Wednesday, November 28, 2007
History of the Foreign Exchange
Until the mid-seventies, major industrial economies were governed by the Bretton Woods agreement of 1944. The Bretton Woods agreement—which was named after the location of the international conference establishing this new monetary order—obliged participating international economies to peg their currencies to the dollar, which itself remained within a 1% standard deviation from the prevailing gold rate.The architects of the Bretton Woods agreement hoped to prevent countries from artificially devaluating currencies, in order to make goods more attractive in the international marketplace, which led, in part, to a disastrous shrinking of the world economy in the 30s.The system they established lasted for the next three decades. Shrinking confidence in the dollar, however, lead to a new international monetary system of floating rates, meaning that regular market forces, rather than governmental intervention, would determine the value of currencies. It was from this new system that the modern Forex market arose.In a floating exchange rate system, market demand determines the relative value of currencies. Such a system is thought of as self-correcting, as any inefficiency is hammered out in the market. If, for instance, global demand for a particular currency falls, goods will become cheaper, and thus the value will begin to rise with the newly created demand.In a floating exchange system, traders can exploit inefficiencies before the market corrects itself. These traders are called arbitrageurs, and they are able to utilize online brokers to execute their trades. If you are interested in beginning to trade in the Foreign Exchange, please visit our broker’s page to find a broker suitable for you.
Forex Scalping
Forex scalping is a trading strategy in which the trader makes dozens or even hundreds of trades daily, looking to capture a few pips per trade. Generally, scalpers stay in trades for less than a minute, bolting as soon as their position captures a few pips.Brokers do not look kindly upon scalpers, as many times scalpers will exit a position before the dealing desk has time to deal your order. This means that the brokerage has to eat the position—a successful scalper will consistently earn money—money that comes directly from the brokerage’s pocket.To avoid this conflict of interest between scalpers and the brokerages, scalpers often trade with electronic communication network (ECN) brokerages, which circumvent the dealing desk allowing online traders to trade directly with one another. ECN brokerages usually have less liquidity than traditional dealing desk brokerages and charge a per trade commission, but their pip spreads are narrower.To be a successful online Forex scalper, traders must follow strict risk management rules. Because the scalper grabs only a couple of pips at a time, one big loss can wipe out dozens and dozens of careful, meticulous trading. Traders should be sure to use stop loss orders, ensuring that the profit/loss margin on each trade is very small.
Carry Trading
The carry trade is a popular online Forex strategy which takes advantage of the different interest rates between two currencies. If one currency has a relatively low interest rate it can be sold against a currency with a high interest rate and the trader may pocket the interest rate differential. Speculators are guaranteed rollover interest deposits in their account at the end of each trading day. This can provide a significant boost to trader’s profit. If, for instance, an investor buys the NZD against the JPY, which have interest rates of 7.25 and .25 respectively, the trader can make a profit of 7% provided the market doesn’t move.However, even when exploiting interest rate differentials, there are still significant risks to a trader. Obviously, the market can still move against the trader’s position, though the rollover interest adjustments do help mitigate potential losses. Considering that most carryover traders use exceptionally high leverages to exploit interest rate differentials, even a small move against a position can lead to very high losses
How do I get started in Forex?
Do you see the profit potential in trading currencies, but learning to trade just seems too daunting? Have you watched with excitement the recent crashing of the value of the USD, but simply don’t know how to get started trading?
While it is simple to begin trading Forex online, maintaining profitability in the long term is no easy task. You have probably heard that 90% of Forex traders lose their money in the long term. If indeed this is true, it is the result of a couple of different factors.
Overtrading: Each trade costs you a couple of pips—Consider your trades well before you make them. Each faulty trade, even if exited quickly, drains equity.
Bad money management: One bad trade can wipe out a year of patient, smart trading. Manage your risk using stop loss orders, so that you never risk too high a percentage of your equity on any one single trade.
Lack of knowledge: If you have never traded Forex before, educate yourself! Successful traders are not born that way. The difference between success and failure in the Forex market depends in no small part on the knowledge and education of a trader. For the beginning trader, a proper education is essential before investing in the Foreign Exchange. Find a program you are comfortable with, and begin practicing on a demo account.
Trading on the foreign exchange offers unparalleled opportunities for profit, but it is also extremely risky. Make sure you know what you are getting into before you start trading, and start trading only when you are comfortable in your knowledge and ability.
While it is simple to begin trading Forex online, maintaining profitability in the long term is no easy task. You have probably heard that 90% of Forex traders lose their money in the long term. If indeed this is true, it is the result of a couple of different factors.
Overtrading: Each trade costs you a couple of pips—Consider your trades well before you make them. Each faulty trade, even if exited quickly, drains equity.
Bad money management: One bad trade can wipe out a year of patient, smart trading. Manage your risk using stop loss orders, so that you never risk too high a percentage of your equity on any one single trade.
Lack of knowledge: If you have never traded Forex before, educate yourself! Successful traders are not born that way. The difference between success and failure in the Forex market depends in no small part on the knowledge and education of a trader. For the beginning trader, a proper education is essential before investing in the Foreign Exchange. Find a program you are comfortable with, and begin practicing on a demo account.
Trading on the foreign exchange offers unparalleled opportunities for profit, but it is also extremely risky. Make sure you know what you are getting into before you start trading, and start trading only when you are comfortable in your knowledge and ability.
Forex Trading Strategy
The first thing someone needs when beginning in the Forex Trading market is a well thought out Forex trading strategy. This is because those who do not have a good Forex trading strategy usually end up failing miserably. Of course those who are also in it just for a quick buck will invariably end up losing in the long run. Those without a clear Forex trading strategy will either lose constantly or just break even.
A lot of times the Forex trading strategy will be different depending on different Forex traders. This is because different kinds of Forex traders needs require different kinds of Forex trading strategies. A Forex trading strategy for a Forex day trader will reflect their need to be concerned with day-to-day fluctuations than long-term data. This means that someone who is deciding to become a Forex trader needs to first decide what kind of Forex trader he or she are going to be. Once they decide which kind of Forex trader they are going to be they will better be able to plan their Forex trading strategy.
A very important aspect of every Forex Trading strategy is to be able to lessen any losses or eliminate them altogether. This part of the Forex trading strategy is one that needs to be followed strictly or it can make things a complete mess. Someone who is a Forex day trader will most likely make smaller stops. On the other hand a Forex swing trader will have stops that are less limited. These are both different kinds of foreign exchange trading strategies, but can both lessen losses immensely for either kind of Forex trader.
Another part of a good Forex trading strategy is to plan the size of Forex transactions. This allows many different Forex trades to be made at any time instead of just one huge Forex transaction. This will lessen any loss, by dividing the Forex trades, so not all are affected. This also brings in more discipline to the equation.
Following the Forex trading strategy that you plan out requires discipline and following it to the letter, because the Forex market does not always lend itself to the best opportunities in Forex trading. In the Forex market it is mostly about timing, if not all about timing. Understanding this and incorporating it into your Forex Trading strategy is how you will benefit the most from it.
A few other things that need to be incorporated into a good Forex Trading strategy is first of all acquiring accurate knowledge about the way it works, different things that can affect Forex trade and what various Forex software and services that are available to meet their needs for Forex charting and such. One last thing that needs to be included of course is what other Forex traders are doing, allowing the Forex Trading strategy to be planned accordingly.
There are many tools available to help analyze and understand the market movements and patterns. As a beginning FOREX trader you should study each tool independently to develop a good working knowledge of its function and use. As you master each tool you can continue to use it while you educate yourself on the next tool you want to learn. Since many of these tools are similar you will find that the time it takes you to learn a new tool continues to drop as you become familiar with more of them.
You will find many Forex trading strategies are based on "support" and "resistance" levels. The support level is what is considered the bottom price for a currency; the currency will drop to this level and then eventually rise again. The resistance level is just the opposite this is the top price that the currency will reach but does not normally exceed. Once it reaches this point it will eventually drop again. It is normal for support and resistance levels to gradually shift over time.
If a currency suddenly moves beyond it's normal support or resistance levels then it is expected that the currency will continue to move in that direction for a time. A currency is considered to be "bullish" when it is moving up, if a currency becomes bullish and breaks through its normal resistance level it is expected to continue moving upward for a time.
You need to study Forex price charts to determine the support and resistance levels for a currency. You study the charts looking for an unbroken pattern of high and low prices that the currency does not exceed. The longer time span you use for your charting the more accurate and dependable your final analysis will be. You can then use these levels to determine at what point you want to enter and exit a trade.
This just one Forex Trading strategy that a Forex trader can use, this one is based entirely on Forex technical analysis. To be truly successful a FOREX trader needs multiple Forex Trading strategies that they can employ based on market conditions.
Forex Trading Strategy and Economic Indicators
The promise of "Easy Money" captures the interest of many beginning Forex traders. You can find offers all over the Internet claiming, "risk free trading", "low investment", and "high returns". While there is some truth in these statements you will find that they are over simplified and the reality of FOREX trading is a little more complicated.
It is very tempting to dive right in and start Forex Trading as soon as you open your FOREX TRADING account. Doing this will most likely lead you to make the two most common Forex Trading mistakes of beginning Forex investors. These are trading based on emotions and trading without a philosophy or Forex Trading strategy. While watching the movements of a currency pair you may feel that you are letting an opportunity pass by if you don't get involved. So you buy only to see the price start moving against you, in a panic you sell at a loss, to then watch the price recover.
You must have a rational Forex Trading strategy and not base any decisions on emotion. Undisciplined Forex trading like the scenario described above will only lead to losing money in the Forex trading
You have to be well educated in Forex market movements to make rational Forex trading decisions. You must be able to read Forex Trading technical studies and Forex Trading analyses and use that information to plot out entry and exit Forex Trading points. You must be able to use the various types of Forex trade orders available to maximize your Forex Trading profits and minimize your Forex trading losses.
The first thing you have to do is to understand the market and the forces that move it and affect it. Learn who trades on the FOREX market and why do they do it. Who are the successful Forex traders and what do they do that makes them successful Forex Traders. By doing this you will be able to identify the successful Forex trading strategies and use them to help you develop a Forex Trading strategy of your own.
Banks, Corporations, Governments, investment funds, and traders are the major groups of investors in the foreign exchange market. While they all have their own objectives four of these five all have one thing in common. They have external controls; these are rules and guidelines that control the Forex trades that they make and the basis that they can be held accountable to. The exception to that is the individual Forex traders, they are accountable only to themselves.
A Forex trader that enters the market with out rules and guidelines is setting himself or herself up to lose money. The "big boys" and the well educated Forex investors all approach Forex trading with strategies, if you want to play on the same field with them and be successful Forex trader you will have to play by the same rules. You absolutely must have a Forex trading strategy, and you will need to be disciplined and follow it.
Money management is a critical part of every Forex trading strategy. Along with knowing which currencies to trade and how to recognize Forex trading entry and exit points as successful Forex trader must has to manage his available resources and make money in the Forex trading.
Forex Trading Strategy Tips
If you want a successful FOREX trading strategy, you should incorporate the following tips into your existing Forex Trading strategy you should then become a profitable Forex trader. The aim is not to just to make money, but to make big profits consistently.
1. Get a Forex Trading Method you have Confidence in
You need to have total confidence in your Forex Trading method - so you can follow it with discipline. Pick a simple, Forex Trading technical method – simple Forex Trading methods work best, as they’re more robust in the face of brutal market conditions - complicated Forex Trading methods tend to break. Just use a few rules and parameters, and they should work across all markets – a technical Forex Trading system should work on ANY market that trends.
