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Featured
Forex Registration Almost Here
Determining what steps you should take today may in fact determine whether or not you will still have a business tomorrow.
Unlocking the Forex broker selection confusion by J. Paz - Webinar Recording
Brokers information
Francesc’s Weblog » Go Markets The First Australian Broker at FXstreet Brokers List
Tue, Feb 9 2010, 14:56 GMT
Francesc’s Weblog » NFA permanently bars Colorado firm CFS Capital Management LLC and sanctions its principals
Tue, Feb 9 2010, 12:08 GMT
Francesc’s Weblog » The Answer to the CFTC Proposal Could Be in Canada, Says Jeff Langing
Fri, Feb 5 2010, 15:48 GMT
FDM & Brokers News
ACM Listed in Top 100 Global Companies
ACM (ac−markets.com) was listed as one of the Top 100 global companies by World Finance Magazine for 2009.
A worldwide online trading contest starting Sunday, 7 Feb., sets new benchmarks for the extent of cash and other prizes offered, and linking traders globally through social networking, as well as giving market speculation expertise greater recognition.
Interbank FX Debuts Improved Pattern Recognition Scanner (PRS) Tool
Interbank FX (www.interbankfx.com), a worldwide provider of online off−exchange retail foreign currency (Forex/FX) trading, has unveiled the most recent addition to its progressing transparency tools— The PRS: Pattern Recognition Scanner.
Choose a firm
In December 2007, the NFA moved a step further in the aim to regulate and control the practices by Forex firms in the USA increasing their required minimum capital to establish a Forex business along with some changes in accounting practices. For such step to have a real meaning, the SRO decided that any firm willing to operate in the Forex Market would have to change its name to Forex Dealer Member (short name FDM).
6 steps to choose a Firm
1.
Read Brokers criteria section: List of criteria to take into account when choosing a Broker.2.
Use Brokers comparative table: One page view of principal Brokerage firms' features.3.
Use “+ info” links: When detailed information of a Broker is required.4.
Open a Demo Account: Direct link to Brokerage firms’ Demo Account Platform.5.
Chat with a Broker: Anonymous conversation with a Broker representative.6.
Be contacted by the Brokers of your choice: Completing this form will ensure you are contacted by the selected Brokers.
General criteria to choose a Firm
1.
Is The Broker Or Dealer Regulated?2.
How Reliable Is The Broker's Trading Platform?3.
Capitalization4.
Is The Company A Broker Or A Dealer?5.
Customer Support6.
Costs: Fee And Commission Structures7.
Account Types8.
Is The Broker Offering Any Added-Value Services?9.
Leverage And Margin Call Policies
Glossary of common trading terms
(from Investopedia)
Pip: The smallest price change that a given exchange rate can make.
Leverage: The use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment.
Spread: The difference between the bid and the ask price of a security or asset.
Margin: The amount of equity contributed by a customer as a percentage of the current market value of the securities held in a margin account.
Ask: The price at which a market maker is willing to sell (you buy) a security. The market maker will also display a bid price, or the amount and price at which it is willing to buy (you sell)..
The Know yourself Trader's Table
Find yourself to define what kind of Trader you are to choose the appropriate broker to trade
| Aggressive | Moderate | Conservative | |
| Broker/FDM regulation | Very important | Very important | Very important |
| Trading Platform | Robustness, efficiency, reliability & speed of execution | Efficiency & reliability | Efficiency |
| Costs of Trading | Critical: Low spread & no commission | Important: Low spread | Important: Low spread |
| Dealing Size Boundaries | An important issue for volume used per trade at once | An important issue for volume used per trade at once | An important issue for volume used per trade at once |
| User-Friendly Software | Critical: Speed of execution | Required | Required |
| Added Value Services | To be checked-out | An important issue | An important issue |
| Customer Service | Very important | Very important | Very important |
| Leverage and margin call policy | Critical: Highest possible 200/400:1 | Important: 100:1 | Keeping trading low 50/25:1 |
Risk Disclosure
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
