I wanted to get an Avatrade bonus, but according to their promotion they say: You have to operate 10,000 of the base instrument for every $1 bonus. To get $100, you have to move 1,000,000 of the base instrument. But... what is the base instrument? no deposit bonus forex 2018 Odd numbers are rare.
A standard batch is 100,000 of the base instrument. So if you want your $10,000 bonus for a 50,000 deposit, you would have to open two 10 lot positions each week (or 20 standard lots per week for 50 weeks).
It's the currency your account is financed from.
The first currency of the pair is the ''base currency''. The second is the ''quoted currency'''. For example, 10,000 GBP/USD equals 10,000 pounds. 10,000 NZD/USD equals 10,000 New Zealand dollars. Both transactions would release $1 bonus, even if GBP has twice the value and margin required of the NZD.
Base instrument = base currency of the pair. The other is quoted.
Instrument = the currency pair. I clarify it in case there are doubts.
Avoid any bonus offered by a broker. They are designed to retain your money and force you to operate huge volumes. The risk of releasing the bonus is greater than earning money from your own capital. Beware.
I also had that doubt about "base instrument." Thank you for the clear explanation.
I was going to answer, but you're almost clear.
A musical instrument that sounds in bass tones.
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