CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.
When you trade in the forex market, you buy or sell in currency pairs. These pairs are divided into Major Currency Pairs, Cross-Currency Pairs & Exotic Currency Pairs. The major pairs are the most liquid and widely traded currency pairs.
In terms of trading volume, the USD/JPY is one of the most popular traded currency pairs. Based on BIS Triennial Central Bank Survey 2016, EUR/USD are responsible for 23.1% & USD/JPY 17.8% of total OTC foreign exchange turnover.
A the time of writing, the high / low price for the month for USD/JPY was 114.95 and 111.59, this means that USD/JPY had moved 336 pips on this month, and looking back to the last 3 month, the movement was: January 2017: 653 pips December 2016: 578 pips, November 2016: 1334 pips. This suggests that the currency pair is a volatile currency which day traders prefer, as they make/lose money when the market moves.
Factors that influence the currency pair include: economic climate, political issues that happen in USA & Japan. Because USD/JPY is known as a safe haven pair, they are affected by political & economical issues of other major countries, like what happened with Brexit on June 2016, the USD/JPY moved over 1180 pips as a results of political decisions in the UK.
Traders with smaller account sizes, trading Forex using an online forex broker is one of the most popular methods. With a forex broker like AvaTrade, you will be able to maximize a smaller account size using leverage up to 1:400 and get access to over 60 forex pairs. With a broker like AvaTrade, traders receive the added benefit of charting & news feeds, education on money management and how to trade.
AvaTrade also offer their clients various platforms to choose from including the popular MT4 platform.
The Trading conditions available for some of the major pairs with AvaTrade are:
|Instrument||Min Spread (Pips)||Typical Spread* (Pips)||Leverage||Margin||Minimum Trade|
*All information collected from www.avatrade.com, see website for full terms and conditions. Your capital is at risk. Last updated on March 6th, 2017.
Forex.com scored best in our review of the top brokers for trading usd/jpy , which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:
Forex.com offers one way to tradeForex . If you wanted to trade USDJPY
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
Forex.com have a AAA trust score . This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19
|Regulated by||Financial Conduct Authority|
|Uses tier 1 banks|
|Segregates client funds|
Want to see how Forex.com? We’ve compared their spreads, features, and key information below.
|USD/JPY Spread||0.90||DAX Spread||250.0|
|FTSE 100 Spread||150.0|
|Platform||MT4, Web Trader, NinjaTrader, Tablet & Mobile apps|
|Base currency options||USD, GBP, EUR|
|Funding options||Bank transfer, Cheque, DebitCard,|