatically start closing the largest losing position in an effort to boost your equity.
Your account leverage is a multiplier that determines the size of trades you can open on forex and XAUUSD symbols. Higher leverage means lower margin requirements for your trades.
For instance, with a leverage of 30:1, you can control a position worth $300,000 on EURUSD with just $10,000 in margin.
Before changing leverage, consider what rate is suitable for you. It’s essential to understand how leverage works and its implications for your trading strategy. Some less commonly traded currencies might carry higher margin requirements regardless of your account leverage.
To change your leverage, log into our Client Portal and select Change of Leverage for your chosen account.
The rate varies based on your country of residence. If you're in a country with a tax treaty with the US, a 15% withholding rate applies. For countries without such treaties, the withholding rate may be as high as 30%.
Demo accounts are valid for 30 days and will be inaccessible once they expire. If you wish to extend your trial before transitioning to a live account with us, feel free to register for another demo account.
Daily statements are sent only if there has been trading activity on the previous day or if you have open positions. Check your spam folder as well; sometimes emails may be misclassified by your email provider. Consider adding our email address to your whitelist to ensure delivery.
On your trading platform, navigate to the account history tab, right-click on the display area or any closed trades, select the desired period, and once the records appear, right-click again and choose 'Save as Report'.
Updates occur automatically whenever Metaquotes releases a new version. Simply allow the program to make changes when it starts up. You may also run it as an administrator for sufficient access rights to perform updates.
We're a global company, with offices in over 8 countries and partners in 21 more! This means you can find help in your own language, no matter where you are.
Currencies, gold and silver, stocks, crypto, and oil.
Use the world-famous MetaTrader %, or trade directly from your browser with Web-Terminal.
Classic, ECN, ECN Premium, or Islamic accounts. Choose the one that's right for you.
Want to earn from the best? Our copy trading platform lets you copy trades from experienced traders, giving you a boost in your journey.
Make money without even trading! Join our affiliate programs and earn for every client you refer.
We're here for you 24/7, five days a week. Need help? Just chat with our experts online!
We take your safety seriously. We use strong encryption to protect your personal information and your money.
We make it easy to add money to your account and take it out. It's all automated, so you don't have to wait.
It's super easy to start trading with us. Just sign up, make a small deposit, and you're ready to go!
Trade without paying swap fees, so you can practice your faith without any restrictions.
We run special offers all the time, with awesome prizes like cars, motorcycles, and gadgets.
Our experts give you the latest market insights to help you make smart trading decisions.
Get accurate signals to guide your trading, though remember to use them wisely.
We're always there to guide you. Every client has a dedicated manager to answer your questions.
ICFXL Affiliates is like a team where you get to partner with ICFXL Markets, a truly trustworthy forex broker. You can be an affiliate or an introducing broker, which means you get to help us find new traders and get rewarded for it!
Yes! It's totally free and easy to sign up. You get to make money by introducing people to our platform and helping us grow our trading community.
You don't have to have a website, but it can help! We give you lots of marketing materials to share on your website, social media, or even in person.
Just send an email to partnerships@icareforex.com if you need to change anything. This is important for getting paid!
That's up to you! You can use the marketing materials we provide or come up with your own creative ways to share the word.
We have a few simple rules. Don't make promises of crazy profits, don't pretend to be ICFXL Markets, and don't give trading advice unless you're licensed. If you're not sure about something, just ask!
We want everyone to be fair and honest. If you don't follow the rules, we might have to stop your membership and take away your commissions.
Nope! That's a big no-no. We check for this kind of thing, and if you break the rules, you'll be kicked out of the program.
An affiliate helps us find new traders by sharing our platform with their friends, family, or online network. They get paid when someone they referred starts trading with us.
Just go to the ICFXL Affiliates website, click on "CPA Affiliate," fill out the form, and you're good to go!
The amount you make depends on where you are in the world and how many new traders you bring in. You can check out the different rates on the website.
Yes! You get your own special link to track everyone you refer. You can see how they're doing and how much money you're making!
We pay you every month. You can usually withdraw your money on the same day you get paid.
An introducing broker is like a special type of affiliate. They help us find new traders and get paid a percentage of the fees they make.
Go to the ICFXL Affiliates website, click on "Become an Introducing Broker," and follow the steps.
An IB is like a friend who helps you find a good place to buy and sell stuff, but they get paid a little bit for each deal you make. They're called "Introducing Brokers" because they introduce you to the people who actually do the buying and selling.
Apply: You can sign up to be an IB through our website.
Get paid: We'll pay you up to $12/lot for each deal you bring us! The more people you refer, the more you earn.
Money: They need to have at least $100 in their account.