2. Don’t Trade Forex Frequently
The good Forex trades only come around a few times a year, so focus on them. Many traders think there is good opportunities everyday - there aren’t. There’s no correlation between how often you trade Forex, and how much money you will make - if you want to make big Forex profits, you need patience.
4. Only Focus on the Long Term Forex Trends
Forget Forex day trading, and focus on the longer-term Forex trends only - how can you make big profits in a day? - You can’t. Don’t forget you have to cover your losing days as well. Always remember – Forex brokers interested in making the maximum amount of commission, perpetrate the make money by day trading myth. Forex trends last for months or years - focus on them, and milk them for all they’re worth.
5. Trade Forex in Isolation
Don’t discuss your Forex trading with anyone - the only way you’ll make big money is by doing it by yourself. Have confidence in your ability and don’t let anyone put you off - this is an essential character trait of all great Forex traders.
6. Work Hard not Smart
Many losing Forex traders think the more effort they make with their FOREX trading strategy, the greater their Forex trading skills will become – this is not true! You can learn a Forex Trading method in a short period of time, and if you have a simple robust Forex Trading method, you can do your Forex Trading analysis in about 30 minutes a day - and that’s it!
7. Trade Forex pairs, not currencies
Like any relationship, you have to know both sides. Success or failure in Forex trading depends upon being right about both currencies and how they impact one another, not just one.
8. Knowledge is Power
When starting out online Forex trading, it is essential that you understand the basics of this market if you want to make the most of your investments in the Forex Trading.
The main Forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their Forex positions and subsequently miss out on some of the best Forex trading opportunities by waiting until the market calms down. The potential in the Forex Trading market is in the volatility, not in its tranquility.
9. Unambitious Forex trading
Many new Forex traders will place very tight Forex Trading orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small Forex trades than when you make larger ones.
10.Over-cautious Forex trading
Like the Forex trader who tries to take small Forex Trading incremental profits all the time, the Forex trader who places tight Forex Trading stop losses with a retail forex broker is doomed. As we stated above, you have to give your Forex Trading position a fair chance to demonstrate its ability to produce. If you don't place reasonable Forex Trading stop losses that allow your Forex trade to do so, you will always end up undercutting yourself and losing a small piece of your forex trading deposit with every Forex trade.
Many of the above Forex Trading tips are not conventional wisdom - but keep in mind that 90% of Forex traders don’t make big Forex Trading gains – and they follow the herd.
Forex Trading Strategy Tips to Avoid Forex Trading pitfalls
1. Take it like a man
If you decide to ride a loss, you are simply displaying stupidity and cowardice. It takes guts to accept your Forex trading loss and wait for tomorrow to try again. Sticking to a bad Forex Trading position ruins lots of Forex traders - permanently. Try to remember that the Forex market often behaves illogically, so don't get commit to any one Forex trade; it's just a Forex trade. One good forex trade will not make you a Forex trading success; it's ongoing regular performance over months and years that makes a good Forex trader.
2. Focus
Fantasising about possible Forex Trading profits and then "spending" them before you have realised them is no good. Focus on your current Forex Trading position(s) and place reasonable Forex Trading stop losses at the time you do the Forex trade. Then sit back and enjoy the ride - you have no real control from now on, the market will do what it wants to do.
3. Don't trust Forex Trading demos
Demo Forex Trading often causes new Forex traders to learn bad Forex Trading habits. These bad Forex Trading habits, which can be very dangerous in the long run, come about because you are playing Forex Trading with virtual money. Once you know how your Forex broker's system works, start trading forex with small amounts and only take the risk you can afford to win or lose in the forex trading.
4. Stick to the Forex Trading strategy
When you make money on a well thought-out strategic forex trade, don't go and lose half of it next time on a fancy; stick to your forex trading strategy and invest forex trading profits on the next forex trade that matches your long-term goals.
5. The clues are in the details
The bottom line on yourforex Trading account balance doesn't tell the whole story. Consider individual forex trade details; analyse your forex trading losses and the telling losing forex trading streaks. Generally, forex traders that make money without suffering significant daily losses have the best chance of sustaining positive performance in the long term forex trading.
6. Simulated Results
Be very careful and wary about infamous "black box" Forex trading systems. These so-called Forex trading signal systems do not often explain exactly how the Forex trade signals they generate are produced. Typically, these Forex trading systems only show their track record of extraordinary Forex results – historical Forex trading results. Successfully predicting future Forex trade scenarios is altogether more complex. The high-speed algorithmic capabilities of these Forex trading systems provide significant retrospective Forex trading systems, not ones which will help you trade Forex effectively in the future.
7. Get to know one cross at a time
Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one cross at a time.
8. Risk Reward
If you put a 20 point Forex trading stop and a 50 Forex trading point profit your chances of winning are probably about 1-3 against you. In fact, given the spread you're trading on, it's more likely to be 1-4. Play the odds the Forex market gives you.
9. Trading for Wrong Reasons
Don't trade Forex if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no Forex trade to make in the first place. If you are unsure, it's probably because you can't see the Forex trade to make, so don't make one.
10. Zen Trading
Even when you have taken a Forex Trading position in the markets, you should try and think as you would if you hadn't taken one. This level of detachment is essential if you want to retain your clarity of mind and avoid succumbing to emotional impulses and therefore increasing the likelihood of incurring forex trading losses. To achieve this, you need to cultivate a calm and relaxed outlook. Trade forex in brief periods of no more than a few hours at a time and accept that once the trade has been made, it's out of your hands.
11. Determination
Once you have decided to place a Forex trade, stick to it and let it run its course. This means that if your Forex trading stop loss is close to being triggered, let it trigger. If you move your stop midway through a trade's life, you are more than likely to suffer worse moves against you. Your determination must be show itself when you acknowledge that you got it wrong, so get out.
12 Short-term Forex Trading Moving Average Crossovers
This is one of the most dangerous forex trading scenarios for non professional forex traders. When the short-term forex moving average crosses the forex longer-term moving average it only means that the average price in the short run is equal to the average price in the longer run. This is neither a bullish nor bearish forex trading indication, so don't fall into the trap of believing it is one.
13. Stochastic
Another dangerous Forex Trading scenario. When it first forex trading signals an exhausted condition that's when the big spike in the "exhausted" currency cross tends to occur. My advice is to buy on the first sign of an overbought cross and then sell on the first sign of an oversold one. This forex trading approach means that you'll be with the trend and have successfully identified a positive forex trading move that still has some way to go. So if percentage K and percentage D are both crossing 80, then buy! (This is the same on sell side, where you sell at 20).
14. One cross is all that counts
EURUSD seems to be trading higher, so you buy GBPUSD because it appears not to have moved yet. This is dangerous forex trading. Focus on one cross at a time - if EURUSD looks good to you, then just buy EURUSD.
15. Wrong Forex Trading Broker
A lot of FOREX TRADING brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your Forex Trading broker. you can also visit our directory page to find some forex trading brokers or visit http://www.forextradings.biz ask about them before you choose a one.
16 Too bullish
Forex Trading statistics show that 90% of most forex traders will fail at some point. Being too bullish about your Forex trading aptitude can be fatal to your long-term Forex Trading success. You can always learn more about trading the markets, even if you are currently successful in your forex trades. Stay modest, and keep your eyes open for new ideas and bad habits you might be falling in to.
17. Interpret forex news yourself
Learn to read the source documents of forex news and events - don't rely on the interpretations of news media or others.
A lot of times the Forex trading strategy will be different depending on different Forex traders. This is because different kinds of Forex traders needs require different kinds of Forex trading strategies. A Forex trading strategy for a Forex day trader will reflect their need to be concerned with day-to-day fluctuations than long-term data. This means that someone who is deciding to become a Forex trader needs to first decide what kind of Forex trader he or she are going to be. Once they decide which kind of Forex trader they are going to be they will better be able to plan their Forex trading strategy.
A very important aspect of every Forex Trading strategy is to be able to lessen any losses or eliminate them altogether. This part of the Forex trading strategy is one that needs to be followed strictly or it can make things a complete mess. Someone who is a Forex day trader will most likely make smaller stops. On the other hand a Forex swing trader will have stops that are less limited. These are both different kinds of foreign exchange trading strategies, but can both lessen losses immensely for either kind of Forex trader.
Another part of a good Forex trading strategy is to plan the size of Forex transactions. This allows many different Forex trades to be made at any time instead of just one huge Forex transaction. This will lessen any loss, by dividing the Forex trades, so not all are affected. This also brings in more discipline to the equation.
Following the Forex trading strategy that you plan out requires discipline and following it to the letter, because the Forex market does not always lend itself to the best opportunities in Forex trading. In the Forex market it is mostly about timing, if not all about timing. Understanding this and incorporating it into your Forex Trading strategy is how you will benefit the most from it.
A few other things that need to be incorporated into a good Forex Trading strategy is first of all acquiring accurate knowledge about the way it works, different things that can affect Forex trade and what various Forex software and services that are available to meet their needs for Forex charting and such. One last thing that needs to be included of course is what other Forex traders are doing, allowing the Forex Trading strategy to be planned accordingly.
There are many tools available to help analyze and understand the market movements and patterns. As a beginning FOREX trader you should study each tool independently to develop a good working knowledge of its function and use. As you master each tool you can continue to use it while you educate yourself on the next tool you want to learn. Since many of these tools are similar you will find that the time it takes you to learn a new tool continues to drop as you become familiar with more of them.
You will find many Forex trading strategies are based on "support" and "resistance" levels. The support level is what is considered the bottom price for a currency; the currency will drop to this level and then eventually rise again. The resistance level is just the opposite this is the top price that the currency will reach but does not normally exceed. Once it reaches this point it will eventually drop again. It is normal for support and resistance levels to gradually shift over time.
If a currency suddenly moves beyond it's normal support or resistance levels then it is expected that the currency will continue to move in that direction for a time. A currency is considered to be "bullish" when it is moving up, if a currency becomes bullish and breaks through its normal resistance level it is expected to continue moving upward for a time.
You need to study Forex price charts to determine the support and resistance levels for a currency. You study the charts looking for an unbroken pattern of high and low prices that the currency does not exceed. The longer time span you use for your charting the more accurate and dependable your final analysis will be. You can then use these levels to determine at what point you want to enter and exit a trade.
This just one Forex Trading strategy that a Forex trader can use, this one is based entirely on Forex technical analysis. To be truly successful a FOREX trader needs multiple Forex Trading strategies that they can employ based on market conditions.
Forex Trading Strategy and Economic Indicators
The promise of "Easy Money" captures the interest of many beginning Forex traders. You can find offers all over the Internet claiming, "risk free trading", "low investment", and "high returns". While there is some truth in these statements you will find that they are over simplified and the reality of FOREX trading is a little more complicated.
It is very tempting to dive right in and start Forex Trading as soon as you open your FOREX TRADING account. Doing this will most likely lead you to make the two most common Forex Trading mistakes of beginning Forex investors. These are trading based on emotions and trading without a philosophy or Forex Trading strategy. While watching the movements of a currency pair you may feel that you are letting an opportunity pass by if you don't get involved. So you buy only to see the price start moving against you, in a panic you sell at a loss, to then watch the price recover.
You must have a rational Forex Trading strategy and not base any decisions on emotion. Undisciplined Forex trading like the scenario described above will only lead to losing money in the Forex trading
You have to be well educated in Forex market movements to make rational Forex trading decisions. You must be able to read Forex Trading technical studies and Forex Trading analyses and use that information to plot out entry and exit Forex Trading points. You must be able to use the various types of Forex trade orders available to maximize your Forex Trading profits and minimize your Forex trading losses.
