Forex Trading

Trade Forex With Libra Options LLc.

Forex is short for foreign exchange. The forex market is where currencies are traded. It is the largest and most liquid financial market in the world with an average daily turnover of $6.6 trillion as of 2019. The Forex market is based on currency fluctuations. Forex traders speculate on the price fluctuations of currency pairs, making money on the difference between the buying and selling prices.

Forex Trading FAQ

How to trade forex?

To trade forex on margin on the IQ Option platform, follow these steps:

1. Open a new asset and select "Forex".

2. Enter a trade size by clicking the "Quantity" button.

3. Set optional parameters if you wish:

- If you would like to open a position with the expiration time, press the "Expiration" button.

- Set the take-profit/stop-loss levels.

5. Make your forecast and open a trade.

6. Close your trade manually in the "Portfolio" or wait until it closes automatically in case you set optional parameters.

Please note that your trade will be forcibly closed in case your margin level falls below 50%.
What is margin?

Margin is the amount of a trader's funds required to open a new position. Margin is estimated based on the size of your trade, which is measured in lots.
A standard lot is 100,000 units. We also provide mini lots (10,000 units), micro lots (1,000 units) and nano lots (100 units). The greater the lot, the bigger the margin amount .
Margin allows you to trade with leverage, which, in turn, allows you to place trades larger than the amount of your trading capital. Leverage influences the margin amount too.
What is leverage?

Leverage is the ability to trade positions larger than the amount of capital you possess. This mechanism allows traders to use extra funds from a broker in order to increase the size of their trades. For example, 1:30 leverage means that a trader who has deposited $1,000 into his or her account can trade with $30,000. Although leverage lets traders increase their trade size and, consequently, potential gains, it magnifies their potential losses putting their capital at risk.
When is the forex market open?

Due to different time zones, the international forex market is open 24 hours a day — from 5 p.m. Eastern Standard Time (EST) on Sunday to 4 p.m. EST on Friday, except holidays. Markets first open in Australasia, then in Europe and afterwards in North America. So, when the market closes in Australia, traders can have access to markets in other regions. The 24-hour availability of the forex market is what makes it so attractive to millions of traders.