Forex Trading Tips & Tricks

Global Forex is one of the oldest Forex firms in the industry. Global Forex started in February, 1998 and helped pioneer online trading for spot Forex currency trading. Combined with our market maker, professional dealers, money managers and analysis specialists, there are over 100 years of experience.

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. 

1. Commission FREE Trading
2. FREE Unlimited Simulated Trading, No Cost, No Obligation
3. No Monthly Fees or Startup Costs
4. Market Open 24 Hours a Day - Sunday 7:00pm EST to Friday 3:00pm EST
5. $2,000 Minimum to Open a Live Trading Account
6. Instant Access to Real-time Foreign Currency Quotes
7. Split Second Execution of Orders over the Phone or Internet
8. No Extra Charges for Trading over the Phone
9. No Charges for Stop or Limit Orders
10. Trading Desk is Staffed with Professional Bank Traders, and our Trading Policies Mirror those of Major Banks
11. Transparent Pricing: A 4-5 Point Spread, and we always Display a Two-way Price
12. Personally Manage Your Own Money and Make Your Own Decisions
13. Execute Currency Trades with a Single Click on Your Mouse
14. FREE Access to Real-time Charting Service with a Variety of Technical Analysis
15. 24 Hour Access to trading platform anywhere in the World
16. 24 Hour Phone Dealing Desk 5 days a week - Unlimited Rate Quotes
17. Instantaneous Updates on Personal Account: Orders Placed, Open Position Reporting, Profit and Loss, Margin and History of all Trading Activity
18. 24 Hour Stop Loss and Limit Orders
19. Funds held in Major U.S Banks
20. Multiple Account Dealing; Ideal for CTA's and Fund Managers
21. Established Network of Affiliated Brokers for those Who Prefer to have a Professional Manage Their Account
22. Trading Platform is the Cutting Edge of Technology Offering the Trader Ease of Use, Speed of Execution, and State of the Art Personal Accounting

Market Orders:

rate quotation. If unable to fill the order at the specified rate, you will receive a new price representing the current market rate. Under no conditions will a market order be filled at a price to which the client has not approved.

Entry Orders:

Stop Entry Orders:

Limit Entry Orders:

Stop-Loss Order:

Limit Order:

The risk of loss in trading foreign exchange can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.

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.

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

1. FREE Unlimited Simulated Forex Trading, No Cost, No Obligation
2. 24 Hour Access to Trading From Anywhere in the World
3. No Monthly Fees or Startup Costs.
4. Personally Manage Your Own Money and Make Your Own Decisions
5. Forex Market Open 24 Hours a Day - Sunday 5:00pm EST to Friday 4:00pm EST
6. Execute Currency Trades with a  Click of a Mouse
7. $2,000 Account Minimum for a Regular Forex Account or $300 for a Mini Account
8. FREE Access to Real-time Charting Service with a Variety of Technical Analysis
9. FREE  Forex News and Access to Real-time News
10. 24 Hour Phone Dealing Desk - Unlimited Rate Quotes
11. Split Second Execution of Orders over the Phone or Internet 
12. No Charges for Stop or Limit Orders
13. No Extra Charges for Trading over the Phone 
14. 24 Hour Stop Loss and Limit Orders
15. Instantaneous Updates on Personal Account: Orders Placed, Open Position Reporting, Profit and Loss, Margin and History of all Trading Activity
16. Trading Desk is Staffed with Professional Bank Traders, and Trading Policies Mirror those of Major Banks

One of the main concepts underlining forex trading is the ability to trade freely in and out of the markets as you choose, and traders often require the certainty that comes from knowing they can trade their position one way or the other as soon as they need to. Unfortunately, not all financial markets are sufficiently well capitalised or well traded to make this a possibility, and traders can often feel themselves getting frustrated with slow transactions and the curse of price slippage in the market. The element of the markets that regulates this effect is known as liquidity, which represents a measure of how much money there is to facilitate trades in a currency market.

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

Forex trading is a risky business, and one that requires considered thought, research and planning to execute profitably. Many new traders turn to forex because they believe it is an easy option, or a way to make untold riches overnight. While forex can deliver speedy and substantial returns, it is in all practicality a much more difficult task than many would assume and – like most things in life – requires hard work and attention to detail.

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

Forex Leverage Risk

Forex Risk Management

Whenever a forex position is taken, whether its long or short in a market, traders will be liable to pay trading costs to the broker, which are invariably built in to the numbers of the trade. These costs vary from broker to broker (hence why it is so important for traders to scour the market to find the best deal), and while they’re pretty much a fact of life for those engaging in forex trading it can be possible to reduce their impact and effectively ensure greater returns for you, the trader.

The costs of forex are broken down into two distinct categories, and it is generally the case that there is no commission to pay, as in other trades. But what exactly are the costs of forex trading, and how significant are they for the ordinary trader?

