Forex - End User Guide

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Table of Contents Forex - End User Guide .................................................................................................................. 1 Forex Basics/Introduction ............................................................................................................... 3 Description .................................................................................................................................. 3 Pricing ......................................................................................................................................... 3 Pips (Percentage in Points) ......................................................................................................... 4 Leverage ...................................................................................................................................... 4 Contract Size ............................................................................................................................... 4 How to Trade Real Forex as a User ................................................................................................ 4 Reviewing Additional End User Features for the Real Forex .................................................. 23

Forex Basics/Introduction Description Foreign exchange, commonly known as “Forex” or “FX”, is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world’s most traded market, with an average turnover of US$4 trillion per day. We offer a standard forex trading version, as a part of our binary trading platform, that is presented as an additional trading opportunity (game) to our end users.

Pricing All forex assets are quoted in terms of one currency versus another. Each currency pair has a base currency and a counter currency. For example, in EUR/USD, EUR is the base currency and USD the counter currency. Forex pricing is a two-way quotation mechanism that indicates the best price at which asset can be sold and bought at a given point in time. The BID price represents the maximum price that a buyer is willing to pay for the asset. The ASK price represents the minimum price that a seller is willing to receive for the asset. A trade or transaction occurs when the buyer and seller agree on a price for the asset. Note that the trader can SELL the currency pair without buying it first. This is due to the fact that by selling a currency pair the trader actually sells the base currency but he is buying the counter currency. The BID price is the price on which the users SELL the currency pair, while the ASK price is the price on which the users BUY it. For example: Currency pair EUR/USD

Bid

Ask

1.0853 1.0856

Spread This means that the end user can sell 1 euro for 1.0853 dollars or buy 1 euro for 1.0856 dollars. The difference in the BID/ASK of the currency pairs is referred to as the spread. An example would be EUR/USD dealing at 1.33800/1.33808 (in this case the spread is 0.8 pips or 0.00008). Every quote contains Bid and Ask so every quote has spread. The spread is not fixed and it can fluctuate during different market conditions.

Pips (Percentage in Points) Pip stands for Percentage in Points. Most of the currency pairs are quoted to 5 decimal places with the change from the 4th decimal place (0.0001) in price commonly referred to as a pip. For example, if the price of the EUR/USD forex pair moved from 1.33800 to 1.33925, it is said to have climbed by 12.5 pips (92.5-80=12.5).

Leverage Foreign exchange is a leveraged (or margined) product, which means that you are only required to deposit a small percentage of the full value of your position to place a forex trade. This means that the potential for profit, or loss, from an initial capital outlay is significantly higher than in traditional trading. Leverage starts from 1:2 and can reach up to 1:500.

Contract Size This is the value which is defined by the leverage value. It stands as quantity entities for the traded asset. For example, if you select 1/25 leverage and you invest 50$, the contract size will be 25x50 =1250. If you select 1/100 leverage and you invest 50$, the contract size will be 100x50 =5000.

How to Trade Real Forex as a User The information below shows the simple steps that a forex trader (user) should execute in order to trade Forex. The platform has a responsive design which displays different outlooks for the mobile, tablet and desktop devices.

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Mobile device;

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Tablet device;

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Desktop device;

To start trading, follow the procedure below: 1. Log on to your trading site. 2. Choose the Forex platform. 3. Choose between the two views - Box and List. o Box view - you can execute One Click Trading (described in step 5) and the boxes are bigger;

o

List view - you cannot execute One Click Trading, and the boxes are smaller;

The calculation of the spread number between the Bid and Ask rates is done using Point values instead of Pip values. The spread is displayed between the Buy

and Sell buttons:

4. Select the Asset you would like to trade. It can be currencies, commodities, indices, futures, stocks, crypto coins, crypto tokens, and favorites.

