MetaTrader Four is a widely acclaimed trading software utilized by Nostrobank, which combined with our professionalism and know-how, results the ultimate Forex trading place on the web. Trading can be done from any mobile phone or computer, which gives you a lot of freedom and flexibility.
Easy to use, globally acclaimed and incredibly functional, the platform is constantly being improved and upgraded, making sure that the trader has the most up-to-date support.
Here are some of the pluses:
Making your investments highly liquid, processing every order swiftly and providing perfect support and relevant market conditions are just few of the other benefits.
The definition of Forex is the trading of currencies against one another.
The trading happens in pairs of currencies. One currency is quoted against the other. Here`s an example, if the USD/GBP rate is 0.66, then the meaning of this is that 1 American dollar is worth 0.66 British Pounds. The purpose of Forex is to decide whether the American Dollar will increase its value compared to the British Pound. If this is true, then the investor should purchase USD/GBP.
If the value changes and drops, let`s say from 0.66 to 0.64, this would mean that the position of the US Dollar has worsened. But if the rate goes from 0.66 to 0.69, then this in turn would mean that the US Dollar is doing well and has increased its value against the Pound. You will surely see the terms “short” and “long” a lot. “Long” in this case refers to the US Dollar and “Short” refers to the British Pound, because the GBP is expressed as its value in USD.
Another important phrase you should know is “The Majors”, which refers the leading currency pairs worldwide – AUD/USD, USD/JPY, EUR/USD, USD/CAD, USD/CHF and GBP/USD. Notice how every pair has the US Dollar in it. The phrase “Cross Pairs” serves in cases when a pair does not have the US Dollar in it.
Forex doesn`t feature an actual physical swapping of currency. Instead, it`s all made in digital transactions via the internet. This means that it is a market of speculation, as well as the largest financial exchange point. Rough estimations say that more than 4 trillion dollars are being exchanged on a daily basis in markets all around the world. The assets have different types – forward, future, currency exchange and others.
The Forex exchange works throughout the whole work week, 24 hours a day, with the exception of weekends.
You can learn much more vital Forex information at the Nostrobank learning center.