Deals: They need to have done at least five trades in the last month.
Every day!
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Ask questions: You can email us at ib@icareforex.com
Get help: We'll give you some materials to help you tell people about us.
Spread the word: Talk about us online, on social media, or even make your own website.
Here are some tips:
Learn the ropes: Be a pro at trading so you can answer people's questions.
Know your customers: Figure out what each person needs so you can find the best place for them to trade.
Choose the right partner: Find a company you trust and that's good at what they do.
Be seen online: Have a good website or social media pages so people can find you.
Be a teacher: Help people learn how to trade.
Manage money: Help people invest their money wisely.
Offer advice: Share your expert knowledge with others.
You can make a good living by helping people trade. Just be smart, helpful, and build a strong network. We have all the resources for you. Since we are a pure STP broker, the more trades, and profits your clients makes, we all, clients, IBs and Us wins.
Imagine you're learning to ride a bike, but you're a little scared. ICFXL Copy Trading is like having a skilled biker riding beside you, showing you the way. You can choose to follow their lead and learn from them.
Followers: You're the person learning to ride the bike. You follow a skilled trader, copying their moves.
Traders: They're the skilled bikers. They make trades, and you can choose to copy them.
Real-time copying: When a trader makes a trade, it's automatically copied to your account.
Customisation: You can pick which trades you want to copy and how much you want to invest in each one.
Commissions: The skilled trader gets paid a small fee for each trade you copy.
Control: You can choose to cancel a trade if you think it might not be good.
Subscription: You can choose to follow a trader, and they can decide if they want you to follow them.
Commission changes: If a trader changes their fee, you'll have to pay the new fee.
Follower balance: You need enough money in your account to cover both the trade itself and any commissions.
Unsubscribe: You can stop following a trader at any time.
Trader un-subscription: A trader can also stop you from following them.
You don't need money to open an account, but you'll need at least $100 (or the same amount in your currency) to start getting investors.
You'll only know how much you'll earn after it's been added to your account.
You get your earnings (we call it "commission") on Saturdays at 1:00 AM server time if the investor's investment period is over. You also get it right away if the investor cancels their investment.
Yep! You can withdraw your earnings and your own money at any time.
As many as you want! There's no limit.
Absolutely! You can change your investment terms once a day. The changes happen on Mondays at 12:00 AM server time. If you want to change how much you charge, you can't have any trades open.
Yes, you can use special programs (expert advisors and trading robots) to help you trade.
Nope, the investor is responsible for their own money.
You need to have at least half of the money required to start getting investors for your account to show up in the rating system. You can add more money to your account on the "Deposit Account" page. Your account will also disappear from the rating if you lose 90% or more of your money for 10 days in a row. Finally, if you choose to have your account available only by invitation, it won't show up in the rating unless you choose to make it public.
Yep! If you're signed up with a Trader, everything happens automatically, even if you don't have the trading app installed.
You get to choose the trader, so you're responsible if they don't do well.
Each trader sets their own minimum amount. It usually starts at $100.
Nope! The trader only gets paid for trades they copy to your account.
You sure can! You can follow up to 10 traders at a time. Just make sure you have enough money to cover the minimum deposits for each trader.
You can easily cancel your subscription in your investor's area. The system will figure out any commissions owed to the trader for trades that are closed. You can find more info about cancelling on the "Portal" page.
Of course! You can open as many accounts as you like.
There might be a few reasons:
Make sure you're using the right kind of account. Most accounts work, but some, like "ICFXL" and affiliate accounts, don't.
Check that you have enough money in your account to cover the minimum deposit set by the trader.
The trader might need to approve your request if you chose the "By request" option. If you don't get a rejection email, they're still looking at it.
Not necessarily. They can be different. Just keep that in mind, as well as the trader's account's currency, when you sign up.
You might be trying to take out money that's set aside to pay the trader. This money can't be taken out or moved.
This means the size of the trades copied to your account is based on how much money you have compared to the trader. This is great for people who often change how much they invest or for traders who do the same. You can learn more about this on the "Portal page" page.
This lets you temporarily stop copying a trader's trades. Any trades that were copied before you paused will still be open, and you'll still be seen as following the trader. You can find more info about "Pause" mode on the "Copy Portal Page"
You don't have to pay extra to use ICFXL copy trading.
You can use any type of trading account with ICFXL copy trading. Just remember, if you have the app, you can only copy trades using the mobile app or website.
The "Rating" section tells you everything you need to know about a trader. Here's what it shows:
Yield/Profit: How much money a trader has made. It's shown as a percentage, in pips (a small unit of measurement), and in dollars.
Maximum Drawdown: The biggest loss a trader has experienced on their account.
