What does "base instrument" mean? | Forex Factory

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What does "base instrument" mean?

  • #1
  • First Post: Edited Sep 20, 2018 11:30am Nov 2, 2014 10:05am | Edited Sep 20, 2018 11:30am
I wanted a bonus from Avatrade but according to their promotion.
It says, you need to trade 10,000 base instrument for every $1 bonus.
1,000,000 base instrument need for $100.

But what is base instrument?

forex no deposit bonus 2018
Odd numbers are odd.
  • #2
  • Edited Nov 5, 2014 1:05am Nov 4, 2014 4:30am | Edited Nov 5, 2014 1:05am
standard lot is 100k base instrument.

So - if you want your bonus ten thousand dollars on you fifty thousand deposit - In a year, you need to open 2 ten lot sized positions every week (or 20 standard lots every week for 50 weeks).
  • #3
  • Nov 5, 2014 2:36am Nov 5, 2014 2:36am
Quoting rapidace
I wanted a bonus from Avatrade but according to their promotion. It says, you need to trade 10,000 base instrument for every $1 bonus. 1,000,000 base instrument need for $100. But what is base instrument?
It's the currency you use to fund your account.
Gone to a better place
  • #4
  • Nov 14, 2014 2:15am Nov 14, 2014 2:15am
Quoting rapidace
I wanted a bonus from Avatrade but according to their promotion. It says, you need to trade 10,000 base instrument for every $1 bonus. 1,000,000 base instrument need for $100. But what is base instrument?
The first currency in the pair is the 'base currency'. The second one is the 'quote currency'.
You probably know that the value of 10,000 GBP/USD is 10,000 GBP. The value of 10,000 NZD/USD is 10,000 NZD.
In this case both would release $1 of your bonus, despite the double value and double margin requirement of the GBP compared to the NZD.
  • #5
  • Nov 14, 2014 1:33pm Nov 14, 2014 1:33pm
Base instrument - base currency and the other pair, the quote currency
  • #6
  • Nov 16, 2014 2:24pm Nov 16, 2014 2:24pm
Instrument being the pair part of it, btw.
  • #7
  • Dec 3, 2014 1:46am Dec 3, 2014 1:46am
Quoting rapidace
I wanted a bonus from Avatrade but according to their promotion. It says, you need to trade 10,000 base instrument for every $1 bonus. 1,000,000 base instrument need for $100. But what is base instrument?
Try to avoid any bonuses your broker offers, their purpose is to withhold your deposit in trading account and force you to open trades as much as possible. The risk of unlocking bonus (trading out certain volume requirement) is much more than just earning it regularly from your own deposited money.
Be careful!
  • #8
  • Dec 3, 2014 11:06am Dec 3, 2014 11:06am
Quoting Visitor
{quote} The first currency in the pair is the 'base currency'. The second one is the 'quote currency'. You probably know that the value of 10,000 GBP/USD is 10,000 GBP. The value of 10,000 NZD/USD is 10,000 NZD. In this case both would release $1 of your bonus, despite the double value and double margin requirement of the GBP compared to the NZD.
I was also wondering the meaning of "base instrument." Thanks for the detailed explanation.
  • #9
  • Dec 5, 2014 1:42am Dec 5, 2014 1:42am
I was about to answer but found that you got almost the answer
  • #10
  • Feb 11, 2015 9:46am Feb 11, 2015 9:46am
A musical instrument that produces tones in the low-pitched range.
  • #11
  • Feb 15, 2015 2:04pm Feb 15, 2015 2:04pm
Quoting rapidace
I wanted a bonus from Avatrade but according to their promotion. It says, you need to trade 10,000 base instrument for every $1 bonus. 1,000,000 base instrument need for $100. But what is base instrument?
For example, take the EUR/USD. To get a $ 1 bonus you need to trade size is 0.1 lot.
  • #12
  • Last Post: Mar 23, 2015 4:40am Mar 23, 2015 4:40am
Bonuses should not be an incentive!

They are a marketing ploy used by brokers to attract and retain clients whilst increasing the traders odds of failure
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