Virtual currency pairs are typically composed of two currencies. One currency is called the ‘base currency,’ and the other currency is called the ‘counter currency.’ The base currency serves as the price benchmark, while the counter currency is used to represent that price. In other words, the price displayed on the exchange is the price of one unit of the counter currency per unit of the base currency. For example, in the BTC/USD pair, Bitcoin (BTC) is the base currency, and the US Dollar (USD) is the counter currency. The price of this pair indicates the price of one Bitcoin in US Dollars.
How to Start Forex Trading
Open an account with SwiftTrader
Click the “Open Account” button or click here and follow the account registration steps to open a real/demo account.
Choose a trading platform
Choose MT5 platform, SwiftTrader web platform or mobile app. You can also trade from all platforms.
Choose the currency you want to trade
Once you have accessed the platform, select the currency you wish to trade.
Start Forex trading
Experience FX trading for the first time.
MetaTrader 5
It is a high-spec trading platform that serves as the successor to MT4. It provides access to a wider range of tradable assets, technical analysis tools, and essential economic event information through an economic calendar. It comes with various new features compared to MT4, making it a powerful trading platform.