World Class Provider Of Foreign Exchange Trading Services
Forex Companies provide a broad range of foreign currency services to meet the needs of professionals, including financial firms, money managers, banks and corporations and speculators big or small.
Below will discuss the different types of accounts for forex trading, including mini forex and regular accounts.
Also there are managed forex accounts were clients open accounts that are traded by a third party.
Forex Trading Systems that use computers to place trades for a client.
Standard Forex Account
The Standard Forex Account is designed for traders wishing to trade currencies. Most forex trading firms require a min. account size of $2000. Contract size is usually leveraging 100K with a $1000 in margin. Most firms also allow you to change the margin and contract size if you wish. Orders in major currencies are automatically and instantly executed on the trading platform.
$2,000 To open
100,000 Currency units per lot
Java or Windows software
100:1 Leverage is standard but can be changed up or down
The Mini Forex Account is ideal for traders wishing to trade currencies and test their metal. One can open these accounts for as little as $50. With high leverage and small account size these accounts can be wiped out very quickly on over leverage and big swings from economic news or numbers. Orders are entered on the trading platform and fills are instantly reported just like a standard account. Leverage can be as high as 400 to 1. Leverage can be a double edged sword if you know what we mean.
Low Min. Account size to open
10,000 Currency units per lot
Java or Windows software
Up to 400:1 Leverage
Managed Forex Accounts
Don't have time to trade your own account? A Forex managed account service will eliminate much of the hassle and stress associated with self-trading. These accounts can usually be followed live and in real time.
Professionally managed account by experienced Forex traders
Complete control of funds deposited into your personal account
Personal login allows for monitoring of trades day or night
Deposits and withdrawals can be made anytime
Account management can be deactivated or reactivated at anytime
Forex Trading Systems
A trading system is a set of rules or computer algorithms which decide when to buy and sell, and what to buy or sell. Trading systems (also called black boxes) takes emotion out of trading. Many hedge funds use complex trading systems to guide their investments.
New to Forex
There are many key advantages to trading currencies online over other markets, such as futures and stocks. However one of the primary objections that is heard from futures and stock traders is time, time to learn, the time to research and the time to trade. It is quite evident that forex trading is the fastest growing market among retail investors in the world today. With a 24 hour a day liquid market, time is no longer a liability for those wishing to trade, especially as the growth curve in forex continues.
We welcome you, and look forward to assisting you in every step of the way by leveraging our experience and resources so that you can do the best.
No Physical Location
The over-the-counter foreign exchange market has no physical location. Foreign Exchange deals are transacted over telecommunication systems. Market participants in Europe may deal with their counter-parts anywhere in the world.
The over- the-counter foreign exchange market operates 24 hours around the clock.
The trading day begins in Auckland, New Zealand when traders start business. Then moves to Sydney in a couple of hours. Next Tokyo, Singapore, Hong Kong and other Asian financial centers begin a few hours later. During Tokyo lunch time the early birds from Africa, Middle East and Europe start trading as well. When Asia is finished dealers in Europe become active making trades. North America begins trading during the afternoon hours of Europe. Finally, when North America dealers go home trading in Auckland, New Zealand is getting ready to start.
Clients with Traders Exchange can trade and receive non-stop service starting at 5:00 p.m Est. Time Sunday until 5:00 p.m Est. Time Friday.
Trading never really begins or ends, it just becomes busier or lighter, but in general it follows the sun around the world.
With a massive amount of traders around the globe, it is highly liquid. Hundreds of millions can change hands within seconds.
Day to day business around the globe of over-the-counter foreign exchange is basically non-regulated. Traders are free to enter and exit the market, trade whenever they want, what amount and whichever currencies they wish. The market is self-disciplined and is a showcase of ethical and professional standards that showcase a financial market can operate efficiently and effectively with minimal supervision and regulation.
However this does not mean that the foreign exchange market is without regulation. In the United States, the NFA and CFTC regulate FCM's and the SEC and the NASD regulate broker/dealers.