At ICM we continuously strive to offer services that support you when trading with us. That includes our Pip Calculator which helps you to calculate the value of a pip depending on the currency pair and the lot size of your transaction.
You will also find a Pivot Calculator which is simple to use and designed to calculate pivot points in only a few seconds. In addition, you can access our Economic Calendar to help you to track the occurrence of market-moving events. You can use the Trading Signals feature on the MT4 platform which helps you subscribe to the signal feeds of other traders also using the system.
GMT+1 | Currency | Event | Actual | Forecast | Previous | Imp. |
---|---|---|---|---|---|---|
00:01 | GBP | Rightmove House Price Index (MoM) | 1.1% | 1.5% | ||
02:15 | CNY | China Loan Prime Rate 5Y (Apr) | 3.95% | 3.95% | 3.95% | |
02:15 | CNY | PBoC Loan Prime Rate | 3.45% | 3.45% | 3.45% | |
04:00 | NZD | Credit Card Spending (YoY) (Mar) | 1.4% | 2.1% | ||
05:00 | IDR | Export Growth (YoY) (Mar) | -4.19% | -9.60% | ||
05:00 | IDR | Import Growth (YoY) (Mar) | -12.76% | 15.84% | ||
05:00 | IDR | Trade Balance (Mar) | 4.47B | 0.83B | ||
08:00 | CHF | M3 Money Supply (Mar) | 1,136.9B | 1,131.5B | ||
10:00 | EUR | Government Budget to GDP | -3.6% | -3.7% | ||
10:00 | EUR | Government Debt to GDP | 88.6% | 90.8% | ||
11:00 | EUR | German Buba Monthly Report | ||||
11:00 | EUR | Eurogroup Meetings | ||||
11:10 | GBP | Rightmove House Price Index (YoY) (Apr) | 1.7% | 0.8% | ||
12:25 | BRL | BCB Focus Market Readout | ||||
13:00 | MXN | Economic Activity (YoY) (Feb) | 4.40% | 1.90% | ||
13:00 | MXN | Economic Activity (MoM) (Feb) | 1.40% | -0.90% | ||
13:30 | USD | Chicago Fed National Activity (Mar) | 0.15 | 0.09 | 0.09 | |
13:30 | CAD | IPPI (YoY) (Mar) | -0.5% | -1.4% | ||
13:30 | CAD | IPPI (MoM) (Mar) | 0.8% | 0.8% | 1.1% | |
13:30 | CAD | New Housing Price Index (MoM) (Mar) | 0.0% | 0.1% | 0.1% | |
13:30 | CAD | RMPI (YoY) (Mar) | 0.8% | -4.7% | ||
13:30 | CAD | RMPI (MoM) (Mar) | 4.7% | 2.9% | 2.1% | |
14:00 | EUR | French 12-Month BTF Auction | 3.474% | 3.471% | ||
14:00 | EUR | French 3-Month BTF Auction | 3.825% | 3.814% | ||
14:00 | EUR | French 6-Month BTF Auction | 3.710% | 3.706% | ||
15:00 | EUR | Consumer Confidence (Apr) | -14.7 | -14.0 | -14.9 | |
16:30 | USD | 3-Month Bill Auction | 5.255% | 5.250% | ||
16:30 | USD | 6-Month Bill Auction | 5.160% | 5.155% | ||
16:30 | EUR | ECB President Lagarde Speaks | ||||
22:00 | KRW | PPI (YoY) (Mar) | 1.6% | 1.5% | ||
22:00 | KRW | PPI (MoM) (Mar) | 0.2% | 0.3% |
GMT+1 | Currency | Event | Actual | Forecast | Previous | Imp. |
---|---|---|---|---|---|---|
00:00 | AUD | Judo Bank Australia Manufacturing PMI (Apr) | 49.9 | 47.3 | ||
00:00 | AUD | Judo Bank Australia Services PMI (Apr) | 54.2 | 54.4 | ||
01:30 | JPY | au Jibun Bank Japan Manufacturing PMI (Apr) | 49.9 | 48.0 | 48.2 | |
