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What is Forex?

Foreign exchange trade may be defined as exchange of currency of a country with currency of another country or as trading of currency of a country for currency of another country at a quoted and announced price.

Though forex markets are basically engaged in exchange of currencies, as a result of interest shown to this market type above the expectations, aside from such precious metals as gold and silver, indices relating to petroleum and different other exchanges may also be traded in these markets.

In this market where only large banks and corporate investors used to trade in the past, as a result of development of technology and online computer systems, individual investors have also had the chance to trade on currency parities.

Being the largest and the fastest developing financial markets of the world, forex markets, with their trading volume, have a liquidity which is even greater than the total sum of all global stock exchanges.

Due to large size of forex markets, the probability of manipulation therein is extremely low. Its having a structure greatly moving according to the market dynamics allows also small investors to make direct use of the interbank trading quotations.

Advantages of Forex Trading via Garanti BBVA FX

  • You may execute your market transactions via Garanti BBVA FX Trader trading platform without paying any additional fee.
  • You may deposit margins on 7/24 basis via Forex – G. Investment / Margin Depositing step in “Investments” menu in Garanti BBVA Internet Banking.
  • You may transmit your margin withdrawal requests via Garanti BBVA FX Trader without need for any written instruction.
  • If you wish, you may request an unleveraged account and execute an unleveraged transaction.
  • Your orders are submitted anonymously to the market. The positions you carry as such are kept confidential, and counterparties cannot see your standing orders.
  • You have the opportunity to take price from 16 different institutions for parities and CFDs.
  • Garanti BBVA FX Trader does not have any target spread.
  • Through HTML front-end, you can access your account via any browser, and execute your transactions.
  • Scalping is free. You may give limit orders of any amount you wish. All of your orders may be executed depending on the market conditions.
  • You have the opportunity to trade with Petroleum CFDs and Index CFDs.

Points to Take into Consideration Before Forex Trading

  • Before starting to trade, if you open our FX DEMO account and execute some tentative transactions, it will familiarize you with the platform and the leveraged trading system.
  • It is important for you to carefully read the Risk Statement Form.
  • If you are new in trading in this market, we suggest you to start trading in low amounts.
  • Forex trades are risky because they are leveraged. Therefore, it will help you to avoid unexpected losses that may arise out of sudden price movements in markets if you close your available positions before weekends and official holidays.
  • First of all, in each transaction, you must absolutely determine your take profit and stop loss levels. You may determine your stop loss level also by calculating the maximum amount you may risk.
  • We suggest you to start trading not with full amount of your portfolio, but with a certain amount.

Garanti BBVA Forex Product Types

You can trade via Garanti BBVA FX Trader in the following currency pairs and precious metals:

AUDCAD EURGBP GBPTRY*
AUDCHF EURHUF GBPUSD
AUDJPY EURJPY NOKSEK
AUDNZD EURNOK NZDUSD
AUDUSD EURPLN USDCAD
CADJPY EURRON USDCHF
CHFJPY EURSEK USDCZK
EURAUD EURTRY* USDDKK
EURCAD EURUSD USDHUF
EURCHF GBPCAD USDILS
EURCZK GBPCHF USDJPY
EURDKK GBPJPY USDMXN
  • *XAUUSD and XAGUSD trading hours are between 02:05 and 00:55 hours.
  • **EURTRY, USDTRY, GBPTRY trading hours are between 01:15 and 00:55 hours.
  • Trading hours of other parities are between 01:05 and 00:55 hours.
  • Hours may vary according to summer and winter time applications.

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