FAQs Archive | Page 2 of 2

Q: What is the economic calendar in forex trading?

It is a tool that shows scheduled economic events and data releases that affect currency markets.

Q: How many markets are on OnsaFX?

OnsaFx provides access to six different markets , including Forex Trading, Commodities Trading, Indices Trading, ETF CFDs, General CFD Trading, and Share CFDs. This variety allows traders to diversify their portfolios across multiple asset classes within a single platform.

Q: What time does the forex market open on sunday?

The forex market opens on Sunday at 5:00 PM EST (10:00 PM GMT) with the Sydney session. This marks the beginning of the global trading week, and market activity gradually increases as other financial centers like Tokyo, London, and New York open.

Q: What is spread in Forex Trading?

In Forex trading, the spread is the difference between the bid price (what buyers are willing to pay) and the ask price (what sellers are asking) for a currency pair. It represents the broker’s profit and is a key cost for traders when entering and exiting trades.

Q: What lot size is better for trading Forex markets on OnsaFX?

OnsaFx offers a minimum lot size of 0.01 across all account types, making it accessible for both beginner and experienced traders. The best lot size for you depends on your trading strategy, account balance, and risk tolerance. For new traders or those with smaller accounts, starting with a micro lot (0.01) is recommended to manage risk effectively. More experienced traders with higher capital and a solid risk management plan may choose larger lot sizes to maximize potential returns.

Q: What types of trading does OnsaFX have?

OnsaFx offers a wide range of trading options through CFD (Contract for Difference) instruments. These include Forex, Metals, Indices, Commodities, Futures, and Shares. All account types (Basic, Standard, Advanced, and Elite) provide access to these markets, allowing traders to diversify their portfolios across multiple asset classes. With flexible leverage options up to 1:500 and competitive spreads, OnsaFx caters to both beginner and experienced traders.