Meaning Of Base Currency
In hedging Foreign exchange trades with options assume in terms of a call on the quote currency purchased with the base currency. With a put in hedging Foreign exchange market trades the trader also purchases the put on the quote currency exploiting the base currency. When gaining options sellers pay for the right to buy in the case of a call subcontract as well as sell in the event of a put covenant. They are never under any obligation to do so.
Advisor - kind of trading account management system in shape of a program built on MetaQuotes Language 4. This program sends needs and sequences to a servicer making use of the client terminal.