The first thing you have to do is to understand the market and the forces that move it and affect it. Learn who trades on the FOREX market and why do they do it. Who are the successful Forex traders and what do they do that makes them successful Forex Traders. By doing this you will be able to identify the successful Forex trading strategies and use them to help you develop a Forex Trading strategy of your own.
Banks, Corporations, Governments, investment funds, and traders are the major groups of investors in the foreign exchange market. While they all have their own objectives four of these five all have one thing in common. They have external controls; these are rules and guidelines that control the Forex trades that they make and the basis that they can be held accountable to. The exception to that is the individual Forex traders, they are accountable only to themselves.
A Forex trader that enters the market with out rules and guidelines is setting himself or herself up to lose money. The "big boys" and the well educated Forex investors all approach Forex trading with strategies, if you want to play on the same field with them and be successful Forex trader you will have to play by the same rules. You absolutely must have a Forex trading strategy, and you will need to be disciplined and follow it.
Money management is a critical part of every Forex trading strategy. Along with knowing which currencies to trade and how to recognize Forex trading entry and exit points as successful Forex trader must has to manage his available resources and make money in the Forex trading.
Forex Trading Strategy Tips
If you want a successful FOREX trading strategy, you should incorporate the following tips into your existing Forex Trading strategy you should then become a profitable Forex trader. The aim is not to just to make money, but to make big profits consistently.
1. Get a Forex Trading Method you have Confidence in
You need to have total confidence in your Forex Trading method - so you can follow it with discipline. Pick a simple, Forex Trading technical method – simple Forex Trading methods work best, as they’re more robust in the face of brutal market conditions - complicated Forex Trading methods tend to break. Just use a few rules and parameters, and they should work across all markets – a technical Forex Trading system should work on ANY market that trends.
2. Don’t Trade Forex Frequently
The good Forex trades only come around a few times a year, so focus on them. Many traders think there is good opportunities everyday - there aren’t. There’s no correlation between how often you trade Forex, and how much money you will make - if you want to make big Forex profits, you need patience.
4. Only Focus on the Long Term Forex Trends
Forget Forex day trading, and focus on the longer-term Forex trends only - how can you make big profits in a day? - You can’t. Don’t forget you have to cover your losing days as well. Always remember – Forex brokers interested in making the maximum amount of commission, perpetrate the make money by day trading myth. Forex trends last for months or years - focus on them, and milk them for all they’re worth.
5. Trade Forex in Isolation
Don’t discuss your Forex trading with anyone - the only way you’ll make big money is by doing it by yourself. Have confidence in your ability and don’t let anyone put you off - this is an essential character trait of all great Forex traders.
6. Work Hard not Smart
Many losing Forex traders think the more effort they make with their FOREX trading strategy, the greater their Forex trading skills will become – this is not true! You can learn a Forex Trading method in a short period of time, and if you have a simple robust Forex Trading method, you can do your Forex Trading analysis in about 30 minutes a day - and that’s it!
7. Trade Forex pairs, not currencies
Like any relationship, you have to know both sides. Success or failure in Forex trading depends upon being right about both currencies and how they impact one another, not just one.
8. Knowledge is Power
When starting out online Forex trading, it is essential that you understand the basics of this market if you want to make the most of your investments in the Forex Trading.
The main Forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their Forex positions and subsequently miss out on some of the best Forex trading opportunities by waiting until the market calms down. The potential in the Forex Trading market is in the volatility, not in its tranquility.
9. Unambitious Forex trading
Many new Forex traders will place very tight Forex Trading orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small Forex trades than when you make larger ones.
10.Over-cautious Forex trading
Like the Forex trader who tries to take small Forex Trading incremental profits all the time, the Forex trader who places tight Forex Trading stop losses with a retail forex broker is doomed. As we stated above, you have to give your Forex Trading position a fair chance to demonstrate its ability to produce. If you don't place reasonable Forex Trading stop losses that allow your Forex trade to do so, you will always end up undercutting yourself and losing a small piece of your forex trading deposit with every Forex trade.
Many of the above Forex Trading tips are not conventional wisdom - but keep in mind that 90% of Forex traders don’t make big Forex Trading gains – and they follow the herd.
Forex Trading Strategy Tips to Avoid Forex Trading pitfalls
1. Take it like a man
If you decide to ride a loss, you are simply displaying stupidity and cowardice. It takes guts to accept your Forex trading loss and wait for tomorrow to try again. Sticking to a bad Forex Trading position ruins lots of Forex traders - permanently. Try to remember that the Forex market often behaves illogically, so don't get commit to any one Forex trade; it's just a Forex trade. One good forex trade will not make you a Forex trading success; it's ongoing regular performance over months and years that makes a good Forex trader.
2. Focus
Fantasising about possible Forex Trading profits and then "spending" them before you have realised them is no good. Focus on your current Forex Trading position(s) and place reasonable Forex Trading stop losses at the time you do the Forex trade. Then sit back and enjoy the ride - you have no real control from now on, the market will do what it wants to do.
3. Don't trust Forex Trading demos
Demo Forex Trading often causes new Forex traders to learn bad Forex Trading habits. These bad Forex Trading habits, which can be very dangerous in the long run, come about because you are playing Forex Trading with virtual money. Once you know how your Forex broker's system works, start trading forex with small amounts and only take the risk you can afford to win or lose in the forex trading.
4. Stick to the Forex Trading strategy
When you make money on a well thought-out strategic forex trade, don't go and lose half of it next time on a fancy; stick to your forex trading strategy and invest forex trading profits on the next forex trade that matches your long-term goals.
5. The clues are in the details
The bottom line on yourforex Trading account balance doesn't tell the whole story. Consider individual forex trade details; analyse your forex trading losses and the telling losing forex trading streaks. Generally, forex traders that make money without suffering significant daily losses have the best chance of sustaining positive performance in the long term forex trading.
6. Simulated Results
Be very careful and wary about infamous "black box" Forex trading systems. These so-called Forex trading signal systems do not often explain exactly how the Forex trade signals they generate are produced. Typically, these Forex trading systems only show their track record of extraordinary Forex results – historical Forex trading results. Successfully predicting future Forex trade scenarios is altogether more complex. The high-speed algorithmic capabilities of these Forex trading systems provide significant retrospective Forex trading systems, not ones which will help you trade Forex effectively in the future.
7. Get to know one cross at a time
Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one cross at a time.
8. Risk Reward
If you put a 20 point Forex trading stop and a 50 Forex trading point profit your chances of winning are probably about 1-3 against you. In fact, given the spread you're trading on, it's more likely to be 1-4. Play the odds the Forex market gives you.
9. Trading for Wrong Reasons
Don't trade Forex if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no Forex trade to make in the first place. If you are unsure, it's probably because you can't see the Forex trade to make, so don't make one.
10. Zen Trading
Even when you have taken a Forex Trading position in the markets, you should try and think as you would if you hadn't taken one. This level of detachment is essential if you want to retain your clarity of mind and avoid succumbing to emotional impulses and therefore increasing the likelihood of incurring forex trading losses. To achieve this, you need to cultivate a calm and relaxed outlook. Trade forex in brief periods of no more than a few hours at a time and accept that once the trade has been made, it's out of your hands.
11. Determination
Once you have decided to place a Forex trade, stick to it and let it run its course. This means that if your Forex trading stop loss is close to being triggered, let it trigger. If you move your stop midway through a trade's life, you are more than likely to suffer worse moves against you. Your determination must be show itself when you acknowledge that you got it wrong, so get out.
12 Short-term Forex Trading Moving Average Crossovers
This is one of the most dangerous forex trading scenarios for non professional forex traders. When the short-term forex moving average crosses the forex longer-term moving average it only means that the average price in the short run is equal to the average price in the longer run. This is neither a bullish nor bearish forex trading indication, so don't fall into the trap of believing it is one.
13. Stochastic
Another dangerous Forex Trading scenario. When it first forex trading signals an exhausted condition that's when the big spike in the "exhausted" currency cross tends to occur. My advice is to buy on the first sign of an overbought cross and then sell on the first sign of an oversold one. This forex trading approach means that you'll be with the trend and have successfully identified a positive forex trading move that still has some way to go. So if percentage K and percentage D are both crossing 80, then buy! (This is the same on sell side, where you sell at 20).
14. One cross is all that counts
EURUSD seems to be trading higher, so you buy GBPUSD because it appears not to have moved yet. This is dangerous forex trading. Focus on one cross at a time - if EURUSD looks good to you, then just buy EURUSD.
15. Wrong Forex Trading Broker
A lot of FOREX TRADING brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your Forex Trading broker. you can also visit our directory page to find some forex trading brokers or visit http://www.forextradings.biz ask about them before you choose a one.
16 Too bullish
Forex Trading statistics show that 90% of most forex traders will fail at some point. Being too bullish about your Forex trading aptitude can be fatal to your long-term Forex Trading success. You can always learn more about trading the markets, even if you are currently successful in your forex trades. Stay modest, and keep your eyes open for new ideas and bad habits you might be falling in to.
17. Interpret forex news yourself
Learn to read the source documents of forex news and events - don't rely on the interpretations of news media or others.
FX Technical Analysis Introduction
The technical analysis takes a look at the markets past price movements to determine where the numbers will go in the future. Most investors who employ this type of analysis look mostly at price data, but sometimes information such as volume and open interest in futures contracts are also taken into consideration.
Technical analysis is almost always used on some level because price charts provide a good visual representation of the price history of a particular currency. At the very least, they can help you determine ideal entry and exit points for a trade based on the historical data. You can decide whether or not you’re buying at a fair price, selling at the top of a cycle, or entering into a shaky market.
Most traders consider technical analysis to be of critical importance even though they may also use fundamental analysis to support and confirm the strategy suggested by technical analysis. Unlike fundamental analysis technical analysis can be applied to many different currencies and markets at the same time. Since fundamental analysis requires detailed knowledge of the economic conditions of a certain country it is very hard for any single trader to perform proper fundamental analysis on more than a few countries.
Technical analysis is not an exact science. It's an art and takes considerable experience. Not all studies work the same for every instrument traded. One study may give excellent buy and sell signals while another may not work for you at all.
Between the technical analysis methodologies which can be used when currency trading:
Elliott Waves
Fibonacci Studies
Parabolic SAR
Pivot Points
Before you start Forex trading it is a good idea to acquaint yourself with market behavior by following Forex charts for a period of time and by studying the movements and gaining an understanding of trends.
Source from forextradings.com
Technical analysis is almost always used on some level because price charts provide a good visual representation of the price history of a particular currency. At the very least, they can help you determine ideal entry and exit points for a trade based on the historical data. You can decide whether or not you’re buying at a fair price, selling at the top of a cycle, or entering into a shaky market.
Most traders consider technical analysis to be of critical importance even though they may also use fundamental analysis to support and confirm the strategy suggested by technical analysis. Unlike fundamental analysis technical analysis can be applied to many different currencies and markets at the same time. Since fundamental analysis requires detailed knowledge of the economic conditions of a certain country it is very hard for any single trader to perform proper fundamental analysis on more than a few countries.
Technical analysis is not an exact science. It's an art and takes considerable experience. Not all studies work the same for every instrument traded. One study may give excellent buy and sell signals while another may not work for you at all.
Between the technical analysis methodologies which can be used when currency trading:
Elliott Waves
Fibonacci Studies
Parabolic SAR
Pivot Points
Before you start Forex trading it is a good idea to acquaint yourself with market behavior by following Forex charts for a period of time and by studying the movements and gaining an understanding of trends.