Period of Trading: How long the trader has been using ICFXL copy trading.
Balance: How much money the trader has in their account.
Number of Transactions: How many trades the trader has made.
Investors: How many people are following the trader, and how much money they have in total.
Yes! You can copy a trader even if you have a different type of account. Just check the "cross-copying" page to see if you can follow that specific trader.
You can use MetaTrader 5, mobile app, and the mobile version of the platform.
Yield shows how well a trader is doing. It's basically a percentage of how much money the trader has made or lost over time.
You need at least $100 (or the equivalent in your currency) in your account to follow a trader.
Trades are copied instantly!
Traders can use all the same order types as they would outside of the system, except for "Close by...".
Almost every account is included in the rating. The only exceptions are:
Accounts with less than half the money required for subscription conditions.
Accounts with special subscription settings that don't show in the rating.
Accounts without clear subscription settings.
Accounts that have lost more than 90% of their money for 10 days in a row.
We use an SSL certificate from Comodo, the world’s leading certification authority. This helps keep your data safe and private while you navigate ICFXL's websites, using a 256-bit AES algorithm to secure your Internet connection.
For any important actions in your "Members Area," like updating your personal info, changing passwords, or processing money transfers and withdrawals, we send a confirmation code straight to your email.
SMS Confirmations for Your Trading Account
From international banks to local and all kinds of payment service providers can be used to transact with ICFXL.
Yes, we are a prime liquidity provider and can act as a clearing agent.
Forex, also known as FX or foreign exchange trading, is all about exchanging foreign currencies in the fast-paced world of the Forex market!
The Forex market is the largest financial market in the world, where trillions of dollars are traded daily! It operates 24/7, allowing people to trade currencies for purposes like trading, travel, tourism, and global commerce.
The Forex market is active 24 hours a day, starting Sunday at 5:00 PM EST/10:00 PM GMT and running through Friday at 5:00 PM EST/10:00 PM GMT.
The Forex market runs across four main sessions: New York, London, Tokyo (Asia), and Sydney. Each session brings unique trading opportunities!
Key factors include economic news releases, central bank interest rate decisions, interventions by central banks, and market sentiments like fear or optimism.
Not really! Unlike the stock market, the Forex market doesn’t crash unless currencies disappear. Even if one currency takes a nose dive, others will be on the rise, creating new opportunities for traders.
The top currencies include the US Dollar (USD), British Pound (GBP), Euro (EUR), Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD), Australian Dollar (AUD), and New Zealand Dollar (NZD).
Minor pairs involve the major currencies, but without the US Dollar (USD). Examples include EUR/CAD and GBP/JPY.
Forex trading offers lower entry costs, minimal transaction fees, extended trading hours, high liquidity, and leverage, making it more accessible than stock trading.
Start by exploring different trading styles and strategies to find what suits you best. Then, back-test your ideas to identify a method that consistently works for you.
You can backtest by using a demo account or reviewing past market data to see how your strategy would have performed.
"PIP" stands for Point in Percentage and represents the smallest price movement between two currencies, usually seen in the fourth decimal place of a Forex quote.
A lot refers to the number of units you're trading. There are three types:
Micro Lot = 0.01 = Controls 1,000 units.
Mini Lot = 0.10 = Controls 10,000 units.
Standard Lot = 1.00 = controls 100,000 units.
For a USD-based account:
1 pip with a micro lot is worth $0.10.
1 pip with a mini lot is worth $1.00.
1 pip with a standard lot is worth $10.00.
Candlesticks are visual representations of price movements over a set time period. The time depends on your chart settings (e.g., 15 minutes for M15 or 24 hours for D1).
A wick (or shadow) is the thin line above and below the body of the candle, showing the high and low prices.
Being bullish means expecting the price to rise. For instance, if someone is bullish on USD/JPY, they believe the US Dollar will increase in value against the Yen.
Being bearish means expecting the price to fall. If someone is bearish on EUR/USD, they think the Euro will drop against the US Dollar.
‘Going short’ means selling with the expectation that the value of the currency will decrease.
‘Going long’ means buying with the hope that the currency’s value will go up.
The spread is the difference between the bid price (the highest price a buyer is willing to pay) and the ask price (the lowest price a seller is willing to accept). It's the cost of opening a trade.
MetaTrader 5 is a widely used platform for Forex traders, offering desktop and mobile versions.
A market order is used to buy or sell a currency immediately at the current market price.
A limit order allows you to set a specific price for entering a trade. When the market hits that price, your order is filled.
A stop order becomes a market order once the price reaches a certain point. It's useful for managing your trades.
