What spreads do you offer?
|
|
Global Forex Trading offer 3 pip spreads on the EUR/USD and USD/JPY - GFT quotes the EUR/USD and USD/JPY at 3 pips wide during all of the active forex market sessions, and max 4 pips wide should liquidity dry up. |
|
|
What is the difference between your demo and live systems?
|
| Automated servers run the demo. The demo data feed comes directly from the live servers. On the live system your orders are quoted and filled by professional Forex Dealers. |
|
|
How many currency pairs do you offer?
|
|
We offer over 60 currency pairs. |
|
|
What about risk?
|
| The common rule of "high yield, high risk" is particularly prevalent. Trading with FOREX can be exceptionally profitable, but subject to risk and therefore it is advisable that risk capital should be used. It is important that you exercise good judgment during trading and manage your risk according to the principles we will teach. Please read our risk disclosure very carefully. |
|
|
How much money can I make?
|
|
The amount of profit you can make depends on the size of your initial capital, the amount of work you are willing to put in, and your personal trading style, meaning how much risk you is willing to take. We strongly advise that all traders take the necessary time to do the proper preparation (training) in order to become consistent and successful traders.
|
|
|
How do I enter/exit a trade in case of a power failure/computer crash?
|
|
Trades can be executed by phoning the 24-hour Global Forex Trading Dealing desk. Global Forex Trading also offers a Wireless FX trading option. GFT Mobile lets you connect through your web enabled cell-phone, using 40-128bit encryption to securely check real-time prices, place orders from any location, set price alerts and stay on top of your account status, anywhere, anytime. |
|
|
How to transfer funds from my trading account to another account?
|
|
You'll have to complete and fax a funds request form (available in our accounts section) with the sum that you want to transfer and the requisites of the account into which you want to have the money transferred. Please keep in mind that the funds can be transferred to any account worldwide, as long as it matches the name in which you opened your trading account. |
|
|
How to open a live trading account?
|
|
To start trading a live account , you will have to fill out the necessary documentation and transfer funds to Global Forex Trading . For the details
click here.
|
|
|
What is the minimum deposit amount in order to start trading?
|
|
The minimum deposit requirement for a live account with Global Forex Trading is $2500. |
|
|
When is the Forex market open for trading?
|
|
A true 24-hour market, forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night. |
|
|
How long are positions maintained?
|
|
As a general rule, a position is kept open until one of the following occurs:
-
realization of sufficient profits from a position;
-
the specified stop-loss is triggered;
-
another position that has a better potential appears and you need these funds.
|
|
|
What are the most commonly traded currencies in the Forex markets?
|
|
The most often traded or 'liquid' currencies are those of countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of the major currencies, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and the Australian Dollar. |
|
|
What does it mean have a 'long' or 'short' position?
|
|
A long position is one in which a trader buys a currency at one price and aims to sell it later at a higher price. In this scenario, the investor benefits from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate. In this scenario, the investor benefits from a declining market. However, it is important to remember that every FX position requires an investor to go long in one currency and short the other. |
|
|
How are currency prices determined?
|
|
Currency prices are affected by a variety of economic and political conditions, most importantly interest rates, inflation and political stability. Moreover, governments sometimes participate in the forex market to influence the value of their currencies, either by flooding the market with their domestic currency in an attempt to lower the price, or conversely buying in order to raise the price. This is known as Central Bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the forex market makes it impossible for any one entity to "drive" the market for any length of time. |
|
|
