Take a look at the information below to help you understand Forex trading. If you have questions, don’t hesitate to contact our specialists by phone +61 283 113 231, email email@example.com or leave us a message below.
Understanding the Basics
Forex (Foreign Exchange Market) is the world’s largest currency market, trading around $4 trillion on average per day. This means dense liquidity – it is easy to buy and sell your positions. It is open 24 hours a day, 5 days a week, and there is no central marketplace. Forex is open to central banks, companies, individuals and Forex traders.
To understand how trading is done on Forex, you first need to understand that currencies are always traded in pairs. A EUR/USD position means you are exchanging euros for dollars. If the market price quoted for the pair is 1.23, it means 1 euro is worth 1.23 US dollars. The first currency is the base currency (euro), and the second is the counter currency (US dollar). If you decide to buy, it means that you believe that eventually euros will appreciate against dollars. In short, you are selling US dollars and buying euros. When euros have grown in value, you can sell them and receive more dollars than you bought euros for.
Advantages of Forex trading
By registering an account with 24htrading.co.uk, you’ll receive a number of benefits:
|Symbol||Leverage (max)||Swap Long||Swap Short||Max Order Size||Size of 1 Lot||Spread||Trading Hours|
Choosing a Trading Platform
What platforms do we offer?
MetaTrader4 is the best trading platform on the market for performing technical and fundamental analysis. These platforms offer access to more than 900 instruments – Forex, indices, commodities, stocks, bonds, cryptocurrencies and CFDs. All information is displayed in easy to understand charts and you can trade and monitor your trades 24/7 on a variety of devices: desktop, mobile or tablet.Read more
Why do I need a trading platform?
MetaTrader has been designed with the trader’s interests in mind. It is easy to understand, nearly intuitive. It saves you time because you have everything at your fingertips: market information, instrument’s analysis, indicators. You can perform trades and set key levels with one click or tap. It’s important that you use the platform provided by your broker, as the bid/ask pride may differ and hence it is difficult to trade correctly with a generic MT4.Read more
How do I install it?
There are three types of platforms we offer, depending on the device you want to use it on: desktop, mobile and tablet version. To use MetaTrader on mobile and tablet, simply download the app from Google Play or App Store.
To install the Client Terminal (desktop version) For Windows:
1. Download and launch installation wizard.
2. Choose a directory for installing the program and follow the installation wizard’s tips. After the terminal has been installed, it will run automatically.
To install the Terminal on Mac OS:
1. First install PlayOnMac – free application for easy installation of Windows applications on Mac OS.
2. Together with PlayOnMac, Wine will be installed – software that allows to run Microsoft Windows apps. Select the latest version.
3. Install the Terminal by downloading "mt4setup.exe" and launching the file. PlayOnMac will automatically open it.
Market may not be available on Mac OS.
Setting Up Your Account
To start trading Forex with 24trading.co.uk, you’ll need to open a Live Account (Standard, Platinum, or VIP). Once registered, you can apply for margin trading. If you have never traded before, we suggest you learn the basics first by opening a Demo Account. In order to set up your account, click the “Open New Account” button on top of the page.
- To open an account, simply fill-in the registration form.
- Complete the verification process by sending us your ID and proof of residence documents.
- Add funds.
- Select currency pairs you want to trade.
- Decide on the position size.
- Choose order type.
You’re a Forex trader now!
Our pricing policy is extremely transparent. We have minimized all operating fees, so that you can be entitled to 100% of your profits.