The Forex Spread

Forex Leverage Costs

When turning your mind to trading in the forex markets with real capital, one of the most fundamental and primary decisions that must be taken is selecting the broker through which you will trade. There are frankly hundreds, if not thousands of online forex brokers doing business online, and they range in quality from excellent, affordable, reputable providers through to borderline scam artists. Unfortunately, creating an attractive-looking website is within reach for anyone – scrupulous or otherwise – and as a result traders need to look a little deeper to find the right broker for their needs.
Even at the top end of the market, traders aren’t necessarily guaranteed similar levels of service. But why does this matter, and what impact can broker choice have on your trading successes?

Handling Funds

Whenever you consider depositing funds with a broker, it is essential that you trust them and pre-verify their validity before handing over your payment details. Think about it for a moment: you wouldn’t give a large amount of money to a stranger to control simply because they were wearing a suit – you would ideally want to check out the individual and confirm their credentials before entrusting them with your money. This has to be the same approach with choosing a broker – the integrity and trustworthiness of the broker is paramount so you can sleep easy at night knowing your capital is in safe hands.

Transparent Marketplace

Cost & Service

When you get down to searching for a forex broker, it can be confusing to distinguish between so many different, seemingly credible players. Yet finding the right broker for you is so important in the great big scheme of things, and your trading success literally depends on making the right call at this early stage in your trading career. Your forex broker will be the interface between you and your capital and the financial markets, so it pays to be discerning when making your choice. Nevertheless there are fantastic brokers out there, just waiting to accept your business – all you have to do is make sure you know what you’re looking for.

So what should you be looking for when choosing a broker, and what are the factors that can make one broker a much better choice than another?

Cheap Trading Costs

Good Trading Platform

Good Analysis Packages

Choosing a forex broker is one of the most important steps a trader can take on the journey to success. Different brokers offer different features, and it is vital to make sure that the broker you end up trading with ticks at least a few boxes on your ideal checklist. If all goes well, you’ll be spending a lot of your time and money using a brokerage service, so it makes sense to choose one that works for you and offers a good deal in the process.

Unfortunately, there are loads of brokers available that can often make it difficult to narrow down to a single choice. While it would be impossible to say one broker is definitely better than another, there is a select tier of brokers out there that offer one or more of the following essential criteria, and traders should make sure that they pay attention to these factors when deciding which broker to trade through.

The cost of trading is an important element, largely manifesting in the width of the spreads and the financing costs applicable. The spread is the distance between the buying and selling price of a currency, and represents a direct revenue stream for the broker. The wider the spread, the more expensive each trade will be. That’s why traders usually take measures to look towards finding a broker with the most cost-effective service possible – the cheaper the service, the more profit from each transaction you will get to keep. Look for a broker that offers the thinnest spreads on the markets you want to trade to make sure you get the best deal.

Reputation is everything in this market, and brokers must conduct themselves with the highest levels of service and customer attention at all times. As a result, it’s critical to look for a broker that offers both a good service and a reputation for excellence and trust, so you can have the necessary peace of mind to actively trade your positions. The less you have to worry about what the broker is doing, the more time you can devote to researching, analyzing and trading the markets, and it pays to get this decision right first time to prevent hassle and disruption to your trading account further down the line.

The range and selection of currency pairs and markets available for your trading is also a strong indicator of a good platform, and those with the widest range will serve you most well over time. Remember that the broker you choose has to be suitable for your trading both today and tomorrow, and so it makes sense to look for those that offer a wider selection of markets than that which you currently trade so there’s room to grow. Indeed it might even be sensible to open more than one trading account so you can take advantage of the broadest range of trading opportunities open to you.

Forex brokers are an essential link in the trading chain, allowing traders access to the financial markets on which they can speculate and trade. There are a wide number of different forex brokers available who are constantly on the look out for new traders willing to get started dealing in forex. This means that traders will have no difficulty souring a place to trade, although it is important to make sure that when you’re choosing a broker you don’t pick the first one that comes to hand. Sadly, not all brokers are equally as good, and some will offer a much better trading experience than others. As a result, traders need to take care when choosing a broker to make sure they find a good, solid provider they will be happy to live with both now and in the future.

So what makes a good forex broker, and what should traders be looking for when they make their decisions as to where to trade forex online?

The number one factor when choosing a forex broker has to be its trustworthiness and integrity. Before you deposit any money online, you need to make sure that the site you deposit with will safeguard your funds and protect your money from their own accounts and from unscrupulous access. The Internet can be a dangerous place, and making the wrong choice as to the broker you use can end up costing you serious amounts of money. As a result, it really pays to check you’re dealing with a legitimate, recommended outfit before handing over your bank details.

