Trading Managers

GCI has devoted considerable dealing and technological resources to accommodating fund managers and trading managers.

GCI's online trading software is designed to facilitate trading and managing multiple accounts from a single login window. Trading managers can trade each sub-account separately, or pre-configure the number of lots that each account will be allocated from a block trade (click here for detailed instructions). The back office is fully automated for each sub-account and can be viewed individually online by each of the trading manager's clients.

Furthermore, GCI's dealing desk is also staffed by former chief dealers of major banks. We can accept orders via telephone or online 24 hours a day, and work orders or provide market insight that many funds are accustomed to receiving only from the world's top money center banks.

Please contact info@gcitrading.com for further information on trading with GCI.

Technical Support

New: Login to your GCI account with new, faster software. This will resolve any browser or Java related problems Download here!

The information listed below will allow you to resolve some common technical problems. If after reviewing the solutions below you are still encountering technical difficulties, please contact GCI at techsupport@gcitrading.com.

Problem: When attempting to login to the Trading Platform, the error message "No JDK 1.4 support for APPLET!!" is displayed.

Solution: GCI's trading system requires Java Runtime Environment ("JRE") in order to operate. If JRE is not already on your computer, it should download automatically when you attempt to access our login page, showing the following prompt:

Click "Install" and follow the on-screen prompts to download this software. If it does not install automatically, you can download and install in manually from www.gcitrading.com/jre.exe . Alternatively, you can login to your GCI account using PC-based software, which does not require JRE. This will resolve any browser or Java related problems. Download the PC-based software here

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Problem: Error message "Insufficient privileges for this operation" when login is attempted.

Solution: Either your 30-day Free demo account has expired, or you are logging into the wrong account type. Make sure you are logging into the proper CFD, Forex, or Mini Forex account (demo or Live version). If your demo account has expired, please register for a new one here.

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Problem: Error message "Wrong login name or password" is displayed when attempting login.

Solution: First, make sure you are logging into the appropriate "CFD Trading", "Forex Trading" or "Mini FX Trading" demo login, depending on which type of account you requested. All three Demo logins can be accessed from www.gcitrading.com/demologin.htm. Second, make sure you are typing your User Name and Password exactly as shown on the e-mail that you received, paying attention to which letters are upper case and which are lower case.

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Problem: Certain menu items (Charts, News, User Manual) do not display when selected from the Trading Platform.

Solution: Hold down the "Ctrl" key when clicking on these menu items. This will allow these pages to display through most "pop-up blocker" settings.

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Problem: Charts do not display properly.

Solution: Make sure you have downloaded Java 1.4. This should download automatically when you try to access the charts, but if it does not, you can download it here. Also, make sure you click on "Always" if prompted with whether or not to trust content from ActForex.

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Problem: Error message "Java.Lang.ClassNotFoundException:Hello.HelloApplet" when login is attempted.

Solution: You may have had a temporary loss of your internet connection to our servers, and the page displaying the error message is now cached. There are two solutions: 1) delete your temporary internet files (Tools, Internet Options, Delete Files, Delete all offline content), close all browsers, then re-open your browser window and try again. In addition, re-starting your computer will often fix this problem; or 2) Login using the new windows-based Software, which can be downloaded here. This software does not use Java and will not encounter any such errors.

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Problem: Java plugin cannot be downloaded, error message states that the "file is corrupt" / Download stalls and must be cancelled.

Solution: This can be caused by a large number of users accessing this file at once. The same plugin can be downloaded by accessing www.gcitrading.com/jre.exe. Choose "Run this program from its current location" and answer "Yes" and "Next" to all of the prompts. You can also save this file to disk if you wish and run it from that location (by double clicking on it or using "Start", "Run", "Browse").

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Problem: Browser window closes when login or software download is attempted.

Solution: Click on your "Start" button and select "Windows Update" (this will take you to http://windowsupdate.microsoft.com) and then "Product Updates". Download any "Critical Updates" from the Microsoft web page. Also make sure you are using Internet Explorer 5.5 or higher, which can be downloaded for free from here.

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Problem: The system needs to work through a corporate Firewall.

Solution: Most corporations use firewalls, so if you are using our system from a corporate location and it is not functioning (e.g., you cannot access the relevant pages), your network administrator will need to open the following ports:

To access Standard and Mini, Demo or Live trading: port 8100 must be opened
To access Live Back office reports: ports 9101 must be opened
To access Demo Back office reports: ports 8802 and 9000 must be opened
To access GCI Live charts: port 8805 must be opened
To access Demo Registration: port 9001 must be opened

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Problem: Once the software is installed and login has been achieved, client experiences frequent connection errors or "freezing" of the trading window.

Solution: Click on your "Start" button and select "Settings" and then "Control Panel". Double click on "Add/Remove programs". Remove any Java 1.2 or 1.3 plugins, which will be listed alphabetically. Re-install the proper plugin from www.gcitrading.com/jre.exe.

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Additional Tips:

1.

Downloading critical windows updates can resolve many problems, both with the GCI system and with Windows in general. Click on your "Start" button and select "Windows Update" (this will take you to http://windowsupdate.microsoft.com) and then "Product Updates". Download any "Critical Updates" from the Microsoft web page.
2.

If you are using or have used other trading or banking software that is Java based, you may have an outdated Java plugin that is conflicting with the GCI software. Click on your "Start" button and select "Settings" and then "Control Panel". Double click on "Add/Remove programs". Remove any Java 1.2 or 1.3 plugins, which will be listed alphabetically. Re-install the updated Java plugin from www.gcitrading.com/jre.exe.
3.

AOL users: AOL users can effectively use the GCI trading platform as follows: After downloading the Java runtime environment, we recommend that you (1) establish your connection to the internet with AOL, but then (2) login to the GCI platform using our PC-based program ("Trader JVA") which can be downloaded from www.gcitrading.com/livedownload.htm and is accessed from your desktop.
4.

MAC OS users: Mac Users will need to purchase and install Windows emulation software in order to use the GCI trading system. Please see http://www.apple.com/downloads/macosx/system_disk_utilities/virtualpc.html - purchase price is approximately $240.00. Then just open a live account with GCI, trade at least 20 lots round turn (or 200 mini lots), and we will credit the purchase price of the software to your trading account. You'll always have the windows emulation software on your Mac, which you can use to run other windows based applications if desired.


Still cannot get the Java Trading Software downloaded or running properly?

Try the our newest non-Java trading software (Windows only, will not work on Mac). Java runtime environment is not required to use this software: Download here

GCI In the Press

GCI is recognized globally as one of the premier foreign exchange market makers and providers of industry research and analysis. GCI's analysis appears regularly on Multex.com and Reuters, and is subscribed to by major institutions including J.P. Morgan, G.E. Capital, UBS AG, Lazard Asset Management, and Goldman Sachs.

· Canadian Economic Press, February 18, 2008
· Treasury Management, April 2007
· Treasury Management, September 2006
· Philippine STAR, September 2004
· FX Week, March 2003
· Central Banking JournalNovember 2002
· Financial Times, March 22, 2002
· Financial Times, March 15, 2001
· Financial Times, December 14, 2000
· Financial Times, November 7, 2000
· Financial Times, May 5, 2000

To read more GCI press appearances and market commentaries, please visit our archive

Overview of GCI Financial

GCI Financial Ltd ("GCI") is a regulated securities and commodities trading firm, specializing in online Foreign Exchange ("Forex") brokerage. In addition to Forex, GCI is a primary market maker in Contracts for Difference ("CFDs") on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.
Recommend by Top Industry Participants

GCI is recommended by top industry participants and has had its market analysis featured in leading publications, including the Financial Times. Click here for a partial list of company websites that recommend GCI Financial Ltd.

