New accounts open at 1: For experienced traders or novices, we offer 1: That gives you more control, and more potential profits. Because currency trading, and any trading on the world markets has a certain amount of risk, do not trade with more money than you can afford to lose. We offer the experienced trader the opportunity to make more money. Among fx's unique benefits: FOREX - Online Forex Trading since Since , fx has provided clients the tools and support necessary to capitalize on the fantastic opportunities available in the currency trading market.
Register and a forex specialist will contact you for a free one-on-one training session. For the beginner, we suggest you start at 1: You are welcome to ask for an account with 1: Open a protected account - there's no risk.
You choose how you want to trade. You control all your trades. You decide what deals to take, how large you want them to be, and how much you want the deal rate to be how much you want to pay for pips. The currency price can either go up or down. The price quote is shown with a bid price and an ask price. If you think the price is going to go up, then you buy it. You pay the bid price If you think the currency price is going to go down then choose to sell it.
You pay the ask price. For this example we will say you have in your account: This will allow you to make more money, BUT it also gives you greater risk lose money faster if the market fluctuations go in a different direction than you expect.
You can put stop loss so that you control how much money you may lose. You can never lose more than is in your account. Never trade more money than you can afford to lose. The currency market at times can be very volatile, with prices going up and down all day long. You can look at the price at the beginning of your day, and at the end of the day. It can be the same and you would not see the fact that it went up and down pip in the same day.
Or a currency may remain around the same price all day. You can trade any time that you want. You control your account. You also control the deal rate. The deal rate tells how much you pay per PIP. If you think the market is not going to move that fast, some traders adjust the deal rate to a higher level so they can make money on a smaller market movement. FOREX trading can be very profitable. You control your trades. Use stop losses to control for market fluctuations that go differently than you expected.
You should not expect to make money on every trade. You could also lose the amounts in the examples if the currency price moves opposite to what you expected. But if your trading strategy takes into account unexpected movements, you should be able to make money overall. Some traders believe if you make money in 6 out of 10 trades then you will be succesful in the FOREX market. You have read this page and understand how much MORE money you can make if you traded with 1: If you are trading at high deal rates up to per pip you may want to have money in your account to allow for market fluctuations.
Risk Disclaimer - one more warning about risk of currency trading. If you are new to trading read Forex Risk Dislaimer. OR Try the protected acount. If you make money you keep the profits.
If you lose money, your losses are covered. More Information on Protected Account.More...