FX, more commonly known as Forex or Foreign exchange, is the biggest and most traded market in the world, where global currencies are bought and sold with an average turnover of more than $5 trillion per day. Forex is traded 24 hours a day, 5 days a week and unlike other financial markets, there is no centralized marketplace for it. As a result, the Forex market attracts many traders, beginners and experienced alike.
FX trading with the BistCapital platform is very simple and involves buying one currency pair and simultaneously selling another. After you log in to your trading account, you are prompted with a click of a button into the trading platform, where you can select a variety of currency pairs, such as majors, minors or exotic. Once chosen, all that’s left to do is enter the amount you wish to BUY or SELL, set the stop loss and take profit parameters (optional) and click the Invest button. The same principle also applies to CFDs.
The base currency (also called the transaction currency) is the currency against which the exchange rate is quoted. As a rule, it will always be the first currency of any pair. For instance, in GBP/USD, the base currency is GBP.
The quote currency (also called the secondary currency) is the second currency quoted in a currency pair. For instance, in GBP/USD, the quote currency is USD.
The answer is no. There is absolutely no need for any previous experience in order to start trading Forex with BistCapital.
The maximum leverage that we offer currently stands at X200.
A strike price reflects the entry level market price for an underlying asset when a position is executed.
The returns on a successful investment at BistCapital may vary and depend on market movements. You can follow this formula to get an idea as to how returns on successful investments are calculated: (Closing Rate-Opening Rate) x (Closing {quote}/{home currency}) x Units.
The difference between traditional trading and forex trading is primarily regarded to their acquisition, or better yet, lack of acquisition. Traditional trading (such as stocks trading) has to go through stock exchanges, whereas forex trading does not involve any acquisition, just pure trading.
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Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. Therefore you should not invest money that you cannot afford to lose. There are also risks associated with utilizing an Internet-based trade execution software application including, but not limited to, the failure of hardware and software.
Margined Forex and CFD trading are leveraged products and may not be suitable for everyone and you should ensure that you understand the risks involved and take care to manage your exposure. Please think carefully about whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimize their level of exposure by requesting a change in leverage limit. For more information please refer to Bistcapital Risk Disclosure.
When acquiring our CFD or derivative products you have no entitlement, right, or obligation to the underlying financial asset. Bistcapital is not a financial adviser and all services are provided on an execution-only basis. Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any Bistcapital products or services and obtain independent professional advice as necessary.
Any analysis, opinion, commentary, or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation, or solicitation to buy or sell. Any indication of past performance or simulated past performance included in advertisements published by Bistcapital is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at Bistcapital. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks if you are at all unsure.
The information on this site is not directed at residents of Afghanistan, Belarus, Belgium, Belize, China, Côte d’Ivoire, Cuba, Democratic Republic of the Congo, Dominican Republic, United States, Guyana, Hungary, Iceland, India, Indonesia, Iran, Iraq, Laos, Latvia, Lebanon, Libya, Lithuania, Mauritius, Moldova, Myanmar (Burma), Nigeria, North Korea, Pakistan, Palestine, Papua New Guinea, Republic of Macedonia (FYROM), Republic of the Congo, Russia, Rwanda, Serbia, Slovenia, Somalia, Syria, The Bahamas, Tunisia, Venezuela, Yemen, Zimbabwe and is not intended for use by any person in any jurisdiction where such use would be contrary to local law or regulation. Telephone calls and online chat conversations may be recorded and monitored. Tax treatment depends on the individual circumstances for each client. Tax law can change or may differ in each jurisdiction.
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Bist-capital.com operates under Ceuda Investments Ltd., as payment agent, authorized and regulated by the Laws of the Republic of Cyprus, with registration number HE 390261. Ceuda Investments Ltd., is registered address at Gladstonos 116 M. Kyprianou House 3&4 floor, Limassol, Cyprus.
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