Leverage lets you control more money than you have in your account. For example, $1,000 at 100:1 leverage allows you to trade $100,000 worth of currency!
Leverage allows you to increase profits from smaller price movements, but keep in mind that it also increases potential losses.
Margin is the amount of money required to open a leveraged trade.
A margin call occurs when your account doesn’t have enough funds to support your trades, and your broker may automatically close your positions.
This measures how much risk you’re taking relative to your potential reward based on your stop loss and take profit points.
The risk-to-reward ratio is a way to compare how much you're risking on a trade to the potential reward. Here’s the formula:
Risk-reward ratio = |Price entry value – stop loss value| / |Price entry value – target price value|
Ebb and flow describe the natural rise and fall of market prices, much like the tides of the ocean. It reflects how markets respond to daily events, showing periods of increase (flow) and decrease (ebb).
A Doji candle has a very small or non-existent body and signals indecision in the market. It often marks potential turning points in price action, like swing highs or lows.
A hammer candle has a small body with a long lower wick and appears after a price drop. It indicates that the market could be about to reverse and move higher.
An inside bar pattern consists of two candles. The second candle is smaller and fits within the range of the first candle's high and low. This often signals a period of consolidation before a breakout.
The head-and-shoulders pattern is a common reversal setup with three peaks: a taller middle peak (the head) and two smaller ones (the shoulders) on either side. A break below the "neckline" usually signals a reversal of the trend.
Support is a price level where a currency typically stops falling, while resistance is a level where prices tend to stop rising. These levels often act as barriers, and traders use them to predict price movements.
The Fibonacci tool is used by traders to measure the size of price swings and identify potential retracement or extension levels, which can help find key areas for entering or exiting trades.
Fibonacci retracement helps traders measure pullbacks within a price movement. Common retracement levels to watch for are 50%, 61.8%, and 78.6% of the original move.
Fibonacci extension levels go beyond the 100% retracement level, helping traders project where a price might extend in the future, useful for setting profit targets.
Fractals are recurring price patterns that appear across different time frames. These patterns help traders predict future price movements by identifying key turning points.
Swing trading involves holding positions for several days or weeks to take advantage of medium-term price moves. It requires patience and the ability to handle short-term fluctuations.
Intraday trading means opening and closing trades within the same day. It’s perfect for those who want to avoid holding positions overnight and want quicker results.
Scalping is a fast-paced trading style where traders make quick, small trades throughout the day, capitalising on tiny price movements.
Non-Farm Payroll is a monthly economic report that shows job changes in the U.S. economy. It’s released on the first Friday of every month at 8:30 AM EST and often impacts market volatility.
FOMC stands for the Federal Open Market Committee, which meets eight times a year to discuss monetary policy and make decisions that influence the U.S. economy.
Technical analysis involves studying past price movements and patterns to predict future market behaviour. Traders use charts and indicators to make their decisions.
Fundamental analysis looks at the bigger picture—political, economic, and social factors that can affect currency prices. It includes everything from economic reports to geopolitical events.
Trading psychology focusses on understanding your own mindset during trades. Emotions like fear and greed can impact decision-making, so staying calm and disciplined is key.
Risk management is about controlling the level of risk on each trade. A general rule is to never risk more than 2% of your total account balance on any single trade.
Trade management refers to how you handle an open trade. This could mean adjusting your stop-loss to protect profits or exiting a trade early if the market turns against you.
Forex signals are trade ideas generated by analysts or algorithms. They suggest entry points, take profit (TP), and stop loss (SL) levels, but should be used for educational purposes, not blindly followed.
TP stands for "take profit," which is the price at which you want to exit a trade with a profit. SL means "stop loss," which helps limit your loss if the market moves against you.
Our focus is primarily on major and minor currency pairs—those involving the eight major currencies paired with each other or the U.S. Dollar.
This depends on your comfort level. Many traders find it helpful to focus on just 1-2 pairs, especially when starting out, to keep things manageable.
Trade ideas are shared when a suitable market opportunity arises. These aren’t released at fixed times but rather when conditions align with the criteria of individual traders.
Yes, you can choose any broker that offers the instruments you want to trade and the leverage you prefer.
It’s best to research brokers and find one that fits your needs. We offer helpful resources in our training library to assist with your decision.
Only trade with what you can afford to lose. If you're new, it's a good idea to start with a demo account before moving to live trading.
This is up to you, but always make sure it's an amount you’re comfortable risking. Think about your risk appetite and trading goals before deciding.
Absolutely! Our service is designed for both beginners and experienced traders. If you’re just starting, we recommend using a demo account first to practice.
Leverage depends on your comfort level. If you’re new, it’s safer to use lower leverage until you gain more experience and confidence.
