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Articles tagged with: forex brokers

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[17 Nov 2009 | One Comment | 111 views]

They hedge themselves on the “real” FX markets – by actually trading the amount of money you dealt with in your trade.
As most internet Forex trading is all geared, most of the reputable Forex dealers are associated or partnered with a back or investment bank that guarantees those “loans” in your leveraged trade.
They keep client money in a trust account, if you are profit and you close out your position, you get paid your profit and your capital returned. If you realise a loss, you pay out the loss out …

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[16 Nov 2009 | One Comment | 109 views]

One way to find out is to first open a demo trading account with them. This way, you can test drive their trading platform, and check how responsive their customer support is: how easy it is to contact them, how soon they call you back, how they are able to resolve any issues you might have with trading.
When you do not find any problems with that, try opening a live trading account with the least amount. With GFT, it’s pretty steep, at least $2,500. A sales rep is going to …

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[16 Nov 2009 | 2 Comments | 130 views]

You should definitely consider looking at this gateway site. it will lead you to one of the leaders in forex trading. as such, you are assured to be trading with a legitimate, trusted and reliable forex platform. best feature of the site suited for newbies or even the experienced ones is personalised service wherein by opening any of their account- mini, gold, platinum or vip- you will be provided a personal Account Service Manager(ASM) to be your mentor, consultant and trading partner as well and with whom you can talk live …

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[16 Nov 2009 | 5 Comments | 121 views]

I’m currently in the process of selecting the right forex broker, and I’ve heard that ECN (or non-dealing table) brokers are the ones who will not try to sabotage your trades, as it would not be in their interest to do so.
But how easy/difficult is it to actually start out with the broker? Do you simply register on their website, or do you have to actually speak with them on the phone?
Aside from the minimum deposit, are there any other requirements? What I mean is, do you have to meet …

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[16 Nov 2009 | 3 Comments | 109 views]

Q:  I am looking for good forex brokers that use New York open and close prices (not GMT). What does forex.com use? I have an account with them but I think they use GMT.
A:  FXCM’S market open/close time is at 17:00 (5:00pm) EST New York time.
The trading hours every week are from Sunday at 5:15pm EST until Friday at 4:00pm EST. Trading continues 24 hours a day during that time frame.

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[16 Nov 2009 | 2 Comments | 138 views]

Q:  If forex brokers charge no commissions, then how do they make money. how do they charge the traders money based on pip spreads or bid/ask price?
A:  There is no commission. They make their money on the spread. When you are dealing with a forex firm, they are not brokers taking your order to the market, like with stocks. They are dealers; they are the market. They quote prices at a level where half their customers will buy at the ask and half their customers will sell at the bid. …

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[16 Nov 2009 | One Comment | 84 views]

Q:  Considering overall reputation, margins offered, fees charged, service features and quality, etc., which on-line Forex Brokers do you regard as the best? … Also: Any tips on how to watch out for on-line Forex frauds and scamming ploys?
A:  I would say Swiss On-line Forex Brokers because Switzerland has for decades been famous for its strong financial system, and today the world’s largest banks and financial institutions are established here. The Swiss regulatory body requires all banks and financial institutions to comply with a set of strict regulations and procedures …

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[16 Nov 2009 | One Comment | 193 views]

Q:  Personally I use CMC Markets, GFT forex and Easy-Forex.
It depends on where my money is and which strategy I’m going to use on choosing which one to use in a trade.
A:  Any registered Brokerage has good Forex People.
That means they are not going to Scam you.
But it doesn’t alter the fact, that Forex is an extremely risky investment vehicle, and it takes, lots of knowledge and access to instant quotes to have a chance of making steady returns.
If you are not an extremely knowledgeable person in all forms of investing……STAY …