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What else can I help you with?
Where can one obtain a USDJPY currency quote?
Many online websites provide currency converters such as the largest one, XE and others such as Yahoo Finance and Google Finance. To get a more accurate conversion go into your local bank and enquire how much they are selling/buying the currency for.
Definition of the CVIX currency index?
CVIX Index: It is an weighted average of the 3M implied volatility across 9 major pairs of currencies. the various currency pairs are assigned various weightages with EURUSD having 36% and USDJPY having 22% weightages. It signfies investor expectation of future volatility. Hope this helps Arun
What does leverage mean in forex trading?
Leverage or gearing refers to how much capital (performance bond) the trader must put up to hold a contract (buy / sell position). The higher the available leverage, the smaller amount of up-front capital required to control the asset.Take a house for example. Say the house costs $200,000. If you had all $200,000 liquid cash available, you could buy the house outright. This would be 1:1 leverage. $200,000 cost and $200,000 put down to pay for the cost.200,000 / 200,000 = 1/1 or 1:1 leverage.But let's say you do not h ave or do not wish to tie up $200k in the house. So you talk to a bank and they offer you amortgageloan with $20,000 down payment. The total cost is $200,000 but you only have to put up $20,000 to "control" the house. 20,000 / 200,000 = 1 / 10 or 1:10 leverage.A similar concept holds in forex. to buy a standard lot contract of USDJPY ($100,000) would normally cost $100,000 for you to hold with 1:1 leverage. With 1:10 leverage, the trader would have to put up $10,000 to hold the $100k position. with 1:100 leverage, $1,000 is required per $100k.Leverage gives the asset holder more buying power. It gives you the ability to manage assets that are valued much higher than the up-front capital required to purchase the asset outright.
