At Forex Justice, we recognize the fact that the Forex market is very enticing to both traders and scammers. There are many scams and schemes especially in the Forex market, which is largely unregulated at this point. It is for this reason that one must be very vigilant in keeping up with knowing which companies exist only to get people’s money. Forex Justice guarantees an honest and trustworthy approach to online Forex trading. We will keep your investment safe while providing almost immediate return for you.
Some other companies who do not keep your best interests in mind are found online and include Freedom Rocks, eToro, The Institute for Higher Earning, Watts Trading, Dangit, and Forex Peace Army, just to name a few. Forex Justice is your best investment company on the international Forex trading platform. Not only do we offer professional and honest service, we promise to protect your investment and ensure you the highest profitability possible for your money. We realize that you are taking a risk by putting your money into the online Forex trading market and we want you to have confidence that we feel as strongly about your investment as you do!
Many Forex online trading companies will try to fool you by having attractive and professional-looking websites. If you are new to the Forex trading community, you could easily be pulled in by their seemingly knowledgeable jargon and flattering promises. However, you must not be fooled. It is imperative that you do adequate research before you invest with any online Forex trading company. Once you have done sufficient research, you will know that Forex Justice will provide you with the most reliable, professional, honest and profitable service that is available. We will take your investment, no matter how small or large, and protect it to provide the highest turnaround for you.
There are many Forex company reviewers online. These reviews are an important part of the research you will do. You can read many reviews about other peoples’ experiences with various Forex companies and learn what did and did not work in each company. These reviews will also help you decide which investments are worth taking risks for and which ones you should avoid. You will also be able to read about Forex Justice – knowing what our satisfied clients are saying with help you realize and decide to go with our service. Reading our reviews will give you the confidence you need to sign up today and know that your investment is safe with us.
You might have already researched several other Forex trading companies online and found MBTrading Swaps or Forex Swap Rates Forum. These are just a couple of the dangerous and untrustworthy companies that are out there. It is vital to you and the well being of your investments that you choose wisely when investing in the Forex market. It can be a highly profitable and exciting field to get started in and Forex Justice can help guide your way!
Saturday, February 14, 2009
Forex Brokers
Forex Brokers are those people who make their living by connecting Forex buyers with Forex sellers and vice versa, usually charging a commission or fee for the services they render. Many of these brokers charge a spread, which is the difference between the selling and buying price of a combined pair in Forex trading. This is the usual manner in which Forex brokers make money through their services.
As just mentioned, spreads are the difference between the buying and selling price of a combined pair in Forex trading. The spreads you are dealing with will have a significant bearing on the amount of return you receive for your investment depending on which type of account you decide to open. Because you, as the buyer, would want to buy low and sell high, the spread will be higher which means you will have to pay more to your broker and then you will end up with less money in your pocket than when you first sold. As the market fluctuates, so do your spreads. It would be advisable to learn as much as you can through our video helpers on our Forex guide section.
Whether you choose an Electronic Communication Network (ECN) or a retail Forex company, the return on your investment and the timeliness of it directly depend upon the type of Forex broker you choose. ECNs will not trade against you and they work in the free market by connecting you, the individual Forex trader, with major brokerages or banks. In this case, your spreads will probably be smaller, but you know up front the amount you will be paying for such a service, whether it is a commission or a set fee.
Percentage in Points, or PIPS, is the smallest price grouping of a currency that is being traded on the Forex market. These can be quoted all the way to the fourth decimal. Your spreads, which will be one of your foremost costs of Forex trading, will be measured in PIPS. As you will quickly learn, even the smallest changes in PIPS can make a dramatic difference. The Forex Justice reviews will help you discover which brokers offer you the best PIPS and spreads, so you can make an informed decision about which broker is best for you and the needs you have in Forex trading.
ECNs and retail Forex companies are the two different types of brokers. Of these two, a Forex ECN is the more accredited and trustworthy. The reason for this is that they basically create their own markets for trading. Spreads are decided very subjectively and trades are actually made against you. After that, the profits are given out at the discretion of the broker. These retail Forex companies are inviting to those who are new on the Forex market or those who are low on money because traders don’t have to make large investments. Retail Forex companies are an excellent place to learn the ropes of Forex trading, as long as you realize that you are running the risk of seeing your investment profit disappear quickly and without warning.
The most important thing you can do before you select a Forex broker is to research. There are scads of reviews available, even here at Forex Justice, where you can compare companies, returns and client’s opinions before making your final decision.
As just mentioned, spreads are the difference between the buying and selling price of a combined pair in Forex trading. The spreads you are dealing with will have a significant bearing on the amount of return you receive for your investment depending on which type of account you decide to open. Because you, as the buyer, would want to buy low and sell high, the spread will be higher which means you will have to pay more to your broker and then you will end up with less money in your pocket than when you first sold. As the market fluctuates, so do your spreads. It would be advisable to learn as much as you can through our video helpers on our Forex guide section.
Whether you choose an Electronic Communication Network (ECN) or a retail Forex company, the return on your investment and the timeliness of it directly depend upon the type of Forex broker you choose. ECNs will not trade against you and they work in the free market by connecting you, the individual Forex trader, with major brokerages or banks. In this case, your spreads will probably be smaller, but you know up front the amount you will be paying for such a service, whether it is a commission or a set fee.
Percentage in Points, or PIPS, is the smallest price grouping of a currency that is being traded on the Forex market. These can be quoted all the way to the fourth decimal. Your spreads, which will be one of your foremost costs of Forex trading, will be measured in PIPS. As you will quickly learn, even the smallest changes in PIPS can make a dramatic difference. The Forex Justice reviews will help you discover which brokers offer you the best PIPS and spreads, so you can make an informed decision about which broker is best for you and the needs you have in Forex trading.
ECNs and retail Forex companies are the two different types of brokers. Of these two, a Forex ECN is the more accredited and trustworthy. The reason for this is that they basically create their own markets for trading. Spreads are decided very subjectively and trades are actually made against you. After that, the profits are given out at the discretion of the broker. These retail Forex companies are inviting to those who are new on the Forex market or those who are low on money because traders don’t have to make large investments. Retail Forex companies are an excellent place to learn the ropes of Forex trading, as long as you realize that you are running the risk of seeing your investment profit disappear quickly and without warning.
The most important thing you can do before you select a Forex broker is to research. There are scads of reviews available, even here at Forex Justice, where you can compare companies, returns and client’s opinions before making your final decision.
Top Rated Forex Software:
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My top rated Forex analysis software is Trading Solutions - there is simply nothing else that compares to it anywhere on the market.
No matter what your preferred method of spotting the next currency rate move this software will have something to keep you happy.
Utilizing neural networks and the more traditional technical analysis methods you can use Trading Solutions to help you make the right decision every time.
Despite how in-depth the software allows you to go it is very easy to use, mainly thanks to the very intuitive wizard tool that is incorporated.
If you want to take a test run of the software you can download a no obligation evaluation version of the software free of trial.
Top Rated Forex Training Course:
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I have given the top Forex training course award to Forex Mentor because Peter Bain is one of the worlds traders and his course offers amazing value for money.
With over 100 hours of educational material split over 2 DVDs, 12 CDs, 2 printed guides and an interactive members area, Forex Mentor has raised the bar for Forex courses.
A 30 day money-back guarantee means that you can buy with no risk. I am confident that you will not even think about refunding though as this course will make you a much better trader.
The cost of the course can be recovered in just a few weeks due to the superior knowledge you will gain to make those more profitable trades.
The Best Rated Forex Brokers, Courses, Signals & Software
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Top Rated Forex Broker:
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I have rated the very impressive Easy-Forex platform as my best Forex broker. This is down to their extemely competitive Pips and Spreads (Between 3-7) and a very generous leverage of up to 200:1.
What's more you can also open an account for just $100 if you are new to trading or working on a tight budget. The platform is incredibly easy to use so you wont waste time or money trying to figure out how to make your trades.
Easy-Forex are a certified broker that accept US and UK traders and every account comes with a range of tools and fantastic features.
Easy-Forex not for you?
Don't worry we have an alternative broker that is almost as good. They offer a first deposit bonus of up to $500 and have a low minimum deposit of just $50.
Forex Training and Fibonacci Studies
Forex training will require the understanding of Fibonacci. Fibonacci numbers are a series of numbers whereby each succeeding number is added to the sum of the previous two numbers. For example, a Fibonacci scale would be: 1, 1, 2, 3, 5, 8, 13, 21, 34, etc… There are several interesting relationships within this succession of numbers, such as the fact that any number on the Fibonacci scale is roughly 1.618 times the number listed previously in the succession. This numerical study is named after Leonardo of Pisa, who is credited for its discovery.
Leonardo was born in Pisa, Italy in 1170 A.D. to Alessandra, his mother who died when he was nine years old, and Guglielmo, his father who was nicknamed “Bonaccio”, meaning “good natured”). It wasn’t until after he died that Leonard was given the nickname Fibonacci, which was derived from filius Bonacci, which means “son of Bonaccio”.
Growing up with a father who ran the trading post of Pisa, Leonard traveled a lot with his father to North Africa. It was there that he learned the Hindu-Arabic numerical system. Leonardo seemed to be a natural with numbers and quickly realized that the Hindu-Arabic system was easier to use and far more efficient than the Roman numerals he had been taught. Leonardo traveled extensively throughout the Mediterranean region studying under the foremost Arab mathematicians of his time. Upon his return at the age of 32, he published his findings in Liber Abaci, thus introducing the Western World to the Hindu-Arabic numerical system.