5. After you have selected the Asset (for example, Currencies), select the currency pair you would like to trade. For example, EUR/USD. o The green color shows that the price of the currency pair is rising; o The red color shows that the price of the currency pair is falling; o The arrow between the sell and buy tabs shows the spread, measured in Points; o You can also use the new Open Chart and Add to Favorites buttons, located next to the corresponding asset;

The locked quantity (down-left corner) means that the One Click Trading setting is OFF and you cannot execute a trade with one click, without opening an order ticket. Setting OFF means that you must open an order ticket in order to execute a trade.

The unlocked quantity (down-left corner) means that the One Click Trading setting is ON and you can select different quantity for your trade. Setting ON means that you can skip the market and pending orders and trade right away.

The default state of the One Click Trading setting is controlled per brand (account), so each brand can choose whether the default state would be On or Off. 6. Decide whether you would like to buy or sell: 1. If you think the price of the pair will raise, you BUY the asset (on ASK price). 2. If you think the price of the pair will go down, you SELL the asset (on BID price). 7. Then the site opens an order ticket, in which you can choose Market or Pending order; FOR THE MARKET ORDER:  Select Quantity from the Quantity drop-down list, or enter it manually, with one click in the Quantity field; Note: You cannot enter higher values, than the ones set in Max Quantity for the relevant asset in the Forex Asset Settings screen. If entered, there is a notification message displayed.  (Optional) Select the Take Profit checkbox (opens automatically the Stop Loss checkbox) and enter the desired values for Distance or Amount;  (Optional) Select the Order Info checkbox;

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Choose the Buy or Sell button.

When you hold down the relevant arrow (Take Profit and Stop Loss) the system changes the relevant value smoothly and increasing the speed. Also the Take Profit and Stop Loss checkboxes in the Order ticket are now independent. You can set them one by one separately. The market order is displayed in the Open Positions table. All Open Positions are sorted in ascending order by Order Date. For example, the last opened trade is displayed on the bottom.

The Open Positions table displays the following data:  Asset - the asset of the position (trade);  Quantity - the quantity of the trade;

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Direction - the direction of the trade (buy or sell); Rate - the rate on which the trade is executed (open rate); Market Rate - the current market rate; TP - the take profit rate (if any); SL - the stop loss of the trade (if any); Margin - the sum (margin) that is locked from your available balance; Result - the result you receive if you close the position now; You can close or modify the Open Position (trade) parameters. There are tooltips which facilitate you when you close or modify the position.

If you close it, you receive the (profit or loss) displayed in the Results column. Or the trade closes automatically when it reaches the Stop Loss rate. Or the trade closes automatically when it reaches the Take Profit rate. When a Margin Call occurs, the system starts to close positions from the most losing to the most profitable position. If you close it manually, there is a confirmation pop-up displayed, in which you need to confirm your action.

Note: If you have an opened position with a specific asset (for example, EUR/CHF) and then open a new market order ticket with the same asset, the Take Profit or Stop Loss are not displayed. You can only increase the quantity of your position or close part of it. If

you want to set the Take Profit or Stop Loss on your position you need to modify your opened position - either by double-click or using the Modify button.

1. FOR THE PENDING ORDER:  Select quantity from the Quantity drop-down list; or enter it manually, with one click in the Quantity field; Note: You cannot enter higher values, than the ones set in Max Quantity for the relevant asset in the Forex Asset Settings screen. If entered, there is a notification message displayed.  Choose between the Buy or Sell radio button;  Enter the value in the at price box, for which rate you would like a position (trade) to be open.  (Optional) Select the Take Profit checkbox (opens automatically the Stop Loss checkbox) and enter the desired values for Rate, Distance or Amount;  (Optional) Select the Order Info checkbox;  Review the Stop Loss, Take Profit, Margin, Swap and the PIP values.

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Choose the Place button.

The order is displayed in the Pending Orders table. All Pending Order are sorted in ascending order by Order Date. For example, the last opened order is displayed on the bottom.

