forex bookAre 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 need
This 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 approach
This 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.
Fill in your details below and get your free download code!
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Wednesday, June 20, 2007
WHY EASY FOREX TRADING PLATFORM?
Here are the questions, and the answers …
Personal account management
Live training, one-on-one help
Rates, Limits and Stop-Loss
No software download
Instant Deposit with Credit Card
Start trading in less than 5 minutes
Margin trading with US$25 and up
Freeze the Rate you see and trade Forex online
No hidden costs
Security and Safety
Special Terms for frequent traders
Competitive Spreads
Live Real-Time streaming quotes
Refer-a-Friend: special client's incentive program
Business partners and reputation
Full control with online access, hands-on moneys invested
Full Transparency
Personal account management
Anybody there?
Are there real people behind the phone (or the e-mail box)?
Do I speak with the same person, managing the service to my Forex account and providing the personal touch and assistance, online?
Easy-Forex™ expert team members are available for you, at all times, anytime. Moreover, you have your own Account Service Manager working closely with you, and the dealing room services are offered to you by expert Forex dealers. You may speak with us over the phone, over e-mail, or over the advanced online CHAT system that we run, as well as visit your regional office and meet in person. Yes, it's internet, but we are real, and we take it personally.
Live training, one-on-one help on first steps in online trading
Do they offer professional assisting tools?
Easy-Forex™ offers background information for the Forex market, Guided-Tour, seminars, one-on-one training, CHAT, telephone support, as well as other assistance tools, including technical support. You are never left alone to trade without help, if indeed you need it. Moreover, your personal Account Service Manager will guide you live, on your first trading steps, to help you get acquainted with the Easy-Forex™ system, and will answer your technical questions.
Rates, Limits and Stop-Loss
When I set a rate to a deal, is it executed "around", or "near" the rate I set, or rather exactly on it?
Easy-Forex™ executes your set rates, including Stop-Loss and Take-Profit rates, by using the latest technologies. We are committed to the principle that you should not lose more than your Stop-Loss amount at risk, as defined by you. Please see our terms & conditions.
As well, per your pre-set TAKE-PROFIT rate (if you choose to set such rate) your deal will be automatically closed, exactly on your pre-defined Take-Profit rate.
Needless to say that you can change those pre-defined rates, Stop-Loss as well as Take-Profit, at any time while your deal is open.
It is highly important that you know that, due to the nature of the forex global market, 100% guarantee to pre-set rates is impossible. Such may occur under highly volatile market conditions, where other parties to the Forex trade (e.g. – the trader, the platform, the liquidity provider, etc.) are unable to execute specific rates, or specific rate range, due to conditions that are beyond their control.
Simply put: Easy-Forex™ makes any and all efforts to guarantee the rates, when it is able to doing so, unless market conditions prevent delivering the rate selected.
No software download
Is their internet platform friendly and easy to use?
Do I need to download any software?
Can the trading be performed immediately, without any obligation to a certain configuration or a computer?
Easy-Forex™ Trading Platform is the only Forex platform that enables users to start trading immediately. With no software download required you may login to your account and trade anytime, from anywhere.
Instant Deposit with Credit Card
Am I bound to wait for the banking hours, or can I deposit trading margins with my credit card?
Should I miss an opportunity, in case I would like to change the margins in the middle of the night?
And when I profit, can I withdraw the profits to my credit card account?
Easy-Forex™ is the only Forex platform which allows you to fund your account with your credit card, so you can start trading immediately, regardless of banking work days or hours! Easy-Forex™ cares about protecting your credit card security as well as protecting your privacy to the highest standards. To achieve that, we use the latest technologies and comply with all relevant regulations. Please read our terms & conditions
Start trading in less than 5 minutes
Are there any tedious procedures needed for account set-up?
Can I immediately register, deposit the margins for the deal, and start running?
Of course you can, especially when you have no software to download, and you have the option to use your credit card for depositing the margin required for the trading. Please note that due to security measures, aimed to protect you, the Forex trader, the scope of deals on the first week of new users trading with Easy-Forex™ is limited. Such restriction will be removed after making a phone contact with our team.
Margin trading with as little as US$25
What is the lowest amount I can risk and deal Forex with?
The Easy-Forex™ system enables you to trade with small amounts as well. You can start using Easy-Forex™ even with an amount as little as $25! No bank would ever offer you such an opportunity! When trading, you may deposit the sum that suits you, or fits the amount that you are willing to risk. Starting to trade with such small amounts is the best way to get acquainted with the Forex marketplace. Much better than operating "DEMO" accounts, where you are not really risking your own money. After getting familiar with the system, you may increase your level and scope of activity, as you find fit.
Freeze the Rate you see and trade Forex online
When I select a rate for a deal, can I "FREEZE" it for a few seconds, before I should make my final decision?
Do I have enough time to regret?
Unlike any other trading platform today, Easy-Forex™ offers you the possibility to Freeze the Buy or the Sell rate that you see for a few seconds, irrespective of rate movements. That means that the rate you see and freeze is the rate you get (if indeed you decide to make the deal). During those "FREEZE" seconds, the Forex market could change, however - you are guaranteed to use the rate you have frozen, in case you wish to materialize it into a deal. Please note that guaranteeing the rate per such feature is available during regular market activity only. Under unusual conditions, this feature will not be guaranteed.