A demo account lets you practice trading without risking real money. It's a great way to get familiar with the trading platform and develop strategies before trading live.
Stop losses can vary depending on your strategy, but whether small (20 pips) or large (100 pips), the risk should never exceed 1-2% of your account balance. Always calculate your position sizes carefully.
Yes, drawdowns are a normal part of trading. Even the best traders experience them. The key is managing your risk and staying disciplined during these periods.
If the price has moved against you, it might still be worth entering. If it’s moved in your favour, reassess whether it's worth jumping in or waiting for the next opportunity. The market always offers new chances!
You can calculate it by comparing the distance in pips from your entry point to your stop loss and take profit levels. For example, a 1:3 risk-reward ratio means you’re risking $1 to make $3.
Stick to 1-2% of your total account balance per trade. Beginners should lean towards 1% to develop good discipline and avoid taking on too much risk.
Use a position size calculator based on your risk level to determine the right lot size for your account balance.
Multiply the risk percentage by your account balance, then set your stop loss accordingly. For instance, with a $5,000 account and 1% risk, you’d risk $50 per trade.
To calculate your risk, multiply the percentage of risk you’re willing to take by your account balance, then adjust your stop loss accordingly. For example, if your balance is $5,000 and you’re risking 1%, that would equal $50 of risk per trade.
The risk-to-reward ratio is calculated as follows:
Risk-reward ratio = |Price entry value – stop loss value| / |Price entry value – target price value|
Price action trading is all about analysing past price movements and patterns. By recognising these patterns, traders aim to forecast future trends without relying too heavily on indicators.
Price action can be applied across any timeframe—from monthly charts down to 15-minute intervals! However, higher timeframes generally provide more accurate signals.
Absolutely! Price action is flexible and pairs well with other trading methods. Since it's simple and clear, it can easily be integrated with technical or fundamental analysis.
Top-down analysis starts by examining higher timeframes for the bigger picture and then zooms in on lower timeframes for more detailed trade setups.
A support zone is a price level where a currency tends to stop falling and may reverse upwards. It acts as a safety net, preventing further decline.
A resistance zone is the opposite of support. It’s a level where prices stop rising and may reverse downward, acting as a ceiling for price movement.
In our Price Action strategy, we rely heavily on candle closures. After identifying points of interest, we confirm our decisions through price action before placing market orders.
Smart Money refers to institutional investors or entities with the financial power to influence market prices due to their large trades.
These terms refer to individual retail traders who generally don’t have access to the same information or influence that institutional traders do.
A central bank controls a nation’s monetary policy, managing currency, interest rates, and financial stability. An example is the Federal Reserve in the U.S.
The interbank network consists of large banks that trade foreign exchange directly with one another through electronic systems like EBS or Reuters.
Inter-market analysis studies the relationships between different markets—like bonds, stocks, and commodities—to understand how changes in one can influence others, especially during inflation or deflation.
The COT report, published by the CFTC, shows the positions of large traders in futures markets. It gives insights into whether institutional traders are bullish or bearish on certain assets.
These are specific price levels, often ending in round numbers like 20s, 50s, or 80s, where large institutions commonly trade.
Also called fair value, equilibrium refers to a price that balances out previous highs and lows within a trading range.
A market profile identifies four key environments in markets: consolidation, breakout, retracement, and reversal.
Accumulation happens when Smart Money begins buying positions or covering shorts, often leading to a price increase.
Manipulation is when Smart Money intentionally misleads retail traders into taking unfavourable positions before reversing the market.
Distribution is when Smart Money sells off positions near peak prices, either taking profits or closing long positions.
This occurs when Smart Money intentionally drives the market to hit retail traders’ stop losses before reversing the direction, often seen as a form of market manipulation.
Liquidity is the availability of buy and sell orders at key price levels, often found around big price swings where many stop orders are placed.
An inside day occurs when the price range of a given day is contained within the range of the previous day. It can signal a continuation of the trend.
Directional bias refers to the prevailing trend within a higher timeframe, guiding a trader’s actions in smaller intervals.
A swing high is when a peak is formed by a three-bar formation, with the middle candle being the highest. A Swing Low is the opposite, with the middle candle being the lowest.
A day trade is a position that is opened and closed within the same trading day, capturing small price movements without holding overnight.
Up Candle: A bullish candle showing price increases.
Down Candle: A bearish candle indicating price decreases.
‘Sit on Your Hands’: A phrase meaning to avoid trading during unfavourable conditions and simply watch the market.
AMD: accumulation, manipulation, and distribution.
HTF & LTF: Higher Time Frame and Lower Time Frame.