01:30 | JPY | au Jibun Bank Japan Services PMI | 54.6 | 54.1 | ||
04:35 | JPY | 2-Year JGB Auction | 0.303% | 0.187% | ||
06:00 | INR | HSBC India Manufacturing PMI | 59.1 | 59.1 | ||
06:00 | INR | HSBC India Services PMI | 61.7 | 61.2 | ||
06:00 | JPY | BoJ Core CPI (YoY) | 2.2% | 2.3% | ||
06:00 | SGD | Core CPI (YoY) (Mar) | 3.10% | 3.60% | ||
06:00 | SGD | CPI (MoM) (Mar) | -0.10% | 1.10% | ||
06:00 | SGD | CPI (YoY) (Mar) | 2.7% | 3.1% | 3.4% | |
07:00 | GBP | Public Sector Net Borrowing (Mar) | 11.02B | 8.90B | 8.60B | |
07:00 | GBP | Public Sector Net Cash Requirement (Mar) | 20.739B | 3.236B | ||
08:00 | ZAR | Leading Indicators (Feb) | 112.80% | 110.80% | ||
08:15 | EUR | HCOB France Manufacturing PMI (Apr) | 44.9 | 46.9 | 46.2 | |
08:15 | EUR | HCOB France Composite PMI (Apr) | 49.9 | 48.3 | ||
08:15 | EUR | HCOB France Services PMI (Apr) | 50.5 | 48.9 | 48.3 | |
08:30 | EUR | HCOB Germany Composite PMI (Apr) | 50.5 | 48.6 | 47.7 | |
08:30 | EUR | HCOB Germany Manufacturing PMI (Apr) | 42.2 | 42.8 | 41.9 | |
08:30 | EUR | HCOB Germany Services PMI (Apr) | 53.3 | 50.6 | 50.1 | |
09:00 | GBP | MPC Member Haskel Speaks | ||||
09:00 | EUR | HCOB Eurozone Manufacturing PMI (Apr) | 45.6 | 46.5 | 46.1 | |
09:00 | EUR | HCOB Eurozone Composite PMI (Apr) | 51.4 | 50.8 | 50.3 | |
09:00 | EUR | HCOB Eurozone Services PMI (Apr) | 52.9 | 51.8 | 51.5 | |
09:15 | EUR | ECB Supervisory Board Member Fernandez-Bollo Speaks | ||||
09:30 | GBP | S&P Global/CIPS UK Composite PMI | 54.0 | 52.8 | ||
09:30 | GBP | S&P Global/CIPS UK Manufacturing PMI | 48.7 | 50.3 | 50.3 | |
09:30 | GBP | S&P Global/CIPS UK Services PMI | 54.9 | 53.0 | 53.1 | |
09:30 | HKD | CPI (MoM) (Mar) | 0.00% | 0.40% | ||
09:30 | HKD | CPI (YoY) (Mar) | 2.00% | 2.10% | ||
10:25 | EUR | Italian 2-Year CTZ Auction | 3.420% | 3.310% | ||
10:45 | EUR | German 2-Year Schatz Auction | 2.910% | 2.840% | ||
11:00 | EUR | Eurogroup Meetings | ||||
12:15 | GBP | BoE MPC Member Pill Speaks | ||||
12:30 | USD | Building Permits | 1.467M | 1.458M | 1.524M | |
12:30 | USD | Building Permits (MoM) | -3.7% | -4.3% | 2.4% | |
12:30 | EUR | German Buba President Nagel Speaks | ||||
13:55 | USD | Redbook (YoY) | 5.3% | 4.9% | ||
14:45 | USD | S&P Global US Manufacturing PMI (Apr) | 49.9 | 52.0 | 51.9 | |
14:45 | USD | S&P Global Composite PMI (Apr) | 50.9 | 52.1 | ||
14:45 | USD | S&P Global Services PMI (Apr) | 50.9 | 52.0 | 51.7 | |
15:00 | USD | New Home Sales (MoM) (Mar) | 8.8% | -5.1% | ||
15:00 | USD | New Home Sales (Mar) | 693K | 668K | 637K | |
15:00 | USD | Richmond Manufacturing Index (Apr) | -7 | -7 | -11 | |
15:00 | USD | Richmond Manufacturing Shipments (Apr) | -10 | -14 | ||
15:00 | USD | Richmond Services Index (Apr) | -13 | -7 | ||
17:00 | ZAR | SARB Monetary Policy Review | ||||
18:00 | USD | 2-Year Note Auction | 4.898% | 4.595% | ||
21:30 | USD | API Weekly Crude Oil Stock | -3.230M | 1.800M | 4.090M | |
