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Risk Warning Notice

Please read carefully

Foreign Exchange and Commodities trading are high risk and not suitable for everyone.  You should carefully consider your investment objectives, level of experience and risk appetite before making a decision to trade with us.  Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any off-exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of the markets that you are trading.

Risk Warning

Margin and leverage

To open a leveraged CFD or forex trade you will need to deposit money with us as margin.  Margin is typically a relatively small proportion of the overall contract value.  For example a contract trading on leverage of 100:1 will require margin of just 1% of the contract value.  This means that a small price movement in the underlying will result in large movement in the value of your trade – this can work in your favour, or result in substantial losses.

Your may lose your initial deposit and be required to deposit additional margin in order to maintain your position.  If you fail to meet any margin requirement your position will be liquidated and you will be responsible for any resulting losses.

Market commentary

Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. Ocean Global Market Ltd is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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Application Test

  • 1. A _________ is equal to 0.01 for exchange rates expressed to two decimal places, or 0.0001 for exchange rates expressed to four decimal places.
  • 2. A _________ is used by most forex brokers to close out an open position at the end of the business day, and reopen an identical position as of the next day.
  • 3. A carry trade is based on the interest rate differential between two currencies. The idea is to hold _________ the currency with the higher interest rate, while holding _________ a currency with a lower interest rate.
  • 4. If you have positive carry, your position _________ money while it is open, but if you have negative carry, you must _________ interest while the position is open.
  • 5. "Trading on the technicals" refers to trading based on information derived from _________. This is also known as technical analysis.
  • 6. "Trading on the fundamentals" - or "trading the news" - describes traders that attempt to predict the effect _________ such as interest rate changes and labor reports will have on an exchange rate.
  • 7. Fundamental analysis is the study of _________ in an attempt to predict future market conditions.
  • 8. A _________ order is executed immediately when submitted and is priced at the current spot market rate.
  • 9. A _________ order is an order to buy or sell a currency, but only when certain conditions are met. These conditions are in the form of instructions and are attached when the order is first created.
  • 10. A limit order that has not yet been executed, is said to be _________.