Forex stands for ‘Foreign Exchange’. It is simply the trading of one currency against another.
When producers in one country sell their product, they demand the price in their local currency. This prompts the buyers to exchange their own currency with the currency of the producer. The price on which the transaction is made is called the Exchange Rate.
Governments, Central Banks, Financial institutions, Corporates, and Individuals all trade currencies in one way or another, as part of their day-to-day life. The Forex market is, by far, the largest of all financial instruments by size and volume of trade. However, trading Forex is not only used to purchase goods and services, individuals also trade to preserve their wealth by converting it to a more stable currency, or simply to speculate on the performance of currencies against each other to make financial gains.
Opening an account with 4T is made simple, there are a few steps to complete online and a couple of documents to verify your identity and country of residence. Once complete, you will receive credentials to access 4T trading platform from your desktop, laptops and handheld devices.
4T offers spot currency trading in the form of CFDs, which allow you to instantly participate in the market and enter buy or sell positions with the ease of a click. You have access to many indicator tools and order types to help you manage your position in real-time.
There is no need to open multiple accounts in different currencies. You can trade and 4T will automatically convert your trading outcome to the currency of your account. You can access all your open positions and previous transaction instantly on the terminal at you request.
4T allows you to trade many FX crosses using leverage to maximise your trading opportunity. We allow clients to take a long (buy) or short (sell) position in our currencies giving you the flexibility to profit from falling and raising markets.
Trading this product with 4T allows our clients the convenience to immediately shift their funds to trade all types of financial instruments, such as Crypto currencies, precious metals and equities and more under one platform.
4T allows you to use in built risk management tools to automatically collect your profits or limit your losses via dynamic order types without needing constantly monitor the markets.
Instrument Name |
Trade Symbol |
Current Price |
Contract Size |
Leverage up-to |
Trading Hours |
|
---|---|---|---|---|---|---|
Euro/United States Dollar | EURUSD | $$auto $$ | 100,000 EUR | 1:300 | From Sunday 21:00 to Friday 20:59 GMT | |
United States Dollar / Japanese Yen | USDJPY | $$auto $$ | 100,000 EUR | 1:300 | From Sunday 21:00 to Friday 20:59 GMT | |
Great Britain Pound / US Dollar | GBPUSD | $$auto $$ | 100,000 EUR | 1:300 | From Sunday 21:00 to Friday 20:59 GMT | |
US Dollar / Canadian Dollar | USDCAD | $$auto $$ | 100,000 EUR | 1:300 | From Sunday 21:00 to Friday 20:59 GMT | |
US Dollar / Swiss Franc | USDCHF | $$auto $$ | 100,000 EUR | 1:300 | From Sunday 21:00 to Friday 20:59 GMT | |
Australian Dollar / US Dollar | AUDUSD | $$auto $$ | 100,000 EUR | 1:300 | From Sunday 21:00 to Friday 20:59 GMT | |
New Zealand Dollar / US Dollar | NZDUSD | $$auto $$ | 100,000 EUR | 1:300 | From Sunday 21:00 to Friday 20:59 GMT | |
New Zealand Dollar / US Dollar | NZDUSD | $$auto $$ | 100,000 EUR | 1:300 | From Sunday 21:00 to Friday 20:59 GMT | |
Australian Dollar / Canadian Dollar | AUDCAD | $$auto $$ | 100,000 EUR | 1:300 | From Sunday 21:00 to Friday 20:59 GMT | |
Great Britain Pound / Japanese Yen | GBPJPY | $$auto $$ | 100,000 EUR | 1:300 | From Sunday 21:00 to Friday 20:59 GMT |
.show
class.