Source from forextradings.com
The Foreign Exchange
The Foreign Exchange is the largest financial market in the world, with trillions of dollars traded each and every day. Initially utilized just by large banks, multinational corporations and extremely wealthy currency speculators, the influx of online brokerages tailored to the retail market has created a vibrant retail foreign exchange market! Now, with a relatively small initial investment, anyone with an internet connection can take advantage of the online Forex market.While banks and large multinational corporations generally execute foreign exchange transactions simply as a function of doing international business or to hedge their base currency to protect against devaluation, currency speculators exploit fluctuations in the foreign exchange market exclusively for profit. While trading currencies is a bit riskier than trading other instruments, like stocks and commodities, the potential for profit is unparalleled. For example George Soros, perhaps the most successful Forex trader, made $1 billion in a single day when he sold the pound against the dollar in 1992.The major currencies traded on the foreign exchange are the US dollar, the Eurodollar, the Japanese Yen, the Swiss Franc, and the British Pound. These different currencies are expressed as pairs. When these pairs are traded, one of the currencies is bought and the other currency is sold concurrently. Today, anyone with an internet connection can trade these pairs under the same conditions once reserved for high value individuals and corporations. Most retail brokerages offer real time currency prices, instant execution, advanced charting features and extensive real time news and analysis feeds.If you are interested in trying out the foreign exchange, we have assembled a list of quality brokerages that offer free “fake money” accounts where one may trade in real market conditions. Not only is their immense profit potential in the Foreign Exchange market, it is quite exhilarating as well. Why not give it a shot?
Source from
Source from
Introduction to the Foreign Exchange Market
Although currency trading has a long history dating back to the middle ages, it is the changes that we have seen during the twentieth century which have created the Forex market we see today.
During the first half of the twentieth century the British pound was the world's principal trading currency and was the currency held by many as their main 'reserve' currency. As a result, London was also seen as the leading center for foreign exchange. However, the Second World War severely damaged the British economy and so the United States dollar took over as the world's principle trading and reserve currency and retains that position today. This said, there are now a number of other currencies, principally the Yen and the Euro, which are also seen as reserve currencies.
Since the Second World War there have been a number of events which have proved instrumental in shaping today's Forex market.
Until the start of the Second World War, as we said the British Pound Sterling was the World’s most prominent currency.
At the end of the Second World War the World’s economy, with the exception of the United States of America, was in disarray. Representatives from the United States of America, Britain and France met at Bretton Woods, New Hampshire with the objective of creating an infrastructure that would allow the rebuilding of the World’s economy. The result was the Bretton Woods Accord.
The Accord decided that the US Dollar would become the World’s benchmark and all other countries would measure the value of their currencies against it. Part of this agreement was the Gold Standard which fixed the price of Gold at $35 an ounce. All other currencies were pegged to the dollar at a certain rate. This rate was not allowed to fluctuate more than 1% in either direction (higher or lower). If a fluctuation greater than 1% did occur then the relevant central bank had to enter the market and restore the exchange rate to within the accepted band.
The Bretton Woods Accord also set in motion the establishment of the International Monetary Fund (IMF) which was designed to provide a stable system for buying and selling currencies and to ensure that currency transactions could take place smoothly and in a timely fashion.
In addition, the aim of the IMF was to create a consultative forum to promote international co-operation and to facilitate the growth of world trade, while at the same time breaking down exchange restrictions which hindered international trade
It was also part of the established role of the IMF to make financial resources available to member states on a temporary basis where this was considered necessary to further the aims of the IMF. Such loans were normally only made on the understanding that the country concerned would make substantial changes to rectify the situation which gave rise to the need for the loan in the first place.
There are mixed opinions as to whether the Bretton Woods Accord was successful in restoring economic stability to Europe and Japan. Despite this, the agreement eventually failed in 1971. It was superseded by the Smithsonian Agreement.
The Smithsonian Agreement tried to succeed where Bretton Woods had failed. Rather than give a 1% margin, greater room for manoeuvre was introduced. Not long into this agreement, Europe made its first attempt at breaking free from the Dollar dominated system. In 1972 Europe formed the European Joint Float. Member nations included West Germany, France, Italy, the Netherlands, Belgium and Luxembourg. This agreement was very similar to Bretton Woods but with a larger band for rate fluctuation.
Just as their predecessors had failed, these agreements were flawed and subsequently fell apart. However, this time there was no new agreement to take its place. For the first time since WWII there was a ‘free float’ system in place. The value of each currency is now governed completely by the laws of supply and demand. Large banks, private companies and individual speculators are all active participants in the Forex market.
The next major milestone was the establishment of European Monetary System which effectively came into force in 1979. The European Monetary System got off to something of a shaky start when Britain (one of the principle members of the European Community) decided not to join the system and Italy joined only under special arrangements. Britain did however later agree to participate to a limited degree by joining the exchange mechanism of the European Monetary System in 1990.
The final major development to affect the Forex market was the establishment of the Euro as a single currency for European Union member states in 1998 with eleven of the participating states replacing their national currency with the Euro.
Of all these developments it was the free-floating of currencies in 1978 which did more than anything else to boost the growth of the foreign exchange market. In 1978 Forex trading showed a daily turnover of about 5 billion US dollars and this figure rose in the following ten years to reach 600 billion US dollars by 1988. By 1992 this figure had reached 1 trillion US dollars, Today The Forex market has is the largest Trading market with daily turnover of around 2 trillion US dollars.
Source From forextradings.com
During the first half of the twentieth century the British pound was the world's principal trading currency and was the currency held by many as their main 'reserve' currency. As a result, London was also seen as the leading center for foreign exchange. However, the Second World War severely damaged the British economy and so the United States dollar took over as the world's principle trading and reserve currency and retains that position today. This said, there are now a number of other currencies, principally the Yen and the Euro, which are also seen as reserve currencies.
Since the Second World War there have been a number of events which have proved instrumental in shaping today's Forex market.
Until the start of the Second World War, as we said the British Pound Sterling was the World’s most prominent currency.
At the end of the Second World War the World’s economy, with the exception of the United States of America, was in disarray. Representatives from the United States of America, Britain and France met at Bretton Woods, New Hampshire with the objective of creating an infrastructure that would allow the rebuilding of the World’s economy. The result was the Bretton Woods Accord.
The Accord decided that the US Dollar would become the World’s benchmark and all other countries would measure the value of their currencies against it. Part of this agreement was the Gold Standard which fixed the price of Gold at $35 an ounce. All other currencies were pegged to the dollar at a certain rate. This rate was not allowed to fluctuate more than 1% in either direction (higher or lower). If a fluctuation greater than 1% did occur then the relevant central bank had to enter the market and restore the exchange rate to within the accepted band.
The Bretton Woods Accord also set in motion the establishment of the International Monetary Fund (IMF) which was designed to provide a stable system for buying and selling currencies and to ensure that currency transactions could take place smoothly and in a timely fashion.
In addition, the aim of the IMF was to create a consultative forum to promote international co-operation and to facilitate the growth of world trade, while at the same time breaking down exchange restrictions which hindered international trade
It was also part of the established role of the IMF to make financial resources available to member states on a temporary basis where this was considered necessary to further the aims of the IMF. Such loans were normally only made on the understanding that the country concerned would make substantial changes to rectify the situation which gave rise to the need for the loan in the first place.
There are mixed opinions as to whether the Bretton Woods Accord was successful in restoring economic stability to Europe and Japan. Despite this, the agreement eventually failed in 1971. It was superseded by the Smithsonian Agreement.
The Smithsonian Agreement tried to succeed where Bretton Woods had failed. Rather than give a 1% margin, greater room for manoeuvre was introduced. Not long into this agreement, Europe made its first attempt at breaking free from the Dollar dominated system. In 1972 Europe formed the European Joint Float. Member nations included West Germany, France, Italy, the Netherlands, Belgium and Luxembourg. This agreement was very similar to Bretton Woods but with a larger band for rate fluctuation.
Just as their predecessors had failed, these agreements were flawed and subsequently fell apart. However, this time there was no new agreement to take its place. For the first time since WWII there was a ‘free float’ system in place. The value of each currency is now governed completely by the laws of supply and demand. Large banks, private companies and individual speculators are all active participants in the Forex market.
The next major milestone was the establishment of European Monetary System which effectively came into force in 1979. The European Monetary System got off to something of a shaky start when Britain (one of the principle members of the European Community) decided not to join the system and Italy joined only under special arrangements. Britain did however later agree to participate to a limited degree by joining the exchange mechanism of the European Monetary System in 1990.
The final major development to affect the Forex market was the establishment of the Euro as a single currency for European Union member states in 1998 with eleven of the participating states replacing their national currency with the Euro.
Of all these developments it was the free-floating of currencies in 1978 which did more than anything else to boost the growth of the foreign exchange market. In 1978 Forex trading showed a daily turnover of about 5 billion US dollars and this figure rose in the following ten years to reach 600 billion US dollars by 1988. By 1992 this figure had reached 1 trillion US dollars, Today The Forex market has is the largest Trading market with daily turnover of around 2 trillion US dollars.
Source From forextradings.com
Tuesday, November 27, 2007
CMC Markets Plc
Company Name: CMC Markets Plc
Website Address: http://www.cmcmarkets.com/us
Year of company's foundation: 1989
Year of company's forex division foundation: 1989
Regulated by: NFA(US), FSA(UK), ASIC(AU), BAFIN(DE), OSC(CA)
Client base: Novice, Intermediate, Experienced Individual / Corporate Traders. IB Program: CTAs, Brokerage firms, and other Financial Institutions.
Leverage: 100:1
Commissions: None
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $2,000
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: Amongst the tightest trading spreads in online Forex Trading. Over 300 Currency instruments to trade, plus Currency Options Trading. Real-time Advanced Charting and Technical Analytics + Advanced orders such as, OCO's, and "If-Dones". Integrated Real-Time News, Research, Commentary and Analysis from DOW JONES and IDEAglobal.
Languages: English, Chinese, German, Russian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: USA: 140 Broadway, 30th Floor, New York, NY 10005 UK:66 Prescot Street London E1 8HG.
Country: United Kingdom
Phone: +1 (212) 644-4220
Fax: +1 (212) 644-4222
E-mail: fx-sales@cmcmarkets.com
Website Address: http://www.cmcmarkets.com/us
Year of company's foundation: 1989
Year of company's forex division foundation: 1989
Regulated by: NFA(US), FSA(UK), ASIC(AU), BAFIN(DE), OSC(CA)
Client base: Novice, Intermediate, Experienced Individual / Corporate Traders. IB Program: CTAs, Brokerage firms, and other Financial Institutions.
Leverage: 100:1
Commissions: None
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $2,000
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: Amongst the tightest trading spreads in online Forex Trading. Over 300 Currency instruments to trade, plus Currency Options Trading. Real-time Advanced Charting and Technical Analytics + Advanced orders such as, OCO's, and "If-Dones". Integrated Real-Time News, Research, Commentary and Analysis from DOW JONES and IDEAglobal.
Languages: English, Chinese, German, Russian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: USA: 140 Broadway, 30th Floor, New York, NY 10005 UK:66 Prescot Street London E1 8HG.
Country: United Kingdom
Phone: +1 (212) 644-4220
Fax: +1 (212) 644-4222
E-mail: fx-sales@cmcmarkets.com
MIG INVESTMENTS SA
Company Name: MIG INVESTMENTS SA
Website Address: http://www.migfx.ch
Year of company's foundation: 2003
Year of company's forex division foundation: 2003
Regulated by: ARIF(CH), SFDF(CH)
Client base: Private Investors, Banks, Introducing Brokers, Asset Managers, White Labels.