22:00 | KRW | Consumer Confidence (Apr) | 100.7 | 100.7 | ||
23:45 | NZD | Exports (Mar) | 5.89B | |||
23:45 | NZD | Imports (Mar) | 6.11B | |||
23:45 | NZD | Trade Balance (MoM) (Mar) | -505M | -218M | ||
23:45 | NZD | Trade Balance (YoY) (Mar) | -11,990M |
GMT+1 | Currency | Event | Actual | Forecast | Previous | Imp. |
---|---|---|---|---|---|---|
00:50 | JPY | Corporate Services Price Index (CSPI) (YoY) | 2.1% | 2.1% | ||
02:30 | AUD | CPI (QoQ) (Q1) | 0.8% | 0.6% | ||
02:30 | AUD | CPI (YoY) (Q1) | 3.4% | 4.1% | ||
02:30 | AUD | CPI Index Number (Q1) | 136.10 | |||
02:30 | AUD | Trimmed Mean CPI (QoQ) (Q1) | 0.8% | 0.8% | ||
02:30 | AUD | Trimmed Mean CPI (YoY) (Q1) | 3.8% | 4.2% | ||
02:30 | AUD | Monthly CPI Indicator (YoY) (Mar) | 3.40% | 3.40% | ||
02:30 | AUD | Weighted mean CPI (YoY) (Q1) | 4.1% | 4.4% | ||
02:30 | AUD | Weighted mean CPI (QoQ) (Q1) | 0.9% | 0.9% | ||
08:00 | EUR | German Buba President Nagel Speaks | ||||
08:20 | IDR | Loans (YoY) (Mar) | 11.28% | |||
08:30 | IDR | Interest Rate Decision | 6.00% | 6.00% | ||
08:30 | IDR | Deposit Facility Rate (Apr) | 5.25% | 5.25% | ||
08:30 | IDR | Lending Facility Rate (Apr) | 6.75% | 6.75% | ||
09:00 | EUR | Italian Business Confidence (Apr) | 88.6 | |||
09:00 | EUR | Italian Consumer Confidence (Apr) | 96.9 | 96.5 | ||
09:00 | CHF | ZEW Expectations (Apr) | 11.5 | |||
09:00 | EUR | German Business Expectations (Apr) | 88.9 | 87.5 | ||
09:00 | EUR | German Current Assessment (Apr) | 88.7 | 88.1 | ||
09:00 | EUR | German Ifo Business Climate Index (Apr) | 88.9 | 87.8 | ||
09:15 | EUR | ECB Supervisory Board Member Tuominen Speaks | ||||
10:10 | EUR | Italian 6-Month BOT Auction | 3.765% | |||
10:30 | EUR | German 10-Year Bund Auction | 2.380% | |||
10:30 | EUR | German Buba President Nagel Speaks | ||||
11:00 | GBP | CBI Industrial Trends Orders (Apr) | -18 | |||
11:00 | GBP | CBI Industrial Trends Orders (Apr) | -16 | -18 | ||
11:00 | BRL | FGV Consumer confidence (Apr) | 91.3 | |||
11:00 | EUR | Eurogroup Meetings | ||||
12:00 | USD | MBA 30-Year Mortgage Rate | 7.13% | |||
12:00 | USD | MBA Mortgage Applications (WoW) | 3.3% | |||
12:00 | USD | MBA Purchase Index | 145.6 | |||
12:00 | USD | Mortgage Market Index | 202.1 | |||
12:00 | USD | Mortgage Refinance Index | 500.7 | |||
13:00 | MXN | 1st Half-Month Core CPI (Apr) | 0.16% | 0.33% | ||
13:00 | MXN | 1st Half-Month CPI (Apr) | -0.03% | 0.27% | ||
13:30 | USD | Core Durable Goods Orders (MoM) (Mar) | 0.3% | 0.3% | ||
13:30 | USD | Durable Goods Orders (MoM) (Mar) | 2.5% | 1.3% | ||
13:30 | USD | Durables Excluding Defense (MoM) (Mar) | 2.1% | |||
13:30 | USD | Goods Orders Non Defense Ex Air (MoM) (Mar) | 0.2% | 0.7% | ||
13:30 | CAD | Core Retail Sales (MoM) (Feb) | 0.0% | 0.5% | ||
13:30 | CAD | Retail Sales (MoM) (Feb) | 0.1% | -0.3% | ||
13:30 | CAD | Wholesale Sales (MoM) | 0.0% | |||
14:15 | EUR | ECB McCaul Speaks | ||||
