What is Forex?
Forex, which stands for Foreign Exchange, is the largest financial market in the world, open 24 hours a day, 5 days a week, and where assets and derivatives such as stocks, indices, commodities are bought and sold, especially in different currency types. In addition to corporate and individual investors, governments, central banks and brokerage houses are players, Forex markets are the most liquid and do not allow manipulation due to their size.
What is CFD?
CFD, short for “Contract For Difference”, is an agreement where a profit is made on the difference between the sale and purchase price of an asset that is not physically owned. For example, when you trade 2 Lot Gold on Forex, you will not physically own gold, but you will gain profit or loss from the difference between your buying and selling prices.
What is the Index?
The index is the total value obtained by mathematical calculations of the variability of various companies and stocks listed on the stock exchange of each country, depending on current economic and political conditions. And this value, in other words the Index, also varies in market conditions.
What is a Commodity?
Commodities representing the entire group of investment instruments include all physical assets such as oil, gold, wheat, cotton. These trading tools, which direct daily life and national economies, are among the most reliable investment instruments.
What Are the Trading Hours of Forex Markets?
Forex markets can be traded 24 hours a day, every weekday. Forex markets midnight hours with Turkey on Sunday, begins with sunrise Friday night in Sydney and will continue operations until the New York Stock Exchange is closed.
Transactions become active and reach the highest trading volumes, especially with the opening of the Tokyo and London markets between 10:00 and 11:00, and the London and America markets between 15:00 and 19:00. May differ due to natural disasters or liquidity conditions
How to Invest in Forex?
Due to the endless mobility advantage, you can trade Forex from anywhere with your computer or mobile device. The only thing you need is internet. You can start your transactions by logging into the system with the user name and password given to you during your BMC Capital Markets membership. If you are inexperienced in Forex trading, we recommend that you gain experience by experimenting with small amounts first.
What is Validity of a Spot Transaction and Automatic Transfer?
Extending the maturity of open positions when their value reaches its deadline is called a Rollover. A position in foreign currency and other financial spot transactions is valid for two business days after the date of execution. By transferring the maturity period can be extended for two more business days. Depending on the type of position opened (Long / Short), the interest difference between the two products is calculated and reflected to the investor as (-) or (+) as the swap price.
What is Metatrader?
Metatrader is the most reliable and preferred trading platform of Forex markets. You can work with any of the dozens of brokerage firms in the financial markets, but Metatrader is a platform you should definitely learn to use. Markets can be followed on the platform, as well as all kinds of transactions. It is possible to access the Metatrader platform from computer, phone or tablet devices. For more detailed information, you can visit our Opening and Closing Position.