FXTM information and reviews
FXTM
93%
OctaFX information and reviews
OctaFX
91%
FXCC information and reviews
FXCC
90%
Libertex information and reviews
Libertex
89%
FxPro information and reviews
FxPro
88%
HotForex information and reviews
HotForex
87%

FXCM Forex Baskets: a great way to speculate on volatile instruments


11 May 2021

Trade Yen, USD and emerging markets indices. Speculate on volatile instruments, while lowering the risk of exposure to just one currency. 

The index basket

The Dow Jones FXCM Dollar Index Basket (USDOLLAR) was developed by traders for traders allowing you to take advantage of US Dollar appreciation or depreciation with precise tracking and maximum liquidity.

The index basket is designed to be as easy to understand as it is to trade. It reflects the change in value of the US dollar measured against a basket of the most liquid currencies in the world.

The Dow Jones FXCM Dollar Index began on January 1, 2011, at a value of 10,000. It represents an equivalent $10,000 position in each of the currencies that make it up. It rises when the Dollar rises against the Euro, the British Pound, and the Australian Dollar and falls as the Dollar depreciates compared to these currencies.

JPYbasket – the yen index

The JPYBasket ("Yen Index") is a Japanese Yen benchmark and is designed to reflect the change in value of the JPY against a basket of major world currencies. The Index was developed by FXCM.

The JPYBasket began on January 2, 2019, with a rate of 10,000. It represents an equivalent ¥200,000 position in each of the currencies that make up its components for a total starting value of ¥1,000,000.

It rises when the Yen strengthens against the US Dollar, Euro, the British Pound, Canadian Dollar and the Australian Dollar and falls as the Yen weakens compared to these currencies. In order for the Index to have a starting value of 10.000, the JPY basket uses divisor of 100. For example, if you Buy 1 contract and subsequently the Yen strengthens and the Index rate increases from 10,100 to 10,101, you will earn exactly 100JPY for every point change (or equivalent value in your account denomination).

Embasket – the emerging markets index

The EMBasket ("Emerging Markets Index") is an Emerging Markets benchmark and is designed to reflect the change in value of the USD against a basket of minor world currencies. The Index was developed by FXCM. The EMBasket began on January 2, 2019, with a value of 10,000.

It represents an equivalent $2,500 position in each of the currencies that make it up. It rises when these currencies strengthen against the US Dollar and lowers as they weaken.

The EMBasket is a great way to speculate on often volatile instruments while lowering the risk of taking exposure on just one currency.

#source

Share:


Related

CWTrader Terminal - The most flexible multi-asset trading platform
CWTrader Terminal - The most flexible multi-asset trading platform

With a vast range of indicators, market orders and asset classes, CWTrader offers to the professional trader with everything needed to invest...

18 Jan 2022

RoboForex Received 3 Awards at the Traders Union Awards 2021
RoboForex Received 3 Awards at the Traders Union Awards 2021

RoboForex, an international broker, received 3 awards at once within the frameworks of Traders Union Awards 2021. The company was recognised as the best in the following...

18 Jan 2022

New powerful VPS servers for AMarkets clients
New powerful VPS servers for AMarkets clients

We are pleased to announce that new powerful VPS servers that can simultaneously support 4–8 MetaTrader terminals are now available to AMarkets clients

17 Jan 2022

CommerceWealth a solid option for all investors
CommerceWealth a solid option for all investors

At CommerceWealth we take hard efforts to enrich your trading experience. As a world-wide, 5 star graded company, our client’s satisfaction is in the core of our focus...

12 Jan 2022

Tools Every Trader Needs: FBS Trader app & MetaTrader
Tools Every Trader Needs: FBS Trader app & MetaTrader

MetaTrader & FBS Trader app are two essential tools that every trader should use. Don’t rely only on one, use the power of both as they suit different trader needs. In short...

10 Jan 2022

XM features in global conference on how to trade in an uncertain world
XM features in global conference on how to trade in an uncertain world

One of the key aspects to being a successful trader is understanding how geopolitical events affect the global market. Over the years, XM has been dedicated...

7 Jan 2022


Editors' Picks

XM information and reviews
XM
86%
FXCM information and reviews
FXCM
85%
AvaTrade information and reviews
AvaTrade
84%
LegacyFX information and reviews
LegacyFX
83%
FP Markets information and reviews
FP Markets
82%
FreshForex information and reviews
FreshForex
81%

© 2006-2022 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.