15:00 | EUR | ECB's Schnabel Speaks | ||||
15:30 | USD | Crude Oil Inventories | 1.700M | 2.735M | ||
15:30 | USD | EIA Refinery Crude Runs (WoW) | 0.131M | |||
15:30 | USD | Crude Oil Imports | -1.991M | |||
15:30 | USD | Cushing Crude Oil Inventories | 0.033M | |||
15:30 | USD | Distillate Fuel Production | -0.038M | |||
15:30 | USD | EIA Weekly Distillates Stocks | -0.900M | -2.760M | ||
15:30 | USD | Gasoline Production | -0.025M | |||
15:30 | USD | Heating Oil Stockpiles | -0.714M | |||
15:30 | USD | EIA Weekly Refinery Utilization Rates (WoW) | -0.2% | |||
15:30 | USD | Gasoline Inventories | -1.400M | -1.154M | ||
17:30 | USD | Atlanta Fed GDPNow (Q1) | 2.9% | 2.9% | ||
18:00 | USD | 5-Year Note Auction | 4.235% | |||
18:30 | CAD | BOC Summary of Deliberations | ||||
18:30 | BRL | Foreign Exchange Flows | 1.962B | |||
22:00 | KRW | Manufacturing BSI Index (May) | 74 |
GMT+1 | Currency | Event | Actual | Forecast | Previous | Imp. |
---|---|---|---|---|---|---|
00:00 | KRW | GDP (YoY) (Q1) | 2.4% | 2.2% | ||
00:00 | KRW | GDP (QoQ) (Q1) | 0.6% | 0.6% | ||
00:50 | JPY | Foreign Bonds Buying | -1,005.9B | |||
00:50 | JPY | Foreign Investments in Japanese Stocks | 1,740.0B | |||
05:00 | IDR | M2 Money Supply (YoY) (Mar) | 5.30% | |||
06:00 | JPY | Coincident Indicator (MoM) | -1.2% | |||
06:00 | JPY | Leading Index (MoM) | 2.3% | -0.4% | ||
06:00 | JPY | Leading Index | 111.8 | 109.5 | ||
07:00 | EUR | GfK German Consumer Climate (May) | -25.9 | -27.4 | ||
07:00 | NOK | Unemployment Rate (Mar) | 3.6% | |||
07:45 | EUR | French Business Survey (Apr) | 102 | |||
08:00 | EUR | Spanish PPI (YoY) | -8.2% | |||
08:00 | EUR | ECB's Schnabel Speaks | ||||
09:00 | EUR | ECB Economic Bulletin | ||||
09:30 | HKD | Exports (MoM) (Mar) | -0.8% | |||
09:30 | HKD | Imports (MoM) (Mar) | -1.8% | |||
09:30 | HKD | Trade Balance | -41.7B | |||
10:30 | ZAR | PPI (MoM) (Mar) | 0.5% | |||
10:30 | ZAR | PPI (YoY) (Mar) | 4.5% | |||
11:00 | GBP | CBI Distributive Trades Survey (Apr) | 5 | 2 | ||
11:00 | EUR | France Jobseekers Total | 2,811.9K | |||
12:30 | BRL | Current Account (USD) (Mar) | -4.37B | |||
12:30 | BRL | Foreign direct investment (USD) (Mar) | 5.01B | |||
13:00 | BRL | BCB National Monetary Council Meeting | ||||
13:30 | USD | Continuing Jobless Claims | 1,812K | |||
13:30 | USD | Core PCE Prices (Q1) | 2.00% | |||
13:30 | USD | GDP (QoQ) (Q1) | 2.5% | 3.4% | ||
13:30 | USD | GDP Price Index (QoQ) (Q1) | 3.0% | 1.7% | ||
13:30 | USD | GDP Sales (Q1) | 3.9% | |||
13:30 | USD | Goods Trade Balance (Mar) | -91.20B | -91.84B | ||
13:30 | USD | Initial Jobless Claims | 215K | 212K | ||
13:30 | USD | Jobless Claims 4-Week Avg. | 214.50K | |||
13:30 | USD | PCE Prices (Q1) | 1.8% | |||
13:30 | USD | Real Consumer Spending (Q1) | 2.8% | 3.3% | ||
13:30 | USD | Retail Inventories Ex Auto (Mar) | 0.4% | |||
13:30 | USD | Wholesale Inventories (MoM) | 0.2% | 0.5% | ||