Leonardo was considered by most to be the most talented mathematician of his time. In modern times, Leonardo is best known for his contributions in introducing and spreading the Hindu-Arabic numerical system to the Western World, largely through his book Liber Abaci and for the Fibonacci numerical studies, which were named after him. It is rumored that he did not actually discover this system, but is credited for its rise in popularity because he used it in example in his book.
Fibonacci numbers are often used in Technical Analysis in the Forex trading industry. In general, the study of Fibonacci numbers includes anticipating changes in trends of prices as they get closer to the lines which are created by the studies. These are then called Fibonacci lines. Using Fibonacci tools is actually quite simple. Observations and studies have indicated that retracement levels on the Fibonacci scale function best in the zones they cover. The more often these lines come together near or directly at a price level, the more reliable they are in deciding reversal points or pauses.
The Fibonacci studies, lines and scales are just one method of prediction in the field of Forex trading. Some may argue that this is not a reliable method and is more akin to gambling. However, for many traders, this system of prediction works well and has a history of success for them. It is important to know the different systems and methods of prediction so that you, the Forex trader, can decide which one works to your advantage. Forex Justice is here to assist you in making the most informed decision possible.
Leonardo was born in Pisa, Italy in 1170 A.D. to Alessandra, his mother who died when he was nine years old, and Guglielmo, his father who was nicknamed “Bonaccio”, meaning “good natured”). It wasn’t until after he died that Leonard was given the nickname Fibonacci, which was derived from filius Bonacci, which means “son of Bonaccio”.
Growing up with a father who ran the trading post of Pisa, Leonard traveled a lot with his father to North Africa. It was there that he learned the Hindu-Arabic numerical system. Leonardo seemed to be a natural with numbers and quickly realized that the Hindu-Arabic system was easier to use and far more efficient than the Roman numerals he had been taught. Leonardo traveled extensively throughout the Mediterranean region studying under the foremost Arab mathematicians of his time. Upon his return at the age of 32, he published his findings in Liber Abaci, thus introducing the Western World to the Hindu-Arabic numerical system.
Leonardo was considered by most to be the most talented mathematician of his time. In modern times, Leonardo is best known for his contributions in introducing and spreading the Hindu-Arabic numerical system to the Western World, largely through his book Liber Abaci and for the Fibonacci numerical studies, which were named after him. It is rumored that he did not actually discover this system, but is credited for its rise in popularity because he used it in example in his book.
Fibonacci numbers are often used in Technical Analysis in the Forex trading industry. In general, the study of Fibonacci numbers includes anticipating changes in trends of prices as they get closer to the lines which are created by the studies. These are then called Fibonacci lines. Using Fibonacci tools is actually quite simple. Observations and studies have indicated that retracement levels on the Fibonacci scale function best in the zones they cover. The more often these lines come together near or directly at a price level, the more reliable they are in deciding reversal points or pauses.
The Fibonacci studies, lines and scales are just one method of prediction in the field of Forex trading. Some may argue that this is not a reliable method and is more akin to gambling. However, for many traders, this system of prediction works well and has a history of success for them. It is important to know the different systems and methods of prediction so that you, the Forex trader, can decide which one works to your advantage. Forex Justice is here to assist you in making the most informed decision possible.
Your Free Beginners Forex Guide
Even better news is that I am not charging for any of the information I am about to give you, that's right this is your free Forex guide.
True, I could probably make a decent amount of money from selling this guide but to be honest I don't need to as my Forex trading takes care of that.
If there is an area of Forex trading you want to know more about then the chances are there is a section on here perfect for you, whether you want to learn more about Forex strategies and analysis or simply want advice on the to use then I have it covered here at instant Forex income.
If you put the time in to read each section on the navigation to your left then I am sure that you will soon be trading Forex like a professional and raking in profits that you never thought possible from exchanging currencies.
Profitable Forex Trading is Just Around the Corner
All I ask in return is your attention, the only way you will become that profitable Forex trader that you dream of being is if you take your time to fully educate yourself.
He who rushes in to trading Forex is usually the one who fails. As they say, good things come to those who wait.
Online Forex trading has only begun to take off in recent years, as a result there is still a lack of information available, even on the Internet. It can take hours searching for information and when you find it you will often discover you have to pay for the privilege.
Well, search no more, instant Forex income covers everything the new trader needs to know and more! A profitable Forex trading future is just around the corner.
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Click the 'next' button below to continue and find out what Forex is all about or simply use the left hand navigation to choose the section you want to read.
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Forex Trading with Instant Income - Dream or Reality?
Achieving an instant income from Forex trading (currency trading) online is a dream of so many traders yet so few actually manage to turn their dreams in to a reality.
The question is why? We all know there are traders out there making a fortune so we know it is possible.
What most people want to know is how these traders can come to earn so much that they not only make a living but also earning more in a month than most people earn in a year.
Well, the good news for you is that I am one of the people who do make substantial profits from forex trading and I have put together this resource site to help people like you achieve the dream of an instant Forex income.
Top Rated Forex Trading Platforms
1st Choice: | 2nd Choice: | 3rd Choice: | |
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| Min Deposit | $100 | $50 | $100 |
| Credit Cards | Yes | Yes | Yes |
| Platform Type | Online | Download | Online |
| Free Demo Account | No | Yes | Yes |
| Pip Spread Value | Excellent | Excellent | Average |
| Leverage | Excellent | Very Good | Good |
| Loss Protection | Excellent | Good | Good |
| Customer Support | Excellent | Very Good | Average |
| Overall Rating | Excellent | Very Good | Average |
I'm not going to lie to you, profitable Forex trading is not something that is easy to achieve, you will have to put some work in to succeed. Thankfully the only work you have to do is reading.
I have put together Instant Forex Income in a way which takes you through all of the core principles of Forex trading so that by the time you finish reading you will already be a more proficient and profitable Forex trader.
I Found A Forex Trading System That Makes Me Over $90,000 On A Single Trade!
Hi my name is Scott Lack,
I created this page to share my story of how I lost my house, had to file for bankruptcy, and almost lost my entire life savings before I was able to turn it all around. I had so many of my friends and friends of friends asking me how on earth I was able to pull out of such a horrible situation, and then end up retired only 6 months later.
I Made 6k On My FIRST Try...
It all started back when I was a trader in the days when the market was at its best. (Up to Sept 11th.) I had sold my business and every one I knew was making a ton of money in the stock market. So I put my life savings into the market and turned 200k into about 10k in 6 short months. I lost my house and had to declare bankruptcy. I had always worked for myself before this, but now I had to get a job just to pay the bills. Luckily my wife stuck with me through all of this.
After that I had found a decent job in the Denver area, and lived in a fairly nice part of town. I never really got used to having to work for someone else, but in the position I was in I felt like I had no option. I had virtually no money left for my retirement, and it was beginning to dawn on me that I very well might end up working for the rest of my life.
Thats when I stumbled across an ad online for a program called Forex Secrets. The program seemed like everything I wish I had years ago, but I was still very skeptical of course. I have paid over 5k for a weekend course before that I took while I was going broke. But I ordered it anyway just to take a look, although I honestly expected to be shipping it back in a week or two.
Right off the bat I loved how the system was not just trying to tell me what to trade and when to get in and get out. No, instead it taught me how to actually read the markets, and what to do in various demanding situations. It reminds me of a saying by Tony Robbins, ”John the baker took 20 years to perfect his chocolate cake recipe. But how long will it take you to learn to make the cake if John is willing to teach you?” This system has turned out to be my “John the baker”.
I am happy to say that 6 months after beginning Forex Secrets, I left my job and am devoting myself to trading in the Forex as my “full-time” job. Since leaving work in January, I have consistently made more money trading than I would have made working for someone else.
I’m excited to report that I am having a very good week this week. Currently I am monitoring and managing some trades that I have had on for 9 days now, and will make a profit of $702,102.00 from these trades alone.
This program has totally given me my freedom back, and allowed me to retire just when I thought id be working for the rest of my life. That is why I have written this page. I am deeply indebted to Forex Secrets and I really appreciate the level completeness and quality of the program. You can get more information about the Forex Secrets at
Monday, February 9, 2009
Forex? What is it, anyway?
The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover.
Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.
Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.
The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forex™ offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.
Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.
You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don't have to physically possess certain currencies in order to perform "buy" or "sell" with them.
How do I start?
Register (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading "margin" amount (credit cards are welcome, only by Easy-Forex™); start trading.
It can't be simpler or easier than that. Need help? We'll provide you with 1-on-1 training and service, as much as necessary (Easy-Forex™ offers real people service, live, in your own language).
Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.
How does one profit in Forex?
Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.
The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forex™ offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.
Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.
You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don't have to physically possess certain currencies in order to perform "buy" or "sell" with them.
How do I start?
Register (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading "margin" amount (credit cards are welcome, only by Easy-Forex™); start trading.
It can't be simpler or easier than that. Need help? We'll provide you with 1-on-1 training and service, as much as necessary (Easy-Forex™ offers real people service, live, in your own language).
Forex Glossary
Here are some of the most common terms used in FOREX trading.
Ask Price ¨C Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask Prices are shown on the right side of a quote ¨C e.g. EUR/USD 1.1965 / 68 ¨C means that one euro can be bought for 1.1968 UD dollars.
Bar Chart ¨C A type of chart used in Technical Analysis. Each time division on the chart is displayed as a vertical bar which show the following information ¨C the top of the bar is the high price, the bottom of the bar is the low price, the horizontal line on the left of the bar shows the opening price and the horizontal line on the right of bar shows the closing price.
