What is the Simple Dealing Rates Window?
The Simple Dealing Rates Window can be accessed by clicking the tab to the right of Advanced Dealing Rates. This window is an alternative to the Advanced Dealing Rates.
- The first column shows the Symbol that represents a currency pair. It is then followed by a Sell (bid) and Buy (ask). When a price flashes blue, it means a price has just moved higher. When a price flashes red, it represents a downward movement. Press on the “Buy” Price to place a long trade. Press on the “Sell” price to enter a short trade.
- Immediately following the Bid and Ask prices is the spread. The difference between the price at which you can buy a pair and the price at which you can sell a pair is called the spread.
- After the spread, you will see columns labelled High and Low. As their names imply, the rates indicated in these columns represent the Highest and Lowest prices the currency pair has hit during the current trading day.
- After the High and Low of the day, you can see the Rollover rates. Rollover is the interest paid or earned for holding a position overnight (past 5p.m EST). Each currency has an interest rate associated with it, and because forex is traded in pairs, every trade also involves two different interest rates. RollS is the Rollover received per 10k if you sell the currency pair and RollB is the rollover received per 10k if you buy the currency pair.
- Pip Cost is the amount you gain or lose per lot for every pip movement in that currency pair.
- Some account may have a Commission column and it provides the estimated cost to be charged for a one lot position round turn (open and close). The commission shown is per 1k. There is no commission for CFDs; the full price of the trade is factored into the spread.
- After the commission, you can view the MMR. This stands for Minimum Margin Requirement, or the margin value required per 1k to open a position.
- The final column in Simple Dealing Rates, labelled Time, shows the last time the exchange rate changed.