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Trading Basics

What are your trading hours?

Friedberg Directs trading hours vary by product. For Forex, trading opens on Sundays between 5:00 PM ET and 5:15 PM ET and closes on Fridays around 4:55…

Where can I view Friedberg Direct's up-to-date margin requirements?

For every instrument traded on the Trading Station platform, Initial/Maintenance Margin Requirement denoted as [MMR] is displayed in the [MMR] column of…

What leverage do you recommend?

As a general rule of thumb, we recommend limiting total account leverage to a maximum of 10:1. For example, if you have an account balance of $10,000, you…

Why does Friedberg Direct encourage lower leverage?

When you use excessive leverage, a few losing trades can quickly offset many winning trades. To clearly see how this can happen, consider the following…

What is usable margin?

Usable Margin: is the amount of account equity that is currently not being used to maintain open positions. Usable Margin should be thought of as two…

What are your typical spreads?

Friedberg Direct spreads are extremely low due to healthy competition in our vast network of global banks, financial institutions and other market makers…

Why does my trade execution price not match what I'm seeing on the chart?

The times on your statement are in UTC. You can change the time zone on your charts to UTC by clicking on System, Options, and General Trading. Edit the…

How do I avoid a margin call?

A Margin Call will occur on a trader's account when: Usable Margin is less than 0 When a trader's Equity is less than Used MarginWhen…

What is margin?

Margin can be thought of as a good faith deposit to maintain open positions. This is not a fee or a transaction cost, it is simply a portion of your…

Why did my trade open/close, I do not see my price level was reached?

With any financial product, there is a price to Buy and a price to Sell. When verifying if a trade should have triggered it’s important to make sure…

How do orders execute over the weekend?

If the requested price of a stop or stop entry order is reached at the open of the market on Sunday, the order will be filled at the next available price…

What is my Execution Type?

To see your account execution, Log onto MyFXCM with your account log-in details.Click on "Account Statement".In the notes section (at the bottom…

What platform is right for me?

Friedberg Direct offers several account types to meet your trading needs including mobile trading, automated trading, or Mac-compatible platforms.…

What is slippage and why does it happen?

Slippage is a factor when trading any financial market.   Slippage occurs when the market gaps over prices or because available liquidity at a given…

Why trade on margin?

Trading on Margin (Trading with Leverage*) is a common attraction of the forex market. It allows you to open trades that are larger than the capital in…

Where can I monitor my available margin?

The usable margin column in the accounts window of the Trading Station shows the amount of funds you have remaining in your account to open new positions…

Why did my trade open/close?

At the top of your trading platform click on the Report button to view your Combined Account Statement. On the statement the “Condition" column…