No hidden costs
Are all commissions clearly visible and well informed?
Am I charged commissions on trading?
Am I charged commissions on my profit withdrawals?
Our transparent system assures you that with Easy-Forex™ you pay no commissions for the deals you make!! (see our Spreads and Commissions page). Easy-Forex™ acts as a market maker, and makes its earnings from the spreads that are embedded in the currency rates. In the "Day trading" zone you may roll over your positions to the next day, and then you pay a renewal fee. Please see our terms & conditions. As well, you are never charged for profit withdrawals or deposits.
Security and Safety
What kind of safety and security measures are taken to protect my transactions?
Literally, the best. Easy-Forex™ treats the issues of data security, privacy, integrity and backup with the utmost attention and care. This is achieved through:
Ensuring authorized access only, Easy-Forex™ uses two layers of top class firewall: one at the server level and one at the application level.
For user authentication and data transfer Easy-Forex™ uses an advanced SSL by Verisign
Separating the application servers (the servers that handle our clients' online activity) from the transaction information: those are stored on a different data server.
For data recovery, integrity and replication Easy-Forex™ uses two different server farms, physically located away from each other. Data has to be synchronized in both locations, thus cannot be tampered with. All the information on the servers is stored encrypted.
The physical security of each server farm is very high. Armed guards are situated 24 hours a day, and access to the premises is strictly forbidden except for authorized personnel.
We make sure that whatever happens: failure, disaster, etc. your transactions are intact, secure, and backed up.
Special Terms for frequent traders
Can the trading terms I am offered be tailor-made to my personal preferences?
The spreads and other terms in our site assume deals of small and up to medium volumes. If you are a frequent trader dealing in larger volumes, we offer you a tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.). contact us by e-mail or phone, to obtain your special trading terms.
Competitive Spreads
How many "pips" do they offer as their spread?
The spreads in our site assume deals of small and up to medium volumes. If you are a frequent trader dealing in larger volumes, we offer you a tailor-made account to suit your exact needs (spreads and leverage).
Live Real-Time streaming quotes
Are the rates presented the most updated rates?
Whom are they powered by?
Do they work with world's leading financial data providers?
The Easy-Forex™ high-edge system uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes. You may check your accounts and positions in real time, you may do so 24 hours a day, and make a deal based on real-time information. Easy-Forex™ believes it is highly important for you to be able to control your funds whenever you wish, and base your deals on real-time information. That is the level of service you deserve!!
Please note that trading is not available between 14:00 and 19:00 GMT on Sundays. Moreover, several currencies (including Gold and Silver) are not traded “around the clock”. We recommend that you check the trading hours for specific currencies with our dealing room. In most cases, Traders can trade Forex beyond the normal trading hours. However, trading in such hours, if indeed available, usually involves higher spreads.
Easy-Forex™ makes its best efforts to perform the maintenance and upgrading of its website during Sundays, when the world market is not active.
Refer-a-Friend: special client's incentive program
Will I be credited and enjoy benefits for referring friends to the trading platform?
Of course. Being our Easy-Forex™ user, you are entitled for our cash and other bonuses on referrals. Just call your regional office and we'll be happy to prove our commitment.
Business partners and reputation
Who are their business partners?
Who is their liquidity supplier?
Is it a known international bank?
Whom do they work with, regarding data security?
Easy-Forex™ works with several reputable organizations, of the highest reputation in their fields. All related areas such as liquidity providing bank, data security system, external auditing and others: just click on their logos (appearing on our homepage) or read the ABOUT section. We are proud to join forces with the best, hence leading the market with high credibility and professionalism. To name just a few, Easy-Forex™ works closely with UBS, the Swiss world-leading bank as its liquidity provider; with PWC, being Easy-Forex™ external auditors; with Reuters, our major online data provider; with Verisign, for our data and transaction security; and others.
Full control with online access, hands-on moneys invested
Can I control my Forex account from anywhere on the globe, from any computer, at any desired time, 24x7x365?
Of Course. Any computer connected to the internet, anywhere on the globe, would enable your accessibility. In case you have technical difficulties - relating to old versions of PC hardware or software - please read our TECHNICAL SUPPORT section (linked at the bottom of our homepage).
Please note that trading is not available between 14:00 and 19:00 GMT on Sundays. Moreover, several currencies (including Gold and Silver) are not traded “around the clock”. We recommend that you check the trading hours for specific currencies with our dealing room. In most cases, Traders can trade Forex beyond the normal trading hours. However, trading in such hours, if indeed available, usually involves higher spreads.
Easy-Forex™ makes its best efforts to perform the maintenance and upgrading of its website during Sundays, when the world market is not active.
Full Transparency
May I generate detailed reports at a click of a button, as well as track all transactions performed in my Forex account, whenever I wish?
Of course. That's what they call in the business "WYSIWYG" (What you see is what you get). You may check the value of your position at any time, as well as see historical data (transactions and deals) with a click of a button. Moreover, you may generate "scenarios" ("what-if") with possible rates per you position, in order to see if you are in gain or loss.
Personal account management
Live training, one-on-one help
Rates, Limits and Stop-Loss
No software download
Instant Deposit with Credit Card
Start trading in less than 5 minutes
Margin trading with US$25 and up
Freeze the Rate you see and trade Forex online
No hidden costs
Security and Safety
Special Terms for frequent traders
Competitive Spreads
Live Real-Time streaming quotes
Refer-a-Friend: special client's incentive program
Business partners and reputation
Full control with online access, hands-on moneys invested
Full Transparency
Personal account management
Anybody there?
