#TRADING DIARY PRO REVIEW SOFTWARE#

The flipside to a high-leverage environment is that downside risks are enhanced and can result in significant losses. Since they have used very little of their own capital, the trader stands to make significant profits if the trade goes in the correct direction. Example: A trader might put up just $1,000 of their own capital and borrow $9,000 from their broker to bet against the EUR in a trade against the JPY.The forex market is characterized by high leverages, and traders often use these leverages to boost their positions. Leverage: Leverage is the use of borrowed capital to multiply returns.The use of leverage in forex trading means that a CFD trade gone awry can lead to heavy losses. A trader betting that the price of a currency pair will increase will buy CFDs for that pair, while those who believe its price will decline will sell CFDs relating to that currency pair. Contract for difference: A contract for difference (CFD) is a derivative that enables traders to speculate on price movements for currencies without actually owning the underlying asset.Bull markets signify a market uptrend and are the result of optimistic news about the global economy. Bull market: A bull market is one in which prices increase for all currencies.

Bear markets signify a market downtrend and are the result of depressing economic fundamentals or catastrophic events, such as a financial crisis or a natural disaster.

Bear market: A bear market is one in which prices decline among currencies.

While they are generally lower than ask prices, in instances when demand is great, bid prices can be higher than ask prices. A market maker in a given currency is responsible for continuously putting out bids in response to buyer queries.

Bid: A bid is the price at which you are willing to sell a currency.

The ask price is generally greater than the bid price.

For example, if you place an ask price of $1.3891 for GBP, then the figure mentioned is the lowest that you are willing to pay for a pound in USD.

Ask: An ask (or offer) is the lowest price at which you are willing to buy a currency.

For example, they may put up $100 for every $1 that you put up for trading, meaning that you will only need to use $10 from your own funds to trade currencies worth $1,000. This means that the broker can provide you with capital in a predetermined ratio. Remember that the trading limit for each lot includes margin money used for leverage. International currencies need to be exchanged to conduct foreign trade and business. Currencies are important because they allow us to purchase goods and services locally and across borders. The foreign exchange market is where currencies are traded.

Market participants use forex to hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, among other reasons.

Forex markets exist as spot (cash) markets as well as derivatives markets, offering forwards, futures, options, and currency swaps.

For example, EUR/USD is a currency pair for trading the euro against the U.S.

Currencies trade against each other as exchange rate pairs.

Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world.

The foreign exchange (also known as forex or FX) market is a global marketplace for exchanging national currencies.And that's for a cost, forget about anything free!. Either Calender planning, To-list management, or a Diary.

#TRADING DIARY PRO REVIEW SOFTWARE#

Most software will only offer you one function. You will never get this many uses in one bundle. Yes, there is a pro version, but it only affects advanced functions, like 'Connecting to their server', 'Spelling' and some forms of grouping. A To-list and Task scheduler?, A place to keep all your contacts email/home addresses & phone numbers?, A calender and date planner?, An Event manager?, A place to keep and jot down random notes of your choice? You've got it all! And the best? It's all for free. The fun lies in the altering color schemes of the software and background picture as per user discretion and the facility to add corresponding weather picture or emotion icons to specific dates for fond remembrance and is perfectly manageable by hierarchy grouping.' Like Ms Word, the application contains strong editing functions and facilitates storing of tables, pictures and emotions and even URL of websites. Computer applications have been developed and created to assist users in managing their data and information in as effective as possible manner and contains numerous features and tools for efficient organization. Digital diaries also have a battery operated functionality that stores the user data and all details as desired.

Trading diary pro review