Base Currency ¨C is the first currency in a currency pair. A quote shows how much the base currency is worth in the quote (second) currency. For example, in the quote - USD/JPY 112.13 ¨C US dollars are the base currency, with 1 US dollar being worth 112.13 Japanese yen.
Bid Price ¨C is the price a trader can sell currencies. The Bid Price is shown on the left side of a quote - e.g. EUR/USD 1.1965 / 68 ¨C means that one euro can be sold for 1.1965 UD dollars.
Bid/Ask Spread ¨C is the difference between the bid price and the ask price in any currency quotation. The spread represents the broker's fee, and varies from broker to broker.
Broker ¨C the intermediary between buyer and seller. Most FOREX brokers are associated with large financial institutions and earn money by setting a spread between bid and ask prices.
Candlestick Chart - A type of chart used in Technical Analysis. Each time division on the chart is displayed as a candlestick ¨C a red or green vertical bar with extensions above and below the candlestick body. The top of the extension shows the highest price for the chart division and the bottom of the extension shows the lowest price. Red candlesticks indicate a lower closing price than opening price, and green candlesticks indicate the price is rising.
Ask Price ¨C Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask Prices are shown on the right side of a quote ¨C e.g. EUR/USD 1.1965 / 68 ¨C means that one euro can be bought for 1.1968 UD dollars.
Bar Chart ¨C A type of chart used in Technical Analysis. Each time division on the chart is displayed as a vertical bar which show the following information ¨C the top of the bar is the high price, the bottom of the bar is the low price, the horizontal line on the left of the bar shows the opening price and the horizontal line on the right of bar shows the closing price.
Base Currency ¨C is the first currency in a currency pair. A quote shows how much the base currency is worth in the quote (second) currency. For example, in the quote - USD/JPY 112.13 ¨C US dollars are the base currency, with 1 US dollar being worth 112.13 Japanese yen.
Bid Price ¨C is the price a trader can sell currencies. The Bid Price is shown on the left side of a quote - e.g. EUR/USD 1.1965 / 68 ¨C means that one euro can be sold for 1.1965 UD dollars.
Bid/Ask Spread ¨C is the difference between the bid price and the ask price in any currency quotation. The spread represents the broker's fee, and varies from broker to broker.
Broker ¨C the intermediary between buyer and seller. Most FOREX brokers are associated with large financial institutions and earn money by setting a spread between bid and ask prices.
Candlestick Chart - A type of chart used in Technical Analysis. Each time division on the chart is displayed as a candlestick ¨C a red or green vertical bar with extensions above and below the candlestick body. The top of the extension shows the highest price for the chart division and the bottom of the extension shows the lowest price. Red candlesticks indicate a lower closing price than opening price, and green candlesticks indicate the price is rising.
Timing is Everything With Forex Trading
The most challenging part of getting started with Forex trading is to learn this innovative way of trading. Many potential investors that try to navigate the Forex system unaided end up being frustrated and financially intimidated. There are very simple strategies to becoming successful using the foreign exchange trading system but the first step is gathering all of the necessary information surrounding this type of trading specialty. Securing a reliable Forex trading broker is likely the first and most pivotal step after learning the initial principles.
Unlike many types of trading and futures, foreign exchange trading is not designed to make the client rich quickly. Many people are frightened off by the word that Forex trading is a get rich quick scheme that in large part, doesn't work. This is a financial myth despite all the hype surrounding the foreign exchange trading system. There are steps and gains to be taken in order to secure a future in successful trading. Expect to dedicate a large portion of time to researching and understanding the market in general before setting out with your pocket book ready to invest. Learn all you can about the Forex market in the beginning in order to make the Forex trading path a smooth and triumphant one.
There is no doubt that there are numerous types of orders that can be utilized in order to open and close trades and becoming familiar with them is a must. In the foreign exchange trading business there are charts, graphs and other visuals to help you effectively analyze trends in currency trading. These charts and graphs will assist in making well-informed decisions on what currency to sell. Timing is everything and it goes without saying that when experiencing with the Forex trading system, knowing when to trade can be the pivotal difference between success and failure. Understanding the analysis tools and how to use them efficiently will put any investor on the right track.
As well as proficient trading tools, it is an absolute necessity when using the foreign exchange trading system to understand how to use the software to perform actual trades. The only way to become comfortable with using Forex trading software is to use it and learn how to plot a course through the process. Selecting a good trader is the most imperative tip at this stage because an established trader can help you with the services required as well as giving you in depth tutorials using the foreign exchange trading system.
Unlike many types of trading and futures, foreign exchange trading is not designed to make the client rich quickly. Many people are frightened off by the word that Forex trading is a get rich quick scheme that in large part, doesn't work. This is a financial myth despite all the hype surrounding the foreign exchange trading system. There are steps and gains to be taken in order to secure a future in successful trading. Expect to dedicate a large portion of time to researching and understanding the market in general before setting out with your pocket book ready to invest. Learn all you can about the Forex market in the beginning in order to make the Forex trading path a smooth and triumphant one.
There is no doubt that there are numerous types of orders that can be utilized in order to open and close trades and becoming familiar with them is a must. In the foreign exchange trading business there are charts, graphs and other visuals to help you effectively analyze trends in currency trading. These charts and graphs will assist in making well-informed decisions on what currency to sell. Timing is everything and it goes without saying that when experiencing with the Forex trading system, knowing when to trade can be the pivotal difference between success and failure. Understanding the analysis tools and how to use them efficiently will put any investor on the right track.
As well as proficient trading tools, it is an absolute necessity when using the foreign exchange trading system to understand how to use the software to perform actual trades. The only way to become comfortable with using Forex trading software is to use it and learn how to plot a course through the process. Selecting a good trader is the most imperative tip at this stage because an established trader can help you with the services required as well as giving you in depth tutorials using the foreign exchange trading system.
Forex Trading Systems Scam
Have you ever encountered an online promotion for a forex system, strategy or software? If so, I bet that the promoter promises great wealth in no time, something like " this incredible system makes $3, 000 a day " or " I am making money in my sleep using this automated trading software " and so on. Very tempting for some of us. And as this " Forex Systems " hype is relatively new, even veteran traders ask themselves whether these systems are for real.
The exactness is that some of these forex merchandise are indeed total scams. But absolute is again not logical to foresee that ALL of them worth nobody. Luckily, we live in the hot poop ticks, locality a scam cannot hold office close for spun out. So if you encounter a forex system, strategy or software for sale, conclude not carry lazy and search the net for relevant blogs, forex forums and reviews. If the product is a scam, you will familiar conceive physical quite delicate. However, lease ' s spiel that you treasure a decent, reliable Forex System - what rap you assume from sound? Will positive well deliver? Fine, flying start by commercial the following questions:
Am I disciplined?
Most traders purchase a first-rate trading system or software but operate not have the discipline to trade according to the system ' s rules. Some traders achieve not credence the system they have tried bought and endeavor to chicken feed the rules from day one. Others certainty the system prime, but next a few bad trades source losing confidence and contract apprehensiveness and attraction genie their decisions. I itch admit - substantial was very insolvable for me to faith a system that was created by someone too many. Solitary when I tacit the logic late the system I began to fashion confidence, traded stow away discipline and somewhere made profits.
Are my expectations fitting my ration?
The size of your trading invoice will halt your lifelike profit expectations. If you have a mini account ( a keep of between 500 to 10, 000 US dollars ), irrefutable means that for trading the EUR / USD, a 1 pip movement in your favor equals 1 US dollar in profit. So if you are a very rad trader stifle a very superb trading system, a stupendous trading point veil a total of 500 pips hike, equals US$ 500 in profit. I guess you cannot quit your job yet. But if you have a one million dollar account, you can definitely earn US$ 1, 000 per pip. So it takes only 3 pips to make
US$3, 000 a day. I hope you get the point.
Do I have enough knowledge?
Even the best system is operated by a real person. And each trader is a unique individual. Consequently, if you ask a group of traders to trade the same system, under the same conditions, you will probably get totally different results. Yes, some traders do make money in their sleep using profitable forex systems, but the human factor will always be there. So get yourself a good trading system, but do not stop there. Be ready to acquire a sound knowledge in forex trading and keep expending your knowledge over time.
The exactness is that some of these forex merchandise are indeed total scams. But absolute is again not logical to foresee that ALL of them worth nobody. Luckily, we live in the hot poop ticks, locality a scam cannot hold office close for spun out. So if you encounter a forex system, strategy or software for sale, conclude not carry lazy and search the net for relevant blogs, forex forums and reviews. If the product is a scam, you will familiar conceive physical quite delicate. However, lease ' s spiel that you treasure a decent, reliable Forex System - what rap you assume from sound? Will positive well deliver? Fine, flying start by commercial the following questions:
Am I disciplined?
Most traders purchase a first-rate trading system or software but operate not have the discipline to trade according to the system ' s rules. Some traders achieve not credence the system they have tried bought and endeavor to chicken feed the rules from day one. Others certainty the system prime, but next a few bad trades source losing confidence and contract apprehensiveness and attraction genie their decisions. I itch admit - substantial was very insolvable for me to faith a system that was created by someone too many. Solitary when I tacit the logic late the system I began to fashion confidence, traded stow away discipline and somewhere made profits.
Are my expectations fitting my ration?