Another key factor that you should look out for when choosing a forex broker is the range of markets and instruments they have on offer. Generally speaking, the more instruments the better, because it provides more opportunities for traders looking to profit from the markets. The wider the range of choice, the more options you will have for profiting from the trades you make. That usually means looking for a greater selection of currency pairs, and ideally more different instrument types to allow for broader research and a more diversified portfolio.

While towards the more practical end of the spectrum, the banking methods on offer can also make or break a particular forex broker. You need to make sure the site you choose allows for easy funding and withdrawal of earnings, so that you can use your account with the greatest degree of flexibility possible. The more options for affordable, smooth banking, the easier each transaction will be – and more importantly, the quicker you will be able to get access to your money. While not always the first thing you think of when choosing a broker, it is undeniably one of the central points of consideration, along with the cost of trading and the range of services the broker provides.

Forex markets are heavily traded by investors from all backgrounds and walks of life, ranging from those with years of trading know-how and expertise up to those that have only an elementary understanding of the markets. While fortunes can be won and lost in the markets in the blink of an eye, only the fittest can truly survive long-term, and trading in forex markets can be far from easy. While it’s no-one’s wish to put you off from trading forex, it is important to be realistic about the amount of work and effort that is required for trading in forex positions successfully, and the best traders are always those that engage most heavily with their research and analysis processes.

While trading in forex can be difficult, it doesn’t have to be as risky if you take measures to ensure you’re in the best position to trade successfully. Before even entertaining the thought of entering the markets with real cash, it’s important you bear in mind the following crucial tips and techniques for ensuring you’re in the best possible frame of mind to be making successful calls about how to trade.

Research Trends

Do Your Homework

Manage Risks

One of the elements of forex trading that gives it particular appeal over virtually all other markets is the ability to leverage gains. This feature, permitted by brokers looking to wrestle against otherwise limited volatility artificially ramps up the stakes in the forex markets, both on the profit and loss sides, to make it a much more exciting and potentially rewarding place to trade. Leverage means that profits can be realized quicker, but also that losses can creep up in no time at all, and traders should be guarded to make sure that they know the risks whenever they enter into a leveraged forex transaction.

But what exactly is leverage and its counterpart, margin, and what do they matter to forex traders? Furthermore, can these be worked more effectively to the trader’s advantage, and what should you bear in mind to get the most out of these features of trading forex online?

What Is Margin and Leverage?

There is no rival to forex in terms of trading volumes and popularity, and the markets for currency are significantly larger and more heavily traded than any other. This manifests into much greater liquidity in the markets, i.e. much more money for opening and closing positions, and as a result traders often feel more able to profit from fluctuations in the market price. Such is the popularity of forex that traders can see volumes of transactions around the clock, with markets open 24 hours a day for speculation. This presents a myriad of opportunities that traders can take advantage of when looking to identify cause for profit, and the flexibility of the instrument in allowing traders to profit from both rises and falls mean there are always opportunities to be had.

But why specifically are forex markets so much more popular than the alternatives, and why is it that an ever-increasing number of traders are turning to forex over other markets?

Money

Speed

Liquidity

The forex markets hide a number of tales of past successes and failures, and it won’t take too long scouring online forums before you stumble across stories both positive and negative. It can be possible to make millions trading forex, and there is frankly no limit on the amount you can earn. Indeed, some traders have started with tiny amounts of capital and grown their pot into millions and millions. Some have even made millions and then lost them again, such is the volatility and potential risk to reward status of the forex markets.

As a result, it is clearly possible to make money through trading forex. But is it possible to make a part-time or full-time income for those traders that don’t have millions to trade with upfront? Moreover, what does it take to get to the stage where you can trade profitably on a consistent basis, and what steps should traders take to ensure they get there quicker?

How To Trade Forex Full Time?

Before you even think about becoming a professional trader, you need to devote a period of time to research, reading and analysis of the markets and the different strategies and techniques you will need to get there. Forex trading is often nuanced, and sometimes things that seem obvious to the uninitiated are actually damaging practices that will hamper profitability. The first steps towards becoming a professional are purely research based, and you shouldn’t cut corners when it comes to learning what you’re doing.
Forex can be a feasible full-time endeavor for those looking to earn their living from the marketds, and for the shrewd investor it can return at a significantly greater rate as compared to virtually any other market, job or investment. But getting to the stage of trading full-time takes hard work and serious dedication, and it’s important you figure first whether you enjoy trading. Nevertheless those that spend enough time reading about the markets and researching different techniques and trading styles will find that they are in a stronger position going forward to profit from the forex markets.

Trading full-time requires hard work, but also an understanding of the economics of forex trading. This means looking at the amounts of capital in your possession, and the degrees of returns that will be required in order to achieve your goals. For those with the determination to succeed, and an ability to think about the numbers and the gains involved, trading forex full-time is ultimately within their grasp.