GCI's analysis also appears regularly on Multex.com and Reuters, and is subscribed to by major institutions including J.P. Morgan, HSBC Asset Management, and Goldman Sachs. Click here for a partial list of articles and publications featuring GCI.
Regulation

GCI Financial Ltd is regulated by the International Financial Services Commission (IFSC) for trading in financial and commodity-based derivatives and other securities, including foreign exchange. The IFSC's strict requirements include capital adequacy, reporting and record keeping, and proper disclosure and conduct with clients.

:: Introduction to Foreign Exchange Markets

Being the main force driving the global economic market, currency is no doubt an essential element for a country. However, in order for all the countries with different currencies to trade with one another, a system of exchange rate between their currencies is needed; this system, is formally known as foreign exchange or currency exchange.

In the early days, the system of currency exchange is supported solely by the gold amount held in the vault of a country. However, this system is no longer appropriate now due to inflation and hence, the value of one’s currency nowadays is determined through the market forces alone. In order to determine the value of a currency’s exchange rate, two main types of system is used which is floating currency and pegged currency.

For floating exchange rate, its value is determined by the supply and demand of the global market where the supply and demand is bound by all these factors such as foreign investment, inflation and ratios of import and export. Normally, this system is adopted by most of the advance countries like for example UK, US and Canada. All of these countries have a similarity where their market is well developed and stable in economic terms. These countries choose to practice this system due to the reason where floating exchange rate is proven to be much more efficient compared to the pegged exchange rate. The reason behind this is because for floating exchange rate, the market itself will re-adjust the exchange rate real-time in order to portray the actual inflation and other economic forces. However, every system has its own flaw and so does the floating exchange rate system. For instance, if a country suffers from economic instability due to various reasons such as political issues, a floating exchange rate system will certainly discourage investment due to the high risk of suffering from inflationary disaster or sudden slump in exchange rate.

Another form of exchange rate is known as pegged exchange rate. This is a system where the value of the exchange rate is fixed by the government of a country and not the supply and demand of the market. This system is called pegged exchange rate because the value of a country’s currency is fixed to another country’s currency. As a result, the value of the pegged currency will not fluctuate unlike the floating currency. The working principle behind this system is slightly complicated where the government of a country will fixed the exchange rate of their currency and when there is a demand for a certain currency resulting a rise in the exchange rate, the government will have to release enough of that currency into the market in order to meet that demand. However, there is a fatal flaw in this system where if the pegged exchange rate is not controlled properly, panics may arise within the country and as a result of that, people will be rushing to exchange their money into a more stable currency. When that happens, the sudden overflow of that country’s currency into the market will decrease the value of their exchange rate and in the end, their currency will be worthless. Due to this reason, only those under-developed or developing countries will practice this method as a form to control the inflation rate.

However, the truth is, most of the countries do not fully practice the floating exchange rate or the pegged exchange rate method in reality. Instead, they use a hybrid system known as floating peg. Floating peg is the combination of the two main systems where one country will normally fixed their exchange rate to the US Dollars and after that, they will constantly review their peg rate in order to stay in line with the actual market value.

The Foreign exchange market, or commonly known as FOREX, is the largest and most prolific financial market because each day, more than 1 trillion worth of currency exchange takes place between investors, speculators and countries. From this, we can deduce that the actual mechanism behind the world of foreign exchange is far more complicated than what we may already know, and that, the information mentioned earlier is just the tip of an iceberg.

:: Forex Margin Trading

Comparing to other investment, the Foreign Exchange margin trading is one of the fairest and the most attractive investment method.

The Foreign Exchange margin trading meaning the traders borrow loan from bank, finance organization or broker house to carry on the foreign currency trading. Generally, the financing proportion is above 20 times, which means the Forex traders’ fund may enlarge to 20 times to carry on the trading. The bigger the financing proportion, means the Forex traders just need to pay very less fund, for example, the financing proportion provided by the financial organization is 400 times, namely the lowest margin request is 0.25%, the traders just need to pay 25 US dollars, then he or she could trade as high as 10,000 US dollars, fully using the contra method to make big profit by only paying a very less price.

Besides the fund enlargement, another attraction of the Forex margin trading method is that it can be traded in both ways, you can make profit by buying the currency when the currency rise (makes many), or to sell a currency when the currency is dropping to make profit (short-selling), thus does not need to be restricted by the restriction so-called bear market is unable to make money.
Making Profit in the Foreign Exchange Market
The currency fluctuate continuously due to reasons such as political, economical reasons, sometimes the changes could be extremely great, therefore, the Forex traders also can have the opportunity in among which makes a profit. For example, the Japanese Yen daily fluctuation is probably between 0.7% to 1.5%, Forex traders may make profit through buying and selling. All trading could be completed in a short time, the trading strategy could be carry up according to the market conditions, it is extremely flexible, even if the direction looks wrong, the lost could be stop immediately, the lost could reduce but profit potential is still great. Therefore, the Foreign Exchange margin trading is the most flexible and the most reliable investment method.
Foreign Exchange Margin Trading elementary knowledge
Currency name Commonly used currency code

:: The Foreign Exchange Rate

In the international market, the Foreign Exchange rate is demonstrated by five numerals, for example:

EUR/USD 1.2653
USD/JPY 107.65
GBP/JPY 195.03

The Exchange Rate Change

The exchange rate smallest change for the final figure (is 1 pip), for example:

The EUR/USD smallest change is 0.0001
USD/JPY smallest change is 0.01

Quoted Price

All quoted prices can be divided into direct quoted price and the indirect quoted price, for example:

The direct quoted price currency includes: EUR/USD, GBP/USD, AUD/USD, NZD/USD ......
The indirect quoted price currency includes: USD/JPY, USD/CHF, USD/CAD ....

For example, the EUR/USD quoted price is 1.2653, which means each euro could convert to 1.2653 US dollars, while the USD/JPY quoted price is 107.65, which means that each US dollar could convert to 107.65 Japanese Yen.

The buying price and the selling price of the foreign currency is decided by the bank or the broker house, customer decides only the buying trend. For example, the EUR/USD quoted price general demonstration is 1.2652/57, which means the broker house is willing to buy Euro dollar at the price of 1.2652, and sell at the price of 1.2657. At this time, the price difference between the buyer and the seller (pip difference) is 5 pips, for foreign exchange trading, the smaller the point means the trading cost is lower and the chance of profit making is much larger.

:: Foreign Exchange (Forex) Market

Presently, there are various kinds of financial market, it is divided into: Stock market, interest market (including bond, commercial bill and so on), gold market (including gold, platinum, silver), futures market (including grain, cotton and kapok, oil and so on), option market and foreign exchange market or forex market and so on.

The foreign exchange market is a place to trade foreign exchange currency, or it is also a place for the transaction of all foreign currency. The foreign exchange market therefore is existence, because of:

Trade and investment
Import and export business, people pays one kind of currency when doing business, but when earns another kind of currency when receive the commodity. This means that, when settling account, business people will pay and receive different currencies. Therefore, they must convert the currencies that they received into the currencies that they could buy commodities. With this similar, when buying a foreign property a company must use the concerned country's currency to make payment, therefore, it needs to convert the domestic currency is concerned country's currency.