The size of your trading invoice will halt your lifelike profit expectations. If you have a mini account ( a keep of between 500 to 10, 000 US dollars ), irrefutable means that for trading the EUR / USD, a 1 pip movement in your favor equals 1 US dollar in profit. So if you are a very rad trader stifle a very superb trading system, a stupendous trading point veil a total of 500 pips hike, equals US$ 500 in profit. I guess you cannot quit your job yet. But if you have a one million dollar account, you can definitely earn US$ 1, 000 per pip. So it takes only 3 pips to make
US$3, 000 a day. I hope you get the point.
Do I have enough knowledge?
Even the best system is operated by a real person. And each trader is a unique individual. Consequently, if you ask a group of traders to trade the same system, under the same conditions, you will probably get totally different results. Yes, some traders do make money in their sleep using profitable forex systems, but the human factor will always be there. So get yourself a good trading system, but do not stop there. Be ready to acquire a sound knowledge in forex trading and keep expending your knowledge over time.
Profitable Forex Systems & Strategies
Frustrated with buying and testing useless forex systems and strategies, only to discover that they are another "get rich quick" forex trading scheme which promises the world but delivers so little? Do you have a desire to be better informed before making a decision to purchase a trading system?
The purpose of this site is to help you find and build profitable forex systems and strategies while at the same time offer support and help you develop your trading knowledge - whether it be through education, advice or through reviews of , the and We aim to be a trusted guide and companion towards your untimate goal of becoming a successful forex trader.
Discover the best forex trading systems and learn what criteria seperates good forex systems from the poor ones.
Take advantage of and strategies which you can start implementing into your trading immidiately. We also provide you with daily and weekly and summaries of trading action.
Enjoy the site!
Forex Justice - The Fair Forex Trading Forum
Don’t Get Eaten Alive
Foreign exchange currency trading is a risky business with much to lose and much to gain. As a professional forex broker and personal trader, I have realized the fast profits this market can reap, while witnessing the dog-eat-dog nature of the beast, in which buyers lose their shirts every minute.
Whether you are a forex trader or just curious about forex currency trading, you owe it to yourself to separate the wheat from the chafe. The Internet is awash in foreign exchange currency trading websites whose sole existences are dependent upon ignorant forex investors. From get-rich-quick schemes to free , forex educational seminars, free forex signals, forex forums, and more, the fraudulence that surrounds the fx trading market is frightening.
Forex trading is very different from the U.S. stock market. The major differences include:
- Forex has no central exchange
- Forex trading can be done around the clock
- Forex has no overseeing regulatory commission, such as the SEC
The forex market is a wild, open arena without rules, laws, or a governing body. No one cares if your money is taken. No one will lose any sleep if you’ve been lied to. There are no repercussions if you’re treated unfairly. Investors trade at their own risk and have no legal recourse to enforce justice.
I know. I’ve been there. The scammers have burned me more than once. In an attempt to further my own knowledge, I fell for the magical software sales pitches and followed the crooked paths to the stolen treasures, only to be let down ad nauseam.
I served my time as a forex broker, which was an eye-opening experience. I heard and saw the manipulation of client profits that was business as usual. It quickly shifted my interest in trading and brokering forex to that of protecting forex traders. I redirected my efforts from studying daily to researching forex websites. I was determined to devise a resource on which forex investors could rely for honest, fair information exchange.
Avoid
Sniping or Hunting - Sniping and hunting - or prematurely buying or selling near preset points - are shady acts committed by brokers to increase profits. Obviously, no broker admits to committing these acts, but a notion that a broker has practiced sniping or hunting is commonly believed to be true. Unfortunately, the only way to determine which brokers do this and which brokers don't is to talk to fellow traders. There is no blacklist or organization that reports such activity.
Strict Margin Rules - When you are trading with borrowed money, your broker has a say in how much risk you take. As such, your broker can buy or sell at its discretion, which can be a bad thing for you. Let's say you have a margin account, and your position takes a dive before rebounding to all-time highs. Well, even if you have enough cash to cover, some brokers will liquidate your position on a margin call at that low. This action on their part can cost you dearly.
Define a Basic Forex Strategy
Technical analysis and fundamental analysis are the two basic genres of strategy in the forex market - just like in the equity markets. But technical analysis is by far the most common strategy used by individual forex traders. Here is a brief overview of both forms of analysis and how they apply to forex.
Finding Your Strategy
Most successful traders develop a strategy and perfect it over time. Some people focus on one particular study or calculation, while others use broad spectrum analysis to determine their trades. Most experts suggest trying a combination of both fundamental and technical analysis, with which you can make long-term projections and also determine entry and exit points. But in the end, it is the individual trader who needs to decide what works best for him or her (most often through trial and error.
Conclusion
The forex market is the largest market in the world, and individuals are becoming increasingly interested in it. But before you begin trading it, be sure your broker meets certain criteria, and take the time to find a trading strategy that works for you. Remember, the best way to learn to trade forex is to open up a demo account and try it out.
Strict Margin Rules - When you are trading with borrowed money, your broker has a say in how much risk you take. As such, your broker can buy or sell at its discretion, which can be a bad thing for you. Let's say you have a margin account, and your position takes a dive before rebounding to all-time highs. Well, even if you have enough cash to cover, some brokers will liquidate your position on a margin call at that low. This action on their part can cost you dearly.
Define a Basic Forex Strategy
Technical analysis and fundamental analysis are the two basic genres of strategy in the forex market - just like in the equity markets. But technical analysis is by far the most common strategy used by individual forex traders. Here is a brief overview of both forms of analysis and how they apply to forex.
Finding Your Strategy
Most successful traders develop a strategy and perfect it over time. Some people focus on one particular study or calculation, while others use broad spectrum analysis to determine their trades. Most experts suggest trying a combination of both fundamental and technical analysis, with which you can make long-term projections and also determine entry and exit points. But in the end, it is the individual trader who needs to decide what works best for him or her (most often through trial and error.
Conclusion
The forex market is the largest market in the world, and individuals are becoming increasingly interested in it. But before you begin trading it, be sure your broker meets certain criteria, and take the time to find a trading strategy that works for you. Remember, the best way to learn to trade forex is to open up a demo account and try it out.
forex price chart
- Chart Intervals & Time Frame
- Candlesticks
- Bars Charts
- I admit that reading charts, and interpreting patterns, are more an art than a skill. Base and apply your entry and exit decisions on YOUR OWN combined methods of technical and fundamental analysis.
- FOREX charts, are easier to interpret and to use. They reflect a slower moving, stable economy of a country, compared to the stock market, with its daily drama of company reports, Wall Street Analysts and shareholder demands.
- Unlike stocks, currency charts do not spend much time in trading ranges and have the tendency to develop strong trends. Furthermore, Forex with its 4 Mayor currencies is easier to analyze than tens of thousands of stocks.
HOW TO READ FOREX
- Forex Price Charts, what DO they mean and HOW to use them?
- Important numerous facts as discipline, trading rules, not being greedy etc., but one of the most important things is:
- LEARN to read the charts as Charts represent the lifeblood of the market.
forex & insurance polices rules
- Do I need this type of insurance at all? Figure out what the type of insurance you are considering covers and decide whether you need it.
- How much of this type of insurance do I need? Policies vary in how much they cover. Some cover specific dollar amounts. Others cover percent of loss. Some have a deductible. Others exclude certain types of damage. Look at these differences among policies and decide which one is for you.
- Where will I buy it? If you are working on your own, the web has a host of services to help you comparison shop among companies. Type in "insurance" on most search engines and you will come up with a number of sites. If you are working with an agent, you may be working with a captive agent which means (s)he can only sell you policies form one company or an independent agent which represents several.
- When selecting a company, consider also whether the company is both able and willing to pay on claims should you make one.. AM Best and other companies rate the financial solvency of insurance companies. The web comparison shopping services usually include and explain the ratings. You can also ask the company itself or your agent.
- Consider also the company's record for trying to refuse to pay claims. Your state insurance commission may have a record of complaints.
- When buying any insurance, you will most likely save money if you pay annually or semi-annually. Sometimes buying several types of insurance from the same company will save you money. Often taking steps to make claims more unlikely, such as installing deadbolt locks or taking a safe driving course will lower your premiums.
- When shopping for insurance, also look into group policies offered by alumni associations, professional associations, or religious bodies. Usually you can forget about specialized insurance advertised on television with paid endorsers. They usually cover very little.
Don't buy any extended warranties or protection plans when you buy small or major appliances. These plans are pure profit to the appliance stores. That's why the salespeople, push them so hard, especially if they are on commission. They usually cover only periods when very little is likely to go wrong and have numerous exclusions.
Insurance is a complex subject. Do your own research or work with your agent. Hopefully this introduction will help you do that more effectively.
important rules of forex
- Cut your LOOSING trades and let your WINNING trades RUN YOU WILL HAVE LOSING TRADES. Every FOREX trader has. The secret is, that a consistent, disciplined trader, at the end of the day, adds up more winning trades than losing trades.
- When you and see on your charts, without any doubt, that you are in a losing trade, don't keep losing money. Most of the novice traders are lowering their stop loss just to “prove they are right” or “hoping that the market will reverse”. 99% of these trades, are ending up with more losses. Most of the profitable trades are usually "right" immediately.
- Remember, smart traders know there are many other opportunities. CUT your losses short and compound those winning positions.
- NEVER EVER trade FOREX without placing a Stop Loss Order.
- PLACE a STOP order, right along with your ENTRY order, via your online trading station, to prevent potential losses.
- Before initiating any trade, you have to calculate at what point ( price) you would be wrong, because the market changed direction, and would want to cut your losses.
To make profits, in the FOREX, a trader can enter the market with a *buy position* (known as going "long") or a *sell position* (known as going "short").
As an example let's assume you've been studying the EURO. The EURO is paired first with the U.S. dollar or USD.
