potential

Forex Training - Why trade Forex?

24-Hour Market

The Forex market is a seamless 24-hour market. The GFX dealing desk is open from Sunday at 2:15PM EST until Friday at 4 PM EST (customer service is available 24/7). With the ability to trade during the U.S., Asian, and European market hours, traders have the advantage of customizing their own trading schedule.

Commission Free Trading

GFX charges no commission or additional transactions fees, unless otherwise agreed, to trade currencies online or over the phone. Combined with the tight, consistent, and fully transparent spread, Forex trading costs are lower than those of any other market.

Instantaneous Execution of Market Orders

GFX prides itself in offering the best execution possible in all market conditions. GFX offers instantaneous execution and price certainty on every market orders under normal market conditions. On the FX trading station, traders execute directly off real time streaming prices. There is no discrepancy between the displayed price shown on the platform and the execution price to enter your trade.

Profit potential in both rising and falling markets

Unlike the equity market, there is no restriction on short selling in the currency market. Trading opportunities exist in the currency market regardless of whether a trader is long or short, or which way the market is moving. Since currency trading always involves buying one currency and selling another, there is no structural bias to the market. Hence, a trader has an equal access to trade in a rising or falling market.

200:1 Leverage

100:1 leverage is commonly available from online FX dealers, which substantially exceeds the common 2:1 margin offered by stock brokers. At 200:1 offered by GFX, traders post $500 margin for a $100,000 position, or 0.5%.

While certainly not for everyone, the substantial leverage available from online currency trading firms is a powerful, moneymaking tool. Rather than merely loading up on risk as many people incorrectly assume, leverage is essential in the Forex market. This is because the average daily percentage move of a major currency is less than 1%, whereas a stock can easily have a 10% price move on any given day.