Speculation
Currencies exchange rates could fluctuate according to the demand and supply between two currencies. A Forex trader buys up one kind of currency in an exchange rate, but up casts this currency in another more advantageous exchange rate, he may gain. Speculation has occupied most of the Forex market.

Hedging
Due to the fluctuation between two currencies, those companies who owns foreign asset (for example factory), when these companies convert these properties into cost country currencies, there consist of certain risks. When the value of a foreign asset which is estimated based on foreign currencies remained unchanged, if the exchange rate changes, when converting this property value according to the domestic currency, there could be profit and loss. The company may eliminate such hidden risk through hedging. This carries out a foreign currency trading, its transaction result just counterbalances the foreign currency property profit and loss which produces by the exchange rate change.

Forex Market Development
The history of the Forex market as an international capital speculation market is much shorter compared the stock, the gold, the stock, the interest market, but it is developing in an astonishing speed. Today, the foreign exchange market daily trading volume has amounted to 150 billion US dollars, it’s scale has gone far beyond the stock, the stock and other finance commodity markets, it has became the world's most biggest sole finance market and the also the speculation market. Since the birth of the foreign exchange market, the fluctuation of the exchange rate of the Forex market is becoming bigger. In September 1985, 1 US dollar exchanged 220 Japanese Yen, but in May 1986, 1 US dollar only could exchange 160 Japanese Yen, in 8 months, the Japanese Yen has revalued 27%. In recent years, the foreign exchange market wave amplitude has been bigger, on September 8, 1992, 1 pound exchanged 2.0100 US dollars, on November 10, 1 pound exchanged 1.5080 US dollars, in the short two months, the pound exchanged US dollar exchange rate to fall more than 5,000, depreciated 25%. Not only that, presently, everyday the fluctuation of the exchange rate of the Forex market enlarges unceasingly, within a day the rise and drop 2% to 3% is commonly seen. On September 16, 1992, the pound exchanged US dollar from 1.8755 to fall to 1.7850, the pound on first lowers 5%.

Due to the large fluctuation of the Forex market, it has created more opportunities for the investor, attracted more and more investors to join this ranks.

:: Characteristics of Forex Market

In recent years, the foreign exchange market could favor more and more people, it becomes a favorite for the international investors, and this is strongly related to the characteristics of the Forex market. The main characteristics of the foreign exchange market are:

1st, It consists market but no trading field
The finance industry in the western countries consist two sets of systems, namely the centralism business central operation and there is no fixed place for such business network. Stock trading is being traded through stock exchange. Like the New York Stock Exchange, the London stock market, the Tokyo stock market, respectively is American, English, the Japanese stock main transaction place, it is a centralism business financial commodity, its quoted price, the transaction time and hand over to the procedure all consist of unification the stipulation, and has established the same business association, it has formulated the same business rules. The investor could buy and sells the commodity through the broker company, this is known as "consist of trading market and trading field".

But foreign exchange business is done without any unification operation market and business network, it has no centralism unified place like the stock transaction. But, the foreign currency trading network actually is globally, and it has formed a organization which has no formal organization, the market is relied through an approval way and the advanced information system, Forex traders do not consist any membership qualification for any organization, but must obtain colleague’s trust and approval. This kind of Forex market which has no trading field is known as "consist of market but no trading field". Each day, the trading volume in the global Forex market involves billions of U.S dollars, the so huge large amount fund, is being control under both the non-centralism place and non central governance system, plus it is settle based on non-government governance.

2nd, Circulation work
Due to the different geographical position of the various financial centre, the Asian market, the European market, the Americas market because of the time difference relations, it has become an entire day 24 hour continued operation whole world foreign exchange market.

Early morning 0830 (New York time) New York market opens, 0930 Chicago market opens, 1830 Sydney opens, 1930 Tokyo opens, 2030 Hong Kong, Singapore open, before dawn 1430 Frankfurt opens, 1530 o'clock London market opens. So 24 hours uninterrupted movements, the foreign exchange market becomes a day and night market, only on Saturday, Sunday as well as the various countries' significant holiday, the foreign exchange market only then can close.

This kind of continued operation, provided no time and spatial barrier ideal outlet for investors, the Forex trader may seek the best opportunity to carry on the transaction. For instance, Forex trader buys up the Japanese Yen in the morning at the New York market, in the evening Hong Kong market opens the Japanese Yen rises, the Forex trader sells in the Hong Kong market, no matter Forex trader in where, he all may participate in any market, any time business. Therefore, the foreign exchange market may say is does not have the time and the spatial barrier market.

3rd, Zero and Game
In the stock market, the rise or the drop of stock market could influence the value of the stock whether to rise or drop, for example the Japanese new date iron stock price falls from 800 Japanese Yen to 400 Japanese Yen, the value of this stock has been reduced to half. However, in the foreign exchange market, the value of a stock and a currency is being calculated differently, this is because the exchange rate is refers to the exchange ratio both countries currency, the exchange rate change will influence one kind of monetary value to reduce and at the same time another kind of monetary value increase. For instance in 22 years ago, 1 US dollar exchanges 360 Japanese Yen, at present, 1 US dollar exchanges 110 Japanese Yen, this explains the Japanese Yen currency value rise, but US dollar currency value drops, in the end the value will not reduce or increase. Therefore, some people described the foreign currency trading is "zero and the game", exactly said is the wealth shift.

In recent years, investment foreign exchange market fund has continuously increased, the exchange rate fluctuation expands day by day, urges the wealth shift to be larger, the daily trading volume of the global foreign exchange involves 150 billion US dollars, the rise or falls 1%, means that the 150 billion funds has been shifted. Although the foreign exchange rate change is very big, but, any kind of currency will not become waste paper, even if some kind of currency unceasingly falls, however, but generally it represents certain value, only if such currency has been abolished.

:: Forex Charts

Forex charts assist the investor by providing a visual representation of exchange rate fluctuations. Many variables affect currency exchange rates, such as interest rates, bank policies, geopolitics, and even the time of day may affect exchange rates.

In order to help the investor attempt to predict when or in what direction a rate may change, advisors provide forex charts. Quality forex websites provide subscribers with a daily newsletter that includes a forex chart, forex signals and a forex forecast.

There are a variety of forex charts available for the investor to use and study. Some are very simple using only a couple of forex signals or indicators and are ideal for beginners. Others include 30 or 40 forex signals or indicators and live on-line streaming data so that the investor may analyze trades quickly and accurately.

In order to make an accurate forex forecast, it would seem that the more indicators, the better, but some analysts prefer a simpler system.

The idea behind studying forex charts is that history repeats itself. Instead of trying to “see the future”, a forex forecast evaluates the past. That is to say that the analyst who is responsible for attempting to predict future currency moves analyzes what happened to an exchange rate yesterday, last week, last month or last year and uses this knowledge to the best degree he knows how.

Some people trade short term, some intermediate term, and some long term. All three types of traders may benefit from the use of forex charts, just adapted to their own trading time frame.

Investors also create their own forex charts to evaluate their own performance. Creating a forex strategy for oneself is the goal of many investors. Instead of looking to a professional to analyze forex signals, these investors choose to create their own forex forecast.

Others, however, create their own strategy but also follow the opinions of professional currency traders at the same time. It all depends on your personal preferences.

There are other forex charts that deal with known correlations between two currency pairs, that is, how they move in relation to each other. Some exchange rates are known to affect other exchange rates, either by moving in the same or the opposite direction depending on the correlation.

Charts are available that explain these correlations in detail and show which pairs have strong correlations or strong negative correlations, so that an investor can use the movement of the exchange rate of one currency as a signal to trade another currency. These correlations are also the basis for some forex forecasts.