HH, HL, LH, & LL: Higher Highs, Higher Lows, Lower Highs, and Lower Lows—indicating trends.
EU: EUR/USD, GU: GBP/USD, UJ: USD/JPY.
XAU: Symbol for Gold (XAU/USD).
WTI: West Texas Intermediate, representing crude oil.
US30 or DJ30 refers to the Dow Jones index.
FOMO: Fear of Missing Out—a common emotional trap for traders.
RR: Risk/Reward.
NFP: Non-Farm Payroll.
FOMC: Federal Open Market Committee, responsible for U.S. monetary policy.
Contact us through any means of featured communication. We are happy to help.
Imagine you want to bet on whether a stock price will go up or down, but you don't want to actually buy the stock. That's where CFDs come in. It's like a special agreement where you just pay the difference between the price when you start and the price when you finish.
At ICFXL, you can trade CFDs on all sorts of things, like stocks from around the world, commodities (like oil or gold), and even whole market indexes (like the S&P 500).
ICFXL makes money by charging a small difference between the buying price and selling price. They also charge a little bit each night if you keep your bet open.
If you're still betting at 5 p.m. ET, you get charged (or paid) a little bit based on how well your bet is doing. It's a bit like a tiny interest rate.
There are two types of CFDs: ones that have a set date they expire, and ones that keep going forever. The ones that expire are only available on a special platform called MetaTrader 5.
CFDs are a way for experienced traders to make money on price changes without owning the actual thing they are betting on. They are not allowed in the United States.
A CFD is a way to bet on whether a price will go up or down.
They let you make bets quickly.
They're popular for things like foreign currencies and commodities.
You only need to pay a small amount to start, but you can lose a lot of money quickly.
CFDs let you bet on whether the price of something will go up or down. You can bet on things like stocks, commodities, and even currencies.
You can use CFDs to trade all sorts of things, like stocks, commodities, and even whole market indexes. They are often used for making bets on futures contracts, which are agreements to buy or sell something at a certain price in the future.
Good and Bad Things about CFDs
Good:
You can bet on price movements without actually owning the thing.
You can make a lot of money with a little bit of your own cash.
You can bet both that the price will go up or down.
Bad:
If you're wrong, you can lose a lot more money than you put in.
The market isn't as well regulated as regular stock exchanges.
You could be asked to put more money in if your bets are losing.
CFD Example
Let's say you want to bet on whether the S&P 500 stock index will go up. You could buy a CFD on the S&P 500. If the index goes up, you make money. If it goes down, you lose money.
CFDs are different from futures contracts because CFDs don't have an expiration date and you don't actually own the thing you're betting on.
Nope, CFDs aren't allowed in the United States. But you can trade them in many other places, like Canada, Europe, and Australia.
CFDs, or Contracts for Difference, are like a special agreement between you and a company (called a broker) where you can make money by guessing if the price of something (like gold or a stock) will go up or down. You don't actually own the thing itself, but you can still make money if your guess is right.
Think of it like this:
Imagine you and your friend make a bet on whether the price of a coffee will go up or down. You agree that if the price goes up, you'll pay your friend the difference, and if it goes down, your friend will pay you. That's kind of like a CFD.
Here's the catch:
CFDs can be tricky, so it's important to know what you're doing. You can make a lot of money, but you can also lose a lot quickly. Make sure you understand the risks before you start trading CFDs.
Choose your asset: Decide what you want to bet on (like gold, oil, or a company's stock).
Choose your bet: Will the price go up (long position) or down (short position)?
Decide how much to bet: How much money are you willing to risk?
You can trade CFDs on platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They have fancy tools and charts to help you make your bets.
Important things to know:
Leverage: With CFDs, you can use "leverage," which means you can bet more money than you actually have. This can make you money faster, but it can also make you lose money faster.
Risks: CFDs are risky. You could lose all the money you put in, so be careful.
If you're a beginner, CFDs might not be the best option. They're for experienced traders who understand the risks.
If you're interested in learning more about trading, there are many resources out there. Talk to a financial advisor or do some research online.
Lots of stuff! Here are a few examples:
Forex (FX): This is all about swapping currencies. You might bet on whether the US dollar will get stronger or weaker against the euro.
Stocks: You can bet on the price of shares in companies like Apple, Amazon, or Facebook.
Indices: These are groups of stocks that act together. Think of it like a basket of fruit—you're betting on the whole basket, not just one piece.
Commodities: These are raw materials like gold, oil, or coffee.
Cryptocurrencies: You can bet on digital currencies like Bitcoin or Ethereum.
IPOs: When a company goes public for the first time, you can bet on how the price of its shares will change.
You make a deal with a broker (like a middleman) that says you'll pay them the difference between the price of an asset at the start of the bet and the price at the end.
Long position: You bet that the price will go up.
Short position: You bet that the price will go down.
Example:
Let's say gold is $1,820 per ounce. You think it will go up, so you buy a CFD. If it goes up to $1,901, you win! But if it goes down to $1,700, you lose.
Easy access: You can trade lots of different things from one place.
Leverage: You can control bigger bets with less money, but be careful—this can make losses bigger too!
Flexibility: You can bet on prices going up or down.
Choose what you want to trade: stocks, gold, currencies, etc.
Decide whether you think the price will go up or down.
Decide how much money you want to bet.
Monitor the market and make your bet!
Be careful! CFDs can be risky, so always do your research and understand the risks before you start.
Like any investment, CFDs come with risks. Because you can use leverage, losses can be bigger than your initial bet.
It depends on your goals. CFDs give you leverage and flexibility, but you don't own the actual asset. Stocks are more traditional, but you have more control and potential for growth over time.
Always talk to a financial advisor to get advice tailored to your needs!
Imagine a digital dollar bill, but instead of being printed by a bank, it's managed by a special computer network called a blockchain. It's like a big, shared record book that keeps track of all the transactions.
It's that computer network we talked about. It's like a super secure and open ledger that everyone can see. It uses special codes to make sure no one can cheat or change the information.
Think of them like digital locks and keys. You have a public key that lets people send you money and a private key that's like a secret code that only you know, so you can prove you own the money.
It's kind of like sending money through email. You need a special address to send and receive it, and you use your secret private key to prove you're the owner.
They're like a new way to pay for things. They don't need banks to handle the transactions, which can be faster and cheaper. And they're secure because the blockchain is so strong!
No one person or company is in charge. It's a network of computers that everyone can use. It's like a big community that keeps it going.
It can be risky, like any kind of investment. The value of crypto can go up and down a lot. You need to be careful and do your research before investing.
It's like a way for new companies to raise money by selling their own crypto tokens. It's similar to a regular stock offering, but it uses crypto instead of traditional money.
They're like a small tip you pay to the people who manage the blockchain to make sure your transaction happens quickly.
It's the most popular cryptocurrency. It's like the OG of crypto, the first one that was created.
It's a different version of Bitcoin. It's like a cousin but has some different features.
Imagine a crypto that's not as volatile as regular crypto. It's like a digital dollar that's tied to the value of real dollars.
It's one of the most popular stablecoins. It's like a digital dollar that's guaranteed to be worth the same as a real dollar.
Think of them as special programs that run on the Ethereum blockchain. They can be used for all kinds of things, like voting or playing games.
They're both cryptocurrencies, but they work in slightly different ways. Bitcoin is mainly used for sending and receiving money, while Ethereum is more flexible and can be used to run programs on the blockchain.
Cryptocurrency markets are like a giant, worldwide computer network. They aren't controlled by any one person or group. You can buy and sell cryptocurrencies through exchanges, and you can keep them in digital wallets.
Unlike regular money, cryptocurrencies only exist as digital records. When you send some to someone, it's like sending them a digital note saying you're giving them some of your cryptocurrency. This note gets recorded on a special ledger called a blockchain.
Imagine a giant, shared diary where everyone can see the same information. That's a blockchain. It keeps track of every cryptocurrency transaction and shows how ownership has changed over time. These transactions are recorded in blocks, and those blocks are added to the chain.
Blockchains are very secure because:
Everyone Has a Copy: The blockchain is stored on many different computers, so it's hard to change or hack.
Super Strong Math: The blocks are linked together using super-complicated math and code. If anyone tries to cheat, everyone will know because the links will break.
Cryptocurrency mining is like the security guard of the blockchain. It's how new transactions are verified and added to the blockchain.
With ICFXL, you can trade cryptocurrencies using CFDs. You're basically betting on whether the price of a cryptocurrency will go up or down. Prices are shown in regular money, like dollars, and you don't actually own the cryptocurrency itself.
What is the spread?
The spread is just the difference between the buying price and the selling price. For example, if you want to buy cryptocurrency, you'll pay a slightly higher price than if you want to sell it.
What is a Lot?
Lots are just groups of cryptocurrency tokens that are traded together. They're like small bundles that make trading easier.
What is leverage?
Leverage is like borrowing money to invest. You only need to put down a small amount of money, called a margin, to control a much bigger amount of cryptocurrency. This can help you make more money, but it can also make you lose more money if the price goes down.
Energy trading is super exciting! It's all about buying and selling things like oil and gas, which are always in demand. Some of the biggest companies in the world, like ExxonMobil and BP, are in the energy business.
