Forex

Trading Hours

Digital Dreams Technologies Forex’s trading desk is open 24 hours daily from EST Sunday 19:00 to Friday 16:00 (Daylight Saving Time).

Currency Pairs

Digital Dreams Technologies Forex currently offers 24 hour trading in the following pairs: EUR/USD, USD/JPY,GBP/USD, USD/CHF, EUR/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP, EUR/JPY, GBP/JPY, GBP/CHF, CHF/JPY, EUR/CAD, AUD/CAD, AUD/JPY, NZD/JPY, GBP/CAD, EUR/AUD, CAD/CHF, CAD/JPY, AUD/CHF.

If you do not see the currency pair you would like to trade in the above list, please feel free to contact us about adding it to our portfolio.

In order to view all available currency pairs in the Market Watch window inside the Metatrader trading platform, just move your mouse cursor inside the Metatrader over the currency pairs located in the Market Watch window, right click your mouse on any of the currency pair symbols and select ‘Show All’ from the popup menu.

Price Quotes

Trades are quoted via transparent ‘Straight Through Processing’; live prices are continuously published to clients via our trading platform, and traders can at any time click on the current bid or offer and execute a market trade. Trades are executed via ‘Market Execution’ and the prices are updated automatically as market conditions dictate.

Trading over the Internet

Digital Dreams Technologies offers its clients a simple procedure for executing a trade. Through our trading platform, just enter the number of lots and then click on the bid (buy) or offer (sell) for the currency pair you wish to trade. Your trade is automatically executed. The trading software calculates the initial margin requirement based upon the notional amount of the trade, and if sufficient funds are available in your account, will accept the transaction. Trades are confirmed online, normally within one second, and the system instantaneously updates both your open position and calculates your current P and L.

Rollovers

Digital Dreams Technologies clients have the opportunity to earn interest on positions left open overnight at all margin levels. The amount of interest that can be earned depends on the direction of the open position and the interest rate differential between the two currencies involved. For example, UK interest rates are significantly higher than Japan’s, so if a trader is long GBP/JPY (i.e. holding British Pounds), they can earn interest on the roll. Conversely, if a trader is short GBP/JPY (i.e. holding yen) they will pay interest on the rollover.

Confirmations

Trades are confirmed on screen, typically within one second. Full transaction details may be accessed on screen as well, including date, time, rate, and notional amount bought and sold, USD value, and reference number.

Reporting

The trading software tracks all trading activity in real time, allowing clients to view current open positions, real-time profit and loss, margin availability, account balances, and all historical transaction details directly on-screen.

Account Statements

Customer account statements are provided online in the ‘Account History’ section of the trading platform. Reports may be generated for any date range, and printed or saved for future reference. For more information on the available reports, please access the ‘Help’ tab on the Metatrader trading platform.

Forex Trading Example

Selling EUR/USD

Opening the Position

The price of the EURO against the US Dollar (EUR/USD) is 1.33623/1.33624, you decide to sell 2 standard lots (the equivalent of €200,000) at 1.33623.

The value of your position is €200,000 x 1.33623 = USD $267,246. The leverage on your trading account is 1:100 therefore the margin required to open the position is USD $267,246 / 100 = USD $2,672.46.

Closing the Position

One week later the EURO has fallen against the US Dollar to 1.32128/1.32129, you decide to take your profit by buying back 2 standard lots at 1.32129.

The gross profit on your trade is calculated as follows:

It is important to note that whist your position remains open, each night your account will be debited or credited the swap rate. The swap is expressed in pips and is the difference between the interest paid to borrow the currency that is being sold and the interest received from holding the currency that is bought.

In order to calculate the net profit on this trade your will need to include any swap charges, you may also need to include any commission charges if they are payable. You should be aware that if the market had moved in the opposite direction, you would have made a loss that could have exceeded your initial deposit.