Steps Towards Becoming Professional

Before you even think about becoming a professional trader, you need to devote a period of time to research, reading and analysis of the markets and the different strategies and techniques you will need to get there. Forex trading is often nuanced, and sometimes things that seem obvious to the uninitiated are actually damaging practices that will hamper profitability. The first steps towards becoming a professional are purely research based, and you shouldn’t cut corners when it comes to learning what you’re doing.

Forex markets are the most heavily traded in the world, and there are countless transactions processed in various international currencies every day. Aside from the practical importance of having a forum to buy currencies, which enables governments, businesses and banks to trade fluidly across international borders, forex provides some of the best opportunities for profitable speculation for those that gain the best levels of understanding of how the markets work.

While the theory behind forex transactions might be straightforward enough, making them work to a profitable end can be a much more challenging task. Aside from the research and market analysis functions required (which anyone can learn with time and experience), an understanding of how the markets work and how transactions can be made to deliver returns is fundamental to ensuring the success of your trading time.

Currency Values In Forex Trading

Going Long / Going Short

Forex is the world’s largest financial marketplace, with literally trillions of dollars in volume being pumped through every day. Equally as appealing to individuals as it is to large investment institutions, forex provides traders with the opportunity to speculate on fluctuations in international currency pairs with a view to profiting on the ups and downs of the markets. What makes forex so powerful is the fact that traders can benefit from leverage – i.e. additional buying power artificially created by the broker. This enables forex markets to be amongst the most significant ways to profit from financial speculation, and allows savvy traders to generate significant profits from their trading time.

Forex is made possible by the fact that international currencies use floating exchange rates. These exchange rates mean that different currencies move freely in their value against other currencies, largely in response to supply and demand factors in that currency. So, if investors feel the US economy and dollar deposits will offer them a better chance of returns than Sterling, the USD will inevitably rise against the USD. And because each of these transactions is leveraged (i.e. ramped up by a rolling line of credit provided by the broker), traders can take advantage of even small movements to deliver a more substantial profit for their account.

How Forex Makes Money

Forex transactions occur when a trader buys or sells a particular currency pair, only to reverse the transaction at a future date when the value rises or falls respectively. The profit portion of the trade comes from the difference between the opening and closing prices of the position, and where the market moves in a favourable direction for the trader the position will show an increase in value.

However, traders should also be aware of the potential for losses to accrue in forex, and those positions that decrease in value or fail to show the required degree of gains can generate leveraged losses. This makes it particularly important for traders to be sure they are guarding against the inherent risks in their transactions, to ensure the trades they do place are as safe and as potentially profitable as possible. This requires intense study and research into the markets and the signals that might suggest a trend in either direction, but for those that are prepared to put in the work the potential for earning a substantial return from forex capital is definitely there.

Shrewd traders can expect to outstrip the returns available in any other market, but it is important that those that approach the markets with a view to profiting are sensible and aware of the risks and dangers that can be associated with trading of this kind. Through taking steps towards better risk management, traders can work towards building a more stable foundation for their portfolio, with a view to establishing more avenues to profit from currency markets.

Your online home for forex broker reviews and comparisons. Whether you’re a first-time trader looking to get started with a broker for the first time, or you’re an existing trader looking to find a better deal our broker reviews and comparisons are designed to make it as easy as possible for you to find the provider you’re looking for.

Our Trading Academy section is constantly being updated with the latest in know-how and resources designed to help new traders play the markets more successfully. Created with those new to forex in mind, our free-to-use Academy is packed with everything you need to know to get started trading in forex markets.

Our Forex Broker Reviews section features our independent reviews of the leading forex brokers online. We keep our reviews constantly up-to-date to reflect the ever-changing position of the market, with a view to helping traders locate the best possible deals on their forex trading. Written by experienced traders, our reviews share insights into what each of the top trading platforms is like to work with, to help guide you on the path to successful forex trading.

The Forex House is a forex advisory services that specializes in new advanced forecasting techniques and trading strategies. Our goal is to present our clients with winning opportunities as they are happening in the market. We offer day traders  free daily analysis including signals ,entry points, stop loss, support and resistance levels for the major currencies. You can also subscribe to our intra day forecast that offers advice on the market as the opportunities present themselves within the trading day.

The Forex House is an advisory service That relies on new  advanced analysis techniques. And precise entry and exit strategies. We offer our customers daily & intra day advice on the forex market. We also offer many other services including an online manual that will be available in the near future when our site is complete. At the moment we are offering you our daily and intra day signals absolutely free of charge. Enjoy and many profitable trades.

Disclaimer: The Forex-House will not be held responsible for the accuracy and the reliability of the information provided in our advisory pages. The information provided is put forward in good faith and  is believed to be accurate but there are no implicit guarantees of accuracy or timeliness. The user accepts that by using this advisory service, he or she will not hold forex-house responsible for decisions based on information provided by our daily & intra day advisory services.