What is Forex (Fx) trading?
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Forex trading is simply the exchange of one
currency for another - Each Forex trade can theoretically be
viewed as a 'spread ' trade. To buy one currency you must sell
another. |
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What is paper trading?
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| Paper trading is simulated trading. You may use
this to decide if Forex trading is for you, or to trial
trading systems before going live. The demo trading site
provides all real data and free charting facilities. You will
need to register for "Paper Trading” and we will
forward you a User ID and Password. We recommend that all
potential traders should trial demo trading to familiarize
themselves with the workings of the software.
Click
here to register for our free trial period.
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Is Forex Trading capital intensive?
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No. The minimum deposit requirement for a
live account with Global Forex Trading is $2500. |
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How much money can I make?
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| 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. |
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Is there a risk?
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Yes there is. 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. |
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What are the major currencies traded in
Forex?
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There are four main currency pairs that are
heavily traded and that offer almost immediate liquidity:
Keep in mind that we offer a choice of over
120 currency pairs. |
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How do we make our money?
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We derive our income from GFT's trade
spread (the difference between the bid and the ask prices). It
is in our interest to ensure that traders are successful and
profitable in order for us to make any money – Your success
is our successI have some additional queries that you have not
answered in this section.
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