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.
4T allows you to use in-built risk management tools to automatically collect your profits or limit your losses with dynamic order types.
Clients can take comfort in their positions without constantly monitoring the markets.
TRADE SYMBOL |
NAME | CONTRACT SIZE |
PIP POSITION |
PIP VALUE |
ForexLEVERAGE UP-TO |
Open (GMT) |
Close (GMT) |
---|---|---|---|---|---|---|---|
EURUSD | Euro vs US Dollar | 100,000 | 0.0001 | 10 USD | 1:25 | Sunday 22:00 | Friday 22:00 |
GBPUSD | British Pound vs US Dollar | 100,000 | 0.0001 | 10 USD | 1:25 | Sunday 22:00 | Friday 22:00 |
NZDUSD | New Zealand Dollar vs US Dollar | 100,000 | 0.0001 | 10 USD | 1:25 | Sunday 22:00 | Friday 22:00 |
AUDUSD | Australian Dollar vs US Dollar | 100,000 | 0.0001 | 10 USD | 1:25 | Sunday 22:00 | Friday 22:00 |
USDJPY | US Dollar vs Japanese Yen | 100,000 | 0.01 | 1000 JPY | 1:25 | Sunday 22:00 | Friday 22:00 |
USDCAD | US Dollar vs Canadian Dollar | 100,000 | 0.0001 | 10 CAD | 1:25 | Sunday 22:00 | Friday 22:00 |
USDCHF | US Dollar vs Swiss Franc | 100,000 | 0.0001 | 10 CHF | 1:25 | Sunday 22:00 | Friday 22:00 |
EURJPY | Euro vs British Pound | 100,000 | 0.0001 | 10 GBP | 1:25 | Sunday 22:00 | Friday 22:00 |
EURGBP | Euro vs Japanese Yen | 100,000 | 0.01 | 1000 JPY | 1:25 | Sunday 22:00 | Friday 22:00 |
EURCHF | Euro vs Swiss Franc | 100,000 | 0.0001 | 10 CHF | 1:25 | Sunday 22:00 | Friday 22:00 |
EURNZD | Euro vs New Zealand Dollar | 100,000 | 0.0001 | 10 NZD | 1:25 | Sunday 22:00 | Friday 22:00 |
EURCAD | Euro vs Canadian Dollar | 100,000 | 0.0001 | 10 CAD | 1:25 | Sunday 22:00 | Friday 22:00 |
EURAUD | Euro vs Australian Dolar | 100,000 | 0.0001 | 10 AUD | 1:25 | Sunday 22:00 | Friday 22:00 |
EURSEK | Euro vs Swedish Krona | 100,000 | 0.0001 | 10 SEK | 1:25 | Sunday 22:00 | Friday 22:00 |
GBPNZD | British Pound vs New Zealand Dollar | 100,000 | 0.0001 | 10 NZD | 1:25 | Sunday 22:00 | Friday 22:00 |
GBPCAD | British Pound vs Canadian Dollar | 100,000 | 0.0001 | 10 CAD | 1:25 | Sunday 22:00 | Friday 22:00 |
GBPAUD | British Pound vs Australian Dollar | 100,000 | 0.0001 | 10 AUD | 1:25 | Sunday 22:00 | Friday 22:00 |
GBPJPY | British Pound vs Japanese Yen | 100,000 | 0.01 | 1000 JPY | 1:25 | Sunday 22:00 | Friday 22:00 |
GBPCHF | British Pound vs Swiss Franc | 100,000 | 0.0001 | 10 CHF | 1:25 | Sunday 22:00 | Friday 22:00 |
GBPSEK | Euro vs Swedish Krona | 100,000 | 0.0001 | 10 SEK | 1:25 | Sunday 22:00 | Friday 22:00 |
AUDCAD | Australian Dollar vs Canadian Dollar | 100,000 | 0.0001 | 10 CAD | 1:25 | Sunday 22:00 | Friday 22:00 |
AUDCHF | Australian Dollar vs Swiss Franc | 100,000 | 0.0001 | 10 CHF | 1:25 | Sunday 22:00 | Friday 22:00 |
AUDJPY | Australian Dollar vs Japanese Yen | 100,000 | 0.01 | 1000 JPY | 1:25 | Sunday 22:00 | Friday 22:00 |
AUDNZD | Australian Dollar vs New Zealand Dollar | 100,000 | 0.0001 | 10 NZD | 1:25 | Sunday 22:00 | Friday 22:00 |
NZDCAD | New Zealand Dollar vs Canadian Dollar | 100,000 | 0.0001 | 10 CAD | 1:25 | Sunday 22:00 | Friday 22:00 |
NZDCHF | New Zealand Dollar vs Swiss Franc | 100,000 | 0.0001 | 10 CHF | 1:25 | Sunday 22:00 | Friday 22:00 |
NZDJPY | New Zealand Dollar vs Japanese Yen | 100,000 | 0.01 | 1000 JPY | 1:25 | Sunday 22:00 | Friday 22:00 |
CADJPY | Canadian Dollar vs Japanese Yen | 100,000 | 0.01 | 1000 JPY | 1:25 | Sunday 22:00 | Friday 22:00 |
CADCHF | Canadian Dollar vs Swiss Franc | 100,000 | 0.0001 | 10 CHF | 1:25 | Sunday 22:00 | Friday 22:00 |
CHFJPY | Swiss Franc vs Japanese Yen | 100,000 | 0.01 | 1000 JPY | 1:25 | Sunday 22:00 | Friday 22:00 |
USDMXN | US Dollar vs Mexican Peso | 100,000 | 0.0001 | 10 MXN | 1:25 | Sunday 22:00 | Friday 22:00 |
USDSEK | US Dollar vs Swedish Krona | 100,000 | 0.0001 | 10 SEK | 1:25 | Sunday 22:00 | Friday 22:00 |