It can be difficult and overwhelming to enter the world of forex trading alone. Experts recommend education, practice with a demo account and advice from a reputable broker who is backed by a quality institution. Learning to read forex charts and evaluate forex signals is a skill that comes with time, skills that are essential when an accurate forex forecast is the the goal.

::What Is The Difference Between Forex and Futures?

1. A Forex trader could trade more transaction compared to the futures market (the trading volume could be a times larger), and the risk will be strictly under control. The trading volume of the Forex market is 46 times larger compared to the futures market, moreover Forex traders could make more profit from the Forex market due to the larger trading volume (the transaction volume is a few times larger), the REFCO Switzerland rich transaction platform allowed transaction between 1-100 times to be carry on, moreover a Forex trader could decide his or her own transaction amount, for example: Your account has $30,000, the basic transaction unit is each $1,000 (which transaction amount in $1.00, million), namely, so the proportion of the margin of each transaction unit is 100:1.

2. The risk of the Forex trader is under control, such margin call will not happen compared to futures, through the Forex trading system, your risk will receive the strict limit, even if your margin if lower then the deposit required, the Forex trading system will automatically settle your position, this means even if a Forex trader suffered losses, moreover if the market is suffering from a disaster fluctuation, your loss could not surpass your account amount. In order to understand the advantages, please apply for the demo account to carry on the complete zero risk.

3. A Forex trader will receive a large limitation of liquidation and a relatively fair market because the trading volume of the Forex market is large and it is also the largest liquidation market in the world. At present the trading volume in the Forex market is 140 billion Dollars, such big market will completely digest your transaction cash.

4. A Forex trader may do 24 hours transactions and other markets are different, the Forex market is a 24 hour linkages market, it starts from every Sunday before dawn Australian Sydney market, substandard collect the transaction center Singapore, Tokyo, London, Frankfurt to New York continuously to open, such linkage market enable you to do 24 hours transactions, also provide flexibility for Forex trader to do transaction.

:: Famous Forex Quotes

1. “If you get in on Jones’ tip; get out on Jones’ tip”. If you are riding another person’s idea, ride it all the way.

2. Run early or not at all. Don't be an eleven o'clock bull or a five o'clock bear.

3. Woodrow Wilson said, "a governments first priority is to organize the common interest against special interests". Successful traders seek out market opportunities capitalizing on the reality that government's first priority is rarely achieved.

4. People who buy headlines eventually end up selling newspapers.

5. If you do not know who you are, the market is an expensive place to find out.

6. Never give advice-the smart don't need it and the stupid don't heed it.

7. Disregard all prognostications. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word-nobody! Thus the successful trader bases no moves on what supposedly will happen but reacts instead to what does happen.

8. Worry is not a sickness but a sign of health. If you are not worried, you are not risking enough.

9. Except in unusual circumstances, get in the habit of taking your profit too soon. Don't torment yourself if a trade continues winning without you. Chances are it won't continue long. If it does console yourself by thinking of all the times when liquidating early preserved gains you would otherwise have lost.

10. When the ship starts to sink, don't pray-jump!

11. Life never happens in a straight line. Any adult knows this. But we can too easily be hypnotized into forgetting it when contemplating a chart. Beware of the chartist's illusion.

12. Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic.

13. Whatever you do, whether you bet with the herd or against, think it through independently first.

14. Repeatedly reevaluate your open positions. Keep asking yourself: would I put my money into this if it were presented to me for the first time today? Is this trade progressing toward the ending position I envisioned?

15. It is a safe bet that the money lost by (short term) speculation is small compared with the gigantic sums lost by those who let their investments "ride". Long term investors are the biggest gamblers as after they make a trade they often times stay with it and end up losing it all. The intelligent trader will . By acting promptly-hold losses to a minimum.

16. As a rule of thumb good trend lines should touch at least three previous highs or lows. The more points the line catches, the better the line.

17. Volume and open interest are as important to the technician as price.

18. The clearest and easiest way to determine a trend is from previous highs and lows. Higher highs and higher lows mark an uptrend, lower highs and lower lows mark a downtrend.

19. Don't sell a quiet market after a fall because a low volume sell-off is actually a very bullish situation.

20. Prices are made in the minds of men, not in the soybean field: fear and greed can temporarily drive prices far beyond their so called real value.

21. When the market breaks through a weekly or monthly high, it is a buy signal. When it breaks through the previous weekly or monthly low, it is a sell signal.

22. Every sunken ship has a chart.

23. Take a trading break. A break will give you a detached view of the market and a fresh look at yourself and the way you want to trade for the next several weeks.

24. Assimilate into your very bones a set of trading rules that works for you.

25. The final phase in a bull move is an accelerated runaway near the top. In this phase, the market always makes you believe that you have underestimated the potential bull market. The temptation to continue pyramiding your position is strong as profits have now swelled to the point that you believe your account can stand any setback. It is imperative at this juncture to take profits on your pyramids and reduce the position back to base levels. The base position is then liquidated when it becomes apparent that the move has ended.

:: Forex Development History

Foreign exchange development history - exchange market evolution foreign exchange development history - exchange market evolution gold remittance system and Bretton woods agreement

In 1967, a Chicago bank rejected to provide pound loan to a professor named Milton Friedman, because his purposed was to use this fund to sell short the British pound. Mr. Friedman realized excessively that the price ratio from the British pound to US dollar at that time was high, he wanted first to sell the British pound, after the British pound fell he buys back the British pound to repay the bank again. This family bank rejects the loan offer based on the "Bretton woods Agreement" which was established 20 years ago. This agreement has fixed the various countries' currency to US dollar exchange rate, and the price ratio between the U.S dollar and the gold is also fixed to 35 US dollars to each ounce of gold.

The Bretton Woods Agreement was signed in 1944, the purposed was to prevent the currency to escape between countries, and also to limit the international speculation, thus to stabilize the international currency. Before this agreement was signed, the gold remittance standard system which was widely used since 1876 - was leading the international economy system until the First World War. In the gold remittance system, the currency was at the stable level under the support of the gold price. The gold remittance system has abolished the old time king and the ruler which depreciates the currency value unlawfully, which will lead to inflation.

But, the gold remittance standard system is certainly imperfect. Along with a country economic potentiality enhancement, it can import massive products from overseas, until it exhausts the gold reserve of certain country. It resulted the supply of the currency reduces, the interest rate raises, the economic activity will start to decline until it reaches the recession limit. Finally, the commodity price falls to the valley, gradually attracts other countries to stream in, massively rushes to purchase this country commodity. This will pour gold into this country, this will increase this country currency supplies quantity, and it will reduce the interest rate, and will create the wealth. This is so called the "the prosperity - decline” pattern and is the circulation of the gold remittance standard system, until the trade circulation and the gold freedom was broken by the First World War.

After several catastrophes wars, the Bretton Woods agreement has appeared. The countries which signed the treaty agreed to maintain the domestic currency to US dollar exchange rate, as well as the necessity of the corresponding ratio of the gold, and only allow a small fluctuation. Countries are prohibited to depreciate the currency value for the gain trade benefit, only allows the country to depreciate not more then 10%. Enters the 50's, the continuous growth of the international trade causes the fund large-scale shift which produces because of the postwar reconstruction, this causes Bretton Woods system which establishes the foreign exchange rate to lose stability.

