WITH YOU EVERY STEP OF THE WAY
FREQUENTLY ASKED QUESTIONS
GENERAL
Questions regarding trading, courses and about Diversit-e Smart Trade College in general.
WHO CAN I CONTACT IF I’M STUCK?
CAN YOU GUIDE ME WITH SAFETY NETS?
ARE ATTENDING COURSE CLASSES COMPULSORY?
DO YOU OFFER CRYPTO CURRENCIES?
WHAT TIME IS THE JSE OPEN?
WHAT IS THE MINIMUM AMOUNT YOU NEED TO START TRADING THROUGH WITH?
You may start funding your trading account with as little as $10 until you have reached $250 which is the minimum amount to start executing live trades. Start small, build in time, end big!
WHY SHOULD I CHOOSE SMART TRADE COLLEGE?
HOW DO I KNOW THIS WILL ACTUALLY WORK?
HOW LONG WILL IT TAKE TO MAKE BACK MY INITIAL OUTLAY?
WHAT RARE METALS CAN I TRADE WITH?
HOW LONG HAS DIVERSIT-E SMART TRADE COLLEGE BEEN OPERATING?
WHAT IS YOUR COMPANY TRADING HOURS?
ARE THE COURSES ACCREDITED?
HOW DO I BECOME A TRADING SPECIALIST?
SHOULD I REGISTER NOW?
WHAT IS THE RISK?
YOU DON’T HAVE TIME?
CAN DIVERSIT-E SMART TRADE COLLEGE PUT IN TRADES ON MY BEHALF IF I’M NOT AT MY COMPUTER OR TABLET?
HOW DO YOU CALCULATE THE PRICE OF ONE POINT?
pair(i.e. USD/JPY).
The price of one point is calculated by multiplying the order volume with the minimal change in the exchange rate (0.0001) and dividing it by the current quotation of the currency pair. Formula: Order Volume × Minimal Change in the Exchange Rate / Current Quotation Example: You have an order for 2 lots, USD/JPY is 105.810. The price of a single point is 0.00000189 USD.
The price of one point is calculated by multiplying the order volume with minimal change in the exchange rate (0.0001). Formula: Order Volume × Minimal Change in the Exchange Rate Example: You have an order for 2 lot. The price of a single point is 0.0002 USD.
The price of one point is calculated by multiplying the order volume with the minimal change in the exchange rate (0.0001), then by the current quotation of the base pair to USD and divided by the current quotation of the currency pair during the opening of the position. Formula: Order Volume × Minimal Change in the Exchange Rate × Base Currency Exchange Rate to USD / Current Quotation Example: You have an order for 2 lots, the EUR/USD is 1.12000, and EUR/JPY is 118.700. The price of a single point is 0.000001887 USD.
The price of one point is calculated by multiplying the order volume with minimal change in the exchange rate (0.0001). Formula: Order volume × Minimal Change in the Exchange Rate Example: You have an order for 2 lot. The price of a single point is 0.0002 USD.
The price of one point is calculated by multiplying the order volume with the minimal change in the exchange rate (0.00001) and multiplying by the current quotation. Formula: Order Volume × Minimal Change in the Exchange Rate / Current Quotation Example: You have an order for 2 BTC and the quotation for BTC/USD is 11,753.41 USD. The price of a single point would be 2 USD × 0.00001 / 11,753.41 = 0.000000002 USD.
The price of one point is calculated by multiplying the order volume with the minimal change in the exchange rate (0.00001) and dividing it twice: by the current quotation of the base pair to USD and by the current quotation of the currency pair during the opening of the position. Formula: Order Volume × Minimal Change in the Exchange Rate × Base Currency Exchange Rate to USD / Current Quotation Example: You have an order for 0.1 lot of ETH/LTC, ETH/LTC is 2.47229 and ETH/USD is 226.57780. The price of a single point would be 0.1 × 0.00001 × 226.57780 / 2.47229 = 0.000091647 USD.
The price of one point is calculated by multiplying the contract volume with minimal change in the exchange rate (0.00001). The contract size is 10 contracts multiplied by your order size. Formula: Contract Size × Minimal Change in the Exchange Rate Example: You have an order for 2 lots. The price of a single point would be 2 × 10 × 0.00001 = 0.0002 EUR.
Note:
The minimal change in the exchange rate can be different, depending on your account type and the chosen trading instrument. You can see the values for all account types at Contract Specifications page, as “Tick size”.
Different indices are calculated with different margin currencies. You can see the currencies for all indices using the Contract Specifications feature of MetaTrader 4. To do so, click with the right mouse button at the trading instrument in Market Overview and select Contract Specifications.
DISCLAIMER & NOTICE: The answers are for educational purposes only and not financial- and or investment advice. Trading can be very risky. Never trade with money you cannot afford to lose. Always seek the advice of our preferred regulated FSCA Broker and or a regulated FSCA Financial Advisor.
Your Trading Account FAQ's
Frequently asked questions regarding your trading account, the setup thereof and how it works
Forex Trading FAQ's
Frequently asked questions about the Forex Market and Forex Trading
A currency pair consists of a base currency and a quote currency (or counter currency). It’s a way to display and price one currency against another. Currency pairs are conventionally shown as two abbreviated currency names, separated by a slash. For example, with the “EUR/USD” currency pair, the euro (EUR) is the base currency and U.S. dollar (USD) is the quote currency.
A “PIP” (percentage in points) is the term used in the Forex market to represent the smallest incremental move an exchange rate can make. For example, if an exchange rate was previously 1.2510 and increased by one pip, the exchange rate will be 1.2511.
The spread is the difference between the bid and the ask price. The bid is the price in the market that a Buyer will pay, and the ask is the price a Seller is willing to accept. For example, the USD/JPY bid/ask spread is 110.00 / 110.02. Currency pairs that are less actively traded have wider spreads.
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.
DISCLAIMER & NOTICE: The answers are for educational purposes only and not financial- and or investment advice. Trading can be very risky. Never trade with money you cannot afford to lose. Always seek the advice of our preferred regulated FSCA Broker and or a regulated FSCA Financial Advisor.
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