13:30 | CAD | Average Weekly Earnings (YoY) (Feb) | 3.90% | |||
14:30 | BRL | Federal Tax Revenue | 186.50B | |||
15:00 | USD | Pending Home Sales (MoM) (Mar) | 0.9% | 1.6% | ||
15:00 | USD | Pending Home Sales Index (Mar) | 75.6 | |||
15:30 | USD | Natural Gas Storage | 50B | |||
16:00 | USD | KC Fed Composite Index (Apr) | -7 | |||
16:00 | USD | KC Fed Manufacturing Index (Apr) | -9 | |||
16:15 | EUR | German Buba President Nagel Speaks | ||||
16:30 | USD | 4-Week Bill Auction | 5.280% | |||
16:30 | USD | 8-Week Bill Auction | 5.275% | |||
16:45 | EUR | German Buba Mauderer Speaks | ||||
18:00 | USD | 7-Year Note Auction | 4.185% | |||
18:30 | BRL | Foreign Exchange Flows | 1.962B | |||
21:30 | USD | Fed's Balance Sheet | 7,406B | |||
21:30 | USD | Reserve Balances with Federal Reserve Banks | 3.330T |
GMT+1 | Currency | Event | Actual | Forecast | Previous | Imp. |
---|---|---|---|---|---|---|
00:01 | GBP | GfK Consumer Confidence (Apr) | -20 | -21 | ||
00:30 | JPY | CPI Tokyo Ex Food & Energy (YoY) (Apr) | 2.7% | 2.9% | ||
00:30 | JPY | Tokyo Core CPI (YoY) (Apr) | 2.2% | 2.4% | ||
00:30 | JPY | Tokyo CPI (YoY) (Apr) | 2.6% | 2.6% | ||
00:30 | JPY | CPI Tokyo Ex Food and Energy (MoM) (Apr) | 0.2% | |||
01:30 | SGD | URA Property Index (QoQ) | 1.50% | |||
02:30 | AUD | Export Price Index (QoQ) (Q1) | 5.6% | |||
02:30 | AUD | Import Price Index (QoQ) (Q1) | 0.1% | 1.1% | ||
02:30 | AUD | PPI (YoY) (Q1) | 4.1% | |||
02:30 | AUD | PPI (QoQ) (Q1) | 0.9% | |||
03:30 | JPY | BoJ Monetary Policy Statement | ||||
03:30 | JPY | BoJ Outlook Report (YoY) | ||||
04:00 | JPY | BoJ Interest Rate Decision | 0.10% | |||
06:00 | SGD | Industrial Production (MoM) (Mar) | -8.8% | 14.2% | ||
06:00 | SGD | Industrial Production (YoY) (Mar) | -1.5% | 3.8% | ||
07:00 | NOK | Core Retail Sales (MoM) (Mar) | 0.1% | |||
07:30 | JPY | BoJ Press Conference | ||||
07:45 | EUR | French Consumer Confidence (Apr) | 91 | |||
08:00 | EUR | Spanish Retail Sales (YoY) (Mar) | 1.9% | |||
08:00 | EUR | Spanish Unemployment Rate (Q1) | 11.70% | 11.76% | ||
09:00 | CHF | SNB Board Member Jordan Speaks | ||||
09:00 | EUR | ECB's De Guindos Speaks | ||||
09:00 | EUR | M3 Money Supply (YoY) (Mar) | 0.5% | 0.4% | ||
09:00 | EUR | Loans to Non Financial Corporations (Mar) | 0.4% | |||
09:00 | EUR | Private Sector Loans (YoY) | 0.3% | 0.3% | ||
12:30 | INR | FX Reserves, USD | 643.16B | |||
12:30 | BRL | Bank lending (MoM) (Mar) | 0.2% | |||
13:00 | MXN | Trade Balance (Mar) | -0.585B | |||
13:00 | MXN | Trade Balance (USD) (Mar) | -1.610B | |||
13:00 | MXN | Unemployment Rate (Mar) | 2.60% | |||
13:00 | MXN | Unemployment Rate n.s.a. (Mar) | 2.50% | |||
13:00 | BRL | Mid-Month CPI (YoY) (Apr) | 4.14% | |||
13:00 | BRL | Mid-Month CPI (MoM) (Apr) | 0.36% | |||
13:30 | USD | Core PCE Price Index (YoY) (Mar) | 2.6% | 2.8% | ||
13:30 | USD | Core PCE Price Index (MoM) (Mar) | 0.3% | 0.3% | ||
13:30 | USD | PCE Price index (YoY) (Mar) | 2.6% | 2.5% | ||