Your trading methods, rules, strategies, etc., tell you that the EURO will rice in the next 2 weeks, So you buy the EUR/USD pair meaning you will simultaneously buy EUROS, and SELL dollars).
You open up your excellent trading station software (provided to you for free by Fenix Capital Management, LLC www.fenixcapitalmanagement.com ) and you see that the EUR/USD pair is trading at:
- EUR/USD: 1.2010/1.2013
As you you believe that the market price for the EUR/USD pair will go higher, you will enter a *buy position* in the market.
- As an example, lets say you bought one lot EUR/USD at 1.2013. As long as you sell back the pair at a higher price, then you make money.
REMEMBER Selling ("going short") the currency pair implies selling the first, base currency, and buying the second, quote currency. You sell the currency pair if you believe the base currency (USD) will go down relative to the quote currency (JPY), or equivalently, that the quote currency (JPY) will go up relative to the base currency (USD). To illustrate a typical FX SELL trade, consider this scenario involving the USD/JPY currency pair.
What You Need to Know about FOREX
forex trading was not easy for most people because foreign exchange trading was exclusively allowed for large financial organizations for example banks and known stock exchange firms. Small investors had no place in the trade.
Internet and computer arrival has brought about a new way that allows anybody to try it out in forex trading including online trading. Yet and still day trading currency entails a high level of risk and a lot of attentiveness.
At the moment there are various websites that provide online trading. The operations are usually done by trading companies with specialized forex traders who assist newcomers to the trading.
Some of these websites provide study and information courses on forex trading. Others have simulators that simulate actual trading dealings. These can be very useful to new people in the trading game.
Forex trading take place twenty four hours a day with your account being managed by its brokers. You can watch the market proceedings which gives you the assurance of your investment safety.
A very important practice to increase profits in the trading is to watch the currency market every time. If this is not done, it might lead to irresponsible and unsafe investment. In this business strategies are intended to be adhered to. This takes commitment and devotion.
Online forex trading Besides learning the fundamentals and adjusting
- Online forex trading allows you to have access to the most recent data from wherever you are. You are also able to transact any time. Although trading has sometimes been identified as a fast way to make money, the concept is not entirely true. Forex trading is a business that involves systematic experience and plenty of capital.
- Besides learning the fundamentals and adjusting the new learned tips, money management and correct trading techniques is the key to success. Forex day trading can't be taken as a part-time job, because one must have good financial knowledge and market trends.
- If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read the amazing, true story, in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.
- Imagine doubling your money every week with no or little risk! To discover a verified list of Million Dollar Corporations offering you their products at 75% commission to you. Click the link below to learn HOW you will begin compounding your capital towards your first Million Dollars at the easy corporate money program.
online trading statistics and analysis
It is easy to get information on the latest statistics and analysis on online trading websites. In most cases they will update you on the stock prices in real time. In most sites systems such as online and live chats are provided so you can discuss with other investors and forex brokers.
It is advisable to observe currency movement each day not one day then you ignore other days. Forex trading should be taken seriously if you want to win. Currency value is not constant thus it is important to watch it everyday and this will help you make an informed decision on whether to invest in a particular currency and when best to sell.
Sunday, February 8, 2009
Institutional Services
Experienced Management and Trading TeamsGlobal Forex Market’s experienced trading team includes experienced stock investors and traders, money managers, investment consultants, trading system designers, and analysts. To maintain our high standard of service for our customers, we use one of the largest, most respected forex brokers in the industry as our clearing firm; the first online forex firm to allow clients to deal currencies directly using real-time, streaming quotes.Price Transparency and Fast ExecutionIn the front office, our forex trading system offers the highest possible level of price transparency via real time streaming forex quotes, and a speed of execution that's unmatched in the marketplace. Professional traders love the consistency of our prices and our fills. When trading with us, the price you see is the price you get - no more worries about slippage or re-quoting.Consistent LiquidityOur forex broker's relationships with over a half dozen of the world's top FX banks ensure that we are able to offer consistent liquidity and highly competitive dealing spreads. For traders accustomed to dealing over the phone, a 24-hour market making desk is always available to accept phone orders, up to 100 million or more per trade.Lower Transaction CostsLast but not least, no commissions or transaction fees are charged; a feature that is particularly appealing to high volume traders. And while you enjoy commission-free trading, we make it easy for you to establish your own cash- or pip-based fee structure for your clients. These fees can be customized on a per client basis as well as by trade definition, and are easily edited at any time.Back Office ServicesExtensive back office services can be provided including: automated trade allocation and reporting, end of month statements, pip and dollar commission reporting, etc.For more information, or for an online demonstration of our trading platform and reporting tool, please contact us through the link below.
Active FX Traders
Hours:The dealing desk is continually open between Sunday 5:15 PM New York time and Friday 4:00 PM New York time.Mode of Dealing:Quotations, Order Placement, and Confirmation available over the telephone or via the Internet.
Hours
Mode of Dealing
Bid/Ask Spread
Order Sizes
Types of Orders
Margin
Margin Requirement By Currency Pair
Rollover/Interest Policy
Bid/Ask Spread4-5 pips on the Majors and 5-20 pips on the Crosses: • U.S. Dollar / Japanese Yen (5 pips)• U.S. Dollar / Swiss Franc (7 pips)• U.S. Dollar / Canadian Dollar (5 pips)• Euro / U.S. Dollar (5 pips)• Euro / Great Britain Pound (5 pips)• Euro / Japanese Yen (5 pips)• Euro / Swiss Franc (7 pips)• Euro / Canadian Dollar (10 pips)• Euro / Australian Dollar (20 pips)• Great Britain Pound / U.S. Dollar (5 pips)• Great Britain Pound / Japanese Yen (10 pips)• Great Britain pound / Swiss Franc (15 pips)• Swiss Franc / Japanese Yen (10 pips)• Australian Dollar / U.S. Dollar (5 pips)• Australian Dollar / Canadian Dollar (20 pips)• Australian Dollar / Japanese Yen (10 pips)• New Zealand Dollar / U.S. Dollar (5 pips)Order Sizes:On the GFM trading platform all trades are executed in standard sizes of 10,000 base currency per one lot. There is no maximum trading volume on the GFM Trading Station, however, for trading sizes larger than $10,000,000 traders must request a quote over the telephone.Here are some examples:• U.S. Dollar/ Japanese Yen (10,000 U.S. Dollars)• Euro/ U.S. Dollar (10,000 Euros)• Euro/ Great Britain Pound (10,000 Euros)• Euro/ Japanese Yen (10,000 Euros) Types of Orders:The trading platform provides sophisticated order entry and tracking of market orders, entry orders, stop/limit entry orders, and stop-loss orders. All of the above orders are Good Until Cancelled (GTC), which is valid until the order is executed or cancelled. Click here to learn more about the different types of orders.Margin:GFM enables currency trading to be conducted on a highly leveraged basis. Every trader is able to select the degree of leverage or gearing that the trader wishes to employ in trading. Unless the trader specifies otherwise, GFM sets the leverage level at GFM's most lenient requirement. The requirements for leverage vary with account size, and may be changed from time to time at the sole discretion of the dealing desk, based on volume traded and market conditions.Margin Requirement By Currency Pair:
Currency
Mini Account
EUR Based Currency Pairs(EUR/USD, EUR/GBP, EUR/JPY, EUR/CHF, EUR/CAD, EUR/ AUD)
$130 Per Lot *
GBP Based Currency Pairs(GBP/USD, GBP/JPY, GBP/CHF)
$200 Per Lot**
All Other Currency Pairs(USD/JPY, USD/CHF, USD/CAD, AUD/USD, AUD/CAD, AUD/JPY, NZD/AUD, NZD/USD)
$100 Per Lot**
• In the event that EUR/USD moves above 1.3000, the margin requirement for EUR based currency pairs will be adjusted upward to comply with NFA regulations.• In the event that GBP/USD moves above 1.8000, the margin requirement for GBP based currency pairs will be adjusted upward to comply with NFA regulations.Clients must have approximately 1% of the value of the positions they hold in their account for each lot of currency being traded (approximately 100:1 leverage). This amount does not change after 5:00 PM New York time, which is the rollover cut off, but stays constant at approximately 1% per lot the entire day and overnight. There is also an important safety feature imbedded in this system that prevents clients from losing more money than they have in the account. Once the account equity -- meaning the total floating value of the account -- falls below the margin requirement of approximately 1% per lot, the dealing desk will close all positions. Rollover/Interest Policy:In the spot forex market, trades must be settled in two business days. If a trader sells 10,000 euros on Tuesday, the trader must deliver 10,000 euros on Thursday, unless the position is rolled over. As a service to our traders, GFM automatically rolls over all open positions to the next settlement date at 5:00 PM New York time. Rollover involves exchanging the position being held for a position expiring the following settlement date. The positions being exchanged are usually not valued at the same price. The amount of the difference varies greatly based on the currency pair, the interest rate differential between the two currencies, and fluctuates day to day with the movement of prices. On any given day, the rollover is approximately $1 per lot.At 5:00 PM New York Time, funds are subtracted or added to accounts with open positions because of the automatic rollover. For accounts that have a margin requirement of 2% or more, funds are added to the account for positions in which the client is long (holding) the currency bearing the higher interest rate. Funds are deducted in the opposite circumstance. For accounts that do not have a 2% margin requirement, the rollover amount is deducted from the account for each position regardless of the account's holdings. This 2% margin requirement is the most generous policy available to traders in the forex industry, as many firms require 3-5% minimum margin before traders can benefit from rollover. Note: On Wednesdays, the amount added or subtracted to an account as a result of rolling over a position tends to be around three times the usual amount. This "3-Day" rollover accounts for settlement of trades through the weekend period.
