- What
is Foreign Exchange?
The Foreign Exchange market, also referred to as the "Forex" or
"FX" market, is the largest financial market in the world, with
a daily average turnover of approximately US$1.5 trillion. Foreign
Exchange is the simultaneous buying of one currency and selling
of another. The world's currencies are on a floating exchange
rate and are always traded in pairs, for example Euro/Dollar or
Dollar/Yen.
- Where
is the central location of the Forex Market?
Forex Trading is not centralized on an exchange, as with the stock
and futures markets. The Forex market is considered an Over the
Counter (OTC) or 'Interbank' market, due to the fact that transactions
are conducted between two counterparts over the telephone or via
an electronic network.
- Who
are the participants in the Forex Market?
The Forex market is called an 'Interbank' market due to the fact
that historically it has been dominated by banks, including central
banks, commercial banks, and investment banks. However, the percentage
of other market participants is rapidly growing, and now includes
large multinational corporations, global money managers, registered
dealers, international money brokers, futures and options traders,
and private speculators.
- When
is the Forex market open for trading?
A true 24-hour market, Forex trading begins each day in Sydney,
and moves around the globe as the business day begins in each
financial center, first to Tokyo, then London, and New York. Unlike
any other financial market, investors can respond to currency
fluctuations caused by economic, social and political events at
the time they occur - day or night.
- What
are the most commonly traded currencies in the Forex markets?
The most often traded or 'liquid' currencies are those of countries
with stable governments, respected central banks, and low inflation.
Today, over 85% of all daily transactions involve trading of the
major currencies, which include the US Dollar, Japanese Yen, Euro,
British Pound, Swiss Franc, Canadian Dollar and the Australian
Dollar.
- Do
you need a lot of money to trade currencies?
No.The minimum deposit required can be as less as $5,000. Customers
are allowed to execute trades even to the tune of 50:1 leverage.This
means that investors can execute trades up to $100,000 with an
initial margin requirement of $2000. However, it is important
to remember that while this type of leverage allows investors
to maximize their profit potential, the potential for loss is
equally great.
- What
is Margin?
Margin is essentially collateral for a position. If the market
moves against a customer's position, additional funds will be
requested through a "margin call." If there are insufficient available
funds, immediately the customer's open positions will be closed
out.
- What
does it mean to have a 'long' or 'short' position?
A long position is one in which a trader buys a currency at one
price and aims to sell it later at a higher price. In this scenario,
the investor benefits from a rising market. A short position is
one in which the trader sells a currency in anticipation that
it will depreciate. In this scenario, the investor benefits from
a declining market.
- How
can I get familiar with terms such as "bid, "ask", "spread," etc.?
The GenuineFX trainings package is the answer to all such questions
that our visitors ask us oh-so frequently.And yes,our training
package is aimeD at all people,beginners to advanced.
- What
is the difference between an "intraday" and "overnight" position?
Intraday
positions are all positions opened anytime during the 24 hour
period AFTER the close of normal trading hours at 4:30pm EST.
Overnight positions are positions that are still on at the end
of normal trading hours (4:30pm EST), which are automatically
rolled at competitive rates to the next day's price.
- What
affects the prices of currencies?
Currency prices (exchange rates) are affected by a variety of
economic and political conditions, most importantly interest rates,
inflation and political stability. Moreover, governments sometimes
participate in the Forex market to influence the value of their
currencies, either by flooding the market with their domestic
currency in an attempt to lower the price, or conversely buying
in order to raise the price. This is known as Central Bank intervention.
Any of these factors, as well as large market orders, can cause
high volatility in currency prices.
-
How do I manage risk when I trade currencies?
The most common risk management tools in Forex 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.Make
sure you trade thru a platform which executes your Stop Loss(SL)
and Limit(Target) for sure.Almost every dealer says they do,but
you should tread carefully in this area.GenuineFX training package
covers the best platforms where you can open your forex account.
-
What kind of trading strategy should I use?
Currency traders make decisions using both technical factors and
economic fundamentals. Technical traders use charts, trend lines,
support and resistance levels, and numerous patterns and mathematical
analyses to identify trading opportunities, whereas fundamentalists
predict price movements by interpreting a wide variety of economic
information, including news, government-issued indicators and
reports, and even rumor. The most dramatic price movements however,
occur when unexpected events happen. The event can range from
a Central Bank raising domestic interest rates to the outcome
of a political election or even an act of war.More often it is
the expectation of an event that drives the market rather than
the event itself.GenuineFX training package covers all aspects
of not only how to trade successfully but also how to generate
your own profitable buy/sell signals and trade them on your own,using
all the GEnuineFX's laws of money and risk management.
- How
frequent do people trade currencies?
Market conditions dictate trading activity on any given day. As
a reference, the average small to medium trader might trade as
often as 5 times a day.
-
How long are positions maintained?