Leverage: 200:1
Commissions: None
Pip spread on majors: 1-3 pips
Regular Account: Yes
Minimun account size for Regular Account: $2,000
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: MIG offers 24 hour streamline dealing with aggressive spreads on 34 pairs and no commission. The competitive trading conditions include an institutional offering with 1 pip on EURUSD & USDJPY and reduced spreads on most pairs. Standard spreads include 2 pip spreads on five currency pairs! The many advantages include no commission, exceptional margin conditions, free high quality market research, a powerful trading platform that allows for programming of automated trading strategies.Free daily technical analysis and market commentary, WAP & mobile phone trading.
Languages: English, Arabic, Chinese, Danish, Deutsch, Finnish, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Swedish, Turkish, Ukranian
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service, Technical Support
Headquarters: 14, route des Gouttes d'Or 2008 Neuchâtel
Country: Switzerland
Phone: +41-32-722-17-80
Fax: +41-32-722-17-70
E-mail: info@migfx.ch
Website Address: http://www.migfx.ch
Year of company's foundation: 2003
Year of company's forex division foundation: 2003
Regulated by: ARIF(CH), SFDF(CH)
Client base: Private Investors, Banks, Introducing Brokers, Asset Managers, White Labels.
Leverage: 200:1
Commissions: None
Pip spread on majors: 1-3 pips
Regular Account: Yes
Minimun account size for Regular Account: $2,000
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: MIG offers 24 hour streamline dealing with aggressive spreads on 34 pairs and no commission. The competitive trading conditions include an institutional offering with 1 pip on EURUSD & USDJPY and reduced spreads on most pairs. Standard spreads include 2 pip spreads on five currency pairs! The many advantages include no commission, exceptional margin conditions, free high quality market research, a powerful trading platform that allows for programming of automated trading strategies.Free daily technical analysis and market commentary, WAP & mobile phone trading.
Languages: English, Arabic, Chinese, Danish, Deutsch, Finnish, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Swedish, Turkish, Ukranian
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service, Technical Support
Headquarters: 14, route des Gouttes d'Or 2008 Neuchâtel
Country: Switzerland
Phone: +41-32-722-17-80
Fax: +41-32-722-17-70
E-mail: info@migfx.ch
Western Capital Forex S.A.
Company Name: Western Capital Forex S.A.
Website Address: http://www.westcapfx.com/
Year of company's foundation: 1990
Year of company's forex division foundation: 2005
Regulated by: OAR-G(CH)
Client base: Client's base is intermediate and experienced individuals.
Leverage: 200:1
Commissions: none
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $5,000
Mini Account: Yes
Minimun account size for Mini Account: $5,000
Services: Demo and real accounts, Meta Trader and Meta Trader Mobile - free download, 24 hours live support, News, Signals.
Languages: English, Arabic, French, German, Polish, Russian
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: 17, Bd des Philosophes CH 1205 Geneva.
Country: Switzerland
Phone: +41-22-320-03-03
Fax: +41-22-321-67-90
E-mail: info@westcapfx.com
Website Address: http://www.westcapfx.com/
Year of company's foundation: 1990
Year of company's forex division foundation: 2005
Regulated by: OAR-G(CH)
Client base: Client's base is intermediate and experienced individuals.
Leverage: 200:1
Commissions: none
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $5,000
Mini Account: Yes
Minimun account size for Mini Account: $5,000
Services: Demo and real accounts, Meta Trader and Meta Trader Mobile - free download, 24 hours live support, News, Signals.
Languages: English, Arabic, French, German, Polish, Russian
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: 17, Bd des Philosophes CH 1205 Geneva.
Country: Switzerland
Phone: +41-22-320-03-03
Fax: +41-22-321-67-90
E-mail: info@westcapfx.com
GFT (Global Forex Trading)
Company Name: GFT (Global Forex Trading)
Website Address: http://www.gftforex.com
Year of company's foundation: 1997
Year of company's forex division foundation: 1997
Regulated by: NFA(US), FSA(UK), CFTC(US), ASIC(AU), FSA(JP)
Client base: GFT serves retail and institutional forex traders in more than 120 countries worldwide through its DealBook® 360 trading software and 24-hour dealing operation, Global Forex Trading prides itself on adhering to the highest levels of customer service and integrity in the forex trading industry.
Leverage: Up to 400:1 *
Commissions: None *
Pip spread on majors: 3 pip
Disclosure: * Without appropriate use of risk management, a high degree of leverage can lead to large losses as well as gains. * GFT is compensated by revenues from its activities as a currency dealer, including proceeds from buying, selling, converting as well as holding currencies and interest on deposited funds and rollover fees.
Regular Account: Yes
Minimun account size for Regular Account: $2,500
Mini Account: Yes
Minimun account size for Mini Account: $250
Services: GFT offers a wide range of innovative forex offerings, including accounts for self-directed trading (retail forex traders), and many different trading platforms, including desktop, web-based and mobile solutions for forex traders. GFT is a worldwide leader in online forex trading, and has been offering forex execution, trading software, charting and analysis and education for more than 10 years.
Languages: English, Chinese, French, German, Japanese, Korean, Polish, Portuguese, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service, Forex Specialist
Headquarters: 4760 Fulton Rd. suite 201, Ada Michigan 49301.
Country: United States
Phone: +1 616-956-9273
Fax: +1-616-974-3682
E-mail: sales@gftforex.com
Website Address: http://www.gftforex.com
Year of company's foundation: 1997
Year of company's forex division foundation: 1997
Regulated by: NFA(US), FSA(UK), CFTC(US), ASIC(AU), FSA(JP)
Client base: GFT serves retail and institutional forex traders in more than 120 countries worldwide through its DealBook® 360 trading software and 24-hour dealing operation, Global Forex Trading prides itself on adhering to the highest levels of customer service and integrity in the forex trading industry.
Leverage: Up to 400:1 *
Commissions: None *
Pip spread on majors: 3 pip
Disclosure: * Without appropriate use of risk management, a high degree of leverage can lead to large losses as well as gains. * GFT is compensated by revenues from its activities as a currency dealer, including proceeds from buying, selling, converting as well as holding currencies and interest on deposited funds and rollover fees.
Regular Account: Yes
Minimun account size for Regular Account: $2,500
Mini Account: Yes
Minimun account size for Mini Account: $250
Services: GFT offers a wide range of innovative forex offerings, including accounts for self-directed trading (retail forex traders), and many different trading platforms, including desktop, web-based and mobile solutions for forex traders. GFT is a worldwide leader in online forex trading, and has been offering forex execution, trading software, charting and analysis and education for more than 10 years.
Languages: English, Chinese, French, German, Japanese, Korean, Polish, Portuguese, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service, Forex Specialist
Headquarters: 4760 Fulton Rd. suite 201, Ada Michigan 49301.
Country: United States
Phone: +1 616-956-9273
Fax: +1-616-974-3682
E-mail: sales@gftforex.com
Deutsche Bank
Company Name: Deutsche Bank
Website Address: www.dbfx.com
Year of company's foundation: 1870
Year of company's forex division foundation: 1870
Regulated by: FSA(UK)
Client base: dbFX provides online margin foreign exchange trading services to individuals, corporations and funds around the world.
Leverage: Maximum 100:1
Commissions: None
Pip spread on majors: Variable
Regular Account: Yes
Minimun account size for Regular Account: $5,000
Mini Account: No
Services: dbFX offers its clients a range of resources, including: 1) web based and platform based charting, 2) daily, weekly, and monthly research publications from Deutsche Bank that address the forex and financial markets globally and 3) 24 hour customer support during trading hours.
Languages: English, Arabic, Chinese, French, German, Italian, Japanese, Russian
24 Hour trading: Yes
Free demo account: Free Demo Account
Live support chat: No
Headquarters: Taunusanlage 12 60325 Frankfurt am Main (for letters and potcards 60262)
Country: Germany
Phone: 1-212-710-9000
Fax: 1-212-710-9001
E-mail: info@dbfx.com
Website Address: www.dbfx.com
Year of company's foundation: 1870
Year of company's forex division foundation: 1870
Regulated by: FSA(UK)
Client base: dbFX provides online margin foreign exchange trading services to individuals, corporations and funds around the world.
Leverage: Maximum 100:1
Commissions: None
Pip spread on majors: Variable
Regular Account: Yes
Minimun account size for Regular Account: $5,000
Mini Account: No
Services: dbFX offers its clients a range of resources, including: 1) web based and platform based charting, 2) daily, weekly, and monthly research publications from Deutsche Bank that address the forex and financial markets globally and 3) 24 hour customer support during trading hours.
Languages: English, Arabic, Chinese, French, German, Italian, Japanese, Russian
24 Hour trading: Yes
Free demo account: Free Demo Account
Live support chat: No
Headquarters: Taunusanlage 12 60325 Frankfurt am Main (for letters and potcards 60262)
Country: Germany
Phone: 1-212-710-9000
Fax: 1-212-710-9001
E-mail: info@dbfx.com
FX Solutions LLC
Company Name: FX Solutions LLC
Website Address: http://www.fxsol.com
Year of company's foundation: 2001
Year of company's forex division foundation: 2001
Regulated by: NFA(US), CFTC(US)
Client base: Not release.
Leverage: Up to 400:1
Commissions: None
Pip spread on majors: 3/4 pip
Regular Account: Yes
Minimun account size for Regular Account: $2,000
Mini Account: Yes
Minimun account size for Mini Account: $250
Services: Self directed and managed accounts, money manager platform, charting, news, daily FX commentary, full reporting and back office, money manager performance and column 13 reporting, 24 hour trading and adminstration support, 24 hour chat, complete Introducing Broker services.
Languages: English, Arabic, Chinese, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Sales Inquiries, Account Support, Trading Inquiries, Technical Support
Headquarters: Saddle River Executive Centre, One Route 17 South, Saddle River, 07458.
Country: United States
Phone: +1 800 9698365
Fax: +1 201 3452211
E-mail: info@fxsol.com
Website Address: http://www.fxsol.com
Year of company's foundation: 2001
Year of company's forex division foundation: 2001
Regulated by: NFA(US), CFTC(US)
Client base: Not release.
Leverage: Up to 400:1
Commissions: None
Pip spread on majors: 3/4 pip
Regular Account: Yes
Minimun account size for Regular Account: $2,000
Mini Account: Yes
Minimun account size for Mini Account: $250
Services: Self directed and managed accounts, money manager platform, charting, news, daily FX commentary, full reporting and back office, money manager performance and column 13 reporting, 24 hour trading and adminstration support, 24 hour chat, complete Introducing Broker services.
Languages: English, Arabic, Chinese, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Sales Inquiries, Account Support, Trading Inquiries, Technical Support
Headquarters: Saddle River Executive Centre, One Route 17 South, Saddle River, 07458.
Country: United States
Phone: +1 800 9698365
Fax: +1 201 3452211
E-mail: info@fxsol.com
Saxo Bank A/S
Company Name: Saxo Bank A/S
Website Address: http://www.saxobank.com
Year of company's foundation: 1992
Year of company's forex division foundation: 1992
Regulated by: DFSA(DK)
Client base: Saxo Bank and its branches and subsidiary serve a large global client base of private and institutional traders as direct clients or through Introducing Brokers. Saxo Bank also offers technology (white labeling) partnerships to institutions with an established client base.
Leverage: 100:1
Commissions: None
Pip spread on majors: 2/3 pip
Disclosure: Saxo Bank A/S is the parent company in the Saxo Bank Group, which also includes Saxo Bank’s UK branch in London and the subsidiary Saxo Capital Markets Pte. Ltd, which is regulated by MAS (Monetary Authority of Singapore).
Regular Account: Yes
Minimun account size for Regular Account: $10,000
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: Saxo Bank offers fully personal service in 21 languages through our international staff. We also offer direct access to dealers and market makers through our online trading platform SaxoTrader.
Languages: English, Arabic, Chinese, Czech, Danish, Deutsch, French, German, Greek, Hebrew, Hindi, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Urdu
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: Smakkedalen 2, 2820 Gentofte.
Country: Denmark
Phone: +45-39-77-40-00
Fax: +45-39-77-42-00
E-mail: info@saxobank.com
Website Address: http://www.saxobank.com
Year of company's foundation: 1992
Year of company's forex division foundation: 1992
Regulated by: DFSA(DK)
Client base: Saxo Bank and its branches and subsidiary serve a large global client base of private and institutional traders as direct clients or through Introducing Brokers. Saxo Bank also offers technology (white labeling) partnerships to institutions with an established client base.
Leverage: 100:1
Commissions: None
Pip spread on majors: 2/3 pip
Disclosure: Saxo Bank A/S is the parent company in the Saxo Bank Group, which also includes Saxo Bank’s UK branch in London and the subsidiary Saxo Capital Markets Pte. Ltd, which is regulated by MAS (Monetary Authority of Singapore).
Regular Account: Yes
Minimun account size for Regular Account: $10,000
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: Saxo Bank offers fully personal service in 21 languages through our international staff. We also offer direct access to dealers and market makers through our online trading platform SaxoTrader.
Languages: English, Arabic, Chinese, Czech, Danish, Deutsch, French, German, Greek, Hebrew, Hindi, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Urdu
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: Smakkedalen 2, 2820 Gentofte.
Country: Denmark
Phone: +45-39-77-40-00
Fax: +45-39-77-42-00
E-mail: info@saxobank.com
ODL Securities Inc
Company Name: ODL Securities Inc
Website Address: http://www.odls.com
Year of company's foundation: 2004
Year of company's forex division foundation: 2004
Regulated by: NFA(US), FSA(UK), CFTC(US), FSA(JP)
Client base: Our client base includes a worldwide range of retail and institutional customers. We welcome partners and offer them adaptable partnership solutions, a quick and cost-efficient route to market and flexible commercial terms. Additionally we are a second tier prime broker for Currenex, HotspotFXi and Lava platforms.
Leverage: 100:1
Commissions: None
Pip spread on majors: From 2 pips
Regular Account: Yes
Minimun account size for Regular Account: $2,500
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: We offer transparent competitive two-way pricing in over 80 currency pairs. You can take advantage of spreads from 2 pips on the following 8 major currency pairs for minimum opening balances of $5,000; EURUSD, USDJPY, GBPUSD, USDCHF, EURJPY, EURGBP, EURCHF, AUDUSD.
Languages: English, Italian, Japanese, Russian
24 Hour trading: Yes
Free demo account: Download Demo Platform, Open an Account
Live support chat: No
Headquarters: 10 Lower Thames Street, London, EC3R 6AD
Country: United Kingdom
Phone: +1 312 893 5070
Fax: +1 312 893 5071
E-mail: usforex@odls.com
Website Address: http://www.odls.com
Year of company's foundation: 2004
Year of company's forex division foundation: 2004
Regulated by: NFA(US), FSA(UK), CFTC(US), FSA(JP)
Client base: Our client base includes a worldwide range of retail and institutional customers. We welcome partners and offer them adaptable partnership solutions, a quick and cost-efficient route to market and flexible commercial terms. Additionally we are a second tier prime broker for Currenex, HotspotFXi and Lava platforms.
Leverage: 100:1
Commissions: None
Pip spread on majors: From 2 pips
Regular Account: Yes
Minimun account size for Regular Account: $2,500
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: We offer transparent competitive two-way pricing in over 80 currency pairs. You can take advantage of spreads from 2 pips on the following 8 major currency pairs for minimum opening balances of $5,000; EURUSD, USDJPY, GBPUSD, USDCHF, EURJPY, EURGBP, EURCHF, AUDUSD.
Languages: English, Italian, Japanese, Russian
24 Hour trading: Yes
Free demo account: Download Demo Platform, Open an Account
Live support chat: No
Headquarters: 10 Lower Thames Street, London, EC3R 6AD
Country: United Kingdom
Phone: +1 312 893 5070
Fax: +1 312 893 5071
E-mail: usforex@odls.com
MG Financial Group
Company Name: MG Financial Group
Website Address: http://www.mgforex.com
Year of company's foundation: 1992
Year of company's forex division foundation: 1992
Regulated by: NFA(US), CFTC(US)
Client base: Private and Institutional clients from over 100 countries.
Leverage: Up to 400:1
Commissions: None
Pip spread on majors: 3/5 pip
Regular Account: Yes
Minimun account size for Regular Account: $200*
Mini Account: Yes
Minimun account size for Mini Account: $200*
(*) MG does not separate mini and standard accounts.The platform allows placing orders starting from 0.1 units up to 50 units.
Services: MG offers a complete trading package that includes our state-of-the-art forex trading platform MG DealStation. Traders can deposit, withdraw and maintain accounts in USD, EUR, GBP, AUD, JPY, and CAD and have the added ability to convert balances between accounts. All accounts feature 3-5 point spreads, complex orders (OCO and IF Done) and up to 400:1 leverage. Also available with our platform are custom charts, real-time news and wireless access. Recognized as one of the most trusted names in the industry we pride ourselves on our integrity and professionalism in all services offered.
Languages: English, Arabic, Chinese, Russian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: One Battery Park Plaza, 2nd Floor New York, NY 10004 USA
Country: United States
Phone: +1-212-835-0100
Fax: +1-212-835-0101
E-mail: service@mgforex.com
Website Address: http://www.mgforex.com
Year of company's foundation: 1992
Year of company's forex division foundation: 1992
Regulated by: NFA(US), CFTC(US)
Client base: Private and Institutional clients from over 100 countries.
Leverage: Up to 400:1
Commissions: None
Pip spread on majors: 3/5 pip
Regular Account: Yes
Minimun account size for Regular Account: $200*
Mini Account: Yes
Minimun account size for Mini Account: $200*
(*) MG does not separate mini and standard accounts.The platform allows placing orders starting from 0.1 units up to 50 units.
Services: MG offers a complete trading package that includes our state-of-the-art forex trading platform MG DealStation. Traders can deposit, withdraw and maintain accounts in USD, EUR, GBP, AUD, JPY, and CAD and have the added ability to convert balances between accounts. All accounts feature 3-5 point spreads, complex orders (OCO and IF Done) and up to 400:1 leverage. Also available with our platform are custom charts, real-time news and wireless access. Recognized as one of the most trusted names in the industry we pride ourselves on our integrity and professionalism in all services offered.
Languages: English, Arabic, Chinese, Russian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: One Battery Park Plaza, 2nd Floor New York, NY 10004 USA
Country: United States
Phone: +1-212-835-0100
Fax: +1-212-835-0101
E-mail: service@mgforex.com
Crown Forex SA
Company Name: Crown Forex SA
Website Address: http://www.crownforex.com/
Year of company's foundation: 2005
Year of company's forex division foundation: 2005
Regulated by: ARIF(CH), SFDF(CH)
Client base: Private Investors, Introducing Brokers, Asset Managers, White Labels, High Net worth Individual Customers, Financial Institutions, Brokerage firms.
Leverage: You choose
Commissions: None
Pip spread on majors: 1 pip
Regular Account: Yes
Minimun account size for Regular Account: $1,000
Mini Account: Yes
Minimun account size for Mini Account: $300
Services: We offer trading on 13 currency pairs + gold and silver, superior customer service, One pip spread on all major currency pairs, Zero commission no interest no swaps or over night maintenance margin, complementing the package with selecting your own leverage, with our added value news website.
Languages: English, Arabic, Chinese, French, Japanese, Persian, Romanian, Russian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: St-Hubert 38, 2854 Bassecourt
Country: Switzerland
Phone: +41-32-420-7070
Fax: +41-32-420-7079
E-mail: info@crownforex.com
Website Address: http://www.crownforex.com/
Year of company's foundation: 2005
Year of company's forex division foundation: 2005
Regulated by: ARIF(CH), SFDF(CH)
Client base: Private Investors, Introducing Brokers, Asset Managers, White Labels, High Net worth Individual Customers, Financial Institutions, Brokerage firms.
Leverage: You choose
Commissions: None
Pip spread on majors: 1 pip
Regular Account: Yes
Minimun account size for Regular Account: $1,000
Mini Account: Yes
Minimun account size for Mini Account: $300
Services: We offer trading on 13 currency pairs + gold and silver, superior customer service, One pip spread on all major currency pairs, Zero commission no interest no swaps or over night maintenance margin, complementing the package with selecting your own leverage, with our added value news website.
Languages: English, Arabic, Chinese, French, Japanese, Persian, Romanian, Russian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: St-Hubert 38, 2854 Bassecourt
Country: Switzerland
Phone: +41-32-420-7070
Fax: +41-32-420-7079
E-mail: info@crownforex.com
Forex Capital Markets, LLC (FXCM)
Company Name: Forex Capital Markets, LLC (FXCM)
Website Address: http://www.fxcm.com
Year of company's foundation: 1999
Year of company's forex division foundation: 1999
Regulated by: NFA(US), FSA(UK), CFTC(US), BCSC(CA), SFC(HK)
Client base: More than 90,000 live accounts are traded via the FXCM trading platform.
Leverage: 200:1*
Commissions: Bid /Ask Max
Pip spread on majors: As low as 2 pips
Regular Account: Yes
Minimun account size for Regular Account: $2,000
Mini Account: Yes
Minimun account size for Mini Account: $300
Services: FXCM specializes in providing clients with USD, EURO, GBP or YEN denominated forex trading accounts. * Without proper risk management, this high degree of leverage can lead to large losses as well as gains.
Languages: English, Afrikaans, Arabic, Chinese, Deutsch, Farsi, French, German, Hebrew, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Tagalog
24 Hour trading: Yes
Free demo account: Mini Demo Account, Regular Demo Account
Live support chat: Forex Sales, Customer Service, Forex Market
Headquarters: Financial Square 32 Old Slip, New York, NY 10005.
Country: United States
Phone: +1.212.897.7660
Fax: +1.212.897.7669
E-mail: info@fxcm.com
Website Address: http://www.fxcm.com
Year of company's foundation: 1999
Year of company's forex division foundation: 1999
Regulated by: NFA(US), FSA(UK), CFTC(US), BCSC(CA), SFC(HK)
Client base: More than 90,000 live accounts are traded via the FXCM trading platform.
Leverage: 200:1*
Commissions: Bid /Ask Max
Pip spread on majors: As low as 2 pips
Regular Account: Yes
Minimun account size for Regular Account: $2,000
Mini Account: Yes
Minimun account size for Mini Account: $300
Services: FXCM specializes in providing clients with USD, EURO, GBP or YEN denominated forex trading accounts. * Without proper risk management, this high degree of leverage can lead to large losses as well as gains.
Languages: English, Afrikaans, Arabic, Chinese, Deutsch, Farsi, French, German, Hebrew, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Tagalog
24 Hour trading: Yes
Free demo account: Mini Demo Account, Regular Demo Account
Live support chat: Forex Sales, Customer Service, Forex Market
Headquarters: Financial Square 32 Old Slip, New York, NY 10005.
