Your Key Trading Queries Answered

‍Is a Stop Loss Required?

• A stop loss is not mandatory during the evaluation phase or with your master account, but it is highly advised for effective risk management.
• While optional, a stop loss helps protect your trades by automatically closing positions when a loss reaches a set threshold, promoting responsible trading practices.

What is Slippage and Why Does It Happen?

• Slippage occurs when the execution price of a trade differs from the expected price.
• This typically happens during volatile market conditions, such as major economic news releases, where prices move rapidly and execution becomes less predictable.

What Does "Market Rollover" Mean?

• Rollover involves moving an open position from one trading day to the next by closing it at the end of one trading day and reopening it at the next day’s starting price.
• This is done automatically, but traders may experience price fluctuations and wider spreads, especially in the forex market. Rollover happens at the close of the New York session (5 pm ET), with triple rollover rates on Wednesdays and Fridays for certain markets.

What Are Swap Rates & Overnight Fees?

• Swap rates refer to fees incurred for holding a position overnight or across trading sessions. To access swap rates and contract sizes, click "info" and "details" for the currency pair of interest.
• These fees are typically applied automatically when positions are carried overnight, and they can vary depending on the currency pair and market dynamics.

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