13:30 | USD | PCE price index (MoM) (Mar) | 0.3% | 0.3% | ||
13:30 | USD | Personal Income (MoM) (Mar) | 0.5% | 0.3% | ||
13:30 | USD | Personal Spending (MoM) (Mar) | 0.6% | 0.8% | ||
13:30 | USD | Real Personal Consumption (MoM) (Mar) | 0.4% | |||
13:30 | CAD | Manufacturing Sales (MoM) | 0.7% | |||
14:00 | USD | Dallas Fed PCE (Mar) | 3.40% | |||
15:00 | USD | Michigan 1-Year Inflation Expectations (Apr) | 3.1% | 2.9% | ||
15:00 | USD | Michigan 5-Year Inflation Expectations (Apr) | 3.0% | 2.8% | ||
15:00 | USD | Michigan Consumer Expectations (Apr) | 77.0 | 77.4 | ||
15:00 | USD | Michigan Consumer Sentiment (Apr) | 77.8 | 79.4 | ||
15:00 | USD | Michigan Current Conditions (Apr) | 79.3 | 82.5 | ||
16:00 | CAD | Budget Balance (YoY) (Feb) | -25.70B | |||
16:00 | CAD | Budget Balance (Feb) | -2.10B | |||
17:30 | USD | Atlanta Fed GDPNow | ||||
18:00 | USD | U.S. Baker Hughes Oil Rig Count | 511 | |||
18:00 | USD | U.S. Baker Hughes Total Rig Count | 619 | |||
18:00 | BRL | CAGED Net Payroll Jobs | 306.11K | |||
20:30 | GBP | CFTC GBP speculative net positions | 8.6K | |||
20:30 | USD | CFTC Aluminium speculative net positions | 1.0K | |||
20:30 | USD | CFTC Copper speculative net positions | 47.6K | |||
20:30 | USD | CFTC Corn speculative net positions | -204.9K | |||
20:30 | USD | CFTC Crude Oil speculative net positions | 290.5K | |||
20:30 | USD | CFTC Gold speculative net positions | 201.9K | |||
20:30 | USD | CFTC Nasdaq 100 speculative net positions | 8.5K | |||
20:30 | USD | CFTC Natural Gas speculative net positions | -131.9K | |||
20:30 | USD | CFTC S&P 500 speculative net positions | 74.1K | |||
20:30 | USD | CFTC Silver speculative net positions | 53.4K | |||
20:30 | USD | CFTC Soybeans speculative net positions | -171.9K | |||
20:30 | USD | CFTC Wheat speculative net positions | -62.9K | |||
20:30 | CAD | CFTC CAD speculative net positions | -82.8K | |||
20:30 | MXN | CFTC MXN speculative net positions | 127.7K | |||
20:30 | CHF | CFTC CHF speculative net positions | -36.2K | |||
20:30 | AUD | CFTC AUD speculative net positions | -101.1K | |||
20:30 | BRL | CFTC BRL speculative net positions | 0.9K | |||
20:30 | JPY | CFTC JPY speculative net positions | -165.6K | |||
20:30 | NZD | CFTC NZD speculative net positions | -11.7K | |||
20:30 | EUR | CFTC EUR speculative net positions | 12.2K |
GMT+1 | Currency | Event | Actual | Forecast | Previous | Imp. |
---|---|---|---|---|---|---|
02:30 | CNY | Chinese Industrial profit YTD (Mar) | 10.2% |
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A pip is the minimum fluctuation of the instrument being priced. At ICM we have introduced 5 digit quotes to allow our clients to benefit from smaller price increments and moves in the market. For instance, Instead of quoting prices with 4 digits, i.e EURUSD 1.3151/1.3153, we quote the pair at a lower spread of 1.3 as 1.31508/1.31524.