Are there real people behind the phone (or the e-mail box)?
Do I speak with the same person, managing the service to my Forex account and providing the personal touch and assistance, online?
Easy-Forex™ expert team members are available for you, at all times, anytime. Moreover, you have your own Account Service Manager working closely with you, and the dealing room services are offered to you by expert Forex dealers. You may speak with us over the phone, over e-mail, or over the advanced online CHAT system that we run, as well as visit your regional office and meet in person. Yes, it's internet, but we are real, and we take it personally.
Live training, one-on-one help on first steps in online trading
Do they offer professional assisting tools?
Easy-Forex™ offers background information for the Forex market, Guided-Tour, seminars, one-on-one training, CHAT, telephone support, as well as other assistance tools, including technical support. You are never left alone to trade without help, if indeed you need it. Moreover, your personal Account Service Manager will guide you live, on your first trading steps, to help you get acquainted with the Easy-Forex™ system, and will answer your technical questions.
Rates, Limits and Stop-Loss
When I set a rate to a deal, is it executed "around", or "near" the rate I set, or rather exactly on it?
Easy-Forex™ executes your set rates, including Stop-Loss and Take-Profit rates, by using the latest technologies. We are committed to the principle that you should not lose more than your Stop-Loss amount at risk, as defined by you. Please see our terms & conditions.
As well, per your pre-set TAKE-PROFIT rate (if you choose to set such rate) your deal will be automatically closed, exactly on your pre-defined Take-Profit rate.
Needless to say that you can change those pre-defined rates, Stop-Loss as well as Take-Profit, at any time while your deal is open.
It is highly important that you know that, due to the nature of the forex global market, 100% guarantee to pre-set rates is impossible. Such may occur under highly volatile market conditions, where other parties to the Forex trade (e.g. – the trader, the platform, the liquidity provider, etc.) are unable to execute specific rates, or specific rate range, due to conditions that are beyond their control.
Simply put: Easy-Forex™ makes any and all efforts to guarantee the rates, when it is able to doing so, unless market conditions prevent delivering the rate selected.
No software download
Is their internet platform friendly and easy to use?
Do I need to download any software?
Can the trading be performed immediately, without any obligation to a certain configuration or a computer?
Easy-Forex™ Trading Platform is the only Forex platform that enables users to start trading immediately. With no software download required you may login to your account and trade anytime, from anywhere.
Instant Deposit with Credit Card
Am I bound to wait for the banking hours, or can I deposit trading margins with my credit card?
Should I miss an opportunity, in case I would like to change the margins in the middle of the night?
And when I profit, can I withdraw the profits to my credit card account?
Easy-Forex™ is the only Forex platform which allows you to fund your account with your credit card, so you can start trading immediately, regardless of banking work days or hours! Easy-Forex™ cares about protecting your credit card security as well as protecting your privacy to the highest standards. To achieve that, we use the latest technologies and comply with all relevant regulations. Please read our terms & conditions
Start trading in less than 5 minutes
Are there any tedious procedures needed for account set-up?
Can I immediately register, deposit the margins for the deal, and start running?
Of course you can, especially when you have no software to download, and you have the option to use your credit card for depositing the margin required for the trading. Please note that due to security measures, aimed to protect you, the Forex trader, the scope of deals on the first week of new users trading with Easy-Forex™ is limited. Such restriction will be removed after making a phone contact with our team.
Margin trading with as little as US$25
What is the lowest amount I can risk and deal Forex with?
The Easy-Forex™ system enables you to trade with small amounts as well. You can start using Easy-Forex™ even with an amount as little as $25! No bank would ever offer you such an opportunity! When trading, you may deposit the sum that suits you, or fits the amount that you are willing to risk. Starting to trade with such small amounts is the best way to get acquainted with the Forex marketplace. Much better than operating "DEMO" accounts, where you are not really risking your own money. After getting familiar with the system, you may increase your level and scope of activity, as you find fit.
Freeze the Rate you see and trade Forex online
When I select a rate for a deal, can I "FREEZE" it for a few seconds, before I should make my final decision?
Do I have enough time to regret?
Unlike any other trading platform today, Easy-Forex™ offers you the possibility to Freeze the Buy or the Sell rate that you see for a few seconds, irrespective of rate movements. That means that the rate you see and freeze is the rate you get (if indeed you decide to make the deal). During those "FREEZE" seconds, the Forex market could change, however - you are guaranteed to use the rate you have frozen, in case you wish to materialize it into a deal. Please note that guaranteeing the rate per such feature is available during regular market activity only. Under unusual conditions, this feature will not be guaranteed.
No hidden costs
Are all commissions clearly visible and well informed?
Am I charged commissions on trading?
Am I charged commissions on my profit withdrawals?
Our transparent system assures you that with Easy-Forex™ you pay no commissions for the deals you make!! (see our Spreads and Commissions page). Easy-Forex™ acts as a market maker, and makes its earnings from the spreads that are embedded in the currency rates. In the "Day trading" zone you may roll over your positions to the next day, and then you pay a renewal fee. Please see our terms & conditions. As well, you are never charged for profit withdrawals or deposits.
Security and Safety
What kind of safety and security measures are taken to protect my transactions?