This agreement was finally abolished in 1971, US dollar no longer could convert to gold. Until 1973, each major industrialized nation currency exchange rate fluctuation has been more freely, mainly regulates by the foreign exchange market through the currency supplies and demand quantity. The business volume, the transaction speed as well as the price variability, have achieved a comprehensive growth in the 1970's, come along with the emerge of price ratio fluctuation, the brand-new financial tool, then only the market liberalization and the trade liberalization could be achieved.

In the 1980s, along with the published of the computer and correlation technology, the international capital has flow rapidly, and strongly related the Asia, Europe and America market. Foreign exchange business volume from 80's rises daily from 70 billion US dollars to 150 billion US dollars after 20 years.


European market inflation


One of the reasons why the foreign exchange developed rapidly was the rapid development of the Euro dollar market. In a Euro dollar market, US dollar is stored beyond the border of America banks. Similarly, the European market is refers to property depositing outside the currency rightful owner country market. A Euro dollar market was formed at first in the 50's, at that time Russia deposited its petroleum income beyond the US border, avoid being freeze by the US government. This has formed a large offshore US dollar national treasury which is beyond the control of the US government. The American government has formulated a law to prohibited US dollar from lending money for the foreigner. Because the degree of freedom of the Euro dollar market is bigger and the rate of return is bigger, therefore it has large attraction. Starting from the 80's, the American company starts to borrow loan from the offshore market, they discovered that the European market is a wealth center which consists of large amount of floating capital which could provide short-term loan.

London once was (until now still is) one of the main offshore market. In the 80's, the Bank of England in order to maintain its global finance industry center dominant position, using US dollar as England pound substitution to make loan, thus to become a Euro dollar market center. London's convenient geographical position (is situated between Asian and Americas market) also helps to maintain the European market as the dominant position.

:: Forex Trading

Forex trading isn’t strange words for those who looking forward to make quick profit in the financial market. Most investors will have at least hear or read about Forex trading. If Forex is a new term to you, please do read the Introduction to the Forex market before proceed reading this Forex trading article.

Forex trading is said to be the highest risk with highest return investment (or speculation game to be more accurate) in the financial market. The amount traded in the Forex market is much larger than any stock market or even combining few stock markets. Forex trading is simply a world wide trading market running 24 hours from Monday to Friday.

Everyday, there are new Forex traders entering into trading Forex. Some of them don’t even fully understand how Forex is traded but have already trading Forex. They are not idiot who want to burn their hard earned money, it’s just because Forex market is simply too lucrative market to enter with extreme high return. Any Forex traders can easily make a double return just in few minutes time trading Forex.

Forex trading is the trading of buying or selling certain currency. For example, buying US Dollar, then selling it later at a higher price to gain profit. Forex traders may also first sell US Dollar and later on buy it back at a lower price with the same gaining profit. It’s simple strategy of selling price minus buying price to make profit. In Forex trading, we just treat currency as a good, buy it and sell it.

You might now think how can Forex trading make huge profit just by selling and buying currency? Forex is traded using margin, Forex traders don’t need to full amount to buy any currency. For example, Forex traders just need 1000 Dollar to buy up 100,000 Dollar. This allows any Forex traders to make huge profit with little money.

Another important factor that any Forex traders can make huge profit is the high fluctuation for currency. Every day every seconds, the currency exchange rate is moving up and down, the Forex exchange rate fluctuate more heavily whenever there is any important economic data being released.

Forex trading is simply sounds too easy for anyone to make profit in very short time. But before you committed into Forex trading, it is strongly advised to have full understanding in Forex trading. Do read up other Forex trading articles in this website and share Forex trading knowledge in the Forex forums.

::Banks Directory

HE BANK OF KHYBER
Bahria Complex II,M.T.Khan Road
Saddar
Ph. 5611812-5611811-5611898-5611809 Fax: 5611874
THE BANK OF TOKYO-MITSUBISHI LIMITED
1st Floor,Shaheen Complex,M.R. Kayani Road
Saddar
Ph. 2630175-2630171-2630172-2630173 Fax: 2631368
THE CHASE MANHATTAN BANK,N.A.
Shaheen Commercial Complex,M.R.Kayani Road
Saddar
Ph. 2633079-2633073 Fax: 2631393
THE HONGKONG AND SHANGHAI BANKING CORPORATION
12th Floor,Shaheen Complex,M.R. Kayani Road
Saddar
Ph. 2630389-2630386-2630387-2630388 Fax: 2631526
THE INSTITUTE OF BANKERS IN PAKISTAN
Moulvi Tamizuddin Khan Road
Saddar
Ph. 5686955-5687515-5684575
THE INVESTMENT BANKS ASSOCIATION OF PAKIS
7th Flr,Shaheen Comm. Complex,Dr. Ziauddin Ahmed Road
I.I.Chundrigar Road
Ph. 2639046-2639042-2631896 Fax: 2630678
TRUST INVESTMENT BANK LTD.
B-1002,10th Floor,Lakson Square Building No.3,Sarwar Shaheed Road
Saddar
Ph. 5685494-5685123-5684994-5685299 Fax: 5685283
UNION BANK LTD.
1st Floor,Imperial Court,Dr.Ziauddin Ahmed Road
I.I.Chundrigar Road
Ph. 5686977-5215416-5215408
Fax: 5684971
UNION BANK OF SWITZERLAND
1st Flr,State Life Bldg.# 1-A,
I.I. Chundrigar Road
Ph. 2420090-2420081-2420089-2420083 Fax: 2418061
UNITED BANK LTD.
Al-Hayat Building Branch
Saddar
Ph. 7722149
UNITED BANK LTD.
P.E.C.H.S Branch
Tariq Road
Ph. 4521081-4543567
UNITED BANK LTD.
State Life Building No.1
I.I.Chundrigar Road
Ph. 2417120-2417100-2417101-2417102Fax: 2413483

::Banks Directory

NATIONAL BANK OF PAKISTAN
NBP Building,
I.I.Chundrigar Road
Ph. 9212140-9212100-9212141-9212142 Fax: 2422932
OMAN INTERNATIONAL BANK S.A.O.G.
Nadir House,
I.I. Chundrigar Road
Ph. 2410089-2410085-2410086-2410087 Fax: 2419204
ORIX INVESTMENT BANK PAKISTAN LTD.
3rd Floor,PIC Towers,32-A Lalazar Drive,M.T. Khan Road
I.I.Chundrigar Road
Ph. 5610272 Fax: 5610510
PLATINUM COMMERCIAL BANK LTD.
4th Flr.Lakson Square Bldg.# 1,265 R.A.Lines
Saddar
Ph. 5682959-5681857-5684295-5687982 Fax: 5684484
PRIME COMMERCIAL BANK LTD.
State Life Building #11,Abdullah Haroon Road
Saddar
Ph. 5683981-5683975-5682639-5683497 Fax: 5683975
PRUDENTIAL COMMERCIAL BANK LTD.
Prudential House,Hassan Ali Street
I.I.Chundrigar Road
Ph. 2628840-2628833-2628834-2628835 Fax: 2634727
PRUDENTIAL INVESTMENT BANK LTD.
Prudential House,Hassan Ali St.
I.I.Chundrigar Road
Ph. 2628840-2638075 Fax: 2636607
RUPALI BANK LTD.
Uni Towers,
I.I.Chundrigar Road
Ph. 2412482-2412481-2410424 Fax: 2414322
S. MOJIB RAZA, RTD. CENTRAL-CUM-COMMERC
212-213,Hotel Imperial Bldg.#2,M.T.Khan Road
Saddar
Ph. 5686261
SECURITY INVESTMENT BANK LTD.
6th Floor,Uni Towers,
I.I.Chundrigar Road
Ph. 2418413-2418410-2418411-2418412 Fax: 2418414
SOCIETE GENERALE,THE FRENCH AND INTERNATIO
3rd Floor,P.N.S.C.Building,M.T.Khan Road
Saddar
Ph. 5611849-5611846-5611134-5611135
Fax: 5610679
Soneri Bank Limited
5th Floor, Al-Rahim Tower
I. I.Chundrigar Road
2439562 – 67
Fax: 2446661
STANDARD CHARTERED BANK LTD.
Clifton Branch,10,Khayaban-e-Roomi,
Clifton
Ph. 5867777 Fax: 5873642
STANDARD CHARTERED BANK LTD.
Clifton Branch,10,Khayaban-e-Roomi,
Clifton
Ph. 5867777 Fax: 5873642
STANDARD CHARTERED BANK LTD. (MAIN BRANCH)

