Global Forex Company Profile
Global Forex and the market maker aim to provide the highest level of execution and customer service available in the market today. To achieve this goal, we focus on providing products and services related exclusively to currency trading. As one of the largest and most experienced Futures Commission Merchants focusing solely on the currency market, the market maker is uniquely positioned to help clients benefit from trading currencies.
Each year the volume traded on the FX Trading Station has doubled with more than $22 billion monthly recorded in 2002. This has enabled us to build strong relationships with top tier global institutions. With over $500 million in credit lines available from major financial institutions, consistent liquidity and the ability to handle large volume transactions is ensured. Currently there are close to 8,000 clients that rely on our proven technology and established record of success.
We look forward to putting our global expertise to use by helping you get the most efficient FX execution service available.
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Forex Broker
Benefits and Services From The Best Forex Broker
- Commission FREE Trading
- FREE Unlimited Simulated Trading, No Cost, No Obligation
- No Monthly Fees or Startup Costs
- Market Open 24 Hours a Day - Sunday 7:00pm EST to Friday 3:00pm EST
- $2,000 Minimum to Open a Live Trading Account
- Instant Access to Real-time Foreign Currency Quotes
- Split Second Execution of Orders over the Phone or Internet
- No Extra Charges for Trading over the Phone
- No Charges for Stop or Limit Orders
- Trading Desk is Staffed with Professional Bank Traders, and our Trading Policies Mirror those of Major Banks
- Transparent Pricing: A 4-5 Point Spread, and we always Display a Two-way Price
- Personally Manage Your Own Money and Make Your Own Decisions
- Execute Currency Trades with a Single Click on Your Mouse
- FREE Access to Real-time Charting Service with a Variety of Technical Analysis
- 24 Hour Access to trading platform anywhere in the World
- 24 Hour Phone Dealing Desk 5 days a week - Unlimited Rate Quotes
- Instantaneous Updates on Personal Account: Orders Placed, Open Position Reporting, Profit and Loss, Margin and History of all Trading Activity
- 24 Hour Stop Loss and Limit Orders
- Funds held in Major U.S Banks
- Multiple Account Dealing; Ideal for CTA's and Fund Managers
- Established Network of Affiliated Brokers for those Who Prefer to have a Professional Manage Their Account
- Trading Platform is the Cutting Edge of Technology Offering the Trader Ease of Use, Speed of Execution, and State of the Art Personal Accounting
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Forex FAQ
Types Of Orders In Forex Trading
Market Orders:
A market order is an order to buy or sell which is to be filled immediately at the current exchange
The dealing desk responds to market orders in under 10 seconds during normal market conditions. During heavier market conditions, market orders are processed in less than thirty seconds. Clients do not wait more than thirty seconds in order to have their trade confirmed or to receive a new price on which to deal.
The dealing desk responds to market orders in under 10 seconds during normal market conditions. During heavier market conditions, market orders are processed in less than thirty seconds. Clients do not wait more than thirty seconds in order to have their trade confirmed or to receive a new price on which to deal.
Entry Orders:
An entry order is an order that is executed when a particular price level is reached and/or broken. The execution of these orders are under the supervision of the dealing desk and remain in effect until the client cancels the order. Entry orders fall into two broad categories and are executed according to the category.
Stop Entry Orders:
Stop entry orders are executed when the exchange rate breaks through a specific level. The client placing a stop entry order believes that when the market's momentum breaks through a specified level, the rate will continue in that direction. The execution of a stop entry order may involve a limited degree of slippage, usually two pips or less.
Limit Entry Orders:
Limit entry orders are executed when the exchange rate touches (not breaks) a specific level. The client placing a limit entry order believes that after touching a specific level, the rate will bounce in the opposite direction of its previous momentum. Limit entry orders are always executed at the specified level.
Stop-Loss Order:
A stop-loss is an entry order linked to a specific position for the purpose of stopping the position from accruing additional losses. A stop-loss order placed on a Buy position is a stop entry order to Sell linked to that position. A stop-loss order remains in effect until the position is liquidated or the client cancels the stop-loss order. The execution of a stop-loss order may involve a limited degree of slippage, usually two pips or less depending on market conditions.
Limit Order:
A limit order is a limit entry order linked to a specific position for the purpose of locking in the gains on an existing position. A stop-loss order placed on a Buy position is a stop entry order to Sell that position. A stop-loss order remains in effect until the position is liquidated or the client cancels the stop-loss order. Limit orders are always executed at the specified level.
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Forex FAQ
CFTC Risk Disclosure Statement Of Global Forex
Global Forex, LLC (GFX) does not control, and cannot endorse or vouch for the accuracy or completeness of any information or advice you may have received or may receive in the future from any other person not employed by GFX regarding foreign currency or exchange. The content herein is provided in good faith and believed to be up-to-date and accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by GFX or its affiliates. Accordingly, we accept no responsibility for any use made of the information provided.
Futures and options trading involve substantial risk and is not for all investors. Investment in the currency exchange is highly speculative and should only be done with risk capital. The high degree of leverage that is often obtainable in foreign exchange trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.
In some cases, managed foreign exchange accounts are subject to substantial charges for management and advisory fees, as well as a mark-up, above and beyond the ordinary spread generally provided. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets.
The regulations of the Commodity Futures Trading Commission (CFTC) require that prospective customers of a Futures Commission Merchant receive a disclosure document when they are solicited. These disclosures are incorporated into the Trading Agreement and the Limited Power of Attorney (LPOA), which are readily accessible at this site. This brief statement cannot disclose all of the risks and other significant aspects of the foreign exchange markets. Therefore, you should carefully review the disclosures contained in both the Trading Agreement and LPOA to determine whether such trading is appropriate for you in light of your particular financial condition.