Literally, the best. Easy-Forex™ treats the issues of data security, privacy, integrity and backup with the utmost attention and care. This is achieved through:
Ensuring authorized access only, Easy-Forex™ uses two layers of top class firewall: one at the server level and one at the application level.
For user authentication and data transfer Easy-Forex™ uses an advanced SSL by Verisign
Separating the application servers (the servers that handle our clients' online activity) from the transaction information: those are stored on a different data server.
For data recovery, integrity and replication Easy-Forex™ uses two different server farms, physically located away from each other. Data has to be synchronized in both locations, thus cannot be tampered with. All the information on the servers is stored encrypted.
The physical security of each server farm is very high. Armed guards are situated 24 hours a day, and access to the premises is strictly forbidden except for authorized personnel.
We make sure that whatever happens: failure, disaster, etc. your transactions are intact, secure, and backed up.
Special Terms for frequent traders
Can the trading terms I am offered be tailor-made to my personal preferences?
The spreads and other terms in our site assume deals of small and up to medium volumes. If you are a frequent trader dealing in larger volumes, we offer you a tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.). contact us by e-mail or phone, to obtain your special trading terms.
Competitive Spreads
How many "pips" do they offer as their spread?
The spreads in our site assume deals of small and up to medium volumes. If you are a frequent trader dealing in larger volumes, we offer you a tailor-made account to suit your exact needs (spreads and leverage).
Live Real-Time streaming quotes
Are the rates presented the most updated rates?
Whom are they powered by?
Do they work with world's leading financial data providers?
The Easy-Forex™ high-edge system uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes. You may check your accounts and positions in real time, you may do so 24 hours a day, and make a deal based on real-time information. Easy-Forex™ believes it is highly important for you to be able to control your funds whenever you wish, and base your deals on real-time information. That is the level of service you deserve!!
Please note that trading is not available between 14:00 and 19:00 GMT on Sundays. Moreover, several currencies (including Gold and Silver) are not traded “around the clock”. We recommend that you check the trading hours for specific currencies with our dealing room. In most cases, Traders can trade Forex beyond the normal trading hours. However, trading in such hours, if indeed available, usually involves higher spreads.
Easy-Forex™ makes its best efforts to perform the maintenance and upgrading of its website during Sundays, when the world market is not active.
Refer-a-Friend: special client's incentive program
Will I be credited and enjoy benefits for referring friends to the trading platform?
Of course. Being our Easy-Forex™ user, you are entitled for our cash and other bonuses on referrals. Just call your regional office and we'll be happy to prove our commitment.
Business partners and reputation
Who are their business partners?
Who is their liquidity supplier?
Is it a known international bank?
Whom do they work with, regarding data security?
Easy-Forex™ works with several reputable organizations, of the highest reputation in their fields. All related areas such as liquidity providing bank, data security system, external auditing and others: just click on their logos (appearing on our homepage) or read the ABOUT section. We are proud to join forces with the best, hence leading the market with high credibility and professionalism. To name just a few, Easy-Forex™ works closely with UBS, the Swiss world-leading bank as its liquidity provider; with PWC, being Easy-Forex™ external auditors; with Reuters, our major online data provider; with Verisign, for our data and transaction security; and others.
Full control with online access, hands-on moneys invested
Can I control my Forex account from anywhere on the globe, from any computer, at any desired time, 24x7x365?
Of Course. Any computer connected to the internet, anywhere on the globe, would enable your accessibility. In case you have technical difficulties - relating to old versions of PC hardware or software - please read our TECHNICAL SUPPORT section (linked at the bottom of our homepage).
Please note that trading is not available between 14:00 and 19:00 GMT on Sundays. Moreover, several currencies (including Gold and Silver) are not traded “around the clock”. We recommend that you check the trading hours for specific currencies with our dealing room. In most cases, Traders can trade Forex beyond the normal trading hours. However, trading in such hours, if indeed available, usually involves higher spreads.
Easy-Forex™ makes its best efforts to perform the maintenance and upgrading of its website during Sundays, when the world market is not active.
Full Transparency
May I generate detailed reports at a click of a button, as well as track all transactions performed in my Forex account, whenever I wish?
Of course. That's what they call in the business "WYSIWYG" (What you see is what you get). You may check the value of your position at any time, as well as see historical data (transactions and deals) with a click of a button. Moreover, you may generate "scenarios" ("what-if") with possible rates per you position, in order to see if you are in gain or loss.
Forex Online Internet Trading - Global Markets and Internet Trading
In today’s society, for a majority of investments there is now some level of currency change or transaction to be made, for trading on the stock market, futures and options, or any other market, foreign exchange is almost always involved. This has created a diverse market in broker and online stock broker. Most people already have some level of dealing with currencies; the worth of the very money you save and invest is determined through the worth of another country’s currency. No matter what your business trade, whether in international trade or not, practically any type of business, now requires some form of foreign exchange operation. It is not surprising then that the foreign exchange market (Forex) market is one of the largest in the world, it is approximately 32.5 times larger than all the equity markets put together. As with all industries Forex online has developed to cater for a global market. This is a relatively new area of Internet trading that is growing on a daily basis; NorthFinance is a well-established company with direct access brokers trading on the market since 2001.
Internet trading is now an integral part of everyday life in every business not only for the broker; the Internet plays a large and dominating role. Internet security and fraud is a feature of the World Wide Web all consumers must be aware of and remain vigilant about, especially in keeping their personal details private. NorthFinance LTD. is a registered company with our head office situated in Belize City, Belize. Maintaining the high standards we build our company ethos upon have guaranteed customer satisfaction and security, all our customers are issued with a bank guarantee and our electronic cash transfers are widely operated through visa electron. A bank guarantee offers our customers security and peace of mind. Our years of Forex online trading have taught us how to provide the best online brokers and the lowest cost brokers. All our customer information is regarded as highly confidential and we do not disclose such information to third parties. Our company provides all its clients with a bank guarantee to ensure the return of the invested sum. Our continued success reflects the value we place in our customers.
NorthFinance has established various options for our customers to conduct business with their money when accessing Forex online; visa electron is now one of the most widely used forms of payment. With over 250 million visa electron cards in use daily for payment at more than 12 million electronic merchants around the world and on the Internet, it is a well tested and thoroughly secure method of payment. We also accept all kinds of wire transfers with all major currencies. As a globally operating company we access bank accounts in different regions all over the world, so we are sure to meet your preferred medium of payment.
NorthFinance also operates an ‘Introducing Brokers’ program, this is not to be confused with our team of highly qualified interactive brokers that assist in guiding our clients. Introducing brokers focus on establishing a customer base and offering them Forex online services, they receive generous compensations and incentives in return for introducing new customers. Introducing Brokers is comprised of individuals or entities concentrating on the sales and marketing of financial business. This is often just one service of a wider range of services offered by the broker. A full description of the workings of our highly competitive IB program is available for our clients interested in discovering more about developing their companies potential.
Internet trading is now an integral part of everyday life in every business not only for the broker; the Internet plays a large and dominating role. Internet security and fraud is a feature of the World Wide Web all consumers must be aware of and remain vigilant about, especially in keeping their personal details private. NorthFinance LTD. is a registered company with our head office situated in Belize City, Belize. Maintaining the high standards we build our company ethos upon have guaranteed customer satisfaction and security, all our customers are issued with a bank guarantee and our electronic cash transfers are widely operated through visa electron. A bank guarantee offers our customers security and peace of mind. Our years of Forex online trading have taught us how to provide the best online brokers and the lowest cost brokers. All our customer information is regarded as highly confidential and we do not disclose such information to third parties. Our company provides all its clients with a bank guarantee to ensure the return of the invested sum. Our continued success reflects the value we place in our customers.
NorthFinance has established various options for our customers to conduct business with their money when accessing Forex online; visa electron is now one of the most widely used forms of payment. With over 250 million visa electron cards in use daily for payment at more than 12 million electronic merchants around the world and on the Internet, it is a well tested and thoroughly secure method of payment. We also accept all kinds of wire transfers with all major currencies. As a globally operating company we access bank accounts in different regions all over the world, so we are sure to meet your preferred medium of payment.
The Online stock broker
With the vast growth of Forex online a new development for the online stock broker has simultaneously occurred. For many would-be investors and traders approaching the market for the first time can appear daunting this encourages the use of interactive brokers. A broker is defined as an individual, or firm, that acts as a mediator, matching buyers and sellers for a fee or commission. A broker is also regularly employed to maintain and monitor the 24-hour Forex marketplace. With so many competing companies, NorthFinance is proud to offer not only the best online brokers but also the lowest cost brokers. Our interactive brokers have years of experience in Forex online and all aspects of Internet trading. Our brokers tailor your account to suit your needs, taking into consideration your budget, requirements and risk tolerance. At NorthFinance we understand the value of having a trustworthy, direct access broker. When you enlist the services of an experienced Forex broker you extract much more from Forex online, you can be sure that you will receive the highest level of service available anywhere. Our trading desk is open 24 hours a day, offering customer support from Sunday to Friday with direct connections from 17 countries worldwide. Qualified staff will be available to help you with any question or concern you may have regarding foreign currency trading. Knowledgeable, interactive brokers can make a big impact on trading success. Which is why at NorthFinance we employ only the best Forex brokers to guide and advise you through all your Forex online transactions.NorthFinance also operates an ‘Introducing Brokers’ program, this is not to be confused with our team of highly qualified interactive brokers that assist in guiding our clients. Introducing brokers focus on establishing a customer base and offering them Forex online services, they receive generous compensations and incentives in return for introducing new customers. Introducing Brokers is comprised of individuals or entities concentrating on the sales and marketing of financial business. This is often just one service of a wider range of services offered by the broker. A full description of the workings of our highly competitive IB program is available for our clients interested in discovering more about developing their companies potential.
Forex Trading, fx trading
The rise of the Forex market or FX trading over the past thirty years has seen Forex trading become one of the most vigorous markets of its kind in operation today. Daily FX trading regularly peaks at over $1.5 trillion US Dollars. Traders exploit the market that has been created in the volatility of global currency. With foreign currency conversion rates constantly fluctuating, educated traders can use these fluctuations to their advantage to earn a profit. Forex trading hours are an influencing factor that has supported the growth of the market. As Forex trading occurs on a global scale Forex day trading rarely closes for business, overlaps and time differences mean the market closes for a brief period on Sunday. With a range of services and tailor-made packages available to suit every individual investor needs it’s not difficult to understand the appeal of FX trading.
The best Forex trading system is employed to ensure traders can get the most out of the Forex trading hours, one of the major advantages offered by the Forex trading platforms is the flexibility allowed to develop unique individual trading accounts. Secure transactions are carried out daily on a global scale so investors can be assured their money lies with dependable experts. Forex trading signals, which are issued on a regular daily basis, keep traders informed on developments in the financial marketplace. Using the best Forex trading system for all customer accounts gives all investors these benefits, fair quotes, up to date reviews and flexibility regardless of the invested sum.
Forex System
Forex for Beginners
Forex is an international market that buys and sells currencies of the world; the mechanisms of the marketplace are very similar to that of other markets such as the stock market. The purpose is to buy low and sell high to maximize profits. There are various Forex strategy and Forex options to utilize, some investors find researching past trends and fluctuations helpful. By reading trends appreciating and depreciating patterns can be recognized. There are steps new trades can take in order to ensure their introduction to the marketplace is straightforward as well as rewarding. On joining this global trading arena it is necessary to maintain constant analysis while recognizing the value of time. There are numerous Forex strategy and Forex options to choose from, being familiar with these working makes Forex for beginners comprehensible.The Forex System
The Forex system offers huge potential for investors once they have learned to exploit the marketplace, as this is a relatively new investment area particularly to private investors, many would-be investors become intimated by the market. Uncertainty of the Forex trading systems mixed with fear of the unknown prevents many people from trading on this global market. NorthFinance Forex aims to simplify and explain the Forex options and the workings of the system to help all first time investors in the FX reach their prospective profits. From setting up your Forex account to beginning trading, Northfinance Forex will guide you through the process, in easy to follow instructions. There is always a range of dealers’ online supplying different quotes, regardless of being a large corporation or a private individual the rates remain the same. Being a 24-hour business allows customers to access their account at a time that suits them wherever they may be located- when trading in Forex there are no limitations.Setup Forex
As with all aspects of the Forex system, setup Forex is a simple process that can be initiated right away. All that is needed to begin trading is a real account opening. New customers are advised to open a free trial demo account to familiarize themselves with the Forex options and organization. It is also useful in building confidence in first time investors and finding a suitable approach to trading. A demo account works like a virtual account, no real money is invested and so no money can be lost, all monies tendered are intangible and have no worth. This is the best method of introduction to the Forex trading system for new and hesitant investors. On being asked to submit a virtual deposit it is advised that customers deal with money equal to the actual amount of money they have available for investment. Customers are then free to test Forex strategy and techniques without the risk of losing money.Following the use of a demo account, the trader progresses to setup Forex real account opening, a registration will also need to be completed as well as providing required documents and signed forms. Once a real account opening has successfully been accepted it is important to remember that all monies tendered are real, your demo account will become obsolete. As with all personal accounts please ensure the details of your real account opening remain private, do not share your login or password details with others and always be vigilant and aware of security settings.
The Forex Strategy
Forex strategy generally provides independent traders, companies and dealers with currency and movement analysis in the marketplace. One of the most effective strategies employed in the Forex system is consistency; fluctuations need to be monitored in accordance with events that may influence trends. A country’s political, economic and social position will have an impact on the strength of their currency when trading on the global Forex market. This is known as a trend following system and is mostly suited to medium-term investments. Base strategy monitors the generation of signals on a daily basis, it offers the benefit of a fixed stable price and is more suited to short-term investments.Forex Options
Forex options, are another component that draws similarities with the stock market, they offer traders more security in being able to limit risk and increase profit when trading in the market. There are generally two types of options an investor can choose from, the first being a traditional option. This gives the buyer the right but not the obligation to purchase a currency at a set or agreed price and time. If a trader has taken advantage of Forex options and during the agreed time the currency being bought appreciates, the trader can sell this currency at a profit. However, if the currency depreciates the trader loses only the premium paid for the option. The second type of Forex options available is known as SPOT- Single Payment Options Trading. The Forex trader dictates this type of option, it is a prediction from the trader on what they forecast will occur on the Forex market. If the trader is successful the profit potential can be unlimited and if the SPOT is not a success only the premium is lost. Forex options give investors another tool with which to limit losses and increase profits, they are particularly popular at periods of economic reporting.Becoming a Business Broker
One of the unique features of the Forex market is the huge potential it offers to all its clients, both individual traders and companies are given equal opportunities to expand in to other areas of Forex trading. At NorthFinance all our customers have the option of becoming a business broker, in the forex system this can offer a vast portal to creating and generating more revenue for your company. Becoming a business broker in the Forex system is relatively simple; it is similar to real estate except a Forex business broker specializes in Forex trading rather than in property trading. Many brokers specialize in certain areas whilst others operate as full service broker.
A full service broker negotiates the selling and buying foreign currency all over the world; negotiation is a key factor in your job role, along with an extensive back knowledge of the forex system. As knowledge is power, learning as much about Forex and the Forex system is crucial to the full service broker role of assisting and advising their customers. As the Forex market is a relatively new market especially to first time, individual and smaller investors, for years it was only large corporations and skilled professional who took full advantage of buying foreign currency. For this reason many clients approach the forex system as hesitant investors with limited or minimal knowledge of its operations and expanding opportunities. Therefore it is vital for clients to be educated in the system and its operations or employ the assistance of a professional and experienced broker.
Currency Trading Software
All markets are volatile environments, economic, social and political issues all have a bearing and influencing effect on their fluctuations, and this is true also of the Forex market. Getting changing information and data to your clients in as short a time as possible becomes a necessity on the ever-transforming Forex trading market. That is why at NorthFinance we offer our clients only the most up to date currency trading software, giving them access to the forex system with changing news and events as they occur on a global scale. The currency trading software utilized is able to supply information and quotes in real-time, the average execution time being 5 minutes or less. When a trader can obtain quotes at a rapid speed, they can also execute deals at an equally rapid pace.Becoming a business broker in the Forex system is heavily dependent on buying foreign currency as well as being able to sell it at the right moment. Forex trading centers on the appreciating or depreciating values on various currencies on a global scale. This exciting and dynamic market is only beginning to reveal its true potential for individual and private traders. Operating over a 24-hour period on a global scale situates traders in an expansive unlimited marketplace with professional and experienced competitors. The currency trading software is vital to the speed and success of bids and quotes. Quotes on different currencies from a global network of brokers are constantly changing; in order to compete successfully in Forex trading real time and fast connections are recommended.
Full Service Broker
NorthFinance offer a highly competitive and lucrative opportunity for clients interested in becoming a business broker on the Forex trading market. Our Introducing Broker (IB) program lists full details and requirements for this service. Among the many benefits you receive as an IB is the use of our services for your clients, including the free download of our currency trading software, making your growth and profits on the Forex system an unlimited potential. By passing on the knowledge and services we offer to our clients, you can expand your business into a full service broker firm. Becoming a business broker gives you the opportunity to expand your company at your speed and with your own preferences. The experience and insights you have already gained, as a trader will prove an invaluable commodity.Becoming a business broker will effectively make you or your business, a representative of NorthFinance Company LTD. As such your company or full service broker firm will gain a greater Internet and online presence in the Forex market. The Forex system is a booming and competitive market place, to have a well respected and long established company in your cooperation will reassure your clients of both your market authority and experience and of your integrity. The services we supply to you keep overheads for operating and maintaining your business at a minimum. You will earn and receive incentives according to your clients’ activities so educating and informing your customers is a must. Throughout this interactive website you will find numerous literature and material advising you how best to approach the Forex trading world.
Participants of Forex
- commercial banks
- currency stock exchanges
- the firms which are carrying out the foreign trade operations
- investment funds
- the broker companies, private persons
Participants of this market are: large commercial banks, which the basic operations under the instruction of exporters and importers are carried out through, investment institutes, insurance and pension funds and private investors. Also these banks carry out operations and in the interests due to own means, thus volumes of daily operations at large banks reach for billions of dollars. Some banks make the basic part of the profit formed only due to speculative currency operations.
Except for banks, the broker houses are the active participants of the market, which are carrying out a role of the intermediary between a plenty of banks, funds, commission houses, the dealing centers, etc. act.
Commercial banks and broker houses not only make operations on sale and purchase of currency under the prices which are established by the other active participants, but also offer own prices. Thus, they actively influence a process of pricing and a life of all market, therefore they are named market - makers. As against active participants, passive participants of the market cannot offer own quotations and make purchase-sale of currency under the prices which are offered by active participants of the market.
Passive participants of the market pursue usually following targets: payment of export-import contracts, foreign industrial investments, opening of branches abroad or creation of joint ventures, tourism, gamble on a difference of rates, hedging of currency risks, etc.
The Central banks of the different countries come on FOREX, not with the purpose of extraction of the profit, as a rule. They usually do it with the purpose of stability check up, or correction of an existing rate of national currency, The correction of an existing rate of national currency influences on a condition of national economy.
The central banks also come out on the currency market through commercial banks. The profit is not the basic purpose of these banks, unprofitable operations do not involve them aswell. Therefore interventions of the central banks are masked usually and carried out through several commercial banks at once.
The central banks of different countries can carry out also the joint coordinated interventions. If active participants make operations with the big sums of a few millions dollars passive participants can use margin trade, They have an opportunity to temporarily operate the capital, in one hundred times exceeding this deposit. Such way of trade allows to take a part in work of the currency market to fine investors with the small capital and thus to receive significant profit.
The structure of the basic participants of the market testifies that this market is actively used by "serious business" and for the serious purposes. That means not all the participants of the market use FOREX in speculative purposes. As we already said, the change of the exchange rates can lead to huge losses at the export-import transactions. Attempts to be protected from currency risks force exporters and importers to apply for hedging various instruments of the currency market: forward transactions, options, futures, etc.
Moreover, the business not even associated to export-import transactions, can have loss at change of Currency rates. That's why studying FOREX is an obligatory component of any successful business.
- currency stock exchanges- the firms which are carrying out the foreign trade operations- investment funds- the broker companies, private personsParticipants of this market are: large commercial banks, which the basic operations under the instruction of exporters and importers are carried out through, investment institutes, insurance and pension funds and private investors. Also these banks carry out operations and in the interests due to own means, thus volumes of daily operations at large banks reach for billions of dollars. Some banks make the basic part of the profit formed only due to speculative currency operations.
Except for banks, the broker houses are the active participants of the market, which are carrying out a role of the intermediary between a plenty of banks, funds, commission houses, the dealing centers, etc. act.
Commercial banks and broker houses not only make operations on sale and purchase of currency under the prices which are established by the other active participants, but also offer own prices. Thus, they actively influence a process of pricing and a life of all market, therefore they are named market - makers. As against active participants, passive participants of the market cannot offer own quotations and make purchase-sale of currency under the prices which are offered by active participants of the market.
Passive participants of the market pursue usually following targets: payment of export-import contracts, foreign industrial investments, opening of branches abroad or creation of joint ventures, tourism, gamble on a difference of rates, hedging of currency risks, etc.
The Central banks of the different countries come on FOREX, not with the purpose of extraction of the profit, as a rule. They usually do it with the purpose of stability check up, or correction of an existing rate of national currency, The correction of an existing rate of national currency influences on a condition of national economy.
The central banks also come out on the currency market through commercial banks. The profit is not the basic purpose of these banks, unprofitable operations do not involve them aswell. Therefore interventions of the central banks are masked usually and carried out through several commercial banks at once.
The central banks of different countries can carry out also the joint coordinated interventions. If active participants make operations with the big sums of a few millions dollars passive participants can use margin trade, They have an opportunity to temporarily operate the capital, in one hundred times exceeding this deposit. Such way of trade allows to take a part in work of the currency market to fine investors with the small capital and thus to receive significant profit.
The structure of the basic participants of the market testifies that this market is actively used by "serious business" and for the serious purposes. That means not all the participants of the market use FOREX in speculative purposes. As we already said, the change of the exchange rates can lead to huge losses at the export-import transactions. Attempts to be protected from currency risks force exporters and importers to apply for hedging various instruments of the currency market: forward transactions, options, futures, etc.
Moreover, the business not even associated to export-import transactions, can have loss at change of Currency rates. That's why studying FOREX is an obligatory component of any successful business.
Forex Broker: Choosing the right Forex Broker
Sometimes it's hard to make a decision on which Forex broker to open our trading account, there are just too many of them. Most of them have different features, capabilities, weaknesses and advantages, for this reason I have created a checklist that can help you decide the broker to use in your Forex adventure.
1. Is it regulated?
The first question you have to ask yourself is: is the broker I want to use Regulated ? There must be no doubt about this first point. All regulated brokers must submit financial reports to regulatory authorities, and when they fail to do it, authorities have the right to fine them or terminate their membership. This enforces Forex brokers to keep transparent financial reports.
The brokers must be regulated by their local regulatory authorities, for instance, for brokers based in the US , they must be regulated by the NFA (National Futures Association) and CFTC (Commodity Futures Trading Commission), Swiss based brokers must be regulated by the FDF (Swiss Federal Department of Finance) and so on.
Also when a Forex broker is regulated allows investors to dispute any resolution, increasing the investor protection.
2. Trading Conditions
This point refers to the features of the trading platform and the trading conditions with the chosen broker. Amongst the most important factors are:
Spread - Obviously the smaller the spread on currency pairs the better the conditions are for investors and traders.
Platform execution - Trading execution refers to how fast and consistent are the execution of trades. Some brokers guarantee fast and transparent executions during normal market conditions.
Fractional trading – Some brokers allow investors and traders to trade on a fractional basis, instead of trading full lots “100,000 units” or “300,000 units”, they allow you to trade “163,345 units” or “325,911 units”. This is very helpful for trades risking certain percentage of their balance on each trade.
Safety of funds – We need to make sure our trading funds are kept in a segregated account or at least insured.
Trading platform – Easy to use and understand platform, is it reliable during fast moving markets? And what extra features it offers such as: one click buying/selling, trading directly from a chart, supports mobile devices, trailing stops, etc.)
Minimum investment – What is the minimum amount of money required to open a trading account? This aspect is very useful because before trading your full account, you need to test the waters and see how well you perform with an account with limited funds (after trading a demo account).
Margin (leverage) – What kind of leverage can be used with the chosen broker? Just to make sure our leverage requirements by our Forex strategy and methodology (leverage above 100:1 is not advisable).
Commissions – Some brokers charge commission, it is ok if they do if the spread is smaller than other brokers.
3. Diligence
Hopefully you have eliminated most brokers at this point. You should have 3 or 4 finalists. In this step do your diligences on forums, ask other traders about their experiences using their brokers, and so forth.
Some forums where you can ask for broker information are: ForexFactory, MoneyTec, ForexNews.
If brokers are registered by their local regulatory authorities, you can visit the regulator website and you will find plenty of information about Forex brokers. Some of them publish resolutions regarding Forex brokers.
Amongst the aspects you should ask and get informed are:
Customer service – This aspect is the most important of them all, are they rude to customers? Are they willingly to help customers? These are the questions you should ask in forums and fellow traders.
Slippage – Slippage is the difference between the price where the trade was executed and actual value of it. Do they honor stop loss and take profit levels? Do they guarantee it? If any one had any discrepancies, did their broker revert the result?
Manual execution – Some brokers don't like scalpers, if they catch someone doing it, they will put this trader into manual execution, so a dealer (human) must accept all transactions made by this trader. Do they do this?
Re-quotes – a re-quote happens when you click the buy/sell button and the platform doesn't accept our price, so it will give us another quote for that particular trade.
4. Testing
In this phase we should test our Forex broker, first on a demo account to see how it works, also test your system to see how it performs. If you are satisfied with the results, then try the same platform with limited funds to see how it performs on real trades. If you are satisfied again then open your full trading account with the chosen broker.
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