Traders are concerned about the employment situation in the US. They expect the level of actual non-farm payrolls to come in worse than economist estimates.
You expect that the US dollar will weaken and the British pound will strengthen against the US dollar, and decide to buy (go long) £10,000 on GBP/USD at 1.6288.
The trade size is in units of the first, or base, currency in the pair. For this trade, you choose a leverage scale of 50:1.
This requires an initial deposit of (£10,000*1.6288/50) $325.76. Find out more about Leverage.
You expect that the US dollar will weaken and the British pound will strengthen against the US dollar, and decide to buy (go long) £10,000 on GBP/USD at 1.6288.
The trade size is in units of the first, or base, currency in the pair. For this trade, you choose a leverage scale of 50:1.
This requires an initial deposit of (£10,000*1.6288/50) $325.76. Find out more about Leverage.
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