CFDs, ETFs & MT4 Explained by AvaTrade Review
Do you know what the CFDs, ETFs and MT4 acronyms mean? Learn about some of the most common Forex acronyms in this AvaTrade Review.
What Are CFDs?
AvaTrade was started more than a decade ago. It requires its customers to deposit at least 250 dollars, euros or dollars. You can open a demo, mini, managed or Islamic account.
You don’t need to purchase the underlying assets with Forex, you are purchasing something called a contract for difference (CFD). A CFD is a derivative between you and the broker. You guess the asset price movement and you win.
AvaTrade has CFDs for currencies, cryptocurrencies, stocks, indices and ETFs. You can even use the Social Trading platform of ZuluTrade on AvaTrade.
What Are ETFs?
ETFs stands for exchange-traded funds. These are similar to indices where a group of assets of one class, are combined into one package.
If you are a property expert, then you can trade real estate ETFs to make money. You can use your expertise to earn healthy profits. ETFs has expanded the options to every man.
After you make your deposit, you might get a Welcome Bonus from AvaTrade. There is even a referral bonus for signing up a friend on the platform. There are 200,000 members of AvaTrade from all around the world.
What Is MT4?
A year after AvaTrade was invented, MT4 was created. MT4 stands for Meta Trader 4. Meta Trader 4 is a software program that provides you with a template for making Forex trades.
Meta Trader 4 has become the industry standard. It makes it easier for Forex traders to operate with different brokers. You don’t have to re-learn a whole new software system, just look for a Forex broker offering Meta Trader 4, like AvaTrade does.
When you visit the AvaTrade website, you will find numerous educational materials explaining all of the primary Forex terms. If you have questions, customer support is via phone, email or live chat. Don’t worry, AvaTrade has your back.