Hours
Mode of Dealing
Bid/Ask Spread
Order Sizes
Types of Orders
Margin
Margin Requirement By Currency Pair
Rollover/Interest Policy
Bid/Ask Spread4-5 pips on the Majors and 5-20 pips on the Crosses: • U.S. Dollar / Japanese Yen (5 pips)• U.S. Dollar / Swiss Franc (7 pips)• U.S. Dollar / Canadian Dollar (5 pips)• Euro / U.S. Dollar (5 pips)• Euro / Great Britain Pound (5 pips)• Euro / Japanese Yen (5 pips)• Euro / Swiss Franc (7 pips)• Euro / Canadian Dollar (10 pips)• Euro / Australian Dollar (20 pips)• Great Britain Pound / U.S. Dollar (5 pips)• Great Britain Pound / Japanese Yen (10 pips)• Great Britain pound / Swiss Franc (15 pips)• Swiss Franc / Japanese Yen (10 pips)• Australian Dollar / U.S. Dollar (5 pips)• Australian Dollar / Canadian Dollar (20 pips)• Australian Dollar / Japanese Yen (10 pips)• New Zealand Dollar / U.S. Dollar (5 pips)Order Sizes:On the GFM trading platform all trades are executed in standard sizes of 10,000 base currency per one lot. There is no maximum trading volume on the GFM Trading Station, however, for trading sizes larger than $10,000,000 traders must request a quote over the telephone.Here are some examples:• U.S. Dollar/ Japanese Yen (10,000 U.S. Dollars)• Euro/ U.S. Dollar (10,000 Euros)• Euro/ Great Britain Pound (10,000 Euros)• Euro/ Japanese Yen (10,000 Euros) Types of Orders:The trading platform provides sophisticated order entry and tracking of market orders, entry orders, stop/limit entry orders, and stop-loss orders. All of the above orders are Good Until Cancelled (GTC), which is valid until the order is executed or cancelled. Click here to learn more about the different types of orders.Margin:GFM enables currency trading to be conducted on a highly leveraged basis. Every trader is able to select the degree of leverage or gearing that the trader wishes to employ in trading. Unless the trader specifies otherwise, GFM sets the leverage level at GFM's most lenient requirement. The requirements for leverage vary with account size, and may be changed from time to time at the sole discretion of the dealing desk, based on volume traded and market conditions.Margin Requirement By Currency Pair:
Currency
Mini Account
EUR Based Currency Pairs(EUR/USD, EUR/GBP, EUR/JPY, EUR/CHF, EUR/CAD, EUR/ AUD)
$130 Per Lot *
GBP Based Currency Pairs(GBP/USD, GBP/JPY, GBP/CHF)
$200 Per Lot**
All Other Currency Pairs(USD/JPY, USD/CHF, USD/CAD, AUD/USD, AUD/CAD, AUD/JPY, NZD/AUD, NZD/USD)
$100 Per Lot**
• In the event that EUR/USD moves above 1.3000, the margin requirement for EUR based currency pairs will be adjusted upward to comply with NFA regulations.• In the event that GBP/USD moves above 1.8000, the margin requirement for GBP based currency pairs will be adjusted upward to comply with NFA regulations.Clients must have approximately 1% of the value of the positions they hold in their account for each lot of currency being traded (approximately 100:1 leverage). This amount does not change after 5:00 PM New York time, which is the rollover cut off, but stays constant at approximately 1% per lot the entire day and overnight. There is also an important safety feature imbedded in this system that prevents clients from losing more money than they have in the account. Once the account equity -- meaning the total floating value of the account -- falls below the margin requirement of approximately 1% per lot, the dealing desk will close all positions. Rollover/Interest Policy:In the spot forex market, trades must be settled in two business days. If a trader sells 10,000 euros on Tuesday, the trader must deliver 10,000 euros on Thursday, unless the position is rolled over. As a service to our traders, GFM automatically rolls over all open positions to the next settlement date at 5:00 PM New York time. Rollover involves exchanging the position being held for a position expiring the following settlement date. The positions being exchanged are usually not valued at the same price. The amount of the difference varies greatly based on the currency pair, the interest rate differential between the two currencies, and fluctuates day to day with the movement of prices. On any given day, the rollover is approximately $1 per lot.At 5:00 PM New York Time, funds are subtracted or added to accounts with open positions because of the automatic rollover. For accounts that have a margin requirement of 2% or more, funds are added to the account for positions in which the client is long (holding) the currency bearing the higher interest rate. Funds are deducted in the opposite circumstance. For accounts that do not have a 2% margin requirement, the rollover amount is deducted from the account for each position regardless of the account's holdings. This 2% margin requirement is the most generous policy available to traders in the forex industry, as many firms require 3-5% minimum margin before traders can benefit from rollover. Note: On Wednesdays, the amount added or subtracted to an account as a result of rolling over a position tends to be around three times the usual amount. This "3-Day" rollover accounts for settlement of trades through the weekend period.
Mini Trading
Why Trade a Mini Account?
Develop a Disciplined Trading Strategy without Focusing on P/L
Why Trade a Mini Account?The GFM Mini account is designed for those new to online currency trading and those with limited investment capital. There is a smaller deposit required to open a GFM Mini account and trading sizes are 1/10th the size of a regular account. The smaller trade size greatly reduces the risk associated with currency trading. Although the GFM Mini account provides as much leverage as a regular account, clients have the opportunity to take smaller size positions, taking on less total risk. The GFM Mini is intended to introduce traders to the excitement of currency trading while minimizing risk. Develop a Disciplined Trading Strategy without Focusing on P/LThe Mini account can be a useful asset in assisting traders to cultivate a disciplined trading strategy without focusing on P/L. When trading larger volumes on the standard account, traders with smaller account balances tend to watch their equity fluctuate and base trading decisions on emotional reactions to these fluctuations. For example, traders tend to resist closing-out trades at a loss, using the rationale that the market will turn around. Traders also tend to immediately take their profits when the market is moving in their direction, rather than maximizing their gains by letting their profits run. For example, a 20-pip profit on a 100,000 Euro trade is $200. For a $5000 account, this is equivalent to 4% of the account equity, compelling the average trader to take their profit, though the trade has a 100-pip profit potential. On the reverse side, no one wants to realize a $200 loss, so traders tend to hold a losing position until the loss is too much to bear. On the Mini account, this same example would translate to $20, which takes all the emotion out of the P/L, since $20 is insignificant to most traders. A Mini account allows traders to focus on the proper chart points, trade signals, and really learn currency trading without paying attention to their $P/L. In the long run, this will lead to more profits and less losses. Until clients are completely comfortable trading currencies on a highly leveraged basis, trading smaller amounts on The GFM Mini is highly recommended.
Develop a Disciplined Trading Strategy without Focusing on P/L
Why Trade a Mini Account?The GFM Mini account is designed for those new to online currency trading and those with limited investment capital. There is a smaller deposit required to open a GFM Mini account and trading sizes are 1/10th the size of a regular account. The smaller trade size greatly reduces the risk associated with currency trading. Although the GFM Mini account provides as much leverage as a regular account, clients have the opportunity to take smaller size positions, taking on less total risk. The GFM Mini is intended to introduce traders to the excitement of currency trading while minimizing risk. Develop a Disciplined Trading Strategy without Focusing on P/LThe Mini account can be a useful asset in assisting traders to cultivate a disciplined trading strategy without focusing on P/L. When trading larger volumes on the standard account, traders with smaller account balances tend to watch their equity fluctuate and base trading decisions on emotional reactions to these fluctuations. For example, traders tend to resist closing-out trades at a loss, using the rationale that the market will turn around. Traders also tend to immediately take their profits when the market is moving in their direction, rather than maximizing their gains by letting their profits run. For example, a 20-pip profit on a 100,000 Euro trade is $200. For a $5000 account, this is equivalent to 4% of the account equity, compelling the average trader to take their profit, though the trade has a 100-pip profit potential. On the reverse side, no one wants to realize a $200 loss, so traders tend to hold a losing position until the loss is too much to bear. On the Mini account, this same example would translate to $20, which takes all the emotion out of the P/L, since $20 is insignificant to most traders. A Mini account allows traders to focus on the proper chart points, trade signals, and really learn currency trading without paying attention to their $P/L. In the long run, this will lead to more profits and less losses. Until clients are completely comfortable trading currencies on a highly leveraged basis, trading smaller amounts on The GFM Mini is highly recommended.
Online Forex Trading Introduction
The online Forex market, also known simply as Forex, FX or the foreign exchange market is the biggest trading market in the world, with daily Forex trading that exceed $2 trillion.
Even tough we are talking about a huge market, Forex trading is quite simply - the buying of one currency while at the same time selling of another currency. If the trader can predict correctly which currencies will drop and which will rise - he will benefit from his investment.
There are a lot of benefits in Forex investing over other investment markets.
Why is Online Forex Trading Profitable?
The online Forex market has existed since the early 70's. Only in the past few years though, it has become accessible to millions of people through the development of the internet. Because the Forex market is available 24 hours a day, it's the only market that allows you to trade at your convenient time.
Today, because the economy is much more dynamic than it used to be, and the world has become a global village, economic conditions in various countries are also constantly changing, according to such factors as production rate, inflation and unemployment.
As a result, the rate of a specific currency changes and moves up and down in comparison to other currencies. This is the main reason of the process of rate fluctuations in the online Forex market.
