0
It mainly depends on the broker you choose to trade with.It varies with each broker according to their account types.Whereas Greenvault FX provide minimum one USD for MT4 classic and minimum 5000 USD for MT4 premium.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What can you do with forex charts?
With Forex charts you can see live currency exchange rates in real time. You can see how "value" of currency increase and/or decrease throughout the hour/day.
Is FX currencey trading also know as FOREX currency trading?
FX currency is also known as FOREX currency trading. It is regarded as the value of a country's currency in comparison to another country. Exchange rates are determine by foreign markets.
What is the significance of Forex Trades?
Forex trading is essential a money market trading system, allowing foreign currency to be traded around the world. The importance of Forex trading is that it determines the value of each currency across the world. Forex trading enhances trading between countries by enabling funds to be easily converted from one currency to another.
What is the point of the FOREX Foreign Exchange?
The point of the FOREX Foreign Exchange is to invest money from one type of currency to another in hopes to make a gain and profit from a certain currency rising in value. Money can also be lost in these type of exchanges when the currency you brought has went down in value.
Profit from buy and sale in forex?
That is how forex works. You buy a currency when it is low and sell it when its value is high. The same concept applies for trading commodities or stocks
What is a pip in Forex trading?
A pip in Forex trading is used to calculate one's profits and losses. In Forex trading, the value of a currency is given in pips. For most currencies, a pip is 1/100 of a cent.
What is the official day trading Forex currency in Australia?
There is no official day for trading Forex currency in Australia. Forex currency is traded twenty-four hours a day, seven hours a week in the country of Australia.
What is fx currency trading?
"Forex currency trading operates very similarly to traditional stock market trading, only instead of stocks, you purchase foreign currency. Since the value of currency is constantly changing, you purchase a currency with the hopes that the value will increase and you will make a profit."
What are Forex or CFD trading?
Forex stands for "Foreign Exchange." It is the process of investing the currency of one country in the currency of another. The object is to take a failing currency and purchase a currency on the rise.
How does Forex currency exchange work?
Forex currency exchange works by one person paying another currency for that currency. Generally, there are always rates that people trade with, and they are always changing.
What are special drawing rights in forex reserves?
Well......! Every countries needs to keeps some foreign exchange or so called FOREX. The main purpose for keeping FOREX are for export and import, tourism industries and the most important for balancing of economy. SDR is that currency issued by the IMF to facilitate international liquidity. SDR in FOREX reserves is that when a country face economic depression and its currency value decrease then that very country sell its SDR to pay its dept, to carry import and export and to increase the value of its currency
What is Forex Services?
forex is Foreign Exchange (buying and selling of foreign currency)