I.I. Chundrigar Road
Ph. 2425000 Fax: 2425772
STATE BANK OF PAKISTAN

I.I.Chundrigar Road
Ph. 9212401-9212409-9212402-92

::Banks Directory

ESCORTS INVESTMENT BANK LTD.
817,8th Flr,Progressive Plaza,Beavmont Road,Civil Lines.
Saddar
Ph. 5654578 Fax: 5654579
FAYSAL BANK LIMITED
11/13,Trade Centre,
I.I. Chundrigar Road
Ph. 2638019-2638011-2638013-2638014 Fax: 2631782
FIRST INTERNATIONAL INVESTMENT BANK LTD.
7th Floor,Shaheen Complex,Dr.Ziauddin Ahmed Road
I.I.Chundrigar Road
Ph. 2639046-2639042-2639043-2639044 Fax: 2630678 FIRST WOMEN BANK LTD.
7th Floor,Mehdi Towers,S.M.C.H.Society,
Shahrah-e-Faisal
Ph. 4553110-4553149-4556093-4536003 Fax: 4556983
GULF COMMERCIAL BANK LTD.
Schon Centre,
I.I.Chundrigar Road
Ph. 2637172-2637161-2637162-2637163
Fax: 2636909
HABIB BANK AG ZURICH
Hirani Centre,First Floor,
I.I.Chundrigar Road
Ph. 2633315-2633311-2633312-2633313
Fax: 2631418
HABIB BANK LTD.
Habib Bank Plaza,
I.I.Chundrigar Road
Ph. 2418002-2418000-2441518 Fax: 2413839
INDUS BANK LTD.
4,Bandukwala Building,
I.I.Chundrigar Road
Ph. 2429727-2429721-2429722-2429723 Fax: 2428642
INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN
3rd Floor,State Life Bldg. #2
I.I.Chundrigar Road
Ph. 2442471-2419160-2419171-2412190 Fax: 2411990
INTERNATIONAL FINANCE INVESTMENT & COMM
P & O Plaza,99,
I.I.Chundrigar Road
Ph. 2422102-2416361-2422090-2416205 Fax: 2414067
ISLAMIC INVESTMENT BANK LTD.
Finance & Trade Centre,Tower-B,2nd Floor,
Shahrah-e-Faisal
Ph. 5675393-5675391-5675392-5675302 Fax: 5675394
JAHANGIR SIDDIQUI INVESTMENT BANK LTD
1301-1303,13th Floor,Chapal Plaza,Hasrat Mohani Rd.
Saddar
Ph. 2429450-2429445 Fax: 2429448
MASHREQBANK
Bahria Complex #1,24-M.T.Khan Road
I.I.Chundrigar Road
Ph. 5610395-5610391-5611146-5611149 Fax: 5610830
MEHRAN BANK LTD.
Chapal Plaza,Hasrat Mohani Rd
I.I.Chundrigar Raod
Ph. 2427209-2427202-2427203-2427204 Fax: 2427282
METROPOLITAN BANK LTD.
Ground Flr.Spencer's Building,
I.I.Chundrigar Road
Ph. 2636759-2636740-2636741-2636742 Fax: 2630404
MUSLIM COMMERCIAL BANK LTD.
Adamjee House,
I.I.Chundrigar Road
Ph. 2414099-2414090-2414110-2414119 Fax: 2413116

Banks Directory

ASSETS INVESTMENT BANK LTD.
9th Floor,Lakson Sq.Bldg.,No.1,265 R.A.Lines
Clifton
Ph. 5682027-5689580 Fax: 5684259
ATLAS BOT INVESTMENT BANK LTD.
Ground Floor,Federation House,Shahrah-e-Firdous
Clifton
Ph. 5863984-5863983-570004-570005 Fax: 5868343
BANK AL-FALAH LIMITED
B.A.Building,
I.I.Chundrigar Road
Ph. 2414039-2414030-2414031-2414032 Fax: 2417006
BANK AL-HABIB LTD.
Mackinnons Building,
I.I.Chundrigar Road
Ph. 2412989-2412986-2417065-2417068 Fax: 2419752
BANK OF AMERICA
Jubilee Insurance House
I.I.Chundrigar Road
Ph. 2412530-2412520-2412521-2412522 Fax: 2415371
BANK OF CEYLON
252-A,Sarwar Shaheed Road,P.O.F. Complex
Saddar
Ph. 519696 Fax: 5686817
BANKERS EQUITY LTD.
1st Flr,Finance & Trade Centre,
Shahrah-e-Faisal
Ph. 5670189-5670186-5675381-5675385 Fax: 5660267
BANKING & TRADE SERVICES
401,Light House Centre,M.A.Jinnah Road
Saddar
Ph. 7771782-7760784
BOLAN BANK LTD.
Business & Finance Centre,Opp:State Bank
I.I.Chundrigar Road
Ph. 2410706-2416253-2311663-2311664
BOLAN BANK LTD.

Tariq Road
Ph. 4556486
CITIBANK N.A.
State Life building No.1
I.I. Chundrigar Road
Ph. 2412649-2412641-2412642-2412643 Fax: 2638211
CITICORP INVESTMENT BANK (PAKISTAN) L
2nd Floor,AWT Plaza,
I.I.Chundrigar Road
Ph. 2638297-2638294-2638295-2638296 Fax: 2638288
CRESCENT INVESTMENT BANK LTD.
6th Floor,Sidco Avenue Centre,Maulana Deen Mohd.Wafai Road
Saddar
Ph. 5685317-5686468-5688008 Fax: 5689625
DEUTSCHE BANK AG
Uni Towers
I.I.Chundrigar Road
Ph. 2419620-2419611-2419612-2419613 Fax: 2416970
DOHA BANK LIMITED
36/A-2,Lalazar Drive,Off M.T.Khan Road
Saddar
Ph. 5611854-5611851-5611852-5611853 Fax: 5610764
EMIRATES BANK INTERNATIONAL LTD.
Emirates Bank Building,
I.I.Chundrigar Road
Ph. 2416625-2416621-2414002-2414006 Fax: 2416599