In order to evaluate and predict these Forex market changes a trader can use fundamental analysis or technical analysis as a tool for investment. Where as fundamental analysis is a more broad exploration into the economic factors influencing the online Forex, technical analysis uses charts and other indicators to asses price patterns taht re-occur over time and can help predict the forex market.
Foreign Currency exchange rate
Currency exchange rate is the ratio of one currency valued against another. For example, "EUR/USD exchange rate is 1.2505" means that one euro is traded for 1.2505 dollars. If you've already invested in other markets before, you'll find the Forex trading system quite similar, and the transaction to online Forex trading smooth. An example of a Forex trade: During October 2006 you buy 10,000 BRP when the BRP/USD rate was 0.56. A month later, the exchange rate grew to 0.58. This means a profit of $350 in less than a month time.
Online Forex Trading Profits
Another example of an online Forex trade: If you buy EUR/USD, this means you are buying euros, and simultaneously are selling dollars. Your expectation therefore is that the euro will appreciate (go up) relative to the US dollar.
If you believe that the US economy will weaken and this will hurt the US dollar, you would execute a buy EUR/USD order. By doing so you will buy euros in the expectation that the currency will appreciate against the US dollar. If you believe that the US economy is strong and the euro will weaken against the US dollar you would execute a sell EUR/USD order. By doing so you have sold euros in the expectation that they will depreciate against the US dollar. More information concerning online Forex trading is available at Forex Floor.
Brat Milman - Managing Editor
Even tough we are talking about a huge market, Forex trading is quite simply - the buying of one currency while at the same time selling of another currency. If the trader can predict correctly which currencies will drop and which will rise - he will benefit from his investment.
There are a lot of benefits in Forex investing over other investment markets.
Why is Online Forex Trading Profitable?
The online Forex market has existed since the early 70's. Only in the past few years though, it has become accessible to millions of people through the development of the internet. Because the Forex market is available 24 hours a day, it's the only market that allows you to trade at your convenient time.
Today, because the economy is much more dynamic than it used to be, and the world has become a global village, economic conditions in various countries are also constantly changing, according to such factors as production rate, inflation and unemployment.
As a result, the rate of a specific currency changes and moves up and down in comparison to other currencies. This is the main reason of the process of rate fluctuations in the online Forex market.
In order to evaluate and predict these Forex market changes a trader can use fundamental analysis or technical analysis as a tool for investment. Where as fundamental analysis is a more broad exploration into the economic factors influencing the online Forex, technical analysis uses charts and other indicators to asses price patterns taht re-occur over time and can help predict the forex market.
Foreign Currency exchange rate
Currency exchange rate is the ratio of one currency valued against another. For example, "EUR/USD exchange rate is 1.2505" means that one euro is traded for 1.2505 dollars. If you've already invested in other markets before, you'll find the Forex trading system quite similar, and the transaction to online Forex trading smooth. An example of a Forex trade: During October 2006 you buy 10,000 BRP when the BRP/USD rate was 0.56. A month later, the exchange rate grew to 0.58. This means a profit of $350 in less than a month time.
Online Forex Trading Profits
Another example of an online Forex trade: If you buy EUR/USD, this means you are buying euros, and simultaneously are selling dollars. Your expectation therefore is that the euro will appreciate (go up) relative to the US dollar.
If you believe that the US economy will weaken and this will hurt the US dollar, you would execute a buy EUR/USD order. By doing so you will buy euros in the expectation that the currency will appreciate against the US dollar. If you believe that the US economy is strong and the euro will weaken against the US dollar you would execute a sell EUR/USD order. By doing so you have sold euros in the expectation that they will depreciate against the US dollar. More information concerning online Forex trading is available at Forex Floor.
Brat Milman - Managing Editor
Forex trading History Explained
The modern online Forex history begins in 1973. Even though has been around since the times of ancient Egypt, which at that time the market was extremely primitive, and there were no advance trading tools as today'sfor example.
The first currency coins were used at the times of the pharos, and the first paper notes were then introduced by the Babylonians. Later on, the roman coin called aureus was used, which was followed by the denarius. Both coins had worldwide use, making them the first global foreign currency coins.
The Bretton Woods System (1944-1973), came after the great instability of World War II. England and other European countries were left in ruins, after the war ended, while the US's economy was left relatively stable and strong.
The USD became the prominent currency after WWII, mainly because of the war. The Dollar also became the new global reserve currency, and remained so throughout the rest of the Forex history. This was agreed upon in the Bretton Woods conference, when all of the other foreign currencies were pegged to the USD, and a new international financial network was formed.
In 1971, the Smithsonian Agreement was signed by ten of the major financial powers, but it's attempt to improve stability to the current Forex history failed.
Free Floating exchange rates came into use when the Bretton Woods agreement ended. This occurred after this international financial system was in operation for three decades in the Forex history.
During 1973, the UK, facing financial problems, floated it's currency. Other currencies began to lose value, and this led the European economies to also float their currencies.
1994 saw the first online currency trading introduced to Forex history. This had a large impact on the development of the Euro currency, and introduced a new major contender to the control of the USD in the Forex history. By 2002 the Euro became the official currency for 12 European nations, and in the past few years more nations have joined this agreement. The modern online forex history offered new options for the online trader, such as to leverage investments, and this is all thanks to the contribution of the internet to the forex history.
Jim Barns, Market Analyst
The first currency coins were used at the times of the pharos, and the first paper notes were then introduced by the Babylonians. Later on, the roman coin called aureus was used, which was followed by the denarius. Both coins had worldwide use, making them the first global foreign currency coins.
The Bretton Woods System (1944-1973), came after the great instability of World War II. England and other European countries were left in ruins, after the war ended, while the US's economy was left relatively stable and strong.
The USD became the prominent currency after WWII, mainly because of the war. The Dollar also became the new global reserve currency, and remained so throughout the rest of the Forex history. This was agreed upon in the Bretton Woods conference, when all of the other foreign currencies were pegged to the USD, and a new international financial network was formed.
In 1971, the Smithsonian Agreement was signed by ten of the major financial powers, but it's attempt to improve stability to the current Forex history failed.
Free Floating exchange rates came into use when the Bretton Woods agreement ended. This occurred after this international financial system was in operation for three decades in the Forex history.
During 1973, the UK, facing financial problems, floated it's currency. Other currencies began to lose value, and this led the European economies to also float their currencies.
1994 saw the first online currency trading introduced to Forex history. This had a large impact on the development of the Euro currency, and introduced a new major contender to the control of the USD in the Forex history. By 2002 the Euro became the official currency for 12 European nations, and in the past few years more nations have joined this agreement. The modern online forex history offered new options for the online trader, such as to leverage investments, and this is all thanks to the contribution of the internet to the forex history.
Jim Barns, Market Analyst
Why Forex Trading
If you want to know why the Forex trading market is superiors to other investor options such as or then you can rest assure that you'll find the answer in this page.
The best way to clarify the advantages of the Forex market is through a real example. In 1929, the stock market collapsed, causing many people and businesses from around the world to go broke. This also happened when the high tech bubble burst. The fear of a market crash is a concern that constantly dwells in the minds of investors, both professional and beginner ones.
In the online Forex trading market, There is no way for the market to crash. If you have read about , then you know that when you buy a certain currency, you are at the same time selling another currency. When some currencies' price false, others' price rise.
So this is the most important advantage of Unlike other markets, where in some cases all traders lose money, with Forex trading there are always traders that make a profit, at any given time.
Here are some other advantages of the Forex trading market:
No commissions. Only in the Forex trading market are there no government fees, brokerage commissions, exchange fees and other unnecessary losses of cash. There are also low transaction costs between the
No middlemen. In this market there are no investors that take a percentage of the investment or the profit, and you transact directly with the pricing market agent.
You can choose the size of your investment. The Forex trading lot is dynamic, and is set according to your preference. This lot can vary between large lots worth $10,000 to mini lots worth $25.
High liquidity. In the Forex trading market you can buy and sell your currency at any time and place, regardless of the currency position, when the trade itself is done almost instantaneously.
Trading in the margin. Forex trading consists of that increase your chances for higher profits by increasing your money's worth.
Opened 24 hours a day. Because it's worldwide and operates in several time zones, the Forex trading market is the only market that you can trade in 24 hours a day.
With all of these wonderful advantages, there is no wonder more and more investors choose Forex trading as there main fund for investment. Because all transactions can be done online, you don't even have to leave your house! Tania Raven, Market Analyst
The best way to clarify the advantages of the Forex market is through a real example. In 1929, the stock market collapsed, causing many people and businesses from around the world to go broke. This also happened when the high tech bubble burst. The fear of a market crash is a concern that constantly dwells in the minds of investors, both professional and beginner ones.
In the online Forex trading market, There is no way for the market to crash. If you have read about , then you know that when you buy a certain currency, you are at the same time selling another currency. When some currencies' price false, others' price rise.
So this is the most important advantage of Unlike other markets, where in some cases all traders lose money, with Forex trading there are always traders that make a profit, at any given time.
Here are some other advantages of the Forex trading market:
No commissions. Only in the Forex trading market are there no government fees, brokerage commissions, exchange fees and other unnecessary losses of cash. There are also low transaction costs between the
No middlemen. In this market there are no investors that take a percentage of the investment or the profit, and you transact directly with the pricing market agent.
You can choose the size of your investment. The Forex trading lot is dynamic, and is set according to your preference. This lot can vary between large lots worth $10,000 to mini lots worth $25.
