In the world of currency trading, leverage has become so common that traders tend to forget the risks involved in leveraged trading – after all, it means investing money that you don’t have!
Today, we are happy to updated you that on Sunday, 16/08/2015, we will enable trading on all currency pairs available at eToro with 1×1 leverage (or no leverage in other words).
This will enable you to invest in currencies using only your funds, with no added risk factor due to leverage.
How will this work?
Just like any common foreign exchange transaction.
For example, if the EUR/USD buy rate is 1.1000 and you decide to invest $1000 in a long position, you will effectively buy 910 Euro for the price of 1000 USD.
The minimum amount for a currency position will remain $25, even with 1X1 leverage.
Happy trading everyone!Note: Past performance is not an indication of future results. This post is not investment advice. CFD trading bears risk to your capital.