Banks Directory

ABN-AMRO BANK
16 Abdullah Haroon Road Saddar
Ph. 5687592-5687580-5687581
5687582 Fax: 5683432
AGRICULTURAL DEVELOPMENT BANK OF PAKISTAN
ST-4/3,Block-1,Scheme #36,
Gulistan-e-Jauhar
Ph. 8113695-8112801-8113617
AL-FAYSAL INVESTMENT BANK LTD.
First Floor,Block "A" F.T.C.
Shahrah-e-Faisal
Ph. 5660476-5660472-5660475-5660473 Fax: 5687130
AL-MEEZAN INVESTMENT BANK LTD.
4th Floor,Block C,F.T.C.Centre,
Shahrah-e-Faisal
Ph. 5650776-5650771-5650772-5650773 Fax: 5650763
ALBARAKA ISLAMIC BANK B.S.C. (E.C.)
Lakhani Centre,
I.I.Chundrigar Road
Ph. 2636265-2636261-2636262-2636263 Fax: 2635045
ALLIED BANK OF PAKISTAN LTD.
N.I.C.,Building,13th Floor,Abbasi Shaheed Road
Shahrah-e-Faisal
Ph. 5670379-5670371-5670372-5670373 Fax: 5683312
AMERICAN EXPRESS BANK LTD.
Shaheen Commercial Complex,Dr. Ziauddin Ahmed Road
I.I.Chundrigar Road
Ph. 2630349-2630343-2630344-2630345 Fax: 2631803
AMERICAN EXPRESS BANK LTD. TRAVEL RELATED
14th Floor,Shaheen Complex,Dr. Ziauddin Ahmed Road
I.I.Chundrigar Road
Ph. 2630279-2630260-2630261-2630262 Fax: 2624990
ANZ GRINDLAYS BANK
14 A,Block-6,
P.E.C.H.S.
Ph. 4538045-4538044-4538042
ANZ GRINDLAYS BANK
72 S,Block-2,
P.E.C.H.S.
Ph. 4550199-4553960-4553437
ANZ GRINDLAYS BANK
Hasan Chambers,DC-7,Block-7,Kehkashan,
Clifton
Ph. 5871892-5871891-5868744-5838602
ANZ GRINDLAYS BANK
Hotel Metropole,Abdullah Haroon Road
Saddar
Ph. 5660432-5660423-5671207-5671208
ANZ GRINDLAYS BANK
I.I.Chundrigar Road
Ph. 2412676-2412671-2412672-2412673
Fax: 2437102
ANZ GRINDLAYS BANK
Kandawalla Building,M.A.Jinnah Road
Saddar
Ph. 7210539-7210282-7226935
ANZ GRINDLAYS BANK
SB-9,Block 13-B,University Road
Gulshan-e-Iqbal
Ph. 4980906-4982213-4980907
ASKARI COMMERCIAL BANK LTD.
Saima Trade Towers
I.I.Chundrigar Road
Ph. 2630733-2630731 Fax: 2631176

Forex Literature

We are proud to present some FX Literature for free download. Take a look on the list below:

* 1st Forex Trading Academy’s

Published: February 26, 2007 21:40

1st Forex Trading Academy’s FOREX trading course intends to provide to all of the students analytical tools on the trading system and methodologies.
Download 1st Forex Trading Academy’s, 1k

* A Practical Guide to Swing Trading

Published: November 26, 2006 08:51

What will this book teach you
• the rational behind swing trading
• how to identify stocks to swing trade
• when to enter a trade
• when to exit a trade
• how to maximize profits and minimize risk
• what tools are available to help you select stocks and monitor your progress
• what books to read to learn more about swing trading
To quote Albert Einstein: "Things should be made as simple as possible, but not any simpler". This is the principle I followed while writing this book.
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* CurrenciesMoves

Published: November 26, 2006 08:52

This is a list of aprox currencies moves per 1 hour, 4 hours, 1 day.
Created by Mr. Hisham Ghoneim
Download CurrenciesMoves, 40k

* Introduction to Forex Basics

Published: February 26, 2007 22:18

This is introduction to forex in a very easy way, most of defination you will find in forex market, you will learn much from this edition.
Download Introduction to Forex Basics, 674k

* The Elliot Wave Principle

Published: February 26, 2007 21:55

The Elliot Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter and exit positions for the highest probability of success.
Download The Elliot Wave Principle, 1k

* Trading in the Zone by Mark Douglas

Published: December 12, 2006 18:26

Mark Douglas has written a book that is the accumulation of years of thought and research—the work of alifetime.
Download Trading in the Zone by Mark Douglas, 562k

* Welcome to forex

Published: February 26, 2007 22:03

This is simple book gives you a very brief introduction about what is forex.
Download Welcome to forex, 48k

Forex Software

We are proud to present some usefull FX Software for free download. Take a look on the list below:

* Forex Market Hours Monitor

Published: November 26, 2006 08:51

This software will help you to manage your account and to see main bourses working time.
Download Forex Market Hours Monitor, 256k

* Profinacci Calculator

Published: November 26, 2006 08:51

This programm will help you to count Fibonacchi levels for uptrends and downtrends.
Download Profinacci Calculator, 1205k

Calendar

Date Currency Description Importance Actual Forecast Previous
Wed, 25 Feb 00:30 GMT AUD AUD Wage Cost Index (YoY) (4Q) Low 4.3% 3.8% 4.1%
00:30 GMT AUD AUD Wage Cost Index (QoQ) (4Q) Low 1.2% 0.9% 1.0% (R+)
00:30 GMT AUD AUD Construction Work Done (4Q) Low 1.7% -1.5% 5.5% (R+)
05:00 GMT JPY JPY Small Business Confidence (FEB) Low 25.0 23.0 24.8
07:00 GMT EUR EUR German Gross Domestic Product n.s.a. (YoY) (4Q F) Medium -1.6% -1.6% -1.6%
07:00 GMT EUR EUR German Imports (4Q F) Low -3.6% -1.4% 4.1% (R+)
07:00 GMT EUR EUR German Capital Investment (4Q F) Low -2.7% -4.5% 0.2% (R+)
07:00 GMT EUR EUR German Exports (4Q F) Low -7.3% -5.4% -0.2% (R+)
07:00 GMT EUR EUR German Construction Investment (4Q F) Low -1.3% -0.6% -0.1% (R-)
07:00 GMT EUR EUR German Private Consumption (4Q) Low -0.1% -0.2% 0.3%
07:00 GMT EUR EUR German Domestic Demand (4Q F) Low -0.1% -0.6% 1.3%
07:00 GMT EUR EUR German Gross Domestic Product w.d.a. (YoY) (4Q F) Medium -1.7% -1.7% -1.7%
07:00 GMT EUR EUR German Government Spending (4Q F) Low 0.0% 0.3% (R-)
07:00 GMT EUR EUR German Gross Domestic Product s.a. (QoQ) (4Q F) Medium -2.1% -2.1% -2.1%
09:00 GMT EUR EUR Italian Retail Sales s.a. (MoM) (DEC) Low 0.0% 0.0% -0.4% (R-)
09:00 GMT EUR EUR Italian Retail Sales (YoY) (DEC) Low -1.9% -1.7% -3.0%
09:30 GMT GBP GBP Exports (4Q P) Low -5.5% -4.9% 0.5% (R+)
09:30 GMT GBP GBP Gross Domestic Product (QoQ) (4Q P) High -1.5% -1.6% -1.5%
09:30 GMT GBP GBP Gross Domestic Product (YoY) (4Q P) High -1.9% -1.9% -1.8%
09:30 GMT GBP GBP Imports (4Q P) Low -5.9% -3.7% 0.3% (R-)
09:30 GMT GBP GBP Index of Services (3Mo3M) (DEC) Medium -0.9% -1.0% -0.5% (R-)
09:30 GMT GBP GBP Private Consumption (4Q P) Medium -0.7% -0.6% -0.2%
09:30 GMT GBP GBP Gross Fixed Capital Formation (4Q P) Low -2.3% -4.4% -3.6% (R-)
09:30 GMT GBP GBP Government Spending (4Q P) Low 1.5% 0.6% 0.5% (R-)
12:00 GMT USD USD MBA Mortgage Applications (FEB 20) Low -15.1% 45.7%
15:00 GMT USD USD Existing Home Sales (JAN) Medium 4.49M 4.79M 4.74M
15:00 GMT USD USD Bernanke Gives Monetary Policy Report Before House Panel High
15:00 GMT USD USD Existing Home Sales (MoM) (JAN) Medium -5.3% 1.1% 6.5%
18:00 GMT EUR EUR French Total Jobseekers Change (JAN) Low 45.8
18:00 GMT EUR EUR French Total Jobseekers (JAN) Low 2114.3
21:45 GMT NZD NZD Imports (New Zealand dollars) (JAN) Low 3.70B 4.20B
21:45 GMT NZD NZD Exports (New Zealand dollars) (JAN) Low 3.25B 3.85B
21:45 GMT NZD NZD Balance (YTD) (New Zealand dollars) (JAN) Low -5750.0 -5620.0
21:45 GMT NZD NZD Trade Balance (New Zealand dollars) (JAN) Medium -450.0M -347.0M
23:00 GMT AUD AUD Conference Board Leading Index (DEC) Medium -1.0%
23:50 GMT JPY JPY Japan Buying Foreign Bonds (Yen) (FEB 20) Low ¥1435.0B
23:50 GMT JPY JPY Foreign Buying Japan Bonds (Yen) (FEB 20) Low -¥45.5B
23:50 GMT JPY JPY Foreign Buying Japan Stocks (Yen) (FEB 20) Low -¥215.9B
23:50 GMT JPY JPY Japan Buying Foreign Stocks (Yen) (FEB 20) Low ¥124.0B