A forex lot is the amount of currency you buy or sell. For example, if you wish to trade $100,000, this is the size of the trade. A forex lot is a representation of trade size in a different format. In this example, a standard lot would represent 100,000 of any currency.
EUR 100,000 = 1 standard lot Euro
ICM offers leverage of 1:200. However, while you can earn profits by using leverage, it can also work against investors. For example, if the currency underlying one of your trades moves against you, leverage will greatly amplify the potential losses. To help reduce the chances of such a scenario occurring, forex traders typically implement a trading style that includes the use of stop and limit orders.
To assist with accuracy, please ensure the numbers entered are in the required format and include the correct amount of digits. For example, if EUR/USD is quoted at 5 digits instead of 4.
Incorrect format: 1.3151/1.3153
Correct format: 1.31508/1.31524
In order to calculate the pivot point you must take the Open, High, Low and Close price located in the MetaTrader 4 platform, by using the 'Crosshair' (the + sign in the top left hand corner) and moving it over the chart.
A trailing stop causes the level of the stop loss to trail the price level of a buy or sell position. Using a specified algorithm, a trailing stop enables traders to maintain their open position and continue to achieve positive results as long as the price moves in their favoured direction. Once trailing stops have been fixed they do not have to be altered manually, unlike a stop loss.
When a trailing stop order is being placed, ensure the MetaTrader 4 client terminal is running and that your device is connected to the internet, as it will only remain active when you are online. Once the trading platform is closed, your trailing stop order will be deactivated, and your stop loss order will remain active if placed before the trailing stop.
If you are new to forex trading, micro lots are an ideal way for you to enter a fast-moving and exciting market with a daily turnover of over $5 trillion a day. In forex trading, the minimum contract size for a micro account is 0.01 of a lot, which is equal to 1,000 units of the base currency.
At ICM, every trader is treated equally irrespective of their deposit size, and we offer this type of trading to all clients, while also being available on both our demo and live MT4 platforms.
We are always looking for new ways to improve your trading environment and offer the highest standards of service. If you have any questions please feel free to get in touch with our Client Services team.
Advanced ICM traders also have the option to use trading signals. Simply register here as a ‘Seller’ by completing the registration form. Once complete, you can sell signals to thousands of subscribers around the world. Please note, while there are no registration costs involved, it will take 30 days for your trade history to be reviewed by MetaQuotes before a fee can be added to your service.
Please read our helpful user guide on becoming a signal provider: User guide
The MetaQuotes software ensures each trade features a digital signature that prevents the trade from being copied incorrectly. Trades triggered by a provider’s signal are duplicated on the subscriber’s account to reflect the money management rules used by the signal provider. Signal providers are paid a fixed monthly subscription fee.
Generally, if a signal provider has performed 100 or more trades it can be viewed as an active account. Clients should be aware of the drawdown percentage, with anything lower than 30% thought to be ideal.
Following signal providers with a steady growth rate is also advisable. However, if the growth rate reaches a high point in a short space of time, they could be trading in a high-risk manner. Finally, you may find that paid signals are more reliable in the long run. If you choose to follow a signal provider who charges a fee to receive their signal, you can have confidence the signal provider has used the 30 day trial period and has subsequently been verified by MetaQuotes, a process all traders must go through if they wish to charge for their signals.
To manage risks treat each one as an individual trade and ensure parameters are also set to mitigate potential risk. Develop a strategy to decide how much of your account will be dedicated to each signal provider. Also ensure the strategy contains an exit plan along with rules of when you will stop tracking each signal.
Disclaimer
MetaQuotes Software Corp. is a respected third party software development company however the information provided should not be considered as trading advice. ICM provides the opportunity for clients to follow trading signals to support clients in their trades, however each Signal Provider should be independently evaluated. ICM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
cAlgo (cTrader Automate) is an algorithmic trading solution natively integrated with cTrader, working seamlessly alongside all other functionalities of the platform. Traders can build automated trading robots and custom indicators in C# language using the cTrader API, all built from a platform equipped with the tools needed to effectively back test and optimise trading strategies.