WHAT IS FOREX
Forex – FOReign EXchange – is an interbank foreign exchange market. Foreign exchange rates started floating freely in the 1970s. At first, only banks could make money. However, brokers gradually emerged as the Internet evolved. Today, anyone can become an online FX trader.
All of us have, at some point in our lives, bought foreign currency and tried to predict when it could be sold profitably. Same situation obtains with the Forex market. Trading is done in currency pairs, where you buy one currency with another, but the rates change every second, and you can transact constantly and make huge profit.
Brokers play a key role in trading. Through margin trading, brokers are able to give traders additional amounts that can be used in trading. Such a system is called leverage. The market works 24/7.
TRADING CONDITIONS FOR A SUCCESSFUL START
| DEMO | FIX-STANDARD | PRO-STANDARD | Professional | PRO Bitcoin | |
|---|---|---|---|---|---|
| Trading platform | MetaTrader4 | MetaTrader4 | MetaTrader4 | MetaTrader4 | MetaTrader4 |
| Account currency | USD, EUR, RUB, USDT | USD, EUR, RUB, USDT | USD, EUR, RUB, USDT | USD, EUR, RUB, USDT | MBT = 0.001 BTC |
| Minimum deposit | None | None | None | None | 0.001 BTC |
| Commission for US$1,000,000 in turnover | None | None | None | None | None |
| Execution mode | Market Execution | Instant Execution | Market Execution | Market Execution | Market Execution |
| Spread | floating | fixed | floating | floating | floating |
| min 1 pip | min 2 pip | min 1 pip | min 1 pip | min 1 pip | |
| Quotation | expanded | base | expanded | expanded | expanded |
| (5 digits after the decimal point) | (4 digits after the decimal point) | (5 digits after the decimal point) | (5 digits after the decimal point) | (5 digits after the decimal point) | |
| Maximum leverage | 1:200 | 1:200 | 1:200 | 1:200 | 1:200 |
| Minimum order (lot) size | 0,01 | 0,01 | 0,01 | 1 | 0,01 |
| Maximum volume of the order (lots) | 100 | 100 | 100 | 100 | 100 |
| Maximum order (lot) size | 100 | None | None | None | 100 |
| Minimum step volume | 0,01 | 0,01 | 0,01 | 1 | 0,01 |
| Stop Out | 20% | 20% | 20% | 20% | 20% |
| Deposit/withdrawal commission | 1% | 1% | 1% | 1% | 1% |
| Swap-Free account | No | Yes | Yes | Yes | No |
| ACCESS TO EXPERT ADVISORS | Yes | Yes | Yes | Yes | Yes |
HOW TO START MAKING MONEY ON FOREX
- Open a trading account It takes you no more than 5 minutes. Open account
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