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* We don't deduct any fees for Liberty Reserve deposit but Liberty Reserve system have some fees check for details.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$

We accept wire transfers for deposit/withdrawal of your funds.

* No fees for Deposit.
* Fees for withdrawal: USD 50.00
* Minimum withdrawal amount – USD 100.00

We accept AlertPay for deposit/withdrawal of your funds.

* We don't deduct any fees for AlertPay deposit but AlertPay system have some fees check for details.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$

We accept PerfectMoney for deposit/withdrawal of your funds.

* No fees at all.
* Minimum withdrawal amount – 1$

We accept Altergold for deposit/withdrawal of your funds.

* We don't deduct any fees for Altergold deposit but Altergold system have some fees check for details.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$

cashU - Secure Online Payment Method We accept cashU transfers for deposit/withdrawal of your funds.

* No fees for Deposit.
* Fees for withdrawal: 2% of transferred amount (min USD 0.50 and max USD 10.00)
* Minimum withdrawal amount – 1$

We accept c-gold for deposit/withdrawal of your funds.

* We don't deduct any fees for c-gold deposit but c-gold system have some fees check for details.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$

We accept e-bullion for deposit/withdrawal of your funds.

* No fees for Deposit.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$

We accept E-gold transers for deposit/wthdrawal of your funds.

* We don’t deduct any fees for E-gold deposit but E-gold system have some fees check for details.
* Fees for wihdrawal: 60%
* Minimum withdrawal amount – 1$

To start procedure of depositing / withdrawing of your funds please go to trader's cabinet using following link

Contracts Specifications

Micro account minimum trading volume is 0.1 micro lot (100 points of base currency) and maximum trading volume is 1000 micro lots per 1 trade. 1 pip with 1 micro lot trade is equal to 10 cents approximately. Balance on Micro accounts is indicated in cents. To check for micro accounts specification please click below:

Click Here


Standard account minimum trading volume is 0.1 lot (10000 points of base currency) and maximum trading volume is 1000 lot per 1 trade. 1 pip with 1 standard lot trade is equal to 10USD approximately. To check for standard accounts specification please click below:

Click Here
Rambler's Top100 Forex 100 Financial Services sites at Top100.ws TOP 100 INVESTING SITES TOP 100 STOCK INVESTING SITES TOP 100 FINANCIAL SITES TOP 100 FOREX SITES LibertyReserve.com Directory
Company News

02/05 8:00
The 10,000,000th transaction promo!
12/22 12:10
Christmas and New Year Holidays
12/02 8:33
Year-End 2008 Grand Event!
11/06 9:51
Welcome bonus policy change
11/05 2:20
Perfect Money payment processing added

Quotations


Global Interest Rates
Country Rate
Australia 3.25%
Canada 1%
Japan 0.1%
Swiss 0.5%
United Kingdom 1%
United States 0.25%
Europe 2%

Terminal MetaTrader 4

* Our Servers
* Client Terminal
* User's Guide
* PDA Mobile Forex Trading
* Smartphone Mobile Forex Trading

Our Servers

Server for demonstration access: 74.86.131.115:443
Alternative for demonstration access: 174.36.134.252:80
Server for real access: 74.86.131.114:443
Alternative for real access: 208.43.246.179:80

FAQ

1) What kind of services FXOpen provides?
FXOpen is a brokerage company in FOREX field. We propose different kind of courses starting from beginners up to advanced courses for people with FOREX experience and traders. Also we prepare FOREX teachers.

Glossary

Appreciation - A currency is said to ‘appreciate ‘ when it's price increases against a specific currency or group of currencies in response to market demand.

Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.

Participants

* Commercial Banks
* Central Banks
* Currency Exchanges
* Investment Funds
* Brokerage Houses

Participants of this market are, first of all, large commercial banks through which the basic operations under the instruction of exporters and importers, investment institutes are carried out, insurance and pension funds, hedge and individual investors. Also these banks operations and in the interests due to own means, thus at large banks volumes of daily operations reach billions dollars, and at some banks even the basic part of the profit is formed only due to speculative operations with currency.

What Moves Forex

Foreign Exchange is affected by various economic and political factors. The largest fluctuations in currency prices usually occur during Central Bank intervention, when governments trade in huge amounts forex in an attempt to either raise or lower the value of their own currency. This, aswell as many other factors such as interest rate changes, economic figures, political instability and large lot transactions by hedge funds can move the market.

Advantages

Liquidity:
the market operates the enormous money supply and gives absolute freedom in opening or closing a position in the current market quotation. High liquidity is a powerful magnet for any investor, because it gives him or her the freedom to open or to close a position of any size whatever.

FOREX is a highly profitable business which does not depend on time, place or political situation in your country. Advantage of this business is that you make deals using computer from any part of the world 24 hours per day 5 days per wee

What Is Forex

Forex is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date. During exchange, the exchange rate of one currency to another currency is determined simply: by supply and demand – exchange to which both parties agree.

About Us

FXOpen is a financial services company specialized in providing traders with high quality online trading services. FXOpen provide opportunity for individuals and private companies to trade on financial markets under equal conditions like traders operating in traditionally closed financial centers and institutions. FXOpen.com - Offers you FXOpen currency trading service that includes professional services in free streaming forex, forex broker, online forex trading, forex exchange, mini forex, mini forex trading platform. You can trust us for services in micro forex, micro forex trading platform, affiliate system, bonus system and in places like the United States, Egypt, Malaysia, Indonesia, Russia, China, France...

Our mission — high quality of services, trust of our clients and reliability of our work. Most important of all — a winning attitude that always puts YOU first!

Opening an account is fast and ready to activate within 5 minutes from any place of the world. Open a FOREX account with us today to enjoy the benefits so many have already experienced. As FXOpen customer, you can select from a full menu of professional services that have been specifically designed to meet your trading needs, including:

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