The Pending Orders table displays the following data:  Asset - the asset of the order;  Quantity - the quantity of the order;  Direction - the direction of the order;  Rate - the rate for which a position (trade) will be opened;  Market Rate - the current asset market rate;

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Date - the date of placing the Pending Order; You can cancel or choose Modify Order the Pending Order parameters. There are tooltips which facilitate you when you cancel or modify the order.

If you decide to cancel a pending order, there is a confirmation pop-up in which you need to confirm your action.

Note: If you have an opened pending order with a specific asset (for example, Siemens) and then open a new pending order ticket with the same asset, the Take Profit or Stop Loss are not displayed. You can only increase the quantity of your position or close part of it. If you want to set the Take Profit or Stop Loss on your position, you need to modify your opened position - either by

double-click or using the Modify button.

8. You receive a pop up message, under your profile name, saying that the trade (or order) is executed successfully.

9. (Optional) You also have Close All Open Positions button and Cancel all Pending Orders button, so you can close all your open positions or cancel all your pending orders with one button click, after a confirmation pop-up, displayed below.

After the trade has been closed, you can review your trades in your User Profile -> You name -> My Trades. There are filters by assets, by time and by position ID.

All Closed Positions are sorted in descending order by Close Date or Expiry time. For example, the last closed/expired trade is displayed on the top.

The result table displays the following: o o o o o o o o o o o o

Position ID - displays the ID of the position; Several trades can have the same position ID; Trade ID - shows the trade ID Asset - shows the asset details and type, for example EUR/USD; Quantity - shows the quantity of the trade; Direction - shows the direction of the trade (buy, buy to close, sell, sell to close); Rate - shows the rate on which the trade was opened; Close Rate - shows the rate on which the trade was closed; Date - shows the date on which the trade was opened; Close Date - shows the date on which the trade was closed; Swap - shows the swap rate of the trade (if any); Result - shows the profit or loss of the trade; Copied From - shows who the trade was copied from;

Keep in mind that there is the same Setting button in My Trades as the ones in Open Positions and Pending Orders.

My trades has also a responsive design which displays different outlooks for the mobile, tablet and desktop devices. There is also a second Setting button, which allows you to select what to be displayed in the footer of your Forex traderoom. You can select from balance, profit, equity, margin and available balance.

Reviewing Additional End User Features for the Real Forex 

Now the end user have different quantity type in Real Forex, named Lot, so they do not need to use huge number of units. For example 1 lot can be equal to 100,000 units. This can be set in the TMS per brand, per group and per user level. For example, 1 quantity can be equal to one lot per asset, and 100 000 quantity can be equal to 1 lot per currency.

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Now the end users can type quantity less than 1, rounded to the second digit after the dot, in this way they can execute smaller positions. This can be done in the following places: o Asset list box view - quantity field; o Market Order ticket - quantity field;

o

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Pending order ticket - quantity field;

Now the minimum Take Profit and Stop Loss rates are equal to the spread + the distance. The spread is the difference between the ASK and BID rates, while the distance is set in the TMS. So far the rates were equal only to the distance. Real Forex end users have netting on different positions in the same asset. Netting means that when a user has multiple trades for one and the same asset, it will be merged and displayed into one position. This is visible in the Traderoom -> Open Positions and Traderoom -> My Trades. Real Forex end users can see the opened trades of the assets, even they are outside the trading hours (for example, the weekend). There is a new page with all the Swap Rates for every asset, with which you will be charged if you keep your trade for the next day. It displays the swap number for each asset, and whether if it is short or long position. You can view it from Trading Tools -> Trading Instruments. In order to keep your trade for the next day, you should pay the following fees. Each value represents the overnight fee per unit measure in counter currency (i.e. second currency).

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There are also new columns Swap in the Open and Closed trades The swap numbers in the Swap Page are displayed only for the available assets for the brand. Now brands have commissions when trading CFDs (Contract for difference, which is the difference between where a trade is entered and where is exited). The commission is paid once for entering the trade, and once when exiting the trade. There is a new column in the My Trades screen: