FOREX.com is a division of GAIN Capital Group, LLC, one of the most respected online forex trading firms in the industry. The company's flagship service, GAIN Capital, is used by institutional investors, professional money managers and experienced day traders from over 140 countries. GAIN Capital Group is pleased to offer individual investors access to its award-winning trading platform and professional-level services via FOREX.com.
FOREX.com is a registered Futures Commission Merchant (NFA ID #0339826) and a member of the National Futures Association. As an FCM, FOREX.com is regulated by the Commodity Futures Trading Commission (CFTC), must uphold the highest standards and business practices and is subject to strict financial requirements and reporting. Interested parties can visit the NFA web site at any time to review FOREX.com's record.
Your feedback and suggestions are welcome. Please email us at info@forex.com
New to Forex
When starting to trade on the forex market, you have to be aware of this market's specificity. | ||
What is Forex (Foreign Exchange, FX) ? | ||
ACM offers online forex trading services for traders wanting to make speculative transactions on the exchange rate between two currencies. These rates may be influenced by world economic and political events, currency rate differentials, as well as many other factors including extreme weather conditions (hurricanes), acts of terror etc. The Forex is the largest marketplace in the world with than 1.8 trillion dollars changing hands daily and so making it one of the most attractive and lucrative markets. | ||
How does the Forex work? | ||
The forex market allows you to buy and sell currencies against each other and speculate on the differences in exchange rates. Making a transaction on the Forex Market is simple: the procedures are identical to that of any other market so switching to trading currencies is straightforward for most traders. | ||
| Buying/Selling - B/S | ||
If you want to open a position (i.e.: place an order to sell – to make a profit if the exchange rate falls) you have to choose the amount (i.e.: 100.000 EURUSD) from the drop down menu on the platform and then click the mouse on the sell currency button: SELL (if you want to place an order to buy, you should act in reverse). This will open a position in the market and you will receive an immediate notification of it on your trading station. To close an open position, you have to do the opposite of the initial operation – in our case buy the 100.000 EURUSD back. Different order types also exist to open or close a position under a certain condition. | ||
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| How does the B/S system work? | ||
As with any market, for each currency pair, there are 2 prices. The difference between them is called the spread. The spread is measured in points or pips – lowest decimal figure in a currency rate. For a EURUSD a pip equals 0.0001 (or 10 dollars on 100.000), for EURJPY a pip equals 0.01 (or 1000 yen on 100.000). More information on P/L calculation on the following page: profit and loss. | ||
Forex currencies quotation system | ||
Currencies are quoted in pairs, for example – EUR/USD or USD/JPY. The first currency in the pair is called the base currency and the second is called the counter currency. The base currency is the ‘basis’ for purchases and sales. It is also possible for a currency pair to be quoted as USD/EUR, but this method is used extremely rarely. Each transaction must have 2 sides – a buy and a sell (or a sell and a buy). Also please note that no physical currency delivery will be made. For these purposes banks and exchange companies, which specialize in low-rate currency conversions are available. | ||
Forex market working hours | ||
The Forex Market, based on ‘spot’ transactions, is unique in comparison with all other global markets. Therefore, trading never stops apart from a short break during the weekend. | ||
Forex trading margins | ||
A margin deposit is not, as many traditional traders suggest, the payment in cash for purchasing market shares. A margin is in fact a guarantee or a trust deposit, providing protection from losses during a deal? It allows traders to open positions on amounts that greatly exceed their account limits and so increase their buying power. ACM offers a 1% margin (or 1:100 leverage), which means you can control 100 times your deposit in the real market. If the funds in the account, in the course of trading, fall below the prescribed margin, your positions will be closed automatically without prior notice. Using this system, the client’s account cannot go overdrawn even under volatile, fast-changing market conditions. The formula for calculating margins is as follows: (account balance + profit/loss) : open position = the margin | ||
| Rollover of positions (swap) | ||
For the sake of transparency and unlike any other online broker we actually have a complete explanation of applied applies a cost of carry on behalf of the market or the customer on open positions held overnight. This overnight cost of carry is presented as a simple flat fee either paid or charged on a customer's account. This process makes for extremely simple statements and greatly increased executional transparency since we do not modify the original price of the position entered into by the customer. You can find a more detailed explanation on the following page: overnight positions. | ||
How to start trading forex ? | ||
Open a live account if you feel ready to trade in the real market
Also please consult the following pages for more information or contact customer support. | ||
Learn more about foreign exchange | ||
FOREX
Are you ready to join the thrill?Forex trading, the highly attractive marketplace, with a daily volume of 2.5 trillion dollars, has become the largest arena on earth. It’s about time that you, like millions of other individual investors, join this market, which is accessible for everyone worldwide, around the clock, from any computer. This Forex e-book has everything you needThis book shows you everything you need to know to start trading Forex. It addresses the reader at eye level, in a friendly and simple manner. Yet, it provides a professional study of the most popular techniques implemented today by Forex traders worldwide. This book offers useful and valuable background, including technical methods, trading tips, Forex glossary, chart reading, and financial indicators used in Fundamental Analysis. A word about this e-book’s approachThis book reflects years of experience in Forex trading and Forex platform operation, parallel to Forex education, including seminars, printed publications and academic studies. Such experience was brought to this book, to provide all levels of traders the training and the essentials of Forex trading. With the help of this guide, you will soon be ready to start trading Forex. In fact, you can start today, while beginning with small amounts and gradually obtaining the experience you need. We wish you success in your trading, and hope you find this book interesting, helpful and enjoyable.Finotec's mission is to provide an online Forex tradingsystem that allows clients to trade the Forex market easily and successfully. On top of dealing with the currency market, Finotec also specializes in crude oil and gold trading. Our online trading software is unique and traders wishing to buy and sell currencies, commodities, options and indices will find it very user-friendly. Whether the value of a currency pair goes up or down, traders may benefit from it. By using our online trading platform, clients also have access to real-time prices of stocks, indices, gold, silver and options.Trading with Finotec is easy: clients can register to our platform in 3 easy steps, and within minutes, they have access to the largest financial market in the world - around $3 billion in overall daily trade volume. Since forex practically never stops, the Finotec Forex Trading Platform is available any time of the day. Itoffers free technical analyses, charts (including Japanese candlesticks), graphs and indicators such as RSI and MA.Finotec provides clients with all the resources needed to increase your chances of making profit when trading Forex. To learn more about our Forex education programsWith the Mini Trading Platform, you can open an account with a minimum of $200.This system provides real-time prices in currencies, options, CFDs on all major indices, all of them on the same platform.The Mini Trading Platform provides live charts with tools like RSI and Moving Average. It also provides real time account equity.This system is perfect for someone who has little experience and wants to start trading with a small amount of money in an easy way via a User-Friendly System.Finotec Trading PlatformTo gain access to the Finotec Trading Platform, you need only open a Standard Account with a minimum of $10,000. The Finotec Trading Platform provides real-time prices in currencies, options, CFDs on all major indices, all of them on the same platform.The Finotec Trading Platform provides live charts with tools like RSI and Moving Average. It also provides real time account equity.With this Platform you can also place an order, receive news alerts by SMS and speak with a dedicated dealer who will assist you in market analysis and help you in all your decisions.This system is perfect from anyone who has market experience and is ready to start profiting from our state of the art trading platform.Forex TradingForexThe Forex market is the largest market in the world with daily reported volume of over $3 trillion making it one of the most exciting markets for trading. Finotec provides an online forex trading platform for individuals who want to speculate on the exchange rate between two currencies. In doing so, traders buy and sell currencies in order to achieve of making a profit when the value of the currencies changes in their favor.Quoting ConventionsCurrencies are quoted in pairs, such as EUR/JPY. If you buy EUR/JPY you have bought euros and simultaneously sold yens. You would do so in expectation that the EURO will go up relative to the JPY. If you think that the euro will go down relative to the JPY, you will sell EUR/JPY.Margin and LeverageThe margin is a deposit to ensure against trading losses. The margin requirement allows traders to hold a position much larger than the account value. Finotec's margin requirement is up to 0.5%. Its gives you a leverage of up to 200:1If you buy 200,000 USD/GBP, your margin used is $1,000. Usable margin are the funds available to open new positions or sustain trading losses. If the equity (the value of your account) falls below your margin used due to trading losses, your position will automatically be closed.Forex Trading StrategiesForex trading strategies intend to explain and elaborate the trend in Forex trading market by using technical and fundamental analyses. Finotec has created educational tools to learn about forex strategies. Enter the Finotec E-learning center to learn more about Finotec Education Program.SpreadCurrencies are quoted with a ask price and a bid price. For example EUR/USD quotes 1.2315/1.2320 (Bid/Ask). The spread is the difference between the two prices. Finotec is compensated for its services through the spread between the bid/ask prices
What is Forex?
Forex? What is it, anyway?The marketThe currency trading (FOREX) market is the biggest and fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars. The participants in this market are banks, organizations, investors and private individuals, just like you. (click here to read full market background by Easy-Forex™).The goods (merchandise)Markets are places to trade goods, and the same goes with FOREX. The Forex goods are the currencies of various countries (as well as GOLD and SILVER). You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That’s all.How does one profit in Forex?Obviously, buy cheap and sell for more! The profit potential comes from the fluctuations (changes) in the currency exchange market.The nice thing about the FOREX market, is that regular daily fluctuations, say – around 1%, are multiplied by 100! (in general, Easy-Forex™ offers trading ratios from 1:50 to 1:200).How risky is Forex trading?You cannot lose more than your “margin” (your initial investment)! You may profit unlimited amounts, but you never lose more than what you initially risked. However, we strongly recommend that you risk only what you can afford and is not vital for your well-being.How do I start trading?(amount (credit cards, PayPal, Western Union - are welcome, only by Easy-Forex™)How do I monitor my Forex trading?Online, from anywhere, anytime. You have full control to monitor your trading status, check scenarios, change some terms in your Forex deals, or close deals.Want to know more? Want to get on-line training? Contact US (no obligation), we’ll be glad to support you, every step of the way.Good Luck !Looking forward to having you on board,The Easy-Forex™ Trading Platform team
FOREX is.
FOREX (FOReign EXchange market) is an international foreign exchange market, where money is sold and bought freely. In its present condition FOREX was launched in the 1970s, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from supply and demand.As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. It is also the biggest liquid financial market. According to various assessments, money masses in the market constitute from 1 to 1.5 trillion US dollars a day. (It is impossible to determine an absolutely exact number because trading is not centralized on an exchange.) Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.) there are dealers who will quote currencies.FOREX is a more objective market, because if some of its participants would like to change prices, for some manipulative purpose, they would have to operate with tens of billions dollars. That is why any influence by a single participants in the market is practically out of the question. The superior liquidity allows the traders to open and/or close positions within a few seconds. The time of keeping a position is arbitrary and has no limits: from several seconds to many years. It depends only on your trading strategies. Although the daily fluctuations of currencies are rather insignificant, you may use the credit lines, that are accessible even to currency speculators with small capitals ($ 1,000 - 5,000), where the profit may be impressive. (You can learn more about it in the section: The main principles of trading.)The idea of marginal trading stems from the fact that in FOREX speculative interests can be satisfied without a real money supply. This decreases overhead expenses for transferring money and gives an opportunity to open positions with a small account in US dollars, buying and selling a lot of other currencies. That is, on can conduct transactions very quickly, getting a big profit, when the exchange rates go up or down. Many speculative transactions in the international financial markets are made on the principles of marginal trading.Margin trading is trading with a borrowed capital. Marginal trading in an exchange market uses lots. 1 lot equals approximately $100,000, but to open it it is necessary to have only from 0.5% to 4% of the sum.For example, you have analyzed the situation in the market and come to the conclusion that the pound will go up against the dollar. You open 1 lot for buying the pound (GBP) with the margin 1% (1:1000 leverage) at the price of 1.49889 and wait for the exchange rate to go up. Some time later your expectations become true. You close the position at 1.5050 and earn 61 pips (about $ 405). For the calculation of 1 pip click here.Everyday fluctuations of currencies constitute about 100 to 150 pips, giving FX traders an opportunity to make money on these changes.In FOREX, it's not obligatory to buy some currency first in order to sell it later. It's possible to open positions for buying and selling any currency without actually having it. Usually Internet-brokers establish the minimum deposit such as $ 2000, for working in the FOREX market, and grant a leverage of 1:100. That is, opening the position at $100,000, a trader invests $1,000 and receives $99.000 as a credit. The major currencies traded in FOREX, are Euro (EUR), Japanese yen (JPY), British Pound (GBP), and Swiss Franc (CHF). All of them are traded against the US dollar (USD).In order to assess the situation in the market a trader has to be able to use fundamental and/or technical analysis, as well as to make decisions in the constantly changing current of information about political and economic character. Most small and medium players in financial markets use technical analysis. Technical analysis presupposes that all the information about the market and its further fluctuations is contained in the price chain. Any factor, that has some influence on the price, be it economic, political or psychological, has already been considered by the market and included in the price. The initial data for a technical analysis are prices: the highest and the lowest prices, the price of opening and closing within a certain period of time, and the volume of transactions.A technical analysis is founded on three suppositions:Movement of the market considers everything;Movement of prices is purposeful;History repeats itself. That is, technical analysis is a statistical and mathematical analysis of previous quotes and a prognosis of coming prices.A number of technical indicators have been installed into the PRO-CHARTS trading system. Analyzing the indicators one can come to the conclusion about further movements of the quoted currencies. For a more detailed de******ion of the indicators, analyzing price charts and volumes of trading, click here.Fundamental analysis is an analysis of current situations in the country of the currency, such as its economy, political events, and rumors. The country's economy depends on the rate of inflation and unemployment, on the interest rate of its Central Bank, and on tax policy. Political stability also influences the exchange rate. Policy of the Central Bank has a special role, as concentrated interventions or refusal from them greatly influence the exchange rate.At the same time one should not consider fundamental analysis just as an analysis of the economic situation in the country itself. A far bigger role in the FOREX market belongs to the expectations of the market participants and their assessment of these expectations. Various prognoses and bulletins, issued by the participants, have a strong influence on the expectations. Very often an effect of the so-called self-filfilling prophecy occurs when market players raise or lower the exchange rates according to the prognosis. But a deep and thorough fundamental analysis is available only for big banks with a staff of professional analysts and constant access to a wide field of information.In spite of these different approaches, both forms of analyses complement one another. Traders who act on the basis of a fundamental analysis, have to consider some technical characteristics of the market (the main rates of support, such as resistance and resale), and supporters of the technical approach to the market must track the main news (interest rates, important political events).The main merits of the FOREX market are:The biggest number of participants and the largest volumes of transactions;Superior liquidity and speed of the market: transactions are conducted within a few seconds according to online quotes;The market works 24 hours a day, every working days;A trader can open a position for any period of time he wants;No fees, except for the difference between buying and selling prices;An opportunity to get a bigger profit that the invested sum;Qualified work in the FOREX market can become your main professional activity;You can make deals
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Are You New to Forex Trading?
Forex is traded much like any other financial instrument, using a combination of fundamental and technical analysis.If you'd like to learn how to become a successful forex trader, consider a professional forex training course. FOREX.com is pleased to offer multiple forex training options that teach investors how to:Understand the logic behind Forex tradingRecognize market trendsDevelop a forex trading planUtilize tools to help you manage riskReact to major economic events impacting global currencies Forex is traded much like any other financial instrument, using a combination of fundamental and technical analysis.If you'd like to learn how to become a successful forex trader, consider a professional forex training course. FOREX.com is pleased to offer multiple forex training options that teach investors how to:Understand the logic behind Forex tradingRecognize market trendsDevelop a forex trading planUtilize tools to help you manage riskReact to major economic events impacting global currencies
Can I lose everything when trading the FOREX?
No. You can't lose everything you own. The under-educated will more than likely lose their margin account. The educated will more than likely capture the loser's margin account money.
What is Forex (Foreign Exchange)?
QUICK LINKSHow to Get Started Free Demo Account The MG Advantage Open an AccountForeign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers. Traditionally, retail investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all use the FOREX market to pay for goods and services, transact in financial assets or to reduce the risk of currency movements by hedging their exposure in other markets. MG Financial Group’s combination of low margin and high leverage has changed the way the Interbank currency market operates. We have done this by opening the doors of Forex to retail investors, giving them the professional tools and services needed to trade effectively in an independent atmosphere. MG Financial Group, now operating in over 100 countries, serves all manner of clients, comprising speculators and strategic traders. Whether it’s day-traders looking for short-term gains, or fund managers wanting to hedge their non-US assets, MG's DealStation™ allows them to participate in FOREX trading by providing a combination of live quotes, Real-Time charts, and news and analysis that attracts traders with an orientation towards fundamental and/or technical analysis