High liquidity. In the Forex trading market you can buy and sell your currency at any time and place, regardless of the currency position, when the trade itself is done almost instantaneously.
Trading in the margin. Forex trading consists of that increase your chances for higher profits by increasing your money's worth.
Opened 24 hours a day. Because it's worldwide and operates in several time zones, the Forex trading market is the only market that you can trade in 24 hours a day.
With all of these wonderful advantages, there is no wonder more and more investors choose Forex trading as there main fund for investment. Because all transactions can be done online, you don't even have to leave your house! Tania Raven, Market Analyst
Forex Vs Currency Futures
If you have read our article you probably already know why Forex is a superior market in measuring up to the equities market. In this article we will evaluate the Forex market in conjunction with the currency futures market. Of course there are various points of distinction between each of these markets – historical, philosophical and technical to name a few. In this article we will review some significant differences between the two markets that reflect the way you trade and make money in each of them.
One of the biggest advantages the Forex market has to offer is its unparalleled volume. In fact, the amount of money traded every day on the Forex market is over 50 times bigger than the volume on the futures market. If you have read our previous Forex trading articles you probably already know that the Forex market is the biggest financial market in the world. Fact is that this size does not only indicate the popularity of the market but most of all it shows the amount of trading opportunities you can find on this market. The Forex market offers a place for any trader, from the smallest pastime traders to the professional, high-rollers.
Margin accounts and leveraging in the Forex market is quite different from the currency futures market. Currency futures brokers give different margin and take different commissions for 'day trade' and 'overnight' positions. Also, the margin rates that the futures brokers give usually depend on the size of the deal. On the other hand, Forex brokers offer the same leverage and the same margin rates at all times, day or night and with no concern to the size of the trade.
The learning curve of a new trader in the Forex market is not as steep as the one in the futures market. The methodology and quotes used in the Forex market are very easily understood and are quite intuitive, even to new traders. The futures market on the other hand is completely different. The price quotes of currency futures are inversions of regular prices that are used only in this market. Furthermore, the futures market demands many complicated adjustments. To name a few, the futures prices include time factors, interest rates and discrepancies between interest rates of different currencies. This turns the futures market into a much less intuitive and friendly market.
In summary, the Forex market has many significant advantages over the currency futures market that turn it into the natural choice for any entrepreneur or smart investor.
Brat Milman, Editor
One of the biggest advantages the Forex market has to offer is its unparalleled volume. In fact, the amount of money traded every day on the Forex market is over 50 times bigger than the volume on the futures market. If you have read our previous Forex trading articles you probably already know that the Forex market is the biggest financial market in the world. Fact is that this size does not only indicate the popularity of the market but most of all it shows the amount of trading opportunities you can find on this market. The Forex market offers a place for any trader, from the smallest pastime traders to the professional, high-rollers.
Margin accounts and leveraging in the Forex market is quite different from the currency futures market. Currency futures brokers give different margin and take different commissions for 'day trade' and 'overnight' positions. Also, the margin rates that the futures brokers give usually depend on the size of the deal. On the other hand, Forex brokers offer the same leverage and the same margin rates at all times, day or night and with no concern to the size of the trade.
The learning curve of a new trader in the Forex market is not as steep as the one in the futures market. The methodology and quotes used in the Forex market are very easily understood and are quite intuitive, even to new traders. The futures market on the other hand is completely different. The price quotes of currency futures are inversions of regular prices that are used only in this market. Furthermore, the futures market demands many complicated adjustments. To name a few, the futures prices include time factors, interest rates and discrepancies between interest rates of different currencies. This turns the futures market into a much less intuitive and friendly market.
In summary, the Forex market has many significant advantages over the currency futures market that turn it into the natural choice for any entrepreneur or smart investor.
Brat Milman, Editor
Forex Vs Equities
Any novice Forex trader questions himself sooner or later – "Why did I choose the Forex market, is it definitely the best financial market for me?" Usually this question arises from curiosity and nothing else, but curiosity must be satisfied.
In the next two articles our team will point the evident advantages the Forex market has over other well-known financial markets, starting with the famous US equities market. Any person with a feel for economics and trading experiences some sensation to the sound of Wall Street, but does it truly measure up to the colossal forex market?
First, the key benefit the forex market offers is its 24-hour accessibility. When you are trading forex it doesn’t matter at all whether it is 5am or 5pm. Time differences and market dynamics make sure there will always be an eager trader somewhere around the globe looking for a deal. This feature gives you the privilege to respond to any financial developments, as soon as they transpire. Furthermore, the prices of forex can not be affected from after-hours trade.
An additional key aspect of the forex market is its unmatched liquidity. This legendary liquidity is derived from the market's immense size, more than 50 times larger than the total trade in the US stock exchange. None the less, it's seemingly impossible size, which sometimes creates certain repulsion, and its liquidity creates stability like in no other market. The forex market is one of the most solid financial markets throughout the modern financial history.
Online forex has many advantages that the equities market can't even dream of. The leveraging that online forex brokers present is significantly better than any possible offer you can find on the equities market. The margin that the online forex firms can offer is extremely larger than the standard 2:1 you'll get from your equity broker. The margin you get while trading forex can go even up to 100:1, and in some cases even 200:1. You are welcome to learn more about margin and leveraging in our "Margin trading overview.
Read more about the advantages in the next article that will compare the forex market to the equities market.
In the next two articles our team will point the evident advantages the Forex market has over other well-known financial markets, starting with the famous US equities market. Any person with a feel for economics and trading experiences some sensation to the sound of Wall Street, but does it truly measure up to the colossal forex market?
First, the key benefit the forex market offers is its 24-hour accessibility. When you are trading forex it doesn’t matter at all whether it is 5am or 5pm. Time differences and market dynamics make sure there will always be an eager trader somewhere around the globe looking for a deal. This feature gives you the privilege to respond to any financial developments, as soon as they transpire. Furthermore, the prices of forex can not be affected from after-hours trade.
An additional key aspect of the forex market is its unmatched liquidity. This legendary liquidity is derived from the market's immense size, more than 50 times larger than the total trade in the US stock exchange. None the less, it's seemingly impossible size, which sometimes creates certain repulsion, and its liquidity creates stability like in no other market. The forex market is one of the most solid financial markets throughout the modern financial history.
Online forex has many advantages that the equities market can't even dream of. The leveraging that online forex brokers present is significantly better than any possible offer you can find on the equities market. The margin that the online forex firms can offer is extremely larger than the standard 2:1 you'll get from your equity broker. The margin you get while trading forex can go even up to 100:1, and in some cases even 200:1. You are welcome to learn more about margin and leveraging in our "Margin trading overview.
Read more about the advantages in the next article that will compare the forex market to the equities market.
Understanding and Trading Forex Currency Pairs
Any Forex trading transaction is made of the buying of one currency and the simultaneous selling of another currency. The two Forex trading currencies being traded are called the currency pair. A currency quote is made of these two pairs of Forex trading currencies, situated together and divided by a line (for example, EUR/USD).
There are various Forex currency pairs to choose from. These are divided into major and minor currencies. Major currencies are the seven most frequently traded currencies, which include the USD, EUR, JPY, GBP, CHF, CAD and AUD. All other currencies are called minor currencies, and include the NZD (the New Zealand dollar) and the ZAR (the South African rand).
Cross currencies are types of Forex trading currency pairs that both do not consist of the USD. For example; the pair CHF/JPY, worth 84.50 which would mean that one Swiss franc is equal to 84.50 Japanese yen. Sometimes not all of the currencies are available for you to buy and sell, so you should check this factor out when .
The first currency in a pair is called the base currency. In most Forex trading options this is the USD. The main exceptions for this are the EUR, GBP and the AUD currencies, which appear before the USD in a quote. The base currency will also appear before the quote currency when you use with charts of different sorts.
The second currency in a currency pair is called the quote currency. This currency shows your profits and losses for the
Following are example of major currency pairs:
EUR/USD – Here the base currency is the EUR, and the quote is the USD.
USD/JPY
GBP/USD
USD/CHF
EUR/CHF – This is an example of a cross currency.
AUD/USD
USD/CAD
NZD/USD
EUR/GBP
EUR/JPY
BP/JPY
CHF/JPY
GBP/CHF
EUR/AUD
Jim Barns, Market Analyst
There are various Forex currency pairs to choose from. These are divided into major and minor currencies. Major currencies are the seven most frequently traded currencies, which include the USD, EUR, JPY, GBP, CHF, CAD and AUD. All other currencies are called minor currencies, and include the NZD (the New Zealand dollar) and the ZAR (the South African rand).
Cross currencies are types of Forex trading currency pairs that both do not consist of the USD. For example; the pair CHF/JPY, worth 84.50 which would mean that one Swiss franc is equal to 84.50 Japanese yen. Sometimes not all of the currencies are available for you to buy and sell, so you should check this factor out when .
The first currency in a pair is called the base currency. In most Forex trading options this is the USD. The main exceptions for this are the EUR, GBP and the AUD currencies, which appear before the USD in a quote. The base currency will also appear before the quote currency when you use with charts of different sorts.
The second currency in a currency pair is called the quote currency. This currency shows your profits and losses for the
Following are example of major currency pairs:
EUR/USD – Here the base currency is the EUR, and the quote is the USD.
USD/JPY
GBP/USD
USD/CHF
EUR/CHF – This is an example of a cross currency.
AUD/USD
USD/CAD
NZD/USD
EUR/GBP
EUR/JPY
BP/JPY
CHF/JPY
GBP/CHF
EUR/AUD
Jim Barns, Market Analyst
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