Help Center
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KlasFX , we are here to facilitate our customers’ experience and ensure that they have a smooth investment process. We’ve created this help page to help you. If you have any other questions, you can contact us.
Transactions
To open a transaction with KlasFX, log in to your account, select the financial instrument you want to trade, choose your trade size and direction (buy or sell), set your entry price, and execute the trade.
Trading hours on Sundays can vary depending on the financial instrument and market. Generally, forex trading begins on Sunday evening in the Asian session and continues until Friday evening in the New York session, with a brief pause for market participants to rest over the weekend.
The maximum leverage per instrument varies and depends on factors such as the type of financial instrument and regulatory requirements. For accurate information on maximum leverage per instrument with KlasFX, check the website or contact our customer support.
To calculate the profit or loss (P/L) per trade with KlasFX, you can use the following formula: P/L = (Closing Price – Opening Price) × Trade Size × Contract Size × (1 / Exchange Rate). This formula considers the difference between the closing and opening prices, the trade size, contract size, and exchange rate if applicable.
A SELL position, also known as short selling or going short, is a trading strategy where a trader sells a financial instrument with the expectation that its price will decrease in the future. In this scenario, the trader aims to profit from the declining value of the asset by buying it back at a lower price.
A Stop Loss is a risk management tool used in trading to automatically close a position at a predetermined price level to limit potential losses. With KlasFX, Stop Loss orders can be set through the trading platform to help traders manage their risk effectively.
To set up Take Profit with KlasFX, you can use the trading platform’s order management tools. Simply open a position, specify your desired Take Profit price level, and enter the amount of profit you aim to secure. Once set, the Take Profit order will automatically close the position when the market reaches the specified price level.
A margin call is a notification from a broker, such as KlasFX, to a trader when the trader’s account falls below the required margin level to maintain open positions. It typically prompts the trader to deposit additional funds or close out some positions to meet the margin requirements and avoid automatic liquidation of their positions.
Adding funds to open a position is necessary to meet the margin requirements set by the broker, such as KlasFX. These margin requirements ensure that traders have sufficient capital in their trading accounts to cover potential losses associated with their positions and adhere to regulatory standards.
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