Past performance is NOT indicative of future results. The information contained herein should not be construed as an offer to buy or sell commodities, futures or any investment. The information contained herein is intended for informational purposes only. GFX highly recommends that before making a decision, the reader collects several opinions related to the decision and verifies facts from at least several independent sources.
The CFTC has not passed upon the merits of participating in any of managed accounts programs nor on the adequacy or accuracy of any of these disclosure documents. Other disclosure statements may be provided to you before a managed foreign exchange account may be opened for you.
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Forex Risk
Online Currency Exchange Powered by Global Forex
Welcome to Global Forex 'Your Online Currency Exchange' Global Forex offers a revolutionary trading system allowing real time execution of Foreign Exchange (FOREX) trading over the Internet 24 hours a day on the Global Interbank Currency Exchange Market. We are proud to share with you an innovative, state of the art forex trading platform. This revolutionary trading system allows real time execution of foreign exchange (Forex) trading via the Internet, with cutting edge software and efficient reliable service ensuring a great trading experience.
Features and Benefits
- FREE Unlimited Simulated Forex Trading, No Cost, No Obligation
- 24 Hour Access to Trading From Anywhere in the World
- No Monthly Fees or Startup Costs.
- Personally Manage Your Own Money and Make Your Own Decisions
- Forex Market Open 24 Hours a Day - Sunday 5:00pm EST to Friday 4:00pm EST
- Execute Currency Trades with a Click of a Mouse
- $2,000 Account Minimum for a Regular Forex Account or $300 for a Mini Account
- FREE Access to Real-time Charting Service with a Variety of Technical Analysis
- FREE Forex News and Access to Real-time News
- 24 Hour Phone Dealing Desk - Unlimited Rate Quotes
- Split Second Execution of Orders over the Phone or Internet
- No Charges for Stop or Limit Orders
- No Extra Charges for Trading over the Phone
- 24 Hour Stop Loss and Limit Orders
- Instantaneous Updates on Personal Account: Orders Placed, Open Position Reporting, Profit and Loss, Margin and History of all Trading Activity
- Trading Desk is Staffed with Professional Bank Traders, and Trading Policies Mirror those of Major Banks
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Forex Broker
Liquidity In Forex Trading
Liquidity matters for the fluency of your trading, and for the accuracy of the price curve you will be trading from. So which markets offer the best liquidity, and how can you be sure they are the best investment for you?
Why Forex Trading Liquidity Is Crucial?
Liquidity is essentially the aggregate volume of trading will in a market at any one time. In markets that see heavy trade around the clock, this volume of trading activity will remain consistently high, allowing traders to buy and sell the positions they want much more quickly. When there are plenty of buyers and sellers available to match your trade, the execution time falls as it takes the broker much less time to place and fill the order in the relevant market. This means that you don’t have to wait about for positions to be filled, all the while running the risk that you’ll miss the boat in moving markets. Especially for those new to forex trading, liquidity is a crucial element of any market in which you should be looking to invest.Forex Trading Markets With The Most Liquidity
Liquidity is determined by the amount of trade in a market, and broadly those markets that are most heavily traded are the so-called majors – i.e. currency pairs based in the US dollar. These markets have more traders and are more transparent given the range of data in the public domain towards analysis and their fundamentals. This means that traders can enjoy much more direct, instant trading on prices they can trust, rather than running the risks of taking a wrong turn in a more obscure market.
There are also a number of the cross-currency pairs which are sufficiently liquid for new traders, including those denominated in the GBP and the EUR. While that’s not to exclude other currencies from your forex trading plan, those not covered might prove to be a more challenging trading prospect.
There are also a number of the cross-currency pairs which are sufficiently liquid for new traders, including those denominated in the GBP and the EUR. While that’s not to exclude other currencies from your forex trading plan, those not covered might prove to be a more challenging trading prospect.
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Forex FAQ
The Risks of Trading Forex
The risks of trading in forex come in a number of different shapes and sizes, and only the individual trader can assess and control these risks. By understanding the types of risks posed to your capital and your account, you can start to build a better idea of how to manage these risks for more profitable trading.
Forex Market Risk
When dealing in any financial instrument, there is always the issue of market risk to contend with. Market risk is the risk that arises from trading in a financial market – i.e. the risk that the market could collapse (or rise against you) at any moment, eating in to your margin and trading capital. These are risks that can’t be completely removed (except for perfectly hedged positions), and as a result traders need to research and analyse markets before getting involved to give themselves a fighting chance.
Gauging market risk appropriately depends on the knowledge and research conducted by the trader, so if you don’t do your homework before trading various positions this will become a more serious burden than need be the case.
Gauging market risk appropriately depends on the knowledge and research conducted by the trader, so if you don’t do your homework before trading various positions this will become a more serious burden than need be the case.
Forex Leverage Risk
Another degree of risk involved in any forex trade is known as leverage risk. Leverage risk stems from the use of leverage to boost the size of any trade, and the greater the degree of leverage or the size of the transaction, the more of a concern this should be. Leverage effectively increases the rate at which profits and losses accrue, and as a result traders need to take measures to be sure they are trading in sensible position sizes for the specific market and their available capital. Slow and steady wins the race in forex – with such massive degrees of leverage available, there’s no need to get greedy in the transaction sizes you take on board, which might constitute a dangerous abuse of the leverage available to you.
Forex Risk Management
Forex risks are numerous and varied, but those that approach the markets with a firm idea of what these risks are and how they can be countered will ultimately fare better and tend to make more profitable trading calls. Risk should always be the first thing you think about in a transaction, even before considering profit potential, and it’s wise to gauge risk to reward on an objective footing before entering a position you might later live to regret.
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Forex FAQ