Country: United States
Phone: +1.212.897.7660
Fax: +1.212.897.7669
E-mail: info@fxcm.com
Synthesis Bank
Company Name: Synthesis Bank
Website Address: http://www.synthesisbank.com
Year of company's foundation: 1991
Year of company's forex division foundation: 1991
Regulated by: SFBC(CH)
Client base: Private and institutional investors.
Leverage: 100:1
Commissions: None
Pip spread on majors: 2/3 pips
Regular Account: Yes
Minimun account size for Regular Account: $ 2000
Mini Account: Yes
Minimun account size for Mini Account: $ 500
Services: The No. 1 online Swiss Bank provides its clients with a 24hr online and phone trading service at interbank prices in over 160 currency pairs and FX Options. Clients can access real time risk management, p&l, charts, news, leading Investment Bank research and advanced technical analysis on all global markets. Our advanced trading platform also provides an advanced order management system including OCOs and “If Dones” . In addition to FX and FX Options our clients can trade Futures, Stocks and CFDs on the same account and platform. Omnibus and Block trading accounts available for Asset managers and Introducing Brokers with real time back office and reporting tools.
Languages: English, Arabic, Chinese, French, German, Italian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: 15, rue des Alpes , Case postale 2164, CH-1211 Genève 1.
Country: Switzerland
Phone: +41-848-201-201
Fax: +41-22-317-95-40
E-mail: marketingfloor@sbtf.com
Website Address: http://www.synthesisbank.com
Year of company's foundation: 1991
Year of company's forex division foundation: 1991
Regulated by: SFBC(CH)
Client base: Private and institutional investors.
Leverage: 100:1
Commissions: None
Pip spread on majors: 2/3 pips
Regular Account: Yes
Minimun account size for Regular Account: $ 2000
Mini Account: Yes
Minimun account size for Mini Account: $ 500
Services: The No. 1 online Swiss Bank provides its clients with a 24hr online and phone trading service at interbank prices in over 160 currency pairs and FX Options. Clients can access real time risk management, p&l, charts, news, leading Investment Bank research and advanced technical analysis on all global markets. Our advanced trading platform also provides an advanced order management system including OCOs and “If Dones” . In addition to FX and FX Options our clients can trade Futures, Stocks and CFDs on the same account and platform. Omnibus and Block trading accounts available for Asset managers and Introducing Brokers with real time back office and reporting tools.
Languages: English, Arabic, Chinese, French, German, Italian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: 15, rue des Alpes , Case postale 2164, CH-1211 Genève 1.
Country: Switzerland
Phone: +41-848-201-201
Fax: +41-22-317-95-40
E-mail: marketingfloor@sbtf.com
I-Trade FX, LLC
Company Name: I-Trade FX, LLC
Website Address: http://www.itradefx.com
Year of company's foundation: 2006
Year of company's forex division foundation: 2006
Regulated by: NFA(US), CFTC(US)
Client base: I-Trade FX’s trading platform has been designed by traders for traders, which we believe is one of the most outstanding platforms in the industry. Accounts can be opened in the name of an individual or two individuals, a trust, a partnership, or a corporation.
Leverage: 1% Standard, 1% Mini
Commissions: None
Pip spread on majors: 2-3
Regular Account: Yes
Minimun account size for Regular Account: $2,500
Mini Account: Yes
Minimun account size for Mini Account: $300
Services: I-Trade FX desk acts as a market-maker in the forex market. I-Trade FX staff prides itself on offering a unique dealing and trading environment on its desk to ensure our clients get their questions answered and problems addressed, quickly, with straight-forward answers. Your business is important to us and so is your satisfaction.
Languages: English, Chinese, Chinese (Traditional), French, German, Japanese, Spanish
24 Hour trading: Yes
Free demo account: Demo Account
Live support chat: No
Headquarters: 255 Primera Blvd Suite 230 Lake Mary Fl 32476
Country: United States
Phone: 407-585-0600
Fax: 407-585-0605
E-mail: info@itradefx.com
Website Address: http://www.itradefx.com
Year of company's foundation: 2006
Year of company's forex division foundation: 2006
Regulated by: NFA(US), CFTC(US)
Client base: I-Trade FX’s trading platform has been designed by traders for traders, which we believe is one of the most outstanding platforms in the industry. Accounts can be opened in the name of an individual or two individuals, a trust, a partnership, or a corporation.
Leverage: 1% Standard, 1% Mini
Commissions: None
Pip spread on majors: 2-3
Regular Account: Yes
Minimun account size for Regular Account: $2,500
Mini Account: Yes
Minimun account size for Mini Account: $300
Services: I-Trade FX desk acts as a market-maker in the forex market. I-Trade FX staff prides itself on offering a unique dealing and trading environment on its desk to ensure our clients get their questions answered and problems addressed, quickly, with straight-forward answers. Your business is important to us and so is your satisfaction.
Languages: English, Chinese, Chinese (Traditional), French, German, Japanese, Spanish
24 Hour trading: Yes
Free demo account: Demo Account
Live support chat: No
Headquarters: 255 Primera Blvd Suite 230 Lake Mary Fl 32476
Country: United States
Phone: 407-585-0600
Fax: 407-585-0605
E-mail: info@itradefx.com
ACM Advanced Currency Markets SA
Company Name: ACM Advanced Currency Markets SA
Website Address: http://www.ac-markets.com
Year of company's foundation: 2002
Year of company's forex division foundation: 2002
Regulated by: SFDF(CH)
Client base: Private Investors, Banks, Introducing Brokers, Fund Managers, Financial Institutions.
Leverage: 100:1
Commissions: None
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $5,000
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: Most competitive and transparent online fx dealing platform. White Label solution for banks.
Languages: English, Arabic, Chinese, Farsi, French, German, Greek, Italian, Japanese, Polish, Portuguese, Russian, Spanish, Turkish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Forex Sales, Customer Service, Technical Support
Representative Offices: Dubai and Montevideo
Headquarters: 50 rue du Rhône, 1204 Geneva.
Country: Switzerland
Phone: +41 22 319 22 00
Fax: +41 22 319 22 01
E-mail: support@ac-markets.com
Website Address: http://www.ac-markets.com
Year of company's foundation: 2002
Year of company's forex division foundation: 2002
Regulated by: SFDF(CH)
Client base: Private Investors, Banks, Introducing Brokers, Fund Managers, Financial Institutions.
Leverage: 100:1
Commissions: None
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $5,000
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: Most competitive and transparent online fx dealing platform. White Label solution for banks.
Languages: English, Arabic, Chinese, Farsi, French, German, Greek, Italian, Japanese, Polish, Portuguese, Russian, Spanish, Turkish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Forex Sales, Customer Service, Technical Support
Representative Offices: Dubai and Montevideo
Headquarters: 50 rue du Rhône, 1204 Geneva.
Country: Switzerland
Phone: +41 22 319 22 00
Fax: +41 22 319 22 01
E-mail: support@ac-markets.com
FOREX.com
Company Name: FOREX.com
Website Address: http://www.forex.com
Year of company's foundation: 1999
Year of company's forex division foundation: 1999
Regulated by: NFA(US), CFTC(US)
Client base: Individuals (IBs, Money Managers, White Label partners, please visit www.gaincapital.com).
Leverage: 100:1 and 200:1
Commissions: None*
Pip spread on majors: 1/2 pip
Disclosure: * FOREX.com is compensated for its services through the bid/ask spread.
Regular Account: Yes
Minimun account size for Regular Account: $2,500
Mini Account: Yes
Minimun account size for Mini Account: $250
Services: Trading 24 hours a day from Sunday 5pm ET - Friday 4:30pm ET. Commission-free trading (bid/ask spreads apply). Web-based trading platform requires no download or installation. No debit balance guarantee. Free access to charting, news, and research. 24-hour customer support via phone, email and chat during trading hours. Wireless trading available. Dollar, Euro and Yen deposits accepted.
Languages: English, Arabic, Chinese, Russian
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: 550 Hills Drive, Suite 210, Bedminster, NJ 07921.
Country: United States
Phone: +1 908-731-0750
Fax: +1-908-731-0701
E-mail: info@forex.com
Website Address: http://www.forex.com
Year of company's foundation: 1999
Year of company's forex division foundation: 1999
Regulated by: NFA(US), CFTC(US)
Client base: Individuals (IBs, Money Managers, White Label partners, please visit www.gaincapital.com).
Leverage: 100:1 and 200:1
Commissions: None*
Pip spread on majors: 1/2 pip
Disclosure: * FOREX.com is compensated for its services through the bid/ask spread.
Regular Account: Yes
Minimun account size for Regular Account: $2,500
Mini Account: Yes
Minimun account size for Mini Account: $250
Services: Trading 24 hours a day from Sunday 5pm ET - Friday 4:30pm ET. Commission-free trading (bid/ask spreads apply). Web-based trading platform requires no download or installation. No debit balance guarantee. Free access to charting, news, and research. 24-hour customer support via phone, email and chat during trading hours. Wireless trading available. Dollar, Euro and Yen deposits accepted.
Languages: English, Arabic, Chinese, Russian
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Headquarters: 550 Hills Drive, Suite 210, Bedminster, NJ 07921.
Country: United States
Phone: +1 908-731-0750
Fax: +1-908-731-0701
E-mail: info@forex.com
Forex Club Financial Company
Company Name: Forex Club Financial Company
Website Address: www.fxclub.com
Year of company's foundation: 2005
Year of company's forex division foundation: 2005
Regulated by: NFA(US), CFTC(US)
Client base: Individual
Leverage: 100:1*
Commissions: Bid /Ask
Pip spread on majors: 3/5 pips
Disclosure: * Without proper risk management, high degree of leverage can lead to large losses as well as gains.
Regular Account: Yes
Minimun account size for Regular Account: $10
Mini Account: Yes
Minimun account size for Mini Account: $10
Services: Online Forex Trading, Forex Education, including Free Online Video Seminars, Forex Contests.
Languages: English, Chinese, Russian
24 Hour trading: Yes
Free demo account: Free Demo Account
Live support chat: Customer Service
Headquarters: TWO WORLD FINANCIAL CENTER SUITE 4302
Country: United States
Phone: 1.800.871.3809
Fax: 1.718.477.3719
E-mail: info@fxclub.com
Website Address: www.fxclub.com
Year of company's foundation: 2005
Year of company's forex division foundation: 2005
Regulated by: NFA(US), CFTC(US)
Client base: Individual
Leverage: 100:1*
Commissions: Bid /Ask
Pip spread on majors: 3/5 pips
Disclosure: * Without proper risk management, high degree of leverage can lead to large losses as well as gains.
Regular Account: Yes
Minimun account size for Regular Account: $10
Mini Account: Yes
Minimun account size for Mini Account: $10
Services: Online Forex Trading, Forex Education, including Free Online Video Seminars, Forex Contests.
Languages: English, Chinese, Russian
24 Hour trading: Yes
Free demo account: Free Demo Account
Live support chat: Customer Service
Headquarters: TWO WORLD FINANCIAL CENTER SUITE 4302
Country: United States
Phone: 1.800.871.3809
Fax: 1.718.477.3719
E-mail: info@fxclub.com
Capital Market Services, L.L.C.
Company Name: Capital Market Services, L.L.C.
Website Address: http://www.cmsfx.com
Year of company's foundation: 1999
Year of company's forex division foundation: 1999
Regulated by: NFA(US), CFTC(US)
Client base: More than 6,000 customers from all over the world. We serve private investors, financial institutions, corporations, money managers and introducing brokers.
