Forex Trading

GoDo trading hours vary by product. For forex, trading opens on Sundays between 5:00 PM ET and 5:15 PM ET and closes on Fridays around 4:55 PM ET.

Margin is the amount of money needed as a “good faith deposit” to open a position with your broker.

Margin is the amount of money that a trader needs to put forward to open a trade. When trading forex on margin, you only need to pay a percentage of the full value of the position to open a trade.

Margin is one of the most important concepts to understand when it comes to leveraged forex trading. Margin is not a transaction cost.

For example, In forex to control a $100,000 position, your broker will set aside $1,000 from your account. Your leverage, which is expressed in ratios, is now 100:1. You’re now controlling $100,000 with $1,000.

The $1,000 deposit is “margin” you had to give to use leverage.

Margin is used by your broker to maintain your position. Your broker basically takes your margin deposit and pools them with everyone else’s margin deposits and uses this one “super margin deposit” to be able to place trades within the interbank network.

Margin is usually expressed as a percentage of the full amount of the position. For example, most forex brokers say they require 2%, 1%, 0.5% or 0.25% margin.

Based on the margin required by your broker, you can calculate the maximum leverage you can wield with your trading account. If your broker requires 2% margin, you have a leverage of 50:1.

Aside from “margin requirement”, you will probably see other “margin” terms in your MT4 trading platform

Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world’s currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

We pride ourselves in offering excellent forex trading experience in the market. With GoDO, you not only gain access to the top currency pairs, but also the tools and support you need to navigate the world’s largest market.

Trading Hours

GoDo’s trading hours vary by product. For forex, trading opens on Sundays between 5:00 PM ET and 5:15 PM ET and closes on Fridays around 4:55 PM ET.

Margin Requirements

Margin Requirements may differ depending on account type and can be viewed in the specification of each symbol in MT4 Marketwatch window.

Spreads

GoDo offers competitive spreads on our currency pairs and CFD instruments. Active Traders can get deep discounts on spread costs based on the volume traded.

Spreads are variable and average spreads and available pairs can be found in contract specification in Trading Products tab.

Rollover is the interest paid or earned for holding a position overnight. Each currency has an overnight interest rate associated with it, and because forex is traded in pairs, every trade involves not only two different currencies, but their two different interest rates.

Overnight interest rates will guide whether the trader will ultimately pay to hold the position or earn interest. Typically, these interbank rates will track a central bank’s target quite closely, however sharp changes in the supply or demand for a specific currency can shift interbank borrowing rates away from the central bank rates.

Typically, if the interest rate on the currency you bought is higher than the interest rate of the currency you sold, then you will earn rollover (positive roll). If the interest rate on the currency you bought is lower than the interest rate on the currency you sold, then you will pay rollover (negative roll).

It is possible however that both rollover for buying and selling the same pair are negative. As both Banks and GoDo charge a small spread on interest paid or earned.

Any client holding an open position at the end of the trading day (5pm EST) will be credited or debited rollover.

Rollover can add a significant extra cost or profit to your trade. Upcoming Rollover can be viewed in the MT4 terminal each symbol right click specification.

The MT4 terminal automatically calculates and reports all rollover or swap for you.

Yes. In addition to our policy of transparency in reporting rollover, due to the average notional trading volume that GoDo generates to the liquidity providers it deals with, GoDo is able to pass to its clients’ attractive rollover rates on both sides of every currency pair. Liquidity providers include global banks, financial institutions, prime brokers and other market makers.

There are limit to size of position on each trade which can be seen in MT4 terminal symbol specification but there not any limits to the number of Forex positions that a trader may hold.