If you're curious about getting involved, let's break it down.
So, energy trading is like a big game where people buy and sell energy like electricity, natural gas, and oil. It might seem like just a bunch of people buying and selling, but it's actually super important for keeping the lights on and our cars running!
Think of it like this: imagine you're a baker who needs flour to make bread. Sometimes the price of flour goes up and down, right? Energy trading is kind of like that. People try to figure out how much energy will be needed in the future and then buy and sell it to make sure there's enough to go around. It also helps keep the price from getting too wild.
Electricity is kind of tricky because you can't store it. You have to use it right away! So, when you're trading electricity, timing is super important. It's like trying to catch a moving target.
One way people trade electricity is called congestion trading. Imagine a highway that gets really crowded at rush hour. You might want to take a different route to avoid the traffic, right? Congestion trading is kind of like that. People use special contracts to predict where there will be a lot of demand for electricity and then buy and sell those contracts to make money.
Natural gas is like the fuel for your stove and heater. People trade natural gas in different ways, but one of the most common is called futures trading. It's like placing a bet on how much natural gas will cost in the future. If you guess right, you make money!
Another way to trade natural gas is by using calendar spreads. This is like comparing the price of natural gas at different times of the year. You can buy and sell contracts for different months to take advantage of price differences.
Oil is like the fuel for your car. People trade oil a lot like natural gas, using futures, options, and spreads. They try to predict how much oil will cost in the future and then buy and sell contracts based on their guesses.
Energy is essential! It keeps our homes warm, powers our phones and cars, and even helps us get around on public transportation. There's a big push towards cleaner energy too, with things like solar and wind power becoming more popular.
You can get involved in energy trading in a few ways:
Energy Stocks: Think of buying pieces of big energy companies like those mentioned before. You can buy and sell these shares, just like any other company.
Renewable Energy: There are companies like Tesla and First Solar that are leading the way in clean energy. Investing in them can be a smart move.
Energy ETFs are like baskets of different energy stocks. They let you spread your risk and invest in a bunch of companies at once.
Energy Commodities: This is where you trade things like oil and gas directly. It can be a bit more volatile, but it also offers the chance for bigger returns.
There are different ways to get started:
Spread Betting: You can bet on whether the price of energy will go up or down. It's a way to trade without actually owning the asset.
CFDs: These are similar to spread betting but offer a few extra features.
The Basics:
Think of the energy sector like a big group of companies, including those that deal with oil, natural gas, nuclear power, coal, and new, cleaner energy sources. For many folks, the exciting part is finding, digging for, and refining oil and gas. If you're thinking about putting your money into this sector—whether you buy shares of a company, an ETF (which is like a basket of stocks), or a mutual fund—it's really important to do your research just like the pros do!
Experts in the oil and gas world use some special tools to compare companies and see which ones look like good investments. These tools are called "multiples," and they change depending on how much oil and gas costs. Knowing the basics of these multiples will help you understand the oil and gas business better.
EV/EBITDA: This checks how much a company's worth is compared to its earnings before some costs, like taxes and interest. A lower number might mean the company is a good deal.
EV/BOE/D: This compares a company's value to how much oil and gas it produces every day. It's a good way to see if a company is getting a good price for its oil and gas.
EV/2P: This looks at how much a company's resources can support its operations. A higher number might mean the company is worth more because of its oil and gas reserves.
Price/Cash Flow per Share: This compares a company's share price to how much cash it makes. It's a way to see how much you're paying for each dollar of cash flow.
EV/DACF: This looks at a company's value compared to its cash flow, taking into account how much debt it has. This is a good way to compare companies with different levels of debt.
EV/EBITDA: What it Means?
Let's talk about EV/EBITDA in more detail. It's like looking at a company's worth without considering its debt and comparing it to its earnings before taxes and interest. It's useful because it makes it easier to compare companies from different countries since different countries have different tax systems. A lower EV/EBITDA number might mean the company is undervalued.
Other Important Things to Remember:
Not All Reserves Are Equal: While the EV/2P multiple can be helpful, remember that some oil and gas reserves are better than others.
Cash Flow is Key: Cash flow is a good measure of how much money a company is actually making.
Debt Matters: How much debt a company has can impact its value and how much it costs to run the business.
A thought to ponder:
Learning about these multiples is a good way to understand the oil and gas industry and find companies that might be good investments. Remember to do your research and consider all the factors before making any decisions.
It's really easy! Just open an account with us and you can start exploring the world of energy trading.
We have tools to help you along the way:
Free Demo Account: Practice trading with fake money to get comfortable.
Award-Winning Trading Platform: We have great charts, news, and insights to help you make smart decisions.
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