What is forex?

Forex or Foreign Exchange Trading is the simultaneous buying of one currency and selling of another. It is an over the counter exchange open to banks, large corporations and private investors. 

What are the hours of trading?

FOREX has no physical location or central exchange. It trades 24 hours a day in financial centers all over the world, including: New York, London and Tokyo creating one seamless international market. Forex Trading is not conducted on a regulated exchange and as a result there are additional risks associated with this type of trading. 

How do I withdraw funds from my trading account?

Can I deal over the phone as well as on the internet?

Telephone dealing is available to clients via the 24 hour dealing desk.

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 (demo trading ) in order to become consistent and successful traders.

How do I manage risk?

The most common risk management tools in FX trading are the limit order and the stop loss order. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor's position. The liquidity of the Forex market ensures that limit order and stop loss orders can be easily executed.

How much will it cost to get started?

The minimum deposit for the opening a standard live trading account is $2500 and $250 for a mini account. 

Which computer configuration of the computer do you recommend?

Hardware and software specifications:

Microsoft Windows NT, 2000, Millennium or XP
Pentium III 233mhz,  RAM min 128mb recommended
1024 X 768 screen resolution
Broad Band Internet connection

Click here to download our software.

Do you offer commissions  on the sale of your training programs?

Yes. Contact us to discuss the options available as our affiliate in selling our professional training package.

What about terms like "bid/ask", "spread", and "rollover"?

We have an extensive Glossary that provides detailed definitions of all Forex related terms. Our online training program will also educate you in all Forex terminology.

How do I access my transaction statements?

You have daily real time access to your account balances and trading summary via the trading software.

How do I access the software if I am behind a firewall or use a proxy server?

In order to access the software while running through a proxy server, it is necessary to make sure that the proxy server has port 8080 open for bi-directional traffic as well as have all ports from 1024 and up open to send data. If it is not possible for the proxy server to accommodate this, it may be necessary to request a connection separate from the proxy server in order to facilitate connection to the software. It would be good to note that the requirements for a proxy server are the same as what is needed to access the software while behind a firewall. Once again, port 8080 must be open for bi-directional traffic and all ports from 1024 and up open to send data.

Do you offer managed accounts?

Yes, we offer managed accounts. Please contact us.

What is Margin?

Margin is essentially collateral for a position. It allows traders to take on leveraged positions with a fraction of the equity necessary to fund the trade. In the equity markets, the usual margin allowed is 50% which means an investor has double the buying power. In the forex market leverage ranges from 1% to 2%, giving investors the high leverage needed to trade actively.