Leverage: 400:1
Commissions: None
Pip spread on majors: 3/4 pip
Regular Account: Yes
Minimun account size for Regular Account: $200
Mini Account: Yes
Minimun account size for Mini Account: $200
Services: CMS offers trading using the VT Trader platform where clients can execute orders automatically based on their own trading systems with FX AutoPilot. CMS features exclusive daily, weekly, and monthly commentary by world renowned forex analyst Hans Nilsson.
Languages: English, Arabic, Cantonese, Chinese, French, German, Italian, Japanese, Korean, Mandarin, Polish, Portuguese, Russian, Spanish, Taiwanese
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Forex Sales
Headquarters: Empire State Building, 350 Fifth Ave., 64th Floor, Suite 6400, New York, NY 10118.
Country: United States
Phone: +1-212-563-2100
Fax: +1-212-563-4994
E-mail: fxstreet@cmsfx.com
Website Address: http://www.cmsfx.com
Year of company's foundation: 1999
Year of company's forex division foundation: 1999
Regulated by: NFA(US), CFTC(US)
Client base: More than 6,000 customers from all over the world. We serve private investors, financial institutions, corporations, money managers and introducing brokers.
Leverage: 400:1
Commissions: None
Pip spread on majors: 3/4 pip
Regular Account: Yes
Minimun account size for Regular Account: $200
Mini Account: Yes
Minimun account size for Mini Account: $200
Services: CMS offers trading using the VT Trader platform where clients can execute orders automatically based on their own trading systems with FX AutoPilot. CMS features exclusive daily, weekly, and monthly commentary by world renowned forex analyst Hans Nilsson.
Languages: English, Arabic, Cantonese, Chinese, French, German, Italian, Japanese, Korean, Mandarin, Polish, Portuguese, Russian, Spanish, Taiwanese
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Forex Sales
Headquarters: Empire State Building, 350 Fifth Ave., 64th Floor, Suite 6400, New York, NY 10118.
Country: United States
Phone: +1-212-563-2100
Fax: +1-212-563-4994
E-mail: fxstreet@cmsfx.com
MF Global UK Limited
Company Name: MF Global UK Limited
Website Address: http://www.onlineatmfglobal.com
Year of company's foundation: Floated on NYSE 2007 (Stock code MF.N)
Year of company's forex division foundation: 1991
Regulated by: FSA(UK)
Client base: Banks, Hedge Funds, Brokers, High Net Worth Individual Customers.
Leverage: 40:1
Commissions: None for the retail
Pip spread on majors: 0/3 pips
Regular Account: Yes
Minimun account size for Regular Account: $25,000
Mini Account: No
Services: Full service broking - internet trading and telephone service- FX daily research - in addition to our Foreign Exchange services we can offer Futures and options, CFD's and traditional stockbroking.
Languages: English, Italian
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: No
Headquarters: Sugar Quay, Lower Thames Street London EC3R 6DU.
Country: United Kingdom
Phone: 0207-649 3031
Fax: 0207-285-1792
E-mail: tradenow@mfglobal.com
Website Address: http://www.onlineatmfglobal.com
Year of company's foundation: Floated on NYSE 2007 (Stock code MF.N)
Year of company's forex division foundation: 1991
Regulated by: FSA(UK)
Client base: Banks, Hedge Funds, Brokers, High Net Worth Individual Customers.
Leverage: 40:1
Commissions: None for the retail
Pip spread on majors: 0/3 pips
Regular Account: Yes
Minimun account size for Regular Account: $25,000
Mini Account: No
Services: Full service broking - internet trading and telephone service- FX daily research - in addition to our Foreign Exchange services we can offer Futures and options, CFD's and traditional stockbroking.
Languages: English, Italian
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: No
Headquarters: Sugar Quay, Lower Thames Street London EC3R 6DU.
Country: United Kingdom
Phone: 0207-649 3031
Fax: 0207-285-1792
E-mail: tradenow@mfglobal.com
FXDD
Company Name: FXDD
Website Address: http://www.fxdd.com
Year of company's foundation: 2002
Year of company's forex division foundation: 2002
Regulated by: N/A
Client base: Retail traders, hedge funds and money managers.
Leverage: 100:1 and 200:1
Commissions: None
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $5,000
Mini Account: Yes
Minimun account size for Mini Account: $500
Services: FXDD, headquartered in New York City, is a leading online foreign exchange trading firm dedicated to providing superior customer service and powerful technology to retail traders, hedge funds and money managers. FXDD is also a reliable liquidity provider for brokerage companies and institutional investors. The Company offers 24-hour forex trading via its trading platforms: FXDD Trader and Meta Trader (retail), Power Trader (institutional) and FXDD Auto (automated). The FXDD Auto platform allows traders to trade from a broad range of strategies in one portfolio by selecting the best performing currency pairs from over 50 systems available. FXDD provides true interbank pricing; no-interest accounts; fully-automated execution; 100:1 leverage for regular accounts and 200:1 leverage for mini accounts; narrow bid-to-ask spreads (2-3-wide on most majors); and commission-free forex trading. For a free demo, please visit www.fxdd.com, or call toll-free in the U.S. at 1.866.FOR.FXDD or +1.212.791.3950
Languages: English, Bulgarian, Chinese (Traditional), Japanese, Polish, Russian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Forex Inquiries, Trading Support, Sales Support, Institutional Sales
Headquarters: 75 Park Place, 4th Floor, New York, NY 10007
Country: United States
Phone: 1.212.791.3950
Fax: 1.212.791.3471
E-mail: sales@fxdd.com
Website Address: http://www.fxdd.com
Year of company's foundation: 2002
Year of company's forex division foundation: 2002
Regulated by: N/A
Client base: Retail traders, hedge funds and money managers.
Leverage: 100:1 and 200:1
Commissions: None
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $5,000
Mini Account: Yes
Minimun account size for Mini Account: $500
Services: FXDD, headquartered in New York City, is a leading online foreign exchange trading firm dedicated to providing superior customer service and powerful technology to retail traders, hedge funds and money managers. FXDD is also a reliable liquidity provider for brokerage companies and institutional investors. The Company offers 24-hour forex trading via its trading platforms: FXDD Trader and Meta Trader (retail), Power Trader (institutional) and FXDD Auto (automated). The FXDD Auto platform allows traders to trade from a broad range of strategies in one portfolio by selecting the best performing currency pairs from over 50 systems available. FXDD provides true interbank pricing; no-interest accounts; fully-automated execution; 100:1 leverage for regular accounts and 200:1 leverage for mini accounts; narrow bid-to-ask spreads (2-3-wide on most majors); and commission-free forex trading. For a free demo, please visit www.fxdd.com, or call toll-free in the U.S. at 1.866.FOR.FXDD or +1.212.791.3950
Languages: English, Bulgarian, Chinese (Traditional), Japanese, Polish, Russian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Forex Inquiries, Trading Support, Sales Support, Institutional Sales
Headquarters: 75 Park Place, 4th Floor, New York, NY 10007
Country: United States
Phone: 1.212.791.3950
Fax: 1.212.791.3471
E-mail: sales@fxdd.com
GFX Group SA
Company Name: GFX Group SA
Website Address: http://www.forex.ch
Year of company's foundation: 2005
Year of company's forex division foundation: 2005
Regulated by: Polyreg(CH), SFDF(CH)
Client base: Individual clients, Institutional clients, Introducing Brokers and Trading Manager.
Leverage: 200:1
Commissions: None
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $2,000
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: GFX Group SA is a Forex broker based in Geneva, Switzerland, and is supervised as a Financial Intermediary under Swiss Federal Law. Our powerful and easy-to-use software, secure trading environment, and superior trading conditions make GFX the fastest growing Forex dealer today. GFX is unique in offering narrow spreads, 0.5% margin requirements, instant execution and commission-free trading on an extensive list of currencies, gold and silver. GFX offers 24 hour customer support in multiple languages. Free demo accounts are available at www.forex.ch/demo
Languages: English, Arabic, Deutsch, Farsi, Finnish, French, German, Hungarian, Italian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Forex Market, Forex Sales, Customer Service
Headquarters: World Trade Center 1, Route de l'Aéroport 10, 1215 Geneva 15.
Country: Switzerland
Phone: +41-22-799-4100
Fax: +41-44-355-3586
E-mail: info@forex.ch
Website Address: http://www.forex.ch
Year of company's foundation: 2005
Year of company's forex division foundation: 2005
Regulated by: Polyreg(CH), SFDF(CH)
Client base: Individual clients, Institutional clients, Introducing Brokers and Trading Manager.
Leverage: 200:1
Commissions: None
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $2,000
Mini Account: Yes
Minimun account size for Mini Account: $2,000
Services: GFX Group SA is a Forex broker based in Geneva, Switzerland, and is supervised as a Financial Intermediary under Swiss Federal Law. Our powerful and easy-to-use software, secure trading environment, and superior trading conditions make GFX the fastest growing Forex dealer today. GFX is unique in offering narrow spreads, 0.5% margin requirements, instant execution and commission-free trading on an extensive list of currencies, gold and silver. GFX offers 24 hour customer support in multiple languages. Free demo accounts are available at www.forex.ch/demo
Languages: English, Arabic, Deutsch, Farsi, Finnish, French, German, Hungarian, Italian, Spanish
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Forex Market, Forex Sales, Customer Service
Headquarters: World Trade Center 1, Route de l'Aéroport 10, 1215 Geneva 15.
Country: Switzerland
Phone: +41-22-799-4100
Fax: +41-44-355-3586
E-mail: info@forex.ch
Interbank FX, LLC
Company Name: Interbank FX, LLC
Website Address: http://www.interbankfx.com
Year of company's foundation: 2001
Year of company's forex division foundation: 2001
Regulated by: NFA(US), CFTC(US)
Client base: Money Managers, Individuals, Corporations and Introducing Brokers.
Leverage: 200:1
Commissions: None
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $2,500
Mini Account: Yes
Minimun account size for Mini Account: $250
Services: 24 hour trading in all majors and crosses. Automated trailing stops, full hedging, wireless trading and professional charts. Automate trading strategies and back test their results. 200 – 1 leverage on Mini accounts. Sophisticated Money Manager software: trade 2-100 accounts with 1 click. White Label and Introducing Broker program.
Languages: English, Bulgarian, Chinese, French, German, Japanese, Polish, Russian
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer service
Headquarters: 3165 E Millrock Drive, Ste 200, Salt Lake City, UT 84121
Country: United States
Phone:+1-866-468-3739
Fax: +1-212-884-0609
E-mail: help@interbankfx.com
Website Address: http://www.interbankfx.com
Year of company's foundation: 2001
Year of company's forex division foundation: 2001
Regulated by: NFA(US), CFTC(US)
Client base: Money Managers, Individuals, Corporations and Introducing Brokers.
Leverage: 200:1
Commissions: None
Pip spread on majors: 2/3 pip
Regular Account: Yes
Minimun account size for Regular Account: $2,500
Mini Account: Yes
Minimun account size for Mini Account: $250
Services: 24 hour trading in all majors and crosses. Automated trailing stops, full hedging, wireless trading and professional charts. Automate trading strategies and back test their results. 200 – 1 leverage on Mini accounts. Sophisticated Money Manager software: trade 2-100 accounts with 1 click. White Label and Introducing Broker program.
Languages: English, Bulgarian, Chinese, French, German, Japanese, Polish, Russian
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer service
Headquarters: 3165 E Millrock Drive, Ste 200, Salt Lake City, UT 84121
Country: United States
Phone:
Fax: +1-212-884-0609
E-mail: help@interbankfx.com
Thursday, November 1, 2007
Subscribe to:
Posts (Atom)