As a general rule, a position is kept open until one of the following
occurs: 1) realization of sufficient profits from a position;
2) the specified stop-loss is triggered; 3) another position that
has a better potential appears and you need these funds.In the
3rd case,something called a "SAR" is taken up by the trader,which
simply means "Stop and Reverse".GenuineFX training package covers
SAR in a easy way and how to use them effectively.
-
I am interested in foreign exchange trading, but would like some
additional information. Any suggestions?
Yes.Our partner on website content FXStreet
has loads of news resources.Doesn't harm to always
get to know things better.
- I
have problems understanding how to pay via your page at: http://www.x-changers.com/GenuineFX.html?
Don't worry at all as we DO NOT accept X-changers and only bank wires are accepted for now and in the future Credit cards would be accepted.
- How
long has GenuineFX signals been used by clients?
GenuineFX started out small but has become a world leader very
fast with huge good will in the forex market today.Since
2003.
-
Where is GenuineFX based?
New Delhi,India.We plan to get into a highly respected location soon in India.
-
How reliable is GenuineFX?
Well,we are registered with the Govt. of India
as a recognised exporter with an IEC code and also recently with Software Tech. Park of India. Is
that reliable enough for you? In case you didn't know,only a few get
an IEC from the Indian government.
-
I live in Antarctica.Can GenuineFX help me with its services?
Do you have a computer and an internet connection(broadband preferred)?
If yes,then we can definitely change your life for the better.GenuineFX
serves all nations,24 hours a day,5 days a week.An an average,we
have more Saudi Arabia,USA,UK & Australia clients joining us-,especially for
the training package.
- When
are the signals given?
20:00-24:00 GMT.
- Why
choose GenuineFX?
We'll give exact entry,stop loss and exit levels and help show
you how to pick a trade! With the GenuineFX system, you have the
top-notch research(including access to specific trading recommendations)
you want right at your fingertips.A state-of-the-art forex trading
genie just to serve you. Real-time,streaming quotes from Fxstreet
and One of the best forex news services around,for FREE. Most
of all the GenuineFX training system's value is very low,compared
to what it offers. THINK .No more wasting money on any forex signals
or training provider after our package.
-
I don't have much time.Will GenuineFX trade for me please?
Well,even though our signals are given at a very convenient time
for anyone to trade in most of the time-zones and it doesn't take
much of your time to set the trades,if you still want us to trade
your accounts,you can CLICK
HERE.
- Is
GenuineFX registered with any govt. authority and/or legal entity
as a broker and/or money manager?
No.All GenuineFX services are provided on a personal basis to everyone and should not be
taken as investment advises or solications for the same,and all
agreements(such as managed account agreements) are private agreements
between the client and GenuineFX.Please ensure that you read our
disclaimer full.Yes,FX is highly profitable probably IF you have a good mentor.But it is as risky too.There is always risk
of losing all capital and hence we always advise to play with
stop losses to each & every client.GenuineFX is 'One of the BEST' in trainings and it's much cheaper than others.We
shall NOT be modest about our training documents at all.We are
one of the top 20 'most searched' services on the internet today.
- How
can I become a GenuineFX partner?
Just fill in our form in the affiliate page and once approved,you
are in.
- Can
I do anything with your signals,after I become a GenuineFX partner?
Yes.You can sell it in your name to clients worldwide,institutional
or individuals or you can trade them or you can just have our
signals in your site.Whatever you wish is our command.You shall
be given instructions on how and when to pay us with the negotiated
price. I am a beginner? Can I do what you say I can do,by using
your training package? Yes.Unlike almost every provider that says
and does not deliver,GenuineFX has been delivering good services
since 2003.After our training package,even an amateur to forex
would know all about forex and forex trading,how to use proper
risk/money management and how to generate his/her own buy/sell
signals with entry,exit and stop loss levels and how to trade
these signals on his own.This training package has contents so
that even a beginner can understand it as easily.For professional
traders,tbey can just skip some initial portions of the training
package content.
-
Do you provide support if we ask questions after joining the
training package?
Yes.For this,you may choose the Enhanced Training package,which
provides 2 years of full support and 2 years of free signals on top of that.
-
How soon do I get the training package after I pay in?
Within 48 hours of us receiving your payment,you shall receive
your training package in your inbox,with many additional files from the GenuineFX Research Archive.
- Do
I need any other software than what you provide to generate my
own signals?
No.You only need our 'system of methods'(SYSTEM) to generate the signals.All other
links that we provide are available online for free,no download
needed.
- How
can I pay for your services?
You can pay via bank wire for now and soon credit card(for signals only).
- What
are your contact Email addresses?
For General Information on anything related to GenuineFX(non-members) :
info@genuinefxonline.com
For Payment queries(when you are ready to make your payment/done
your payment) : payment@genuinefxonline.com
For partnering with us : partner@genuinefxonline.com
- Can
I contact you?
Yes, but for now we are trying to get a secure and good phone line for expansion purposes so may take sometime.
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