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Open a Forex Trading Account-
Questions?
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Many forex online trading companies offer small pip spreads, just
like we do, but will you be forgotten once you open a forex trading account? We deliver personalized service to all of our individual clients
regardless of account size.
Things to know before you open a forex trading account.
What is Forex online trading?
Forex is short for foreign exchange and is the name given to the "direct access" trading of
foreign currencies. With an average daily volume of $1.4 trillion dollars, forex
is roughly 30 times larger than all of the futures markets combined, and is
therefore one of the most liquid markets in the world. Because forex is
electronically traded like Nasdaq stocks, trading occurs 24 hours a day around
the world.
How does Forex online trading work?
In forex online trading, currencies are always priced and traded
in pairs. You simultaneously buy one currency and sell another or vice versa.
The most valuable currency is listed first. For instance, you believe that
the US Dollar will strengthen vs. the Euro Currency so you would sell the Euro Currency
and buy the US Dollar or Sell EUR/USD. If you believed that the Euro will
strengthen vs. the US Dollar then you would Buy EUR/USD. The British Pound (GBP)
and the Australian Dollar (AUD) and the Euro Currency (EUR) are more valuable
than the US Dollar (USD) and therefore are listed first. The Japanese Yen (JPY),
the Swiss Franc (CHF) and the Canadian Dollar (CAD) are less valuable and
therefore listed second.
What are the most active currency pairs?
Around 85% of all currency trades occur between the major
currencies. The "majors" are the most liquid because they are seen as having the strongest economies, stable governments and strong central banks. The major
currencies include: EUR, USD, JPY, GBP, CHF, AUD and CAD.
What is a pip?
A pip stands for (percentage in point) which is 1/100th of
1%. In EUR/USD an example of a 3 pip spread ($30) is quoted at 1.2000/1.2003. The pip
spread is how the currency trading company and the introducing broker are
compensated for their services.
Is there a difference between online currency trading,
Forex online trading, Forex currency trading and online foreign exchange trading?
No. All of these terms are used interchangeably with each
other and are referring to the same thing.
Do you offer a professionally managed forex trading account?
Yes, we offer several. Visit
managed forex trading or contact us at
tkfutures@earthlink.net and we will
send you out the fund track records and specifications.
Can I open a mini forex trading account so I can learn forex with
less risk exposure per trade?
Yes, there is a mini forex online trading account that is
1/5 of the size of a full sized forex contract.
(open a Mini Forex trading account)
Do you have a practice account so I can learn forex
online
trading without risking any real money?
Yes, simply click on this link
(open a Forex Demo account)
Do you have a forex option trading practice account?
Yes, simply click on this link
(open a Forex Option Demo account)
How do I open a forex trading account and trade for real?
Opening an forex trading account is easy and only takes about
5 minutes of your time. Simply click on this link
(open a Forex trading account) and follow the instructions.
Are there any professionally managed forex accounts so I
do not have to watch the markets all of the time?
Yes, simply contact us at 800-915-4716 and we will help you
begin.
What is the minimum capital requirement to open a forex
account?
The minimum account size to open a forex account
is $2,500 US.
What are my risks of loss if I open a forex trading account?
Risk and profit potential are directly proportional to each
other. You can lose part or all of your risk capital when investing in markets
with high profit potential such as forex online trading. Open a forex trading account
using speculative capital only. Forex is traded in the cash market and not
on an exchange.
To learn more about forex online trading visit
managed forex trading ,
foreign currency trading and
FX options trading.
You can also visit our sister Forex website at
www.uplimit.com to learn even more about
investing in Forex.
Contact a seasoned professional with any questions that you have about opening an forex online trading
account at 800-915-4716 or email to
tkfutures@earthlink.net
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