Trading Basics Click here for Vietnamese: As member ("You") of the most exciting money making business offered by us ("I"; "We"). We are welcome you aboard!
Today, through advance computer networking, we are strongly recommend you to use email to deliver your message to us. Regardless of how little of important of the issue, you will receive our responses within minutes but no later than 24-hour period. This manual is served as a quick reference to most of the issues, for in-depth explanation, please refer to User Guide: Trading Hours: Our business hours are from 2:00 PM (PT) Sunday to 2:00 PM (PT) Friday. We're closed on Saturday and all major holidays. But, our email-room never close. Deal spreads: Normal deal spreads are between 3 to 5 pips for major currency pair. These pips are our compensation for the services we had provided to you and there're no other costs to be paid by you. Trading Account: There're two types; 1) Mini Account: You must have deposited a minimum of $250 USD into your account prior to trade. This mini account guarantees you can take position of 5 lots valued at $10,000 per lot as margin deposit of 0.5% or 200:1 leverage. But, you may not deal on all 5 lots due to, if the market goes the other way and you don't have enough fund in your balance, all your deals will be close-out. 2) Standard Account: To be an active trader, you must have deposited a minimum of $2,500 USD in your account. With 100:1 leverage, you can trade up to 2 lots valued at $100,000 per lot. To avoid close-out automatically by the software, you should always know your balance prior to trade. Margin: Maximum available margin is 0.5% (200:1 leverage) required minimum margin to position a trade at $50 per $10,000 lot for mini account and the max available is 1% (100:1 leverage) required minimum margin to position a trade is $1,000 per $100,000 lot for standard account. However, the requirements for leverage may vary with account size or market conditions and may be changed from time to time at the market makers' sole discretion. The software automatically calculates margin requirements and checks available funds before allowing you to enter a new position. If your funds is not enough you'll receive 'insufficient margin funds'. If the unrealized P&L of your net total open position falls below your margin balance, your account is 'under margined' and all your open positions may be cash-out (liquidated). To avoid liquidation, don't use your entire account balance as margin. Instead, leave enough funds in your account to survive positions if the market goes against you and always use 'Stop Loss Order' to minimize your loss. Internet Trading: It's easy to enter a trade. Go to www.esd-realestate.com and click onto 'access account', enter your ID and password. Then choose you currency pair, next, enter number of lot and click on either 'buy' or 'sell', your deal is now executed. The software automatically calculates the initial margin requirement based upon the notional amount of the deal, and if sufficient funds are available in your account, it'll accept the transaction. Deals are confirmed online in seconds, and the system instantaneously updates both your open position and calculates your current P&L. Order Types: If you're not sure about future price movements or if you want the software to control your profits or loss level, you need to place an order for that traded pair. Orders may be entered at any time at any rate, inside or outside the existing spread. Limit Orders: An order with restrictions on the max price to be paid or the minimum price to be received. Say, you go long USD/CHF at 1.2525, a limit order would be entered to sell USD at 1.2535, as the market price reaches 1.2535, your position will be close-out if this happened during business hour, otherwise read 'Order left over the weekend or holidays'. Stop Loss Orders: This order used to minimize your loss at your desired level if the market goes against you. Say, you are doubtfully go long EUR/USD at 1.2995, you need to use this order to set the max loss of 15 pips, then as price goes down to 1.2980, your position will be close-out if this happened during business hour, otherwise read 'Order left over the weekend or holidays'. In addition, as a rule, sell stops are filled on our bid, and buy stops are filled on our offer. This allows the software to fill your stop loss orders at the rate they requested in most case. In some cases the market gaps over the requested rate, the stop is filled at the best available price. For other Orders and instructions to place an order, see our User Guide. All orders may be entered as Day Orders, entered today only good until the end of business hour at 2:00 PM (PT), or you may choose to enter a Good 'til Cancelled Order (GTC), which is valid until the order is executed/cancelled. Orders remain open until they are triggered or cancelled. If you choose to close a position manually, you must cancel all orders relating to that position. Orders left over the weekend or holidays: Orders left pending at close of trading on Friday at 2:30 PM (PT) or placed over the weekend are subject to a gap open on Sunday at 2:00 PM (PT). For both Limit and Stop Loss Orders, if your order is triggered due to many factors, it will not be executed over the weekend. Your order will be executed at the prevailing price when business hour begins on Sunday 2:00 PM (PT). Rollovers: A rollover is the simultaneous closing of an open position for today's value date and the opening of the same position for the next day's value date at a price reflecting the interest rate differential between the two currencies. The software automatically rolls forward all open positions to the next days' value date following the close on Friday 2:00 PM (PT). You can earn interest on rollovers, depending on the direction of their position and interest rate differential between the two currencies involved. Ex, UK interest rates are higher than Japan's, so if you go long GBP/JPY then you'll earn interest on the roll. But, if you go short GBP/JPY then you'll have to pay interest on the rolls. Reports: The software instantly provided the reports as you needed, such as: Account Summary, Transaction Listing, Open Positions, Order and Rollover History. You can print a hard copy directly from our website. Funding your Account: For fast and convenient, we recommend the use of 'credit card' to transfer funds into your account. Once the transfer completed, you'll receive a confirmation and that amount will show on your trading board. Fund Withdrawal Requests: To withdraw funds from your account, it's a simple process, just login to 'My Account' and make the request. All withdrawal requests are processed within two (2) business days of receipt. There's no fee for the 'check' to mail to you. If you request withdrawal via 'wire transfer' to your bank account, you'll pay $25 fee within the U.S. or $40 fee for other countries. For other information and issues, please refer to our User Guide.
Lastly, we wish you many lucks and profit the most in currency exchange business!